The 1937–38 Panhellenic Championship was the ninth season of the highest football league of Greece. The champions of the 3 founding Associations of the HFF participated in the championship, which were the Αthenian, the Piraeus' and the Macedonian association. Olympiacos emerged again undefeated champion and won the championship for their sixth time (3 consecutive), winning in the crucial last game the then champion of Athens, Apollon Athens with 2-3 after a comeback from 2-1 at the half time, at Leoforos Alexandras Stadium. The point system was: Win: 2 points - Draw: 1 point - Loss: 0 points.