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Australian (ASX) Diversified Banks Industry Analysis
UpdatedMay 31, 2025
DataAggregated Company Financials
Companies7
- 7D1.4%
- 3M7.0%
- 1Y27.5%
- YTDn/a
Last week, the Diversified Banks industry hasn't moved much but Westpac Banking is up 3.9% in that time. The past year has been better, since the industry has gained 27% in that time. Earnings are forecast to grow by 2.7% annually.
Industry Valuation and Performance
Has the Australian Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 31 May 2025 | AU$613.1b | AU$90.9b | AU$31.0b | 16x | 19.8x | 6.7x |
| Mon, 28 Apr 2025 | AU$583.6b | AU$89.6b | AU$30.9b | 15.2x | 18.9x | 6.5x |
| Wed, 26 Mar 2025 | AU$548.7b | AU$89.6b | AU$30.9b | 14.6x | 17.8x | 6.1x |
| Fri, 21 Feb 2025 | AU$567.8b | AU$89.6b | AU$30.9b | 15.2x | 18.4x | 6.3x |
| Sun, 19 Jan 2025 | AU$576.7b | AU$88.8b | AU$30.6b | 15.8x | 18.9x | 6.5x |
| Tue, 17 Dec 2024 | AU$584.1b | AU$88.8b | AU$30.6b | 15.9x | 19.1x | 6.6x |
| Thu, 14 Nov 2024 | AU$575.8b | AU$88.8b | AU$30.6b | 15.7x | 18.8x | 6.5x |
| Sat, 12 Oct 2024 | AU$542.7b | AU$88.1b | AU$30.7b | 15.7x | 17.7x | 6.2x |
| Mon, 09 Sep 2024 | AU$570.4b | AU$88.1b | AU$30.7b | 16.4x | 18.6x | 6.5x |
| Wed, 07 Aug 2024 | AU$503.8b | AU$88.0b | AU$30.8b | 14.7x | 16.4x | 5.7x |
| Fri, 05 Jul 2024 | AU$509.2b | AU$88.0b | AU$30.8b | 14.5x | 16.5x | 5.8x |
| Sun, 02 Jun 2024 | AU$484.4b | AU$87.9b | AU$30.9b | 13.8x | 15.7x | 5.5x |
| Tue, 30 Apr 2024 | AU$472.5b | AU$77.9b | AU$27.9b | 13.9x | 17x | 6.1x |
| Thu, 28 Mar 2024 | AU$490.5b | AU$88.7b | AU$32.0b | 12.5x | 15.3x | 5.5x |
| Sat, 24 Feb 2024 | AU$477.4b | AU$88.7b | AU$32.0b | 12.6x | 14.9x | 5.4x |
| Mon, 22 Jan 2024 | AU$450.5b | AU$89.0b | AU$32.5b | 11.3x | 13.9x | 5.1x |
| Wed, 20 Dec 2023 | AU$439.5b | AU$88.9b | AU$32.5b | 11x | 13.5x | 4.9x |
| Fri, 17 Nov 2023 | AU$411.5b | AU$89.0b | AU$32.5b | 10.3x | 12.7x | 4.6x |
| Sun, 15 Oct 2023 | AU$416.6b | AU$87.1b | AU$31.8b | 11.7x | 13.1x | 4.8x |
| Tue, 12 Sep 2023 | AU$416.9b | AU$87.2b | AU$31.8b | 11.8x | 13.1x | 4.8x |
| Thu, 10 Aug 2023 | AU$423.3b | AU$87.1b | AU$31.8b | 12x | 13.3x | 4.9x |
| Sat, 08 Jul 2023 | AU$392.5b | AU$87.3b | AU$31.7b | 10.8x | 12.4x | 4.5x |
| Mon, 05 Jun 2023 | AU$387.6b | AU$87.3b | AU$31.7b | 10.8x | 12.2x | 4.4x |
| Wed, 03 May 2023 | AU$417.0b | AU$85.5b | AU$30.6b | 12.9x | 13.6x | 4.9x |
| Fri, 31 Mar 2023 | AU$399.8b | AU$85.5b | AU$30.6b | 12.3x | 13.1x | 4.7x |
| Sun, 26 Feb 2023 | AU$422.1b | AU$85.5b | AU$30.6b | 13.2x | 13.8x | 4.9x |
| Tue, 24 Jan 2023 | AU$444.7b | AU$84.2b | AU$30.0b | 12.2x | 14.8x | 5.3x |
| Thu, 22 Dec 2022 | AU$429.6b | AU$84.2b | AU$30.0b | 11.7x | 14.3x | 5.1x |
| Sat, 19 Nov 2022 | AU$434.8b | AU$84.2b | AU$30.0b | 12x | 14.5x | 5.2x |
| Mon, 17 Oct 2022 | AU$427.2b | AU$84.4b | AU$29.0b | 12.8x | 14.7x | 5.1x |
| Wed, 14 Sep 2022 | AU$406.7b | AU$84.3b | AU$29.0b | 12.1x | 14x | 4.8x |
| Fri, 12 Aug 2022 | AU$419.7b | AU$84.2b | AU$29.0b | 12.2x | 14.5x | 5x |
| Sun, 10 Jul 2022 | AU$384.2b | AU$83.9b | AU$29.2b | 11.3x | 13.2x | 4.6x |
| Tue, 07 Jun 2022 | AU$435.4b | AU$83.8b | AU$29.1b | 12.4x | 14.9x | 5.2x |
Price to Earnings Ratio
14.9x
Current Industry PE
- Investors are optimistic on the Australian Diversified Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 19.6x which is higher than its 3-year average PE of 15.3x.
- The 3-year average PS ratio of 5.4x is lower than the industry's current PS ratio of 6.7x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 2.1% per year over the last three years.
- Revenues for these companies have grown 2.7% 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 Diversified Banks compare with similar industries?
| AU Market | 0.92% | |
| Financials | 1.34% | |
| Banks | 1.40% | |
| Diversified Banks | 1.41% | |
| Regional Banks | 0.99% | |
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 | |
|---|---|---|---|---|---|
| WBC Westpac Banking | AU$32.56 | 3.9% +AU$4.2b | 25.3% | PB1.5x | |
| CBA Commonwealth Bank of Australia | AU$175.95 | 1.2% +AU$3.5b | 47.2% | PB3.9x | |
| NAB National Australia Bank | AU$38.00 | 0.8% +AU$916.5m | 12.1% | PB1.9x | |
| JDO Judo Capital Holdings | AU$1.43 | 2.2% +AU$33.5m | 11.8% | PB1x | |
| KSL Kina Securities | AU$1.18 | 1.7% +AU$5.8m | 24.9% | PB1.4x |