Greek (ASE) Capital Markets Industry Analysis

Industry Valuation and Performance

Has the Greek Capital Markets Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 25 Jun 2026	€758.4m	€154.2m	€63.4m	13.5x	12x	4.9x
Sat, 23 May 2026	€742.9m	€153.9m	€63.4m	13.3x	11.7x	4.8x
Mon, 20 Apr 2026	€823.0m	€159.5m	€68.9m	13.2x	11.9x	5.2x
Wed, 18 Mar 2026	€776.1m	€153.5m	€61.7m	15.8x	12.6x	5.1x
Fri, 13 Feb 2026	€728.4m	€153.5m	€61.7m	14.8x	11.8x	4.7x
Sun, 11 Jan 2026	€735.0m	€153.5m	€61.7m	14.7x	11.9x	4.8x
Tue, 09 Dec 2025	€738.4m	€153.5m	€61.7m	14.8x	12x	4.8x
Thu, 06 Nov 2025	€720.9m	€136.3m	€52.2m	16.8x	13.8x	5.3x
Sat, 04 Oct 2025	€736.6m	€136.5m	€52.4m	13.6x	14x	5.4x
Mon, 01 Sep 2025	€758.9m	€176.8m	€96.1m	17.4x	7.9x	4.3x
Wed, 30 Jul 2025	€778.6m	€176.8m	€96.1m	17.3x	8.1x	4.4x
Fri, 27 Jun 2025	€695.2m	€172.2m	€93.3m	16.6x	7.4x	4x
Sun, 25 May 2025	€681.4m	€170.0m	€92.0m	16.8x	7.4x	4x
Tue, 22 Apr 2025	€648.5m	€161.9m	€92.0m	16.9x	7x	4x
Thu, 20 Mar 2025	€660.4m	€158.3m	€88.9m	16.7x	7.4x	4.2x
Sat, 15 Feb 2025	€640.6m	€155.3m	€87.1m	17.2x	7.4x	4.1x
Mon, 13 Jan 2025	€626.9m	€155.3m	€87.1m	16.8x	7.2x	4x
Wed, 11 Dec 2024	€610.9m	€155.3m	€87.1m	16.3x	7x	3.9x
Fri, 08 Nov 2024	€610.3m	€153.8m	€86.3m	16.4x	7.1x	4x
Sun, 06 Oct 2024	€614.3m	€153.8m	€86.3m	16.4x	7.1x	4x
Tue, 03 Sep 2024	€612.6m	€105.9m	€40.3m	16.7x	15.2x	5.8x
Thu, 01 Aug 2024	€620.6m	€105.9m	€40.3m	17.2x	15.4x	5.9x
Sat, 29 Jun 2024	€611.9m	€103.9m	€38.5m	17.4x	15.9x	5.9x
Mon, 27 May 2024	€636.0m	€97.9m	€35.2m	18.4x	18.1x	6.5x
Wed, 24 Apr 2024	€634.4m	€88.7m	€26.6m	21.9x	23.8x	7.2x
Fri, 22 Mar 2024	€649.9m	€85.5m	€25.9m	23x	25.1x	7.6x
Sun, 18 Feb 2024	€678.1m	€69.5m	€13.2m	29.4x	51.6x	9.8x
Tue, 16 Jan 2024	€602.6m	€69.5m	€13.2m	28.7x	45.8x	8.7x
Thu, 14 Dec 2023	€719.0m	€70.4m	€13.4m	27x	53.5x	10.2x
Sat, 11 Nov 2023	€573.5m	€68.7m	€11.8m	28.4x	48.4x	8.3x
Mon, 09 Oct 2023	€535.7m	€68.7m	€11.8m	27.7x	45.2x	7.8x
Wed, 06 Sep 2023	€566.1m	€68.4m	€11.6m	36x	48.7x	8.3x
Fri, 04 Aug 2023	€580.2m	€67.7m	€10.9m	36.6x	53.4x	8.6x
Sun, 02 Jul 2023	€558.3m	€67.9m	€11.8m	27.7x	47.1x	8.2x

Current Industry PE

Investors are pessimistic on the Greek Capital Markets industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 12.0x which is lower than its 3-year average PE of 20.6x.

The 3-year average PS ratio of 5.8x is higher than the industry's current PS ratio of 4.9x.

Past Earnings Growth

The earnings for companies in the Capital Markets industry have grown 75% per year over the last three years.
Revenues for these companies have grown 31% 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	-0.23%
Financials	-1.69%
Capital Markets	0.25%
Financial Exchanges and Data	1.08%
Investment Banking and Brokerage	0%	0
Asset Management	-0.80%

Industry PE

Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 20.8x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading below its 3-year average of 26.1x.

Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Company	Last Price	7D	1Y	Valuation
EXAE Euronext Athens Holding	€7.59	1.2% +€5.2m	24.4%	PE13.9x
ATRUST Alpha Trust Holdings	€20.00	0.5% +€311.7k	143.3%	PE13.4x
CNLCAP Cnl Capital E.K.E.S. - AIFM	€7.00	2.9% +€147.0k	5.3%	PE26.7x

Company

Last Price

Valuation

EXAE Euronext Athens Holding

€7.59

1.2%
+€5.2m

24.4%

PE13.9x

ATRUST Alpha Trust Holdings

€20.00

0.5%
+€311.7k

143.3%

PE13.4x

CNLCAP Cnl Capital E.K.E.S. - AIFM

€7.00

2.9%
+€147.0k

5.3%

PE26.7x

Alpha Bank S.A. (ATSE:ALPHA) intends to launch a voluntary tender offer to acquire 30.39% stake in Alpha Trust Holdings S.A. (ATSE:ATRUST) for €19.3 million.

Alpha Bank S.A. (ATSE:ALPHA) intends to launch a voluntary tender offer to acquire 30.39% stake in Alpha Trust Holdings S.A. (ATSE:ATRUST) for €19.3 million on April 7, 2026. The consideration of €20.2 in cash per share will be paid by Alpha Bank S.A. In related transaction, Alpha Bank entered into definitive share purchase agreements with certain shareholders of Alpha Trust for acquisition of 69.61% stake. Following completion of the Transaction and tender offer, Alpha Trust’s wealth management activities are expected to be integrated into Alpha Bank’s Private Banking division, further strengthening Alpha Bank’s client coverage capabilities and supporting the delivery of a comprehensive range of wealth management services to high net worth and institutional clients both within Greece and abroad. As part of the Transaction, Alpha Trust’s senior management, including its Founder and its CEO, are expected to remain engaged with the Bank in long-term leadership roles, ensuring continuity, supporting the integration and active involvement in the development and implementation by the Group of its asset management and wealth management local and international business strategy. Following the completion of the Tender Offer and provided that the Offeror and the Persons acting in Concert hold in aggregate Shares corresponding to at least 90% of the total number of voting rights in the Company, the Offeror shall exercise its squeeze - out rights. The transaction is subject to approval by regulatory board / committee and minimum tender. The transaction is expected to complete by end of second quarter of 2026. Axia Ventures Group Ltd. acted as financial advisor to Alpha Bank S.A. Q.A.S. Certified Auditors Accountants LTD acted as accountant to Alpha Bank S.A.

Greek (ASE) Capital Markets Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Upcoming dividend of €0.11 per share

New major risk - Revenue size

New minor risk - Financial data availability

Alpha Bank S.A. (ATSE:ALPHA) intends to launch a voluntary tender offer to acquire 30.39% stake in Alpha Trust Holdings S.A. (ATSE:ATRUST) for €19.3 million.