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Greek (ASE) Market Analysis & Valuation

UpdatedDec 09, 2023
DataAggregated Company Financials
Companies141
  • 7D-0.9%
  • 3M0.6%
  • 1Y31.9%
  • YTD28.5%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 4.8% in that time. Meanwhile, the market is actually up 32% over the past year. Earnings are forecast to grow by 2.0% annually.

Trending IndustriesSoftware

Market Valuation and Performance

Has the Greek Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 Dec 2023€72.6b€87.6b€9.1b12.6x7.9x0.8x
Mon, 06 Nov 2023€70.0b€90.1b€8.3b12x8.5x0.8x
Wed, 04 Oct 2023€67.5b€90.4b€8.0b12.2x8.5x0.7x
Fri, 01 Sep 2023€74.1b€92.3b€8.4b13.6x8.8x0.8x
Sun, 30 Jul 2023€75.0b€95.4b€8.9b13.1x8.4x0.8x
Tue, 27 Jun 2023€69.4b€94.7b€8.8b12.4x7.9x0.7x
Thu, 25 May 2023€67.1b€92.8b€8.4b11.6x8x0.7x
Sat, 22 Apr 2023€63.6b€90.5b€8.7b12.2x7.3x0.7x
Mon, 20 Mar 2023€58.8b€88.9b€8.2b11.4x7.2x0.7x
Wed, 15 Feb 2023€63.4b€93.0b€10.8b11.7x5.9x0.7x
Fri, 13 Jan 2023€56.7b€90.5b€10.5b11.4x5.4x0.6x
Sun, 11 Dec 2022€53.9b€91.0b€10.5b10.6x5.1x0.6x
Tue, 08 Nov 2022€52.9b€78.6b€9.0b10.6x5.9x0.7x
Thu, 06 Oct 2022€49.3b€78.6b€9.0b10.3x5.5x0.6x
Sat, 03 Sep 2022€50.7b€73.7b€9.0b11.1x5.6x0.7x
Mon, 01 Aug 2022€48.7b€69.6b€6.1b11.1x8x0.7x
Wed, 29 Jun 2022€47.8b€67.7b€5.4b11.1x8.8x0.7x
Fri, 27 May 2022€50.4b€64.9b€5.5b11.5x9.1x0.8x
Sun, 24 Apr 2022€54.8b€62.1b€4.1b14x13.3x0.9x
Tue, 22 Mar 2022€49.7b€58.5b€3.8b13.6x13.1x0.8x
Thu, 17 Feb 2022€51.9b€52.0b€3.5b15.4x14.9x1x
Sat, 15 Jan 2022€50.9b€51.3b€3.5b15.4x14.7x1x
Mon, 13 Dec 2021€48.4b€51.2b€3.6b14.7x13.6x0.9x
Wed, 10 Nov 2021€47.8b€48.1b€3.1b14.9x15.5x1x
Fri, 08 Oct 2021€46.5b€48.1b€3.1b14.7x15.1x1x
Sun, 05 Sep 2021€46.9b€46.7b€2.6b19.9x18x1x
Tue, 03 Aug 2021€45.0b€46.7b€2.6b20.6x17.3x1x
Fri, 07 May 2021€46.5b€44.6b€6.6m18.8x7067.9x1x
Mon, 08 Feb 2021€39.7b€44.5b-€358,044,952.0016.6x-111x0.9x
Price to Earnings Ratio

-116x


Total Market Cap: €41.6bTotal Earnings: -€358,044,952.00Total Revenue: €44.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Greek Market Price to Earnings3Y Average 600.3x20222023
Current Market PE
  • Investors are pessimistic on the Greek market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 7.9x which is lower than its 3-year average PE of 600x.
Past Earnings Growth
  • Total earnings for Greek listed companies have gone up over the last three years, and the market is now profitable.
  • Revenues have grown 25% per year, driving the profits up.

Sector Trends

Which sectors have driven the changes within the Greek Market?

GR Market-0.86%
Healthcare4.83%
Consumer Discretionary1.07%
Consumer Staples0.95%
Real Estate0.92%
Tech0.46%
Materials0.41%
Utilities-0.22%
Telecom-0.22%
Industrials-0.24%
Energy-1.58%
Financials-3.23%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 27.6x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 2.1x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 87% over the next 5 years.
  • This is better than its past earnings decline of 31% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 19% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
BELA Jumbo€25.502.2%
+€76.2m
68.2%PE12.5xConsumer Discretionary
INLOT Intralot Integrated Lottery Systems and Services€1.059.4%
+€55.0m
110.8%PE29.8xConsumer Discretionary
INKAT Intrakat Société Anonyme Technical and Energy Projects€3.829.8%
+€54.6m
174.0%PE47.3xIndustrials
PRODEA Prodea Real Estate Investment Company Société Anonyme€7.502.0%
+€38.3m
-13.8%PB1.3xReal Estate
ELLAKTOR Ellaktor€2.313.8%
+€29.6m
33.5%PE38.9xIndustrials
See more
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Market Insights

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Latest News

ELPE

€7.27

HELLENiQ ENERGY Holdings

7D

-4.1%

1Y

-3.8%

KARE

€318.00

Karelia Tobacco

7D

2.6%

1Y

10.4%

ADMIE

€2.25

Admie Holding

7D

4.9%

1Y

22.7%

INTRK

€3.05

Intracom Holdings

7D

12.8%

1Y

80.5%

ETE

€5.96

National Bank of Greece

7D

-3.5%

1Y

63.2%

INLOT

€1.05

Intralot Integrated Lottery Systems and Services

7D

9.4%

1Y

110.8%

ELLAKTOR

€2.31

Ellaktor

7D

3.8%

1Y

33.5%

EUROB

€1.61

Eurobank Ergasias Services and Holdings

7D

-3.2%

1Y

54.7%

TATT

€10.60

Attica Bank

7D

-5.0%

1Y

-21.5%

BELA

€25.50

Jumbo

7D

2.2%

1Y

68.2%

ALPHA

€1.49

Alpha Services and Holdings

7D

-4.6%

1Y

47.7%

TPEIR

€3.13

Piraeus Financial Holdings

7D

-3.1%

1Y

132.4%