Australian (ASX) Regional Banks Industry Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies10
- 7D-0.4%
- 3M4.7%
- 1Y15.9%
- YTDn/a
In the last week, the Regional Banks industry is flat overall, with BNK Banking standing out by going down 8.5%. As for the the longer term, the industry is up 16% over the past 12 months. Earnings are forecast to grow by 6.6% annually.
Industry Valuation and Performance
Has the Australian Regional Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | AU$10.6b | AU$3.7b | AU$850.7m | 8.5x | 12.5x | 2.9x |
| Wed, 01 May 2024 | AU$10.2b | AU$3.7b | AU$849.8m | 10.4x | 12x | 2.8x |
| Fri, 29 Mar 2024 | AU$10.6b | AU$3.8b | AU$703.5m | 9.7x | 15.1x | 2.8x |
| Sun, 25 Feb 2024 | AU$9.9b | AU$3.8b | AU$710.2m | 9.6x | 14x | 2.6x |
| Tue, 23 Jan 2024 | AU$10.1b | AU$3.8b | AU$681.4m | 2.3x | 14.8x | 2.6x |
| Thu, 21 Dec 2023 | AU$10.0b | AU$3.8b | AU$681.4m | 2.3x | 14.7x | 2.6x |
| Sat, 18 Nov 2023 | AU$9.1b | AU$3.8b | AU$681.1m | 2.2x | 13.3x | 2.4x |
| Mon, 16 Oct 2023 | AU$9.3b | AU$3.8b | AU$681.1m | 2.1x | 13.7x | 2.4x |
| Wed, 13 Sep 2023 | AU$9.6b | AU$3.9b | AU$777.2m | 2.7x | 12.4x | 2.5x |
| Fri, 11 Aug 2023 | AU$9.8b | AU$3.7b | AU$685.0m | 2.7x | 14.3x | 2.6x |
| Sun, 09 Jul 2023 | AU$9.0b | AU$3.7b | AU$685.0m | 2.6x | 13.2x | 2.4x |
| Tue, 06 Jun 2023 | AU$9.1b | AU$3.7b | AU$685.0m | 2.6x | 13.3x | 2.5x |
| Thu, 04 May 2023 | AU$9.2b | AU$3.7b | AU$685.0m | 2.5x | 13.5x | 2.5x |
| Sat, 01 Apr 2023 | AU$9.9b | AU$3.7b | AU$892.7m | 7.3x | 11x | 2.7x |
| Mon, 27 Feb 2023 | AU$10.2b | AU$3.4b | AU$826.9m | 9.8x | 12.3x | 3x |
| Wed, 25 Jan 2023 | AU$10.3b | AU$3.4b | AU$899.6m | 9.7x | 11.4x | 3x |
| Fri, 23 Dec 2022 | AU$10.1b | AU$3.4b | AU$899.6m | 9.7x | 11.3x | 3x |
| Sun, 20 Nov 2022 | AU$9.8b | AU$3.4b | AU$899.4m | 11.1x | 10.9x | 2.9x |
| Tue, 18 Oct 2022 | AU$9.9b | AU$3.4b | AU$899.4m | 11.1x | 11x | 2.9x |
| Thu, 15 Sep 2022 | AU$9.2b | AU$3.3b | AU$902.2m | 11.1x | 10.2x | 2.8x |
| Sat, 13 Aug 2022 | AU$11.0b | AU$3.4b | AU$1.0b | 12.3x | 10.6x | 3.3x |
| Mon, 11 Jul 2022 | AU$9.8b | AU$3.4b | AU$1.0b | 12.5x | 9.5x | 2.9x |
| Wed, 08 Jun 2022 | AU$10.8b | AU$3.4b | AU$1.0b | 12.5x | 10.4x | 3.2x |
| Fri, 06 May 2022 | AU$11.1b | AU$3.3b | AU$1.0b | 13.9x | 10.7x | 3.3x |
| Sun, 03 Apr 2022 | AU$11.4b | AU$3.1b | AU$975.5m | 14.4x | 11.7x | 3.7x |
| Tue, 01 Mar 2022 | AU$10.7b | AU$3.1b | AU$975.8m | 8.9x | 10.9x | 3.5x |
| Thu, 27 Jan 2022 | AU$9.8b | AU$3.0b | AU$898.7m | 8.5x | 10.9x | 3.3x |
| Sat, 25 Dec 2021 | AU$10.4b | AU$3.0b | AU$898.7m | 8.5x | 11.6x | 3.5x |
| Mon, 22 Nov 2021 | AU$10.3b | AU$3.0b | AU$898.7m | 8.5x | 11.4x | 3.4x |
| Wed, 20 Oct 2021 | AU$11.3b | AU$3.0b | AU$898.9m | 9.2x | 12.6x | 3.8x |
| Fri, 17 Sep 2021 | AU$11.5b | AU$2.7b | AU$706.9m | 9.4x | 16.3x | 4.3x |
| Sun, 15 Aug 2021 | AU$12.3b | AU$2.7b | AU$706.8m | 10x | 17.4x | 4.6x |
| Thu, 10 Jun 2021 | AU$11.5b | AU$2.6b | AU$589.2m | 12x | 19.4x | 4.4x |
Price to Earnings Ratio
19.4x
Current Industry PE
- Investors are relatively neutral on the Australian Regional Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 12.5x.
- The industry is trading close to its 3-year average PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Regional Banks industry have grown 13% per year over the last three years.
- Revenues for these companies have grown 13% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Regional Banks compare with similar industries?
| AU Market | -0.33% | |
| Financials | -0.14% | |
| Banks | -0.11% | |
| Regional Banks | -0.44% | |
| Diversified Banks | -0.10% | |
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 | |
|---|---|---|---|---|---|
| BEN Bendigo and Adelaide Bank | AU$11.11 | 1.3% +AU$79.3m | 28.9% | PB0.9x | |
| BOQ Bank of Queensland | AU$5.95 | 1.5% +AU$59.3m | 7.4% | PB0.7x | |
| ABA Auswide Bank | AU$4.04 | 1.3% +AU$2.3m | -23.2% | PB0.6x | |
| MYS MyState | AU$3.65 | 0.3% +AU$1.1m | 9.9% | PB0.9x |