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Greek (ASE) Market Analysis & Valuation
UpdatedAug 08, 2025
DataAggregated Company Financials
Companies137
- 7D3.5%
- 3M18.1%
- 1Y42.7%
- YTD34.2%
The market has climbed 3.5% in the last 7 days, lead by the Financials sector with a gain of 5.1%. In the last year, the market has climbed 43%. As for the next few years, earnings are expected to grow by 14% per annum.
Market Valuation and Performance
Has the Greek Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 08 Aug 2025 | €110.4b | €87.9b | €8.9b | 15.5x | 12.5x | 1.3x |
| Sun, 06 Jul 2025 | €102.8b | €88.0b | €8.9b | 14x | 11.6x | 1.2x |
| Tue, 03 Jun 2025 | €98.9b | €87.7b | €9.0b | 13x | 11x | 1.1x |
| Thu, 01 May 2025 | €91.7b | €86.8b | €9.4b | 12.4x | 9.8x | 1.1x |
| Sat, 29 Mar 2025 | €96.5b | €87.1b | €9.4b | 12.4x | 10.3x | 1.1x |
| Mon, 24 Feb 2025 | €90.8b | €86.7b | €9.6b | 12.3x | 9.5x | 1x |
| Wed, 22 Jan 2025 | €87.3b | €86.5b | €9.6b | 12.1x | 9.1x | 1x |
| Fri, 20 Dec 2024 | €83.1b | €87.0b | €9.6b | 11.3x | 8.6x | 1x |
| Sun, 17 Nov 2024 | €80.1b | €87.8b | €10.6b | 11.6x | 7.6x | 0.9x |
| Tue, 15 Oct 2024 | €80.5b | €86.4b | €10.4b | 11.5x | 7.8x | 0.9x |
| Thu, 12 Sep 2024 | €81.1b | €85.6b | €10.4b | 11.3x | 7.8x | 0.9x |
| Sat, 10 Aug 2024 | €79.7b | €84.2b | €10.2b | 11.5x | 7.8x | 0.9x |
| Mon, 08 Jul 2024 | €83.0b | €83.3b | €10.0b | 11.5x | 8.3x | 1x |
| Wed, 05 Jun 2024 | €82.1b | €84.2b | €9.9b | 12.1x | 8.3x | 1x |
| Fri, 03 May 2024 | €84.3b | €84.4b | €9.8b | 12.2x | 8.6x | 1x |
| Sun, 31 Mar 2024 | €82.6b | €85.4b | €9.3b | 12.5x | 8.9x | 1x |
| Tue, 27 Feb 2024 | €82.0b | €85.4b | €9.6b | 12.3x | 8.6x | 1x |
| Thu, 25 Jan 2024 | €77.5b | €87.1b | €9.2b | 12.2x | 8.5x | 0.9x |
| Sat, 23 Dec 2023 | €73.6b | €87.1b | €9.2b | 12.4x | 8x | 0.8x |
| Mon, 20 Nov 2023 | €71.8b | €88.3b | €9.1b | 11.6x | 7.9x | 0.8x |
| Wed, 18 Oct 2023 | €67.6b | €90.7b | €8.2b | 11.5x | 8.3x | 0.7x |
| Fri, 15 Sep 2023 | €69.7b | €91.5b | €7.9b | 12.7x | 8.8x | 0.8x |
| Sun, 13 Aug 2023 | €72.9b | €94.4b | €8.8b | 12.9x | 8.2x | 0.8x |
| Tue, 11 Jul 2023 | €72.4b | €94.7b | €8.8b | 12.9x | 8.2x | 0.8x |
| Thu, 08 Jun 2023 | €70.5b | €95.1b | €8.8b | 12.5x | 8x | 0.7x |
| Sat, 06 May 2023 | €62.9b | €92.3b | €8.6b | 12x | 7.3x | 0.7x |
| Mon, 03 Apr 2023 | €60.9b | €90.2b | €8.7b | 11.6x | 7x | 0.7x |
| Wed, 01 Mar 2023 | €65.3b | €89.5b | €10.4b | 12.2x | 6.3x | 0.7x |
| Fri, 27 Jan 2023 | €58.6b | €90.5b | €10.5b | 11.3x | 5.6x | 0.6x |
| Sun, 25 Dec 2022 | €54.5b | €90.5b | €10.5b | 10.8x | 5.2x | 0.6x |
| Tue, 22 Nov 2022 | €52.9b | €84.7b | €10.3b | 10.7x | 5.1x | 0.6x |
| Thu, 20 Oct 2022 | €50.7b | €78.5b | €9.0b | 10.3x | 5.6x | 0.6x |
| Sat, 17 Sep 2022 | €50.3b | €75.4b | €9.2b | 10.8x | 5.5x | 0.7x |
| Mon, 15 Aug 2022 | €50.1b | €68.9b | €8.4b | 11.2x | 6x | 0.7x |
Price to Earnings Ratio
6x
Current Market PE
- Investors are optimistic on the Greek market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 12.5x which is higher than its 3-year average PE of 8.1x.
Past Earnings Growth
- The earnings for Greek listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 8.5% 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.
Sector Trends
Which sectors have driven the changes within the Greek Market?
| GR Market | 3.54% | |
| Financials | 5.12% | |
| Industrials | 3.94% | |
| Consumer Discretionary | 3.48% | |
| Energy | 2.16% | |
| Materials | 2.02% | |
| Tech | 1.78% | |
| Utilities | 1.68% | |
| Healthcare | 1.03% | |
| Real Estate | 0.67% | |
| Consumer Staples | 0.51% | |
| Telecom | -0.035% | |
Sector PE
- Investors favour the Energy sector the most for future growth, which is trading above its 3-year average PE ratio of 9.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 20.8% which is higher than its past year's earnings decline of 65.2% per year.
- The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 5.1x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 53% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Consumer Discretionary sector is expected to see its earnings grow by 3.9% 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 | Sector | |
|---|---|---|---|---|---|---|
| ETE National Bank of Greece | €13.01 | 7.9% +€860.5m | 76.3% | PB1.3x | Financials | |
| TPEIR Piraeus Financial Holdings | €7.20 | 10.4% +€849.5m | 92.3% | PB1x | Financials | |
| EUROB Eurobank Ergasias Services and Holdings | €3.37 | 6.2% +€717.2m | 69.7% | PB1.3x | Financials | |
| ALPHA Alpha Bank | €3.51 | 6.6% +€500.0m | 127.5% | PB0.9x | Financials | |
| BELA Jumbo | €31.84 | 7.9% +€314.4m | 46.9% | PE13.4x | Consumer Discretionary |
