Narrative Update • Jul 24
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Austrian (ATX) Financials Sector Analysis
UpdatedJul 26, 2026
DataAggregated Company Financials
Companies14
- 7D2.8%
- 3M15.2%
- 1Y55.0%
- YTD18.4%
Over the last 7 days, the Financials industry has risen 2.8%, driven by gains in Erste Group Bank and Raiffeisen Bank International of 3.0% and 6.3%, respectively. This takes the industry's 12 month performance to a gain of 55%. Looking forward, earnings are forecast to grow by 12% annually.
Sector Valuation and Performance
Has the Austrian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 27 Jul 2026 | €101.4b | €46.3b | €7.4b | 13.2x | 13.8x | 2.2x |
| Wed, 24 Jun 2026 | €101.3b | €46.3b | €7.3b | 13.2x | 13.8x | 2.2x |
| Fri, 22 May 2026 | €88.7b | €46.1b | €7.3b | 13.1x | 12.1x | 1.9x |
| Sun, 19 Apr 2026 | €93.4b | €44.8b | €7.4b | 12.2x | 12.6x | 2.1x |
| Tue, 17 Mar 2026 | €79.3b | €45.5b | €7.6b | 10.1x | 10.4x | 1.7x |
| Thu, 12 Feb 2026 | €89.5b | €44.1b | €7.1b | 12.3x | 12.7x | 2x |
| Sat, 10 Jan 2026 | €85.1b | €44.2b | €6.4b | 12.7x | 13.4x | 1.9x |
| Mon, 08 Dec 2025 | €78.1b | €44.2b | €6.4b | 10.9x | 12.3x | 1.8x |
| Wed, 05 Nov 2025 | €72.5b | €44.0b | €6.3b | 10.7x | 11.5x | 1.6x |
| Fri, 03 Oct 2025 | €70.6b | €43.6b | €6.2b | 10.7x | 11.4x | 1.6x |
| Sun, 31 Aug 2025 | €67.9b | €43.6b | €6.2b | 10.5x | 10.9x | 1.6x |
| Tue, 29 Jul 2025 | €65.2b | €42.9b | €7.3b | 10.3x | 8.9x | 1.5x |
| Thu, 26 Jun 2025 | €62.1b | €42.8b | €7.3b | 9.5x | 8.5x | 1.5x |
| Sat, 24 May 2025 | €62.5b | €42.7b | €7.3b | 9.3x | 8.6x | 1.5x |
| Mon, 21 Apr 2025 | €54.5b | €42.2b | €7.2b | 8.2x | 7.5x | 1.3x |
| Wed, 19 Mar 2025 | €60.8b | €41.8b | €7.5b | 8.5x | 8.1x | 1.5x |
| Fri, 14 Feb 2025 | €57.5b | €41.2b | €7.3b | 8.1x | 7.9x | 1.4x |
| Sun, 12 Jan 2025 | €51.6b | €41.3b | €7.7b | 7.7x | 6.7x | 1.2x |
| Tue, 10 Dec 2024 | €48.8b | €41.3b | €7.7b | 7.1x | 6.3x | 1.2x |
| Thu, 07 Nov 2024 | €46.9b | €41.2b | €7.7b | 6.9x | 6.1x | 1.1x |
| Sat, 05 Oct 2024 | €44.8b | €41.1b | €7.8b | 6.7x | 5.8x | 1.1x |
| Mon, 02 Sep 2024 | €45.9b | €41.1b | €7.8b | 7x | 5.9x | 1.1x |
| Wed, 31 Jul 2024 | €45.0b | €40.1b | €7.7b | 7.7x | 5.8x | 1.1x |
| Fri, 28 Jun 2024 | €41.8b | €40.1b | €7.7b | 7.3x | 5.4x | 1x |
| Sun, 26 May 2024 | €43.8b | €40.1b | €7.7b | 7.6x | 5.7x | 1.1x |
| Tue, 23 Apr 2024 | €41.4b | €43.8b | €7.6b | 7.2x | 5.4x | 0.9x |
| Thu, 21 Mar 2024 | €40.3b | €44.2b | €7.9b | 6.4x | 5.1x | 0.9x |
| Sat, 17 Feb 2024 | €39.7b | €44.4b | €7.7b | 5.9x | 5.2x | 0.9x |
| Mon, 15 Jan 2024 | €39.3b | €45.6b | €8.1b | 5.8x | 4.9x | 0.9x |
| Wed, 13 Dec 2023 | €37.1b | €45.5b | €7.9b | 5.8x | 4.7x | 0.8x |
| Fri, 10 Nov 2023 | €35.3b | €45.2b | €8.0b | 5.9x | 4.4x | 0.8x |
| Sun, 08 Oct 2023 | €34.3b | €44.5b | €7.6b | 6.3x | 4.5x | 0.8x |
| Tue, 05 Sep 2023 | €34.1b | €41.4b | €7.4b | 7x | 4.6x | 0.8x |
| Thu, 03 Aug 2023 | €34.3b | €40.8b | €7.2b | 6.8x | 4.7x | 0.8x |
Price to Earnings Ratio
4.7x
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 13.8x which is higher than its 3-year average PE of 8.1x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Financials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 4.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Austrian Financials sector?
| AT Market | 1.56% | |
| Financials | 2.75% | |
| Banks | 2.86% | |
| Insurance | 2.19% | |
| Capital Markets | 0.77% | |
| Diversified Financial | 0% | 0 |
Industry PE
- Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 8.1x.
- Analysts are expecting annual earnings growth of 13.2%, which is higher than its past year's earnings decline of 10.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Insurance industry is expected to see its earnings grow by 8.0% 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 | |
|---|---|---|---|---|---|
| EBS Erste Group Bank | €115.10 | 3.0% +€1.3b | 46.8% | PB1.7x | |
| RBI Raiffeisen Bank International | €56.40 | 6.3% +€1.1b | 129.1% | PB0.9x | |
| VIG Vienna Insurance Group | €66.20 | 2.3% +€192.0m | 46.9% | PE10.2x | |
| UQA UNIQA Insurance Group | €17.50 | 2.0% +€104.4m | 45.3% | PE12.4x | |
| ADKO Addiko Bank | €27.20 | 1.1% +€5.8m | 24.8% | PB0.6x |
