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U.K. (FTSE) Banks Industry Analysis

UpdatedJul 18, 2024
DataAggregated Company Financials
Companies12
  • 7D0.4%
  • 3M7.6%
  • 1Y11.1%
  • YTD13.4%

Last week, the Banks industry hasn't moved much but Barclays is up 3.6% in that time. As for the the longer term, the industry is up 12% over the past 12 months. Looking forward, earnings are expected to remain mostly flat in the next few years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Jul 2024UK£216.6bUK£96.0bUK£31.0b6.1x7x2.3x
Sat, 15 Jun 2024UK£213.9bUK£97.5bUK£31.6b5.9x6.8x2.2x
Mon, 13 May 2024UK£224.0bUK£98.3bUK£31.7b6x7.1x2.3x
Wed, 10 Apr 2024UK£236.4bUK£121.1bUK£36.5b5.4x6.5x2x
Fri, 08 Mar 2024UK£220.0bUK£120.2bUK£36.2b6.3x6.1x1.8x
Sun, 04 Feb 2024UK£193.4bUK£109.7bUK£37.6b5.3x5.1x1.8x
Tue, 02 Jan 2024UK£203.0bUK£109.3bUK£37.4b5x5.4x1.9x
Thu, 30 Nov 2023UK£191.6bUK£109.5bUK£37.5b5.3x5.1x1.7x
Sat, 28 Oct 2023UK£183.2bUK£106.8bUK£35.6b4.7x5.1x1.7x
Mon, 25 Sep 2023UK£208.9bUK£104.7bUK£34.7b5.4x6x2x
Wed, 23 Aug 2023UK£193.1bUK£102.1bUK£33.8b5.2x5.7x1.9x
Fri, 21 Jul 2023UK£239.1bUK£119.5bUK£37.5b5.3x6.4x2x
Sun, 18 Jun 2023UK£228.0bUK£120.3bUK£37.5b5.6x6.1x1.9x
Tue, 16 May 2023UK£228.1bUK£123.7bUK£37.7b5.4x6x1.8x
Thu, 13 Apr 2023UK£222.9bUK£115.1bUK£30.3b6.5x7.4x1.9x
Sat, 11 Mar 2023UK£234.1bUK£117.4bUK£31.5b5x7.4x2x
Mon, 06 Feb 2023UK£215.5bUK£88.2bUK£21.8b7.4x9.9x2.4x
Wed, 04 Jan 2023UK£191.8bUK£88.5bUK£21.8b6.8x8.8x2.2x
Fri, 02 Dec 2022UK£184.5bUK£87.7bUK£21.7b6.5x8.5x2.1x
Sun, 30 Oct 2022UK£162.0bUK£90.4bUK£22.0b5.6x7.4x1.8x
Tue, 27 Sep 2022UK£179.6bUK£96.1bUK£24.9b6.2x7.2x1.9x
Thu, 25 Aug 2022UK£188.2bUK£91.2bUK£23.6b6.3x8x2.1x
Sat, 23 Jul 2022UK£208.1bUK£114.1bUK£28.6b4.4x7.3x1.8x
Mon, 20 Jun 2022UK£204.1bUK£113.2bUK£28.4b5.3x7.2x1.8x
Wed, 18 May 2022UK£205.9bUK£111.6bUK£28.0b4.3x7.4x1.8x
Fri, 15 Apr 2022UK£208.6bUK£108.9bUK£28.1b5.8x7.4x1.9x
Sun, 13 Mar 2022UK£201.8bUK£107.6bUK£27.6b5.9x7.3x1.9x
Tue, 08 Feb 2022UK£252.4bUK£104.3bUK£25.8b6.9x9.8x2.4x
Thu, 06 Jan 2022UK£232.9bUK£104.1bUK£25.8b6.7x9x2.2x
Sat, 04 Dec 2021UK£219.5bUK£105.5bUK£26.0b6.2x8.4x2.1x
Mon, 01 Nov 2021UK£241.5bUK£112.6bUK£28.4b6.3x8.5x2.1x
Wed, 29 Sep 2021UK£219.0bUK£109.3bUK£23.2b6.8x9.4x2x
Fri, 27 Aug 2021UK£220.6bUK£108.3bUK£23.0b6.8x9.6x2x
Price to Earnings Ratio

9.6x


Total Market Cap: UK£221.7bTotal Earnings: UK£23.0bTotal Revenue: UK£108.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Banks Industry Price to Earnings3Y Average 7.9x202220232024
Current Industry PE
  • Investors are pessimistic on the British Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 6.9x which is lower than its 3-year average PE of 7.9x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 11% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.9% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the U.K. Financials industry?

GB Market0.065%
Financials0.50%
Banks0.36%
Regional Banks7.27%
Diversified Banks0.35%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 21.7x.
    • Analysts are expecting annual earnings growth of 41.1% and investors are willing to pay a premium for that growth.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 7.9x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 41% over the next 5 years.
  • In contrast, the Diversified Banks industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BARC BarclaysUK£2.315.1%
+UK£1.6b		40.4%PB0.5x
NWG NatWest GroupUK£3.281.8%
+UK£472.3m		26.1%PB0.7x
LLOY Lloyds Banking GroupUK£0.591.2%
+UK£422.9m		25.9%PB0.8x
STAN Standard CharteredUK£7.362.1%
+UK£378.1m		4.3%PB0.5x
TBCG TBC Bank GroupUK£30.553.9%
+UK£61.6m		18.9%PB1.2x
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Latest News

HSBA

UK£6.67

HSBC Holdings

7D

-0.6%

1Y

6.0%

TBCG

UK£30.55

TBC Bank Group

7D

3.9%

1Y

18.9%

BARC

UK£2.31

Barclays

7D

5.1%

1Y

40.4%

CBG

UK£5.24

Close Brothers Group

7D

7.9%

1Y

-46.2%

MTRO

UK£0.39

Metro Bank Holdings

7D

7.3%

1Y

-67.1%

LLOY

UK£0.59

Lloyds Banking Group

7D

1.2%

1Y

25.9%

BGEO

UK£45.10

Bank of Georgia Group

7D

3.3%

1Y

41.8%

HSBK

US$17.32

Halyk Bank of Kazakhstan

7D

-1.0%

1Y

17.8%

STAN

UK£7.36

Standard Chartered

7D

2.1%

1Y

4.3%

NWG

UK£3.28

NatWest Group

7D

1.8%

1Y

26.1%

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