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Greek (ASE) Market Analysis & Valuation

UpdatedDec 10, 2022
DataAggregated Company Financials
Companies131
  • 7D1.2%
  • 3M6.6%
  • 1Y1.4%
  • YTD1.8%

The Consumer Staples sector gained 5.0% while the market remained flat over the last week. In line with that, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 3.6% annually.

Trending IndustriesSoftware

Market Valuation and Performance

Has the Greek Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Dec 2022€53.9b€91.0b€10.5b10.6x5.1x0.6x
Mon, 07 Nov 2022€52.6b€78.6b€9.0b10.3x5.8x0.7x
Wed, 05 Oct 2022€49.6b€78.6b€9.0b9.7x5.5x0.6x
Fri, 02 Sep 2022€50.7b€73.7b€9.0b11.1x5.6x0.7x
Sun, 31 Jul 2022€48.7b€68.9b€5.5b11.1x8.8x0.7x
Tue, 28 Jun 2022€47.8b€67.7b€5.4b11.2x8.8x0.7x
Thu, 26 May 2022€50.4b€64.9b€5.5b11.5x9.1x0.8x
Sat, 23 Apr 2022€54.8b€62.0b€4.1b14.2x13.4x0.9x
Mon, 21 Mar 2022€50.0b€58.5b€3.8b13.9x13.2x0.9x
Wed, 16 Feb 2022€51.7b€52.0b€3.5b15.5x14.8x1x
Fri, 14 Jan 2022€51.2b€51.3b€3.5b15.4x14.8x1x
Sun, 12 Dec 2021€48.4b€51.2b€3.6b14.7x13.6x0.9x
Tue, 09 Nov 2021€47.8b€48.1b€3.1b14.9x15.5x1x
Thu, 07 Oct 2021€46.1b€48.1b€3.1b14.9x14.9x1x
Sat, 04 Sep 2021€46.9b€46.7b€2.6b19.9x18x1x
Mon, 02 Aug 2021€45.0b€46.7b€2.6b20.6x17.3x1x
Thu, 06 May 2021€46.5b€44.6b€6.6m18.8x7067.9x1x
Sun, 07 Feb 2021€39.7b€44.5b-€358,044,952.0016.6x-111x0.9x
Sat, 31 Oct 2020€31.6b€48.4b-€82,945,535.0013.3x-380.6x0.7x
Tue, 04 Aug 2020€32.5b€51.5b€1.3b13.1x25.9x0.6x
Fri, 08 May 2020€34.2b€56.7b€1.8b14.8x19.1x0.6x
Mon, 10 Feb 2020€47.5b€57.0b€2.2b15.9x21.2x0.8x
Price to Earnings Ratio

21.5x


Total Market Cap: €48.3bTotal Earnings: €2.2bTotal Revenue: €57.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Greek Market Price to Earnings3Y Average 566x20212022
Current Market PE
  • Investors are pessimistic on the Greek market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 5.1x which is lower than its 3-year average PE of 566x.
Past Earnings Growth
  • The earnings for Greek listed companies have grown 68% per year over the last three years.
  • Revenues for these companies have grown 17% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Greek Market?

GR Market1.24%
Utilities5.31%
Consumer Staples4.24%
Energy3.61%
Industrials2.69%
Materials1.53%
Consumer Discretionary1.26%
Healthcare0.78%
Telecom0.52%
Real Estate-0.19%
Tech-0.57%
Financials-1.66%
Sector PE
  • Investors are most optimistic about the Tech sector which is trading above its 3-year average PE ratio of 32.2x.
    • Analysts are expecting annual earnings growth of 25.0%, which is lower than the prior year's growth of 86.3% per year.
  • Investors are most pessimistic about the Energy sector, which is trading below its 3-year average of 3.1x.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 62% over the next 5 years.
  • This is better than its past earnings decline of 49% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 49% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
TENERGY Terna Energy Societe Anonyme Commercial Technical€20.408.2%
+€178.6m
51.1%PE13.6xUtilities
ELPE HELLENiQ ENERGY Holdings€7.565.7%
+€125.3m
26.2%PE1.9xEnergy
MYTIL Mytilineos€18.864.8%
+€119.0m
23.2%PE10.3xIndustrials
PPC Public Power€6.754.2%
+€99.4m
-30.8%PS0.2xUtilities
OPAP Organization of Football Prognostics€13.291.5%
+€68.7m
5.7%PE13.1xConsumer Discretionary
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Market Insights

Equity markets took a tumble as the previous week’s rally ran out of steam, and stronger than expected jobs data suggested central banks still have work to do...

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KARE

€288.00

Karelia Tobacco

7D

6.7%

1Y

3.6%

GEKTERNA

€9.90

GEK TERNA Holdings Real Estate Construction

7D

6.6%

1Y

1.0%

ETE

€3.65

National Bank of Greece

7D

-4.2%

1Y

28.1%

PPC

€6.75

Public Power

7D

4.2%

1Y

-30.8%

OTOEL

€10.54

Autohellas

7D

-7.4%

1Y

16.7%

AVAX

€0.71

Avax

7D

-5.1%

1Y

-31.8%

LAMDA

€5.60

Lamda Development

7D

-0.9%

1Y

-22.2%

TELL

€16.00

Bank of Greece

7D

-1.2%

1Y

-4.3%

ELPE

€7.56

HELLENiQ ENERGY Holdings

7D

5.7%

1Y

26.2%

TRASTOR

€0.98

Trastor Real Estate Investment Company

7D

-6.7%

1Y

8.9%