We Think Thessaloniki Water Supply & Sewerage Co's (ATH:EYAPS) Healthy Earnings Might Be Conservative
Nov 16
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Greek (ASE) Water Industry Analysis
UpdatedDec 17, 2025
DataAggregated Company Financials
Companies2
- 7D4.8%
- 3M8.6%
- 1Y31.0%
- YTDn/a
In the last week, the Water industry is up 5.1%, with all of the companies up. This means that the industry has gained 33% over the past year.
Industry Valuation and Performance
Has the Greek Water Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 17 Dec 2025 | €974.2m | €459.2m | €5.1m | 24.3x | 189.5x | 2.1x |
| Fri, 14 Nov 2025 | €870.2m | €459.2m | €5.1m | 22.2x | 171.7x | 1.9x |
| Sun, 12 Oct 2025 | €820.1m | €459.2m | €5.1m | 21.5x | 161.8x | 1.8x |
| Tue, 09 Sep 2025 | €889.9m | €459.2m | €20.5m | 37.7x | 43.4x | 1.9x |
| Thu, 07 Aug 2025 | €924.6m | €459.2m | €20.5m | 39.3x | 45.1x | 2x |
| Sat, 05 Jul 2025 | €731.8m | €459.2m | €20.6m | 31x | 35.6x | 1.6x |
| Mon, 02 Jun 2025 | €750.0m | €459.2m | €20.6m | 31.9x | 36.5x | 1.6x |
| Wed, 30 Apr 2025 | €750.7m | €438.1m | €33.8m | 25.2x | 22.2x | 1.7x |
| Fri, 28 Mar 2025 | €762.8m | €438.1m | €33.8m | 25.6x | 22.6x | 1.7x |
| Sun, 23 Feb 2025 | €770.6m | €438.1m | €33.8m | 26x | 22.8x | 1.8x |
| Tue, 21 Jan 2025 | €755.3m | €438.1m | €33.8m | 25.6x | 22.4x | 1.7x |
| Thu, 19 Dec 2024 | €744.5m | €438.1m | €33.8m | 24.7x | 22x | 1.7x |
| Sat, 16 Nov 2024 | €721.4m | €438.1m | €33.8m | 24x | 21.3x | 1.6x |
| Mon, 14 Oct 2024 | €710.1m | €438.1m | €33.8m | 24x | 21x | 1.6x |
| Wed, 11 Sep 2024 | €720.4m | €424.4m | €21.5m | 62.6x | 33.5x | 1.7x |
| Fri, 09 Aug 2024 | €696.2m | €424.4m | €21.5m | 60.9x | 32.4x | 1.6x |
| Sun, 07 Jul 2024 | €715.0m | €424.4m | €21.5m | 60.8x | 33.2x | 1.7x |
| Tue, 04 Jun 2024 | €745.1m | €424.4m | €21.5m | 60.9x | 34.6x | 1.8x |
| Thu, 02 May 2024 | €726.4m | €424.4m | €21.5m | 62.2x | 33.8x | 1.7x |
| Sat, 30 Mar 2024 | €761.4m | €414.3m | -€14,820,000.00 | n/a | -51.4x | 1.8x |
| Mon, 26 Feb 2024 | €725.4m | €414.3m | -€14,820,000.00 | n/a | -48.9x | 1.8x |
| Wed, 24 Jan 2024 | €764.6m | €414.3m | -€14,820,000.00 | n/a | -51.6x | 1.8x |
| Fri, 22 Dec 2023 | €766.2m | €414.3m | -€14,820,000.00 | n/a | -51.7x | 1.8x |
| Sun, 19 Nov 2023 | €739.1m | €414.3m | -€14,820,000.00 | n/a | -49.9x | 1.8x |
| Tue, 17 Oct 2023 | €700.7m | €414.3m | -€14,820,000.00 | n/a | -47.3x | 1.7x |
| Thu, 14 Sep 2023 | €781.2m | €414.4m | €1.0m | 131.9x | 763.6x | 1.9x |
| Sat, 12 Aug 2023 | €850.7m | €435.8m | €13.0m | 42.2x | 65.5x | 2x |
| Mon, 10 Jul 2023 | €867.7m | €435.8m | €13.0m | 43.2x | 66.8x | 2x |
| Wed, 07 Jun 2023 | €825.3m | €435.8m | €13.0m | 41.3x | 63.5x | 1.9x |
| Fri, 05 May 2023 | €789.3m | €435.8m | €13.0m | 39.5x | 60.7x | 1.8x |
| Sun, 02 Apr 2023 | €814.2m | €437.4m | €22.4m | 31.7x | 36.4x | 1.9x |
| Tue, 28 Feb 2023 | €894.6m | €437.4m | €22.4m | 34.4x | 39.9x | 2x |
| Thu, 26 Jan 2023 | €852.4m | €437.4m | €22.4m | 33.2x | 38.1x | 1.9x |
| Sat, 24 Dec 2022 | €836.6m | €437.4m | €22.4m | 32.4x | 37.4x | 1.9x |
Price to Earnings Ratio
37.4x
Current Industry PE
- There are only 2 companies in the Greek Water Utilities industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Water Utilities industry have declined 39% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Greek Water compare with similar industries?
| GR Market | 0.23% | |
| Utilities | 1.03% | |
| Water Utilities | 4.80% | |
| Water | 4.80% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EYDAP Athens Water Supply and Sewerage | €7.74 | 4.2% +€33.0m | 31.4% | PS2.2x | |
| EYAPS Thessaloniki Water Supply & Sewerage Co | €4.02 | 4.1% +€5.8m | 24.5% | PE23.8x |