Getting In Cheap On Quality & Reliability A.B.E.E. (ATH:QUAL) Is Unlikely
Dec 16
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Greek (ASE) IT Industry Analysis
UpdatedDec 18, 2025
DataAggregated Company Financials
Companies7
- 7D4.6%
- 3M15.8%
- 1Y50.8%
- YTD45.2%
Over the last 7 days, the IT industry has risen 5.0%, driven by gains from Performance Technologies of 18%. Meanwhile, Quality & ReliabilityE.E actually underperformed within the industry, shrinking 9.8% in the last week. This takes the industry's 12 month performance to a gain of 51%. Looking forward, earnings are forecast to grow by 37% annually.
Industry Valuation and Performance
Has the Greek IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Dec 2025 | €438.2m | €294.6m | €12.8m | 26x | 34.2x | 1.5x |
| Sat, 15 Nov 2025 | €408.9m | €294.6m | €12.8m | 25.5x | 31.9x | 1.4x |
| Mon, 13 Oct 2025 | €410.6m | €294.6m | €12.8m | 27.1x | 32.1x | 1.4x |
| Wed, 10 Sep 2025 | €371.3m | €289.9m | €11.4m | 27.1x | 32.5x | 1.3x |
| Fri, 08 Aug 2025 | €370.0m | €289.9m | €11.4m | 26.4x | 32.4x | 1.3x |
| Sun, 06 Jul 2025 | €348.5m | €289.9m | €11.4m | 20.9x | 30.5x | 1.2x |
| Tue, 03 Jun 2025 | €338.1m | €289.9m | €11.4m | 21.9x | 29.6x | 1.2x |
| Thu, 01 May 2025 | €316.0m | €259.7m | €11.4m | 12.8x | 27.6x | 1.2x |
| Sat, 29 Mar 2025 | €324.7m | €253.1m | €10.8m | 14x | 30.1x | 1.3x |
| Mon, 24 Feb 2025 | €301.5m | €253.1m | €10.8m | 13.9x | 27.9x | 1.2x |
| Wed, 22 Jan 2025 | €299.3m | €253.1m | €10.8m | 14.3x | 27.7x | 1.2x |
| Fri, 20 Dec 2024 | €290.7m | €253.1m | €10.8m | 14.2x | 26.9x | 1.1x |
| Sun, 17 Nov 2024 | €287.4m | €253.1m | €10.8m | 14.4x | 26.6x | 1.1x |
| Tue, 15 Oct 2024 | €305.7m | €253.1m | €10.8m | 15.6x | 28.3x | 1.2x |
| Thu, 12 Sep 2024 | €312.8m | €221.2m | €12.2m | 14.7x | 25.7x | 1.4x |
| Sat, 10 Aug 2024 | €299.7m | €221.2m | €12.2m | 14.5x | 24.6x | 1.4x |
| Mon, 08 Jul 2024 | €305.6m | €221.2m | €12.2m | 15.2x | 25.1x | 1.4x |
| Wed, 05 Jun 2024 | €302.1m | €221.2m | €12.2m | 15.1x | 24.8x | 1.4x |
| Fri, 03 May 2024 | €295.8m | €217.5m | €11.3m | 10.3x | 26.2x | 1.4x |
| Sun, 31 Mar 2024 | €286.7m | €198.3m | €10.1m | 11.9x | 28.5x | 1.4x |
| Tue, 27 Feb 2024 | €247.3m | €198.3m | €10.1m | 11.5x | 24.6x | 1.2x |
| Thu, 25 Jan 2024 | €290.8m | €242.7m | €13.6m | 13.6x | 21.3x | 1.2x |
| Sat, 23 Dec 2023 | €272.6m | €242.7m | €13.6m | 13.3x | 20x | 1.1x |
| Mon, 20 Nov 2023 | €257.1m | €242.7m | €13.6m | 12.8x | 18.9x | 1.1x |
| Wed, 18 Oct 2023 | €240.2m | €242.7m | €13.6m | 12x | 17.6x | 1x |
| Fri, 15 Sep 2023 | €268.5m | €226.1m | €13.5m | 15.5x | 19.8x | 1.2x |
| Sun, 13 Aug 2023 | €278.5m | €224.5m | €13.5m | 13.6x | 20.6x | 1.2x |
| Tue, 11 Jul 2023 | €253.3m | €224.1m | €12.5m | 16.1x | 20.2x | 1.1x |
| Thu, 08 Jun 2023 | €242.0m | €224.1m | €12.5m | 16.4x | 19.3x | 1.1x |
| Sat, 06 May 2023 | €216.1m | €215.6m | €12.8m | 15x | 16.9x | 1x |
| Mon, 03 Apr 2023 | €215.2m | €209.9m | €12.9m | 14.5x | 16.6x | 1x |
| Wed, 01 Mar 2023 | €218.3m | €209.9m | €12.9m | 14.5x | 16.9x | 1x |
| Fri, 27 Jan 2023 | €217.2m | €209.9m | €12.9m | 14.7x | 16.8x | 1x |
| Sun, 25 Dec 2022 | €203.3m | €209.9m | €12.9m | 14x | 15.7x | 1x |
Price to Earnings Ratio
15.7x
Current Industry PE
- Investors are optimistic on the Greek IT industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 34.1x which is higher than its 3-year average PE of 24.5x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the IT industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 12% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Greek Tech industry?
| GR Market | 0.0079% | |
| Tech | 1.03% | |
| IT | 4.56% | |
| IT Consulting | 4.56% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 24.5x.
- Analysts are expecting annual earnings growth of 37.3%, which is higher than its past year's earnings decline of 30.2% per year.
- Investors are most pessimistic about the IT Consulting industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 24.5x.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 37% 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 | |
|---|---|---|---|---|---|
| PERF Performance Technologies | €8.30 | 17.2% +€17.1m | 51.7% | PE19.6x | |
| SPACE Space Hellas | €7.60 | 4.7% +€2.2m | 31.0% | PE26x | |
| EIS European Innovation Solutions | €2.06 | 7.1% +€2.1m | 73.4% | PE18.9x | |
| SOFTWEB SOFTWeb Adaptive I.T. Solutions | €2.80 | 15.2% +€1.9m | 62.3% | n/a |