Australian (ASX) Banks Industry Analysis
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies16
- 7D1.9%
- 3M4.3%
- 1Y24.0%
- YTD10.5%
The Banks industry has gained 1.9% in the last week and National Australia Bank up 3.1%. This takes the industry's 12 month performance to a gain of 24%. Looking forward, earnings are forecast to grow by 1.9% annually.
Industry Valuation and Performance
Has the Australian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 May 2024 | AU$505.5b | AU$91.6b | AU$31.8b | 11.1x | 15.9x | 5.5x |
| Sat, 20 Apr 2024 | AU$481.7b | AU$92.5b | AU$32.9b | 11x | 14.6x | 5.2x |
| Mon, 18 Mar 2024 | AU$489.9b | AU$92.5b | AU$32.7b | 10.7x | 15x | 5.3x |
| Wed, 14 Feb 2024 | AU$481.8b | AU$92.8b | AU$33.2b | 10.6x | 14.5x | 5.2x |
| Fri, 12 Jan 2024 | AU$455.1b | AU$92.8b | AU$33.2b | 8.3x | 13.7x | 4.9x |
| Sun, 10 Dec 2023 | AU$432.8b | AU$92.8b | AU$33.2b | 8x | 13x | 4.7x |
| Tue, 07 Nov 2023 | AU$426.7b | AU$90.9b | AU$32.5b | 7.9x | 13.1x | 4.7x |
| Thu, 05 Oct 2023 | AU$421.3b | AU$91.0b | AU$32.6b | 7.9x | 12.9x | 4.6x |
| Sat, 02 Sep 2023 | AU$426.7b | AU$91.0b | AU$32.6b | 7.3x | 13.1x | 4.7x |
| Mon, 31 Jul 2023 | AU$435.0b | AU$91.0b | AU$32.4b | 8.4x | 13.4x | 4.8x |
| Wed, 28 Jun 2023 | AU$401.1b | AU$91.0b | AU$32.4b | 8.2x | 12.4x | 4.4x |
| Fri, 26 May 2023 | AU$410.9b | AU$91.0b | AU$32.4b | 8.1x | 12.7x | 4.5x |
| Sun, 23 Apr 2023 | AU$422.7b | AU$89.2b | AU$31.3b | 9.8x | 13.5x | 4.7x |
| Tue, 21 Mar 2023 | AU$404.4b | AU$89.2b | AU$31.5b | 9.5x | 12.8x | 4.5x |
| Thu, 16 Feb 2023 | AU$437.2b | AU$88.8b | AU$31.4b | 10.6x | 13.9x | 4.9x |
| Sat, 14 Jan 2023 | AU$449.3b | AU$87.6b | AU$30.9b | 10.6x | 14.5x | 5.1x |
| Mon, 12 Dec 2022 | AU$438.4b | AU$87.6b | AU$30.9b | 10.6x | 14.2x | 5x |
| Wed, 09 Nov 2022 | AU$441.4b | AU$86.8b | AU$30.7b | 11x | 14.4x | 5.1x |
| Fri, 07 Oct 2022 | AU$422.2b | AU$87.7b | AU$29.9b | 10.8x | 14.1x | 4.8x |
| Sun, 04 Sep 2022 | AU$417.3b | AU$87.6b | AU$30.0b | 11.1x | 13.9x | 4.8x |
| Tue, 02 Aug 2022 | AU$426.3b | AU$87.2b | AU$30.2b | 12.5x | 14.1x | 4.9x |
| Thu, 30 Jun 2022 | AU$393.9b | AU$87.2b | AU$30.2b | 12.1x | 13.1x | 4.5x |
| Sat, 28 May 2022 | AU$450.6b | AU$87.2b | AU$30.2b | 12.7x | 14.9x | 5.2x |
| Mon, 25 Apr 2022 | AU$463.8b | AU$86.4b | AU$29.4b | 13.9x | 15.8x | 5.4x |
| Wed, 23 Mar 2022 | AU$456.7b | AU$86.1b | AU$29.3b | 14.6x | 15.6x | 5.3x |
| Fri, 18 Feb 2022 | AU$445.1b | AU$86.0b | AU$29.3b | 11.1x | 15.2x | 5.2x |
| Sun, 16 Jan 2022 | AU$441.0b | AU$84.7b | AU$28.2b | 11.4x | 15.6x | 5.2x |
| Tue, 14 Dec 2021 | AU$428.0b | AU$84.7b | AU$28.2b | 10.9x | 15.2x | 5.1x |
| Thu, 11 Nov 2021 | AU$461.8b | AU$83.2b | AU$26.9b | 12.7x | 17.1x | 5.5x |
| Sat, 09 Oct 2021 | AU$458.5b | AU$79.3b | AU$24.6b | 10.4x | 18.6x | 5.8x |
| Mon, 06 Sep 2021 | AU$464.8b | AU$79.3b | AU$24.6b | 12.2x | 18.9x | 5.9x |
| Wed, 04 Aug 2021 | AU$453.2b | AU$79.3b | AU$24.6b | 12.4x | 18.4x | 5.7x |
Price to Earnings Ratio
19.7x
Current Industry PE
- Investors are relatively neutral on the Australian Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 14.8x.
- The industry is trading close to its 3-year average PS ratio of 5.0x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 6.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Financials industry?
| AU Market | 1.47% | |
| Financials | 1.43% | |
| Banks | 1.93% | |
| Regional Banks | 7.45% | |
| Diversified Banks | 1.82% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 14.8x.
- Analysts are expecting annual earnings growth of 1.8%, which is higher than its past year's earnings decline of 3.9% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 12.7x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 6.6% over the next 5 years.
- However this is lower than its past earnings growth rate of 17% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NAB National Australia Bank | AU$34.79 | 3.1% +AU$3.2b | 30.7% | PB1.8x | |
| ANZ ANZ Group Holdings | AU$28.62 | 3.4% +AU$2.8b | 19.4% | PB1.2x | |
| CBA Commonwealth Bank of Australia | AU$121.50 | 1.3% +AU$2.6b | 21.6% | PB2.8x | |
| WBC Westpac Banking | AU$27.07 | 2.7% +AU$2.5b | 27.5% | PB1.3x | |
| BEN Bendigo and Adelaide Bank | AU$11.02 | 11.8% +AU$656.8m | 26.2% | PB0.9x |