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Greek (ASE) Market Analysis & Valuation

UpdatedSep 20, 2025
DataAggregated Company Financials
Companies135
  • 7D-1.3%
  • 3M14.1%
  • 1Y37.4%
  • YTD30.9%

Over the last 7 days, the market has dropped 1.3%, driven by a pullback of 3.0% in the Financials sector. As for the longer term, the market has actually risen by 37% in the last year. Earnings are forecast to grow by 14% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Sep 2025€109.4b€88.4b€8.9b15.2x12.3x1.2x
Mon, 18 Aug 2025€113.8b€87.2b€8.8b16.3x12.9x1.3x
Wed, 16 Jul 2025€105.2b€88.0b€8.9b14.2x11.9x1.2x
Fri, 13 Jun 2025€100.3b€88.0b€9.0b13.8x11.1x1.1x
Sun, 11 May 2025€94.2b€87.7b€9.3b12.8x10.1x1.1x
Tue, 08 Apr 2025€82.7b€86.9b€9.4b11x8.8x1x
Thu, 06 Mar 2025€91.2b€86.6b€9.5b12.3x9.6x1.1x
Sat, 01 Feb 2025€88.2b€86.5b€9.6b12.2x9.2x1x
Mon, 30 Dec 2024€83.0b€86.8b€9.6b11.8x8.6x1x
Wed, 27 Nov 2024€80.0b€86.9b€9.6b11.1x8.3x0.9x
Fri, 25 Oct 2024€79.7b€86.4b€10.4b11.6x7.7x0.9x
Sun, 22 Sep 2024€81.7b€85.8b€10.3b11.6x7.9x1x
Tue, 20 Aug 2024€82.3b€84.2b€10.2b11.6x8.1x1x
Thu, 18 Jul 2024€83.4b€83.4b€10.0b11.5x8.4x1x
Sat, 15 Jun 2024€81.4b€84.3b€10.0b11.7x8.2x1x
Mon, 13 May 2024€85.7b€84.6b€9.9b12.3x8.7x1x
Wed, 10 Apr 2024€82.9b€84.9b€9.4b12.5x8.8x1x
Fri, 08 Mar 2024€82.8b€84.7b€9.5b12.5x8.7x1x
Sun, 04 Feb 2024€78.7b€85.9b€9.2b12.2x8.5x0.9x
Tue, 02 Jan 2024€73.7b€87.1b€9.2b12.2x8x0.8x
Thu, 30 Nov 2023€72.8b€87.1b€9.1b12.2x8x0.8x
Sat, 28 Oct 2023€67.8b€90.7b€8.2b11.8x8.3x0.7x
Mon, 25 Sep 2023€69.3b€91.6b€7.9b13x8.8x0.8x
Wed, 23 Aug 2023€73.8b€94.4b€8.8b12.9x8.3x0.8x
Fri, 21 Jul 2023€75.5b€94.9b€8.8b13.3x8.6x0.8x
Sun, 18 Jun 2023€72.0b€94.8b€8.8b13x8.2x0.8x
Tue, 16 May 2023€63.4b€92.3b€8.5b11.7x7.4x0.7x
Thu, 13 Apr 2023€62.8b€90.4b€8.8b12.2x7.1x0.7x
Sat, 11 Mar 2023€61.1b€87.6b€7.7b12.1x7.9x0.7x
Mon, 06 Feb 2023€60.4b€93.0b€10.8b11.3x5.6x0.6x
Wed, 04 Jan 2023€55.7b€90.5b€10.5b11x5.3x0.6x
Fri, 02 Dec 2022€53.7b€89.4b€10.4b10.3x5.2x0.6x
Sun, 30 Oct 2022€51.6b€78.5b€9.0b10.9x5.7x0.7x
Tue, 27 Sep 2022€47.6b€75.8b€9.2b10.2x5.2x0.6x
Price to Earnings Ratio

5.2x


Total Market Cap: €47.6bTotal Earnings: €9.2bTotal Revenue: €75.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Greek Market Price to Earnings3Y Average 8.4x202320242025
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 12.3x which is higher than its 3-year average PE of 8.4x.
Past Earnings Growth
  • The earnings for Greek listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 5.2% 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-1.33%
Healthcare3.26%
Consumer Discretionary2.09%
Real Estate1.08%
Energy0.98%
Tech0.73%
Materials-1.03%
Industrials-1.14%
Telecom-1.41%
Utilities-1.74%
Consumer Staples-2.77%
Financials-3.01%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 22.2x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
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 3.3% per year.
  • In contrast, the Consumer Discretionary sector is expected to see its earnings grow by 4.8% 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
OPAP Organization of Football Prognostics€20.164.2%
+€294.1m
27.0%PE14.5xConsumer Discretionary
MOH Motor Oil (Hellas) Corinth Refineries€26.181.9%
+€52.0m
25.5%PE32.8xEnergy
LAMDA LAMDA Development€7.403.9%
+€47.8m
-0.7%PE6.6xReal Estate
BELA Jumbo€32.041.0%
+€43.0m
31.4%PE13.4xConsumer Discretionary
AKTR Aktor Societe Anonyme Holding Company Technical and Energy Projects€8.182.3%
+€36.7m
63.9%PE134.6xIndustrials
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