Narrative Update • May 27

All of the companies in the Diversified Banks industry have been up over the last week, with the industry up 3.0%. In the last 12 months, the industry was up 49%. As for the next few years, earnings are expected to grow by 10.0% per annum.
Has the U.K. Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 29 May 2026 | UK£463.6b | UK£132.1b | UK£38.9b | 7.9x | 11.9x | 3.5x |
| Sun, 26 Apr 2026 | UK£444.1b | UK£130.0b | UK£38.0b | 8.2x | 11.7x | 3.4x |
| Tue, 24 Mar 2026 | UK£402.2b | UK£130.4b | UK£38.2b | 8.1x | 10.5x | 3.1x |
| Thu, 19 Feb 2026 | UK£458.5b | UK£125.9b | UK£34.6b | 10x | 13.3x | 3.6x |
| Sat, 17 Jan 2026 | UK£448.2b | UK£124.5b | UK£33.5b | 10.4x | 13.4x | 3.6x |
| Mon, 15 Dec 2025 | UK£409.8b | UK£124.5b | UK£33.4b | 9.1x | 12.3x | 3.3x |
| Wed, 12 Nov 2025 | UK£403.3b | UK£125.2b | UK£33.6b | 9.2x | 12x | 3.2x |
| Fri, 10 Oct 2025 | UK£365.9b | UK£121.9b | UK£34.5b | 8.8x | 10.6x | 3x |
| Sun, 07 Sep 2025 | UK£349.3b | UK£121.2b | UK£34.3b | 8.5x | 10.2x | 2.9x |
| Tue, 05 Aug 2025 | UK£348.1b | UK£122.0b | UK£34.5b | 9.1x | 10.1x | 2.9x |
| Thu, 03 Jul 2025 | UK£322.4b | UK£120.2b | UK£34.2b | 8.1x | 9.4x | 2.7x |
| Sat, 31 May 2025 | UK£326.3b | UK£120.9b | UK£34.4b | 7.6x | 9.5x | 2.7x |
| Mon, 28 Apr 2025 | UK£308.0b | UK£122.4b | UK£36.3b | 7.5x | 8.5x | 2.5x |
| Wed, 26 Mar 2025 | UK£324.5b | UK£123.8b | UK£36.7b | 7.6x | 8.8x | 2.6x |
| Fri, 21 Feb 2025 | UK£312.2b | UK£125.8b | UK£38.2b | 6.2x | 8.2x | 2.5x |
| Sun, 19 Jan 2025 | UK£290.6b | UK£124.4b | UK£37.6b | 4.7x | 7.7x | 2.3x |
| Tue, 17 Dec 2024 | UK£272.5b | UK£121.8b | UK£36.7b | 5x | 7.4x | 2.2x |
| Thu, 14 Nov 2024 | UK£258.9b | UK£121.7b | UK£36.7b | 4.8x | 7.1x | 2.1x |
| Sat, 12 Oct 2024 | UK£215.9b | UK£95.6b | UK£30.4b | 6x | 7.1x | 2.3x |
| Mon, 09 Sep 2024 | UK£209.6b | UK£96.9b | UK£30.7b | 6x | 6.8x | 2.2x |
| Wed, 07 Aug 2024 | UK£204.3b | UK£98.8b | UK£31.3b | 6.2x | 6.5x | 2.1x |
| Fri, 05 Jul 2024 | UK£219.7b | UK£96.4b | UK£31.4b | 5.7x | 7x | 2.3x |
| Sun, 02 Jun 2024 | UK£222.3b | UK£96.6b | UK£31.4b | 6.1x | 7.1x | 2.3x |
| Tue, 30 Apr 2024 | UK£213.8b | UK£96.9b | UK£31.7b | 5.7x | 6.8x | 2.2x |
| Thu, 28 Mar 2024 | UK£228.2b | UK£120.6b | UK£36.5b | 5.4x | 6.2x | 1.9x |
| Sat, 24 Feb 2024 | UK£214.7b | UK£119.4b | UK£35.5b | 5.8x | 6x | 1.8x |
| Mon, 22 Jan 2024 | UK£186.4b | UK£108.9b | UK£37.5b | 5.1x | 5x | 1.7x |
| Wed, 20 Dec 2023 | UK£198.7b | UK£108.6b | UK£37.3b | 5.2x | 5.3x | 1.8x |
| Fri, 17 Nov 2023 | UK£194.3b | UK£110.1b | UK£38.0b | 4.9x | 5.1x | 1.8x |
| Sun, 15 Oct 2023 | UK£209.5b | UK£104.6b | UK£34.9b | 4.9x | 6x | 2x |
| Tue, 12 Sep 2023 | UK£193.4b | UK£102.7b | UK£34.3b | 5x | 5.6x | 1.9x |
| Thu, 10 Aug 2023 | UK£204.1b | UK£101.4b | UK£33.7b | 5.3x | 6.1x | 2x |
| Sat, 08 Jul 2023 | UK£221.8b | UK£119.1b | UK£37.6b | 5.1x | 5.9x | 1.9x |
| Mon, 05 Jun 2023 | UK£227.1b | UK£124.0b | UK£38.2b | 5.7x | 5.9x | 1.8x |
5.9x
How does U.K. Diversified Banks compare with similar industries?
| GB Market | 0.084% | |
| Financials | 0.67% | |
| Banks | 1.90% | |
| Diversified Banks | 1.88% | |
| Regional Banks | 4.19% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HSBA HSBC Holdings | UK£13.81 | 1.7% +UK£3.9b | 58.5% | PB1.6x | |
| LLOY Lloyds Banking Group | UK£1.01 | 2.7% +UK£1.5b | 31.0% | PB1.2x | |
| BARC Barclays | UK£4.52 | 2.5% +UK£1.4b | 38.8% | PB0.8x | |
| NWG NatWest Group | UK£5.90 | 1.4% +UK£668.3m | 12.8% | PB1.1x | |
| STAN Standard Chartered | UK£19.63 | 1.4% +UK£520.5m | 69.3% | PB1.1x |