Greece Stock Market PE Ratio

The Greece Stock Market currently trades at a current P/E ratio of 10.58 as of October 24, 2025.

Over the past five years, the median P/E has been 9.52, putting today's valuation in the 68.3th percentile of that range. Looking at the longer 10-year period, where the median sits at 11.83, the current reading ranks in the 38.3th percentile - a level historically associated with Undervalued pricing. The 20-year median of 11.29 provides additional context, with the current ratio close to the median of that extended timeframe.

This analysis is based on the Global X MSCI Greece ETF (GREK) which serves as the benchmark for the Greece market.

Since February 1996, the Global X MSCI Greece ETF has recorded a median P/E ratio of 12.47 over 30 years. Against this full historical backdrop, the current valuation sits in the 34.2th percentile of all recorded readings, indicating that the market is trading below its long-term median.

Historical P/E Comparison

The table below compares the current P/E Ratio (10.58) with its historical median and percentile rankings.

Time Period	Median PE Ratio	Percentile Rank	Valuation
1 Year	9.64	91.7	Expensive
5 Year	9.52	68.3	Overvalued
10 Year	11.83	38.3	Undervalued
20 Year	11.29	45.4	Fair Value
Since Feb 1996	12.47	34.2	Undervalued

Returns vs P/E Ratio

Over the past decade, the PE rose from 9.7 (26.2th percentile) to 10.58 (38.3th percentile). Annualized total return over this period was 7.1%. Percentile rank indicates position within the historical distribution. Lower valuations do not guarantee near-term gains; markets can stay discounted for long, though starting points are generally more supportive for long-horizon outcomes.

Time Period	Starting PE Ratio	Starting Percentile	Total Return	Annualized Return
1 Year	6	3.2	+59%	+59%
3 Year	9.4	19.9	+167.6%	+38.8%
5 Year	11.19	33	+227.6%	+26.8%
10 Year	9.72	26.2	+98.4%	+7.1%

Historical Data (1996-2025)

Date	Current PE Ratio
Oct 2025	10.58
Sep 2025	11.09
Aug 2025	10.42
Jul 2025	10.49
Jun 2025	10.06
May 2025	9.53
Apr 2025	9.75
Mar 2025	8.49
Feb 2025	8.40
Jan 2025	7.89
Dec 2024	5.68
Nov 2024	5.77
Oct 2024	6
Sep 2024	7.12
Aug 2024	7.12
Jul 2024	6.94
Jun 2024	6.75
May 2024	7.26
Apr 2024	7.67
Mar 2024	7.19
Feb 2024	7.02
Jan 2024	6.70
Dec 2023	6.77
Nov 2023	7.11
Oct 2023	7.07
Sep 2023	6.57
Aug 2023	7.11
Jul 2023	7.30
Jun 2023	7.22
May 2023	7.10
Apr 2023	6.65
Mar 2023	7.18
Feb 2023	10.50
Jan 2023	9.81
Dec 2022	9.81
Nov 2022	9.50
Oct 2022	9.40
Sep 2022	9.40
Aug 2022	9.69
Jul 2022	9.24
Jun 2022	9.24
May 2022	10.30
Apr 2022	14
Mar 2022	12.66
Feb 2022	14.15
Jan 2022	14.15
Dec 2021	13.84
Nov 2021	12.18
Oct 2021	12.29
Sep 2021	12.65
Aug 2021	11.83
Jul 2021	11.83
Jun 2021	13.03
May 2021	12.62
Apr 2021	12.50
Mar 2021	12.50
Feb 2021	12.17
Jan 2021	12.50
Dec 2020	12.50
Nov 2020	13.67
Oct 2020	11.19
Sep 2020	12.31
Aug 2020	12.31
Jul 2020	13.44
Jun 2020	13.44
May 2020	11.77
Apr 2020	10.87
Mar 2020	7.79
Feb 2020	11.61
Jan 2020	12.68
Dec 2019	12.68
Nov 2019	12.96
Oct 2019	12.57
Sep 2019	12.57
Aug 2019	12.66
Jul 2019	13.03
Jun 2019	13.03
May 2019	12.63
Apr 2019	12.70
Mar 2019	12.28
Feb 2019	12.44
Jan 2019	11.72
Dec 2018	11.39
Nov 2018	11.61
Oct 2018	11.85
Sep 2018	13.08
Aug 2018	13.50
Jul 2018	11.77
Jun 2018	11.79
May 2018	12.20
Apr 2018	13.33
Mar 2018	13.05
Feb 2018	14.36
Jan 2018	14.36
Dec 2017	14.36
Nov 2017	14.36
Oct 2017	14.36
Sep 2017	14.36
Aug 2017	14.36
Jul 2017	14.36
Jun 2017	14.81
May 2017	14.81
Apr 2017	13.86
Mar 2017	12.68
Feb 2017	12.68
Jan 2017	13.61
Dec 2016	12.70
Nov 2016	12.72
Oct 2016	12.72
Sep 2016	12.40
Aug 2016	12.62
Jul 2016	12.10
Jun 2016	11.56
May 2016	12.14
Apr 2016	11.11
Mar 2016	10.77
Feb 2016	9.50
Jan 2016	7.91
Dec 2015	8.65
Nov 2015	7.79
Oct 2015	9.72
Sep 2015	8.20
Aug 2015	8.63
Jul 2015	10.10
Jun 2015	10.98
May 2015	9.95
Apr 2015	7.80
Mar 2015	9.24
Feb 2015	10.48
Jan 2015	10.44
Dec 2014	10.88
Nov 2014	11.88
Oct 2014	13.11
Sep 2014	14.46
Aug 2014	17.29
Jul 2014	18.72
Jun 2014	20
May 2014	24.93
Apr 2014	29.36
Mar 2014	25.46
Feb 2014	26.24
Jan 2014	28.02
Dec 2013	15.87
Nov 2013	15.03
Oct 2013	15.01
Sep 2013	14.19
Aug 2013	13.23
Jul 2013	11
Jun 2013	10.52
May 2013	12.07
Apr 2013	13.54
Mar 2013	18.69
Feb 2013	16.91
Jan 2013	15.59
Dec 2012	13.67
Nov 2012	12.47
Oct 2012	12.13
Sep 2012	9.77
Aug 2012	8.41
Jul 2012	8
Jun 2012	6.59
May 2012	5.43
Apr 2012	7.40
Mar 2012	7.85
Feb 2012	8
Jan 2012	7.78
Dec 2011	6.92
Nov 2011	5.55
Oct 2011	4.22
Sep 2011	4.97
Aug 2011	5.62
Jul 2011	6.92
Jun 2011	7.53
May 2011	7.71
Apr 2011	8.18
Mar 2011	8.62
Feb 2011	9.17
Jan 2011	7.65
Dec 2010	8.51
Nov 2010	8.99
Oct 2010	8.99
Sep 2010	8.57
Aug 2010	8.85
Jul 2010	8.54
Jun 2010	7.50
May 2010	7.22
Apr 2010	8.47
Mar 2010	8.83
Feb 2010	7.83
Jan 2010	8.09
Dec 2009	8.36
Nov 2009	9.78
Oct 2009	11.09
Sep 2009	11.10
Aug 2009	10.73
Jul 2009	9.74
Jun 2009	9.90
May 2009	9.08
Apr 2009	7.69
Mar 2009	5.53
Feb 2009	5.59
Jan 2009	5.34
Dec 2008	4.78
Nov 2008	4.78
Oct 2008	6.06
Sep 2008	7.50
Aug 2008	7.88
Jul 2008	7.88
Jun 2008	9.18
May 2008	10.01
Apr 2008	9.57
Mar 2008	9.57
Feb 2008	10.51
Jan 2008	12.88
Dec 2007	12.69
Nov 2007	13.08
Oct 2007	13.65
Sep 2007	13.38
Aug 2007	12.59
Jul 2007	13.44
Jun 2007	13.68
May 2007	13.68
Apr 2007	14.15
Mar 2007	13.21
Feb 2007	14.23
Jan 2007	13.10
Dec 2006	13.10
Nov 2006	13.32
Oct 2006	12.92
Sep 2006	13.05
Aug 2006	12.80
Jul 2006	12.29
Jun 2006	12.62
May 2006	13.14
Apr 2006	14.99
Mar 2006	15.69
Feb 2006	15.61
Jan 2006	14.30
Dec 2005	14.52
Nov 2005	14.52
Oct 2005	14.59
Sep 2005	14.59
Aug 2005	14.36
Jul 2005	14.36
Jun 2005	13.94
May 2005	13.60
Apr 2005	14.96
Mar 2005	15.72
Feb 2005	14.93
Jan 2005	14.51
Dec 2004	13.72
Nov 2004	13.18
Oct 2004	12.74
Sep 2004	12.28
Aug 2004	12.86
Jul 2004	12.86
Jun 2004	13.56
May 2004	13.82
Apr 2004	14.05
Mar 2004	14.81
Feb 2004	14.81
Jan 2004	13.31
Dec 2003	13.09
Nov 2003	12.88
Oct 2003	12.88
Sep 2003	13.40
Aug 2003	13.40
Jul 2003	13.16
Jun 2003	12.25
May 2003	11.11
Apr 2003	9.97
Mar 2003	10.28
Feb 2003	10.72
Jan 2003	11
Dec 2002	11.47
Nov 2002	11.47
Oct 2002	11.87
Sep 2002	12.34
Aug 2002	13.12
Jul 2002	13.49
Jun 2002	14.27
May 2002	13.79
Apr 2002	12.72
Mar 2002	13.24
Feb 2002	13.37
Jan 2002	14.06
Dec 2001	14.06
Nov 2001	13.36
Oct 2001	10.64
Sep 2001	11.87
Aug 2001	10.60
Jul 2001	12.10
Jun 2001	13.48
May 2001	14.83
Apr 2001	14.92
Mar 2001	14.63
Feb 2001	14.63
Jan 2001	15
Dec 2000	16.36
Nov 2000	16.66
Oct 2000	16.66
Sep 2000	16.10
Aug 2000	16.10
Jul 2000	16.73
Jun 2000	17.14
May 2000	16.08
Apr 2000	18.36
Mar 2000	21.18
Feb 2000	21.30
Jan 2000	22.04
Dec 1999	22.48
Nov 1999	22.87
Oct 1999	26.20
Sep 1999	23.54
Aug 1999	20.48
Jul 1999	20.25
Jun 1999	21.29
May 1999	20.34
Apr 1999	20.34
Mar 1999	19.59
Feb 1999	19.19
Jan 1999	17
Dec 1998	13.66
Nov 1998	11.87
Oct 1998	13.70
Sep 1998	14.66
Aug 1998	16.35
Jul 1998	16.35
Jun 1998	17.42
May 1998	17.40
Apr 1998	17.09
Mar 1998	16.06
Feb 1998	12.71
Jan 1998	11.82
Dec 1997	11.05
Nov 1997	12.28
Oct 1997	13.43
Sep 1997	13.43
Aug 1997	13.87
Jul 1997	14.44
Jun 1997	14.06
May 1997	13.65
Apr 1997	12.64
Mar 1997	13
Feb 1997	12.04
Jan 1997	10.93
Dec 1996	8.90
Nov 1996	9
Oct 1996	9.67
Sep 1996	9.25
Aug 1996	8.75
Jul 1996	8.94
Jun 1996	8.94
May 1996	9.31
Apr 1996	9.71
Mar 1996	9.92
Feb 1996	9.65

Regional Peer Comparison

The table below shows a comparison of the current P/E Ratio (10.58) with regional peer markets.

Country	PE Ratio	Percentile Rank	Rating
Germany	17.89	95	Expensive
United Kingdom	18.89	99.20	Expensive
France	18.67	94.20	Expensive
Italy	12.80	68.30	Overvalued
Spain	13.26	80.80	Expensive

Definition: Trailing P/E Ratio

The trailing P/E ratio for Greece Stock Market shows how much investors are paying for one unit of the index's past earnings.
It is calculated as : P/E = Index level / Aggregated EPS
Aggregated EPS means the index's total earnings per share after weighting each stock in the index (usually by its market capitalization): Aggregated EPS = sum(weight_i * EPS_i). For trailing P/E, the EPS_i values are the actual earnings from the past 12 months.