Bank of Greece (TELL) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Bank of Greece €10.45, price €15.00, upside -30.3%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 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 Sep 24, 2026.
How to read this chart
60‑month range €12.90 – €17.25 · fair‑value band €7.84 – €13.06 · the €15.00 price screens above the €10.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Bank of Greece operates as the central bank of Greece.
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Bank of Greece operates as the central bank of Greece. It participates in the formulation and implementation of monetary policy in the euro area as a member of the Eurosystem; provides liquidity and accepts deposits from domestic credit institutions; supervises credit and various financial institutions, insurance and reinsurance undertakings, and insurance distributors, as well as financial institutions under liquidation; and operates as a national resolution authority for the credit and financial institutions. It also provides payment and securities settlement infrastructures; oversees payment systems and means of payment and clearing systems; coordinates with various parties in financial markets; operates electronic secondary securities market; and issues foreign exchange rates and maintains an archive of historical rates. In addition, the company sells and purchases gold sovereigns, bars, coins, and ingots; issues banknotes and coins, and daily price bulletins for gold and gold coins; collects, compiles, and publishes data on monetary and credit, balance of payments and international investment position, national financial accounts, and loan-by-loan credit data; and monitors and assesses developments in the financial systems, adopts measures to reduce the build-up of systemic risk, and enhance the resilience of the financial systems. Further, it prints euro banknotes, euro coins, collector and commemorative coins, securities of the Greek State, and other security documents; acts as treasurer and fiscal agent for the Greek government; executes domestic and cross-border payment orders on behalf of the Greek government; manages the collective investment portfolio of social security organizations and legal entities; and provides custody and depository services to Greek government. The company operates through a network of 15 branches, 32 agencies, and 4 outlets. The company was founded in 1927 and is headquartered in Athens, Greece.
Stock analysis
Bank of Greece (TELL) currently trades at €15.00, while our model-based Fair Value estimate is €10.45, implying the stock looks roughly 43.5% overvalued today.
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Valuation
How firm this estimate is: it rests on 11 models at a data quality of 89/100, which puts the evidence level at low.
Scenario range: €7.84 (bear) to €13.06 (bull), the price of €15.00 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 59/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Bank of Greece reported revenue of €908M in FY2025 versus €993M in FY2021, a compound −2.2%/yr. Reported net income was €258M in FY2025, compounding −47.0%/yr from FY2021.
Key figures
Market cap €298M · P/E ratio 1.2 · P/S ratio 0.33 · EPS (TTM) €12.97 · Dividend yield 4.5% · Net margin 28.4% · Return on equity 7.3% · Return on assets (EBIT) 0.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at −30%, TELL screens cheaper than that median.
Fair Value models
Bear €7.84Fair Value €10.45Bull €13.06
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 2025 figures (about 9 months old). Earnings retained since then (€9.03 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.49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+132.0%
Revenue growth 3 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.
+1.0%
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.
+5.6%
Start year 2020 (pandemic). Over 10 years: −4.8% a year
Revenue growth 11 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.
−0.8%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−36.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−40.5%
Dividend (yield on the price)4.5%
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.66% → 82%
2025 sits 161% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 12.3%/yr over ~5Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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 · 1076 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside−31% · Below median
Profitability
Return on equity (TTM)7% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)36% · Above median
Operating margin (TTM)36% · Below median
Growth and dividend
Revenue growth0% · Bottom 25%
Dividend yield (TTM)4.5% · Top 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
P/E (TTM)1.2× · Cheapest 25%
P/B0.10× · Cheapest 25%
P/S (TTM)0.48× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)0· sector 45
PAST (return on equity)29· sector 41
HEALTH (low debt)0· sector 85
DIVIDEND (yield)90· 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). "Bank of Greece Fair Value". https://www.fairvalue-calculator.com/stock/TELL
Frequently asked questions
Is Bank of Greece (TELL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of €10.45 versus a price of €15.00, about −30% upside (overvalued).
What is the fair value of TELL?
Our model-based fair value for Bank of Greece is €10.45 (as of Sep 24, 2026), built from audited fundamentals. The current price: €15.00.
What is the quality score of TELL?
Bank of Greece has a Quality Score of 59/100. 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 Bank of Greece (TELL)?
Our model-based price target is the fair value of €10.45 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario €7.84, optimistic scenario €13.06. It is a calculation from audited fundamentals, not an analyst target.
What is the Bank of Greece stock forecast for 2026?
Our models put fair value at €10.45, about −30% upside versus a price of €15.00 (overvalued). Cautious scenario €7.84, optimistic scenario €13.06. The calculation is refreshed regularly with new filings.
What is the revenue of Bank of Greece (TELL)?
Bank of Greece reported trailing-twelve-month revenue of about €712M (latest available figure, as of Sep 24, 2026).
Does Bank of Greece pay a dividend?
Bank of Greece currently shows a dividend yield of about 4.48% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Bank of Greece (TELL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bank of Greece it is €10.45 per share (as of Sep 24, 2026), against a price of €15.00. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Bank of Greece stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TELL trades above its calculated fair value: price €15.00, fair value €10.45, a gap of about −30% (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 TELL?
No. The price is what the market pays today (€15.00); the fair value is what the company's own numbers justify (€10.45). For Bank of Greece the two are €4.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bank of Greece worth?
The market values Bank of Greece at about €298M (market capitalisation, as of Sep 24, 2026). Per share that is €15.00; our models calculate a fair value of €10.45 per share.
What do the bullish and bearish scenarios say about TELL?
Our models span a range for Bank of Greece: cautious scenario €7.84, base €10.45, optimistic €13.06 per share (as of Sep 24, 2026, price €15.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TELL?
Bank of Greece trades at a price-to-earnings ratio of 1.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €10.45 is built from several models across several years. Other multiples: P/B 0.1, P/S 0.5.
How solid is the balance sheet of Bank of Greece (TELL)?
Balance-sheet figures for Bank of Greece (as of Sep 24, 2026): return on equity 7.3%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is TELL from its 52-week high?
Bank of Greece trades at €15.00, about 13% below its 52-week high of €17.25 and 3% above the low of €14.60 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of €10.45 is for.
Which stocks are comparable to Bank of Greece?
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 Bank of Greece stock attractive at the current price?
The data as of Sep 24, 2026: price €15.00, calculated fair value €10.45 (−30%), Quality Score 59/100, from 4 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 TELL calculated?
We run Bank of Greece through 4 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 €10.45, 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 13.0 % above its aggregate fair value. Bank of Greece 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 Bank of Greece (TELL)?
The closing price on Sep 24, 2026 was €15.00. Our model-based fair value is €10.45, about −30% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bank of Greece right now?
The price sits above even our optimistic bull case (€13.06). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (59/100) 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 Bank of Greece
How large is the market capitalisation of Bank of Greece (TELL)?
The market capitalisation of Bank of Greece is €298M. 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 Bank of Greece (TELL)?
The price-to-sales ratio of Bank of Greece is 0.33 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bank of Greece (TELL)?
Earnings per share at Bank of Greece are €12.97 (price ÷ EPS = P/E 1.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bank of Greece (TELL)?
The dividend yield of Bank of Greece is 4.5% (payout 5.2%). 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 Bank of Greece (TELL)?
The net margin of Bank of Greece is 28.4% (fiscal year 2025). 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 Bank of Greece (TELL)?
The return on equity (ROE) of Bank of Greece is 7.3% (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 Bank of Greece (TELL)?
On an EBIT basis the return on assets of Bank of Greece is 0.7% (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 Bank of Greece (TELL)?
The operating margin of Bank of Greece is 36.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
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