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Belgian (BEL20) Financials Sector Analysis

UpdatedMar 13, 2025
DataAggregated Company Financials
Companies30
  • 7D-0.5%
  • 3M11.8%
  • 1Y6.0%
  • YTD7.7%

Over the last 7 days, the Financials industry has remained flat. As for the the longer term, the industry is up 4.7% over the past 12 months. Looking forward, earnings are forecast to grow by 7.6% annually.

Sector Valuation and Performance

Has the Belgian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Mar 2025€90.2b€39.5b€9.2b10.3x9.8x2.3x
Sat, 08 Feb 2025€86.2b€39.3b€8.8b10.5x9.8x2.2x
Mon, 06 Jan 2025€83.3b€39.3b€8.8b10.5x9.5x2.1x
Wed, 04 Dec 2024€79.8b€39.3b€8.8b9.8x9.1x2x
Fri, 01 Nov 2024€80.2b€39.5b€9.1b9.4x8.8x2x
Sun, 29 Sep 2024€84.9b€39.5b€9.1b10.1x9.3x2.2x
Tue, 27 Aug 2024€76.7b€38.5b€8.6b9.5x8.9x2x
Thu, 25 Jul 2024€78.5b€38.6b€8.8b9.7x8.9x2x
Sat, 22 Jun 2024€75.8b€38.6b€8.8b9.1x8.6x2x
Mon, 20 May 2024€77.6b€38.6b€8.8b9.3x8.9x2x
Wed, 17 Apr 2024€79.1b€39.0b€9.1b9.8x8.7x2x
Fri, 15 Mar 2024€78.7b€45.4b€8.4b8.4x9.4x1.7x
Sun, 11 Feb 2024€78.1b€45.4b€8.4b8.6x9.3x1.7x
Tue, 09 Jan 2024€76.6b€43.5b€8.4b8.6x9.2x1.8x
Thu, 07 Dec 2023€74.3b€43.5b€8.4b9.2x8.9x1.7x
Sat, 04 Nov 2023€69.5b€41.2b€7.7b9.4x9.1x1.7x
Mon, 02 Oct 2023€71.7b€41.2b€7.5b10x9.5x1.7x
Wed, 30 Aug 2023€70.1b€37.8b€8.0b7.6x8.8x1.9x
Fri, 28 Jul 2023€72.8b€36.8b€7.5b7.2x9.7x2x
Sun, 25 Jun 2023€68.8b€36.9b€7.5b7.7x9.2x1.9x
Tue, 23 May 2023€72.9b€36.9b€7.5b7.8x9.8x2x
Thu, 20 Apr 2023€77.6b€37.0b€7.3b7.9x10.6x2.1x
Sat, 18 Mar 2023€73.9b€37.2b€7.7b7.7x9.6x2x
Mon, 13 Feb 2023€78.4b€37.2b€7.8b8.2x10x2.1x
Wed, 11 Jan 2023€72.3b€37.0b€7.8b8.2x9.3x2x
Fri, 09 Dec 2022€67.5b€37.0b€7.8b8x8.6x1.8x
Sun, 06 Nov 2022€64.9b€37.1b€8.0b7.6x8.1x1.8x
Tue, 04 Oct 2022€62.7b€37.1b€8.0b7.3x7.8x1.7x
Thu, 01 Sep 2022€70.0b€40.5b€10.8b7.8x6.5x1.7x
Sat, 30 Jul 2022€74.7b€41.5b€10.9b8.1x6.9x1.8x
Mon, 27 Jun 2022€74.7b€41.5b€10.9b8.1x6.9x1.8x
Wed, 25 May 2022€83.8b€41.5b€10.9b8x7.7x2x
Fri, 22 Apr 2022€90.8b€42.7b€11.7b8.6x7.8x2.1x
Sun, 20 Mar 2022€90.2b€42.5b€11.8b7.9x7.7x2.1x
Price to Earnings Ratio

7.7x


Total Market Cap: €90.2bTotal Earnings: €11.8bTotal Revenue: €42.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Financials Sector Price to Earnings3Y Average 8.9x202320242025
Current Industry PE
  • Investors are relatively neutral on the Belgian Financials 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 8.8x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have declined 7.9% per year over the last three years,
  • Revenues have also declined 2.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Belgian Financials sector?

BE Market-1.44%
Financials-0.49%
Insurance1.31%
Banks-0.011%
Capital Markets-1.47%
Diversified Financial-2.85%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 35.8%, which is higher than its past year's earnings decline of 82.3% per year.
  • Investors are most pessimistic about the Banks industry, which is trading close to its 3-year average of 7.6x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 82% per year.
  • In contrast, the 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?

CompanyLast Price7D1YValuation
AGS ageas€53.951.3%
+€128.6m
36.4%PE9.3x
GIMB Gimv€37.754.1%
+€53.6m
-16.3%PE6.6x
KBC KBC Group€84.720.1%
+€47.6m
23.8%PB1.4x
BNB Banque nationale de Belgique€378.0012.5%
+€16.8m
-13.5%PB0.02x
TINC TINC€10.563.3%
+€12.4m
-8.6%PE10.4x
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Latest News

GIMB

€37.75

Gimv

7D

4.1%

1Y

-16.3%

KBC

€84.72

KBC Group

7D

0.1%

1Y

23.8%

BNB

€378.00

Banque nationale de Belgique

7D

12.5%

1Y

-13.5%

TINC

€10.56

TINC

7D

3.3%

1Y

-8.6%

AGS

€53.95

ageas

7D

1.3%

1Y

36.4%

KEYW

€0.82

Keyware Technologies

7D

5.1%

1Y

-9.9%

MCC

€448.00

Immo Mechelen City Center Naamloze vennootschap

7D

0.9%

1Y

-3.4%

KBCA

€56.40

KBC Ancora

7D

-1.2%

1Y

25.9%

BREB

€107.00

Brederode

7D

-4.1%

1Y

6.6%

ROCK

€11.70

Whitestone Group

7D

-6.4%

1Y

-4.9%

SOF

€228.80

Sofina Société Anonyme

7D

-3.3%

1Y

11.6%