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Australian (ASX) Diversified Banks Industry Analysis
UpdatedMay 28, 2022
DataAggregated Company Financials
Companies7
- 7D1.8%
- 3M8.2%
- 1Y1.9%
- YTD3.8%
The Diversified Banks industry is up 1.8% in the last week, with Commonwealth Bank of Australia up 1.9%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 1.9% per annum.
Industry Valuation and Performance
Has the Australian Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 28 May 2022 | AU$439.6b | AU$83.9b | AU$29.1b | 12.7x |
| Mon, 25 Apr 2022 | AU$452.6b | AU$83.1b | AU$28.3b | 14x |
| Wed, 23 Mar 2022 | AU$445.6b | AU$83.1b | AU$28.3b | 13.8x |
| Fri, 18 Feb 2022 | AU$433.8b | AU$82.9b | AU$28.3b | 15.1x |
| Sun, 16 Jan 2022 | AU$430.4b | AU$81.7b | AU$27.3b | 14.4x |
| Tue, 14 Dec 2021 | AU$417.9b | AU$81.7b | AU$27.3b | 14x |
| Thu, 11 Nov 2021 | AU$450.9b | AU$80.2b | AU$26.0b | 15.3x |
| Sat, 09 Oct 2021 | AU$446.8b | AU$76.6b | AU$23.9b | 16.8x |
| Mon, 06 Sep 2021 | AU$453.1b | AU$76.6b | AU$23.9b | 17.1x |
| Wed, 04 Aug 2021 | AU$441.6b | AU$76.6b | AU$23.9b | 16.4x |
| Sat, 08 May 2021 | AU$419.0b | AU$74.4b | AU$22.5b | 17x |
| Tue, 09 Feb 2021 | AU$369.3b | AU$70.3b | AU$18.9b | 18x |
| Mon, 02 Nov 2020 | AU$301.5b | AU$67.7b | AU$16.6b | 17.2x |
| Thu, 06 Aug 2020 | AU$296.6b | AU$69.4b | AU$19.3b | 14x |
| Sun, 10 May 2020 | AU$271.7b | AU$72.2b | AU$22.0b | 12.1x |
| Sat, 01 Feb 2020 | AU$390.6b | AU$74.4b | AU$24.4b | 14.8x |
| Tue, 05 Nov 2019 | AU$395.6b | AU$76.7b | AU$26.9b | 14.1x |
| Fri, 09 Aug 2019 | AU$404.8b | AU$77.8b | AU$27.2b | 14x |
Median PE Ratio
12.7x
Current Industry PE
- Investors are relatively neutral on the 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 14.9x.
Past Earnings Growth
- Both revenue and earnings for companies in the Diversified Banks industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Comparison
How does Australian Diversified Banks compare with similar industries?
| AU Market | -1.30% | |
| Financials | 1.24% | |
| Banks | 1.77% | |
| Diversified Banks | 1.77% | |
| Regional Banks | 1.70% | |
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CBA Commonwealth Bank of Australia | AU$106.63 | 1.9% +AU$3.4b | 6.0% | PB2.4x | |
| NAB National Australia Bank | AU$31.68 | 2.0% +AU$2.0b | 16.9% | PB1.7x | |
| WBC Westpac Banking | AU$24.09 | 2.2% +AU$1.7b | -9.0% | PB1.1x | |
| ANZ Australia and New Zealand Banking Group | AU$25.68 | 0.7% +AU$502.1m | -11.0% | PB1.2x | |
| BFL BSP Financial Group | AU$5.00 | 0.6% +AU$14.0m | n/a | PB1.6x |