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Austrian (ATX) Financials Sector Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies13
  • 7D3.1%
  • 3M18.0%
  • 1Y58.4%
  • YTD4.4%

Over the last 7 days, the Financials industry has risen 3.1%, driven by gains from Erste Group Bank of 3.8%. During this same period, the Wiener Privatbank underperformed, falling 5.5%. This takes the industry's 12 month performance to a gain of 58%. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the Austrian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026€89.5b€44.2b€7.1b12.1x12.7x2x
Thu, 22 Jan 2026€85.5b€44.2b€6.4b12.4x13.4x1.9x
Sat, 20 Dec 2025€83.3b€44.2b€6.4b12.2x13.1x1.9x
Mon, 17 Nov 2025€73.5b€44.0b€6.3b10.9x11.6x1.7x
Wed, 15 Oct 2025€70.9b€43.6b€6.2b11x11.4x1.6x
Fri, 12 Sep 2025€69.1b€43.6b€6.2b10.6x11.2x1.6x
Sun, 10 Aug 2025€70.7b€43.0b€6.2b11x11.4x1.6x
Tue, 08 Jul 2025€62.8b€42.8b€7.3b9.5x8.6x1.5x
Thu, 05 Jun 2025€63.0b€42.8b€7.3b9.3x8.7x1.5x
Sat, 03 May 2025€55.4b€42.5b€7.2b8.6x7.7x1.3x
Mon, 31 Mar 2025€57.9b€41.8b€7.3b8.2x7.9x1.4x
Wed, 26 Feb 2025€58.7b€41.2b€7.3b8.4x8.1x1.4x
Fri, 24 Jan 2025€54.1b€41.3b€7.7b7.9x7x1.3x
Sun, 22 Dec 2024€50.7b€41.3b€7.7b7.5x6.6x1.2x
Tue, 19 Nov 2024€47.4b€41.1b€7.7b7x6.1x1.2x
Thu, 17 Oct 2024€46.4b€41.1b€7.8b6.9x6x1.1x
Sat, 14 Sep 2024€44.9b€41.1b€7.8b6.7x5.8x1.1x
Mon, 12 Aug 2024€43.3b€40.2b€7.7b7.4x5.6x1.1x
Wed, 10 Jul 2024€43.2b€40.1b€7.7b7.5x5.6x1.1x
Fri, 07 Jun 2024€42.7b€40.1b€7.7b7.4x5.5x1.1x
Sun, 05 May 2024€42.0b€40.2b€7.7b7.3x5.4x1x
Tue, 02 Apr 2024€41.3b€44.1b€7.8b6.4x5.3x0.9x
Thu, 29 Feb 2024€39.5b€44.6b€7.6b6.1x5.2x0.9x
Sat, 27 Jan 2024€40.2b€45.6b€8.1b6x5x0.9x
Mon, 25 Dec 2023€37.7b€45.6b€8.1b5.7x4.7x0.8x
Wed, 22 Nov 2023€36.6b€45.3b€8.0b6.3x4.6x0.8x
Fri, 20 Oct 2023€34.0b€44.5b€7.6b6.2x4.4x0.8x
Sun, 17 Sep 2023€34.0b€44.5b€7.6b6.3x4.4x0.8x
Tue, 15 Aug 2023€34.1b€40.8b€7.2b7x4.7x0.8x
Thu, 13 Jul 2023€33.6b€40.1b€7.2b6.7x4.6x0.8x
Sat, 10 Jun 2023€33.2b€40.1b€7.2b6.7x4.6x0.8x
Mon, 08 May 2023€33.9b€39.9b€7.1b9.8x4.8x0.8x
Wed, 05 Apr 2023€32.6b€37.9b€6.7b9.7x4.8x0.9x
Fri, 03 Mar 2023€37.0b€38.0b€6.4b9.7x5.8x1x
Price to Earnings Ratio

5.8x


Total Market Cap: €37.0bTotal Earnings: €6.4bTotal Revenue: €38.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Austrian Financials Sector Price to Earnings3Y Average 7x202420252026
Current Industry PE
  • Investors are optimistic on the Austrian Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.7x which is higher than its 3-year average PE of 7.0x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 3.4% per year over the last three years.
  • Revenues for these companies have grown 5.2% 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 Austrian Financials sector?

AT Market2.07%
Financials3.08%
Insurance3.48%
Banks2.97%
Diversified Financial0%0
Capital Markets-5.29%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 6.9x.
    • Analysts are expecting annual earnings growth of 12.0%, which is higher than its past year's earnings decline of 11.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EBS Erste Group Bank€107.203.8%
+€1.5b		60.7%PB1.6x
RBI Raiffeisen Bank International€42.362.5%
+€341.5m		75.5%PB0.7x
ICG Incergo€2.0017.6%
+€284.0m		n/an/a
BG BAWAG Group€135.202.7%
+€269.4m		43.8%PB2.1x
UQA UNIQA Insurance Group€16.784.9%
+€239.4m		95.6%PE12x

Latest News

VIG
€66.00
Vienna Insurance Group
7D
2.6%
1Y
93.0%

VIG: Modestly Higher Growth Assumptions Will Support A More Optimistic Future Pricing

Analysts have maintained their €75.00 price target for Vienna Insurance Group, noting that slight adjustments to assumptions for the discount rate, revenue growth, profit margin, and future P/E still support the same valuation level. Valuation Changes Fair Value: The €75.00 fair value estimate is unchanged, indicating that the updated inputs still support the same central valuation level.
ICG
€2.00
Incergo
7D
17.6%
1Y
n/a
RBI
€42.36
Raiffeisen Bank International
7D
2.5%
1Y
75.5%

RBI: Rising Earnings Visibility Will Support A Higher Future P/E Rating

Raiffeisen Bank International's analyst price target has shifted sharply higher, with fair value moving from about €31.00 to roughly €54.30 as analysts factor in updated assumptions on growth, profitability and a higher future P/E, supported by a series of recent target increases from major banks. Analyst Commentary Recent Street research points to a more constructive tone around Raiffeisen Bank International, with several bullish analysts lifting their fair value assumptions in quick succession.
MER
€0.66
Meridiana Capital Markets
7D
-23.3%
1Y
-43.6%
BG
€135.20
BAWAG Group
7D
2.7%
1Y
43.8%

BG: Higher P/E Assumptions And Margins Will Support Future Upside

Analysts have raised their consolidated price target for BAWAG Group to €161 from €153.20, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples that are consistent with recent target increases from several major banks. Analyst Commentary Recent research updates cluster around higher price targets for BAWAG Group, with several bullish analysts pointing to improved assumptions on discount rates, revenue, margins and future P/E multiples.
EBS
€107.20
Erste Group Bank
7D
3.8%
1Y
60.7%

EBS: Higher P/E Assumptions Will Likely Magnify Execution Risk

Analysts have lifted their price target on Erste Group Bank by €13 to €79.90, citing updated fair value estimates, a slightly revised discount rate, and refreshed assumptions for revenue growth, profit margins, and future P/E multiples. Analyst Commentary Even with the higher price target of €79.90, some bearish analysts remain cautious and see more risk around execution, growth assumptions, and where the valuation now sits relative to their updated fair value work.
ADKO
€26.50
Addiko Bank
7D
1.5%
1Y
42.1%

ADKO: Higher Discount Rate And Richer P/E Will Constrain Future Upside

Analysts have trimmed their price target on Addiko Bank to €22.60, reflecting a slightly higher discount rate and modestly adjusted forward P/E assumptions, while keeping fair value estimates unchanged. Valuation Changes Fair Value: unchanged at €22.60 per share, indicating no adjustment to the central valuation output.
UQA
€16.78
UNIQA Insurance Group
7D
4.9%
1Y
95.6%

UQA: Future Margin And P/E Assumptions Will Support Fair Value Profile

Analysts have nudged their price target for UNIQA Insurance Group higher to €15.94 from €15.28, citing updated assumptions around fair value, discount rate, profit margin and future P/E as the key drivers. Valuation Changes Fair Value: revised from €15.28 to €15.94, indicating a modest uplift in the estimated share value.
WPB
€10.40
Wiener Privatbank
7D
-5.5%
1Y
32.5%
OBS
€78.40
Oberbank
7D
0.8%
1Y
12.0%
EIOS
€96.00
Enry S Island Spa Sb
7D
-3.0%
1Y
60.0%