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Greek (ASE) Market Analysis & Valuation

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies138
  • 7D-1.9%
  • 3M-0.6%
  • 1Y10.1%
  • YTD6.2%

Over the last 7 days, the market has dropped 1.9%, driven by declines in every sector, especially the Financials sector. In contrast to the last week, the market is actually up 10% over the past year. Earnings are forecast to grow by 2.5% annually.

Trending IndustriesSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Jun 2024€82.2b€84.3b€10.0b11.8x8.2x1x
Fri, 17 May 2024€86.0b€84.7b€9.9b12.4x8.7x1x
Sun, 14 Apr 2024€81.9b€84.4b€9.5b11.9x8.6x1x
Tue, 12 Mar 2024€81.5b€85.0b€9.7b12.3x8.4x1x
Thu, 08 Feb 2024€81.7b€85.2b€9.4b12.1x8.7x1x
Sat, 06 Jan 2024€74.9b€87.1b€9.2b12.2x8.2x0.9x
Mon, 04 Dec 2023€73.2b€87.1b€9.1b12.2x8x0.8x
Wed, 01 Nov 2023€68.5b€90.7b€8.2b11.8x8.4x0.8x
Fri, 29 Sep 2023€67.7b€91.3b€8.0b13.1x8.5x0.7x
Sun, 27 Aug 2023€73.5b€94.4b€8.8b13.4x8.3x0.8x
Tue, 25 Jul 2023€75.2b€94.9b€8.8b13.5x8.6x0.8x
Thu, 22 Jun 2023€71.4b€94.8b€8.8b13.1x8.1x0.8x
Sat, 20 May 2023€64.0b€92.6b€8.4b11.4x7.7x0.7x
Mon, 17 Apr 2023€63.2b€90.7b€8.8b11.8x7.2x0.7x
Wed, 15 Mar 2023€62.0b€87.6b€7.7b11.6x8x0.7x
Fri, 10 Feb 2023€62.7b€93.0b€10.8b11.4x5.8x0.7x
Sun, 08 Jan 2023€56.2b€90.5b€10.5b11.2x5.3x0.6x
Tue, 06 Dec 2022€53.0b€89.5b€10.5b10.6x5x0.6x
Thu, 03 Nov 2022€52.1b€78.5b€9.0b10.6x5.8x0.7x
Sat, 01 Oct 2022€47.8b€76.0b€9.0b10.7x5.3x0.6x
Mon, 29 Aug 2022€53.5b€71.3b€8.6b11.3x6.2x0.8x
Wed, 27 Jul 2022€48.1b€67.6b€5.4b11.1x8.9x0.7x
Fri, 24 Jun 2022€48.4b€67.7b€5.4b11.1x8.9x0.7x
Sun, 22 May 2022€49.9b€64.7b€5.5b11.8x9.1x0.8x
Tue, 19 Apr 2022€53.5b€62.0b€4.1b13.6x13.1x0.9x
Thu, 17 Mar 2022€48.6b€56.1b€6.5b14.2x7.4x0.9x
Sat, 12 Feb 2022€51.9b€52.0b€3.5b15.4x14.9x1x
Mon, 10 Jan 2022€48.9b€51.3b€3.5b14.8x14.2x1x
Wed, 08 Dec 2021€47.6b€51.2b€3.6b14.5x13.3x0.9x
Fri, 05 Nov 2021€47.1b€48.1b€3.1b14.9x15.3x1x
Sun, 03 Oct 2021€45.7b€48.5b€3.0b17.4x15.3x0.9x
Tue, 31 Aug 2021€47.3b€46.7b€2.6b20.5x18.2x1x
Wed, 07 Jul 2021€44.5b€46.7b€2.6b20.9x17.1x1x
Price to Earnings Ratio

17.1x


Total Market Cap: €44.5bTotal Earnings: €2.6bTotal Revenue: €46.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Greek Market Price to Earnings3Y Average 9.7x202220232024
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 8.2x which is lower than its 3-year average PE of 9.7x.
Past Earnings Growth
  • The earnings for Greek listed companies have grown 57% per year over the last three years.
  • Revenues for these companies have grown 22% 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-1.89%
Real Estate-0.27%
Consumer Discretionary-0.34%
Utilities-0.43%
Tech-0.75%
Consumer Staples-1.29%
Materials-1.39%
Telecom-1.67%
Industrials-1.74%
Healthcare-1.84%
Energy-2.66%
Financials-3.41%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 21.5x.
    • It looks like investors are confident that earnings will grow faster in the future than they have historically.
  • The Energy sector is the least preferred by investors for future growth, which is trading below its 3-year average of 5.4x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 31% 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
ELLAKTOR Ellaktor€2.472.9%
+€24.3m
1.9%PE10.7xIndustrials
TENERGY TERNA ENERGY Industrial Commercial Technical Societe Anonyme€18.880.7%
+€15.3m
-9.8%PE32.3xUtilities
OPAP Organization of Football Prognostics€14.750.3%
+€14.5m
-7.8%PE13.2xConsumer Discretionary
ADMIE Admie Holding€2.202.8%
+€13.9m
3.3%PE8.7xUtilities
OTOEL Autohellas€11.761.7%
+€9.6m
-14.4%PE7.2xConsumer Discretionary
See more
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Market Insights

Last week, we looked at some of the reasons the healthcare sector has underperformed over the last few years...

Latest News

OPAP

€14.75

Organization of Football Prognostics

7D

0.3%

1Y

-7.8%

LAMDA

€6.70

LAMDA Development

7D

0.4%

1Y

1.5%

EUROB

€2.05

Eurobank Ergasias Services and Holdings

7D

-3.6%

1Y

36.3%

ELLAKTOR

€2.47

Ellaktor

7D

2.9%

1Y

1.9%

PLAKR

€15.30

Plastika Kritis

7D

1.3%

1Y

-6.7%

ALPHA

€1.55

Alpha Services and Holdings

7D

-3.2%

1Y

1.9%

ETE

€8.10

National Bank of Greece

7D

-2.3%

1Y

40.4%

TPEIR

€3.57

Piraeus Financial Holdings

7D

-5.7%

1Y

26.3%

AIA

€7.98

Athens International Airport

7D

-2.6%

1Y

n/a

OTOEL

€11.76

Autohellas

7D

1.7%

1Y

-14.4%

ADMIE

€2.20

Admie Holding

7D

2.8%

1Y

3.3%

REALCONS

€3.88

Real Consulting

7D

7.5%

1Y

74.0%