Narrative Update • Jul 10

In the last week, the Diversified Banks industry is down 1.1% with Lloyds Banking Group down the most at 3.9%. Over the past 12 months, the industry was up 52%. As for the next few years, earnings are expected to grow by 10% 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 |
|---|---|---|---|---|---|---|
| Tue, 14 Jul 2026 | UK£502.2b | UK£132.4b | UK£39.0b | 8.5x | 12.9x | 3.8x |
| Thu, 11 Jun 2026 | UK£440.6b | UK£132.4b | UK£39.0b | 7.9x | 11.3x | 3.3x |
| Sat, 09 May 2026 | UK£448.3b | UK£131.4b | UK£38.8b | 8x | 11.6x | 3.4x |
| Mon, 06 Apr 2026 | UK£428.9b | UK£131.6b | UK£38.5b | 8.2x | 11.1x | 3.3x |
| Wed, 04 Mar 2026 | UK£432.5b | UK£130.8b | UK£38.2b | 9.1x | 11.3x | 3.3x |
| Fri, 30 Jan 2026 | UK£455.8b | UK£122.7b | UK£33.0b | 10.5x | 13.8x | 3.7x |
| Sun, 28 Dec 2025 | UK£431.1b | UK£124.0b | UK£33.3b | 9.3x | 12.9x | 3.5x |
| Tue, 25 Nov 2025 | UK£383.2b | UK£125.7b | UK£33.8b | 8.8x | 11.3x | 3x |
| Thu, 23 Oct 2025 | UK£362.2b | UK£121.6b | UK£34.5b | 8.9x | 10.5x | 3x |
| Sat, 20 Sep 2025 | UK£366.5b | UK£121.3b | UK£34.3b | 8.7x | 10.7x | 3x |
| Mon, 18 Aug 2025 | UK£351.6b | UK£120.8b | UK£34.1b | 9.1x | 10.3x | 2.9x |
| Wed, 16 Jul 2025 | UK£336.9b | UK£121.2b | UK£34.5b | 8.5x | 9.8x | 2.8x |
| Fri, 13 Jun 2025 | UK£325.1b | UK£120.4b | UK£34.3b | 7.8x | 9.5x | 2.7x |
| Sun, 11 May 2025 | UK£313.0b | UK£121.2b | UK£34.6b | 7.3x | 9x | 2.6x |
| Tue, 08 Apr 2025 | UK£270.9b | UK£125.3b | UK£37.3b | 6x | 7.3x | 2.2x |
| Thu, 06 Mar 2025 | UK£331.2b | UK£124.2b | UK£37.1b | 6.7x | 8.9x | 2.7x |
| Sat, 01 Feb 2025 | UK£299.8b | UK£123.1b | UK£37.2b | 5.3x | 8.1x | 2.4x |
| Mon, 30 Dec 2024 | UK£273.6b | UK£122.4b | UK£36.9b | 4.8x | 7.4x | 2.2x |
| Wed, 27 Nov 2024 | UK£264.2b | UK£122.7b | UK£37.1b | 4.9x | 7.1x | 2.2x |
| Fri, 25 Oct 2024 | UK£253.0b | UK£119.6b | UK£34.8b | 6.1x | 7.3x | 2.1x |
| Sun, 22 Sep 2024 | UK£213.4b | UK£96.1b | UK£30.3b | 6.7x | 7x | 2.2x |
| Tue, 20 Aug 2024 | UK£217.9b | UK£97.4b | UK£30.8b | 6.1x | 7.1x | 2.2x |
| Thu, 18 Jul 2024 | UK£216.3b | UK£95.3b | UK£31.0b | 5.7x | 7x | 2.3x |
| Sat, 15 Jun 2024 | UK£213.7b | UK£96.8b | UK£31.5b | 5.8x | 6.8x | 2.2x |
| Mon, 13 May 2024 | UK£223.8b | UK£97.7b | UK£31.7b | 5.3x | 7.1x | 2.3x |
| Wed, 10 Apr 2024 | UK£236.1b | UK£120.5b | UK£36.5b | 5.4x | 6.5x | 2x |
| Fri, 08 Mar 2024 | UK£219.8b | UK£119.7b | UK£36.2b | 6.2x | 6.1x | 1.8x |
| Sun, 04 Feb 2024 | UK£193.2b | UK£109.2b | UK£37.6b | 5.2x | 5.1x | 1.8x |
| Tue, 02 Jan 2024 | UK£202.7b | UK£108.7b | UK£37.4b | 5x | 5.4x | 1.9x |
| Thu, 30 Nov 2023 | UK£191.4b | UK£109.0b | UK£37.5b | 5.1x | 5.1x | 1.8x |
| Sat, 28 Oct 2023 | UK£183.2b | UK£106.3b | UK£35.6b | 4.6x | 5.1x | 1.7x |
| Mon, 25 Sep 2023 | UK£208.8b | UK£104.2b | UK£34.7b | 5.3x | 6x | 2x |
| Wed, 23 Aug 2023 | UK£193.0b | UK£101.6b | UK£33.8b | 5x | 5.7x | 1.9x |
| Fri, 21 Jul 2023 | UK£238.9b | UK£119.0b | UK£37.6b | 5.3x | 6.4x | 2x |
6.4x
How does U.K. Diversified Banks compare with similar industries?
| GB Market | -1.38% | |
| Financials | -0.88% | |
| Banks | -1.12% | |
| Diversified Banks | -1.13% | |
| Regional Banks | -0.0027% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HSBK Halyk Bank of Kazakhstan | US$31.00 | 0.8% +US$68.1m | 25.0% | PB1.1x | |
| CBG Close Brothers Group | UK£4.14 | 3.5% +UK£20.9m | 3.9% | PB0.4x |