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Chinese (SSE) Banks Industry Analysis

UpdatedDec 25, 2024
DataAggregated Company Financials
Companies31
  • 7D3.0%
  • 3M12.9%
  • 1Y37.0%
  • YTD35.2%

In the last week, the Banks industry is up 1.3%, with China Merchants Bank up 3.6%. This means that the industry has gained 34% over the past year. Earnings are forecast to grow by 8.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Dec 2024CN¥3.7tCN¥1.3tCN¥589.3b6x6.3x2.8x
Fri, 22 Nov 2024CN¥3.6tCN¥1.3tCN¥589.3b5.9x6x2.6x
Sun, 20 Oct 2024CN¥3.7tCN¥1.3tCN¥595.9b5.7x6.1x2.7x
Tue, 17 Sep 2024CN¥2.9tCN¥1.3tCN¥594.3b4.8x4.9x2.2x
Thu, 15 Aug 2024CN¥3.1tCN¥1.3tCN¥585.5b5.1x5.2x2.3x
Sat, 13 Jul 2024CN¥3.2tCN¥1.3tCN¥581.9b5.3x5.5x2.4x
Mon, 10 Jun 2024CN¥3.3tCN¥1.3tCN¥581.9b5.5x5.6x2.5x
Wed, 08 May 2024CN¥3.2tCN¥1.3tCN¥582.1b5.5x5.6x2.4x
Fri, 05 Apr 2024CN¥3.0tCN¥1.5tCN¥595.9b5.2x5.1x2.1x
Sun, 03 Mar 2024CN¥3.1tCN¥1.4tCN¥608.0b5.2x5x2.1x
Tue, 30 Jan 2024CN¥3.0tCN¥1.4tCN¥602.6b5.1x4.9x2.1x
Thu, 28 Dec 2023CN¥2.7tCN¥1.4tCN¥595.1b4.8x4.5x2x
Sat, 25 Nov 2023CN¥2.9tCN¥1.4tCN¥595.1b4.8x4.8x2.1x
Mon, 23 Oct 2023CN¥3.0tCN¥1.4tCN¥599.9b5.2x4.9x2.2x
Wed, 20 Sep 2023CN¥3.1tCN¥1.4tCN¥599.9b5.3x5.1x2.2x
Fri, 18 Aug 2023CN¥2.9tCN¥1.3tCN¥586.0b5.4x5x2.2x
Sun, 16 Jul 2023CN¥2.9tCN¥1.3tCN¥585.4b5.2x5x2.2x
Tue, 13 Jun 2023CN¥3.1tCN¥1.3tCN¥585.5b5.3x5.2x2.3x
Thu, 11 May 2023CN¥3.2tCN¥1.4tCN¥590.4b5.6x5.4x2.3x
Sat, 08 Apr 2023CN¥3.0tCN¥1.5tCN¥589.3b5.6x5.1x2.1x
Mon, 06 Mar 2023CN¥3.2tCN¥1.4tCN¥611.0b5.9x5.3x2.2x
Wed, 01 Feb 2023CN¥3.3tCN¥1.1tCN¥601.7b5.8x5.5x2.9x
Fri, 30 Dec 2022CN¥3.2tCN¥1.3tCN¥567.9b5.9x5.6x2.5x
Sun, 27 Nov 2022CN¥3.0tCN¥1.3tCN¥567.9b6x5.3x2.3x
Tue, 25 Oct 2022CN¥2.8tCN¥1.3tCN¥553.2b6x5.1x2.3x
Thu, 22 Sep 2022CN¥3.1tCN¥1.3tCN¥553.2b6.4x5.6x2.5x
Sat, 20 Aug 2022CN¥3.1tCN¥1.2tCN¥544.7b6.3x5.6x2.5x
Mon, 18 Jul 2022CN¥3.1tCN¥1.2tCN¥543.6b6.4x5.8x2.5x
Wed, 15 Jun 2022CN¥3.4tCN¥1.2tCN¥541.5b6.9x6.3x2.8x
Fri, 13 May 2022CN¥3.3tCN¥1.2tCN¥540.9b6.8x6.2x2.7x
Sun, 10 Apr 2022CN¥3.8tCN¥1.3tCN¥531.7b7.6x7.2x2.8x
Tue, 08 Mar 2022CN¥3.7tCN¥1.4tCN¥541.3b7.2x6.8x2.6x
Thu, 03 Feb 2022CN¥3.8tCN¥1.4tCN¥540.6b7x7x2.8x
Sat, 01 Jan 2022CN¥3.7tCN¥1.2tCN¥518.9b6.8x7.1x3.2x
Price to Earnings Ratio

7.1x


Total Market Cap: CN¥3.7tTotal Earnings: CN¥518.9bTotal Revenue: CN¥1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Chinese Banks Industry Price to Earnings3Y Average 5.6x202220232024
Current Industry PE
  • Investors are optimistic on the Chinese Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 6.2x which is higher than its 3-year average PE of 5.6x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 4.3% 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 Chinese Financials industry?

CN Market0.39%
Financials1.77%
Banks3.04%
Diversified Banks3.43%
Regional Banks1.76%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 5.4x.
    • Analysts are expecting annual earnings growth of 7.2%, which is higher than its past year's earnings growth of 0.2% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 6.0x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings growth rate of 6.8% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.2% 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
600036 China Merchants BankCN¥39.223.6%
+CN¥34.6b
43.8%PB0.9x
600000 Shanghai Pudong Development BankCN¥10.136.3%
+CN¥17.6b
54.4%PB0.4x
601166 Industrial BankCN¥18.983.4%
+CN¥12.9b
30.4%PB0.5x
601818 China Everbright BankCN¥3.803.3%
+CN¥7.1b
32.9%PB0.4x
000001 Ping An BankCN¥11.862.9%
+CN¥6.4b
30.3%PB0.5x
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Latest News

600919

CN¥9.57

Bank of Jiangsu

7D

3.2%

1Y

46.1%

600036

CN¥39.22

China Merchants Bank

7D

3.6%

1Y

43.8%

601229

CN¥8.91

Bank of Shanghai

7D

3.6%

1Y

48.7%

601187

CN¥5.66

Xiamen Bank

7D

-0.4%

1Y

13.7%

600928

CN¥3.67

Bank of Xi'anLtd

7D

-0.3%

1Y

11.9%

601166

CN¥18.98

Industrial Bank

7D

3.4%

1Y

30.4%

601818

CN¥3.80

China Everbright Bank

7D

3.3%

1Y

32.9%

601169

CN¥6.05

Bank of Beijing

7D

3.2%

1Y

36.6%

600000

CN¥10.13

Shanghai Pudong Development Bank

7D

6.3%

1Y

54.4%

601838

CN¥16.46

Bank of Chengdu

7D

-0.06%

1Y

49.5%

001227

CN¥2.52

Bank of Lanzhou

7D

-1.6%

1Y

-0.8%

000001

CN¥11.86

Ping An Bank

7D

2.9%

1Y

30.3%