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May 22
Australian (ASX) Banks Industry Analysis
UpdatedJun 15, 2024
DataAggregated Company Financials
Companies17
- 7D-0.6%
- 3M4.8%
- 1Y27.7%
- YTD12.1%
Last week, the Banks industry hasn't moved much but Judo Capital Holdings is up 3.4% in that time. As for the the longer term, the industry is up 28% over the past 12 months. Earnings are forecast to grow by 2.5% 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 |
|---|---|---|---|---|---|---|
| Sat, 15 Jun 2024 | AU$512.7b | AU$91.6b | AU$31.8b | 10.4x | 16.1x | 5.6x |
| Mon, 13 May 2024 | AU$495.8b | AU$91.7b | AU$31.8b | 10.7x | 15.6x | 5.4x |
| Wed, 10 Apr 2024 | AU$501.1b | AU$92.5b | AU$32.7b | 11.1x | 15.3x | 5.4x |
| Fri, 08 Mar 2024 | AU$502.4b | AU$92.5b | AU$32.7b | 10.8x | 15.4x | 5.4x |
| Sun, 04 Feb 2024 | AU$474.3b | AU$92.8b | AU$33.2b | 8.3x | 14.3x | 5.1x |
| Tue, 02 Jan 2024 | AU$454.6b | AU$92.8b | AU$33.2b | 8.1x | 13.7x | 4.9x |
| Thu, 30 Nov 2023 | AU$420.0b | AU$92.8b | AU$33.2b | 7.9x | 12.7x | 4.5x |
| Sat, 28 Oct 2023 | AU$411.9b | AU$91.0b | AU$32.5b | 7.8x | 12.7x | 4.5x |
| Mon, 25 Sep 2023 | AU$420.1b | AU$91.0b | AU$32.6b | 8.1x | 12.9x | 4.6x |
| Wed, 23 Aug 2023 | AU$411.4b | AU$91.0b | AU$32.6b | 8.4x | 12.6x | 4.5x |
| Fri, 21 Jul 2023 | AU$431.1b | AU$91.0b | AU$32.4b | 8.3x | 13.3x | 4.7x |
| Sun, 18 Jun 2023 | AU$403.6b | AU$91.0b | AU$32.4b | 8.2x | 12.5x | 4.4x |
| Tue, 16 May 2023 | AU$406.4b | AU$91.0b | AU$32.4b | 8.1x | 12.5x | 4.5x |
| Thu, 13 Apr 2023 | AU$417.2b | AU$89.2b | AU$31.5b | 9.7x | 13.2x | 4.7x |
| Sat, 11 Mar 2023 | AU$413.3b | AU$88.9b | AU$31.4b | 8.6x | 13.2x | 4.6x |
| Mon, 06 Feb 2023 | AU$463.2b | AU$87.6b | AU$30.9b | 10.9x | 15x | 5.3x |
| Wed, 04 Jan 2023 | AU$434.9b | AU$87.6b | AU$30.9b | 10.2x | 14.1x | 5x |
| Fri, 02 Dec 2022 | AU$454.7b | AU$87.6b | AU$30.9b | 11.1x | 14.7x | 5.2x |
| Sun, 30 Oct 2022 | AU$448.3b | AU$88.4b | AU$30.3b | 11.1x | 14.8x | 5.1x |
| Tue, 27 Sep 2022 | AU$406.6b | AU$87.7b | AU$29.9b | 11.1x | 13.6x | 4.6x |
| Thu, 25 Aug 2022 | AU$416.2b | AU$87.6b | AU$30.0b | 11.8x | 13.9x | 4.8x |
| Sat, 23 Jul 2022 | AU$410.8b | AU$87.2b | AU$30.2b | 12.5x | 13.6x | 4.7x |
| Mon, 20 Jun 2022 | AU$327.9b | AU$87.2b | AU$30.2b | 10.4x | 10.9x | 3.8x |
| Wed, 18 May 2022 | AU$448.5b | AU$87.2b | AU$30.2b | 12.6x | 14.9x | 5.1x |
| Fri, 15 Apr 2022 | AU$463.3b | AU$86.4b | AU$29.4b | 13.9x | 15.8x | 5.4x |
| Sun, 13 Mar 2022 | AU$432.7b | AU$86.1b | AU$29.3b | 13.8x | 14.8x | 5x |
| Tue, 08 Feb 2022 | AU$417.9b | AU$84.5b | AU$28.3b | 10.8x | 14.7x | 4.9x |
| Thu, 06 Jan 2022 | AU$446.5b | AU$84.7b | AU$28.2b | 11.3x | 15.8x | 5.3x |
| Sat, 04 Dec 2021 | AU$422.5b | AU$84.7b | AU$28.2b | 10.7x | 15x | 5x |
| Mon, 01 Nov 2021 | AU$460.9b | AU$81.0b | AU$26.0b | 10.3x | 17.7x | 5.7x |
| Wed, 29 Sep 2021 | AU$458.8b | AU$79.3b | AU$24.6b | 10.3x | 18.6x | 5.8x |
| Fri, 27 Aug 2021 | AU$460.7b | AU$79.3b | AU$24.6b | 12.2x | 18.7x | 5.8x |
| Sat, 03 Jul 2021 | AU$449.8b | AU$78.5b | AU$24.3b | 13.9x | 18.5x | 5.7x |
Price to Earnings Ratio
18.5x
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 16.1x which is higher than its 3-year average PE of 14.6x.
- The 3-year average PS ratio of 5.0x is lower than the industry's current PS ratio of 5.6x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 9.4% per year over the last three years.
- Revenues for these companies have grown 5.3% 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 | -1.68% | |
| Financials | -0.95% | |
| Banks | -0.59% | |
| Diversified Banks | -0.58% | |
| Regional Banks | -1.09% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 14.7x.
- Analysts are expecting annual earnings growth of 2.4%, 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 12.5x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 6.0% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 2.4% 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 | |
|---|---|---|---|---|---|
| JDO Judo Capital Holdings | AU$1.38 | 3.4% +AU$49.9m | 15.5% | PB1x |