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Chilean (IPSA) Banks Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.3%
  • 3M4.0%
  • 1Y41.9%
  • YTD0.7%

Over the last 7 days, the Banks industry has dropped 1.3%, driven by declines in Banco de Chile and Banco Santander-Chile of 2.3% and 3.0%, respectively. Over the past 12 months, the industry was up 42%. Earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

Has the Chilean Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Mar 2026CL$52.0tCL$10.2tCL$4.1t12.6x12.6x5.1x
Wed, 11 Feb 2026CL$56.8tCL$10.4tCL$4.1t13.1x13.7x5.5x
Fri, 09 Jan 2026CL$53.6tCL$10.4tCL$4.1t12.4x13x5.1x
Sun, 07 Dec 2025CL$50.3tCL$10.4tCL$4.1t12.3x12.2x4.8x
Tue, 04 Nov 2025CL$47.4tCL$10.4tCL$4.1t11.8x11.5x4.5x
Thu, 02 Oct 2025CL$44.0tCL$10.7tCL$4.2t11.3x10.6x4.1x
Sat, 30 Aug 2025CL$41.1tCL$10.7tCL$4.2t9.4x9.8x3.8x
Mon, 28 Jul 2025CL$39.9tCL$10.7tCL$4.2t9.1x9.6x3.7x
Wed, 25 Jun 2025CL$40.5tCL$10.5tCL$4.1t9.7x9.9x3.8x
Fri, 23 May 2025CL$42.0tCL$10.6tCL$4.1t10x10.2x4x
Sun, 20 Apr 2025CL$39.6tCL$10.8tCL$4.1t9x9.6x3.7x
Tue, 18 Mar 2025CL$36.2tCL$9.9tCL$3.7t9.8x9.7x3.7x
Thu, 13 Feb 2025CL$36.6tCL$10.5tCL$3.9t8.7x9.3x3.5x
Sat, 11 Jan 2025CL$32.9tCL$10.4tCL$4.0t7.5x8.2x3.2x
Mon, 09 Dec 2024CL$32.7tCL$10.4tCL$4.0t6.6x8.2x3.2x
Wed, 06 Nov 2024CL$32.6tCL$10.4tCL$4.0t6.3x8.1x3.1x
Fri, 04 Oct 2024CL$32.2tCL$10.2tCL$3.7t6.6x8.6x3.2x
Sun, 01 Sep 2024CL$33.1tCL$10.3tCL$3.7t6.9x8.9x3.2x
Tue, 30 Jul 2024CL$32.5tCL$10.3tCL$3.8t6.3x8.6x3.2x
Thu, 27 Jun 2024CL$32.0tCL$10.1tCL$3.8t7.8x8.5x3.2x
Sat, 25 May 2024CL$32.8tCL$10.1tCL$3.8t7.8x8.7x3.2x
Mon, 22 Apr 2024CL$31.8tCL$9.7tCL$3.6t8x8.8x3.3x
Wed, 20 Mar 2024CL$33.2tCL$9.4tCL$3.5t8.6x9.4x3.5x
Fri, 16 Feb 2024CL$32.4tCL$9.2tCL$3.4t7.5x9.4x3.5x
Sun, 14 Jan 2024CL$29.5tCL$8.7tCL$3.3t6.7x8.9x3.4x
Tue, 12 Dec 2023CL$29.0tCL$8.6tCL$3.3t6.4x8.7x3.4x
Thu, 09 Nov 2023CL$28.1tCL$8.8tCL$3.3t6.3x8.5x3.2x
Sat, 07 Oct 2023CL$27.5tCL$9.1tCL$3.6t5.7x7.6x3x
Mon, 04 Sep 2023CL$28.3tCL$9.2tCL$3.6t6.2x7.8x3.1x
Wed, 02 Aug 2023CL$29.5tCL$9.3tCL$3.8t6.8x7.8x3.2x
Fri, 30 Jun 2023CL$26.0tCL$9.5tCL$3.9t5.6x6.6x2.7x
Sun, 28 May 2023CL$26.0tCL$9.5tCL$3.9t5.4x6.6x2.7x
Tue, 25 Apr 2023CL$25.1tCL$9.6tCL$4.0t5.2x6.2x2.6x
Thu, 23 Mar 2023CL$24.6tCL$9.6tCL$4.1t5.1x6x2.6x
Price to Earnings Ratio

6x


Total Market Cap: CL$24.6tTotal Earnings: CL$4.1tTotal Revenue: CL$9.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Banks Industry Price to Earnings3Y Average 9.2x202420252026
Current Industry PE
  • Investors are optimistic on the Chilean Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.6x which is higher than its 3-year average PE of 9.2x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Banks industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

Which industries have driven the changes within the Chilean Financials industry?

CL Market0.14%
Financials-0.52%
Banks-1.32%
Diversified Banks-1.32%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 9.2x.
    • Analysts expect its future annual earnings growth (7.4%) to be largely in line with prior year's earnings growth.
  • 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 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 7.4% 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 7.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
No data available

Latest News

BCI
CL$58,855.00
Banco de Crédito e Inversiones
7D
-0.2%
1Y
75.9%

BCI: Higher Pricing Assumptions Will Likely Leave Shares Looking Overvalued

Analysts have lifted their CLP price target for Banco de Crédito e Inversiones from CLP31,046.01 to CLP43,040.00, citing updated assumptions that include a lower discount rate, slightly softer revenue growth, higher profit margin expectations, and a higher future P/E multiple. Valuation Changes Fair Value: CLP31,046.01 to CLP43,040.00, indicating a higher assessed valuation level.
CHILE
CL$177.30
Banco de Chile
7D
-0.9%
1Y
35.6%

CHILE: Higher Payout Plans And Stable Margins Will Shape Future Upside Potential

The analyst price target for Banco de Chile has been raised from CLP 157.31 to CLP 176.60. Analysts point to updated assumptions around slightly lower discount rates, a higher revenue growth outlook of 11.63% and a future P/E of 16.57x, alongside broadly stable profit margin expectations at around 39.45%.
BSANTANDER
CL$71.99
Banco Santander-Chile
7D
-1.6%
1Y
33.3%

BSANTANDER: Future Returns Will Balance Higher Price Views And Inflation Risks

Analysts have nudged their price target on Banco Santander Chile higher, with one recent CLP price objective lifted by CLP8. This reflects updated views on modestly stronger revenue and margin assumptions, even as some still flag valuation concerns and potential pressure on net interest income from inflation.
ITAUCL
CL$19,750.00
Banco Itaú Chile
7D
-2.0%
1Y
66.0%

ITAUCL: Dividend Proposal And Profit Retention Will Support Stronger Long Term Outlook

Analysts have lifted their fair value estimate for Banco Itaú Chile from CLP 22,580 to CLP 23,580, reflecting updated assumptions around revenue growth, profit margins, and a slightly adjusted discount rate and future P/E outlook. What's in the News The board plans to propose distributing 60% of 2025 profits as dividends, equal to CLP 256,855,029,388 across 216,340,749 shares, implying a CLP 1.18727068559793 dividend per share if approved.