Austrian (ATX) Financials Sector Analysis

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
Thu, 07 May 2026	€89.3b	€46.1b	€7.3b	12.2x	12.2x	1.9x
Sat, 04 Apr 2026	€81.8b	€44.8b	€7.4b	10.9x	11.1x	1.8x
Mon, 02 Mar 2026	€86.6b	€44.4b	€7.5b	11.8x	11.5x	1.9x
Wed, 28 Jan 2026	€89.6b	€44.2b	€6.4b	12.7x	14.1x	2x
Fri, 26 Dec 2025	€83.8b	€44.2b	€6.4b	12.6x	13.2x	1.9x
Sun, 23 Nov 2025	€73.3b	€44.2b	€6.4b	10.1x	11.5x	1.7x
Tue, 21 Oct 2025	€68.8b	€43.6b	€6.2b	10.6x	11.1x	1.6x
Thu, 18 Sep 2025	€68.2b	€43.6b	€6.2b	10.6x	11x	1.6x
Sat, 16 Aug 2025	€73.0b	€43.0b	€6.2b	11.5x	11.7x	1.7x
Mon, 14 Jul 2025	€63.4b	€42.8b	€7.3b	9.7x	8.7x	1.5x
Wed, 11 Jun 2025	€63.1b	€42.8b	€7.3b	9.4x	8.7x	1.5x
Fri, 09 May 2025	€60.7b	€42.7b	€7.3b	9.2x	8.3x	1.4x
Sun, 06 Apr 2025	€52.1b	€41.8b	€7.3b	7.5x	7.1x	1.2x
Tue, 04 Mar 2025	€58.5b	€41.4b	€7.2b	8.6x	8.1x	1.4x
Thu, 30 Jan 2025	€53.6b	€41.3b	€7.7b	7.9x	7x	1.3x
Sat, 28 Dec 2024	€50.8b	€41.3b	€7.7b	7.5x	6.6x	1.2x
Mon, 25 Nov 2024	€46.7b	€41.2b	€7.7b	6.8x	6x	1.1x
Wed, 23 Oct 2024	€45.9b	€41.1b	€7.8b	7x	5.9x	1.1x
Fri, 20 Sep 2024	€45.5b	€41.1b	€7.8b	6.7x	5.9x	1.1x
Sun, 18 Aug 2024	€44.3b	€40.2b	€7.7b	7.5x	5.8x	1.1x
Tue, 16 Jul 2024	€44.0b	€40.1b	€7.7b	7.6x	5.7x	1.1x
Thu, 13 Jun 2024	€41.7b	€40.1b	€7.7b	7.3x	5.4x	1x
Sat, 11 May 2024	€43.1b	€40.1b	€7.7b	7.1x	5.6x	1.1x
Mon, 08 Apr 2024	€41.8b	€44.0b	€7.7b	6.4x	5.5x	1x
Wed, 06 Mar 2024	€40.1b	€45.1b	€7.8b	6.2x	5.1x	0.9x
Fri, 02 Feb 2024	€39.7b	€45.6b	€8.1b	5.9x	4.9x	0.9x
Sun, 31 Dec 2023	€38.0b	€45.6b	€8.1b	5.7x	4.7x	0.8x
Tue, 28 Nov 2023	€36.4b	€45.3b	€8.0b	5.3x	4.5x	0.8x
Thu, 26 Oct 2023	€33.8b	€44.8b	€7.9b	5.5x	4.3x	0.8x
Sat, 23 Sep 2023	€33.9b	€44.5b	€7.6b	6.3x	4.4x	0.8x
Mon, 21 Aug 2023	€33.8b	€40.8b	€7.2b	7.3x	4.7x	0.8x
Wed, 19 Jul 2023	€33.9b	€40.1b	€7.2b	6.6x	4.7x	0.8x
Fri, 16 Jun 2023	€33.2b	€40.1b	€7.2b	6.7x	4.6x	0.8x
Sun, 14 May 2023	€33.4b	€39.9b	€7.1b	9.6x	4.7x	0.8x

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 12.2x which is higher than its 3-year average PE of 7.4x.

The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.9x.

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 4.9% 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	1.53%
Financials	0.58%
Insurance	4.92%
Capital Markets	4.15%
Diversified Financial	0%	0
Banks	-0.19%

Industry PE

Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 7.4x.

Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings decline of 3.1% per year.

Forecasted Growth

Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 14% over the next 5 years.
This is better than its past earnings decline of 3.1% per year.

In contrast, the Insurance industry is expected to see its earnings grow by 8.6% 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
VIG Vienna Insurance Group	€67.70	5.5% +€448.0m	54.7%	PE10.5x
BG BAWAG Group	€151.60	3.5% +€392.6m	56.4%	PB2.6x
BTS BTV Vier Länder Bank	€79.50	7.4% +€204.0m	30.3%	PB1.1x
UQA UNIQA Insurance Group	€16.94	4.1% +€202.6m	57.4%	PE12.2x
OBS Oberbank	€82.00	0.5% +€28.2m	16.8%	PB1.3x

Raiffeisen Bank International AG (WBAG:RBI) proposed to acquire Addiko Bank AG (WBAG:ADKO) from Alta Group d.o.o. and other shareholders for approximately €440 million.

Raiffeisen Bank International AG (WBAG:RBI) proposed to acquire Addiko Bank AG (WBAG:ADKO) from Alta Group d.o.o. and other shareholders for approximately €440 million on April 8, 2026. A cash consideration valued at €23.05 per share will be paid by Raiffeisen Bank International AG, equaling to the volume-weighted average share price for the six months period ending on April 7, 2026. As part of consideration, an €444.57 million value is paid towards common equity of Addiko Bank AG. This offer price corresponds to a premium of approximately 20 per cent over the intrinsic equity value determined in an external valuation report by Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. obtained by RBI. In a related transaction, RBI intends to enter into a transaction agreement with Alta Group d.o.o. (Serbia), one of Addiko’s shareholders, on inter alia the envisaged sale (Carve-Out) by Addiko Bank AG of Addiko Bank a.d. Beograd (Serbia), Addiko Bank d.d. Sarajevo, Addiko Bank d.d. Banja Luka (both Bosnia and Herzegovina), and Addiko Bank A.D. Podgorica (Montenegro), subject to the successful completion of the voluntary public tender offer. The intended offer will be subject to a minimum acceptance threshold of more than 75% of all issued and outstanding Addiko shares and will not constitute a delisting offer within the meaning of Section 38 (6) to (8) of the Austrian Stock Exchange Act. The completion of the intended offer will be subject to antitrust and regulatory approvals, and other closing conditions. After submission of the voluntary public tender offer, its review by the Austrian Takeover Commission (Übernahmekommission), and publication of the offer document by RBI, the acceptance period will last 10 weeks. The expected completion of the transaction is in the fourth quarter of 2026. Subsequently, on April 9, 2026, Nova Ljubljanska Banka d.d. (LJSE:NLBR) announced a competing, unsolicited offer to acquire Addiko Bank AG for approximately $560 million.

Austrian (ATX) Financials Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Raiffeisen Bank Delivers 12% Q1 Profit Growth and Pursues New Acquisitions With Strong Capital

Now 24% overvalued after recent price rise

Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat

First quarter 2026 earnings: EPS exceeds analyst expectations

BG: Higher P/E Assumptions And 2028 Profit Guidance Will Drive Future Upside

Full year 2025 earnings: EPS exceeds analyst expectations

Full year 2025 earnings released: €0.13 loss per share (vs €2.41 loss in FY 2024)

New minor risk - Share price stability

Full year 2025 earnings released: EPS: €3.22 (vs €3.51 in FY 2024)

Full year 2025 earnings released: EPS: €5.27 (vs €5.36 in FY 2024)

Raiffeisen Bank International AG (WBAG:RBI) proposed to acquire Addiko Bank AG (WBAG:ADKO) from Alta Group d.o.o. and other shareholders for approximately €440 million.