Narrative Update • Jul 15
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Belgian (BEL20) Diversified Banks Industry Analysis
UpdatedJul 22, 2026
DataAggregated Company Financials
Companies4
- 7D0.4%
- 3M0.07%
- 1Y24.9%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has dropped 2.6%, driven by a pullback from BGL BNP Paribas of 9.0%. Over the past 12 months, the industry was up 27%. Looking forward, earnings are forecast to grow by 10% annually.
Industry Valuation and Performance
Has the Belgian Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jul 2026 | €78.1b | €23.8b | €6.9b | 11x | 11.4x | 3.3x |
| Fri, 19 Jun 2026 | €77.5b | €23.6b | €6.9b | 11x | 11.3x | 3.3x |
| Sun, 17 May 2026 | €74.0b | €23.6b | €6.9b | 10.6x | 10.8x | 3.1x |
| Tue, 14 Apr 2026 | €77.9b | €23.5b | €6.9b | 11.2x | 11.4x | 3.3x |
| Thu, 12 Mar 2026 | €75.9b | €23.3b | €6.9b | 10.9x | 11x | 3.3x |
| Sat, 07 Feb 2026 | €77.9b | €22.9b | €7.0b | 10.8x | 11.1x | 3.4x |
| Mon, 05 Jan 2026 | €76.9b | €22.9b | €7.0b | 10.8x | 11x | 3.4x |
| Wed, 03 Dec 2025 | €71.1b | €22.9b | €7.0b | 9.9x | 10.2x | 3.1x |
| Fri, 31 Oct 2025 | €68.2b | €22.7b | €6.9b | 9.7x | 9.9x | 3x |
| Sun, 28 Sep 2025 | €70.1b | €22.7b | €6.9b | 10.1x | 10.1x | 3.1x |
| Tue, 26 Aug 2025 | €67.6b | €22.8b | €7.2b | 9.1x | 9.4x | 3x |
| Thu, 24 Jul 2025 | €63.1b | €22.7b | €7.1b | 8.7x | 8.8x | 2.8x |
| Sat, 21 Jun 2025 | €64.3b | €22.7b | €7.1b | 9.1x | 9x | 2.8x |
| Mon, 19 May 2025 | €58.9b | €22.7b | €7.1b | 8.1x | 8.3x | 2.6x |
| Wed, 16 Apr 2025 | €58.3b | €22.4b | €7.1b | 8.1x | 8.2x | 2.6x |
| Fri, 14 Mar 2025 | €58.1b | €23.0b | €7.2b | 8.1x | 8.1x | 2.5x |
| Sun, 09 Feb 2025 | €55.4b | €22.9b | €6.8b | 8.4x | 8.2x | 2.4x |
| Tue, 07 Jan 2025 | €54.0b | €22.9b | €6.8b | 8.2x | 8x | 2.4x |
| Thu, 05 Dec 2024 | €50.2b | €22.9b | €6.8b | 7.6x | 7.4x | 2.2x |
| Sat, 02 Nov 2024 | €50.6b | €22.9b | €6.8b | 7.6x | 7.5x | 2.2x |
| Mon, 30 Sep 2024 | €52.6b | €22.9b | €6.8b | 8x | 7.8x | 2.3x |
| Wed, 28 Aug 2024 | €53.5b | €23.0b | €6.9b | 8x | 7.8x | 2.3x |
| Fri, 26 Jul 2024 | €55.9b | €23.1b | €6.9b | 8.3x | 8.1x | 2.4x |
| Sun, 23 Jun 2024 | €53.3b | €23.1b | €6.9b | 7.9x | 7.7x | 2.3x |
| Tue, 21 May 2024 | €54.2b | €23.1b | €6.9b | 8x | 7.8x | 2.3x |
| Thu, 18 Apr 2024 | €56.3b | €23.5b | €7.3b | 7.8x | 7.7x | 2.4x |
| Sat, 16 Mar 2024 | €57.3b | €22.8b | €7.1b | 8x | 8x | 2.5x |
| Mon, 12 Feb 2024 | €56.3b | €22.8b | €7.1b | 7.9x | 7.9x | 2.5x |
| Wed, 10 Jan 2024 | €54.5b | €20.9b | €7.1b | 7.6x | 7.7x | 2.6x |
| Fri, 08 Dec 2023 | €52.2b | €20.9b | €7.1b | 7.3x | 7.3x | 2.5x |
| Sun, 05 Nov 2023 | €49.0b | €18.9b | €6.6b | 7.7x | 7.4x | 2.6x |
| Tue, 03 Oct 2023 | €50.9b | €18.9b | €6.6b | 7.6x | 7.7x | 2.7x |
| Thu, 31 Aug 2023 | €51.3b | €18.5b | €7.0b | 7.2x | 7.3x | 2.8x |
| Sat, 29 Jul 2023 | €54.7b | €18.2b | €6.9b | 7.2x | 7.9x | 3x |
Price to Earnings Ratio
7.9x
Current Industry PE
- Investors are optimistic on the Belgian Diversified Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 11.2x which is higher than its 3-year average PE of 8.7x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 9.3% 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 Comparison
How does Belgian Diversified Banks compare with similar industries?
| BE Market | 1.02% | |
| Financials | 0.15% | |
| Banks | 0.42% | |
| Diversified Banks | 0.42% | |
| Regional Banks | 0% | 0 |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| KBC KBC Group | €122.65 | 1.6% +€753.7m | 37.0% | PB1.7x | |
| KBCA KBC Ancora | €87.10 | 1.9% +€123.2m | 40.7% | PB1.9x |