National Bank of Greece S.A. (ETE.AT) stock analysis

In our weekly check, National Bank of Greece S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 7, red flags: 2.

About National Bank of Greece S.A.

National Bank of Greece S.A. is a Financial Services company (Banks - Regional) based in Greece, listed on ATH as ETE.AT.

What our checks show for ETE.AT

Red flags

• The gross margin fell by 4.7 points, to 88.4%: costs are rising faster than prices.
• The stock has fallen as much as 100% from a peak. Would you have held through that?

Warning signs

• Operating cash flow is only 0.71x net profit: part of the reported profit does not arrive as cash.
• Free cash flow covers the dividend only 0.6 times.
• The price swings a lot: 36.1% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 7.6%.

Strengths

• Analysts expect earnings per share to grow about 17.6% a year over the next years.
• Analysts expect the net margin to improve by 14.2 points from today's 39.4%.
• The company keeps 39.4% of its revenue as net profit.
• A large company: market value $15.08 billion.
• Beta 0.56: the stock usually moves less than the market.
• Actively traded: about 3 million shares a day.

Next earnings report: 2026-11-05

Similar companies

BKT.MC · FBK.MI · EUROB.AT · BSAC · BG.VI · PNFP

Questions

What grade does National Bank of Greece S.A. (ETE.AT) have?

In our weekly check, National Bank of Greece S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 7, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ETE.AT stock?

This week's biggest flags for National Bank of Greece S.A.: Gross margin falling, Deep past fall, Profits not backed by cash. In total 9 of 25 checks show a warning or a red flag.

What does National Bank of Greece S.A. do?

National Bank of Greece S.A. is a Financial Services company (Banks - Regional) based in Greece, listed on ATH as ETE.AT.

When does National Bank of Greece S.A. report earnings next?

The next earnings report is expected on 2026-11-05. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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