Piraeus Financial Holdings S.A (TPEIR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Piraeus Financial Holdings S.A stock €7.08, price €9.63, that is 26.5% below the price, quality 52 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Piraeus Financial Holdings S.A
TPEIR · ATOur calculation puts a fair price 27% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range €0.6605 – €10.97 · fair‑value band €5.79 – €8.63 · the €9.63 price screens above the €7.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
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.
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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.
Stock analysis
Piraeus Financial Holdings S.A (TPEIR) currently trades at €9.63, while our model-based Fair Value estimate is €7.08, 27% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €7.71 per share, and 1 of the 6 models we run sit above the €9.63 price.
Bear case: the Dividend Discount group reads lowest at €3.82, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: €5.79 (bear) to €8.63 (bull), the price of €9.63 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 52/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Piraeus Financial Holdings S.A 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.
Key figures
Market cap €12.5B Large · P/E ratio 10.9 · P/S ratio 4.63 · EPS (TTM) €0.8800 · Dividend yield 4.2% · Net margin 42.5% · Return on equity 12.1% · Return on assets (EBIT) 0.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 46% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −27%, TPEIR screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
TPEIR screens overvalued: fair value 27% below the price. Compare with China Merchants Bank Co →
Recent news
- Piraeus Bank S.A.: Nine Month 2026 Financial Results
- Piraeus Certified Top Employer Greece 2026
- Piraeus Bank Priced a €500mn 6 Non-Call 5 Year Tenor Senior Preferred Bond at a Spread of 90bps
- Piraeus Bank SA (PIRBF) (H1 2026) Earnings Call Highlights: Record Profits Amid Global Uncertainty
Compare Piraeus Financial Holdings S.A with another stock
Price, fair value, quality and upside side by side.
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 · 998 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- Stock screener with 62 metrics
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs TPEIR |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs TPEIR |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs TPEIR |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs TPEIR |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs TPEIR |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs TPEIR |
| Mizuho Financial Group MFG | $9.40 | $5.90 | −37% | vs TPEIR |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs TPEIR |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs TPEIR |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs TPEIR |
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Frequently asked questions
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Key figures of Piraeus Financial Holdings S.A
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