Greek (ASE) Market Analysis & Valuation
UpdatedJul 09, 2024
DataAggregated Company Financials
Companies136
- 7D1.8%
- 3M0.5%
- 1Y10.3%
- YTD8.0%
The market has climbed 1.8% in the last 7 days, lead by the Financials sector with a gain of 2.0%. As for the past 12 months, the market is up 10%. As for the next few years, earnings are expected to grow by 3.2% per annum.
Trending IndustriesSoftware
Market Valuation and Performance
Has the Greek Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 09 Jul 2024 | €83.4b | €83.3b | €10.0b | 11.5x | 8.4x | 1x |
| Thu, 06 Jun 2024 | €83.6b | €84.2b | €10.0b | 12.3x | 8.4x | 1x |
| Sat, 04 May 2024 | €84.3b | €84.5b | €9.8b | 12.2x | 8.6x | 1x |
| Mon, 01 Apr 2024 | €82.6b | €85.4b | €9.3b | 12.5x | 8.9x | 1x |
| Wed, 28 Feb 2024 | €82.2b | €85.4b | €9.6b | 12.4x | 8.6x | 1x |
| Fri, 26 Jan 2024 | €76.9b | €85.9b | €9.2b | 12.2x | 8.3x | 0.9x |
| Sun, 24 Dec 2023 | €73.6b | €87.1b | €9.2b | 12.4x | 8x | 0.8x |
| Tue, 21 Nov 2023 | €71.8b | €88.3b | €9.1b | 11.8x | 7.9x | 0.8x |
| Thu, 19 Oct 2023 | €67.9b | €90.7b | €8.2b | 11.5x | 8.3x | 0.7x |
| Sat, 16 Sep 2023 | €69.7b | €91.5b | €7.9b | 12.7x | 8.8x | 0.8x |
| Mon, 14 Aug 2023 | €72.9b | €94.4b | €8.8b | 12.9x | 8.2x | 0.8x |
| Wed, 12 Jul 2023 | €74.1b | €94.7b | €8.8b | 12.9x | 8.4x | 0.8x |
| Fri, 09 Jun 2023 | €70.6b | €94.8b | €8.8b | 12.5x | 8x | 0.7x |
| Sun, 07 May 2023 | €62.9b | €92.1b | €8.3b | 11.9x | 7.6x | 0.7x |
| Tue, 04 Apr 2023 | €61.6b | €90.2b | €8.7b | 11.7x | 7.1x | 0.7x |
| Thu, 02 Mar 2023 | €65.6b | €89.8b | €10.4b | 12.2x | 6.3x | 0.7x |
| Sat, 28 Jan 2023 | €59.2b | €93.0b | €10.8b | 11.4x | 5.5x | 0.6x |
| Mon, 26 Dec 2022 | €54.5b | €90.5b | €10.5b | 10.8x | 5.2x | 0.6x |
| Wed, 23 Nov 2022 | €53.3b | €84.7b | €10.3b | 10.7x | 5.2x | 0.6x |
| Fri, 21 Oct 2022 | €51.1b | €78.5b | €9.0b | 10.6x | 5.7x | 0.7x |
| Sun, 18 Sep 2022 | €50.3b | €75.6b | €9.2b | 10.5x | 5.5x | 0.7x |
| Tue, 16 Aug 2022 | €50.1b | €68.9b | €8.4b | 11.2x | 6x | 0.7x |
| Thu, 14 Jul 2022 | €46.6b | €67.6b | €5.4b | 11.1x | 8.6x | 0.7x |
| Sat, 11 Jun 2022 | €50.1b | €67.7b | €5.4b | 11.4x | 9.2x | 0.7x |
| Mon, 09 May 2022 | €50.6b | €62.1b | €4.3b | 12.2x | 11.7x | 0.8x |
| Wed, 06 Apr 2022 | €51.8b | €59.0b | €3.7b | 12.7x | 13.8x | 0.9x |
| Fri, 04 Mar 2022 | €48.1b | €53.6b | €3.7b | 14.7x | 13.1x | 0.9x |
| Sun, 30 Jan 2022 | €49.9b | €52.0b | €3.5b | 15.1x | 14.3x | 1x |
| Tue, 28 Dec 2021 | €47.7b | €51.3b | €3.5b | 14.2x | 13.8x | 0.9x |
| Thu, 25 Nov 2021 | €46.2b | €49.1b | €3.3b | 14.6x | 13.9x | 0.9x |
| Sat, 23 Oct 2021 | €47.2b | €48.1b | €3.1b | 15.5x | 15.3x | 1x |
| Mon, 20 Sep 2021 | €47.7b | €47.7b | €2.5b | 19.3x | 18.7x | 1x |
| Wed, 18 Aug 2021 | €45.8b | €46.7b | €2.6b | 20.4x | 17.6x | 1x |
Price to Earnings Ratio
17.3x
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 8.4x which is lower than its 3-year average PE of 9.5x.
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 21% 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 | 1.81% | |
| Consumer Staples | 3.09% | |
| Energy | 3.00% | |
| Industrials | 2.44% | |
| Telecom | 2.29% | |
| Consumer Discretionary | 1.98% | |
| Financials | 1.97% | |
| Materials | 1.96% | |
| Tech | 1.30% | |
| Utilities | 1.05% | |
| Healthcare | 0.56% | |
| Real Estate | -2.88% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 20.2x.
- 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 5.2x.
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 29% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 30% 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 | |
|---|---|---|---|---|---|---|
| MYTIL Metlen Energy & Metals | €36.88 | 4.3% +€209.8m | 18.6% | PE8.2x | Industrials | |
| TPEIR Piraeus Financial Holdings | €3.72 | 3.7% +€171.4m | 17.3% | PB0.6x | Financials | |
| ALPHA Alpha Services and Holdings | €1.66 | 4.2% +€155.9m | 8.3% | PB0.5x | Financials | |
| ELPE HELLENiQ ENERGY Holdings | €8.23 | 5.2% +€125.3m | 5.2% | PE5x | Energy | |
| HTO Hellenic Telecommunications Organization | €13.82 | 2.3% +€124.2m | -7.2% | PE10.7x | Telecom |
