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Dec 08
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Greek (ASE) Software Industry Analysis
UpdatedDec 26, 2025
DataAggregated Company Financials
Companies4
- 7D1.6%
- 3M18.8%
- 1Y79.4%
- YTD27.1%
The Software is pretty flat in the last 7 days, but Qualco Group has stood out, gaining 3.5%. The past year has been better, since the industry has gained 78% in that time. As for the next few years, earnings are expected to grow by 43% per annum.
Industry Valuation and Performance
Has the Greek Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Dec 2025 | €743.9m | €254.3m | €14.9m | 32x | 50x | 2.9x |
| Sun, 23 Nov 2025 | €634.7m | €254.3m | €14.9m | 30.8x | 42.6x | 2.5x |
| Tue, 21 Oct 2025 | €646.0m | €254.3m | €14.9m | 29.1x | 43.4x | 2.5x |
| Thu, 18 Sep 2025 | €627.7m | €234.3m | €24.9m | 29x | 25.2x | 2.7x |
| Sat, 16 Aug 2025 | €637.0m | €234.3m | €24.9m | 29.4x | 25.6x | 2.7x |
| Mon, 14 Jul 2025 | €629.2m | €234.3m | €24.9m | 28.9x | 25.3x | 2.7x |
| Wed, 11 Jun 2025 | €615.4m | €234.3m | €24.9m | 27.1x | 24.7x | 2.6x |
| Fri, 09 May 2025 | €175.4m | €47.5m | €7.0m | 27.2x | 25.2x | 3.7x |
| Sun, 06 Apr 2025 | €157.9m | €47.4m | €6.8m | 22.8x | 23.1x | 3.3x |
| Tue, 04 Mar 2025 | €156.0m | €40.4m | €6.2m | 25.5x | 25.4x | 3.9x |
| Thu, 30 Jan 2025 | €159.6m | €40.4m | €6.2m | 26.1x | 26x | 3.9x |
| Sat, 28 Dec 2024 | €154.2m | €41.2m | €6.7m | 26.3x | 23.2x | 3.7x |
| Mon, 25 Nov 2024 | €147.3m | €41.2m | €6.7m | 25.6x | 22.1x | 3.6x |
| Wed, 23 Oct 2024 | €150.1m | €41.2m | €6.7m | 25.9x | 22.6x | 3.6x |
| Fri, 20 Sep 2024 | €803.0m | €130.5m | €23.5m | 34.7x | 34.2x | 6.2x |
| Sun, 18 Aug 2024 | €1.0b | €171.5m | €31.0m | 31.8x | 33.4x | 6x |
| Tue, 16 Jul 2024 | €1.0b | €168.4m | €31.2m | 32.1x | 33.2x | 6.2x |
| Thu, 13 Jun 2024 | €1.0b | €168.4m | €31.2m | 30.6x | 32.8x | 6.1x |
| Sat, 11 May 2024 | €1.0b | €168.6m | €30.8m | 32.4x | 33.2x | 6.1x |
| Mon, 08 Apr 2024 | €854.0m | €154.9m | €33.6m | 28.1x | 25.4x | 5.5x |
| Wed, 06 Mar 2024 | €945.4m | €154.9m | €33.6m | 31.3x | 28.1x | 6.1x |
| Fri, 02 Feb 2024 | €808.2m | €154.9m | €33.6m | 26x | 24x | 5.2x |
| Sun, 31 Dec 2023 | €829.5m | €154.9m | €33.6m | 26.4x | 24.7x | 5.4x |
| Tue, 28 Nov 2023 | €834.1m | €154.9m | €33.6m | 25.7x | 24.8x | 5.4x |
| Thu, 26 Oct 2023 | €793.1m | €154.9m | €33.6m | 23.7x | 23.6x | 5.1x |
| Sat, 23 Sep 2023 | €777.2m | €141.5m | €28.5m | 28.9x | 27.3x | 5.5x |
| Mon, 21 Aug 2023 | €849.9m | €141.5m | €28.5m | 31.5x | 29.8x | 6x |
| Wed, 19 Jul 2023 | €802.8m | €137.0m | €27.4m | 30.1x | 29.3x | 5.9x |
| Fri, 16 Jun 2023 | €704.2m | €137.0m | €27.4m | 26.1x | 25.7x | 5.1x |
| Sun, 14 May 2023 | €660.1m | €136.9m | €27.3m | 23.2x | 24.2x | 4.8x |
| Tue, 11 Apr 2023 | €602.6m | €122.8m | €21.9m | 23.3x | 27.5x | 4.9x |
| Thu, 09 Mar 2023 | €624.4m | €119.2m | €21.3m | 24.1x | 29.3x | 5.2x |
| Sat, 04 Feb 2023 | €587.8m | €119.2m | €21.3m | 25.7x | 27.6x | 4.9x |
| Mon, 02 Jan 2023 | €546.8m | €119.2m | €21.3m | 23.9x | 25.6x | 4.6x |
Price to Earnings Ratio
25.6x
Current Industry PE
- Investors are optimistic on the Greek Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 49.2x which is higher than its 3-year average PE of 27.9x.
- The 3-year average PS ratio of 4.5x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 11% per year over the last three years.
- Meanwhile revenues for these companies have grown 29% 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 industry?
| GR Market | 0.84% | |
| Tech | 1.23% | |
| Software | 1.63% | |
| Application Software | 1.73% | |
| Systems Software | 0.82% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 30.0x.
- Analysts are expecting annual earnings growth of 42.8%, which is higher than its past year's earnings decline of 25.8% per year.
- Investors are most pessimistic about the Systems Software industry, which is trading below its 3-year average of 22.1x.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 43% over the next 5 years.
- This is better than its past earnings decline of 26% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 43% 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 | €6.65 | 1.6% +€7.4m | n/a | PE110.3x | |
| PROF Profile Systems & Software | €8.04 | 2.0% +€3.9m | 52.6% | PE32.5x | |
| ILYDA Ilyda | €5.02 | 0.8% +€564.4k | 280.3% | PE16.6x | |
| LOGISMOS Logismos Information Systems | €2.18 | 0.9% +€94.4k | 41.6% | PE31.5x |
