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U.K. (FTSE) Diversified Banks Industry Analysis

UpdatedMay 29, 2026
DataAggregated Company Financials
Companies11
  • 7D1.9%
  • 3M-0.7%
  • 1Y46.0%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has risen 1.9%, driven by gains from HSBC Holdings of 1.4%. This takes the industry's 12 month performance to a gain of 46%. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

Has the U.K. Diversified Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 30 May 2026UK£463.6bUK£132.1bUK£38.9b7.9x11.9x3.5x
Mon, 27 Apr 2026UK£444.1bUK£130.0bUK£38.0b8.2x11.7x3.4x
Wed, 25 Mar 2026UK£403.0bUK£130.5bUK£38.2b8.2x10.6x3.1x
Fri, 20 Feb 2026UK£450.0bUK£126.3bUK£34.7b9.7x13x3.6x
Sun, 18 Jan 2026UK£448.2bUK£124.5bUK£33.5b10.4x13.4x3.6x
Tue, 16 Dec 2025UK£416.7bUK£124.4bUK£33.4b9.2x12.5x3.3x
Thu, 13 Nov 2025UK£408.4bUK£125.4bUK£33.7b9.3x12.1x3.3x
Sat, 11 Oct 2025UK£362.5bUK£121.7bUK£34.5b8.8x10.5x3x
Mon, 08 Sep 2025UK£349.3bUK£121.2bUK£34.3b8.5x10.2x2.9x
Wed, 06 Aug 2025UK£346.8bUK£121.9bUK£34.5b9.1x10.1x2.8x
Fri, 04 Jul 2025UK£326.5bUK£120.1bUK£34.2b8.3x9.6x2.7x
Sun, 01 Jun 2025UK£325.1bUK£120.9bUK£34.4b7.6x9.4x2.7x
Tue, 29 Apr 2025UK£307.8bUK£121.8bUK£36.2b7.6x8.5x2.5x
Thu, 27 Mar 2025UK£325.5bUK£124.1bUK£36.8b7.6x8.8x2.6x
Sat, 22 Feb 2025UK£317.2bUK£124.8bUK£37.7b6.3x8.4x2.5x
Mon, 20 Jan 2025UK£290.6bUK£124.4bUK£37.6b4.7x7.7x2.3x
Wed, 18 Dec 2024UK£269.7bUK£121.7bUK£36.7b4.9x7.3x2.2x
Fri, 15 Nov 2024UK£259.8bUK£121.9bUK£36.7b4.8x7.1x2.1x
Sun, 13 Oct 2024UK£215.9bUK£95.6bUK£30.4b6x7.1x2.3x
Tue, 10 Sep 2024UK£213.2bUK£97.2bUK£30.8b5.9x6.9x2.2x
Thu, 08 Aug 2024UK£208.5bUK£98.8bUK£31.3b6.1x6.7x2.1x
Sat, 06 Jul 2024UK£216.7bUK£96.1bUK£31.3b5.6x6.9x2.3x
Mon, 03 Jun 2024UK£222.2bUK£96.6bUK£31.4b6.1x7.1x2.3x
Wed, 01 May 2024UK£219.1bUK£97.5bUK£31.6b5.7x6.9x2.2x
Fri, 29 Mar 2024UK£229.3bUK£120.7bUK£36.6b5.4x6.3x1.9x
Sun, 25 Feb 2024UK£214.4bUK£165.9bUK£92.5b5.5x2.3x1.3x
Tue, 23 Jan 2024UK£189.2bUK£108.9bUK£37.5b5.2x5x1.7x
Thu, 21 Dec 2023UK£200.5bUK£109.1bUK£37.5b5.2x5.3x1.8x
Sat, 18 Nov 2023UK£195.1bUK£109.9bUK£37.9b5x5.1x1.8x
Mon, 16 Oct 2023UK£209.5bUK£104.6bUK£34.9b4.9x6x2x
Wed, 13 Sep 2023UK£196.1bUK£103.1bUK£34.4b5.1x5.7x1.9x
Fri, 11 Aug 2023UK£206.8bUK£101.4bUK£33.7b5.4x6.1x2x
Sun, 09 Jul 2023UK£221.7bUK£119.1bUK£37.6b5.1x5.9x1.9x
Tue, 06 Jun 2023UK£226.4bUK£124.0bUK£38.3b5.7x5.9x1.8x
Price to Earnings Ratio

5.9x


Total Market Cap: UK£226.4bTotal Earnings: UK£38.3bTotal Revenue: UK£124.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Diversified Banks Industry Price to Earnings3Y Average 8.2x202420252026
Current Industry PE
  • Investors are optimistic on the British Diversified Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.9x which is higher than its 3-year average PE of 8.2x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Comparison

How does U.K. Diversified Banks compare with similar industries?

GB Market0.084%
Financials0.67%
Banks1.90%
Diversified Banks1.88%
Regional Banks4.19%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HSBA HSBC HoldingsUK£13.941.4%
+UK£3.3b		59.6%PB1.6x
BARC BarclaysUK£4.582.7%
+UK£1.6b		39.8%PB0.8x
LLOY Lloyds Banking GroupUK£1.022.3%
+UK£1.3b		32.0%PB1.2x
NWG NatWest GroupUK£5.992.6%
+UK£1.2b		14.3%PB1.1x
STAN Standard CharteredUK£19.942.4%
+UK£979.7m		72.2%PB1.1x

Latest News

STAN
UK£19.94
Standard Chartered
7D
2.4%
1Y
72.2%
HSBA
UK£13.94
HSBC Holdings
7D
1.4%
1Y
59.6%
LLOY
UK£1.02
Lloyds Banking Group
7D
2.3%
1Y
32.0%
Narrative Update • May 28

LLOY: Recent Buyback Will Still Not Justify Richer Future Multiple

Analysts have made a small upward adjustment to their Lloyds Banking Group price target in £ terms, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E that are now slightly different from prior estimates. What's in the News Lloyds Banking Group completed a share buyback tranche covering 600,000,000 shares, described as 1.02% of the company, between January 30, 2026 and March 31, 2026 (Key Developments).
BARC
UK£4.58
Barclays
7D
2.7%
1Y
39.8%
Narrative Update • May 27

BARC: Buyback And Small Business Partnership Will Support Stronger Future Returns

Analysts have nudged their fair value estimate for Barclays to £5.39, up from £5.30, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Barclays PLC has announced a share repurchase program of up to £500 million, with all repurchased ordinary shares to be cancelled and the program scheduled to end no later than October 24, 2026 (Key Developments).
ARBB
UK£8.25
Arbuthnot Banking Group
7D
-1.8%
1Y
-11.3%
HSBK
US$32.00
Halyk Bank of Kazakhstan
7D
2.7%
1Y
41.9%
NWG
UK£5.99
NatWest Group
7D
2.6%
1Y
14.3%
BGEO
UK£111.10
Lion Finance Group
7D
4.4%
1Y
66.3%
Narrative Update • May 16

BGEO: Index Inclusion And Capital Returns Will Support Higher Future Valuation Multiple

Analysts have lifted their price target on Lion Finance Group to £13,100 from £10,700, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent Street research on Lion Finance Group points to a more optimistic stance on the stock, with bullish analysts revisiting their assumptions on discount rates, revenue, margins and future P/E multiples.
TBCG
UK£45.02
TBC Bank Group
7D
2.7%
1Y
0.8%
Narrative Update • May 15

TBCG: Dividend Continuity And Leadership Transition Will Support Future Upside

Analysts have trimmed their fair value estimate for TBC Bank Group from £55.35 to £54.78, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News TBC Bank Group PLC plans to appoint Guy Stevens as Group Chief Financial Officer, effective 13 July 2026.
CBG
UK£4.61
Close Brothers Group
7D
-0.8%
1Y
38.1%
Narrative Update • Apr 26

CBG: Lower Discount Rate And Sustainable Margins Will Support Higher Earnings Multiple

Analysts have lifted their price target on Close Brothers Group, citing a slightly lower discount rate and marginally adjusted assumptions around revenue growth, profit margins and future P/E that together point to a modestly higher implied equity value in £ terms. Analyst Commentary Recent research under the banner of “Close Brothers just upgraded at UBS, here's why” gives a clearer view of what is driving the higher implied equity value and where risks still sit for Close Brothers Group.