Japanese (NIKKEI) Banks Industry Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies83
- 7D0.8%
- 3M12.1%
- 1Y54.0%
- YTD25.3%
Over the last 7 days, the Banks industry has risen 4.1%, driven by gains from Sumitomo Mitsui Financial Group of 5.5%. This takes the industry's 12 month performance to a gain of 58%. Looking forward, earnings are forecast to grow by 8.0% annually.
Industry Valuation and Performance
Has the Japanese Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 17 May 2024 | JP¥62.5t | JP¥21.0t | JP¥4.8t | 11.4x | 13.1x | 3x |
| Sun, 14 Apr 2024 | JP¥62.1t | JP¥20.6t | JP¥4.7t | 11.9x | 13.3x | 3x |
| Tue, 12 Mar 2024 | JP¥61.4t | JP¥20.8t | JP¥4.7t | 11.6x | 13.1x | 3x |
| Thu, 08 Feb 2024 | JP¥54.3t | JP¥20.7t | JP¥4.7t | 10.2x | 11.5x | 2.6x |
| Sat, 06 Jan 2024 | JP¥51.4t | JP¥20.6t | JP¥4.4t | 10.3x | 11.6x | 2.5x |
| Mon, 04 Dec 2023 | JP¥52.3t | JP¥23.5t | JP¥5.1t | 10.4x | 10.3x | 2.2x |
| Wed, 01 Nov 2023 | JP¥52.9t | JP¥22.8t | JP¥4.8t | 10.9x | 11x | 2.3x |
| Fri, 29 Sep 2023 | JP¥53.6t | JP¥22.7t | JP¥4.8t | 10.5x | 11.1x | 2.4x |
| Sun, 27 Aug 2023 | JP¥47.5t | JP¥22.7t | JP¥4.8t | 9.1x | 9.9x | 2.1x |
| Tue, 25 Jul 2023 | JP¥44.9t | JP¥22.2t | JP¥3.8t | 8.5x | 11.9x | 2x |
| Thu, 22 Jun 2023 | JP¥42.6t | JP¥24.2t | JP¥4.2t | 8.2x | 10.1x | 1.8x |
| Sat, 20 May 2023 | JP¥41.2t | JP¥24.1t | JP¥4.1t | 8.4x | 9.9x | 1.7x |
| Mon, 17 Apr 2023 | JP¥38.4t | JP¥19.7t | JP¥1.9t | 7.9x | 20.1x | 2x |
| Wed, 15 Mar 2023 | JP¥37.5t | JP¥19.6t | JP¥2.0t | 7.8x | 18.8x | 1.9x |
| Fri, 10 Feb 2023 | JP¥41.5t | JP¥19.3t | JP¥1.8t | 8.1x | 22.6x | 2.1x |
| Sun, 08 Jan 2023 | JP¥39.8t | JP¥18.9t | JP¥1.9t | 7.9x | 21x | 2.1x |
| Tue, 06 Dec 2022 | JP¥34.5t | JP¥18.9t | JP¥1.9t | 7.1x | 18.2x | 1.8x |
| Thu, 03 Nov 2022 | JP¥33.2t | JP¥18.5t | JP¥2.2t | 6.9x | 15.4x | 1.8x |
| Sat, 01 Oct 2022 | JP¥32.0t | JP¥18.5t | JP¥2.2t | 6.8x | 14.9x | 1.7x |
| Mon, 29 Aug 2022 | JP¥33.5t | JP¥18.5t | JP¥2.2t | 7x | 15.6x | 1.8x |
| Wed, 27 Jul 2022 | JP¥33.7t | JP¥17.8t | JP¥2.5t | 7.4x | 13.5x | 1.9x |
| Fri, 24 Jun 2022 | JP¥33.7t | JP¥21.3t | JP¥3.9t | 7.4x | 8.6x | 1.6x |
| Sun, 22 May 2022 | JP¥32.0t | JP¥21.3t | JP¥3.9t | 7x | 8.2x | 1.5x |
| Tue, 19 Apr 2022 | JP¥33.1t | JP¥20.1t | JP¥4.7t | 6.5x | 7.1x | 1.6x |
| Thu, 17 Mar 2022 | JP¥33.2t | JP¥20.1t | JP¥4.7t | 6.7x | 7.1x | 1.6x |
| Sat, 12 Feb 2022 | JP¥35.3t | JP¥20.4t | JP¥4.7t | 7.3x | 7.4x | 1.7x |
| Mon, 10 Jan 2022 | JP¥33.1t | JP¥19.9t | JP¥4.3t | 7.7x | 7.7x | 1.7x |
| Wed, 08 Dec 2021 | JP¥30.0t | JP¥19.8t | JP¥4.3t | 6.8x | 7x | 1.5x |
| Fri, 05 Nov 2021 | JP¥31.1t | JP¥19.9t | JP¥4.3t | 7.3x | 7.2x | 1.6x |
| Sun, 03 Oct 2021 | JP¥30.9t | JP¥19.9t | JP¥4.3t | 7.4x | 7.2x | 1.6x |
| Tue, 31 Aug 2021 | JP¥30.0t | JP¥19.7t | JP¥4.3t | 7.5x | 7x | 1.5x |
| Wed, 07 Jul 2021 | JP¥29.8t | JP¥19.7t | JP¥4.3t | 7.4x | 7x | 1.5x |
Price to Earnings Ratio
8.6x
Current Industry PE
- Investors are optimistic on the Japanese Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 13.4x which is higher than its 3-year average PE of 11.9x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 9.7% per year over the last three years.
- Revenues for these companies have grown 2.8% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Japanese Financials industry?
| JP Market | 0.61% | |
| Financials | 0.095% | |
| Banks | 0.80% | |
| Regional Banks | 2.51% | |
| Diversified Banks | 0.26% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 9.7x.
- Analysts are expecting annual earnings growth of 9.9%, which is higher than its past year's earnings growth of 8.1% per year.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 14.3x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.9% over the next 5 years.
- This is better than its past earnings growth rate of 8.1% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 8316 Sumitomo Mitsui Financial Group | JP¥9.72k | 8.0% +JP¥947.4b | 72.4% | PB0.9x | |
| 8309 Sumitomo Mitsui Trust Holdings | JP¥3.57k | 8.8% +JP¥209.6b | 38.1% | PB0.9x | |
| 8411 Mizuho Financial Group | JP¥3.13k | 2.2% +JP¥168.9b | 50.9% | PB0.8x | |
| 8308 Resona Holdings | JP¥1.01k | 4.9% +JP¥110.9b | 54.7% | PB0.9x | |
| 7186 Concordia Financial Group | JP¥901.10 | 5.7% +JP¥56.8b | 66.3% | PB0.8x |