Australian (ASX) Regional Banks Industry Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies9
- 7D-5.5%
- 3M-0.3%
- 1Y-0.1%
- YTDn/a
Over the last 7 days, the Regional Banks industry has dropped 4.4%, driven by declines in Bank of Queensland and Bendigo and Adelaide Bank of 6.0% and 3.6%, respectively. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 10% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 17 Apr 2024 | AU$10.0b | AU$3.8b | AU$703.5m | 9.3x | 14.2x | 2.6x |
| Fri, 15 Mar 2024 | AU$10.2b | AU$3.8b | AU$703.6m | 10.4x | 14.5x | 2.7x |
| Sun, 11 Feb 2024 | AU$10.1b | AU$3.8b | AU$679.1m | 9.4x | 14.8x | 2.6x |
| Tue, 09 Jan 2024 | AU$10.2b | AU$3.8b | AU$681.4m | 2.3x | 14.9x | 2.6x |
| Thu, 07 Dec 2023 | AU$9.4b | AU$3.8b | AU$681.4m | 2.2x | 13.8x | 2.4x |
| Sat, 04 Nov 2023 | AU$9.3b | AU$3.8b | AU$681.1m | 2.1x | 13.7x | 2.4x |
| Mon, 02 Oct 2023 | AU$9.5b | AU$3.8b | AU$777.1m | 2.1x | 12.2x | 2.5x |
| Wed, 30 Aug 2023 | AU$9.9b | AU$3.9b | AU$778.0m | 2.7x | 12.7x | 2.6x |
| Fri, 28 Jul 2023 | AU$9.9b | AU$3.7b | AU$685.0m | 2.7x | 14.5x | 2.7x |
| Sun, 25 Jun 2023 | AU$8.9b | AU$3.7b | AU$685.0m | 2.6x | 13x | 2.4x |
| Tue, 23 May 2023 | AU$9.3b | AU$3.7b | AU$685.0m | 2.6x | 13.6x | 2.5x |
| Thu, 20 Apr 2023 | AU$9.8b | AU$3.7b | AU$892.7m | 7.3x | 11x | 2.7x |
| Sat, 18 Mar 2023 | AU$9.3b | AU$3.4b | AU$830.7m | 2.5x | 11.2x | 2.7x |
| Mon, 13 Feb 2023 | AU$10.4b | AU$3.4b | AU$899.6m | 9.9x | 11.6x | 3.1x |
| Wed, 11 Jan 2023 | AU$10.2b | AU$3.4b | AU$899.6m | 9.7x | 11.3x | 3x |
| Fri, 09 Dec 2022 | AU$9.8b | AU$3.4b | AU$899.5m | 10.6x | 10.9x | 2.9x |
| Sun, 06 Nov 2022 | AU$9.9b | AU$3.4b | AU$899.4m | 11.1x | 11x | 2.9x |
| Tue, 04 Oct 2022 | AU$8.8b | AU$3.3b | AU$902.3m | 11.1x | 9.7x | 2.7x |
| Thu, 01 Sep 2022 | AU$9.7b | AU$3.3b | AU$1.0b | 11.1x | 9.5x | 2.9x |
| Sat, 30 Jul 2022 | AU$10.7b | AU$3.4b | AU$1.0b | 12.5x | 10.3x | 3.2x |
| Mon, 27 Jun 2022 | AU$9.5b | AU$3.4b | AU$1.0b | 12.5x | 9.2x | 2.8x |
| Wed, 25 May 2022 | AU$10.9b | AU$3.4b | AU$1.0b | 12.6x | 10.5x | 3.2x |
| Fri, 22 Apr 2022 | AU$11.3b | AU$3.3b | AU$1.0b | 13.9x | 11x | 3.4x |
| Sun, 20 Mar 2022 | AU$11.2b | AU$3.1b | AU$975.4m | 14.7x | 11.5x | 3.7x |
| Tue, 15 Feb 2022 | AU$11.0b | AU$3.0b | AU$898.7m | 8.5x | 12.2x | 3.7x |
| Thu, 13 Jan 2022 | AU$10.5b | AU$3.0b | AU$898.7m | 8.5x | 11.7x | 3.5x |
| Sat, 11 Dec 2021 | AU$10.1b | AU$3.0b | AU$898.7m | 8.5x | 11.3x | 3.4x |
| Mon, 08 Nov 2021 | AU$10.9b | AU$3.0b | AU$898.7m | 9.3x | 12.2x | 3.7x |
| Wed, 06 Oct 2021 | AU$11.4b | AU$2.7b | AU$706.9m | 9.3x | 16.2x | 4.3x |
| Fri, 03 Sep 2021 | AU$11.7b | AU$2.7b | AU$706.8m | 9.5x | 16.6x | 4.4x |
| Sun, 01 Aug 2021 | AU$11.5b | AU$2.7b | AU$706.8m | 9.6x | 16.3x | 4.3x |
| Wed, 05 May 2021 | AU$11.5b | AU$2.6b | AU$589.2m | 12x | 19.5x | 4.5x |
Price to Earnings Ratio
19.5x
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 14.3x which is higher than its 3-year average PE of 12.9x.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Regional Banks industry have grown 6.1% per year over the last three years.
- Revenues for these companies have grown 14% 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 Regional Banks compare with similar industries?
| AU Market | -2.80% | |
| Financials | -3.96% | |
| Banks | -4.44% | |
| Regional Banks | -5.50% | |
| Diversified Banks | -4.42% | |
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 | |
|---|---|---|---|---|---|
| BOQ Bank of Queensland | AU$6.10 | 0.7% +AU$26.3m | -3.0% | PB0.7x |