Gek Terna's (ATH:GEKTERNA) Solid Profits Have Weak Fundamentals
Apr 14
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Greek (ASE) Industrials Sector Analysis
UpdatedMay 06, 2026
DataAggregated Company Financials
Companies27
- 7D1.8%
- 3M-7.3%
- 1Y39.1%
- YTD-0.8%
Over the last 7 days, the Industrials industry has risen 1.8%, driven by gains in Metlen Energy & Metals and Gek Terna of 4.5% and 5.5%, respectively. Meanwhile, Aegean Airlines actually underperformed within the industry, shrinking 5.6% in the last week. This means that the industry has gained 39% over the past year. Looking forward, earnings are forecast to grow by 20% annually.
Sector Valuation and Performance
Has the Greek Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 06 May 2026 | €19.2b | €17.9b | €939.3m | 14.6x | 20.5x | 1.1x |
| Fri, 03 Apr 2026 | €18.0b | €17.7b | €1.1b | 15.6x | 15.8x | 1x |
| Sun, 01 Mar 2026 | €19.2b | €17.7b | €1.2b | 15.6x | 16.5x | 1.1x |
| Tue, 27 Jan 2026 | €19.6b | €17.7b | €1.2b | 15.8x | 16.9x | 1.1x |
| Thu, 25 Dec 2025 | €18.2b | €17.7b | €1.2b | 15.6x | 15.4x | 1x |
| Sat, 22 Nov 2025 | €17.8b | €17.6b | €1.2b | 15x | 15.3x | 1x |
| Mon, 20 Oct 2025 | €17.4b | €17.6b | €1.2b | 14.8x | 14.8x | 1x |
| Wed, 17 Sep 2025 | €18.6b | €17.4b | €1.2b | 17x | 15.3x | 1.1x |
| Fri, 15 Aug 2025 | €19.2b | €15.8b | €1.2b | 16.7x | 15.9x | 1.2x |
| Sun, 13 Jul 2025 | €17.5b | €15.8b | €1.2b | 16.1x | 14.5x | 1.1x |
| Tue, 10 Jun 2025 | €17.1b | €15.8b | €1.2b | 14.5x | 14.2x | 1.1x |
| Thu, 08 May 2025 | €15.9b | €15.6b | €1.3b | 13.1x | 12.7x | 1x |
| Sat, 05 Apr 2025 | €15.0b | €15.3b | €1.4b | 11.4x | 10.8x | 1x |
| Mon, 03 Mar 2025 | €14.8b | €15.2b | €1.4b | 12x | 10.4x | 1x |
| Wed, 29 Jan 2025 | €14.4b | €14.8b | €1.4b | 11.1x | 10x | 1x |
| Fri, 27 Dec 2024 | €13.7b | €14.8b | €1.4b | 10.8x | 9.5x | 0.9x |
| Sun, 24 Nov 2024 | €13.2b | €14.7b | €1.4b | 11x | 9.3x | 0.9x |
| Tue, 22 Oct 2024 | €13.4b | €14.7b | €1.4b | 11.7x | 9.3x | 0.9x |
| Thu, 19 Sep 2024 | €13.1b | €14.2b | €1.4b | 10x | 9.2x | 0.9x |
| Sat, 17 Aug 2024 | €13.4b | €14.1b | €1.5b | 10.1x | 9.1x | 0.9x |
| Mon, 15 Jul 2024 | €14.2b | €14.2b | €1.5b | 10.6x | 9.8x | 1x |
| Wed, 12 Jun 2024 | €14.1b | €14.1b | €1.4b | 10.6x | 9.8x | 1x |
| Fri, 10 May 2024 | €14.7b | €14.1b | €1.5b | 10.6x | 9.9x | 1x |
| Sun, 07 Apr 2024 | €13.9b | €14.6b | €1.4b | 10.9x | 9.7x | 1x |
| Tue, 05 Mar 2024 | €14.4b | €14.5b | €1.4b | 11x | 10x | 1x |
| Thu, 01 Feb 2024 | €11.6b | €14.1b | €1.2b | 10.5x | 9.5x | 0.8x |
| Sat, 30 Dec 2023 | €11.2b | €15.3b | €1.2b | 10.6x | 9.6x | 0.7x |
| Mon, 27 Nov 2023 | €10.8b | €15.3b | €1.2b | 11.2x | 9.3x | 0.7x |
| Wed, 25 Oct 2023 | €10.3b | €15.6b | €1.1b | 10x | 9x | 0.7x |
| Fri, 22 Sep 2023 | €10.4b | €15.8b | €989.5m | 9.9x | 10.5x | 0.7x |
| Sun, 20 Aug 2023 | €10.7b | €15.6b | €935.5m | 11x | 11.5x | 0.7x |
| Tue, 18 Jul 2023 | €10.5b | €15.2b | €836.4m | 10x | 12.6x | 0.7x |
| Thu, 15 Jun 2023 | €9.7b | €15.3b | €828.7m | 9.2x | 11.7x | 0.6x |
| Sat, 13 May 2023 | €8.3b | €15.0b | €774.1m | 8.1x | 10.8x | 0.6x |
Price to Earnings Ratio
10.8x
Current Industry PE
- Investors are optimistic on the Greek Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 20.5x which is higher than its 3-year average PE of 12.0x.
- The 3-year average PS ratio of 0.93x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have grown 6.7% per year over the last three years.
- Revenues for these companies have grown 6.2% 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 Industrials sector?
| GR Market | 0.78% | |
| Industrials | 1.78% | |
| Industrials | 4.37% | |
| Construction | 3.39% | |
| Trade Distributors | 0.12% | |
| Professional Services | 0% | 0 |
| Transportation | 0% | 0 |
| Marine and Shipping | -1.31% | |
| Infrastructure | -1.40% | |
| Logistics | -2.21% | |
| Machinery | -5.04% | |
| Airlines | -5.63% | |
| Commercial Services | -7.29% | |
Industry PE
- Investors are most optimistic about the Commercial Services industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Industrials industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 49% per year.
- In contrast, the Infrastructure industry is expected to see its earnings grow by 3.6% 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 | |
|---|---|---|---|---|---|
| MTLN Metlen Energy & Metals | €37.30 | 8.5% +€417.6m | n/a | PE17x | |
| GEKTERNA Gek Terna | €42.50 | 6.1% +€246.7m | 132.2% | PE30.9x | |
| AKTR Aktor Societe Anonyme Holding Company Technical and Energy Projects | €11.38 | 5.0% +€110.1m | 115.1% | PE128.7x | |
| AVAX Avax | €3.50 | 17.3% +€76.2m | 76.3% | PE10.9x | |
| AIA Athens International Airport | €10.04 | 2.1% +€65.0m | 9.4% | PE15x |