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Greek (ASE) Banks Industry Analysis

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies6
  • 7D2.3%
  • 3M16.6%
  • 1Y30.5%
  • YTD14.8%

All of the companies in the Banks industry have been up over the last week, with the industry up 1.9%. In the last 12 months, the industry was up 32%. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024€23.3b€9.1b€3.9b6.3x5.9x2.6x
Fri, 19 Jan 2024€21.3b€9.0b€3.9b5.7x5.5x2.4x
Sun, 17 Dec 2023€19.9b€9.0b€3.9b5.4x5.1x2.2x
Tue, 14 Nov 2023€17.9b€9.0b€3.9b4.7x4.6x2x
Thu, 12 Oct 2023€17.5b€8.3b€3.3b6.1x5.3x2.1x
Sat, 09 Sep 2023€18.1b€8.1b€3.2b5.8x5.6x2.2x
Mon, 07 Aug 2023€19.9b€8.4b€3.2b6.4x6.3x2.4x
Wed, 05 Jul 2023€18.7b€8.7b€3.3b6.1x5.7x2.1x
Fri, 02 Jun 2023€17.3b€8.7b€3.3b5.6x5.3x2x
Sun, 30 Apr 2023€14.4b€8.9b€3.3b4.2x4.4x1.6x
Tue, 28 Mar 2023€13.6b€8.6b€3.3b4x4.2x1.6x
Thu, 23 Feb 2023€15.8b€10.6b€2.5b4.3x6.4x1.5x
Sat, 21 Jan 2023€13.0b€10.6b€2.5b3.6x5.2x1.2x
Mon, 19 Dec 2022€11.2b€10.6b€2.5b3.1x4.5x1.1x
Wed, 16 Nov 2022€11.6b€10.6b€2.5b3.3x4.7x1.1x
Fri, 14 Oct 2022€9.7b€6.8b€1.4b5.3x7x1.4x
Sun, 11 Sep 2022€9.9b€6.7b€1.4b5.4x7.2x1.5x
Tue, 09 Aug 2022€7.5b€6.1b€1.7b5x4.4x1.2x
Thu, 07 Jul 2022€6.2b€6.1b-€1,157,000,000.005.7x-5.4x1x
Sat, 04 Jun 2022€8.7b€6.1b-€1,157,000,000.007.9x-7.5x1.4x
Mon, 02 May 2022€8.9b€5.3b-€1,896,000,000.007.9x-4.7x1.7x
Wed, 30 Mar 2022€9.0b€5.1b-€1,811,000,000.008x-5x1.7x
Fri, 25 Feb 2022€6.9b€3.2b€736.0m24.9x9.4x2.2x
Sun, 23 Jan 2022€6.6b€3.2b€736.0m24.2x9x2.1x
Tue, 21 Dec 2021€5.8b€3.2b€736.0m21.2x7.8x1.8x
Thu, 18 Nov 2021€6.2b€3.2b€727.0m14.7x8.5x1.9x
Sat, 16 Oct 2021€5.6b€3.2b€727.0m13.3x7.7x1.7x
Mon, 13 Sep 2021€5.4b€3.2b€727.0m12.9x7.5x1.7x
Wed, 11 Aug 2021€5.3b€3.2b€727.0m12.4x7.3x1.7x
Sun, 06 Jun 2021€8.8b€3.8b-€1,586,898,000.003.9x-5.6x2.3x
Wed, 10 Mar 2021€6.0b€3.8b-€1,361,263,000.008.5x-4.4x1.6x
Price to Earnings Ratio

-4.4x


Total Market Cap: €6.0bTotal Earnings: -€1,361,263,000.00Total Revenue: €3.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Greek Banks Industry Price to Earnings3Y Average 3.5x202220232024
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 5.9x which is higher than its 3-year average PE of 3.5x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • Total earnings for the Banks industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 34% 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 industry?

GR Market1.88%
Financials2.07%
Banks2.28%
Diversified Banks2.28%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 3.5x.
    • Analysts are expecting annual earnings decline of 1.0%, which is lower than the prior year's growth of 70.8% 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 3.5x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 1.0% 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 71% per year.
  • In contrast, the Diversified 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€3.984.2%
+€199.4m
67.9%PB0.7x
ETE National Bank of Greece€7.232.0%
+€128.0m
41.8%PB0.9x
ALPHA Alpha Services and Holdings€1.732.9%
+€112.7m
18.0%PB0.6x
EUROB Eurobank Ergasias Services and Holdings€1.921.4%
+€96.6m
30.6%PB0.9x
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TPEIR

€3.98

Piraeus Financial Holdings

7D

4.2%

1Y

67.9%

EUROB

€1.92

Eurobank Ergasias Services and Holdings

7D

1.4%

1Y

30.6%

ALPHA

€1.73

Alpha Services and Holdings

7D

2.9%

1Y

18.0%

ETE

€7.23

National Bank of Greece

7D

2.0%

1Y

41.8%

TATT

€11.10

Attica Bank

7D

-0.4%

1Y

-58.9%

OPTIMA

€7.64

Optima bank

7D

-0.5%

1Y

n/a