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Australian (ASX) Financials Sector Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies140
  • 7D1.9%
  • 3M10.0%
  • 1Y22.8%
  • YTD9.6%

Over the last 7 days, the Financials industry has risen 1.9%, driven by gains from Commonwealth Bank of Australia of 2.0%. This takes the industry's 12 month performance to a gain of 23%. Looking forward, earnings are forecast to grow by 3.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024AU$762.7bAU$219.4bAU$46.1b17.6x16.5x3.5x
Sat, 24 Feb 2024AU$740.4bAU$216.2bAU$45.9b17.9x16.1x3.4x
Mon, 22 Jan 2024AU$704.0bAU$198.7bAU$45.6b16.6x15.5x3.5x
Wed, 20 Dec 2023AU$686.5bAU$198.1bAU$45.5b16.7x15.1x3.5x
Fri, 17 Nov 2023AU$649.0bAU$198.9bAU$45.6b16.4x14.2x3.3x
Sun, 15 Oct 2023AU$655.6bAU$198.1bAU$45.5b16.4x14.4x3.3x
Tue, 12 Sep 2023AU$659.7bAU$198.4bAU$45.9b16.8x14.4x3.3x
Thu, 10 Aug 2023AU$667.0bAU$189.3bAU$44.8b17.7x14.9x3.5x
Sat, 08 Jul 2023AU$613.5bAU$170.7bAU$43.7b17x14.1x3.6x
Mon, 05 Jun 2023AU$623.3bAU$187.2bAU$44.6b17x14x3.3x
Wed, 03 May 2023AU$647.7bAU$182.4bAU$42.1b17.8x15.4x3.6x
Fri, 31 Mar 2023AU$620.1bAU$182.1bAU$42.3b16.9x14.7x3.4x
Sun, 26 Feb 2023AU$656.5bAU$181.3bAU$42.7b17.5x15.4x3.6x
Tue, 24 Jan 2023AU$674.5bAU$177.5bAU$40.2b16.5x16.8x3.8x
Thu, 22 Dec 2022AU$647.6bAU$178.4bAU$40.3b14.4x16.1x3.6x
Sat, 19 Nov 2022AU$658.8bAU$178.5bAU$40.3b14.8x16.4x3.7x
Mon, 17 Oct 2022AU$638.4bAU$179.3bAU$39.1b15.3x16.3x3.6x
Wed, 14 Sep 2022AU$631.6bAU$177.2bAU$39.0b16.2x16.2x3.6x
Fri, 12 Aug 2022AU$653.6bAU$180.9bAU$40.4b14.2x16.2x3.6x
Sun, 10 Jul 2022AU$603.4bAU$180.2bAU$40.8b13.9x14.8x3.3x
Tue, 07 Jun 2022AU$663.6bAU$179.2bAU$40.8b14.9x16.3x3.7x
Thu, 05 May 2022AU$685.3bAU$176.6bAU$39.4b15.4x17.4x3.9x
Sat, 02 Apr 2022AU$684.5bAU$175.2bAU$39.2b15.2x17.4x3.9x
Mon, 28 Feb 2022AU$641.5bAU$175.7bAU$39.4b15.2x16.3x3.7x
Wed, 26 Jan 2022AU$635.2bAU$172.6bAU$36.3b14.7x17.5x3.7x
Fri, 24 Dec 2021AU$671.9bAU$171.9bAU$36.2b15.5x18.6x3.9x
Sun, 21 Nov 2021AU$678.7bAU$171.8bAU$36.2b16.2x18.8x4x
Tue, 19 Oct 2021AU$693.8bAU$163.9bAU$31.4b16.6x22.1x4.2x
Thu, 16 Sep 2021AU$699.2bAU$163.8bAU$31.5b16.6x22.2x4.3x
Sat, 14 Aug 2021AU$705.1bAU$163.8bAU$31.5b16.5x22.4x4.3x
Wed, 09 Jun 2021AU$667.5bAU$158.6bAU$28.2b17.1x23.7x4.2x
Price to Earnings Ratio

22x


Total Market Cap: AU$619.4bTotal Earnings: AU$28.2bTotal Revenue: AU$157.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Financials Sector Price to Earnings3Y Average 17.1x202220232024
Current Industry PE
  • Investors are relatively neutral on the Australian Financials 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 17.1x.
  • The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 12% 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 Australian Financials sector?

AU Market1.46%
Financials1.89%
Insurance3.12%
Consumer Finance2.74%
Banks2.23%
Capital Markets0.35%
Mortgage Finance0%
Mortgage REITs0%
Diversified Financial-0.71%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 10.1%, which is lower than the prior year's growth of 34.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 44% over the next 5 years.
  • This is better than its past earnings decline of 37% per year.
  • In contrast, the Banks industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CBA Commonwealth Bank of AustraliaAU$120.342.0%
+AU$3.8b
23.1%PB2.8x
ANZ ANZ Group HoldingsAU$29.401.3%
+AU$1.2b
28.6%PB1.3x
QBE QBE Insurance GroupAU$18.132.5%
+AU$673.6m
24.8%PE13.5x
SUN Suncorp GroupAU$16.381.4%
+AU$279.5m
35.8%PE17.7x
SDF Steadfast GroupAU$5.883.3%
+AU$209.6m
1.9%PE31.7x
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