Gek Terna's (ATH:GEKTERNA) Solid Profits Have Weak Fundamentals
Apr 14
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Greek (ASE) Market Analysis & Valuation
UpdatedApr 14, 2026
DataAggregated Company Financials
Companies134
- 7D5.5%
- 3M-0.7%
- 1Y42.9%
- YTD1.7%
The market has climbed by 5.5% over the past week, with every sector up and the Financials sector leading the way. In the last year, the market has climbed 43%. Looking forward, earnings are forecast to grow by 11% annually.
Market Valuation and Performance
Has the Greek Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 15 Apr 2026 | €114.6b | €87.4b | €9.6b | 14x | 11.9x | 1.3x |
| Fri, 13 Mar 2026 | €113.8b | €88.6b | €10.2b | 13.4x | 11.1x | 1.3x |
| Sun, 08 Feb 2026 | €128.3b | €88.6b | €9.8b | 14.7x | 13.1x | 1.4x |
| Tue, 06 Jan 2026 | €118.8b | €88.5b | €9.8b | 14.5x | 12.2x | 1.3x |
| Thu, 04 Dec 2025 | €114.5b | €88.7b | €9.8b | 14x | 11.7x | 1.3x |
| Sat, 01 Nov 2025 | €109.5b | €88.5b | €8.7b | 14.8x | 12.5x | 1.2x |
| Mon, 29 Sep 2025 | €109.5b | €89.4b | €8.9b | 14.3x | 12.4x | 1.2x |
| Wed, 27 Aug 2025 | €111.4b | €87.2b | €8.8b | 16.1x | 12.7x | 1.3x |
| Fri, 25 Jul 2025 | €105.8b | €87.9b | €8.9b | 15.1x | 11.9x | 1.2x |
| Sun, 22 Jun 2025 | €97.5b | €88.0b | €8.9b | 13.3x | 11x | 1.1x |
| Tue, 20 May 2025 | €97.7b | €87.1b | €9.0b | 12.8x | 10.8x | 1.1x |
| Thu, 17 Apr 2025 | €89.6b | €86.8b | €9.3b | 11.7x | 9.6x | 1x |
| Sat, 15 Mar 2025 | €94.6b | €86.6b | €9.5b | 12x | 10x | 1.1x |
| Mon, 10 Feb 2025 | €88.0b | €86.5b | €9.6b | 12.1x | 9.2x | 1x |
| Wed, 08 Jan 2025 | €85.7b | €86.5b | €9.6b | 12x | 8.9x | 1x |
| Fri, 06 Dec 2024 | €82.7b | €87.7b | €9.6b | 11.2x | 8.6x | 0.9x |
| Sun, 03 Nov 2024 | €78.9b | €86.8b | €10.5b | 11.4x | 7.5x | 0.9x |
| Tue, 01 Oct 2024 | €83.3b | €86.4b | €10.4b | 11.4x | 8x | 1x |
| Thu, 29 Aug 2024 | €80.9b | €84.1b | €10.2b | 11.5x | 8x | 1x |
| Sat, 27 Jul 2024 | €83.9b | €83.4b | €10.0b | 11.7x | 8.4x | 1x |
| Mon, 24 Jun 2024 | €82.2b | €84.3b | €10.0b | 12.1x | 8.2x | 1x |
| Wed, 22 May 2024 | €86.1b | €85.1b | €10.0b | 12.9x | 8.6x | 1x |
| Fri, 19 Apr 2024 | €80.8b | €84.4b | €9.5b | 11.6x | 8.5x | 1x |
| Sun, 17 Mar 2024 | €82.8b | €85.4b | €9.3b | 12.6x | 8.9x | 1x |
| Tue, 13 Feb 2024 | €81.8b | €85.2b | €9.4b | 12.1x | 8.7x | 1x |
| Thu, 11 Jan 2024 | €76.5b | €87.1b | €9.2b | 12.2x | 8.3x | 0.9x |
| Sat, 09 Dec 2023 | €72.6b | €87.6b | €9.1b | 12.6x | 7.9x | 0.8x |
| Mon, 06 Nov 2023 | €70.0b | €90.1b | €8.3b | 12x | 8.5x | 0.8x |
| Wed, 04 Oct 2023 | €67.5b | €90.4b | €8.0b | 12.2x | 8.5x | 0.7x |
| Fri, 01 Sep 2023 | €74.1b | €92.3b | €8.4b | 13.6x | 8.8x | 0.8x |
| Sun, 30 Jul 2023 | €75.0b | €95.4b | €8.9b | 13.1x | 8.4x | 0.8x |
| Tue, 27 Jun 2023 | €69.4b | €94.7b | €8.8b | 12.4x | 7.9x | 0.7x |
| Thu, 25 May 2023 | €67.1b | €92.8b | €8.4b | 11.6x | 8x | 0.7x |
| Sat, 22 Apr 2023 | €63.6b | €90.5b | €8.7b | 12.2x | 7.3x | 0.7x |
Price to Earnings Ratio
7.3x
Current Market PE
- Investors are optimistic on the Greek market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 11.9x which is higher than its 3-year average PE of 9.6x.
Past Earnings Growth
- The earnings for Greek listed companies have grown 3.5% per year over the last three years, while revenues have remained steady.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Sector Trends
Which sectors have driven the changes within the Greek Market?
| GR Market | 5.50% | |
| Healthcare | 10.49% | |
| Financials | 8.37% | |
| Industrials | 4.94% | |
| Materials | 4.86% | |
| Consumer Staples | 4.60% | |
| Real Estate | 3.22% | |
| Utilities | 3.03% | |
| Consumer Discretionary | 2.37% | |
| Telecom | 2.33% | |
| Tech | 2.20% | |
| Energy | 0.032% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth which is trading above its 3-year average PE ratio.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 10.7x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 30% over the next 5 years.
- However this is lower than its past earnings growth rate of 42% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 4.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| EUROB Eurobank | €4.01 | 11.8% +€1.5b | 67.9% | PB1.4x | Financials | |
| ETE National Bank of Greece | €15.13 | 12.4% +€1.5b | 63.1% | PB1.5x | Financials | |
| TPEIR Piraeus Bank | €8.46 | 12.3% +€1.1b | 76.3% | PB1.1x | Financials | |
| ALPHA Alpha Bank | €3.80 | 11.2% +€869.4m | 75.8% | PB1x | Financials | |
| GEKTERNA Gek Terna | €40.04 | 11.5% +€418.5m | 113.7% | PE29.1x | Industrials |
