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Alpha Services and Holdings SA
ATHEX:ALPHA

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Alpha Services and Holdings SA
ATHEX:ALPHA
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Price: 3.575 EUR -2.05% Market Closed
Market Cap: €8.3B

P/S

3.4
Current
110%
More Expensive
vs 3-y average of 1.6

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
3.4
=
Market Cap
€8.1B
/
Revenue
€2.4B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
3.4
=
Market Cap
€8.1B
/
Revenue
€2.4B

Valuation Scenarios

Alpha Services and Holdings SA is trading above its 3-year average

If P/S returns to its 3-Year Average (1.6), the stock would be worth €1.7 (52% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-62%
Maximum Upside
+11%
Average Downside
35%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 3.4 €3.58
0%
3-Year Average 1.6 €1.7
-52%
5-Year Average 1.3 €1.37
-62%
Industry Average 3.8 €3.96
+11%
Country Average 2.2 €2.28
-36%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€8.1B
/
Oct 2025
€2.4B
=
3.4
Current
€8.1B
/
Dec 2025
€2.3B
=
3.5
Forward
€8.1B
/
Dec 2026
€2.5B
=
3.2
Forward
€8.1B
/
Dec 2027
€2.7B
=
3
Forward
€8.1B
/
Dec 2028
€2.8B
=
2.9
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

In line with most companies in Greece
Percentile
63rd
Based on 278 companies
63rd percentile
3.4
Low
0.2 — 1.1
Typical Range
1.1 — 3.8
High
3.8 —
Distribution Statistics
Greece
Min 0.2
30th Percentile 1.1
Median 2.2
70th Percentile 3.8
Max 2 671.8

Other Multiples

Alpha Services and Holdings SA
Glance View

Market Cap
8.3B EUR
Industry
Banking

Alpha Services and Holdings S.A., a stalwart in the Greek banking sector, operates as the parent company of Alpha Bank, a venerable institution with roots tracing back to 1879. Historically, the bank has navigated Greece’s tumultuous economic waters, reflecting the resilience and adaptability that define its corporate ethos. Alpha Bank engages in a diverse array of financial services, providing a solid foundation for the holding company’s operations. From retail, corporate, and investment banking to asset management and insurance services, Alpha Services is integrally woven into the fabric of Greek financial life. By maintaining a strong focus on customer-centric banking solutions, the company fosters robust relationships with its clientele, spanning individuals, small enterprises, and large corporations. Profitability for Alpha Services and Holdings S.A. stems from its broad financial product mix and strategic positioning in the market. The bank earns revenue through interest income from loans and mortgages, fees from transactional services, investment banking, and asset management. By leveraging its extensive branch network and digital banking platforms, Alpha facilitates seamless transactions and offers convenience to its customers, enhancing its operational efficiency. Furthermore, prudent risk management and regulatory compliance are crucial aspects of the bank’s strategy, safeguarding its financial health and ensuring sustainable growth amidst Greece's often volatile economy. Through these efforts, Alpha Services and Holdings S.A. aims to maintain its status as a key player in the banking industry, continuing a legacy of supporting economic development in Greece and beyond.

ALPHA Intrinsic Value
5.339 EUR
Undervaluation 33%
Intrinsic Value
Price €3.575
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