Piraeus Financial Holdings (TPEIR) Fair Value & Analysis

Financial Services · GR · Market cap €11.5B

A solid business, screening 14% undervalued on our models.

What matters now

• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
• Our model range runs from €8.49 (bear) to €14.14 (bull), base €11.31. The closer the price sits to the lower half, the larger the margin of safety.
• Quality 61/100 (solid quality) with high evidence: the data supports the verdict.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 27, 2026.

How to read this chart

60‑month range €0.6605 – €10.10 · fair‑value band €8.49 – €14.14 · the €9.95 price screens below the €11.31 fair value. Dashed = 300-day average. As of Jul 27, 2026.

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Analysis

Piraeus Financial Holdings (TPEIR) currently trades at €9.95, while our model-based Fair Value estimate is €11.31, implying the stock looks roughly 13.7% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Piraeus Financial Holdings generated revenue of €2.5B at a net margin of 42.6%. Revenue grew 0.5% year over year. It earns a return on equity of 11.6%. The stock trades on a trailing P/E of 10.9. Fundamentals as of Jul 27, 2026

Our scenario range runs from €8.49 (bear case) to €14.14 (bull case); at €9.95, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 86% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at 14%, TPEIR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples (€10.59) versus Asset-Based (€5.07). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Piraeus Financial Holdings S.A., together with its subsidiaries, engages in the provision of banking products and services in Greece and internationally. It operates through Retail Banking, Corporate Banking, Piraeus Financial Markets, Other, and NPE Management Unit segments.

Full company description

Piraeus Financial Holdings S.A., together with its subsidiaries, engages in the provision of banking products and services in Greece and internationally. It operates through Retail Banking, Corporate Banking, Piraeus Financial Markets, Other, and NPE Management Unit segments. The company offers time, saving, and current deposits, as well as personal banking and payroll accounts; credit, debit, and prepaid cards; mortgage, commercial real estate, corporate, consumer, motor vehicle, sovereign, personal, home, farming, restructuring, and working capital loans; overdrafts; mutual funds, corporate and treasury bonds, equities, energy finance, and treasury products; and car, home and civil liability, health, endowment, accident/life, lifestyle, and corporate insurances. It also provides financial planning, asset management, payment/remittance, cash management, settlement, payroll, fixed income, foreign exchange, restructuring, risk management, stock exchange, corporate factoring, financial and operating leasing, and digital banking services. In addition, the company offers infrastructure advisory, project and real estate finance, remote banking, debt securities issuance, and commercial debt assessment and collection services. Further, it is involved in group life and health, and electronic and cyber risks insurance programs; portfolio, yachting, shopping center, property, city link areas, and real estate management services; insurance agency, land and real estate property development, and construction services; trading of boat vehicle, cars, and equipment; real estate purchase, sales, and rentals; and consulting, hotel and training, financial, telecommunication, and information technology services. Piraeus Financial Holdings S.A. was formerly known as Piraeus Bank S.A. The company was founded in 1916 and is headquartered in Athens, Greece.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Piraeus Financial Holdings reported revenue of €2.7B in FY2025 versus €2.3B in FY2021, a compound +3.9%/yr. Reported net income was €1.1B in FY2025.

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Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

• Piraeus Bank SA (PIRBF) (H1 2026) Earnings Call Highlights: Record Profits Amid Global Uncertainty Yahoo Finance · Jul 29, 2026
• Piraeus Bank S.A.: First Half 2026 Financial Results Yahoo Finance · Jul 29, 2026
• Piraeus Bank Strengthens Role in Greece’s Green Transition with Top Sustainable Fitch Assessment Yahoo Finance · Jul 1, 2026
• Piraeus Recognised as a European Climate Leader, for Sixth Year in a Row Yahoo Finance · May 29, 2026

Peer Group

Banks - Regional · 1083 stocks

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.

Valuation Multiples vs Banks - Regional median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.