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Greek (ASE) Market Analysis & Valuation

UpdatedOct 30, 2023
DataAggregated Company Financials
Companies140
  • 7D0.2%
  • 3M-10.6%
  • 1Y28.9%
  • YTD20.6%

The market has been flat over the last week. More promisingly, the market is up 29% over the past year. Earnings are forecast to grow by 3.6% annually.

Trending IndustriesSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Oct 2023€67.8b€90.7b€8.2b11.8x8.3x0.7x
Thu, 28 Sep 2023€68.4b€91.2b€7.9b12.9x8.6x0.7x
Sat, 26 Aug 2023€73.5b€94.4b€8.8b13.4x8.3x0.8x
Mon, 24 Jul 2023€75.4b€94.9b€8.8b13.5x8.6x0.8x
Wed, 21 Jun 2023€71.0b€94.8b€8.8b12.9x8.1x0.7x
Fri, 19 May 2023€64.0b€92.6b€8.4b11.6x7.7x0.7x
Sun, 16 Apr 2023€63.2b€90.7b€8.8b11.8x7.2x0.7x
Tue, 14 Mar 2023€60.7b€87.6b€7.7b12.1x7.9x0.7x
Thu, 09 Feb 2023€62.1b€93.0b€10.8b11.3x5.8x0.7x
Sat, 07 Jan 2023€56.2b€90.5b€10.5b11.2x5.3x0.6x
Mon, 05 Dec 2022€53.2b€89.5b€10.5b10.3x5.1x0.6x
Wed, 02 Nov 2022€51.8b€78.5b€9.0b10.6x5.8x0.7x
Fri, 30 Sep 2022€47.5b€75.7b€9.2b10.2x5.1x0.6x
Sun, 28 Aug 2022€53.5b€71.3b€8.6b11.3x6.2x0.8x
Tue, 26 Jul 2022€48.1b€67.6b€5.4b11.3x8.9x0.7x
Thu, 23 Jun 2022€48.5b€67.7b€5.4b11.1x8.9x0.7x
Sat, 21 May 2022€49.9b€64.7b€5.5b11.8x9.1x0.8x
Mon, 18 Apr 2022€53.5b€61.8b€4.0b13.4x13.5x0.9x
Wed, 16 Mar 2022€45.9b€56.1b€6.5b13.5x7x0.8x
Fri, 11 Feb 2022€51.4b€52.0b€3.5b15.5x14.8x1x
Sun, 09 Jan 2022€48.9b€51.3b€3.5b14.8x14.2x1x
Tue, 07 Dec 2021€47.6b€51.2b€3.6b14.5x13.3x0.9x
Thu, 04 Nov 2021€47.2b€48.1b€3.1b15.3x15.3x1x
Sat, 02 Oct 2021€45.7b€48.5b€3.0b17.4x15.3x0.9x
Mon, 30 Aug 2021€47.6b€46.7b€2.6b20.3x18.3x1x
Tue, 06 Jul 2021€44.5b€46.7b€2.6b20.9x17.1x1x
Fri, 09 Apr 2021€44.8b€44.6b€6.6m17.8x6815.4x1x
Thu, 31 Dec 2020€41.6b€44.5b-€358,044,952.0016.7x-116x0.9x
Price to Earnings Ratio

-380.6x


Total Market Cap: €31.6bTotal Earnings: -€82,945,535.00Total Revenue: €48.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Greek Market Price to Earnings3Y Average 590.8x202120222023
Current Market PE
  • Investors are pessimistic on the Greek market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 8.3x which is lower than its 3-year average PE of 565x.
Past Earnings Growth
  • Total earnings for Greek listed companies have gone up over the last three years, and the market is now profitable.
  • Revenues have grown 23% per year, driving the profits up.

Sector Trends

Which sectors have driven the changes within the Greek Market?

GR Market0.25%
Utilities2.15%
Real Estate0.98%
Financials0.87%
Materials0.84%
Consumer Discretionary0.63%
Healthcare0.15%
Energy-0.66%
Industrials-0.88%
Consumer Staples-0.88%
Tech-1.35%
Telecom-1.79%
Sector PE
  • Investors favour the Utilities sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 25.4% which is higher than its past year's earnings decline of 2.9% 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 2.7x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 87% over the next 5 years.
  • This is better than its past earnings decline of 31% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 18% 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
ALPHA Alpha Services and Holdings€1.4211.4%
+€340.6m
50.9%PB0.5xFinancials
PPC Public Power€9.636.4%
+€208.2m
50.7%PE20.2xUtilities
EUROB Eurobank Ergasias Services and Holdings€1.562.8%
+€156.0m
55.7%PB0.8xFinancials
OPAP Organization of Football Prognostics€15.422.3%
+€128.7m
24.4%PE8.7xConsumer Discretionary
PPA Piraeus Port Authority€21.107.2%
+€35.5m
31.4%PE7.4xIndustrials
See more
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PPC

€9.63

Public Power

7D

6.4%

1Y

50.7%

PPA

€21.10

Piraeus Port Authority

7D

7.2%

1Y

31.4%

SAR

€7.94

Gr. Sarantis

7D

5.9%

1Y

25.0%

OPAP

€15.42

Organization of Football Prognostics

7D

2.3%

1Y

24.4%

ALPHA

€1.42

Alpha Services and Holdings

7D

11.4%

1Y

50.9%

HTO

€13.12

Hellenic Telecommunications Organization

7D

-0.4%

1Y

-17.5%

LAMDA

€6.06

Lamda Development

7D

1.9%

1Y

-1.2%

TENERGY

€13.99

TERNA ENERGY Industrial Commercial Technical Societe Anonyme

7D

-1.4%

1Y

-25.7%

ETE

€5.42

National Bank of Greece

7D

-0.7%

1Y

47.8%

EUROB

€1.56

Eurobank Ergasias Services and Holdings

7D

2.8%

1Y

55.7%