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Greek (ASE) Market Analysis & Valuation

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies135
  • 7D0.8%
  • 3M4.8%
  • 1Y43.9%
  • YTD37.8%

The market has stayed flat over the 7 days. As for the longer term, the market has risen 44% in the past 12 months. Earnings are forecast to grow by 11% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Dec 2025€116.7b€88.6b€9.8b14.6x11.9x1.3x
Wed, 26 Nov 2025€116.0b€88.9b€9.3b14.8x12.5x1.3x
Fri, 24 Oct 2025€111.5b€88.5b€8.7b14.4x12.8x1.3x
Sun, 21 Sep 2025€109.5b€88.4b€8.9b15x12.3x1.2x
Tue, 19 Aug 2025€112.0b€87.2b€8.8b15.9x12.7x1.3x
Thu, 17 Jul 2025€105.1b€88.0b€8.9b14.4x11.8x1.2x
Sat, 14 Jun 2025€99.2b€88.0b€9.0b13.8x11x1.1x
Mon, 12 May 2025€94.2b€87.7b€9.3b13.4x10.2x1.1x
Wed, 09 Apr 2025€87.7b€86.9b€9.4b11.4x9.3x1x
Fri, 07 Mar 2025€90.9b€86.6b€9.5b12.1x9.5x1x
Sun, 02 Feb 2025€88.2b€86.5b€9.6b12.2x9.2x1x
Tue, 31 Dec 2024€82.8b€86.5b€9.6b11.1x8.6x1x
Thu, 28 Nov 2024€79.5b€87.0b€9.6b11x8.3x0.9x
Sat, 26 Oct 2024€79.0b€86.4b€10.4b11.6x7.6x0.9x
Mon, 23 Sep 2024€81.7b€85.8b€10.3b11.6x7.9x1x
Wed, 21 Aug 2024€82.0b€84.2b€10.2b11.6x8.1x1x
Fri, 19 Jul 2024€84.0b€83.4b€10.0b11.5x8.4x1x
Sun, 16 Jun 2024€81.4b€84.3b€10.0b11.7x8.1x1x
Tue, 14 May 2024€85.3b€84.6b€9.9b12.2x8.6x1x
Thu, 11 Apr 2024€83.1b€84.4b€9.5b12x8.8x1x
Sat, 09 Mar 2024€82.9b€84.7b€9.5b12.3x8.8x1x
Mon, 05 Feb 2024€78.7b€85.9b€9.2b12.2x8.5x0.9x
Wed, 03 Jan 2024€74.7b€87.1b€9.2b12.4x8.1x0.9x
Fri, 01 Dec 2023€73.1b€87.1b€9.1b12.2x8x0.8x
Sun, 29 Oct 2023€67.8b€90.7b€8.2b11.8x8.3x0.7x
Tue, 26 Sep 2023€69.2b€91.5b€7.9b13x8.8x0.8x
Thu, 24 Aug 2023€73.3b€94.4b€8.8b12.9x8.3x0.8x
Sat, 22 Jul 2023€75.4b€94.9b€8.8b13.5x8.6x0.8x
Mon, 19 Jun 2023€72.0b€94.8b€8.8b13x8.2x0.8x
Wed, 17 May 2023€64.4b€92.3b€8.5b11.6x7.5x0.7x
Fri, 14 Apr 2023€63.2b€90.5b€8.8b11.8x7.1x0.7x
Sun, 12 Mar 2023€61.1b€87.6b€7.7b12.1x7.9x0.7x
Tue, 07 Feb 2023€60.4b€93.0b€10.8b11.2x5.6x0.6x
Thu, 05 Jan 2023€55.8b€90.5b€10.5b11.1x5.3x0.6x
Price to Earnings Ratio

5.3x


Total Market Cap: €55.8bTotal Earnings: €10.5bTotal Revenue: €90.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Greek Market Price to Earnings3Y Average 9x20242025
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 9.0x.
Past Earnings Growth
  • The earnings for Greek listed companies have declined 2.5% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Greek Market?

GR Market0.77%
Energy1.63%
Materials1.41%
Tech1.23%
Financials1.13%
Telecom1.07%
Consumer Discretionary0.76%
Utilities0.63%
Consumer Staples0.26%
Real Estate-0.23%
Healthcare-0.33%
Industrials-0.48%
Sector PE
  • Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 47.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.7%, which is higher than its past year's earnings growth of 8.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 8.7% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 2.3% 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
ALPHA Alpha Bank€3.654.3%
+€346.8m		130.7%PB1xFinancials
EUROB Eurobank€3.552.1%
+€265.1m		58.7%PB1.3xFinancials
TITC Titan€50.902.5%
+€93.0m		26.8%PE16.1xMaterials
MTLN Metlen Energy & Metals€42.801.5%
+€82.6m		n/aPE9.4xIndustrials
MOH Motor Oil (Hellas) Corinth Refineries€31.382.1%
+€71.5m		52.9%PE6.6xEnergy
See more

Market Insights

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Latest News

BELA
€28.22
Jumbo
7D
1.7%
1Y
10.8%

Many Still Looking Away From Jumbo S.A. (ATH:BELA)

Dec 27
Many Still Looking Away From Jumbo S.A. (ATH:BELA)
EUROB
€3.55
Eurobank
7D
2.1%
1Y
58.7%
CREDIA
€1.57
CrediaBank
7D
-0.6%
1Y
134.6%
MTLN
€42.80
Metlen Energy & Metals
7D
1.5%
1Y
n/a
ELLAKTOR
€1.32
Ellaktor
7D
-25.6%
1Y
-38.8%
PPC
€18.00
Public Power
7D
0.8%
1Y
51.3%

PPC: Future Upside Will Be Driven By Higher Earnings Multiple

Analysts have modestly raised their price target on Public Power to approximately $20.42 per share from about $19.68. The change reflects slightly improved expectations for revenue trends, despite a marginally lower projected profit margin and a higher future price-to-earnings multiple.
ETE
€13.34
National Bank of Greece
7D
-0.6%
1Y
74.6%
TITC
€50.90
Titan
7D
2.5%
1Y
26.8%

TITC: Data Center Demand And Low Carbon Shift Will Drive Balanced Outlook

Analysts have raised their price target on Titan from approximately 52.69 dollars to 53.51 dollars, citing slightly stronger long term revenue growth expectations and modestly lower discount rates that more than offset a small downward tweak to profit margin assumptions. What's in the News TITAN Group is scaling its TITAN Edge low carbon cement and concrete solutions to serve the rapid build out of data centers in Europe and the United States, now supplying around 80% of projects in Greece and roughly 40% of new facilities in key US markets.
ALPHA
€3.65
Alpha Bank
7D
4.3%
1Y
130.7%

ALPHA: Execution On Cost Control Will Support Future Upside Potential

Analysts slightly reduced their price target on Alpha Bank to EUR 4.00 from EUR 4.10, citing a marginally higher fair value alongside modest tweaks to the discount rate, revenue growth expectations, profit margin outlook, and forward valuation assumptions. Analyst Commentary Despite the marginal reduction in the price target, bullish analysts continue to highlight a constructive view on Alpha Bank’s medium term trajectory, pointing to a mix of valuation support and execution progress on strategic initiatives.
MOH
€31.38
Motor Oil (Hellas) Corinth Refineries
7D
2.1%
1Y
52.9%
AIA
€10.70
Athens International Airport
7D
-1.5%
1Y
33.8%

AIA: Buyback Program And Marginal Assumption Shifts Will Support Steady Outlook

Analysts have nudged their price target for Athens International Airport slightly higher to €10.74 from €10.69, citing marginally stronger expected revenue growth, modestly higher long term profit margins, a slightly lower discount rate, and a broadly unchanged future valuation multiple. What's in the News Athens International Airport S.A. will begin a share repurchase program on December 1, 2025, following approval by shareholders at the April 14, 2025 Ordinary General Meeting (company announcement).
TPEIR
€7.01
Piraeus Financial Holdings
7D
-0.2%
1Y
82.0%

TPEIR: Share Repurchases Will Drive Earnings And Capital Return Upside Into 2025

Analysts have modestly lifted their price target on Piraeus Financial Holdings, citing slightly higher fair value estimates and improved long term profitability assumptions, with the new target now roughly €8.40 compared with about €8.14 previously. What's in the News Shareholders have been invited to a special meeting on December 5, 2025 in Athens to approve the merger by absorption of Piraeus Financial Holdings by Piraeus Bank Société Anonyme and related merger documentation, including auditors reports and authorizations (company filing).
HTO
€16.90
Hellenic Telecommunications Organization
7D
1.1%
1Y
15.0%
AKTR
€9.30
Aktor Societe Anonyme Holding Company Technical and Energy Projects
7D
-1.1%
1Y
89.8%

Market Still Lacking Some Conviction On Aktor Societe Anonyme Holding Company Technical and Energy Projects (ATH:AKTR)

Dec 07
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PRODEA
€5.85
Prodea Real Estate Investment Company Société Anonyme
7D
-0.8%
1Y
-11.4%
EYDAP
€7.67
Athens Water Supply and Sewerage
7D
-1.9%
1Y
31.6%