Narrative Update • Apr 30
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Egyptian (CASE/EGX) Banks Industry Analysis
UpdatedMay 11, 2026
DataAggregated Company Financials
Companies11
- 7D3.9%
- 3M13.8%
- 1Y94.4%
- YTD39.0%
In the last week, the Banks industry is up 5.5%, with Qatar National Bank leading the way, up 20%. During this same period, the Abu Dhabi Islamic Bank - Egypt -E underperformed, falling 5.6%. This takes the industry's 12 month performance to a gain of 91%. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Egyptian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 11 May 2026 | ج.م871.1b | ج.م291.2b | ج.م143.0b | 4.9x | 6.1x | 3x |
| Wed, 08 Apr 2026 | ج.م748.8b | ج.م286.8b | ج.م140.7b | 4.3x | 5.3x | 2.6x |
| Fri, 06 Mar 2026 | ج.م731.1b | ج.م287.9b | ج.م143.5b | 3.8x | 5.1x | 2.5x |
| Sun, 01 Feb 2026 | ج.م758.2b | ج.م278.7b | ج.م148.8b | 3.9x | 5.1x | 2.7x |
| Tue, 30 Dec 2025 | ج.م631.3b | ج.م276.1b | ج.م147.7b | 3.5x | 4.3x | 2.3x |
| Thu, 27 Nov 2025 | ج.م592.5b | ج.م276.1b | ج.م148.5b | 3.4x | 4x | 2.1x |
| Sat, 25 Oct 2025 | ج.م530.1b | ج.م246.0b | ج.م126.1b | 3.2x | 4.2x | 2.2x |
| Mon, 22 Sep 2025 | ج.م479.1b | ج.م244.3b | ج.م125.4b | 2.9x | 3.8x | 2x |
| Wed, 20 Aug 2025 | ج.م498.3b | ج.م244.3b | ج.م125.6b | 3.1x | 4x | 2x |
| Fri, 18 Jul 2025 | ج.م461.7b | ج.م234.2b | ج.م122.0b | 3x | 3.8x | 2x |
| Sun, 15 Jun 2025 | ج.م435.8b | ج.م231.3b | ج.م120.8b | 2.9x | 3.6x | 1.9x |
| Tue, 13 May 2025 | ج.م420.1b | ج.م231.6b | ج.م112.4b | 2.9x | 3.7x | 1.8x |
| Thu, 10 Apr 2025 | ج.م415.3b | ج.م228.5b | ج.م112.8b | 2.7x | 3.7x | 1.8x |
| Sat, 08 Mar 2025 | ج.م420.6b | ج.م228.1b | ج.م112.6b | 2.9x | 3.7x | 1.8x |
| Mon, 03 Feb 2025 | ج.م406.8b | ج.م206.6b | ج.م102.3b | 3.2x | 4x | 2x |
| Wed, 01 Jan 2025 | ج.م420.2b | ج.م203.3b | ج.م100.0b | 3.3x | 4.2x | 2.1x |
| Fri, 29 Nov 2024 | ج.م429.3b | ج.م199.0b | ج.م97.5b | 3.6x | 4.4x | 2.2x |
| Sun, 27 Oct 2024 | ج.م397.6b | ج.م179.0b | ج.م85.0b | 3.5x | 4.7x | 2.2x |
| Tue, 24 Sep 2024 | ج.م407.3b | ج.م179.0b | ج.م85.0b | 3.5x | 4.8x | 2.3x |
| Thu, 22 Aug 2024 | ج.م419.2b | ج.م179.5b | ج.م85.0b | 3.5x | 4.9x | 2.3x |
| Sat, 20 Jul 2024 | ج.م384.7b | ج.م162.5b | ج.م74.3b | 3.6x | 5.2x | 2.4x |
| Mon, 17 Jun 2024 | ج.م366.4b | ج.م158.9b | ج.م71.9b | 3.6x | 5.1x | 2.3x |
| Wed, 15 May 2024 | ج.م367.3b | ج.م156.6b | ج.م70.3b | 3.9x | 5.2x | 2.3x |
| Fri, 12 Apr 2024 | ج.م400.1b | ج.م128.7b | ج.م61.2b | 4.7x | 6.5x | 3.1x |
| Sun, 10 Mar 2024 | ج.م444.6b | ج.م128.7b | ج.م61.4b | 5.9x | 7.2x | 3.5x |
| Tue, 06 Feb 2024 | ج.م421.3b | ج.م119.7b | ج.م54.7b | 5.3x | 7.7x | 3.5x |
| Thu, 04 Jan 2024 | ج.م370.8b | ج.م117.3b | ج.م54.1b | 4.5x | 6.9x | 3.2x |
| Sat, 02 Dec 2023 | ج.م374.6b | ج.م117.3b | ج.م54.1b | 4.5x | 6.9x | 3.2x |
| Mon, 30 Oct 2023 | ج.م306.6b | ج.م104.0b | ج.م47.2b | 4.2x | 6.5x | 2.9x |
| Wed, 27 Sep 2023 | ج.م288.9b | ج.م101.3b | ج.م46.1b | 3.9x | 6.3x | 2.9x |
| Fri, 25 Aug 2023 | ج.م259.6b | ج.م101.3b | ج.م46.1b | 3.7x | 5.6x | 2.6x |
| Sun, 23 Jul 2023 | ج.م249.1b | ج.م90.7b | ج.م39.9b | 4x | 6.2x | 2.7x |
| Tue, 20 Jun 2023 | ج.م248.1b | ج.م87.1b | ج.م38.0b | 4.2x | 6.5x | 2.8x |
| Thu, 18 May 2023 | ج.م239.0b | ج.م85.6b | ج.م37.2b | 4.2x | 6.4x | 2.8x |
Price to Earnings Ratio
6.4x
Current Industry PE
- Investors are optimistic on the Egyptian Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 6.1x which is higher than its 3-year average PE of 5.1x.
- The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 56% per year over the last three years.
- Revenues for these companies have grown 50% 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 Egyptian Financials industry?
| EG Market | 2.35% | |
| Financials | 4.27% | |
| Banks | 3.93% | |
| Regional Banks | 6.61% | |
| Diversified Banks | 3.84% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 5.2x.
- Analysts are expecting annual earnings growth of 10.8%, which is lower than the prior year's growth of 13.0% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 3.9x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 11% 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 11% 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 | |
|---|---|---|---|---|---|
| QNBE Qatar National Bank | ج.م59.70 | 19.6% +ج.م21.1b | 101.3% | PB1.1x | |
| COMI Commercial International Bank Egypt (CIB)E | ج.م141.60 | 4.1% +ج.م18.9b | 98.2% | PB2.1x | |
| EGBE Egyptian Gulf Bank (S.A.E) | US$0.41 | 7.8% +US$15.3m | 37.4% | PB0.8x | |
| SAUD alBaraka Bank EgyptE | ج.م24.37 | 4.1% +ج.م698.1m | 108.3% | PB1.1x | |
| FAIT Faisal Islamic Bank of Egypt | ج.م33.55 | 1.4% +ج.م298.8m | 5.2% | PB0.5x |