Alpha Services and Holdings S.A. (ALPHA) fair value: what the stock is really worth
We calculate from audited financials what Alpha Services and Holdings S.A. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of May 31, 2026.
How to read this chart
60‑month range €0.6795 – €4.91 · fair‑value band €1.86 – €3.10 · the €4.63 price screens above the €2.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of May 31, 2026.
Alpha Services and Holdings S.A., together with its subsidiaries, provides various banking and financial products and services to individuals, professionals, and companies in Greece and internationally.
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Alpha Services and Holdings S.A., together with its subsidiaries, provides various banking and financial products and services to individuals, professionals, and companies in Greece and internationally. It operates through Retail Banking, Corporate Banking, Asset Management and Insurance, Investment Banking and Treasury, South Eastern Europe, and Other segments. The company offers various deposit products, including deposits/savings accounts, working capital/current accounts, checking accounts, investment facilities/term deposits, repos, and swaps; loans comprising mortgage loans, consumer loans, working capital facilities, corporate loans, and letters of guarantee; and debit and credit cards. It also provides leasing and factoring services; asset management services; insurance products; stock exchange, advisory, and brokerage services relating to capital markets; investment banking facilities, as well as deals in interbank market activities and securitization transactions; and mobile and Web banking services. Further, the company provides in the real estate management and hotel services. The company was founded in 1879 and is based in Athens, Greece.
Stock analysis
Alpha Services and Holdings S.A. (ALPHA) currently trades at €4.63, while our model-based Fair Value estimate is €2.48, implying the stock looks roughly 86.8% overvalued today.
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Valuation
How firm this estimate is: it rests on 13 models at a data quality of 0/100, which puts the evidence level at medium.
Scenario range: €1.86 (bear) to €3.10 (bull), the price of €4.63 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Alpha Services and Holdings S.A. reported revenue of €2.3B in FY2024 versus €2.6B in FY2020, a compound −2.9%/yr. Reported net income was €4.3M in FY2025.
Key figures
Market cap €10.7B · P/E ratio 12.5 · P/S ratio 4.90 · EPS (TTM) €0.3700 · Dividend yield 2.4% · Net margin 49.1% · Return on equity 10.3% · Return on assets (EBIT) −0.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 77% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −46%, ALPHA screens richer than that median.
Fair Value models
Bear €1.86Fair Value €2.48Bull €3.10
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then (€0.2570 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.47/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.4%
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+38.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.6%
Dividend (yield on the price)2.4%
Profit margin 2014 to 2019 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−148% → 12%
News mood ⓘNews mood, the average tone of recent news (18 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Compare Alpha Services and Holdings S.A. with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1074 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−47% · Bottom 25%
Profitability
Return on equity (TTM)10% · Above median
Return on assets1% · Above median
Net margin (TTM)49% · Top 25%
Operating margin (TTM)48% · Above median
Growth and dividend
Revenue growth12% · Above median
Dividend yield (TTM)2.4% · Below median
Balance sheet
Debt / equity331,253.29× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)12.5× · Pricier than median
P/S (TTM)5.61× · Priciest 25%
PEG1.11× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)58· sector 45
PAST (return on equity)41· sector 41
HEALTH (low debt)0· sector 85
DIVIDEND (yield)49· sector 53
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Alpha Services and Holdings S.A. Fair Value". https://www.fairvalue-calculator.com/stock/ALPHA
Frequently asked questions
Is Alpha Services and Holdings S.A. (ALPHA) overvalued or undervalued?
As of May 31, 2026, our model estimates a fair value of €2.48 versus a price of €4.63, about −46% upside (overvalued).
What is the fair value of ALPHA?
Our model-based fair value for Alpha Services and Holdings S.A. is €2.48 (as of May 31, 2026), built from audited fundamentals. The current price: €4.63.
What is the quality score of ALPHA?
Alpha Services and Holdings S.A. has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Alpha Services and Holdings S.A. (ALPHA)?
Our model-based price target is the fair value of €2.48 (as of May 31, 2026) from 3 valuation models. Cautious scenario €1.86, optimistic scenario €3.10. It is a calculation from audited fundamentals, not an analyst target.
What is the Alpha Services and Holdings S.A. stock forecast for 2026?
Our models put fair value at €2.48, about −46% upside versus a price of €4.63 (overvalued). Cautious scenario €1.86, optimistic scenario €3.10. The calculation is refreshed regularly with new filings.
What is the revenue of Alpha Services and Holdings S.A. (ALPHA)?
Alpha Services and Holdings S.A. reported trailing-twelve-month revenue of about €1.8B (latest available figure, as of May 31, 2026).
Does Alpha Services and Holdings S.A. pay a dividend?
Alpha Services and Holdings S.A. currently shows a dividend yield of about 2.44% relative to its recent price (as of May 31, 2026).
What is the intrinsic value of Alpha Services and Holdings S.A. (ALPHA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Alpha Services and Holdings S.A. it is €2.48 per share (as of May 31, 2026), against a price of €4.63. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Alpha Services and Holdings S.A. stock overvalued or undervalued in 2026?
As of May 31, 2026, ALPHA trades above its calculated fair value: price €4.63, fair value €2.48, a gap of about −46% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ALPHA?
No. The price is what the market pays today (€4.63); the fair value is what the company's own numbers justify (€2.48). For Alpha Services and Holdings S.A. the two are €2.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is Alpha Services and Holdings S.A. worth?
The market values Alpha Services and Holdings S.A. at about €10.7B (market capitalisation, as of May 31, 2026). Per share that is €4.63; our models calculate a fair value of €2.48 per share.
What do the bullish and bearish scenarios say about ALPHA?
Our models span a range for Alpha Services and Holdings S.A.: cautious scenario €1.86, base €2.48, optimistic €3.10 per share (as of May 31, 2026, price €4.63). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALPHA?
Alpha Services and Holdings S.A. trades at a price-to-earnings ratio of 12.5 (as of May 31, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €2.48 is built from several models across several years. Other multiples: PEG 1.1, P/S 5.6.
What is the PEG ratio of ALPHA?
The PEG ratio of Alpha Services and Holdings S.A. is 1.11 (P/E divided by earnings growth, as of May 31, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Alpha Services and Holdings S.A. (ALPHA)?
Balance-sheet figures for Alpha Services and Holdings S.A. (as of May 31, 2026): return on equity 10.3%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is ALPHA from its 52-week high?
Alpha Services and Holdings S.A. trades at €4.63, about 3% below its 52-week high of €4.49 and 77% above the low of €2.61 (as of May 31, 2026). Distance from the high says nothing about value: that is what the fair value of €2.48 is for.
Which stocks are comparable to Alpha Services and Holdings S.A.?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Alpha Services and Holdings S.A. stock attractive at the current price?
The data as of May 31, 2026: price €4.63, calculated fair value €2.48 (−46%), Quality Score 47/100, from 3 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ALPHA calculated?
We run Alpha Services and Holdings S.A. through 3 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €2.48, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Alpha Services and Holdings S.A. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Alpha Services and Holdings S.A. (ALPHA)?
The closing price on Sep 22, 2026 was €4.63. Our model-based fair value is €2.48, about −46% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Alpha Services and Holdings S.A. right now?
The price sits above even our optimistic bull case (€3.10). The favourable scenario is already priced in. Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Alpha Services and Holdings S.A.
How large is the market capitalisation of Alpha Services and Holdings S.A. (ALPHA)?
The market capitalisation of Alpha Services and Holdings S.A. is €10.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Alpha Services and Holdings S.A. (ALPHA)?
The price-to-sales ratio of Alpha Services and Holdings S.A. is 4.90 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Alpha Services and Holdings S.A. (ALPHA)?
Earnings per share at Alpha Services and Holdings S.A. are €0.3700 (price ÷ EPS = P/E 12.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Alpha Services and Holdings S.A. (ALPHA)?
The dividend yield of Alpha Services and Holdings S.A. is 2.4% (payout 30.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Alpha Services and Holdings S.A. (ALPHA)?
The net margin of Alpha Services and Holdings S.A. is 49.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Alpha Services and Holdings S.A. (ALPHA)?
The return on equity (ROE) of Alpha Services and Holdings S.A. is 10.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Alpha Services and Holdings S.A. (ALPHA)?
On an EBIT basis the return on assets of Alpha Services and Holdings S.A. is −0.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Alpha Services and Holdings S.A. (ALPHA)?
The operating margin of Alpha Services and Holdings S.A. is 48.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Alpha Services and Holdings S.A. (ALPHA)?
Revenue at Alpha Services and Holdings S.A. is growing +11.6% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Alpha Services and Holdings S.A. (ALPHA)?
Earnings per share at Alpha Services and Holdings S.A. are growing −19.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Alpha Services and Holdings S.A. (ALPHA) generate?
The free cash flow of Alpha Services and Holdings S.A. is −€627M (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Alpha Services and Holdings S.A. (ALPHA) carry?
The net debt of Alpha Services and Holdings S.A. is €329M (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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