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Greek (ASE) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies136
  • 7D0.8%
  • 3M8.9%
  • 1Y33.4%
  • YTD7.1%

The Consumer Staples sector gained 5.1% while the market remained flat over the last week. More promisingly, the market is up 33% over the past year. Looking forward, earnings are forecast to grow by 4.7% annually.

Trending IndustriesSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024€82.8b€85.4b€9.3b12.6x8.9x1x
Thu, 15 Feb 2024€82.0b€85.2b€9.4b12.1x8.7x1x
Sat, 13 Jan 2024€76.8b€87.1b€9.2b12.2x8.4x0.9x
Mon, 11 Dec 2023€72.6b€87.1b€9.1b12.6x7.9x0.8x
Wed, 08 Nov 2023€70.3b€90.4b€8.6b11.8x8.2x0.8x
Fri, 06 Oct 2023€67.0b€90.6b€8.1b11.6x8.3x0.7x
Sun, 03 Sep 2023€73.6b€91.4b€7.9b13.5x9.3x0.8x
Tue, 01 Aug 2023€75.2b€95.4b€8.9b13.1x8.4x0.8x
Thu, 29 Jun 2023€69.5b€94.7b€8.8b12.6x7.9x0.7x
Sat, 27 May 2023€68.6b€93.0b€8.4b11.8x8.2x0.7x
Mon, 24 Apr 2023€63.4b€90.5b€8.7b12x7.3x0.7x
Wed, 22 Mar 2023€60.7b€89.1b€8.8b11.6x6.9x0.7x
Fri, 17 Feb 2023€63.6b€93.0b€10.8b12.2x5.9x0.7x
Sun, 15 Jan 2023€57.0b€90.5b€10.5b11.3x5.4x0.6x
Tue, 13 Dec 2022€53.8b€91.0b€10.5b10.6x5.1x0.6x
Thu, 10 Nov 2022€53.4b€79.0b€9.3b10.8x5.8x0.7x
Sat, 08 Oct 2022€48.9b€78.6b€9.0b10.4x5.4x0.6x
Mon, 05 Sep 2022€50.7b€73.7b€9.0b11.1x5.6x0.7x
Wed, 03 Aug 2022€49.7b€70.0b€6.3b11x7.9x0.7x
Fri, 01 Jul 2022€47.1b€67.7b€5.4b11.2x8.7x0.7x
Sun, 29 May 2022€51.4b€66.5b€5.6b12x9.2x0.8x
Tue, 26 Apr 2022€54.8b€62.1b€4.1b14x13.3x0.9x
Thu, 24 Mar 2022€49.5b€58.7b€3.8b12.7x13.1x0.8x
Sat, 19 Feb 2022€51.6b€52.0b€3.5b15.5x14.8x1x
Mon, 17 Jan 2022€50.9b€51.3b€3.5b15.4x14.7x1x
Wed, 15 Dec 2021€47.8b€51.3b€3.5b14.4x13.8x0.9x
Fri, 12 Nov 2021€47.7b€48.1b€3.1b15.3x15.5x1x
Sun, 10 Oct 2021€46.7b€48.1b€3.1b15.1x15.2x1x
Tue, 07 Sep 2021€47.2b€47.5b€2.5b19.9x18.7x1x
Thu, 05 Aug 2021€45.2b€46.7b€2.6b20.7x17.4x1x
Sun, 09 May 2021€46.5b€44.6b€6.6m18.8x7067.9x1x
Price to Earnings Ratio

6815.4x


Total Market Cap: €44.8bTotal Earnings: €6.6mTotal Revenue: €44.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Greek Market Price to Earnings3Y Average 604.5x202220232024
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 8.9x which is lower than its 3-year average PE of 605x.
Past Earnings Growth
  • The earnings for Greek listed companies have grown 1,021% per year over the last three years.
  • Revenues for these companies have grown 24% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Greek Market?

GR Market0.84%
Consumer Staples5.14%
Telecom2.93%
Utilities2.66%
Industrials2.61%
Real Estate1.34%
Materials0.32%
Consumer Discretionary0.25%
Healthcare0.20%
Tech-0.0054%
Financials-0.60%
Energy-1.79%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 25.0x.
    • 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 6.9x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 73% over the next 5 years.
  • This is better than its past earnings decline of 10% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 27% 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
ETE National Bank of Greece€7.224.6%
+€288.9m
59.9%PB0.9xFinancials
MYTIL Mytilineos€36.503.3%
+€163.1m
47.8%PE8.1xIndustrials
HTO Hellenic Telecommunications Organization€13.692.9%
+€158.6m
3.4%PE10.7xTelecom
PPC Public Power€11.703.5%
+€142.2m
51.9%PE10.9xUtilities
GEKTERNA Gek Terna€16.589.2%
+€130.5m
55.2%PE9.2xIndustrials
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

SAR

€11.20

Gr. Sarantis

7D

18.5%

1Y

67.4%

TITC

€25.55

Titan Cement International

7D

-1.0%

1Y

82.0%

ETE

€7.22

National Bank of Greece

7D

4.6%

1Y

59.9%

BELA

€26.70

Jumbo

7D

2.4%

1Y

26.1%

ELLAKTOR

€2.47

Ellaktor

7D

-1.2%

1Y

35.3%

TPEIR

€3.93

Piraeus Financial Holdings

7D

-1.7%

1Y

104.7%

OPTIMA

€7.48

Optima bank

7D

-3.7%

1Y

n/a

EUROB

€1.78

Eurobank Ergasias Services and Holdings

7D

-3.3%

1Y

44.1%

GEKTERNA

€16.58

Gek Terna

7D

9.2%

1Y

55.2%

EYDAP

€5.38

Athens Water Supply and Sewerage

7D

-2.2%

1Y

-19.6%