I Ran A Stock Scan For Earnings Growth And ICICI Bank (NSE:ICICIBANK) Passed With Ease
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Has the Indian Banks Industry valuation changed over the past few years?
|Tue, 30 Nov 2021||₹29.7t||₹7.0t||₹1.3t||16.4x|
|Thu, 28 Oct 2021||₹33.4t||₹6.7t||₹1.3t||18.5x|
|Sat, 25 Sep 2021||₹30.3t||₹6.6t||₹1.3t||17.9x|
|Mon, 23 Aug 2021||₹28.1t||₹6.6t||₹1.3t||17.6x|
|Sat, 10 Jul 2021||₹28.6t||₹6.6t||₹1.3t||19.9x|
|Fri, 02 Apr 2021||₹26.8t||₹6.3t||₹1.2t||22.7x|
|Mon, 04 Jan 2021||₹24.9t||₹5.7t||₹956.6b||24.5x|
|Thu, 08 Oct 2020||₹17.1t||₹5.3t||₹792.4b||16.9x|
|Wed, 01 Jul 2020||₹16.6t||₹5.0t||₹673.6b||16.1x|
|Sat, 04 Apr 2020||₹14.3t||₹4.9t||₹671.5b||13.4x|
|Tue, 07 Jan 2020||₹23.8t||₹5.1t||₹665.6b||23.1x|
|Mon, 30 Sep 2019||₹21.0t||₹4.7t||₹514.8b||20.5x|
|Thu, 04 Jul 2019||₹22.1t||₹4.3t||₹495.1b||28.8x|
|Sun, 07 Apr 2019||₹21.9t||₹4.0t||₹272.4b||32.4x|
|Wed, 09 Jan 2019||₹19.4t||₹3.6t||₹41.7b||21.6x|
Current Industry PE: Investors are more pessimistic on the industry, considering it's trading at a PE ratio of 15.8x which is lower than its 3-year average PE of 21.8x. It appears they believe that earnings will not grow as fast as they have historically.
Past Earnings Growth: Total earnings for the Banks industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 28% per year. This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Which industries have driven the changes within the Indian Banks industry?
Industry PE: Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 26.5x. This is likely because analysts are expecting annual earnings growth of 105%, which is higher than its past year's earnings growth of 35% per year. Meanwhile, investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 19.8x.
Forecasted Growth: Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 105% over the next 5 years. This is better than it's past earnings growth rate of 35% per year. Meanwhile, the Diversified Banks industry is expected to see its earnings grow by 21% per year over the next few years.
Which companies have driven the market over the last 7 days?
Kotak Mahindra Bank
State Bank of India
AU Small Finance Bank
Indian Overseas Bank
Central Bank of India