Narrative Update • Aug 26

The Diversified Banks industry has stayed flat over the last week. The past year has been better, since the industry has gained 46% in that time. As for the next few years, earnings are expected to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Sat, 29 Aug 2026 | UK£512.6b | UK£136.9b | UK£40.0b | 8.8x | 12.8x | 3.7x |
| Mon, 27 Jul 2026 | UK£520.3b | UK£132.8b | UK£39.2b | 8.6x | 13.3x | 3.9x |
| Wed, 24 Jun 2026 | UK£494.2b | UK£133.3b | UK£39.3b | 8.5x | 12.6x | 3.7x |
| Fri, 22 May 2026 | UK£455.2b | UK£132.2b | UK£39.0b | 7.8x | 11.7x | 3.4x |
| Sun, 19 Apr 2026 | UK£466.4b | UK£130.0b | UK£38.0b | 8.7x | 12.3x | 3.6x |
| Tue, 17 Mar 2026 | UK£406.3b | UK£131.3b | UK£38.4b | 8.4x | 10.6x | 3.1x |
| Thu, 12 Feb 2026 | UK£456.1b | UK£124.9b | UK£34.2b | 10x | 13.3x | 3.7x |
| Sat, 10 Jan 2026 | UK£437.5b | UK£124.3b | UK£33.4b | 10.2x | 13.1x | 3.5x |
| Mon, 08 Dec 2025 | UK£399.0b | UK£124.7b | UK£33.5b | 9.2x | 11.9x | 3.2x |
| Wed, 05 Nov 2025 | UK£390.3b | UK£125.8b | UK£33.8b | 9x | 11.6x | 3.1x |
| Fri, 03 Oct 2025 | UK£371.3b | UK£121.2b | UK£34.3b | 8.9x | 10.8x | 3.1x |
| Sun, 31 Aug 2025 | UK£347.8b | UK£121.2b | UK£34.3b | 8.7x | 10.1x | 2.9x |
| Tue, 29 Jul 2025 | UK£349.6b | UK£121.5b | UK£34.8b | 9.4x | 10.1x | 2.9x |
| Thu, 26 Jun 2025 | UK£327.7b | UK£120.0b | UK£34.2b | 7.8x | 9.6x | 2.7x |
| Sat, 24 May 2025 | UK£326.1b | UK£120.6b | UK£34.4b | 7.7x | 9.5x | 2.7x |
| Mon, 21 Apr 2025 | UK£292.9b | UK£122.5b | UK£36.4b | 7.1x | 8.1x | 2.4x |
| Wed, 19 Mar 2025 | UK£322.5b | UK£123.5b | UK£36.6b | 7.6x | 8.8x | 2.6x |
| Fri, 14 Feb 2025 | UK£307.4b | UK£123.1b | UK£37.2b | 6x | 8.3x | 2.5x |
| Sun, 12 Jan 2025 | UK£274.1b | UK£124.3b | UK£37.6b | 4.7x | 7.3x | 2.2x |
| Tue, 10 Dec 2024 | UK£270.4b | UK£121.5b | UK£36.6b | 4.9x | 7.4x | 2.2x |
| Thu, 07 Nov 2024 | UK£264.4b | UK£120.7b | UK£36.3b | 4.9x | 7.3x | 2.2x |
| Sat, 05 Oct 2024 | UK£217.4b | UK£95.3b | UK£30.3b | 6x | 7.2x | 2.3x |
| Mon, 02 Sep 2024 | UK£217.3b | UK£96.9b | UK£30.7b | 6.2x | 7.1x | 2.2x |
| Wed, 31 Jul 2024 | UK£222.6b | UK£96.5b | UK£31.3b | 6.3x | 7.1x | 2.3x |
| Fri, 28 Jun 2024 | UK£217.3b | UK£97.0b | UK£31.6b | 5.6x | 6.9x | 2.2x |
| Sun, 26 May 2024 | UK£221.1b | UK£96.6b | UK£31.2b | 5.8x | 7.1x | 2.3x |
| Tue, 23 Apr 2024 | UK£233.6b | UK£122.0b | UK£37.0b | 5.3x | 6.3x | 1.9x |
| Thu, 21 Mar 2024 | UK£222.5b | UK£119.9b | UK£36.3b | 5.8x | 6.1x | 1.9x |
| Sat, 17 Feb 2024 | UK£194.1b | UK£106.7b | UK£36.9b | 5.1x | 5.3x | 1.8x |
| Mon, 15 Jan 2024 | UK£193.9b | UK£108.7b | UK£37.4b | 5.2x | 5.2x | 1.8x |
| Wed, 13 Dec 2023 | UK£194.1b | UK£109.7b | UK£37.7b | 5.2x | 5.1x | 1.8x |
| Fri, 10 Nov 2023 | UK£190.2b | UK£110.6b | UK£38.1b | 5x | 5x | 1.7x |
| Sun, 08 Oct 2023 | UK£207.4b | UK£104.1b | UK£34.7b | 5x | 6x | 2x |
| Tue, 05 Sep 2023 | UK£194.3b | UK£102.3b | UK£34.1b | 5.1x | 5.7x | 1.9x |
5.7x
How does U.K. Diversified Banks compare with similar industries?
| GB Market | 0.12% | |
| Financials | 0.64% | |
| Banks | 0.27% | |
| Diversified Banks | 0.28% | |
| Regional Banks | -0.62% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HSBA HSBC Holdings | UK£15.28 | 0.7% +UK£1.6b | 61.4% | PB1.8x | |
| BARC Barclays | UK£4.97 | 0.8% +UK£462.3m | 37.8% | PB0.8x | |
| STAN Standard Chartered | UK£21.77 | 0.7% +UK£303.1m | 57.1% | PB1.2x | |
| TBCG TBC Bank Group | UK£50.50 | 5.9% +UK£154.0m | 15.4% | PB1.5x | |
| BGEO Lion Finance Group | UK£134.20 | 2.5% +UK£140.4m | 83.1% | PB2.1x |