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Australian (ASX) Diversified Banks Industry Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies7
  • 7D-0.4%
  • 3M-0.6%
  • 1Y13.4%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has risen 1.2%, driven by gains from Commonwealth Bank of Australia of 1.4%. This takes the industry's 12 month performance to a gain of 12%. Earnings are forecast to grow by 4.7% annually.

Industry Valuation and Performance

Has the Australian Diversified Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025AU$647.1bAU$92.9bAU$30.2b19.1x21.4x7x
Fri, 28 Nov 2025AU$621.3bAU$93.0bAU$30.2b18.2x20.5x6.7x
Sun, 26 Oct 2025AU$532.1bAU$70.2bAU$24.4b17.5x21.8x7.6x
Tue, 23 Sep 2025AU$646.1bAU$91.9bAU$31.5b18.6x20.5x7x
Thu, 21 Aug 2025AU$653.2bAU$91.6bAU$31.4b18.4x20.8x7.1x
Sat, 19 Jul 2025AU$640.0bAU$90.9bAU$31.0b16.8x20.7x7x
Mon, 16 Jun 2025AU$626.2bAU$90.9bAU$31.0b16.4x20.2x6.9x
Wed, 14 May 2025AU$584.7bAU$90.9bAU$31.0b15.5x18.9x6.4x
Fri, 11 Apr 2025AU$553.5bAU$89.6bAU$30.9b14.6x17.9x6.2x
Sun, 09 Mar 2025AU$548.7bAU$89.6bAU$30.9b14.8x17.7x6.1x
Tue, 04 Feb 2025AU$596.9bAU$88.8bAU$30.6b16.4x19.5x6.7x
Thu, 02 Jan 2025AU$571.3bAU$88.8bAU$30.6b15.9x18.7x6.4x
Sat, 30 Nov 2024AU$597.8bAU$88.8bAU$30.6b16.4x19.6x6.7x
Mon, 28 Oct 2024AU$570.4bAU$88.1bAU$30.7b16.4x18.6x6.5x
Wed, 25 Sep 2024AU$559.8bAU$88.1bAU$30.7b16.8x18.2x6.4x
Fri, 23 Aug 2024AU$539.7bAU$88.1bAU$30.7b15.4x17.6x6.1x
Sun, 21 Jul 2024AU$526.4bAU$88.0bAU$30.8b14.9x17.1x6x
Tue, 18 Jun 2024AU$503.6bAU$87.9bAU$30.9b14.3x16.3x5.7x
Thu, 16 May 2024AU$484.0bAU$87.9bAU$30.9b14x15.7x5.5x
Sat, 13 Apr 2024AU$481.7bAU$88.7bAU$32.0b12.5x15x5.4x
Mon, 11 Mar 2024AU$502.5bAU$88.7bAU$32.0b13.4x15.7x5.7x
Wed, 07 Feb 2024AU$462.6bAU$89.0bAU$32.5b11.7x14.2x5.2x
Fri, 05 Jan 2024AU$441.1bAU$88.9bAU$32.5b11x13.6x5x
Sun, 03 Dec 2023AU$414.3bAU$88.9bAU$32.5b10.4x12.7x4.7x
Tue, 31 Oct 2023AU$397.0bAU$87.1bAU$31.8b11.2x12.5x4.6x
Thu, 28 Sep 2023AU$412.6bAU$87.2bAU$31.8b11.6x13x4.7x
Sat, 26 Aug 2023AU$405.6bAU$87.1bAU$31.8b11.6x12.7x4.7x
Mon, 24 Jul 2023AU$419.0bAU$87.3bAU$31.7b11.7x13.2x4.8x
Wed, 21 Jun 2023AU$403.6bAU$87.2bAU$31.7b11.1x12.7x4.6x
Fri, 19 May 2023AU$395.8bAU$87.3bAU$31.7b11.1x12.5x4.5x
Sun, 16 Apr 2023AU$409.8bAU$85.5bAU$30.6b12.6x13.4x4.8x
Tue, 14 Mar 2023AU$399.1bAU$85.5bAU$30.6b12.6x13x4.7x
Thu, 09 Feb 2023AU$449.8bAU$84.2bAU$30.0b12.5x15x5.3x
Sat, 07 Jan 2023AU$424.7bAU$84.2bAU$30.0b11.6x14.2x5x
Price to Earnings Ratio

14.2x


Total Market Cap: AU$424.7bTotal Earnings: AU$30.0bTotal Revenue: AU$84.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Banks Industry Price to Earnings3Y Average 16.6x20242025
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 21.4x which is higher than its 3-year average PE of 16.6x.
  • The 3-year average PS ratio of 5.8x is lower than the industry's current PS ratio of 7.0x.
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 3.3% 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 Comparison

How does Australian Diversified Banks compare with similar industries?

AU Market-0.74%
Financials-0.51%
Banks-0.42%
Diversified Banks-0.43%
Regional Banks-0.34%
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?

CompanyLast Price7D1YValuation
ANZ ANZ Group HoldingsAU$36.340.1%
+AU$119.3m		27.3%PB1.5x
BFL BSP Financial GroupAU$8.251.9%
+AU$70.1m		23.9%PB2.3x
KSL Kina SecuritiesAU$1.262.9%
+AU$10.3m		10.5%PB1.5x

Latest News

CBA
AU$160.57
Commonwealth Bank of Australia
7D
-0.5%
1Y
4.8%

CBA: Elevated Margin Pressures Will Likely Cap Future Share Price Upside

Analysts have nudged their fair value estimate for Commonwealth Bank of Australia fractionally lower, trimming the price target by about A$0.19 to roughly A$99.81, as slightly softer long term margins and a marginally lower discount rate offset improved top line growth expectations. Analyst Commentary Bearish analysts acknowledge that Commonwealth Bank of Australia continues to execute solidly on revenue growth, but argue that the recent fair value trim underscores mounting risks to the medium term outlook.
NAB
AU$42.31
National Australia Bank
7D
-0.3%
1Y
14.0%
WBC
AU$38.60
Westpac Banking
7D
-1.4%
1Y
19.4%
JDO
AU$1.73
Judo Capital Holdings
7D
-0.6%
1Y
-5.2%

JDO: Future Outlook Will Balance Modest Profit Margin Gains With Measured Market Expectations

Analysts have raised their price target on Judo Capital Holdings from approximately $1.38 to $1.64 per share. They cite slightly higher forecast revenue growth, modestly improved profit margins, and a marginally richer but still reasonable future price to earnings multiple.
ANZ
AU$36.34
ANZ Group Holdings
7D
0.1%
1Y
27.3%

ANZ: Cost Discipline And Capital Returns Will Support Resilient Future Performance

Analysts have modestly increased their price target for ANZ Group Holdings by approximately $0.07, citing slightly stronger long term revenue growth expectations and a marginally lower discount rate that more than offset a flat profit margin outlook and only a small uptick in the assumed future P/E multiple. Analyst Commentary Street research sentiment around ANZ Group Holdings appears cautiously constructive, with recent valuation tweaks reflecting a balance between supportive macro trends and pockets of execution risk.
KSL
AU$1.26
Kina Securities
7D
2.9%
1Y
10.5%
BFL
AU$8.25
BSP Financial Group
7D
1.9%
1Y
23.9%