Piraeus Financial Holdings S.A.

LSE:0RTY Stock Report

Market Cap: €5.4b

Piraeus Financial Holdings Valuation

Is 0RTY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0RTY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€9.24
Fair Value
53.9% undervalued intrinsic discount
14
Number of Analysts

Below Fair Value: 0RTY (€4.26) is trading below our estimate of fair value (€9.24)

Significantly Below Fair Value: 0RTY is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0RTY?

Key metric: As 0RTY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0RTY. This is calculated by dividing 0RTY's market cap by their current earnings.
What is 0RTY's PE Ratio?
PE Ratio4.9x
Earnings€1.10b
Market Cap€5.39b

Price to Earnings Ratio vs Peers

How does 0RTY's PE Ratio compare to its peers?

The above table shows the PE ratio for 0RTY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average4.8x
HSBK Halyk Bank of Kazakhstan
3.6xn/aUS$5.4b
TBCG TBC Bank Group
4.7x17.4%UK£1.7b
BGEO Bank of Georgia Group
2.9x-4.1%UK£2.0b
STAN Standard Chartered
7.8x5.5%UK£25.7b
0RTY Piraeus Financial Holdings
4.9x-2.5%€5.4b

Price-To-Earnings vs Peers: 0RTY is expensive based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (4.8x).

Price to Earnings Ratio vs Industry

How does 0RTY's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0RTY 4.9xIndustry Avg. 8.0xNo. of Companies48PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0RTY is good value based on its Price-To-Earnings Ratio (4.9x) compared to the European Banks industry average (8x).

Price to Earnings Ratio vs Fair Ratio

What is 0RTY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0RTY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0RTY's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0RTY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.26
€5.53
+29.7%
9.7%€6.31€4.13n/a14
Jan ’26€3.79
€5.53
+46.1%
9.7%€6.31€4.13n/a14
Dec ’25n/a
€5.49
0%
9.5%€6.31€4.13n/a14
Nov ’25€3.54
€5.45
+53.9%
8.9%€6.24€4.13n/a14
Oct ’25€3.93
€5.46
+38.9%
8.5%€6.00€4.13n/a14
Sep ’25€3.88
€5.40
+39.1%
8.4%€6.00€4.13n/a14
Aug ’25€3.77
€5.27
+39.8%
8.7%€6.00€4.13n/a14
Jul ’25€3.59
€5.12
+42.9%
9.3%€6.00€4.13n/a13
Jun ’25€3.60
€5.06
+40.3%
9.8%€6.00€4.13n/a13
May ’25€3.86
€5.06
+30.9%
9.8%€6.00€4.13n/a13
Apr ’25€3.89
€5.01
+28.7%
9.0%€6.00€4.20n/a12
Mar ’25€4.03
€4.72
+17.0%
10.7%€5.50€3.95n/a11
Feb ’25€3.72
€4.38
+17.8%
8.5%€5.00€3.70n/a11
Jan ’25n/a
€4.16
0%
11.7%€5.00€3.10€3.7912
Dec ’24€3.20
€4.13
+28.8%
10.7%€4.70€3.10n/a12
Nov ’24€2.77
€4.03
+45.4%
11.5%€4.65€3.10€3.5412
Oct ’24€2.81
€4.04
+43.6%
12.5%€4.65€3.10€3.9312
Sep ’24€3.28
€3.89
+18.8%
12.0%€4.65€3.10€3.8812
Aug ’24n/a
€3.74
0%
14.6%€4.65€2.70€3.7712
Jul ’24€2.99
€3.40
+13.7%
12.9%€4.04€2.70€3.5911
Jun ’24n/a
€2.92
0%
15.1%€3.80€2.20€3.6011
May ’24n/a
€2.71
0%
19.6%€3.80€1.80€3.8611
Apr ’24n/a
€2.64
0%
20.9%€3.80€1.80€3.8911
Mar ’24n/a
€2.59
0%
21.5%€3.80€1.80€4.0310
Feb ’24n/a
€2.35
0%
15.5%€3.30€1.80€3.7211
Jan ’24n/a
€2.14
0%
24.4%€3.30€1.00n/a11
Analyst Price Target
Consensus Narrative from 14 Analysts
€5.46
Fair Value
21.9% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/20 15:18
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Piraeus Financial Holdings S.A. is covered by 31 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nikos KatsenosAlpha Finance Investment Services S.A.
Eleni IsmailouAxia Ventures Group Ltd
Robert BateBarclays