Greek Organization of Football Prognostics S.A. (OPAP) - Net Assets

Latest as of December 2025: €427.21 Million EUR ≈ $499.45 Million USD

Based on the latest financial reports, Greek Organization of Football Prognostics S.A. (OPAP) has net assets worth €427.21 Million EUR (≈ $499.45 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€2.18 Billion ≈ $2.55 Billion USD) and total liabilities (€1.75 Billion ≈ $2.05 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check OPAP tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€427.21 Million
% of Total Assets	19.58%
Annual Growth Rate	-9.2%
5-Year Change	-53.1%
10-Year Change	-60.16%
Growth Volatility	17.53

Greek Organization of Football Prognostics S.A. - Net Assets Trend (2014–2025)

This chart illustrates how Greek Organization of Football Prognostics S.A.'s net assets have evolved over time, based on quarterly financial data. See OPAP days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Greek Organization of Football Prognostics S.A. (2014–2025)

The table below shows the annual net assets of Greek Organization of Football Prognostics S.A. from 2014 to 2025. For live valuation and market cap data, see Greek Organization of Football Prognosti (OPAP) total market value.

Year	Net Assets	Change
2025-12-31	€427.21 Million ≈ $499.45 Million	-29.90%
2024-12-31	€609.38 Million ≈ $712.43 Million	-21.35%
2023-12-31	€774.76 Million ≈ $905.78 Million	-25.70%
2022-12-31	€1.04 Billion ≈ $1.22 Billion	+14.48%
2021-12-31	€910.86 Million ≈ $1.06 Billion	+22.83%
2020-12-31	€741.58 Million ≈ $866.99 Million	-1.62%
2019-12-31	€753.79 Million ≈ $881.26 Million	+4.29%
2018-12-31	€722.75 Million ≈ $844.98 Million	+1.13%
2017-12-31	€714.71 Million ≈ $835.57 Million	-33.34%
2016-12-31	€1.07 Billion ≈ $1.25 Billion	-10.86%
2015-12-31	€1.20 Billion ≈ $1.41 Billion	-2.61%
2014-12-31	€1.24 Billion ≈ $1.44 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Greek Organization of Football Prognostics S.A.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 60.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€419.58 Million	99.14%
Other Components	€3.66 Million	0.86%
Total Equity	€423.24 Million	100.00%

Greek Organization of Football Prognostics S.A. Competitors by Market Cap

The table below lists competitors of Greek Organization of Football Prognostics S.A. ranked by their market capitalization.

Company	Market Cap
CONVATEC GRP UNSP.ADR /4 F:2CVU	$5.07 Billion
Pampa Energia SA BA:PAMP	$5.08 Billion
Selective Insurance Group, Inc. NASDAQ:SIGI	$5.08 Billion
Sai Gon Thuong Tin Commercial Joint Stock Bank VN:STB	$5.08 Billion
China Nonferrous Mining Corporation Limited STU:3N4	$5.07 Billion
EFG International AG SW:EFGN	$5.07 Billion
JYSKE BK. UNS.ADR 1/5 DK1 F:JYS	$5.07 Billion
AUTHUM INVESTMENT & INFRASTRUCTU ORD (BSE) NSE:AIIL	$5.07 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Greek Organization of Football Prognostics S.A.'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 579,413,000 to 423,237,000, a change of -156,176,000 (-27.0%).
Net income of 483,417,000 contributed positively to equity growth.
Dividend payments of 466,490,000 reduced retained earnings.
Share repurchases of 91,000 reduced equity.
Other factors decreased equity by 173,012,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€483.42 Million	+114.22%
Dividends Paid	€466.49 Million	-110.22%
Share Repurchases	€91.00K	-0.02%
Other Changes	€-173.01 Million	-40.88%
Total Change	€-	-26.95%

Book Value vs Market Value Analysis

This analysis compares Greek Organization of Football Prognostics S.A.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 10.25x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has increased from 5.31x to 10.25x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2018-12-31	€2.28	€12.10	x
2019-12-31	€2.36	€12.10	x
2020-12-31	€2.18	€12.10	x
2021-12-31	€2.59	€12.10	x
2022-12-31	€2.88	€12.10	x
2023-12-31	€2.02	€12.10	x
2024-12-31	€1.62	€12.10	x
2025-12-31	€1.18	€12.10	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Greek Organization of Football Prognostics S.A. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 114.22%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 29.41%
• Asset Turnover: 0.75x
• Equity Multiplier: 5.16x
Recent ROE (114.22%) is above the historical average (40.15%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	16.70%	31.78%	0.35x	1.50x	€78.23 Million
2015	18.14%	33.70%	0.37x	1.47x	€94.54 Million
2016	16.44%	31.17%	0.31x	1.71x	€66.71 Million
2017	17.65%	8.67%	0.81x	2.52x	€54.68 Million
2018	19.83%	23.65%	0.34x	2.45x	€71.04 Million
2019	26.85%	12.49%	0.72x	2.97x	€127.00 Million
2020	27.67%	18.16%	0.46x	3.28x	€131.01 Million
2021	28.48%	16.86%	0.57x	2.97x	€168.34 Million
2022	56.80%	30.55%	0.75x	2.47x	€488.06 Million
2023	55.13%	28.44%	0.68x	2.84x	€334.25 Million
2024	83.84%	30.94%	0.78x	3.45x	€427.84 Million
2025	114.22%	29.41%	0.75x	5.16x	€441.09 Million

Industry Comparison

This section compares Greek Organization of Football Prognostics S.A.'s net assets metrics with peer companies in the Gambling industry.

Industry Context

Industry: Gambling
Average net assets among peers: $-93,371,000
Average return on equity (ROE) among peers: 0.00%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Greek Organization of Football Prognostics S.A. (OPAP)	€427.21 Million	16.70%	4.11x	$5.07 Billion
Intralot S.A. Integrated Lottery Systems and Services (INLOT)	$-93.37 Million	0.00%	0.00x	$2.01 Billion

About Greek Organization of Football Prognostics S.A.

AT:OPAP Greece Gambling

Market Cap

$5.07 Billion

€4.34 Billion EUR

Market Cap Rank

#3580 Global

#8 in Greece

Share Price

€12.10

Change (1 day)

-8.47%

52-Week Range

€12.10 - €20.24

All Time High

€20.66