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Greek (ASE) Financials Sector Analysis

UpdatedFeb 20, 2024
DataAggregated Company Financials
Companies18
  • 7D1.7%
  • 3M17.5%
  • 1Y30.7%
  • YTD14.6%

The Financials industry is up 1.7% in the last week, with Piraeus Financial Holdings up 4.1%. This takes the industry's 12 month performance to a gain of 31%. Earnings are forecast to be flat in the coming years.

Sector Valuation and Performance

Has the Greek Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 Feb 2024€24.7b€10.1b€4.4b6.6x5.6x2.4x
Thu, 18 Jan 2024€22.4b€10.2b€4.4b6.3x5.1x2.2x
Sat, 16 Dec 2023€21.3b€10.2b€4.4b6.4x4.9x2.1x
Mon, 13 Nov 2023€19.1b€10.2b€4.3b6.6x4.4x1.9x
Wed, 11 Oct 2023€18.6b€9.5b€3.8b7x4.9x2x
Fri, 08 Sep 2023€19.1b€9.3b€3.7b9.9x5.1x2.1x
Sun, 06 Aug 2023€21.3b€9.5b€3.6b11.5x5.9x2.2x
Tue, 04 Jul 2023€20.1b€9.8b€3.7b8.3x5.4x2x
Thu, 01 Jun 2023€18.7b€10.2b€3.7b7.6x5x1.8x
Sat, 29 Apr 2023€15.9b€10.7b€3.8b12.7x4.2x1.5x
Mon, 27 Mar 2023€14.8b€10.0b€3.7b9.1x3.9x1.5x
Wed, 22 Feb 2023€17.8b€14.9b€5.8b9.1x3.1x1.2x
Fri, 20 Jan 2023€13.9b€14.9b€5.8b7.3x2.4x0.9x
Sun, 18 Dec 2022€12.2b€14.9b€5.8b6.6x2.1x0.8x
Tue, 15 Nov 2022€12.6b€11.3b€5.0b9.2x2.5x1.1x
Thu, 13 Oct 2022€10.7b€11.1b€4.7b12.7x2.3x1x
Sat, 10 Sep 2022€10.9b€11.0b€4.7b10.1x2.3x1x
Mon, 08 Aug 2022€8.4b€10.7b€5.0b9.2x1.7x0.8x
Wed, 06 Jul 2022€7.1b€10.4b€2.1b8.2x3.4x0.7x
Fri, 03 Jun 2022€9.6b€10.4b€2.1b9x4.5x0.9x
Sun, 01 May 2022€9.9b€9.6b€1.4b10.2x7.2x1x
Tue, 29 Mar 2022€9.5b€9.4b€1.5b10.2x6.6x1x
Thu, 24 Feb 2022€8.5b€4.9b€1.4b16.6x6.2x1.7x
Sat, 22 Jan 2022€7.6b€4.9b€1.4b15.2x5.5x1.6x
Mon, 20 Dec 2021€6.7b€4.9b€1.4b13.9x4.9x1.4x
Wed, 17 Nov 2021€6.8b€4.9b€1.4b14.2x4.9x1.4x
Fri, 15 Oct 2021€6.3b€4.9b€1.4b13.6x4.5x1.3x
Sun, 12 Sep 2021€6.2b€4.9b€1.3b10.2x4.7x1.3x
Tue, 10 Aug 2021€6.0b€4.9b€1.3b10.4x4.5x1.2x
Mon, 03 May 2021€8.2b€5.5b-€987,058,748.007.6x-8.3x1.5x
Price to Earnings Ratio

-8.9x


Total Market Cap: €6.7bTotal Earnings: -€762,525,258.00Total Revenue: €5.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Greek Financials Sector Price to Earnings3Y Average 2.9x202220232024
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 5.6x which is higher than its 3-year average PE of 2.9x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • Total earnings for the Financials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 23% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Greek Financials sector?

GR Market1.14%
Financials1.74%
Banks1.93%
Mortgage Finance0%
Mortgage REITs0%
Consumer Finance0%
Capital Markets-0.12%
Insurance-1.96%
Diversified Financial-2.38%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 38.2x.
    • Analysts are expecting annual earnings growth of 27.7%, which is higher than its past year's earnings decline of 48.8% 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 0.72x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 49% per year.
  • In contrast, the Banks industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
TPEIR Piraeus Financial Holdings€3.984.1%
+€196.9m
67.8%PB0.7x
ETE National Bank of Greece€7.232.0%
+€128.0m
41.8%PB0.9x
EUROB Eurobank Ergasias Services and Holdings€1.921.5%
+€107.7m
30.8%PB0.9x
ALPHA Alpha Services and Holdings€1.722.2%
+€88.0m
17.3%PB0.6x
PVMEZZ Phoenix Vega Mezz€0.0967.5%
+€8.4m
108.0%n/a
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Latest News

MIG

€4.35

MIG Holdings

7D

-0.1%

1Y

-33.6%

TPEIR

€3.98

Piraeus Financial Holdings

7D

4.1%

1Y

67.8%

EUROB

€1.92

Eurobank Ergasias Services and Holdings

7D

1.5%

1Y

30.8%

EXAE

€5.66

Hellenic Exchanges - Athens Stock Exchange

7D

-0.4%

1Y

28.1%

ALPHA

€1.72

Alpha Services and Holdings

7D

2.2%

1Y

17.3%

CNLCAP

€7.80

Cnl Capital E.K.E.S. - AIFM

7D

-2.5%

1Y

4.7%

TELL

€13.75

Bank of Greece

7D

-2.5%

1Y

-21.4%

ETE

€7.23

National Bank of Greece

7D

2.0%

1Y

41.8%

SUNMEZZ

€0.32

SunriseMezz

7D

3.0%

1Y

154.8%

PVMEZZ

€0.096

Phoenix Vega Mezz

7D

7.5%

1Y

108.0%

TATT

€11.20

Attica Bank

7D

0.4%

1Y

-58.5%

CAIROMEZ

€0.36

Cairo Mezz

7D

-1.1%

1Y

204.1%

BLEKEDROS

€3.33

Ble Kedros REIC

7D

-0.3%

1Y

48.7%