Analysis Article • May 11
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Greek (ASE) Real Estate Sector Analysis
UpdatedJul 14, 2026
DataAggregated Company Financials
Companies11
- 7D-3.3%
- 3M-18.7%
- 1Y-16.8%
- YTD-21.3%
Over the last 7 days, the Real Estate industry has dropped 3.3%, driven by a pullback from Prodea Real Estate Investment Company Société Anonyme of 8.3%. The industry has fallen 17% in the last year. In the next few years, earnings are forecast to decline by 1.9% annually.
Sector Valuation and Performance
Has the Greek Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 14 Jul 2026 | €3.6b | €1.1b | €332.8m | 9.1x | 10.9x | 3.3x |
| Thu, 11 Jun 2026 | €4.2b | €1.1b | €339.5m | 9.1x | 12.4x | 4x |
| Sat, 09 May 2026 | €4.2b | €1.0b | €338.3m | 8.7x | 12.6x | 4x |
| Mon, 06 Apr 2026 | €4.1b | €1.0b | €472.4m | 8x | 8.6x | 3.9x |
| Wed, 04 Mar 2026 | €4.0b | €1.2b | €545.5m | 8x | 7.3x | 3.4x |
| Fri, 30 Jan 2026 | €4.4b | €1.2b | €532.1m | 8.8x | 8.3x | 3.8x |
| Sun, 28 Dec 2025 | €4.3b | €1.2b | €535.5m | 8.5x | 8.1x | 3.6x |
| Tue, 25 Nov 2025 | €4.3b | €1.2b | €551.9m | 8.2x | 7.8x | 3.6x |
| Thu, 23 Oct 2025 | €4.3b | €1.2b | €551.9m | 7.9x | 7.8x | 3.6x |
| Sat, 20 Sep 2025 | €4.4b | €1.2b | €534.4m | 8x | 8.2x | 3.8x |
| Mon, 18 Aug 2025 | €4.3b | €1.1b | €377.2m | 9.1x | 11.3x | 4x |
| Wed, 16 Jul 2025 | €4.1b | €1.1b | €381.6m | 8.6x | 10.8x | 3.9x |
| Fri, 13 Jun 2025 | €4.2b | €1.1b | €381.6m | 8.6x | 10.9x | 3.9x |
| Sun, 11 May 2025 | €4.1b | €1.1b | €388.7m | 8.5x | 10.5x | 3.7x |
| Tue, 08 Apr 2025 | €3.8b | €1.1b | €343.1m | 8.2x | 11.1x | 3.6x |
| Thu, 06 Mar 2025 | €3.8b | €969.8m | €273.5m | 8.1x | 14x | 3.9x |
| Sat, 01 Feb 2025 | €3.9b | €969.8m | €273.5m | 8x | 14.3x | 4x |
| Mon, 30 Dec 2024 | €4.0b | €973.7m | €274.6m | 12x | 14.7x | 4.2x |
| Wed, 27 Nov 2024 | €3.9b | €973.7m | €274.6m | 11.8x | 14.2x | 4x |
| Fri, 25 Oct 2024 | €4.1b | €868.7m | €181.8m | 12.3x | 22.8x | 4.8x |
| Sun, 22 Sep 2024 | €4.3b | €831.0m | €167.1m | 14.2x | 25.7x | 5.2x |
| Tue, 20 Aug 2024 | €4.2b | €810.2m | €227.5m | 17.9x | 18.6x | 5.2x |
| Thu, 18 Jul 2024 | €4.3b | €807.2m | €222.0m | 17.4x | 19.2x | 5.3x |
| Sat, 15 Jun 2024 | €4.4b | €816.9m | €276.0m | 13.4x | 16x | 5.4x |
| Mon, 13 May 2024 | €4.2b | €719.9m | €204.9m | 22.9x | 20.6x | 5.9x |
| Wed, 10 Apr 2024 | €4.1b | €564.3m | €217.7m | 16x | 18.6x | 7.2x |
| Fri, 08 Mar 2024 | €4.1b | €538.6m | €162.8m | 23x | 25.4x | 7.7x |
| Sun, 04 Feb 2024 | €4.3b | €563.8m | €193.1m | 18.9x | 22.3x | 7.6x |
| Tue, 02 Jan 2024 | €4.3b | €563.8m | €193.0m | 18.9x | 22.2x | 7.6x |
| Thu, 30 Nov 2023 | €4.1b | €556.8m | €186.8m | 20.5x | 22.1x | 7.4x |
| Sat, 28 Oct 2023 | €3.8b | €516.0m | €178.5m | 20.4x | 21x | 7.3x |
| Mon, 25 Sep 2023 | €3.7b | €438.0m | €154.3m | 10.2x | 23.8x | 8.4x |
| Wed, 23 Aug 2023 | €3.9b | €437.4m | €155.6m | 10.1x | 25.1x | 8.9x |
| Fri, 21 Jul 2023 | €4.1b | €437.5m | €144.5m | 14.6x | 28.1x | 9.3x |
Price to Earnings Ratio
28.1x
Current Industry PE
- Investors are pessimistic on the Greek Real Estate 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 10.9x which is lower than its 3-year average PE of 15.8x.
- The 3-year average PS ratio of 5.2x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 32% per year over the last three years.
- Revenues for these companies have grown 35% 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 Real Estate sector?
| GR Market | -1.85% | |
| Real Estate | -3.32% | |
| Retail REITs | 0.40% | |
| Real Estate | -3.22% | |
| REITS | -3.92% | |
Industry PE
- Investors are most optimistic about the REITS industry, which is trading close to its 3-year average PE ratio of 13.8x.
- Analysts are expecting annual earnings decline of 0.4%, which is less than its past year's earnings decline of 11.1%.
- Investors are most pessimistic about the Retail REITs industry, which is trading below its 3-year average of 21.0x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the REITS industry since they expect its earnings to decline by only 0.4% per year over the next 5 years, which isn't as bad as the other industries.
- In contrast, the Real Estate industry is expected to see its earnings decline by 3.0% 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 | |
|---|---|---|---|---|---|
| NOVAL Noval Property Real Estate Investment | €2.57 | 0.8% +€2.5m | -1.5% | PB0.6x | |
| BRIQ BriQ Properties Real Estate Investment | €3.17 | 1.0% +€1.4m | 5.7% | PB0.9x |