Narrative Update • Jun 02
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Australian (ASX) Diversified Banks Industry Analysis
UpdatedJun 11, 2026
DataAggregated Company Financials
Companies7
- 7D-2.0%
- 3M-10.9%
- 1Y-3.7%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has dropped 2.0%, driven by declines from every company within the industry. However, the industry is down 3.7% over the past year. Earnings are forecast to grow by 5.1% 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 |
|---|---|---|---|---|---|---|
| Thu, 11 Jun 2026 | AU$610.1b | AU$94.4b | AU$29.9b | 17.3x | 20.4x | 6.5x |
| Sat, 09 May 2026 | AU$656.2b | AU$94.4b | AU$29.9b | 18.2x | 21.9x | 7x |
| Mon, 06 Apr 2026 | AU$668.7b | AU$94.3b | AU$30.8b | 18.1x | 21.7x | 7.1x |
| Wed, 04 Mar 2026 | AU$704.0b | AU$94.3b | AU$30.8b | 20.1x | 22.9x | 7.5x |
| Fri, 30 Jan 2026 | AU$627.9b | AU$92.9b | AU$30.2b | 19x | 20.8x | 6.8x |
| Sun, 28 Dec 2025 | AU$647.5b | AU$92.9b | AU$30.2b | 19.1x | 21.4x | 7x |
| Tue, 25 Nov 2025 | AU$622.8b | AU$93.0b | AU$30.2b | 18.3x | 20.6x | 6.7x |
| Thu, 23 Oct 2025 | AU$541.2b | AU$70.2b | AU$24.4b | 17.7x | 22.2x | 7.7x |
| Sat, 20 Sep 2025 | AU$647.6b | AU$91.9b | AU$31.5b | 18.6x | 20.6x | 7x |
| Mon, 18 Aug 2025 | AU$631.5b | AU$91.7b | AU$31.3b | 17.2x | 20.2x | 6.9x |
| Wed, 16 Jul 2025 | AU$633.3b | AU$90.9b | AU$31.0b | 16.6x | 20.5x | 7x |
| Fri, 13 Jun 2025 | AU$629.0b | AU$90.9b | AU$31.0b | 16.4x | 20.3x | 6.9x |
| Sun, 11 May 2025 | AU$589.0b | AU$90.9b | AU$31.0b | 15.3x | 19x | 6.5x |
| Tue, 08 Apr 2025 | AU$524.7b | AU$89.6b | AU$30.9b | 13.9x | 17x | 5.9x |
| Thu, 06 Mar 2025 | AU$568.1b | AU$89.6b | AU$30.9b | 15x | 18.4x | 6.3x |
| Sat, 01 Feb 2025 | AU$604.1b | AU$88.8b | AU$30.6b | 16.5x | 19.8x | 6.8x |
| Mon, 30 Dec 2024 | AU$579.9b | AU$88.8b | AU$30.6b | 16x | 19x | 6.5x |
| Wed, 27 Nov 2024 | AU$590.0b | AU$88.8b | AU$30.6b | 16.2x | 19.3x | 6.6x |
| Fri, 25 Oct 2024 | AU$569.1b | AU$88.1b | AU$30.7b | 16.4x | 18.5x | 6.5x |
| Sun, 22 Sep 2024 | AU$579.2b | AU$88.1b | AU$30.7b | 17.1x | 18.9x | 6.6x |
| Tue, 20 Aug 2024 | AU$546.1b | AU$88.0b | AU$30.5b | 16.1x | 17.9x | 6.2x |
| Thu, 18 Jul 2024 | AU$533.0b | AU$88.0b | AU$30.8b | 15.1x | 17.3x | 6.1x |
| Sat, 15 Jun 2024 | AU$501.8b | AU$87.9b | AU$30.9b | 14.2x | 16.2x | 5.7x |
| Mon, 13 May 2024 | AU$485.7b | AU$88.0b | AU$30.9b | 14.1x | 15.7x | 5.5x |
| Wed, 10 Apr 2024 | AU$490.7b | AU$88.7b | AU$32.0b | 12.7x | 15.3x | 5.5x |
| Fri, 08 Mar 2024 | AU$492.1b | AU$88.7b | AU$32.0b | 13x | 15.4x | 5.5x |
| Sun, 04 Feb 2024 | AU$464.2b | AU$89.0b | AU$32.5b | 11.7x | 14.3x | 5.2x |
| Tue, 02 Jan 2024 | AU$444.5b | AU$88.9b | AU$32.5b | 11.1x | 13.7x | 5x |
| Thu, 30 Nov 2023 | AU$410.8b | AU$89.0b | AU$32.5b | 10.3x | 12.6x | 4.6x |
| Sat, 28 Oct 2023 | AU$402.9b | AU$87.1b | AU$31.8b | 11.3x | 12.7x | 4.6x |
| Mon, 25 Sep 2023 | AU$410.7b | AU$87.1b | AU$31.8b | 11.6x | 12.9x | 4.7x |
| Wed, 23 Aug 2023 | AU$401.6b | AU$87.1b | AU$31.8b | 11.4x | 12.6x | 4.6x |
| Fri, 21 Jul 2023 | AU$421.3b | AU$87.2b | AU$31.7b | 11.7x | 13.3x | 4.8x |
| Sun, 18 Jun 2023 | AU$394.5b | AU$87.2b | AU$31.7b | 10.8x | 12.4x | 4.5x |
Price to Earnings Ratio
12.4x
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 20.4x which is higher than its 3-year average PE of 17.8x.
- The industry is trading close to its 3-year average PS ratio of 6.1x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 2.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Australian Diversified Banks compare with similar industries?
| AU Market | -1.74% | |
| Financials | -0.61% | |
| Banks | -1.90% | |
| Diversified Banks | -1.95% | |
| Regional Banks | 1.26% | |
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 | |
|---|---|---|---|---|---|
| No data available | |||||