National Bank of Greece (LUX:GREEC) Cyclically Adjusted Revenue per Share: €18.96 (As of Mar. 2026)

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LUX:GREEC National Bank of Greece SA LUX:GREEC
55 GF Score
Price €92.25
GF Value €47.03
! 8 Warning Signs
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What is National Bank of Greece Cyclically Adjusted Revenue per Share?

National Bank of Greece LUX:GREEC 55 Cyclically Adjusted Revenue per Share is €18.96 as of Mar. 2026. GuruFocus rates LUX:GREEC with a GF Score™ of 55/100 and a GF Value™ of €47.03. The stock has 8 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

National Bank of Greece's adjusted revenue per share for the three months ended in Mar. 2026 was €0.792. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €18.96 for the trailing ten years ended in Mar. 2026.

During the past 12 months, National Bank of Greece's average Cyclically Adjusted Revenue Growth Rate was -65.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -78.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of National Bank of Greece was -7.70% per year. The lowest was -78.40% per year. And the median was -24.20% per year.

As of today (2026-07-15), National Bank of Greece's current stock price is €92.25281. National Bank of Greece's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €18.96. National Bank of Greece's Cyclically Adjusted PS Ratio of today is 4.87.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of National Bank of Greece was 5.81. The lowest was 0.01. And the median was 0.27.


National Bank of Greece  (LUX:GREEC) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

National Bank of Greece's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=92.25281/18.96
=4.87

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of National Bank of Greece was 5.81. The lowest was 0.01. And the median was 0.27.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


National Bank of Greece Cyclically Adjusted Revenue per Share Related Terms


National Bank of Greece Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for National Bank of Greece's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

National Bank of Greece Cyclically Adjusted Revenue per Share Chart

National Bank of Greece Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24,035.44 6,456.71 387.78 125.01 18.66

National Bank of Greece Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 77.61 39.35 19.85 18.66 18.96

LUX:GREEC vs PNC, USB: Cyclically Adjusted Revenue per Share Comparison

For the Banks - Regional subindustry, National Bank of Greece's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


National Bank of Greece Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, National Bank of Greece's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where National Bank of Greece's Cyclically Adjusted PS Ratio falls into.


LUX:GREEC
55GF Score
National Bank of Greece SA LUX:GREEC
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Bank of Greece Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, National Bank of Greece's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.792/124.8200*124.8200
=0.792

Current CPI (Mar. 2026) = 124.8200.

National Bank of Greece Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.438 100.121 0.546
201609 0.482 99.878 0.602
201612 0.537 100.110 0.670
201703 0.508 100.770 0.629
201706 0.446 101.138 0.550
201709 0.401 100.882 0.496
201712 0.595 100.762 0.737
201803 0.444 100.534 0.551
201806 0.404 102.121 0.494
201809 0.384 101.982 0.470
201812 0.459 101.330 0.565
201903 0.488 101.482 0.600
201906 0.455 101.837 0.558
201909 0.514 101.906 0.630
201912 0.545 102.120 0.666
202003 1.193 101.479 1.467
202006 0.365 100.239 0.455
202009 0.449 99.886 0.561
202012 0.829 99.751 1.037
202103 0.934 99.817 1.168
202106 0.362 101.270 0.446
202109 0.380 102.095 0.465
202112 0.422 104.853 0.502
202203 0.497 108.651 0.571
202206 0.620 113.517 0.682
202209 0.491 114.371 0.536
202212 0.593 112.428 0.658
202303 0.693 113.620 0.761
202306 0.711 115.515 0.768
202309 0.767 116.234 0.824
202312 0.681 116.364 0.730
202403 0.837 117.285 0.891
202406 0.757 118.129 0.800
202409 0.793 119.650 0.827
202412 0.631 119.360 0.660
202503 0.742 120.133 0.771
202506 0.750 121.399 0.771
202509 0.706 121.950 0.723
202512 0.587 122.450 0.598
202603 0.792 124.820 0.792

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €18.96 mean?
National Bank of Greece (LUX:GREEC) has a Cyclically Adjusted Revenue per Share of €18.96 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on National Bank of Greece and its competitors.
Is National Bank of Greece's Cyclically Adjusted Revenue per Share too high?
National Bank of Greece's current Cyclically Adjusted Revenue per Share is €18.96. Overall, National Bank of Greece has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does National Bank of Greece's Cyclically Adjusted Revenue per Share compare to PNC and USB?
National Bank of Greece's Cyclically Adjusted Revenue per Share of €18.96 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Banks company?
A good Cyclically Adjusted Revenue per Share depends on the Banks industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on National Bank of Greece and its competitors. National Bank of Greece's current Cyclically Adjusted Revenue per Share is €18.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank of Greece stock overvalued right now?
National Bank of Greece (LUX:GREEC) has a current Cyclically Adjusted Revenue per Share of €18.96. The stock's GF Value™ is €47.03, compared to a current price of €92.25 — trading 96.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €18.96. National Bank of Greece's overall GF Score™ is 55/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For National Bank of Greece (LUX:GREEC), the current Cyclically Adjusted Revenue per Share is €18.96 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is National Bank of Greece (LUX:GREEC) Overvalued in 2026?

Based on GuruFocus' analysis, National Bank of Greece stock appears to be overvalued. The current stock price of €92.25 is trading 96.2% above its estimated GF Value™ of €47.03.

Key valuation signals for LUX:GREEC:

  • Cyclically Adjusted Revenue per Share: €18.96
  • GF Value™: €47.03 vs. price of €92.25 (96.2% above fair value)
  • GF Score™: 55/100 with 8 warning signs

No single metric tells the full story. See the LUX:GREEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Bank of Greece Business Description

Address 86 Eolou Street, Athens, GRC, 10559
National Bank of Greece SA consists of several subsidiaries offering diverse financial services, including retail, corporate, and investment banking, specialized asset solutions, transactional banking, leasing, factoring, brokerage, asset management, real estate management, and bancassurance-related services. Its segments include Retail Banking, Corporate and Investment Banking, Trouble Assets Units, Global Markets and Asset Management, International Banking Operations, and Other. The group generates maximum revenue from the Retail Banking segment, which, through its branch network and digital business, offers various types of loans (mortgage, consumer, and small business lending), cards (debit, credit, and prepaid cards), deposits, investment, bancassurance, and other products.
55GF Score

Get the complete analysis for LUX:GREEC

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€92.25
Price
€47.03
GF Value