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Australian (ASX) Diversified Banks Industry Analysis
UpdatedApr 14, 2025
DataAggregated Company Financials
Companies7
- 7D-1.3%
- 3M-3.7%
- 1Y14.7%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has dropped 1.3%, driven by pullbacks in ANZ Group Holdings and Westpac Banking of 4.3% and 3.1%, respectively. In the past year, the industry has gained 15%. Looking forward, earnings are forecast to grow by 3.0% 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 |
|---|---|---|---|---|---|---|
| Tue, 15 Apr 2025 | AU$548.5b | AU$89.6b | AU$30.9b | 14.4x | 17.7x | 6.1x |
| Thu, 13 Mar 2025 | AU$537.2b | AU$89.6b | AU$30.9b | 14.4x | 17.4x | 6x |
| Sat, 08 Feb 2025 | AU$611.4b | AU$88.8b | AU$30.6b | 16.7x | 20x | 6.9x |
| Mon, 06 Jan 2025 | AU$577.9b | AU$88.8b | AU$30.6b | 16x | 18.9x | 6.5x |
| Wed, 04 Dec 2024 | AU$600.6b | AU$88.8b | AU$30.6b | 16.5x | 19.7x | 6.8x |
| Fri, 01 Nov 2024 | AU$565.0b | AU$88.1b | AU$30.7b | 16.4x | 18.4x | 6.4x |
| Sun, 29 Sep 2024 | AU$542.6b | AU$88.1b | AU$30.7b | 16.1x | 17.7x | 6.2x |
| Tue, 27 Aug 2024 | AU$547.6b | AU$88.1b | AU$30.7b | 15.7x | 17.8x | 6.2x |
| Thu, 25 Jul 2024 | AU$529.7b | AU$88.0b | AU$30.8b | 15.1x | 17.2x | 6x |
| Sat, 22 Jun 2024 | AU$511.4b | AU$87.9b | AU$30.9b | 14.4x | 16.5x | 5.8x |
| Mon, 20 May 2024 | AU$491.1b | AU$87.9b | AU$30.9b | 14.2x | 15.9x | 5.6x |
| Wed, 17 Apr 2024 | AU$479.0b | AU$88.8b | AU$32.0b | 12.3x | 15x | 5.4x |
| Fri, 15 Mar 2024 | AU$480.9b | AU$88.7b | AU$32.0b | 12.8x | 15x | 5.4x |
| Sun, 11 Feb 2024 | AU$467.8b | AU$89.0b | AU$32.5b | 11.8x | 14.4x | 5.3x |
| Tue, 09 Jan 2024 | AU$443.3b | AU$88.9b | AU$32.5b | 11.1x | 13.6x | 5x |
| Thu, 07 Dec 2023 | AU$423.3b | AU$89.0b | AU$32.5b | 10.6x | 13x | 4.8x |
| Sat, 04 Nov 2023 | AU$413.8b | AU$87.1b | AU$31.8b | 11.7x | 13x | 4.8x |
| Mon, 02 Oct 2023 | AU$413.0b | AU$87.1b | AU$31.8b | 11.6x | 13x | 4.7x |
| Wed, 30 Aug 2023 | AU$411.8b | AU$87.1b | AU$31.8b | 11.8x | 12.9x | 4.7x |
| Fri, 28 Jul 2023 | AU$427.4b | AU$87.2b | AU$31.7b | 11.9x | 13.5x | 4.9x |
| Sun, 25 Jun 2023 | AU$390.7b | AU$87.3b | AU$31.7b | 10.8x | 12.3x | 4.5x |
| Tue, 23 May 2023 | AU$402.0b | AU$87.3b | AU$31.7b | 11.1x | 12.7x | 4.6x |
| Thu, 20 Apr 2023 | AU$411.1b | AU$85.5b | AU$30.6b | 12.7x | 13.4x | 4.8x |
| Sat, 18 Mar 2023 | AU$397.8b | AU$85.5b | AU$30.6b | 12.5x | 13x | 4.7x |
| Mon, 13 Feb 2023 | AU$449.4b | AU$84.2b | AU$30.0b | 12.4x | 15x | 5.3x |
| Wed, 11 Jan 2023 | AU$425.6b | AU$84.2b | AU$30.0b | 11.6x | 14.2x | 5.1x |
| Fri, 09 Dec 2022 | AU$432.7b | AU$84.2b | AU$30.0b | 11.7x | 14.4x | 5.1x |
| Sun, 06 Nov 2022 | AU$439.8b | AU$85.1b | AU$29.4b | 12.8x | 15x | 5.2x |
| Tue, 04 Oct 2022 | AU$387.8b | AU$84.4b | AU$29.0b | 11.7x | 13.4x | 4.6x |
| Thu, 01 Sep 2022 | AU$409.7b | AU$84.3b | AU$29.0b | 12.1x | 14.1x | 4.9x |
| Sat, 30 Jul 2022 | AU$415.0b | AU$83.9b | AU$29.1b | 12x | 14.2x | 4.9x |
| Mon, 27 Jun 2022 | AU$372.5b | AU$83.9b | AU$29.1b | 10.8x | 12.8x | 4.4x |
| Wed, 25 May 2022 | AU$432.4b | AU$83.9b | AU$29.1b | 12.5x | 14.8x | 5.2x |
| Fri, 22 Apr 2022 | AU$460.9b | AU$83.1b | AU$28.3b | 14.2x | 16.3x | 5.5x |
Price to Earnings Ratio
16.3x
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 17.7x which is higher than its 3-year average PE of 15.1x.
- The 3-year average PS ratio of 5.3x is lower than the industry's current PS ratio of 6.1x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 2.9% per year over the last three years.
- Revenues for these companies have grown 2.5% 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 | 0.085% | |
| Financials | -0.40% | |
| Banks | -1.26% | |
| Diversified Banks | -1.28% | |
| Regional Banks | -0.50% | |
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 | |
|---|---|---|---|---|---|
| CBA Commonwealth Bank of Australia | AU$157.29 | 8.9% +AU$21.5b | 37.2% | PB3.5x | |
| WBC Westpac Banking | AU$30.51 | 4.3% +AU$4.3b | 16.6% | PB1.5x | |
| NAB National Australia Bank | AU$33.55 | 4.2% +AU$4.2b | -1.1% | PB1.7x | |
| ANZ ANZ Group Holdings | AU$27.42 | 2.2% +AU$1.7b | -5.4% | PB1.2x | |
| BFL BSP Financial Group | AU$7.35 | 8.1% +AU$257.0m | 25.9% | PB1.9x |