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Greek (ASE) Market Analysis & Valuation
UpdatedOct 10, 2025
DataAggregated Company Financials
Companies136
- 7D1.4%
- 3M10.0%
- 1Y44.9%
- YTD36.3%
Over the last 7 days, the market has risen 1.4%, driven by gains of 2.6% in the Financials sector. In the last year, the market has climbed 45%. Earnings are forecast to grow by 14% annually.
Market Valuation and Performance
Has the Greek Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 11 Oct 2025 | €113.4b | €88.4b | €8.7b | 15.5x | 13x | 1.3x |
| Mon, 08 Sep 2025 | €109.4b | €86.5b | €8.7b | 15.6x | 12.6x | 1.3x |
| Wed, 06 Aug 2025 | €108.8b | €87.9b | €8.9b | 15.1x | 12.2x | 1.2x |
| Fri, 04 Jul 2025 | €102.9b | €88.0b | €8.9b | 14x | 11.6x | 1.2x |
| Sun, 01 Jun 2025 | €99.3b | €87.7b | €9.0b | 13.2x | 11.1x | 1.1x |
| Tue, 29 Apr 2025 | €91.9b | €88.0b | €9.4b | 12.3x | 9.8x | 1x |
| Thu, 27 Mar 2025 | €97.2b | €86.8b | €9.5b | 12.4x | 10.2x | 1.1x |
| Sat, 22 Feb 2025 | €90.8b | €86.5b | €9.6b | 12.3x | 9.5x | 1.1x |
| Mon, 20 Jan 2025 | €86.7b | €86.5b | €9.6b | 12.3x | 9x | 1x |
| Wed, 18 Dec 2024 | €82.6b | €87.0b | €9.6b | 11.4x | 8.6x | 0.9x |
| Fri, 15 Nov 2024 | €79.9b | €87.8b | €10.6b | 11.6x | 7.6x | 0.9x |
| Sun, 13 Oct 2024 | €80.5b | €86.4b | €10.4b | 11.5x | 7.8x | 0.9x |
| Tue, 10 Sep 2024 | €82.4b | €85.6b | €10.3b | 11.5x | 8x | 1x |
| Thu, 08 Aug 2024 | €80.3b | €84.1b | €10.2b | 11.4x | 7.9x | 1x |
| Sat, 06 Jul 2024 | €83.0b | €83.3b | €10.0b | 11.5x | 8.3x | 1x |
| Mon, 03 Jun 2024 | €82.6b | €84.8b | €10.0b | 12.4x | 8.3x | 1x |
| Wed, 01 May 2024 | €84.2b | €84.2b | €9.7b | 12.1x | 8.7x | 1x |
| Fri, 29 Mar 2024 | €82.6b | €85.5b | €9.3b | 12.5x | 8.9x | 1x |
| Sun, 25 Feb 2024 | €82.0b | €85.4b | €9.6b | 12.3x | 8.6x | 1x |
| Tue, 23 Jan 2024 | €77.0b | €87.1b | €9.2b | 12.2x | 8.4x | 0.9x |
| Thu, 21 Dec 2023 | €74.1b | €87.1b | €9.2b | 12.3x | 8.1x | 0.9x |
| Sat, 18 Nov 2023 | €71.8b | €88.3b | €9.1b | 11.6x | 7.9x | 0.8x |
| Mon, 16 Oct 2023 | €67.3b | €90.7b | €8.2b | 11.6x | 8.2x | 0.7x |
| Wed, 13 Sep 2023 | €70.4b | €91.7b | €7.9b | 13x | 8.9x | 0.8x |
| Fri, 11 Aug 2023 | €74.3b | €94.6b | €8.9b | 12.9x | 8.4x | 0.8x |
| Sun, 09 Jul 2023 | €71.8b | €94.7b | €8.8b | 12.8x | 8.2x | 0.8x |
| Tue, 06 Jun 2023 | €68.6b | €95.1b | €8.8b | 12.3x | 7.8x | 0.7x |
| Thu, 04 May 2023 | €62.2b | €92.3b | €8.6b | 11.8x | 7.2x | 0.7x |
| Sat, 01 Apr 2023 | €60.9b | €90.2b | €8.7b | 11.6x | 7x | 0.7x |
| Mon, 27 Feb 2023 | €64.4b | €89.5b | €10.4b | 12.2x | 6.2x | 0.7x |
| Wed, 25 Jan 2023 | €58.1b | €90.5b | €10.5b | 11.3x | 5.5x | 0.6x |
| Fri, 23 Dec 2022 | €54.5b | €90.5b | €10.5b | 10.6x | 5.2x | 0.6x |
| Sun, 20 Nov 2022 | €52.7b | €84.7b | €10.3b | 10.7x | 5.1x | 0.6x |
| Tue, 18 Oct 2022 | €49.7b | €78.5b | €9.0b | 10.4x | 5.5x | 0.6x |
Price to Earnings Ratio
5.5x
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 13.0x which is higher than its 3-year average PE of 8.5x.
Past Earnings Growth
- The earnings for Greek listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 4.0% 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 | 1.37% | |
| Utilities | 3.66% | |
| Tech | 3.56% | |
| Financials | 2.57% | |
| Materials | 1.70% | |
| Telecom | 0.80% | |
| Energy | 0.51% | |
| Consumer Staples | 0.38% | |
| Industrials | 0.13% | |
| Consumer Discretionary | -0.89% | |
| Healthcare | -0.95% | |
| Real Estate | -1.61% | |
Sector PE
- Investors favour the Utilities sector the most for future growth even though it's trading below its 3-year average PE ratio of 33.4x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 42.9% which is higher than its past year's earnings decline of 1.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 43% over the next 5 years.
- This is better than its past earnings decline of 1.5% per year.
- In contrast, the Consumer Discretionary sector is expected to see its earnings grow by 5.4% 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 | €13.94 | 5.3% +€627.3m | 87.0% | PB1.4x | Financials | |
| EUROB Eurobank Ergasias Services and Holdings | €3.66 | 4.1% +€519.5m | 84.0% | PB1.4x | Financials | |
| PPC Public Power | €14.79 | 4.7% +€231.0m | 27.1% | PE33.9x | Utilities | |
| TPEIR Piraeus Financial Holdings | €7.62 | 2.0% +€174.8m | 105.8% | PB1.1x | Financials | |
| ELHA Elvalhalcor Hellenic Copper and Aluminium Industry | €3.10 | 5.8% +€63.7m | 70.1% | PE9.1x | Materials |
