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Greek (ASE) Financials Sector Analysis
UpdatedSep 29, 2025
DataAggregated Company Financials
Companies18
- 7D1.3%
- 3M16.5%
- 1Y72.9%
- YTD69.1%
Piraeus Financial Holdings is up 5.4%, leading the way for the Financials industry, which has gained 3.1%. Meanwhile, Hellenic Exchanges - Athens Stock Exchange actually underperformed within the industry, shrinking 5.6% in the last week. This takes the industry's 12 month performance to a gain of 70%. As for the next few years, earnings are expected to grow by 12% per annum.
Sector Valuation and Performance
Has the Greek Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 29 Sep 2025 | €43.5b | €11.3b | €4.8b | 9.9x | 9.1x | 3.8x |
| Wed, 27 Aug 2025 | €43.7b | €11.3b | €4.8b | 10.7x | 9.2x | 3.9x |
| Fri, 25 Jul 2025 | €41.6b | €11.3b | €4.7b | 10.9x | 8.9x | 3.7x |
| Sun, 22 Jun 2025 | €35.7b | €11.3b | €4.7b | 9.6x | 7.7x | 3.2x |
| Tue, 20 May 2025 | €34.3b | €11.3b | €4.7b | 8.4x | 7.4x | 3x |
| Thu, 17 Apr 2025 | €30.4b | €11.3b | €4.7b | 8.1x | 6.5x | 2.7x |
| Sat, 15 Mar 2025 | €33.1b | €11.1b | €4.7b | 8.5x | 7.1x | 3x |
| Mon, 10 Feb 2025 | €28.3b | €11.2b | €4.8b | 8.4x | 6x | 2.5x |
| Wed, 08 Jan 2025 | €27.3b | €11.2b | €4.8b | 8.2x | 5.7x | 2.4x |
| Fri, 06 Dec 2024 | €26.0b | €11.3b | €4.8b | 7.7x | 5.4x | 2.3x |
| Sun, 03 Nov 2024 | €23.7b | €11.0b | €4.6b | 6.8x | 5.1x | 2.2x |
| Tue, 01 Oct 2024 | €25.6b | €10.7b | €4.6b | 7.2x | 5.5x | 2.4x |
| Thu, 29 Aug 2024 | €25.8b | €10.6b | €4.6b | 7.9x | 5.7x | 2.4x |
| Sat, 27 Jul 2024 | €26.5b | €10.5b | €4.4b | 8.3x | 6x | 2.5x |
| Mon, 24 Jun 2024 | €25.6b | €10.5b | €4.4b | 8.4x | 5.8x | 2.4x |
| Wed, 22 May 2024 | €27.3b | €10.5b | €4.4b | 9.1x | 6.2x | 2.6x |
| Fri, 19 Apr 2024 | €24.1b | €9.9b | €4.0b | 7.2x | 6x | 2.4x |
| Sun, 17 Mar 2024 | €24.6b | €9.9b | €3.9b | 6.7x | 6.2x | 2.5x |
| Tue, 13 Feb 2024 | €24.3b | €10.0b | €4.3b | 6.7x | 5.6x | 2.4x |
| Thu, 11 Jan 2024 | €22.6b | €10.2b | €4.4b | 6.4x | 5.2x | 2.2x |
| Sat, 09 Dec 2023 | €20.8b | €10.2b | €4.4b | 6.3x | 4.8x | 2x |
| Mon, 06 Nov 2023 | €19.6b | €9.5b | €3.8b | 7.5x | 5.2x | 2.1x |
| Wed, 04 Oct 2023 | €17.8b | €9.4b | €3.7b | 6.4x | 4.8x | 1.9x |
| Fri, 01 Sep 2023 | €20.7b | €9.3b | €3.7b | 10.4x | 5.6x | 2.2x |
| Sun, 30 Jul 2023 | €21.3b | €9.8b | €3.7b | 11.6x | 5.7x | 2.2x |
| Tue, 27 Jun 2023 | €18.6b | €9.8b | €3.7b | 7.8x | 5x | 1.9x |
| Thu, 25 May 2023 | €18.8b | €10.1b | €3.7b | 7.3x | 5.1x | 1.9x |
| Sat, 22 Apr 2023 | €16.7b | €10.3b | €3.7b | 9.3x | 4.5x | 1.6x |
| Mon, 20 Mar 2023 | €14.6b | €9.6b | €3.4b | 10.3x | 4.3x | 1.5x |
| Wed, 15 Feb 2023 | €16.6b | €14.9b | €5.8b | 8.5x | 2.9x | 1.1x |
| Fri, 13 Jan 2023 | €13.6b | €14.9b | €5.8b | 7.1x | 2.4x | 0.9x |
| Sun, 11 Dec 2022 | €12.2b | €14.9b | €5.8b | 6.5x | 2.1x | 0.8x |
| Tue, 08 Nov 2022 | €12.2b | €11.1b | €4.7b | 10.1x | 2.6x | 1.1x |
| Thu, 06 Oct 2022 | €10.5b | €11.1b | €4.7b | 12.7x | 2.3x | 0.9x |
Price to Earnings Ratio
2.3x
Current Industry PE
- Investors are optimistic on the Greek Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 9.1x which is higher than its 3-year average PE of 5.5x.
- The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
- Both revenue and earnings for companies in the Financials industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Greek Financials sector?
| GR Market | -0.65% | |
| Financials | 1.28% | |
| Diversified Financial | 2.11% | |
| Banks | 1.32% | |
| Insurance | 1.20% | |
| Capital Markets | -1.95% | |
Industry PE
- Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 6.1x.
- Analysts are expecting annual earnings growth of 11.7%, which is higher than its past year's earnings growth of 8.5% per year.
- Investors are most pessimistic about the Diversified Financial industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.3x.
Forecasted Growth
- Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 32% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| ALPHA Alpha Bank | €3.56 | 3.7% +€288.9m | 128.6% | PB1x | |
| TPEIR Piraeus Financial Holdings | €7.28 | 2.5% +€224.9m | 90.3% | PB1x | |
| CREDIA CrediaBank | €1.58 | 2.6% +€64.7m | -99.7% | PB2.6x | |
| ETE National Bank of Greece | €12.07 | 0.6% +€56.8m | 57.2% | PB1.2x | |
| OPTIMA Optima bank | €8.21 | 1.4% +€24.3m | 89.8% | PB2.8x |