The Greek market and its top stocks appear cheap

Article Excerpt

The Greek stock market’s long-term performance is poor—since the country’s stock market peaked in late 2007, it has lost more than 80% of its value. Still, the market has now bounced back to where it was before the pandemic hit in March 2020—and its long-term outlook is positive. Meanwhile, the companies included in the Global X MSCI Greece ETF appear inexpensive. They trade at on an average price-to-earnings ratio of just 8.3 times and a price-to-cash flow ratio of only 3.4 times. Here’s a look at three top stocks in the ETF: Eurobank Ergasias Services and Holdings SA is a financial services company active in retail, corporate and private banking, asset management, treasury, capital markets and other services. The Greek Organisation of Football Prognostics conducts, manages, organizes and operates lotteries as well as sports and other betting games. These are offered through an online and land-based sales network with points of sales in Greece, as well as shops in Cyprus. Mytilineos SA is an industrial conglomerate active in power generation…