Narrative Update • May 21

In the last week, the Diversified Banks industry is up 2.8%, with all of the companies up. In the last 12 months, the industry was up 46%. As for the next few years, earnings are expected to grow by 11% per annum.
Has the Spanish Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 25 May 2026 | €374.4b | €104.4b | €31.4b | 11.8x | 11.9x | 3.6x |
| Wed, 22 Apr 2026 | €373.2b | €102.9b | €30.6b | 12.5x | 12.2x | 3.6x |
| Fri, 20 Mar 2026 | €340.6b | €102.9b | €30.6b | 11.1x | 11.1x | 3.3x |
| Sun, 15 Feb 2026 | €359.4b | €105.5b | €33.2b | 10.9x | 10.8x | 3.4x |
| Tue, 13 Jan 2026 | €380.6b | €107.9b | €32.0b | 11.8x | 11.9x | 3.5x |
| Thu, 11 Dec 2025 | €356.6b | €107.9b | €32.0b | 11x | 11.2x | 3.3x |
| Sat, 08 Nov 2025 | €329.1b | €108.0b | €32.1b | 10.1x | 10.3x | 3x |
| Mon, 06 Oct 2025 | €323.0b | €107.4b | €32.0b | 10x | 10.1x | 3x |
| Wed, 03 Sep 2025 | €302.3b | €107.4b | €32.0b | 9.7x | 9.4x | 2.8x |
| Fri, 01 Aug 2025 | €289.1b | €107.4b | €32.2b | 9.3x | 9x | 2.7x |
| Sun, 29 Jun 2025 | €261.4b | €108.3b | €32.2b | 8.3x | 8.1x | 2.4x |
| Tue, 27 May 2025 | €266.4b | €108.3b | €32.2b | 8.2x | 8.3x | 2.5x |
| Thu, 24 Apr 2025 | €241.3b | €107.4b | €30.4b | 8x | 7.9x | 2.2x |
| Sat, 22 Mar 2025 | €253.2b | €107.4b | €30.4b | 8.4x | 8.3x | 2.4x |
| Mon, 17 Feb 2025 | €227.1b | €107.0b | €31.0b | 7.4x | 7.3x | 2.1x |
| Wed, 15 Jan 2025 | €190.3b | €101.1b | €28.9b | 7.8x | 6.6x | 1.9x |
| Fri, 13 Dec 2024 | €184.2b | €101.1b | €29.0b | 7.1x | 6.4x | 1.8x |
| Sun, 10 Nov 2024 | €179.3b | €101.1b | €29.0b | 6.7x | 6.2x | 1.8x |
| Tue, 08 Oct 2024 | €184.6b | €100.1b | €27.9b | 7x | 6.6x | 1.8x |
| Thu, 05 Sep 2024 | €178.0b | €100.1b | €27.9b | 7.2x | 6.4x | 1.8x |
| Sat, 03 Aug 2024 | €168.4b | €100.7b | €27.9b | 6.8x | 6x | 1.7x |
| Mon, 01 Jul 2024 | €175.8b | €97.2b | €26.1b | 7.6x | 6.7x | 1.8x |
| Wed, 29 May 2024 | €190.5b | €97.2b | €26.1b | 8x | 7.3x | 2x |
| Fri, 26 Apr 2024 | €188.7b | €93.6b | €25.1b | 7.8x | 7.5x | 2x |
| Sun, 24 Mar 2024 | €181.5b | €93.5b | €25.1b | 7.5x | 7.2x | 1.9x |
| Tue, 20 Feb 2024 | €153.8b | €93.7b | €25.5b | 6.3x | 6x | 1.6x |
| Thu, 18 Jan 2024 | €147.7b | €90.9b | €23.7b | 6.4x | 6.2x | 1.6x |
| Sat, 16 Dec 2023 | €150.4b | €90.9b | €23.7b | 6.4x | 6.3x | 1.7x |
| Mon, 13 Nov 2023 | €147.8b | €90.9b | €23.7b | 6.5x | 6.2x | 1.6x |
| Wed, 11 Oct 2023 | €146.7b | €88.5b | €21.8b | 7.4x | 6.7x | 1.7x |
| Fri, 08 Sep 2023 | €135.8b | €88.5b | €21.8b | 6.9x | 6.2x | 1.5x |
| Sun, 06 Aug 2023 | €141.9b | €88.5b | €21.8b | 7.3x | 6.5x | 1.6x |
| Tue, 04 Jul 2023 | €140.4b | €85.3b | €20.4b | 8.1x | 6.9x | 1.6x |
| Thu, 01 Jun 2023 | €124.1b | €85.3b | €20.4b | 7.2x | 6.1x | 1.5x |
6.1x
How does Spanish Diversified Banks compare with similar industries?
| ES Market | 1.28% | |
| Financials | 2.46% | |
| Banks | 2.65% | |
| Diversified Banks | 2.65% | |
| Regional Banks | 0% | 0 |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SAN Banco Santander | €10.43 | 2.4% +€3.5b | 47.7% | PB1.4x | |
| CABK CaixaBank | €11.43 | 3.5% +€2.7b | 51.6% | PB2.2x | |
| BBVA Banco Bilbao Vizcaya Argentaria | €19.30 | 2.1% +€2.2b | 43.6% | PB1.9x | |
| SAB Banco de Sabadell | €3.40 | 4.8% +€784.7m | 21.5% | PB1.2x | |
| BKT Bankinter | €14.02 | 2.5% +€305.6m | 21.2% | PB1.9x |