Narrative Update • Aug 18
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Australian (ASX) Diversified Banks Industry Analysis
UpdatedAug 24, 2026
DataAggregated Company Financials
Companies7
- 7D-5.5%
- 3M-2.8%
- 1Y-7.1%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has dropped 5.5%, driven by a pullback from Commonwealth Bank of Australia of 5.5%. On the other hand Judo Capital Holdings is actually up 5.9%. Overall the industry is down 7.1% in 12 months. Looking forward, earnings are forecast to grow by 4.8% 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 |
|---|---|---|---|---|---|---|
| Mon, 24 Aug 2026 | AU$614.5b | AU$95.7b | AU$30.5b | 16.5x | 20.2x | 6.4x |
| Wed, 22 Jul 2026 | AU$642.7b | AU$94.4b | AU$29.9b | 17.7x | 21.5x | 6.8x |
| Fri, 19 Jun 2026 | AU$617.4b | AU$94.4b | AU$29.9b | 17.1x | 20.6x | 6.5x |
| Sun, 17 May 2026 | AU$612.6b | AU$94.4b | AU$29.9b | 17.5x | 20.5x | 6.5x |
| Tue, 14 Apr 2026 | AU$712.0b | AU$94.3b | AU$30.8b | 19.4x | 23.1x | 7.6x |
| Thu, 12 Mar 2026 | AU$693.9b | AU$94.3b | AU$30.8b | 19.4x | 22.5x | 7.4x |
| Sat, 07 Feb 2026 | AU$650.8b | AU$92.9b | AU$30.2b | 19.5x | 21.5x | 7x |
| Mon, 05 Jan 2026 | AU$647.9b | AU$92.9b | AU$30.2b | 19.1x | 21.4x | 7x |
| Wed, 03 Dec 2025 | AU$613.2b | AU$92.9b | AU$30.2b | 18.1x | 20.3x | 6.6x |
| Fri, 31 Oct 2025 | AU$665.1b | AU$91.9b | AU$31.5b | 18.5x | 21.1x | 7.2x |
| Sun, 28 Sep 2025 | AU$643.0b | AU$91.9b | AU$31.5b | 18.5x | 20.4x | 7x |
| Tue, 26 Aug 2025 | AU$649.0b | AU$91.9b | AU$31.5b | 18.2x | 20.6x | 7.1x |
| Thu, 24 Jul 2025 | AU$613.5b | AU$90.8b | AU$31.0b | 16.2x | 19.8x | 6.8x |
| Sat, 21 Jun 2025 | AU$627.4b | AU$90.9b | AU$31.0b | 16.3x | 20.3x | 6.9x |
| Mon, 19 May 2025 | AU$596.0b | AU$90.9b | AU$31.0b | 15.5x | 19.2x | 6.6x |
| Wed, 16 Apr 2025 | AU$560.1b | AU$89.6b | AU$30.9b | 14.6x | 18.1x | 6.3x |
| Fri, 14 Mar 2025 | AU$533.7b | AU$89.6b | AU$30.9b | 14.4x | 17.3x | 6x |
| Sun, 09 Feb 2025 | AU$611.4b | AU$88.8b | AU$30.6b | 16.7x | 20x | 6.9x |
| Tue, 07 Jan 2025 | AU$580.6b | AU$88.8b | AU$30.6b | 16.1x | 19x | 6.5x |
| Thu, 05 Dec 2024 | AU$594.2b | AU$88.8b | AU$30.6b | 16.3x | 19.4x | 6.7x |
| Sat, 02 Nov 2024 | AU$562.7b | AU$88.1b | AU$30.7b | 16.4x | 18.3x | 6.4x |
| Mon, 30 Sep 2024 | AU$542.6b | AU$88.1b | AU$30.7b | 16.1x | 17.7x | 6.2x |
| Wed, 28 Aug 2024 | AU$543.3b | AU$88.1b | AU$30.7b | 15.6x | 17.7x | 6.2x |
| Fri, 26 Jul 2024 | AU$527.1b | AU$88.0b | AU$30.8b | 15x | 17.1x | 6x |
| Sun, 23 Jun 2024 | AU$511.4b | AU$87.9b | AU$30.9b | 14.4x | 16.5x | 5.8x |
| Tue, 21 May 2024 | AU$493.8b | AU$87.9b | AU$30.9b | 14.3x | 16x | 5.6x |
| Thu, 18 Apr 2024 | AU$469.0b | AU$88.8b | AU$32.0b | 12.3x | 14.6x | 5.3x |
| Sat, 16 Mar 2024 | AU$479.7b | AU$88.7b | AU$32.0b | 12.6x | 15x | 5.4x |
| Mon, 12 Feb 2024 | AU$467.8b | AU$89.0b | AU$32.5b | 11.8x | 14.4x | 5.3x |
| Wed, 10 Jan 2024 | AU$447.8b | AU$88.9b | AU$32.5b | 11.2x | 13.8x | 5x |
| Fri, 08 Dec 2023 | AU$422.9b | AU$89.0b | AU$32.5b | 10.7x | 13x | 4.8x |
| Sun, 05 Nov 2023 | AU$413.8b | AU$87.1b | AU$31.8b | 11.7x | 13x | 4.8x |
| Tue, 03 Oct 2023 | AU$411.9b | AU$87.1b | AU$31.8b | 11.5x | 12.9x | 4.7x |
| Thu, 31 Aug 2023 | AU$415.9b | AU$87.1b | AU$31.8b | 11.9x | 13.1x | 4.8x |
Price to Earnings Ratio
13.1x
Current Industry PE
- Investors are relatively neutral on the Australian Diversified Banks 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 18.4x.
- The industry is trading close to its 3-year average PS ratio of 6.3x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 3.2% 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 Comparison
How does Australian Diversified Banks compare with similar industries?
| AU Market | -0.61% | |
| Financials | -4.76% | |
| Banks | -5.47% | |
| Diversified Banks | -5.49% | |
| Regional Banks | -4.37% | |
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 | |
|---|---|---|---|---|---|
| JDO Judo Capital Holdings | AU$0.96 | 5.5% +AU$56.1m | -45.9% | PB0.6x | |
| BFL BSP Financial Group | AU$8.10 | 0.7% +AU$28.0m | -7.6% | PB2.3x |
