Narrative Update • Jul 24
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Greek (ASE) Tech Sector Analysis
UpdatedAug 19, 2026
DataAggregated Company Financials
Companies17
- 7D0.8%
- 3M7.3%
- 1Y16.6%
- YTD9.1%
The Tech is pretty flat in the last 7 days, but Qualco Group has stood out, gaining 3.4%. The past year has been better, since the industry has gained 17% in that time. As for the next few years, earnings are expected to grow by 30% per annum.
Sector Valuation and Performance
Has the Greek Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 20 Aug 2026 | €2.8b | €3.0b | €103.6m | 37.8x | 27.5x | 1x |
| Sat, 18 Jul 2026 | €2.7b | €3.0b | €103.6m | 34.2x | 26.1x | 0.9x |
| Mon, 15 Jun 2026 | €2.7b | €3.0b | €103.6m | 30.4x | 26.4x | 0.9x |
| Wed, 13 May 2026 | €2.6b | €3.0b | €113.1m | 24.2x | 23.1x | 0.9x |
| Fri, 10 Apr 2026 | €2.4b | €2.9b | €114.0m | 21.9x | 20.8x | 0.8x |
| Sun, 08 Mar 2026 | €2.3b | €2.9b | €111.4m | 21.4x | 20.5x | 0.8x |
| Tue, 03 Feb 2026 | €2.6b | €2.8b | €94.2m | 32.3x | 27.2x | 0.9x |
| Thu, 01 Jan 2026 | €2.5b | €2.8b | €91.8m | 31.6x | 27.7x | 0.9x |
| Sat, 29 Nov 2025 | €2.4b | €2.8b | €94.0m | 29.1x | 25.1x | 0.9x |
| Mon, 27 Oct 2025 | €2.4b | €2.7b | €91.6m | 29.5x | 25.7x | 0.9x |
| Wed, 24 Sep 2025 | €2.3b | €2.8b | €109.7m | 26.3x | 21.1x | 0.8x |
| Fri, 22 Aug 2025 | €2.4b | €2.7b | €109.0m | 26.2x | 22x | 0.9x |
| Sun, 20 Jul 2025 | €2.4b | €2.7b | €109.0m | 26.7x | 22.1x | 0.9x |
| Tue, 17 Jun 2025 | €2.2b | €2.7b | €109.0m | 26x | 20x | 0.8x |
| Thu, 15 May 2025 | €1.8b | €2.7b | €193.1m | 22.9x | 9.3x | 0.7x |
| Sat, 12 Apr 2025 | €1.6b | €2.4b | €179.4m | 15.1x | 8.9x | 0.7x |
| Mon, 10 Mar 2025 | €1.6b | €2.4b | €173.3m | 16.1x | 9.5x | 0.7x |
| Wed, 05 Feb 2025 | €1.6b | €2.4b | €175.6m | 16.1x | 9.1x | 0.7x |
| Fri, 03 Jan 2025 | €1.6b | €2.4b | €176.1m | 14.6x | 9.2x | 0.7x |
| Sun, 01 Dec 2024 | €1.5b | €2.5b | €175.7m | 13.5x | 8.6x | 0.6x |
| Tue, 29 Oct 2024 | €1.6b | €2.4b | €95.3m | 15x | 16.3x | 0.7x |
| Thu, 26 Sep 2024 | €2.2b | €2.4b | €113.9m | 21x | 19.3x | 0.9x |
| Sat, 24 Aug 2024 | €1.8b | €2.3b | €103.6m | 20.2x | 17x | 0.8x |
| Mon, 22 Jul 2024 | €2.4b | €2.3b | €120.4m | 21.3x | 20.1x | 1x |
| Wed, 19 Jun 2024 | €2.4b | €2.3b | €120.4m | 20.8x | 19.8x | 1x |
| Fri, 17 May 2024 | €2.5b | €2.2b | €119.1m | 21.3x | 21x | 1.1x |
| Sun, 14 Apr 2024 | €2.2b | €2.1b | €141.3m | 19.3x | 15.9x | 1.1x |
| Tue, 12 Mar 2024 | €2.4b | €2.0b | €131.8m | 21.2x | 18x | 1.2x |
| Thu, 08 Feb 2024 | €2.2b | €2.0b | €131.8m | 21.5x | 16.5x | 1.1x |
| Sat, 06 Jan 2024 | €2.2b | €2.1b | €135.4m | 19.4x | 16.5x | 1.1x |
| Mon, 04 Dec 2023 | €2.2b | €2.1b | €135.4m | 16.9x | 16.5x | 1.1x |
| Wed, 01 Nov 2023 | €2.1b | €2.1b | €138.5m | 16.6x | 15.2x | 1x |
| Fri, 29 Sep 2023 | €2.1b | €2.0b | €140.3m | 18.9x | 15.1x | 1x |
| Sun, 27 Aug 2023 | €2.3b | €2.0b | €123.6m | 19.3x | 18.9x | 1.2x |
Price to Earnings Ratio
18.9x
Current Industry PE
- Investors are optimistic on the Greek Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 27.5x which is higher than its 3-year average PE of 18.7x.
- The industry is trading close to its 3-year average PS ratio of 0.90x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 5.7% per year over the last three years.
- Meanwhile revenues for these companies have grown 15% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Greek Tech sector?
| GR Market | 0.65% | |
| Tech | 0.78% | |
| Software | 3.90% | |
| Electronic Equipment and Components | 0.40% | |
| Communications | 0% | 0 |
| Tech Hardware | -0.51% | |
| IT | -1.30% | |
Industry PE
- Investors are most optimistic about the Communications 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.
- Investors are most pessimistic about the Electronic Equipment and Components industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.0x.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 55% over the next 5 years.
- This is better than its past earnings growth rate of 10% per year.
- In contrast, the Tech Hardware industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| QLCO Qualco Group | €6.00 | 3.4% +€14.0m | 6.2% | PE1795.6x | |
| SPACE Space Hellas | €9.10 | 12.6% +€6.6m | 20.4% | PE21.2x | |
| REALCONS Real Consulting | €8.12 | 0.5% +€1.2m | 64.7% | PE54.8x | |
| INTET Intertech Inter. Technologies | €1.46 | 7.0% +€800.4k | -12.6% | PS1x | |
| ILYDA Ilyda | €4.19 | 1.0% +€564.4k | 18.7% | PE13.4x |