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Greek (ASE) Market Analysis & Valuation

UpdatedNov 25, 2024
DataAggregated Company Financials
Companies136
  • 7D-0.3%
  • 3M-3.4%
  • 1Y7.6%
  • YTD3.6%

Over the last 7 days, the market has remained flat, although notably the Materials sector gained 4.4% in that time. As for the longer term, the market has risen 7.6% in the past 12 months. As for the next few years, earnings are expected to grow by 6.1% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Nov 2024€79.7b€86.9b€9.6b11.1x8.3x0.9x
Wed, 23 Oct 2024€80.5b€86.4b€10.4b11.6x7.8x0.9x
Fri, 20 Sep 2024€81.8b€85.8b€10.3b11.6x7.9x1x
Sun, 18 Aug 2024€82.3b€84.2b€10.2b11.6x8.1x1x
Tue, 16 Jul 2024€84.2b€83.3b€10.0b11.5x8.4x1x
Thu, 13 Jun 2024€83.8b€84.2b€10.0b11.8x8.4x1x
Sat, 11 May 2024€85.7b€84.6b€9.9b12.3x8.7x1x
Mon, 08 Apr 2024€80.8b€84.9b€9.4b12.4x8.6x1x
Wed, 06 Mar 2024€83.1b€85.2b€9.8b12.4x8.5x1x
Fri, 02 Feb 2024€78.3b€85.9b€9.2b12.2x8.5x0.9x
Sun, 31 Dec 2023€73.7b€87.1b€9.2b12.2x8x0.8x
Tue, 28 Nov 2023€72.4b€87.1b€9.1b12.2x7.9x0.8x
Thu, 26 Oct 2023€68.2b€90.7b€8.2b11.9x8.3x0.8x
Sat, 23 Sep 2023€69.3b€91.6b€7.9b13x8.8x0.8x
Mon, 21 Aug 2023€72.0b€94.4b€8.8b13x8.1x0.8x
Wed, 19 Jul 2023€74.1b€94.7b€8.8b13.3x8.4x0.8x
Fri, 16 Jun 2023€71.4b€94.8b€8.8b12.9x8.1x0.8x
Sun, 14 May 2023€63.5b€92.3b€8.5b11.6x7.4x0.7x
Tue, 11 Apr 2023€61.8b€90.3b€8.8b12.1x7x0.7x
Thu, 09 Mar 2023€62.3b€86.9b€7.6b12.2x8.2x0.7x
Sat, 04 Feb 2023€60.4b€93.0b€10.8b11.3x5.6x0.6x
Mon, 02 Jan 2023€54.9b€90.5b€10.5b11x5.2x0.6x
Wed, 30 Nov 2022€53.9b€89.4b€10.4b10.7x5.2x0.6x
Fri, 28 Oct 2022€51.6b€78.5b€9.0b10.9x5.7x0.7x
Sun, 25 Sep 2022€48.1b€75.8b€9.2b10.4x5.2x0.6x
Tue, 23 Aug 2022€53.3b€69.6b€8.1b11.1x6.6x0.8x
Thu, 21 Jul 2022€47.3b€67.6b€5.4b11x8.7x0.7x
Sat, 18 Jun 2022€47.7b€67.7b€5.4b10.9x8.8x0.7x
Mon, 16 May 2022€50.2b€63.2b€5.4b11.9x9.3x0.8x
Wed, 13 Apr 2022€53.6b€60.0b€3.7b12.8x14.4x0.9x
Fri, 11 Mar 2022€45.5b€56.1b€6.3b13.6x7.2x0.8x
Sun, 06 Feb 2022€50.8b€52.0b€3.5b14.9x14.6x1x
Tue, 04 Jan 2022€48.6b€51.3b€3.5b14.6x14.1x0.9x
Thu, 02 Dec 2021€47.4b€51.0b€3.5b14.5x13.3x0.9x
Price to Earnings Ratio

13.3x


Total Market Cap: €47.4bTotal Earnings: €3.5bTotal Revenue: €51.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Greek Market Price to Earnings3Y Average 8.5x202220232024
Current Market PE
  • Investors are relatively neutral on the Greek market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 8.5x.
Past Earnings Growth
  • The earnings for Greek listed companies have grown 39% per year over the last three years.
  • Revenues for these companies have grown 19% 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 Market-0.30%
Materials4.37%
Consumer Discretionary1.98%
Consumer Staples1.61%
Telecom1.47%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-0.046%
Real Estate-0.79%
Tech-1.77%
Energy-1.90%
Utilities-1.90%
Financials-1.93%
Healthcare-3.07%
Sector PE
  • Investors favour the Utilities sector the most for future growth which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 23.1%, which is lower than the prior year's growth of 44.1% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 4.7x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 50% over the next 5 years.
  • This is better than its past earnings growth rate of 27% per year.
  • In contrast, the Financials industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
OPAP Organization of Football Prognostics€15.805.5%
+€294.1m
6.7%PE12.5xConsumer Discretionary
TITC Titan Cement International€37.658.2%
+€212.0m
93.1%PE9.5xMaterials
INKAT Intrakat Société Anonyme Technical and Energy Projects€4.75-1.0%
€198.5m
37.1%PS1.2xIndustrials
EUROB Eurobank Ergasias Services and Holdings€2.041.5%
+€110.2m
22.7%PB0.9xFinancials
HTO Hellenic Telecommunications Organization€15.211.5%
+€83.3m
16.6%PE11.3xTelecom
See more
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OPAP

€15.80

Organization of Football Prognostics

7D

5.5%

1Y

6.7%

ELHA

€1.80

Elvalhalcor Hellenic Copper and Aluminium Industry

7D

5.9%

1Y

-5.3%

GEKTERNA

€17.90

Gek Terna

7D

3.2%

1Y

32.6%

MYTIL

€31.70

Metlen Energy & Metals

7D

-1.9%

1Y

-13.7%

TATT

€0.61

Attica Bank

7D

-59.5%

1Y

-99.9%

HTO

€15.21

Hellenic Telecommunications Organization

7D

1.5%

1Y

16.6%

ALPHA

€1.53

Alpha Services and Holdings

7D

-2.1%

1Y

-1.3%

EUROB

€2.04

Eurobank Ergasias Services and Holdings

7D

1.5%

1Y

22.7%

PLAKR

€13.90

Plastika Kritis

7D

-4.1%

1Y

-13.1%

CAIROMEZ

€0.40

Cairo Mezz

7D

-12.3%

1Y

247.8%