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Australian (ASX) Banks Industry Analysis
UpdatedNov 08, 2025
DataAggregated Company Financials
Companies15
- 7D1.1%
- 3M7.7%
- 1Y15.8%
- YTD17.7%
The Banks industry is up 2.5% in the last week, with Commonwealth Bank of Australia up 2.5%. In the last 12 months, the industry was up 19%. As for the next few years, earnings are expected to grow by 5.2% 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 |
|---|---|---|---|---|---|---|
| Sat, 08 Nov 2025 | AU$687.9b | AU$96.0b | AU$31.4b | 17.6x | 21.9x | 7.2x |
| Mon, 06 Oct 2025 | AU$676.3b | AU$95.6b | AU$31.7b | 15.4x | 21.3x | 7.1x |
| Wed, 03 Sep 2025 | AU$666.5b | AU$95.6b | AU$31.7b | 16.9x | 21x | 7x |
| Fri, 01 Aug 2025 | AU$642.1b | AU$94.6b | AU$31.8b | 14.5x | 20.2x | 6.8x |
| Sun, 29 Jun 2025 | AU$651.2b | AU$94.6b | AU$31.8b | 15.1x | 20.5x | 6.9x |
| Tue, 27 May 2025 | AU$614.7b | AU$94.6b | AU$31.8b | 13.9x | 19.3x | 6.5x |
| Thu, 24 Apr 2025 | AU$590.4b | AU$93.3b | AU$31.7b | 12.9x | 18.6x | 6.3x |
| Sat, 22 Mar 2025 | AU$553.6b | AU$93.3b | AU$31.7b | 12.4x | 17.5x | 5.9x |
| Mon, 17 Feb 2025 | AU$632.8b | AU$93.1b | AU$31.7b | 14.5x | 19.9x | 6.8x |
| Wed, 15 Jan 2025 | AU$581.5b | AU$92.5b | AU$31.4b | 13.6x | 18.5x | 6.3x |
| Fri, 13 Dec 2024 | AU$592.9b | AU$92.5b | AU$31.4b | 13.5x | 18.9x | 6.4x |
| Sun, 10 Nov 2024 | AU$594.7b | AU$92.5b | AU$31.4b | 13x | 18.9x | 6.4x |
| Tue, 08 Oct 2024 | AU$550.5b | AU$91.8b | AU$31.5b | 12x | 17.4x | 6x |
| Thu, 05 Sep 2024 | AU$565.4b | AU$91.9b | AU$31.6b | 12.2x | 17.9x | 6.2x |
| Sat, 03 Aug 2024 | AU$536.6b | AU$91.7b | AU$31.6b | 11.4x | 17x | 5.9x |
| Mon, 01 Jul 2024 | AU$519.6b | AU$91.7b | AU$31.6b | 10.2x | 16.4x | 5.7x |
| Wed, 29 May 2024 | AU$500.2b | AU$91.7b | AU$31.8b | 10.7x | 15.7x | 5.5x |
| Fri, 26 Apr 2024 | AU$488.8b | AU$81.6b | AU$28.7b | 11.1x | 17x | 6x |
| Sun, 24 Mar 2024 | AU$497.9b | AU$92.5b | AU$32.7b | 11x | 15.2x | 5.4x |
| Tue, 20 Feb 2024 | AU$487.5b | AU$92.5b | AU$32.8b | 10.4x | 14.9x | 5.3x |
| Thu, 18 Jan 2024 | AU$454.8b | AU$92.8b | AU$33.2b | 8.1x | 13.7x | 4.9x |
| Sat, 16 Dec 2023 | AU$447.3b | AU$92.8b | AU$33.2b | 7.9x | 13.5x | 4.8x |
| Mon, 13 Nov 2023 | AU$420.9b | AU$92.5b | AU$33.3b | 7.9x | 12.7x | 4.6x |
| Wed, 11 Oct 2023 | AU$424.8b | AU$91.0b | AU$32.6b | 8.1x | 13x | 4.7x |
| Fri, 08 Sep 2023 | AU$420.3b | AU$91.0b | AU$32.6b | 8.1x | 12.9x | 4.6x |
| Sun, 06 Aug 2023 | AU$425.4b | AU$91.0b | AU$32.4b | 8.4x | 13.1x | 4.7x |
| Tue, 04 Jul 2023 | AU$411.5b | AU$91.0b | AU$32.4b | 8.2x | 12.7x | 4.5x |
| Thu, 01 Jun 2023 | AU$398.1b | AU$91.0b | AU$32.4b | 8.2x | 12.3x | 4.4x |
| Sat, 29 Apr 2023 | AU$422.6b | AU$89.2b | AU$31.3b | 8.2x | 13.5x | 4.7x |
| Mon, 27 Mar 2023 | AU$402.0b | AU$89.2b | AU$31.5b | 9.5x | 12.8x | 4.5x |
| Wed, 22 Feb 2023 | AU$436.5b | AU$88.8b | AU$31.4b | 11x | 13.9x | 4.9x |
| Fri, 20 Jan 2023 | AU$456.0b | AU$87.6b | AU$30.9b | 10.6x | 14.8x | 5.2x |
| Sun, 18 Dec 2022 | AU$440.3b | AU$87.6b | AU$30.9b | 10.2x | 14.2x | 5x |
| Tue, 15 Nov 2022 | AU$445.5b | AU$87.6b | AU$30.9b | 11.1x | 14.4x | 5.1x |
Price to Earnings Ratio
14.4x
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 22.1x which is higher than its 3-year average PE of 16.2x.
- The 3-year average PS ratio of 5.6x is lower than the industry's current PS ratio of 7.2x.
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 3.1% 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 | -1.70% | |
| Financials | -0.0072% | |
| Banks | 1.14% | |
| Diversified Banks | 1.15% | |
| Regional Banks | 0.70% | |
Industry PE
- Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 18.6x.
- 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 4.8% 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 | |
|---|---|---|---|---|---|
| CBA Commonwealth Bank of Australia | AU$175.91 | 2.5% +AU$7.1b | 17.8% | PB3.7x | |
| WBC Westpac Banking | AU$38.98 | 0.6% +AU$781.8m | 21.3% | PB1.8x | |
| ANZ ANZ Group Holdings | AU$36.80 | 0.4% +AU$446.9m | 14.5% | PB1.5x | |
| BEN Bendigo and Adelaide Bank | AU$12.86 | 1.7% +AU$118.4m | 2.6% | PB1.1x | |
| MYS MyState | AU$4.50 | 1.1% +AU$8.5m | 17.5% | PB1x |
