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Greek (ASE) Banks Industry Analysis

UpdatedMar 27, 2024
DataAggregated Company Financials
Companies6
  • 7D1.1%
  • 3M13.4%
  • 1Y61.8%
  • YTD12.7%

In the last week, Banks has been flat. As for the the longer term, the industry is up 60% over the past 12 months. Looking forward, earnings are forecast to grow by 2.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Mar 2024€23.4b€9.3b€3.8b6.2x6.1x2.5x
Fri, 23 Feb 2024€23.2b€9.1b€3.9b6.3x5.9x2.5x
Sun, 21 Jan 2024€21.2b€9.0b€3.9b5.7x5.5x2.4x
Tue, 19 Dec 2023€19.9b€9.0b€3.9b5.4x5.1x2.2x
Thu, 16 Nov 2023€19.0b€9.0b€3.9b5.1x4.9x2.1x
Sat, 14 Oct 2023€17.3b€8.3b€3.3b5.9x5.2x2.1x
Mon, 11 Sep 2023€18.1b€8.1b€3.2b5.8x5.6x2.2x
Wed, 09 Aug 2023€19.8b€8.1b€3.2b6.4x6.3x2.5x
Fri, 07 Jul 2023€18.5b€8.7b€3.3b6x5.6x2.1x
Sun, 04 Jun 2023€17.5b€8.7b€3.3b5.7x5.3x2x
Tue, 02 May 2023€14.4b€8.9b€3.3b4.2x4.4x1.6x
Thu, 30 Mar 2023€13.6b€8.6b€3.3b4x4.1x1.6x
Sat, 25 Feb 2023€16.2b€10.6b€2.5b4.3x6.5x1.5x
Mon, 23 Jan 2023€13.0b€10.6b€2.5b3.6x5.2x1.2x
Wed, 21 Dec 2022€11.3b€10.6b€2.5b3.2x4.6x1.1x
Fri, 18 Nov 2022€11.2b€10.6b€2.5b3.2x4.5x1.1x
Sun, 16 Oct 2022€10.1b€6.8b€1.4b5.5x7.3x1.5x
Tue, 13 Sep 2022€10.1b€6.7b€1.4b5.4x7.3x1.5x
Thu, 11 Aug 2022€7.8b€6.1b€1.7b5.3x4.6x1.3x
Sat, 09 Jul 2022€6.7b€6.1b-€1,157,000,000.006.3x-5.8x1.1x
Mon, 06 Jun 2022€8.7b€6.1b-€1,157,000,000.007.9x-7.5x1.4x
Wed, 04 May 2022€8.6b€5.3b-€1,896,000,000.007.6x-4.5x1.6x
Fri, 01 Apr 2022€8.8b€5.3b-€1,896,000,000.008x-4.6x1.6x
Sun, 27 Feb 2022€7.3b€3.2b€736.0m26.5x10x2.3x
Tue, 25 Jan 2022€6.4b€3.2b€736.0m23.5x8.7x2x
Thu, 23 Dec 2021€5.9b€3.2b€736.0m21.7x8.1x1.9x
Sat, 20 Nov 2021€6.2b€3.2b€727.0m14.9x8.6x2x
Mon, 18 Oct 2021€5.6b€3.2b€727.0m13.3x7.7x1.7x
Wed, 15 Sep 2021€5.4b€3.2b€727.0m12.9x7.5x1.7x
Fri, 13 Aug 2021€5.2b€3.2b€727.0m12.2x7.1x1.6x
Tue, 08 Jun 2021€8.8b€3.8b-€1,586,898,000.003.9x-5.6x2.3x
Price to Earnings Ratio

-4.2x


Total Market Cap: €6.7bTotal Earnings: -€1,586,898,000.00Total Revenue: €3.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Greek Banks Industry Price to Earnings3Y Average 3.8x202220232024
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 6.1x which is higher than its 3-year average PE of 3.8x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.5x.
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 35% 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 Market1.14%
Financials1.06%
Banks1.07%
Diversified Banks1.07%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 3.8x.
    • Analysts are expecting annual earnings growth of 2.3%, which is lower than the prior year's growth of 24.3% 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 3.8x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 2.3% over the next 5 years.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 2.3% 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
ETE National Bank of Greece€7.452.1%
+€137.2m
70.9%PB0.9x
TPEIR Piraeus Financial Holdings€3.882.5%
+€119.7m
104.3%PB0.7x
OPTIMA Optima bank€7.963.4%
+€19.2m
n/aPB1.2x
TATT Attica Bank€11.351.3%
+€7.5m
-13.4%PB1.3x
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Latest News

ETE

€7.45

National Bank of Greece

7D

2.1%

1Y

70.9%

TPEIR

€3.88

Piraeus Financial Holdings

7D

2.5%

1Y

104.3%

OPTIMA

€7.96

Optima bank

7D

3.4%

1Y

n/a

TATT

€11.35

Attica Bank

7D

1.3%

1Y

-13.4%

ALPHA

€1.67

Alpha Services and Holdings

7D

-0.9%

1Y

54.6%