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Australian (ASX) Diversified Banks Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies7
- 7D-3.8%
- 3M-3.2%
- 1Y28.2%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has remained flat, although notably Kina Securities gained 5.7%. The past year has been better, since the industry has gained 32% in that time. Earnings are forecast to grow by 3.1% 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, 21 Dec 2024 | AU$559.9b | AU$88.8b | AU$30.6b | 15.6x | 18.3x | 6.3x |
| Mon, 18 Nov 2024 | AU$595.0b | AU$88.8b | AU$30.6b | 16.2x | 19.5x | 6.7x |
| Wed, 16 Oct 2024 | AU$556.2b | AU$88.1b | AU$30.7b | 16.1x | 18.1x | 6.3x |
| Fri, 13 Sep 2024 | AU$567.9b | AU$88.1b | AU$30.7b | 16.5x | 18.5x | 6.4x |
| Sun, 11 Aug 2024 | AU$511.3b | AU$88.0b | AU$30.8b | 14.8x | 16.6x | 5.8x |
| Tue, 09 Jul 2024 | AU$505.4b | AU$88.0b | AU$30.8b | 14.4x | 16.4x | 5.7x |
| Thu, 06 Jun 2024 | AU$498.0b | AU$87.9b | AU$30.9b | 14.2x | 16.1x | 5.7x |
| Sat, 04 May 2024 | AU$480.9b | AU$88.3b | AU$31.6b | 12.7x | 15.2x | 5.4x |
| Mon, 01 Apr 2024 | AU$491.7b | AU$88.7b | AU$32.0b | 12.6x | 15.4x | 5.5x |
| Wed, 28 Feb 2024 | AU$483.7b | AU$88.7b | AU$32.0b | 12.7x | 15.1x | 5.5x |
| Fri, 26 Jan 2024 | AU$458.2b | AU$89.0b | AU$32.5b | 11.5x | 14.1x | 5.2x |
| Sun, 24 Dec 2023 | AU$440.7b | AU$88.9b | AU$32.5b | 11.1x | 13.6x | 5x |
| Tue, 21 Nov 2023 | AU$410.3b | AU$89.0b | AU$32.5b | 10.3x | 12.6x | 4.6x |
| Thu, 19 Oct 2023 | AU$418.3b | AU$87.1b | AU$31.8b | 11.7x | 13.1x | 4.8x |
| Sat, 16 Sep 2023 | AU$419.1b | AU$87.1b | AU$31.8b | 11.8x | 13.2x | 4.8x |
| Mon, 14 Aug 2023 | AU$422.2b | AU$87.1b | AU$31.8b | 12x | 13.3x | 4.8x |
| Wed, 12 Jul 2023 | AU$398.3b | AU$87.3b | AU$31.7b | 11x | 12.6x | 4.6x |
| Fri, 09 Jun 2023 | AU$382.4b | AU$87.3b | AU$31.7b | 10.5x | 12x | 4.4x |
| Sun, 07 May 2023 | AU$395.2b | AU$86.7b | AU$31.0b | 11.1x | 12.7x | 4.6x |
| Tue, 04 Apr 2023 | AU$404.9b | AU$85.5b | AU$30.6b | 12.4x | 13.2x | 4.7x |
| Thu, 02 Mar 2023 | AU$413.7b | AU$85.5b | AU$30.6b | 13x | 13.5x | 4.8x |
| Sat, 28 Jan 2023 | AU$447.8b | AU$84.2b | AU$30.0b | 12.3x | 14.9x | 5.3x |
| Mon, 26 Dec 2022 | AU$430.0b | AU$84.2b | AU$30.0b | 11.8x | 14.3x | 5.1x |
| Wed, 23 Nov 2022 | AU$440.2b | AU$84.2b | AU$30.0b | 12.1x | 14.7x | 5.2x |
| Fri, 21 Oct 2022 | AU$435.6b | AU$84.4b | AU$29.0b | 13.1x | 15x | 5.2x |
| Sun, 18 Sep 2022 | AU$403.9b | AU$84.3b | AU$29.0b | 12.1x | 13.9x | 4.8x |
| Tue, 16 Aug 2022 | AU$420.5b | AU$84.1b | AU$29.0b | 12.3x | 14.5x | 5x |
| Thu, 14 Jul 2022 | AU$388.5b | AU$83.9b | AU$29.2b | 11.3x | 13.3x | 4.6x |
| Sat, 11 Jun 2022 | AU$391.0b | AU$83.9b | AU$29.1b | 11.4x | 13.4x | 4.7x |
| Mon, 09 May 2022 | AU$438.4b | AU$84.8b | AU$29.3b | 13x | 15x | 5.2x |
| Wed, 06 Apr 2022 | AU$445.3b | AU$83.0b | AU$28.3b | 13.8x | 15.7x | 5.4x |
| Fri, 04 Mar 2022 | AU$410.1b | AU$83.1b | AU$28.3b | 13x | 14.5x | 4.9x |
| Sun, 30 Jan 2022 | AU$410.0b | AU$81.7b | AU$27.4b | 13.9x | 15x | 5x |
| Tue, 28 Dec 2021 | AU$425.0b | AU$81.7b | AU$27.3b | 14.2x | 15.5x | 5.2x |
Price to Earnings Ratio
15.5x
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 18.8x which is higher than its 3-year average PE of 14.8x.
- The 3-year average PS ratio of 5.2x is lower than the industry's current PS ratio of 6.5x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 3.8% per year over the last three years.
- Revenues for these companies have grown 2.8% 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 | -2.74% | |
| Financials | -3.28% | |
| Banks | -3.80% | |
| Diversified Banks | -3.83% | |
| Regional Banks | -2.62% | |
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 | |
|---|---|---|---|---|---|
| KSL Kina Securities | AU$1.11 | 5.7% +AU$17.3m | 39.6% | PB1.3x | |
| BFL BSP Financial Group | AU$6.55 | 0.2% +AU$4.7m | 21.7% | PB1.8x |