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U.K. (FTSE) Diversified Banks Industry Analysis

UpdatedMay 28, 2026
DataAggregated Company Financials
Companies11
  • 7D3.0%
  • 3M-0.6%
  • 1Y49.0%
  • YTDn/a

The Diversified Banks industry is up 3.0% in the last week, with HSBC Holdings up 3.2%. In the last 12 months, the industry was up 49%. Looking forward, earnings are forecast to grow by 10.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 May 2026UK£469.8bUK£132.2bUK£38.9b8x12.1x3.6x
Sat, 25 Apr 2026UK£444.2bUK£130.0bUK£38.0b8.2x11.7x3.4x
Mon, 23 Mar 2026UK£391.7bUK£130.3bUK£38.2b8x10.2x3x
Wed, 18 Feb 2026UK£448.1bUK£125.9bUK£34.5b9.8x13x3.6x
Fri, 16 Jan 2026UK£446.6bUK£124.4bUK£33.5b10.4x13.3x3.6x
Sun, 14 Dec 2025UK£409.8bUK£124.5bUK£33.4b9.1x12.3x3.3x
Tue, 11 Nov 2025UK£399.2bUK£125.3bUK£33.6b9.2x11.9x3.2x
Thu, 09 Oct 2025UK£380.0bUK£121.4bUK£34.4b9.1x11x3.1x
Sat, 06 Sep 2025UK£349.3bUK£121.2bUK£34.3b8.5x10.2x2.9x
Mon, 04 Aug 2025UK£340.3bUK£122.0bUK£34.5b8.9x9.9x2.8x
Wed, 02 Jul 2025UK£328.8bUK£119.8bUK£34.1b8.2x9.6x2.7x
Fri, 30 May 2025UK£325.8bUK£120.8bUK£34.4b7.7x9.5x2.7x
Sun, 27 Apr 2025UK£308.0bUK£122.4bUK£36.3b7.5x8.5x2.5x
Tue, 25 Mar 2025UK£323.0bUK£123.9bUK£36.8b7.5x8.8x2.6x
Thu, 20 Feb 2025UK£314.1bUK£123.4bUK£38.0b6.2x8.3x2.5x
Sat, 18 Jan 2025UK£290.6bUK£124.4bUK£37.6b4.7x7.7x2.3x
Mon, 16 Dec 2024UK£273.1bUK£122.2bUK£36.9b5x7.4x2.2x
Wed, 13 Nov 2024UK£257.8bUK£121.4bUK£36.5b4.9x7.1x2.1x
Fri, 11 Oct 2024UK£215.2bUK£95.6bUK£30.4b6x7.1x2.3x
Sun, 08 Sep 2024UK£209.7bUK£96.9bUK£30.7b6x6.8x2.2x
Tue, 06 Aug 2024UK£203.6bUK£98.4bUK£31.1b5.9x6.5x2.1x
Thu, 04 Jul 2024UK£216.9bUK£96.4bUK£31.4b5.6x6.9x2.2x
Sat, 01 Jun 2024UK£222.3bUK£96.6bUK£31.4b6.1x7.1x2.3x
Mon, 29 Apr 2024UK£213.6bUK£97.2bUK£31.8b5.7x6.7x2.2x
Wed, 27 Mar 2024UK£230.7bUK£120.7bUK£36.5b5.3x6.3x1.9x
Fri, 23 Feb 2024UK£212.3bUK£122.3bUK£37.0b5.5x5.7x1.7x
Sun, 21 Jan 2024UK£186.4bUK£108.9bUK£37.5b5.1x5x1.7x
Tue, 19 Dec 2023UK£197.9bUK£109.2bUK£37.6b5.1x5.3x1.8x
Thu, 16 Nov 2023UK£191.2bUK£109.8bUK£37.9b5x5x1.7x
Sat, 14 Oct 2023UK£209.5bUK£104.7bUK£34.9b4.9x6x2x
Mon, 11 Sep 2023UK£191.8bUK£103.1bUK£34.4b5x5.6x1.9x
Wed, 09 Aug 2023UK£206.5bUK£101.3bUK£33.7b5.2x6.1x2x
Fri, 07 Jul 2023UK£221.6bUK£119.6bUK£37.8b5.1x5.9x1.9x
Sun, 04 Jun 2023UK£227.1bUK£124.0bUK£38.2b5.7x5.9x1.8x
Price to Earnings Ratio

5.9x


Total Market Cap: UK£227.1bTotal Earnings: UK£38.2bTotal 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 12.1x 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 3.6x.
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 2.2% 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 Market0.93%
Financials1.97%
Banks2.95%
Diversified Banks2.96%
Regional Banks1.44%
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£13.811.7%
+UK£3.9b		58.5%PB1.6x
LLOY Lloyds Banking GroupUK£1.012.7%
+UK£1.5b		31.0%PB1.2x
BARC BarclaysUK£4.522.5%
+UK£1.4b		38.8%PB0.8x
NWG NatWest GroupUK£5.901.4%
+UK£668.3m		12.8%PB1.1x
STAN Standard CharteredUK£19.631.4%
+UK£535.3m		69.3%PB1.1x

Latest News

HSBA
UK£13.81
HSBC Holdings
7D
1.7%
1Y
58.5%
BARC
UK£4.52
Barclays
7D
2.5%
1Y
38.8%
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).
LLOY
UK£1.01
Lloyds Banking Group
7D
2.7%
1Y
31.0%
STAN
UK£19.63
Standard Chartered
7D
1.4%
1Y
69.3%
HSBK
US$31.30
Halyk Bank of Kazakhstan
7D
2.3%
1Y
37.9%
NWG
UK£5.90
NatWest Group
7D
1.4%
1Y
12.8%
BGEO
UK£110.60
Lion Finance Group
7D
2.0%
1Y
67.6%
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£45.46
TBC Bank Group
7D
2.9%
1Y
2.0%
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.