Narrative Update • May 12
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German (DAX) Banks Industry Analysis
UpdatedMay 13, 2026
DataAggregated Company Financials
Companies4
- 7D0.6%
- 3M3.2%
- 1Y35.4%
- YTD-1.9%
Over the last 7 days, the Banks industry has risen 5.6%, driven by gains from Commerzbank of 5.7%. In the last 12 months, the industry was up 37%. Looking forward, earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the German Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 13 May 2026 | €39.3b | €12.2b | €2.5b | 9.2x | 15.7x | 3.2x |
| Fri, 10 Apr 2026 | €37.6b | €12.1b | €2.4b | 9.9x | 15.5x | 3.1x |
| Sun, 08 Mar 2026 | €34.0b | €12.1b | €2.7b | 11.8x | 12.5x | 2.8x |
| Tue, 03 Feb 2026 | €39.7b | €11.9b | €2.5b | 12.1x | 15.9x | 3.3x |
| Thu, 01 Jan 2026 | €40.4b | €11.9b | €2.5b | 13x | 16.1x | 3.4x |
| Sat, 29 Nov 2025 | €38.3b | €11.9b | €2.5b | 12.3x | 15.3x | 3.2x |
| Mon, 27 Oct 2025 | €34.8b | €11.7b | €2.5b | 12.5x | 13.9x | 3x |
| Wed, 24 Sep 2025 | €35.9b | €11.7b | €2.5b | 9.7x | 14.4x | 3.1x |
| Fri, 22 Aug 2025 | €43.6b | €11.7b | €2.5b | 9.8x | 17.5x | 3.7x |
| Sun, 20 Jul 2025 | €34.1b | €11.3b | €2.7b | 11.3x | 12.8x | 3x |
| Tue, 17 Jun 2025 | €34.7b | €11.3b | €2.7b | 10.9x | 13x | 3.1x |
| Thu, 15 May 2025 | €31.9b | €11.3b | €2.7b | 10.4x | 12x | 2.8x |
| Sat, 12 Apr 2025 | €26.5b | €11.1b | €2.6b | 9.5x | 10.3x | 2.4x |
| Mon, 10 Mar 2025 | €28.8b | €11.0b | €2.8b | 10.4x | 10.3x | 2.6x |
| Wed, 05 Feb 2025 | €22.7b | €10.5b | €2.2b | 10.5x | 10.1x | 2.2x |
| Fri, 03 Jan 2025 | €19.2b | €10.5b | €2.2b | 9.6x | 8.6x | 1.8x |
| Sun, 01 Dec 2024 | €18.0b | €10.5b | €2.2b | 9.2x | 8x | 1.7x |
| Tue, 29 Oct 2024 | €20.0b | €10.6b | €2.3b | 9.7x | 8.7x | 1.9x |
| Thu, 26 Sep 2024 | €18.9b | €10.6b | €2.3b | 8.4x | 8.3x | 1.8x |
| Sat, 24 Aug 2024 | €16.4b | €10.6b | €2.3b | 7.9x | 7.1x | 1.5x |
| Mon, 22 Jul 2024 | €18.9b | €10.6b | €2.3b | 8.5x | 8.1x | 1.8x |
| Wed, 19 Jun 2024 | €17.6b | €10.6b | €2.3b | 8.2x | 7.6x | 1.7x |
| Fri, 17 May 2024 | €18.9b | €10.6b | €2.3b | 8.7x | 8x | 1.8x |
| Sun, 14 Apr 2024 | €16.2b | €10.5b | €2.2b | 8.2x | 7.4x | 1.5x |
| Tue, 12 Mar 2024 | €14.1b | €10.4b | €2.3b | 8.3x | 6x | 1.4x |
| Thu, 08 Feb 2024 | €13.5b | €10.5b | €2.2b | 8.7x | 6x | 1.3x |
| Sat, 06 Jan 2024 | €15.4b | €10.5b | €2.2b | 9.2x | 6.9x | 1.5x |
| Mon, 04 Dec 2023 | €15.0b | €10.5b | €2.2b | 9.3x | 6.7x | 1.4x |
| Wed, 01 Nov 2023 | €13.4b | €9.5b | €1.7b | 9.8x | 7.8x | 1.4x |
| Fri, 29 Sep 2023 | €12.8b | €9.5b | €1.7b | 9.1x | 7.5x | 1.3x |
| Sun, 27 Aug 2023 | €13.2b | €9.5b | €1.7b | 9.3x | 7.7x | 1.4x |
| Tue, 25 Jul 2023 | €15.0b | €9.4b | €1.6b | 9.6x | 9.3x | 1.6x |
| Thu, 22 Jun 2023 | €14.0b | €9.4b | €1.6b | 9.8x | 8.7x | 1.5x |
| Sat, 20 May 2023 | €465.7m | €333.8m | €28.4m | 15.5x | 16.4x | 1.4x |
Price to Earnings Ratio
16.4x
Current Industry PE
- Investors are optimistic on the German Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 15.8x which is higher than its 3-year average PE of 10.3x.
- The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 345% per year over the last three years.
- Revenues for these companies have grown 232% 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 German Financials industry?
| DE Market | -1.64% | |
| Financials | -3.20% | |
| Banks | 0.59% | |
| Diversified Banks | 0.59% | |
| Regional Banks | 0% | 0 |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 10.3x.
- Analysts are expecting annual earnings growth of 15.6%, which is higher than its past year's earnings decline of 5.4% per year.
- 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 10.3x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings decline of 5.4% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| CBK Commerzbank | €35.77 | 0.6% +€237.8m | 37.5% | PB1.1x | |
| PCZ ProCredit Holding | €7.92 | 0.3% +€1.2m | -27.3% | PB0.4x |