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Australian (ASX) Diversified Banks Industry Analysis
UpdatedJul 10, 2026
DataAggregated Company Financials
Companies7
- 7D3.2%
- 3M-10.7%
- 1Y0.3%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has risen 4.9%, driven by gains from Commonwealth Bank of Australia of 4.3%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 4.6% 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 | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 10 Jul 2026 | AU$637.9b | AU$94.4b | AU$29.9b | 17.6x | 21.3x | 6.8x |
| Sun, 07 Jun 2026 | AU$608.6b | AU$94.4b | AU$29.9b | 17x | 20.3x | 6.4x |
| Tue, 05 May 2026 | AU$654.5b | AU$94.0b | AU$30.8b | 17x | 21.2x | 7x |
| Thu, 02 Apr 2026 | AU$667.6b | AU$94.3b | AU$30.8b | 18.1x | 21.7x | 7.1x |
| Sat, 28 Feb 2026 | AU$714.0b | AU$94.3b | AU$30.8b | 20.5x | 23.2x | 7.6x |
| Mon, 26 Jan 2026 | AU$627.4b | AU$92.9b | AU$30.2b | 19.1x | 20.8x | 6.8x |
| Wed, 24 Dec 2025 | AU$649.9b | AU$92.9b | AU$30.2b | 19.1x | 21.5x | 7x |
| Fri, 21 Nov 2025 | AU$620.8b | AU$93.0b | AU$30.2b | 18.4x | 20.5x | 6.7x |
| Sun, 19 Oct 2025 | AU$528.5b | AU$70.2b | AU$24.4b | 17.5x | 21.6x | 7.5x |
| Tue, 16 Sep 2025 | AU$652.7b | AU$91.9b | AU$31.5b | 18.7x | 20.7x | 7.1x |
| Thu, 14 Aug 2025 | AU$616.5b | AU$91.7b | AU$31.3b | 16.6x | 19.7x | 6.7x |
| Sat, 12 Jul 2025 | AU$634.9b | AU$90.8b | AU$31.0b | 16.6x | 20.5x | 7x |
| Mon, 09 Jun 2025 | AU$625.1b | AU$90.9b | AU$31.0b | 16.3x | 20.2x | 6.9x |
| Wed, 07 May 2025 | AU$589.4b | AU$89.8b | AU$30.8b | 15.3x | 19.1x | 6.6x |
| Fri, 04 Apr 2025 | AU$567.1b | AU$89.6b | AU$30.9b | 14.8x | 18.3x | 6.3x |
| Sun, 02 Mar 2025 | AU$573.2b | AU$89.6b | AU$30.9b | 15.3x | 18.5x | 6.4x |
| Tue, 28 Jan 2025 | AU$594.8b | AU$88.8b | AU$30.6b | 16.2x | 19.5x | 6.7x |
| Thu, 26 Dec 2024 | AU$576.2b | AU$88.8b | AU$30.6b | 15.9x | 18.8x | 6.5x |
| Sat, 23 Nov 2024 | AU$606.4b | AU$88.8b | AU$30.6b | 16.6x | 19.8x | 6.8x |
| Mon, 21 Oct 2024 | AU$569.7b | AU$88.1b | AU$30.7b | 16.5x | 18.6x | 6.5x |
| Wed, 18 Sep 2024 | AU$570.4b | AU$88.1b | AU$30.7b | 16.9x | 18.6x | 6.5x |
| Fri, 16 Aug 2024 | AU$529.1b | AU$88.0b | AU$30.5b | 15.5x | 17.4x | 6x |
| Sun, 14 Jul 2024 | AU$524.4b | AU$88.0b | AU$30.8b | 14.8x | 17x | 6x |
| Tue, 11 Jun 2024 | AU$504.8b | AU$87.9b | AU$30.9b | 14.3x | 16.3x | 5.7x |
| Thu, 09 May 2024 | AU$494.2b | AU$88.0b | AU$30.9b | 14.8x | 16x | 5.6x |
| Sat, 06 Apr 2024 | AU$485.8b | AU$88.7b | AU$32.0b | 12.5x | 15.2x | 5.5x |
| Mon, 04 Mar 2024 | AU$484.7b | AU$88.7b | AU$32.0b | 12.8x | 15.1x | 5.5x |
| Wed, 31 Jan 2024 | AU$462.0b | AU$89.0b | AU$32.5b | 11.6x | 14.2x | 5.2x |
| Fri, 29 Dec 2023 | AU$445.6b | AU$88.9b | AU$32.5b | 11.1x | 13.7x | 5x |
| Sun, 26 Nov 2023 | AU$412.2b | AU$89.0b | AU$32.5b | 10.4x | 12.7x | 4.6x |
| Tue, 24 Oct 2023 | AU$405.1b | AU$87.1b | AU$31.8b | 11.4x | 12.7x | 4.6x |
| Thu, 21 Sep 2023 | AU$418.3b | AU$87.1b | AU$31.8b | 11.8x | 13.1x | 4.8x |
| Sat, 19 Aug 2023 | AU$404.9b | AU$87.1b | AU$31.8b | 11.6x | 12.7x | 4.6x |
| Mon, 17 Jul 2023 | AU$406.5b | AU$87.2b | AU$31.7b | 11.3x | 12.8x | 4.7x |
Price to Earnings Ratio
12.8x
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 21.3x which is higher than its 3-year average PE of 18.0x.
- The industry is trading close to its 3-year average PS ratio of 6.2x.
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 | 0.46% | |
| Financials | 2.44% | |
| Banks | 3.18% | |
| Diversified Banks | 3.19% | |
| Regional Banks | 2.71% | |
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$168.11 | 4.3% +AU$11.7b | -6.8% | PB3.6x | |
| ANZ ANZ Group Holdings | AU$35.76 | 2.8% +AU$2.9b | 18.1% | PB1.5x | |
| NAB National Australia Bank | AU$39.28 | 2.3% +AU$2.7b | -1.2% | PB2x | |
| WBC Westpac Banking | AU$36.20 | 2.1% +AU$2.5b | 6.9% | PB1.7x |