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Australian (ASX) Banks Industry Analysis
UpdatedNov 11, 2025
DataAggregated Company Financials
Companies15
- 7D-0.2%
- 3M6.1%
- 1Y16.1%
- YTD18.2%
The Banks industry has stayed flat over the last week. The past year has been better, since the industry has gained 16% in that time. As for the next few years, earnings are expected to grow by 5.3% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 11 Nov 2025 | AU$691.1b | AU$96.7b | AU$30.5b | 19.1x | 22.7x | 7.1x |
| Thu, 09 Oct 2025 | AU$674.3b | AU$95.6b | AU$31.7b | 15.4x | 21.3x | 7.1x |
| Sat, 06 Sep 2025 | AU$661.1b | AU$95.6b | AU$31.7b | 14.8x | 20.8x | 6.9x |
| Mon, 04 Aug 2025 | AU$635.1b | AU$94.6b | AU$31.8b | 14.4x | 20x | 6.7x |
| Wed, 02 Jul 2025 | AU$650.2b | AU$94.6b | AU$31.8b | 14.9x | 20.5x | 6.9x |
| Fri, 30 May 2025 | AU$618.4b | AU$94.6b | AU$31.8b | 14.1x | 19.5x | 6.5x |
| Sun, 27 Apr 2025 | AU$595.3b | AU$93.2b | AU$31.7b | 13.1x | 18.8x | 6.4x |
| Tue, 25 Mar 2025 | AU$561.7b | AU$93.3b | AU$31.7b | 12.5x | 17.7x | 6x |
| Thu, 20 Feb 2025 | AU$624.3b | AU$93.3b | AU$31.7b | 14.1x | 19.7x | 6.7x |
| Sat, 18 Jan 2025 | AU$589.3b | AU$92.5b | AU$31.4b | 13.7x | 18.7x | 6.4x |
| Mon, 16 Dec 2024 | AU$594.7b | AU$92.5b | AU$31.4b | 13.5x | 18.9x | 6.4x |
| Wed, 13 Nov 2024 | AU$594.8b | AU$92.5b | AU$31.4b | 13x | 18.9x | 6.4x |
| Fri, 11 Oct 2024 | AU$554.8b | AU$91.9b | AU$31.6b | 12.1x | 17.6x | 6x |
| Sun, 08 Sep 2024 | AU$582.2b | AU$91.9b | AU$31.6b | 12.5x | 18.5x | 6.3x |
| Tue, 06 Aug 2024 | AU$509.5b | AU$91.7b | AU$31.6b | 11x | 16.1x | 5.6x |
| Thu, 04 Jul 2024 | AU$513.0b | AU$91.7b | AU$31.6b | 10.6x | 16.2x | 5.6x |
| Sat, 01 Jun 2024 | AU$495.0b | AU$91.7b | AU$31.8b | 10.5x | 15.6x | 5.4x |
| Mon, 29 Apr 2024 | AU$480.4b | AU$81.6b | AU$28.7b | 10.9x | 16.7x | 5.9x |
| Wed, 27 Mar 2024 | AU$498.2b | AU$92.5b | AU$32.7b | 11x | 15.2x | 5.4x |
| Fri, 23 Feb 2024 | AU$484.5b | AU$92.5b | AU$32.7b | 9.9x | 14.8x | 5.2x |
| Sun, 21 Jan 2024 | AU$460.4b | AU$92.8b | AU$33.2b | 8.1x | 13.9x | 5x |
| Tue, 19 Dec 2023 | AU$447.1b | AU$92.8b | AU$33.2b | 8x | 13.5x | 4.8x |
| Thu, 16 Nov 2023 | AU$420.8b | AU$92.8b | AU$33.2b | 8x | 12.7x | 4.5x |
| Sat, 14 Oct 2023 | AU$425.9b | AU$91.0b | AU$32.8b | 7.6x | 13x | 4.7x |
| Mon, 11 Sep 2023 | AU$420.7b | AU$91.0b | AU$32.6b | 8.2x | 12.9x | 4.6x |
| Wed, 09 Aug 2023 | AU$424.7b | AU$91.0b | AU$32.4b | 8.4x | 13.1x | 4.7x |
| Fri, 07 Jul 2023 | AU$407.2b | AU$91.0b | AU$32.4b | 8.2x | 12.6x | 4.5x |
| Sun, 04 Jun 2023 | AU$396.6b | AU$91.0b | AU$32.4b | 8.2x | 12.2x | 4.4x |
| Tue, 02 May 2023 | AU$426.5b | AU$89.2b | AU$31.3b | 8.2x | 13.6x | 4.8x |
| Thu, 30 Mar 2023 | AU$403.3b | AU$89.2b | AU$31.5b | 9.6x | 12.8x | 4.5x |
| Sat, 25 Feb 2023 | AU$432.3b | AU$88.9b | AU$31.4b | 10.9x | 13.8x | 4.9x |
| Mon, 23 Jan 2023 | AU$455.3b | AU$87.6b | AU$30.9b | 10.6x | 14.7x | 5.2x |
| Wed, 21 Dec 2022 | AU$439.4b | AU$87.6b | AU$30.9b | 10.2x | 14.2x | 5x |
| Fri, 18 Nov 2022 | AU$442.1b | AU$87.6b | AU$30.9b | 11.1x | 14.3x | 5x |
Price to Earnings Ratio
14.3x
Current Industry PE
- Investors are optimistic on the Australian Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 22.7x which is higher than its 3-year average PE of 16.3x.
- The 3-year average PS ratio of 5.6x is lower than the industry's current PS ratio of 7.1x.
Past Earnings Growth
- The earnings for companies in the Banks industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 3.4% 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 Trends
Which industries have driven the changes within the Australian Financials industry?
| AU Market | -0.88% | |
| Financials | -0.57% | |
| Banks | -0.22% | |
| Diversified Banks | -0.21% | |
| Regional Banks | -0.93% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 19.0x.
- Analysts are expecting annual earnings growth of 24.5%, which is higher than its past year's earnings decline of 8.1% per year.
- Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.3x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings decline of 8.1% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.0% per year 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 | |
|---|---|---|---|---|---|
| ANZ ANZ Group Holdings | AU$37.98 | 2.8% +AU$3.0b | 18.2% | PB1.6x | |
| MYS MyState | AU$4.54 | 1.8% +AU$13.6m | 21.1% | PB1x | |
| BBC BNK Banking | AU$0.31 | 3.3% +AU$1.2m | -4.6% | PB0.3x | |
| LCB Logan Community Financial Services | AU$0.85 | 11.0% +AU$272.0k | 31.5% | PB0.7x |
