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Australian (ASX) Regional Banks Industry Analysis
UpdatedDec 20, 2024
DataAggregated Company Financials
Companies8
- 7D1.0%
- 3M6.8%
- 1Y27.1%
- YTDn/a
All of the companies in the Regional Banks industry have been up over the last week, with the industry up 1.0%. In the last 12 months, the industry was up 27%. Earnings are forecast to grow by 6.1% annually.
Industry Valuation and Performance
Has the Australian Regional Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | AU$12.7b | AU$3.7b | AU$870.3m | 13.4x | 14.6x | 3.4x |
| Mon, 18 Nov 2024 | AU$12.4b | AU$3.7b | AU$870.9m | 9.4x | 14.3x | 3.4x |
| Wed, 16 Oct 2024 | AU$11.5b | AU$3.7b | AU$852.9m | 9.2x | 13.5x | 3.1x |
| Fri, 13 Sep 2024 | AU$11.9b | AU$3.7b | AU$852.7m | 10.1x | 13.9x | 3.2x |
| Sun, 11 Aug 2024 | AU$11.5b | AU$3.7b | AU$850.7m | 8.5x | 13.5x | 3.1x |
| Tue, 09 Jul 2024 | AU$11.1b | AU$3.7b | AU$850.7m | 7.9x | 13.1x | 3x |
| Thu, 06 Jun 2024 | AU$10.8b | AU$3.7b | AU$850.7m | 8.5x | 12.7x | 2.9x |
| Sat, 04 May 2024 | AU$10.0b | AU$3.7b | AU$849.8m | 10.4x | 11.8x | 2.7x |
| Mon, 01 Apr 2024 | AU$10.6b | AU$3.8b | AU$703.5m | 9.7x | 15.1x | 2.8x |
| Wed, 28 Feb 2024 | AU$9.9b | AU$3.8b | AU$703.7m | 10.4x | 14x | 2.6x |
| Fri, 26 Jan 2024 | AU$10.1b | AU$3.8b | AU$681.4m | 2.3x | 14.8x | 2.6x |
| Sun, 24 Dec 2023 | AU$9.9b | AU$3.8b | AU$681.4m | 2.3x | 14.6x | 2.6x |
| Tue, 21 Nov 2023 | AU$9.2b | AU$3.8b | AU$681.1m | 2.2x | 13.4x | 2.4x |
| Thu, 19 Oct 2023 | AU$9.4b | AU$3.8b | AU$681.1m | 2.1x | 13.9x | 2.5x |
| Sat, 16 Sep 2023 | AU$9.7b | AU$3.8b | AU$777.1m | 2.1x | 12.5x | 2.5x |
| Mon, 14 Aug 2023 | AU$9.8b | AU$3.7b | AU$685.0m | 2.7x | 14.4x | 2.6x |
| Wed, 12 Jul 2023 | AU$9.2b | AU$3.7b | AU$685.0m | 2.6x | 13.5x | 2.5x |
| Fri, 09 Jun 2023 | AU$8.9b | AU$3.7b | AU$685.0m | 2.6x | 13x | 2.4x |
| Sun, 07 May 2023 | AU$9.2b | AU$3.7b | AU$685.0m | 2.5x | 13.5x | 2.5x |
| Tue, 04 Apr 2023 | AU$9.9b | AU$3.7b | AU$892.7m | 7.3x | 11.1x | 2.7x |
| Thu, 02 Mar 2023 | AU$10.0b | AU$3.4b | AU$826.9m | 9.1x | 12.2x | 2.9x |
| Sat, 28 Jan 2023 | AU$10.4b | AU$3.4b | AU$899.6m | 9.8x | 11.6x | 3.1x |
| Mon, 26 Dec 2022 | AU$10.1b | AU$3.4b | AU$899.6m | 9.7x | 11.2x | 3x |
| Wed, 23 Nov 2022 | AU$9.9b | AU$3.4b | AU$899.4m | 11.1x | 11x | 2.9x |
| Fri, 21 Oct 2022 | AU$9.9b | AU$3.4b | AU$899.4m | 11.1x | 11x | 2.9x |
| Sun, 18 Sep 2022 | AU$9.3b | AU$3.3b | AU$902.3m | 11.1x | 10.3x | 2.8x |
| Tue, 16 Aug 2022 | AU$10.4b | AU$3.4b | AU$1.0b | 12.3x | 10x | 3.1x |
| Thu, 14 Jul 2022 | AU$10.0b | AU$3.4b | AU$1.0b | 12.5x | 9.7x | 3x |
| Sat, 11 Jun 2022 | AU$9.7b | AU$3.4b | AU$1.0b | 12.5x | 9.4x | 2.9x |
| Mon, 09 May 2022 | AU$10.9b | AU$3.3b | AU$1.0b | 13.9x | 10.6x | 3.3x |
| Wed, 06 Apr 2022 | AU$11.2b | AU$3.1b | AU$975.5m | 14.2x | 11.5x | 3.7x |
| Fri, 04 Mar 2022 | AU$10.5b | AU$3.1b | AU$975.8m | 8.8x | 10.7x | 3.4x |
| Sun, 30 Jan 2022 | AU$10.0b | AU$3.0b | AU$898.7m | 8.5x | 11.1x | 3.3x |
| Tue, 28 Dec 2021 | AU$10.4b | AU$3.0b | AU$898.7m | 8.5x | 11.6x | 3.5x |
Price to Earnings Ratio
11.6x
Current Industry PE
- Investors are optimistic on the Australian Regional Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 14.6x which is higher than its 3-year average PE of 12.4x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Regional Banks industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 7.4% 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 Regional Banks compare with similar industries?
| AU Market | -1.97% | |
| Financials | -0.86% | |
| Banks | -0.82% | |
| Regional Banks | 1.02% | |
| Diversified Banks | -0.86% | |
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 | |
|---|---|---|---|---|---|
| MYS MyState | AU$4.25 | 4.4% +AU$20.0m | 38.9% | PB1x | |
| ABA Auswide Bank | AU$4.73 | 7.0% +AU$16.1m | -3.7% | PB0.8x |