Narrative Update • Apr 26

In the last week, the Regional Banks industry is up 7.5%, with Metro Bank Holdings up 13%. This means that the industry has gained 50% over the past year. Looking forward, earnings are forecast to grow by 22% annually.
Has the U.K. Regional Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 03 Jun 2026 | UK£2.7b | UK£1.2b | UK£232.8m | 15.4x | 11.7x | 2.3x |
| Fri, 01 May 2026 | UK£2.7b | UK£1.2b | UK£232.8m | 14.3x | 11.6x | 2.3x |
| Sun, 29 Mar 2026 | UK£2.4b | UK£1.2b | UK£232.8m | 11.8x | 10.2x | 2x |
| Tue, 24 Feb 2026 | UK£3.2b | UK£1.1b | UK£351.4m | 8.8x | 9.1x | 3x |
| Thu, 22 Jan 2026 | UK£3.2b | UK£1.1b | UK£351.4m | 8.8x | 9.1x | 3x |
| Sat, 20 Dec 2025 | UK£3.3b | UK£1.1b | UK£351.4m | 8.8x | 9.4x | 3.1x |
| Mon, 17 Nov 2025 | UK£2.7b | UK£1.1b | UK£351.4m | 7.4x | 7.6x | 2.5x |
| Wed, 15 Oct 2025 | UK£784.8m | UK£454.8m | UK£106.0m | 7.4x | 7.4x | 1.7x |
| Fri, 12 Sep 2025 | UK£861.6m | UK£454.8m | UK£106.0m | 8.1x | 8.1x | 1.9x |
| Sun, 10 Aug 2025 | UK£725.6m | UK£454.8m | UK£106.0m | 6.8x | 6.8x | 1.6x |
| Tue, 08 Jul 2025 | UK£874.9m | UK£398.2m | UK£42.5m | 20.6x | 20.6x | 2.2x |
| Thu, 05 Jun 2025 | UK£755.1m | UK£398.2m | UK£42.5m | 17.8x | 17.8x | 1.9x |
| Sat, 03 May 2025 | UK£687.8m | UK£398.2m | UK£42.5m | 16.2x | 16.2x | 1.7x |
| Mon, 31 Mar 2025 | UK£614.4m | UK£398.2m | UK£42.5m | 14.5x | 14.5x | 1.5x |
| Wed, 26 Feb 2025 | UK£631.3m | UK£570.5m | -UK£16,300,000.00 | n/a | -38.7x | 1.1x |
| Fri, 24 Jan 2025 | UK£648.8m | UK£570.5m | -UK£16,300,000.00 | n/a | -39.8x | 1.1x |
| Sun, 22 Dec 2024 | UK£672.2m | UK£570.5m | -UK£16,300,000.00 | n/a | -41.2x | 1.2x |
| Tue, 19 Nov 2024 | UK£607.6m | UK£570.5m | -UK£16,300,000.00 | n/a | -37.3x | 1.1x |
| Thu, 17 Oct 2024 | UK£469.0m | UK£570.5m | -UK£16,300,000.00 | n/a | -28.8x | 0.8x |
| Sat, 14 Sep 2024 | UK£442.7m | UK£570.5m | -UK£16,300,000.00 | n/a | -27.2x | 0.8x |
| Mon, 12 Aug 2024 | UK£398.9m | UK£570.5m | -UK£16,300,000.00 | n/a | -24.5x | 0.7x |
| Wed, 10 Jul 2024 | UK£240.5m | UK£615.7m | UK£29.5m | 8.2x | 8.2x | 0.4x |
| Fri, 07 Jun 2024 | UK£251.9m | UK£615.7m | UK£29.5m | 8.5x | 8.5x | 0.4x |
| Sun, 05 May 2024 | UK£232.1m | UK£615.7m | UK£29.5m | 7.9x | 7.9x | 0.4x |
| Tue, 02 Apr 2024 | UK£216.9m | UK£615.7m | UK£29.5m | 7.4x | 7.4x | 0.4x |
| Thu, 29 Feb 2024 | UK£230.4m | UK£540.1m | UK£1.7m | 135.5x | 135.5x | 0.4x |
| Sat, 27 Jan 2024 | UK£251.6m | UK£540.1m | UK£1.7m | 148x | 148x | 0.5x |
| Mon, 25 Dec 2023 | UK£234.1m | UK£540.1m | UK£1.7m | 137.7x | 137.7x | 0.4x |
| Wed, 22 Nov 2023 | UK£67.1m | UK£540.1m | UK£1.7m | 39.5x | 39.5x | 0.1x |
| Fri, 20 Oct 2023 | UK£80.0m | UK£540.1m | UK£1.7m | 47.1x | 47.1x | 0.1x |
| Sun, 17 Sep 2023 | UK£129.5m | UK£540.1m | UK£1.7m | 76.2x | 76.2x | 0.2x |
| Tue, 15 Aug 2023 | UK£181.6m | UK£540.1m | UK£1.7m | 106.8x | 106.8x | 0.3x |
| Thu, 13 Jul 2023 | UK£210.9m | UK£483.6m | -UK£72,700,000.00 | n/a | -2.9x | 0.4x |
| Sat, 10 Jun 2023 | UK£358.1m | UK£967.2m | -UK£145,400,000.00 | n/a | -2.5x | 0.4x |
-2.5x
How does U.K. Regional Banks compare with similar industries?
| GB Market | -0.85% | |
| Financials | 0.15% | |
| Banks | 1.61% | |
| Regional Banks | 2.32% | |
| Diversified Banks | 1.61% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MTRO Metro Bank Holdings | UK£1.68 | 7.1% +UK£75.4m | 49.7% | PB0.8x |