Greek (ASE) Tech Sector Analysis

Sector Valuation and Performance

Has the Greek Tech Sector valuation changed over the past few years?

Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 26.8x which is higher than its 3-year average PE of 20.4x. It appears they are confident that earnings will grow faster in the future than they have historically.

Past Earnings Growth: The earnings for companies in the Information Technology industry have grown 41% per year over the last three years, and revenues for these companies have grown 18% 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 Tech sector?

Industry PE: Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 23.4x. However analysts are expecting annual earnings growth of 23%, which is lower than the prior year's growth of 169% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the IT industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 19.3x.

Forecasted Growth: Analysts are most optimistic on the Software industry, expecting annual earnings growth of 23% over the next 5 years. However this is lower than its past earnings growth rate of 169% per year. Meanwhile, the Electronic Equipment and Components industry is expected to see its earnings grow by 5.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?