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Greek (ASE) Banks Industry Analysis
UpdatedAug 12, 2025
DataAggregated Company Financials
Companies6
- 7D4.6%
- 3M34.0%
- 1Y85.4%
- YTD75.1%
In the last week, the Banks industry is up 7.7%, with all of the companies up. In the last 12 months, the industry was up 86%. Looking forward, earnings are forecast to grow by 9.9% annually.
Industry Valuation and Performance
Has the Greek Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 12 Aug 2025 | €43.5b | €10.5b | €4.5b | 10.8x | 9.7x | 4.2x |
| Thu, 10 Jul 2025 | €39.4b | €10.5b | €4.4b | 9.7x | 8.9x | 3.8x |
| Sat, 07 Jun 2025 | €34.6b | €10.5b | €4.4b | 8.7x | 7.8x | 3.3x |
| Mon, 05 May 2025 | €30.9b | €10.4b | €4.4b | 7.5x | 7.1x | 3x |
| Wed, 02 Apr 2025 | €30.6b | €10.4b | €4.4b | 7.5x | 7x | 2.9x |
| Fri, 28 Feb 2025 | €28.0b | €10.2b | €4.4b | 6.4x | 6.3x | 2.7x |
| Sun, 26 Jan 2025 | €27.2b | €10.3b | €4.4b | 6.2x | 6.1x | 2.6x |
| Tue, 24 Dec 2024 | €24.5b | €10.3b | €4.4b | 5.7x | 5.5x | 2.4x |
| Thu, 21 Nov 2024 | €23.1b | €10.5b | €4.5b | 5.9x | 5.2x | 2.2x |
| Sat, 19 Oct 2024 | €23.8b | €9.8b | €4.3b | 5.6x | 5.6x | 2.4x |
| Mon, 16 Sep 2024 | €23.6b | €9.8b | €4.3b | 6.2x | 5.5x | 2.4x |
| Wed, 14 Aug 2024 | €24.1b | €9.9b | €4.3b | 6.3x | 5.6x | 2.4x |
| Fri, 12 Jul 2024 | €24.9b | €9.7b | €4.1b | 6.2x | 6.1x | 2.6x |
| Sun, 09 Jun 2024 | €25.2b | €9.7b | €4.1b | 6.2x | 6.1x | 2.6x |
| Tue, 07 May 2024 | €24.3b | €9.5b | €4.0b | 6.5x | 6.1x | 2.5x |
| Thu, 04 Apr 2024 | €22.6b | €9.3b | €3.8b | 6x | 5.9x | 2.4x |
| Sat, 02 Mar 2024 | €23.3b | €9.1b | €3.9b | 6.3x | 5.9x | 2.5x |
| Mon, 29 Jan 2024 | €21.5b | €9.0b | €3.9b | 5.8x | 5.5x | 2.4x |
| Wed, 27 Dec 2023 | €19.8b | €9.0b | €3.9b | 5.3x | 5.1x | 2.2x |
| Fri, 24 Nov 2023 | €19.9b | €9.0b | €3.9b | 5.3x | 5.1x | 2.2x |
| Sun, 22 Oct 2023 | €17.8b | €8.3b | €3.3b | 6.1x | 5.4x | 2.1x |
| Tue, 19 Sep 2023 | €17.9b | €8.1b | €3.2b | 5.7x | 5.5x | 2.2x |
| Thu, 17 Aug 2023 | €18.9b | €8.1b | €3.2b | 6.1x | 5.8x | 2.3x |
| Sat, 15 Jul 2023 | €19.8b | €8.7b | €3.3b | 6.6x | 6x | 2.3x |
| Mon, 12 Jun 2023 | €18.4b | €8.7b | €3.3b | 6x | 5.6x | 2.1x |
| Wed, 10 May 2023 | €15.8b | €8.6b | €2.9b | 5.3x | 5.4x | 1.8x |
| Fri, 07 Apr 2023 | €14.1b | €6.6b | €3.3b | 4.1x | 4.3x | 2.1x |
| Sun, 05 Mar 2023 | €16.5b | €6.7b | €2.6b | 4.4x | 6.4x | 2.5x |
| Tue, 31 Jan 2023 | €13.6b | €10.6b | €2.5b | 3.7x | 5.5x | 1.3x |
| Thu, 29 Dec 2022 | €11.4b | €10.6b | €2.5b | 3.2x | 4.6x | 1.1x |
| Sat, 26 Nov 2022 | €11.8b | €10.6b | €2.5b | 3.3x | 4.8x | 1.1x |
| Mon, 24 Oct 2022 | €10.5b | €6.8b | €1.4b | 5.7x | 7.5x | 1.5x |
| Wed, 21 Sep 2022 | €10.2b | €6.8b | €1.4b | 5.4x | 7.3x | 1.5x |
| Fri, 19 Aug 2022 | €10.6b | €6.7b | €1.4b | 5.6x | 7.6x | 1.6x |
Price to Earnings Ratio
7.6x
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 9.5x which is higher than its 3-year average PE of 6.0x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 20% 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 Market | 4.96% | |
| Financials | 4.57% | |
| Banks | 4.60% | |
| Diversified Banks | 4.60% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 6.0x.
- Analysts are expecting annual earnings growth of 9.9%, which is higher than its past year's earnings growth of 8.5% 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 6.0x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 9.9% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.9% 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 | |
|---|---|---|---|---|---|
| TPEIR Piraeus Financial Holdings | €7.34 | 7.5% +€639.6m | 91.7% | PB1x | |
| EUROB Eurobank Ergasias Services and Holdings | €3.41 | 4.1% +€492.3m | 68.6% | PB1.3x | |
| ETE National Bank of Greece | €13.07 | 4.1% +€465.1m | 74.0% | PB1.4x | |
| ALPHA Alpha Bank | €3.58 | 2.1% +€169.0m | 131.0% | PB1x | |
| TATT Attica Bank | €1.22 | 6.7% +€123.0m | -99.9% | PB2.3x |