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Greek (ASE) Banks Industry Analysis

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies5
  • 7D5.1%
  • 3M18.4%
  • 1Y16.8%
  • YTD15.3%

The Banks industry is up 5.1% in the last week, with Alpha Services and Holdings up 11%. In the last 12 months, the industry was up 17%. In the next few years, earnings are forecast to decline by 3.2% annually.

Industry Valuation and Performance

Has the Greek Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022€11.8b€10.6b€2.5b3.3x4.8x1.1x
Thu, 27 Oct 2022€10.6b€6.8b€1.4b5.9x7.7x1.6x
Sat, 24 Sep 2022€9.4b€6.8b€1.4b4.9x6.8x1.4x
Mon, 22 Aug 2022€10.6b€6.7b€1.4b5.6x7.6x1.6x
Wed, 20 Jul 2022€6.2b€6.1b-€1,157,000,000.005.8x-5.4x1x
Fri, 17 Jun 2022€7.2b€6.1b-€1,157,000,000.006.6x-6.3x1.2x
Sun, 15 May 2022€7.9b€6.2b-€971,000,000.007x-8.1x1.3x
Tue, 12 Apr 2022€9.0b€5.3b-€1,896,000,000.008.2x-4.8x1.7x
Thu, 10 Mar 2022€5.8b€3.2b€736.0m20.7x7.8x1.8x
Sat, 05 Feb 2022€7.2b€3.2b€736.0m25.7x9.8x2.3x
Mon, 03 Jan 2022€6.0b€3.2b€736.0m21.7x8.1x1.9x
Wed, 01 Dec 2021€5.7b€3.2b€736.0m21.3x7.7x1.8x
Fri, 29 Oct 2021€5.9b€3.2b€727.0m14x8.1x1.8x
Sun, 26 Sep 2021€5.3b€3.2b€727.0m12.6x7.3x1.7x
Tue, 24 Aug 2021€5.1b€3.2b€727.0m12.1x7x1.6x
Wed, 30 Jun 2021€5.3b€3.2b€727.0m12.9x7.4x1.7x
Sat, 03 Apr 2021€6.7b€3.8b-€1,586,898,000.003.7x-4.2x1.8x
Tue, 05 Jan 2021€6.3b€3.8b-€1,361,263,000.009.7x-4.6x1.7x
Fri, 09 Oct 2020€3.7b€4.2b-€475,861,000.005.5x-7.8x0.9x
Thu, 02 Jul 2020€2.9b€4.1b€623.6m7.5x4.7x0.7x
Sun, 05 Apr 2020€4.4b€5.3b€748.0m12.9x5.8x0.8x
Wed, 08 Jan 2020€10.6b€5.4b€732.3m26.8x14.5x2x
Price to Earnings Ratio

15.3x


Total Market Cap: €10.9bTotal Earnings: €711.0mTotal Revenue: €4.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Greek Banks Industry Price to Earnings3Y Average 2.7x202020212022
Current Industry PE
  • Investors are optimistic on the Greek Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 4.8x which is higher than its 3-year average PE of 2.7x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 52% per year over the last three years.
  • Revenues for these companies have grown 32% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

GR Market2.63%
Financials4.66%
Banks5.08%
Diversified Banks5.08%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 2.7x.
    • Analysts are expecting annual earnings decline of 3.2%, which is lower than the prior year's growth of 682.1% per year.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.7x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 3.2% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 682% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings decline by 3.2% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
ALPHA Alpha Services and Holdings€1.029.2%
+€202.9m
-2.2%PB0.4x
ETE National Bank of Greece€3.751.4%
+€45.7m
42.6%PB0.6x
TPEIR Piraeus Financial Holdings€1.432.0%
+€34.4m
10.3%PB0.3x
TATT Attica Bank€0.0933.6%
+€3.9m
-84.5%PB0.4x
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TPEIR

€1.43

Piraeus Financial Holdings

7D

2.0%

1Y

10.3%

TATT

€0.093

Attica Bank

7D

3.6%

1Y

-84.5%

ETE

€3.75

National Bank of Greece

7D

1.4%

1Y

42.6%

ALPHA

€1.02

Alpha Services and Holdings

7D

9.2%

1Y

-2.2%