Has the French Banks Industry valuation changed over the past few years?
|Sun, 05 Dec 2021||€139.0b||€93.6b||€18.0b||6.9x|
|Tue, 02 Nov 2021||€150.8b||€91.5b||€17.0b||7.2x|
|Thu, 30 Sep 2021||€138.1b||€90.3b||€16.3b||6.8x|
|Sat, 28 Aug 2021||€137.7b||€89.9b||€16.1b||8.1x|
|Sun, 04 Jul 2021||€135.4b||€89.9b||€16.1b||8.6x|
|Wed, 07 Apr 2021||€131.9b||€85.3b||€11.4b||10.3x|
|Sat, 09 Jan 2021||€110.1b||€81.6b||€9.3b||12x|
|Fri, 02 Oct 2020||€80.5b||€83.0b||€11.2b||10.7x|
|Mon, 06 Jul 2020||€93.4b||€84.0b||€11.1b||12.2x|
|Thu, 09 Apr 2020||€80.5b||€87.9b||€14.1b||9.9x|
|Wed, 01 Jan 2020||€145.4b||€91.1b||€16.1b||9.7x|
|Sat, 05 Oct 2019||€125.0b||€89.4b||€15.1b||9.9x|
|Tue, 09 Jul 2019||€115.4b||€89.7b||€15.8b||9.1x|
|Mon, 01 Apr 2019||€119.4b||€89.6b||€16.2b||8.8x|
|Thu, 03 Jan 2019||€112.4b||€88.7b||€16.1b||8.5x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 9.8x. However, future earnings are expected to decline by 1.6% which could potentially cause the PE ratio to fall below its historical average.
Past Earnings Growth: The earnings for companies in the Banks industry have grown 6.1% per year over the last three years, while revenues have remained mostly flat. This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Which industries have driven the changes within the French Banks industry?
Industry PE: Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 9.1x. However analysts are expecting annual earnings decline of 1.6%, which is lower than the prior year's growth of 6.6% per year. So the market might believe that analysts are underestimating future growth or they expect the Diversified Banks industry's earnings to deteriorate the least compared to other industries. Meanwhile, investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 10.0x.
Forecasted Growth: Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 1.6% per year over the next 5 years, which isn't as bad as the other industries. However, this is a reversal from its past annual earnings growth rate of 6.6% per year.
Which companies have driven the market over the last 7 days?
|GLE Société Générale Société anonyme||4.0%+€935.2m||55.1%||PB0.4x|
|BNP BNP Paribas||1.6%+€904.0m||22.8%||PB0.6x|
|ACA Crédit Agricole||1.4%+€529.6m||10.8%||PB0.6x|
|CRLA Caisse Régionale de Crédit Agricole Mutuel du Languedoc Société coopérative||3.4%+€36.2m||-11.8%||PB0.3x|
|CAF Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France||1.4%+€30.8m||9.2%||PB0.3x|
CFM Indosuez Wealth Management
Société Générale Société anonyme