Australian (ASX) Diversified Banks Industry Analysis
UpdatedMay 30, 2023
DataAggregated Company Financials
Companies7
- 7D0.4%
- 3M-4.9%
- 1Y-10.3%
- YTD-4.0%
In the last week, Diversified Banks has been flat. As for the longer term, the industry has declined 10% in the last year. Looking forward, earnings are expected to remain mostly flat in the next few years.
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, 30 May 2023 | AU$399.9b | AU$87.3b | AU$31.7b | 11.1x | 12.6x | 4.6x |
| Thu, 27 Apr 2023 | AU$413.2b | AU$85.5b | AU$30.6b | 12.8x | 13.5x | 4.8x |
| Sat, 25 Mar 2023 | AU$392.2b | AU$85.5b | AU$30.6b | 12x | 12.8x | 4.6x |
| Mon, 20 Feb 2023 | AU$421.7b | AU$85.4b | AU$30.5b | 11.8x | 13.8x | 4.9x |
| Wed, 18 Jan 2023 | AU$443.5b | AU$84.2b | AU$30.0b | 12.3x | 14.8x | 5.3x |
| Fri, 16 Dec 2022 | AU$434.5b | AU$84.2b | AU$30.0b | 11.9x | 14.5x | 5.2x |
| Sun, 13 Nov 2022 | AU$439.0b | AU$84.2b | AU$30.0b | 12.1x | 14.6x | 5.2x |
| Tue, 11 Oct 2022 | AU$404.9b | AU$84.4b | AU$29.0b | 12.1x | 14x | 4.8x |
| Thu, 08 Sep 2022 | AU$404.3b | AU$84.3b | AU$29.0b | 12x | 13.9x | 4.8x |
| Sat, 06 Aug 2022 | AU$417.3b | AU$83.9b | AU$29.1b | 12.1x | 14.3x | 5x |
| Mon, 04 Jul 2022 | AU$374.9b | AU$83.9b | AU$29.2b | 11x | 12.9x | 4.5x |
| Wed, 01 Jun 2022 | AU$435.7b | AU$83.8b | AU$29.1b | 12.5x | 15x | 5.2x |
| Fri, 29 Apr 2022 | AU$441.8b | AU$83.1b | AU$28.4b | 13.7x | 15.6x | 5.3x |
| Sun, 27 Mar 2022 | AU$446.9b | AU$83.0b | AU$28.3b | 13.8x | 15.8x | 5.4x |
| Tue, 22 Feb 2022 | AU$433.3b | AU$82.9b | AU$28.3b | 15.3x | 15.3x | 5.2x |
| Thu, 20 Jan 2022 | AU$426.5b | AU$81.7b | AU$27.3b | 14.3x | 15.6x | 5.2x |
| Sat, 18 Dec 2021 | AU$422.1b | AU$81.7b | AU$27.3b | 14.1x | 15.4x | 5.2x |
| Mon, 15 Nov 2021 | AU$448.9b | AU$81.7b | AU$27.3b | 15.1x | 16.4x | 5.5x |
| Wed, 13 Oct 2021 | AU$446.5b | AU$76.6b | AU$23.9b | 16.8x | 18.7x | 5.8x |
| Fri, 10 Sep 2021 | AU$447.0b | AU$76.6b | AU$23.9b | 16.8x | 18.7x | 5.8x |
| Sun, 08 Aug 2021 | AU$447.7b | AU$76.6b | AU$23.9b | 16.6x | 18.7x | 5.8x |
| Sat, 01 May 2021 | AU$419.0b | AU$74.4b | AU$22.5b | 17x | 18.6x | 5.6x |
| Tue, 02 Feb 2021 | AU$369.3b | AU$70.3b | AU$18.9b | 18x | 19.6x | 5.3x |
| Fri, 06 Nov 2020 | AU$301.5b | AU$67.7b | AU$16.6b | 17.2x | 18.2x | 4.5x |
| Mon, 10 Aug 2020 | AU$296.6b | AU$69.4b | AU$19.3b | 14x | 15.4x | 4.3x |
Price to Earnings Ratio
12.9x
Current Industry PE
- Investors are pessimistic on the Australian Diversified Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 12.6x which is lower than its 3-year average PE of 16.1x.
- 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 13% per year over the last three years.
- Revenues for these companies have grown 6.5% 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 | -0.72% | |
| Financials | 0.36% | |
| Banks | 0.40% | |
| Diversified Banks | 0.35% | |
| Regional Banks | 2.30% | |
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$99.57 | 0.1% +AU$139.3m | -4.6% | PB2.3x | |
| BFL BSP Financial Group | AU$5.09 | 3.9% +AU$88.8m | 2.4% | PB1.4x |