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Australian (ASX) Diversified Banks Industry Analysis

UpdatedMar 27, 2024
DataAggregated Company Financials
Companies7
  • 7D1.5%
  • 3M10.6%
  • 1Y24.2%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has risen 1.5%, driven by gains from Commonwealth Bank of Australia of 3.8%. In the last 12 months, the industry was up 24%. Earnings are forecast to grow by 1.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Mar 2024AU$487.8bAU$88.7bAU$32.0b12.7x15.2x5.5x
Fri, 23 Feb 2024AU$474.6bAU$88.7bAU$32.0b12.5x14.8x5.3x
Sun, 21 Jan 2024AU$450.5bAU$89.0bAU$32.5b11.3x13.9x5.1x
Tue, 19 Dec 2023AU$437.2bAU$88.9bAU$32.5b10.9x13.4x4.9x
Thu, 16 Nov 2023AU$411.5bAU$89.0bAU$32.5b10.6x12.7x4.6x
Sat, 14 Oct 2023AU$416.6bAU$87.1bAU$31.8b11.7x13.1x4.8x
Mon, 11 Sep 2023AU$411.2bAU$87.2bAU$31.8b11.6x12.9x4.7x
Wed, 09 Aug 2023AU$415.0bAU$87.3bAU$31.8b11.7x13.1x4.8x
Fri, 07 Jul 2023AU$398.1bAU$87.3bAU$31.7b10.9x12.5x4.6x
Sun, 04 Jun 2023AU$387.6bAU$87.3bAU$31.7b10.8x12.2x4.4x
Tue, 02 May 2023AU$417.0bAU$85.5bAU$30.6b12.9x13.6x4.9x
Thu, 30 Mar 2023AU$393.7bAU$85.5bAU$30.6b12x12.9x4.6x
Sat, 25 Feb 2023AU$422.1bAU$85.5bAU$30.6b13.2x13.8x4.9x
Mon, 23 Jan 2023AU$444.9bAU$84.2bAU$30.0b12.2x14.8x5.3x
Wed, 21 Dec 2022AU$429.5bAU$84.2bAU$30.0b11.7x14.3x5.1x
Fri, 18 Nov 2022AU$432.4bAU$84.2bAU$30.0b11.9x14.4x5.1x
Sun, 16 Oct 2022AU$427.2bAU$84.4bAU$29.0b12.8x14.7x5.1x
Tue, 13 Sep 2022AU$406.7bAU$84.3bAU$29.0b12.1x14x4.8x
Thu, 11 Aug 2022AU$416.7bAU$83.9bAU$29.1b12x14.3x5x
Sat, 09 Jul 2022AU$384.2bAU$83.9bAU$29.2b11.3x13.2x4.6x
Mon, 06 Jun 2022AU$437.7bAU$83.8bAU$29.1b12.5x15x5.2x
Wed, 04 May 2022AU$441.4bAU$83.1bAU$28.4b13.8x15.6x5.3x
Fri, 01 Apr 2022AU$450.4bAU$83.0bAU$28.3b14x15.9x5.4x
Sun, 27 Feb 2022AU$410.9bAU$83.1bAU$28.4b13.1x14.5x4.9x
Tue, 25 Jan 2022AU$416.4bAU$81.7bAU$27.3b14x15.2x5.1x
Thu, 23 Dec 2021AU$421.3bAU$81.7bAU$27.3b14.2x15.4x5.2x
Sat, 20 Nov 2021AU$422.7bAU$81.7bAU$27.3b14.5x15.5x5.2x
Mon, 18 Oct 2021AU$441.7bAU$76.6bAU$23.9b16.9x18.5x5.8x
Wed, 15 Sep 2021AU$447.0bAU$76.6bAU$23.9b16.7x18.7x5.8x
Fri, 13 Aug 2021AU$458.1bAU$76.6bAU$23.9b17.2x19.2x6x
Tue, 08 Jun 2021AU$444.1bAU$74.4bAU$22.5b17.2x19.7x6x
Price to Earnings Ratio

18.1x


Total Market Cap: AU$408.0bTotal Earnings: AU$22.5bTotal Revenue: AU$74.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Banks Industry Price to Earnings3Y Average 15x202220232024
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 15.0x.
  • The industry is trading close to its 3-year average PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 6.0% 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 Market0.96%
Financials1.28%
Banks1.48%
Diversified Banks1.50%
Regional Banks0.32%
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
CBA Commonwealth Bank of AustraliaAU$120.003.8%
+AU$7.2b
24.6%PB2.8x
NAB National Australia BankAU$34.692.3%
+AU$2.2b
28.3%PB1.8x
ANZ ANZ Group HoldingsAU$29.262.0%
+AU$1.7b
29.1%PB1.3x
BFL BSP Financial GroupAU$5.854.3%
+AU$112.1m
21.4%PB1.6x
JDO Judo Capital HoldingsAU$1.290.8%
+AU$11.1m
12.2%PB0.9x
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