Narrative Update • Aug 12
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Belgian (BEL20) Banks Industry Analysis
UpdatedAug 23, 2026
DataAggregated Company Financials
Companies7
- 7D-2.9%
- 3M6.3%
- 1Y17.6%
- YTD3.6%
Over the last 7 days, the Banks industry has dropped 3.0%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 18%. As for the next few years, earnings are expected to grow by 9.9% per annum.
Industry Valuation and Performance
Has the Belgian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 23 Aug 2026 | €79.9b | €24.3b | €7.0b | 7.4x | 11.4x | 3.3x |
| Tue, 21 Jul 2026 | €77.0b | €23.8b | €6.9b | 8x | 11.2x | 3.2x |
| Thu, 18 Jun 2026 | €78.0b | €23.7b | €6.9b | 8.3x | 11.3x | 3.3x |
| Sat, 16 May 2026 | €74.2b | €23.7b | €6.9b | 8.3x | 10.8x | 3.1x |
| Mon, 13 Apr 2026 | €77.7b | €23.5b | €6.9b | 10.4x | 11.3x | 3.3x |
| Wed, 11 Mar 2026 | €76.1b | €23.4b | €6.9b | 10.4x | 11.1x | 3.3x |
| Fri, 06 Feb 2026 | €77.4b | €23.0b | €7.0b | 10.2x | 11x | 3.4x |
| Sun, 04 Jan 2026 | €77.1b | €23.0b | €7.0b | 10.8x | 11x | 3.3x |
| Tue, 02 Dec 2025 | €70.5b | €23.0b | €7.0b | 10.8x | 10.1x | 3.1x |
| Thu, 30 Oct 2025 | €68.6b | €22.8b | €6.9b | 10.8x | 10x | 3x |
| Sat, 27 Sep 2025 | €70.2b | €22.8b | €6.9b | 10.6x | 10.1x | 3.1x |
| Mon, 25 Aug 2025 | €67.9b | €22.9b | €7.2b | 10.6x | 9.4x | 3x |
| Wed, 23 Jul 2025 | €62.7b | €22.8b | €7.2b | 10.4x | 8.8x | 2.7x |
| Fri, 20 Jun 2025 | €64.0b | €22.8b | €7.2b | 9.9x | 8.9x | 2.8x |
| Sun, 18 May 2025 | €59.1b | €22.8b | €7.2b | 10x | 8.3x | 2.6x |
| Tue, 15 Apr 2025 | €56.7b | €22.5b | €7.1b | 8.3x | 8x | 2.5x |
| Thu, 13 Mar 2025 | €58.7b | €23.1b | €7.2b | 8.3x | 8.1x | 2.5x |
| Sat, 08 Feb 2025 | €55.5b | €23.0b | €6.8b | 8.3x | 8.2x | 2.4x |
| Mon, 06 Jan 2025 | €53.6b | €23.0b | €6.8b | 8.3x | 7.9x | 2.3x |
| Wed, 04 Dec 2024 | €50.4b | €23.0b | €6.8b | 8.3x | 7.4x | 2.2x |
| Fri, 01 Nov 2024 | €50.0b | €22.9b | €6.8b | 8.1x | 7.4x | 2.2x |
| Sun, 29 Sep 2024 | €52.8b | €22.9b | €6.8b | 8.3x | 7.8x | 2.3x |
| Tue, 27 Aug 2024 | €54.2b | €23.1b | €6.9b | 7.6x | 7.9x | 2.4x |
| Thu, 25 Jul 2024 | €56.1b | €23.1b | €6.9b | 8.5x | 8.1x | 2.4x |
| Sat, 22 Jun 2024 | €53.4b | €23.1b | €6.9b | 8.5x | 7.7x | 2.3x |
| Mon, 20 May 2024 | €54.1b | €23.1b | €6.9b | 8.7x | 7.8x | 2.3x |
| Wed, 17 Apr 2024 | €56.5b | €23.6b | €7.3b | 8.3x | 7.7x | 2.4x |
| Fri, 15 Mar 2024 | €57.2b | €22.8b | €7.1b | 8.3x | 8x | 2.5x |
| Sun, 11 Feb 2024 | €56.5b | €22.8b | €7.1b | 8.4x | 7.9x | 2.5x |
| Tue, 09 Jan 2024 | €54.7b | €21.0b | €7.1b | 7.7x | 7.7x | 2.6x |
| Thu, 07 Dec 2023 | €52.1b | €21.0b | €7.1b | 7.6x | 7.3x | 2.5x |
| Sat, 04 Nov 2023 | €49.2b | €19.0b | €6.6b | 8.4x | 7.5x | 2.6x |
| Mon, 02 Oct 2023 | €51.1b | €19.0b | €6.6b | 8.3x | 7.7x | 2.7x |
| Wed, 30 Aug 2023 | €51.9b | €18.5b | €7.0b | 7.6x | 7.4x | 2.8x |
Price to Earnings Ratio
7.4x
Current Industry PE
- Investors are optimistic on the Belgian Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.3x which is higher than its 3-year average PE of 8.8x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.3x.
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 9.4% 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 Belgian Financials industry?
| BE Market | 1.24% | |
| Financials | -2.49% | |
| Banks | -2.94% | |
| Regional Banks | 0% | 0 |
| Diversified Banks | -2.95% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 8.8x.
- Analysts are expecting annual earnings growth of 9.9%, which is higher than its past year's earnings decline of 4.3% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 9.1x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 9.9% over the next 5 years.
- This is better than its past earnings decline of 4.3% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.9% 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 | |
|---|---|---|---|---|---|
| No data available | |||||