Biggest Companies in Greece by Market Cap (October 25, 2023)

As of October 25, 2023, with its market capitalization of €5.6 billion, Eurobank Ergasias Services and Holdings has become the most valuable company in Greece, a latest report from CEOWORLD magazine showed. Organization of Football Prognostics S.A., which was valued at €5.5 billion, came in second place, followed by Hellenic Telecommunications Organization S.A. at €5.4 billion and National Bank of Greece S.A. at €5.2 billion.

Ranked: The Top 10 Biggest Companies in Greece by Market Capitalization

1. Eurobank Ergasias Services and Holdings
   Market Capitalization: €5.6 billion
   Eurobank Ergasias Services and Holdings has total assets of €81.5B and total equity of €7.5B. Total deposits are €56.0B, and total loans are €40.5B earning a Net Interest Margin of 1.9%. It has insufficient allowance for bad loans, which are currently at 5.2% of total loans. Cash and short-term investments are €13.9B.
2. Organization of Football Prognostics S.A.
   Market Capitalization: €5.5 billion
   Organization of Football Prognostics has a total shareholder equity of €997.9M and total debt of €660.1M, which brings its debt-to-equity ratio to 66.1%. Its total assets and total liabilities are €2.3B and €1.3B respectively. Organization of Football Prognostics’s EBIT is €631.9M making its interest coverage ratio 19.4. It has cash and short-term investments of €569.4M.
3. Hellenic Telecommunications Organization S.A.
   Market Capitalization: €5.4 billion
   Hellenic Telecommunications Organization has a total shareholder equity of €1.8B and total debt of €973.5M, which brings its debt-to-equity ratio to 54.6%. Its total assets and total liabilities are €5.3B and €3.5B respectively. Hellenic Telecommunications Organization’s EBIT is €708.5M making its interest coverage ratio 23.2. It has cash and short-term investments of €826.6M.
4. National Bank of Greece S.A.
   Market Capitalization: €5.2 billion
   National Bank of Greece has total assets of €72.8B and total equity of €7.1B. Total deposits are €57.2B, and total loans are €35.0B earning a Net Interest Margin of 2.1%. It has insufficient allowance for bad loans, which are currently at 4.9% of total loans. Cash and short-term investments are €10.2B.
5. Mytilineos S.A.
   Market Capitalization: €5 billion
   Mytilineos has a total shareholder equity of €2.4B and total debt of €2.1B, which brings its debt-to-equity ratio to 88%. Its total assets and total liabilities are €7.0B and €4.7B respectively. Mytilineos’s EBIT is €868.4M making its interest coverage ratio 13. It has cash and short-term investments of €908.1M.
6. Piraeus Financial Holdings S.A.
   Market Capitalization: €2.91 billion
   Piraeus Financial Holdings has total assets of €77.0B and total equity of €6.9B. Total deposits are €58.5B, and total loans are €35.8B.
7. Jumbo S.A.
   Market Capitalization: €3.5 billion
   Jumbo has a total shareholder equity of €1.4B and total debt of €283.1K, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are €1.6B and €251.9M respectively. Jumbo’s EBIT is €326.4M making its interest coverage ratio -48. It has cash and short-term investments of €456.5M.
8. Public Power Corporation, S.A.
   Market Capitalization: €3.3 billion
   Public Power has a total shareholder equity of €4.8B and total debt of €5.0B, which brings its debt-to-equity ratio to 103.3%. Its total assets and total liabilities are €18.8B and €14.0B respectively.
9. Alpha Services and Holdings
   Market Capitalization: €3 billion
   Alpha Services and Holdings has total assets of €72.9B and total equity of €7.0B. Total deposits are €56.4B, and total loans are €38.7B.
10. Motor Oil (Hellas) Corinth Refineries S.A.
    Market Capitalization: €2.4 billion
    Motor Oil (Hellas) Corinth Refineries has a total shareholder equity of €2.3B and total debt of €2.5B, which brings its debt-to-equity ratio to 110.5%. Its total assets and total liabilities are €7.1B and €4.8B respectively.

This list includes the biggest companies by their market capitalization or market cap, that is, the total value of all their outstanding shares of stock, rather than other measures such as sales. Market cap shows the total value investors give to the company, as they factor in not only the company’s current profitability but also its expected future profitability.

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