LAMDA Development's (ATH:LAMDA) Solid Profits Have Weak Fundamentals
Dec 25
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Greek (ASE) Real Estate Sector Analysis
UpdatedJan 11, 2026
DataAggregated Company Financials
Companies11
- 7D-0.3%
- 3M-0.05%
- 1Y2.1%
- YTD-0.3%
In the last week, Real Estate has been flat. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 9.5% 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 |
|---|---|---|---|---|---|---|
| Sun, 11 Jan 2026 | €4.4b | €1.2b | €532.1m | 8.6x | 8.2x | 3.7x |
| Tue, 09 Dec 2025 | €4.3b | €1.2b | €551.9m | 8.4x | 7.8x | 3.6x |
| Thu, 06 Nov 2025 | €4.3b | €1.2b | €551.9m | 8x | 7.8x | 3.6x |
| Sat, 04 Oct 2025 | €4.5b | €1.2b | €533.4m | 8.1x | 8.4x | 3.8x |
| Mon, 01 Sep 2025 | €4.4b | €1.1b | €377.2m | 9.3x | 11.7x | 4.2x |
| Wed, 30 Jul 2025 | €4.2b | €1.1b | €381.6m | 8.9x | 11x | 4x |
| Fri, 27 Jun 2025 | €4.1b | €1.1b | €381.6m | 8.6x | 10.8x | 3.9x |
| Sun, 25 May 2025 | €4.1b | €1.1b | €392.4m | 8.5x | 10.4x | 3.7x |
| Tue, 22 Apr 2025 | €4.0b | €1.1b | €388.8m | 8.4x | 10.2x | 3.7x |
| Thu, 20 Mar 2025 | €3.8b | €971.6m | €277.6m | 8.4x | 13.8x | 3.9x |
| Sat, 15 Feb 2025 | €4.0b | €969.8m | €273.5m | 8.3x | 14.5x | 4.1x |
| Mon, 13 Jan 2025 | €4.0b | €969.8m | €273.5m | 8.1x | 14.6x | 4.1x |
| Wed, 11 Dec 2024 | €4.1b | €973.7m | €274.6m | 11.9x | 15x | 4.2x |
| Fri, 08 Nov 2024 | €4.0b | €913.3m | €245.5m | 9.1x | 16.1x | 4.3x |
| Sun, 06 Oct 2024 | €4.2b | €868.7m | €181.8m | 12.5x | 22.9x | 4.8x |
| Tue, 03 Sep 2024 | €4.3b | €810.2m | €227.5m | 17.6x | 18.7x | 5.2x |
| Thu, 01 Aug 2024 | €4.3b | €807.2m | €222.0m | 17.4x | 19.5x | 5.4x |
| Sat, 29 Jun 2024 | €4.3b | €807.2m | €222.0m | 17.8x | 19.2x | 5.3x |
| Mon, 27 May 2024 | €4.2b | €723.5m | €205.7m | 22.9x | 20.2x | 5.8x |
| Wed, 24 Apr 2024 | €4.2b | €564.6m | €218.8m | 13.8x | 19.3x | 7.5x |
| Fri, 22 Mar 2024 | €4.1b | €565.5m | €200.5m | 18.9x | 20.7x | 7.3x |
| Sun, 18 Feb 2024 | €4.2b | €538.1m | €169.0m | 23.4x | 24.7x | 7.7x |
| Tue, 16 Jan 2024 | €4.3b | €563.8m | €193.1m | 18.9x | 22.5x | 7.7x |
| Thu, 14 Dec 2023 | €4.1b | €556.8m | €186.8m | 20.1x | 22.2x | 7.4x |
| Sat, 11 Nov 2023 | €4.0b | €516.3m | €178.2m | 20.4x | 22.5x | 7.8x |
| Mon, 09 Oct 2023 | €3.7b | €457.0m | €124.2m | 18.5x | 30x | 8.1x |
| Wed, 06 Sep 2023 | €3.8b | €437.8m | €156.0m | 10.1x | 24.5x | 8.7x |
| Fri, 04 Aug 2023 | €4.0b | €438.2m | €155.8m | 10.5x | 25.9x | 9.2x |
| Sun, 02 Jul 2023 | €4.1b | €442.3m | €146.1m | 15.2x | 27.7x | 9.2x |
| Tue, 30 May 2023 | €4.0b | €385.2m | €117.7m | 15.2x | 33.9x | 10.4x |
| Thu, 27 Apr 2023 | €4.0b | €384.2m | €116.2m | 16.3x | 34x | 10.3x |
| Sat, 25 Mar 2023 | €4.0b | €320.4m | €146.9m | 10.4x | 27.3x | 12.5x |
| Mon, 20 Feb 2023 | €4.2b | €328.3m | €150.3m | 14.7x | 28.2x | 12.9x |
| Wed, 18 Jan 2023 | €4.1b | €328.3m | €150.3m | 14.3x | 27x | 12.4x |
Price to Earnings Ratio
27x
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 8.2x which is lower than its 3-year average PE of 19.0x.
- The 3-year average PS ratio of 6.4x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 52% per year over the last three years.
- Revenues for these companies have grown 53% 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 | 1.95% | |
| Real Estate | -0.26% | |
| Retail REITs | 0.51% | |
| Real Estate | 0.50% | |
| REITS | -0.88% | |
Industry PE
- Investors are most optimistic about the Retail REITs industry even though it's trading below its 3-year average PE ratio of 23.4x.
- Analysts are expecting annual earnings growth of 7.0%, which is higher than its past year's earnings decline of 32.8% per year.
- Investors are most pessimistic about the Real Estate industry, which is trading close to its 3-year average of 6.8x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 125% per year.
- In contrast, the REITS industry is expected to see its earnings decline by 7.0% 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 | |
|---|---|---|---|---|---|
| LAMDA LAMDA Development | €7.25 | 0.7% +€8.2m | 0.4% | PE7x | |
| KEKR Kekrops | €2.29 | 9.0% +€3.8m | 72.2% | PS8.1x | |
| BRIQ BriQ Properties Real Estate Investment | €3.05 | 2.3% +€3.3m | 41.9% | PB0.9x | |
| NOVAL Noval Property Real Estate Investment | €2.87 | 0.3% +€1.3m | 20.3% | PB0.7x | |
| TRESTATES Trade Estates REIC | €1.98 | 0.5% +€1.2m | 21.0% | PB0.8x |