Australian (ASX) Diversified Banks Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies7
- 7D-1.1%
- 3M3.6%
- 1Y16.7%
- YTDn/a
The Diversified Banks is pretty flat in the last 7 days, but BSP Financial Group has stood out, gaining 4.4%. As for the the longer term, the industry is up 15% over the past 12 months. As for the next few years, earnings are expected to grow by 4.4% per annum.
Industry Valuation and Performance
Has the Australian Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | AU$473.4b | AU$88.7b | AU$32.0b | 12.4x | 14.8x | 5.3x |
| Sat, 30 Mar 2024 | AU$491.7b | AU$88.7b | AU$32.0b | 12.6x | 15.4x | 5.5x |
| Mon, 26 Feb 2024 | AU$477.4b | AU$88.7b | AU$32.0b | 12.6x | 14.9x | 5.4x |
| Wed, 24 Jan 2024 | AU$459.6b | AU$89.0b | AU$32.5b | 11.5x | 14.1x | 5.2x |
| Fri, 22 Dec 2023 | AU$441.2b | AU$88.9b | AU$32.5b | 11.1x | 13.6x | 5x |
| Sun, 19 Nov 2023 | AU$407.7b | AU$89.0b | AU$32.5b | 10.3x | 12.5x | 4.6x |
| Tue, 17 Oct 2023 | AU$416.6b | AU$87.1b | AU$31.8b | 11.7x | 13.1x | 4.8x |
| Thu, 14 Sep 2023 | AU$416.0b | AU$87.1b | AU$31.8b | 11.7x | 13.1x | 4.8x |
| Sat, 12 Aug 2023 | AU$422.2b | AU$87.1b | AU$31.8b | 12x | 13.3x | 4.8x |
| Mon, 10 Jul 2023 | AU$392.5b | AU$87.3b | AU$31.7b | 10.8x | 12.4x | 4.5x |
| Wed, 07 Jun 2023 | AU$386.1b | AU$87.3b | AU$31.7b | 10.8x | 12.2x | 4.4x |
| Fri, 05 May 2023 | AU$393.6b | AU$86.6b | AU$31.0b | 11.2x | 12.7x | 4.5x |
| Sun, 02 Apr 2023 | AU$401.0b | AU$85.5b | AU$30.6b | 12.3x | 13.1x | 4.7x |
| Tue, 28 Feb 2023 | AU$423.2b | AU$85.5b | AU$30.6b | 13.3x | 13.8x | 5x |
| Thu, 26 Jan 2023 | AU$441.3b | AU$84.2b | AU$30.0b | 12.2x | 14.7x | 5.2x |
| Sat, 24 Dec 2022 | AU$430.0b | AU$84.2b | AU$30.0b | 11.8x | 14.3x | 5.1x |
| Mon, 21 Nov 2022 | AU$434.8b | AU$84.2b | AU$30.0b | 12x | 14.5x | 5.2x |
| Wed, 19 Oct 2022 | AU$431.6b | AU$84.4b | AU$29.0b | 12.9x | 14.9x | 5.1x |
| Fri, 16 Sep 2022 | AU$405.5b | AU$84.3b | AU$29.0b | 12.1x | 14x | 4.8x |
| Sun, 14 Aug 2022 | AU$421.0b | AU$84.1b | AU$29.0b | 12.3x | 14.5x | 5x |
| Tue, 12 Jul 2022 | AU$382.6b | AU$83.9b | AU$29.2b | 11.2x | 13.1x | 4.6x |
| Thu, 09 Jun 2022 | AU$424.5b | AU$83.8b | AU$29.1b | 12.1x | 14.6x | 5.1x |
| Sat, 07 May 2022 | AU$438.4b | AU$84.8b | AU$29.3b | 13x | 15x | 5.2x |
| Mon, 04 Apr 2022 | AU$446.0b | AU$83.0b | AU$28.3b | 13.8x | 15.7x | 5.4x |
| Wed, 02 Mar 2022 | AU$414.6b | AU$83.1b | AU$28.3b | 13.3x | 14.6x | 5x |
| Fri, 28 Jan 2022 | AU$402.7b | AU$81.7b | AU$27.3b | 13.5x | 14.7x | 4.9x |
| Sun, 26 Dec 2021 | AU$425.0b | AU$81.7b | AU$27.3b | 14.2x | 15.5x | 5.2x |
| Tue, 23 Nov 2021 | AU$415.2b | AU$81.7b | AU$27.3b | 14.3x | 15.2x | 5.1x |
| Thu, 21 Oct 2021 | AU$449.4b | AU$76.6b | AU$23.9b | 17.1x | 18.8x | 5.9x |
| Sat, 18 Sep 2021 | AU$449.3b | AU$76.6b | AU$23.9b | 16.7x | 18.8x | 5.9x |
| Mon, 16 Aug 2021 | AU$451.8b | AU$76.6b | AU$23.9b | 17x | 18.9x | 5.9x |
| Mon, 31 May 2021 | AU$444.1b | AU$74.4b | AU$22.5b | 17.2x | 19.7x | 6x |
Price to Earnings Ratio
18.6x
Current Industry PE
- Investors are optimistic on the Australian Diversified Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.1x which is higher than its 3-year average PE of 14.8x.
- The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 6.1x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 7.4% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does Australian Diversified Banks compare with similar industries?
| AU Market | -1.54% | |
| Financials | -1.28% | |
| Banks | -1.09% | |
| Diversified Banks | -1.08% | |
| Regional Banks | -1.65% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BFL BSP Financial Group | AU$6.11 | 4.4% +AU$121.5m | 27.3% | PB1.7x |