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Greek (ASE) Banks Industry Analysis
UpdatedDec 24, 2025
DataAggregated Company Financials
Companies5
- 7D2.3%
- 3M4.8%
- 1Y82.6%
- YTD79.5%
Over the last 7 days, the Banks industry has remained flat, although notably Alpha Bank gained 6.7%. As for the the longer term, the industry is up 85% over the past 12 months. Looking forward, earnings are forecast to grow by 14% 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 |
|---|---|---|---|---|---|---|
| Wed, 24 Dec 2025 | €37.6b | €7.9b | €3.4b | 10.9x | 11.1x | 4.7x |
| Fri, 21 Nov 2025 | €42.8b | €10.3b | €4.4b | 10.5x | 9.8x | 4.2x |
| Sun, 19 Oct 2025 | €42.3b | €10.5b | €4.5b | 10.1x | 9.4x | 4x |
| Tue, 16 Sep 2025 | €41.7b | €10.5b | €4.5b | 10.1x | 9.3x | 4x |
| Thu, 14 Aug 2025 | €43.8b | €10.5b | €4.5b | 10.7x | 9.7x | 4.2x |
| Sat, 12 Jul 2025 | €40.0b | €10.5b | €4.4b | 10x | 9.1x | 3.8x |
| Mon, 09 Jun 2025 | €34.6b | €10.5b | €4.4b | 8.7x | 7.8x | 3.3x |
| Wed, 07 May 2025 | €30.1b | €10.4b | €4.4b | 7.4x | 6.9x | 2.9x |
| Fri, 04 Apr 2025 | €30.0b | €10.4b | €4.4b | 7.3x | 6.9x | 2.9x |
| Sun, 02 Mar 2025 | €28.5b | €10.3b | €4.4b | 7x | 6.5x | 2.8x |
| Tue, 28 Jan 2025 | €27.2b | €10.3b | €4.4b | 6.2x | 6.1x | 2.6x |
| Thu, 26 Dec 2024 | €24.5b | €10.3b | €4.4b | 5.7x | 5.5x | 2.4x |
| Sat, 23 Nov 2024 | €23.0b | €10.5b | €4.5b | 6x | 5.1x | 2.2x |
| Mon, 21 Oct 2024 | €23.8b | €9.8b | €4.3b | 5.6x | 5.6x | 2.4x |
| Wed, 18 Sep 2024 | €23.8b | €9.8b | €4.3b | 6.3x | 5.6x | 2.4x |
| Fri, 16 Aug 2024 | €24.7b | €9.9b | €4.3b | 6.4x | 5.8x | 2.5x |
| Sun, 14 Jul 2024 | €25.0b | €9.7b | €4.1b | 6.2x | 6.1x | 2.6x |
| Tue, 11 Jun 2024 | €25.2b | €9.7b | €4.1b | 6.3x | 6.1x | 2.6x |
| Thu, 09 May 2024 | €24.8b | €9.5b | €4.0b | 6.7x | 6.2x | 2.6x |
| Sat, 06 Apr 2024 | €22.6b | €9.3b | €3.8b | 6.1x | 5.9x | 2.4x |
| Mon, 04 Mar 2024 | €23.3b | €9.1b | €3.9b | 6.3x | 5.9x | 2.5x |
| Wed, 31 Jan 2024 | €21.6b | €9.0b | €3.9b | 6.1x | 5.6x | 2.4x |
| Fri, 29 Dec 2023 | €19.7b | €9.0b | €3.9b | 5.4x | 5.1x | 2.2x |
| Sun, 26 Nov 2023 | €19.9b | €9.0b | €3.9b | 5.2x | 5.1x | 2.2x |
| Tue, 24 Oct 2023 | €17.7b | €8.3b | €3.3b | 6.1x | 5.3x | 2.1x |
| Thu, 21 Sep 2023 | €16.7b | €8.1b | €3.2b | 5.4x | 5.1x | 2x |
| Sat, 19 Aug 2023 | €18.6b | €8.1b | €3.2b | 6x | 5.7x | 2.3x |
| Mon, 17 Jul 2023 | €19.8b | €8.7b | €3.3b | 6.6x | 6x | 2.3x |
| Wed, 14 Jun 2023 | €18.6b | €8.7b | €3.3b | 6x | 5.7x | 2.1x |
| Fri, 12 May 2023 | €15.6b | €8.6b | €2.9b | 5.2x | 5.3x | 1.8x |
| Sun, 09 Apr 2023 | €14.1b | €8.6b | €3.3b | 4.1x | 4.3x | 1.6x |
| Tue, 07 Mar 2023 | €15.8b | €6.7b | €2.6b | 4.3x | 6.2x | 2.4x |
| Thu, 02 Feb 2023 | €14.2b | €10.6b | €2.5b | 3.9x | 5.7x | 1.3x |
| Sat, 31 Dec 2022 | €11.4b | €10.6b | €2.5b | 3.2x | 4.6x | 1.1x |
Price to Earnings Ratio
4.6x
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 7.8x which is higher than its 3-year average PE of 6.4x.
- The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 21% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Greek Financials industry?
| GR Market | 1.73% | |
| Financials | 2.19% | |
| Banks | 2.27% | |
| Diversified Banks | 2.27% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 6.4x.
- Analysts are expecting annual earnings growth of 13.8%, which is higher than its past year's earnings decline of 5.5% 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 6.4x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 14% over the next 5 years.
- This is better than its past earnings decline of 5.5% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 14% 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 | €3.65 | 6.7% +€528.3m | 131.3% | PB1x | |
| EUROB Eurobank | €3.55 | 2.0% +€246.9m | 59.5% | PB1.3x | |
| ETE National Bank of Greece | €13.34 | 1.6% +€189.8m | 75.7% | PB1.3x |