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Aug 09
Japanese (NIKKEI) Banks Industry Analysis
UpdatedAug 09, 2024
DataAggregated Company Financials
Companies83
- 7D-19.7%
- 3M-10.7%
- 1Y22.5%
- YTD12.1%
Over the last 7 days, the Banks industry has dropped 20%, driven by a pullback from Mitsubishi UFJ Financial Group of 7.0%. Over the past 12 months, the industry was up 22%. Earnings are forecast to grow by 9.0% annually.
Industry Valuation and Performance
Has the Japanese Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 10 Aug 2024 | JP¥55.7t | JP¥22.9t | JP¥4.7t | 9.2x | 11.7x | 2.4x |
| Mon, 08 Jul 2024 | JP¥70.2t | JP¥24.0t | JP¥4.7t | 11.7x | 15.1x | 2.9x |
| Wed, 05 Jun 2024 | JP¥66.9t | JP¥25.1t | JP¥4.7t | 12x | 14.1x | 2.7x |
| Fri, 03 May 2024 | JP¥61.8t | JP¥20.8t | JP¥4.7t | 11.9x | 13.2x | 3x |
| Sun, 31 Mar 2024 | JP¥61.8t | JP¥20.6t | JP¥4.7t | 11.8x | 13.3x | 3x |
| Tue, 27 Feb 2024 | JP¥58.0t | JP¥20.8t | JP¥4.7t | 10.7x | 12.4x | 2.8x |
| Thu, 25 Jan 2024 | JP¥55.0t | JP¥20.6t | JP¥4.4t | 10.7x | 12.4x | 2.7x |
| Sat, 23 Dec 2023 | JP¥49.6t | JP¥20.8t | JP¥4.5t | 10x | 10.9x | 2.4x |
| Mon, 20 Nov 2023 | JP¥52.1t | JP¥23.7t | JP¥5.1t | 10.4x | 10.3x | 2.2x |
| Wed, 18 Oct 2023 | JP¥52.0t | JP¥22.7t | JP¥4.8t | 10.2x | 10.8x | 2.3x |
| Fri, 15 Sep 2023 | JP¥54.1t | JP¥22.6t | JP¥4.8t | 10.6x | 11.4x | 2.4x |
| Sun, 13 Aug 2023 | JP¥46.8t | JP¥23.5t | JP¥4.8t | 9.1x | 9.7x | 2x |
| Tue, 11 Jul 2023 | JP¥44.8t | JP¥23.0t | JP¥3.8t | 8.5x | 11.9x | 1.9x |
| Thu, 08 Jun 2023 | JP¥41.4t | JP¥24.2t | JP¥4.2t | 8.1x | 9.8x | 1.7x |
| Sat, 06 May 2023 | JP¥39.7t | JP¥19.8t | JP¥1.9t | 8.1x | 20.5x | 2x |
| Mon, 03 Apr 2023 | JP¥37.9t | JP¥19.7t | JP¥1.9t | 7.8x | 19.8x | 1.9x |
| Wed, 01 Mar 2023 | JP¥42.8t | JP¥19.7t | JP¥2.0t | 8.8x | 21.2x | 2.2x |
| Fri, 27 Jan 2023 | JP¥41.6t | JP¥18.8t | JP¥1.9t | 8.1x | 22.4x | 2.2x |
| Sun, 25 Dec 2022 | JP¥39.9t | JP¥18.9t | JP¥1.9t | 7.9x | 21.1x | 2.1x |
| Tue, 22 Nov 2022 | JP¥34.2t | JP¥19.3t | JP¥1.9t | 7x | 18.1x | 1.8x |
| Thu, 20 Oct 2022 | JP¥33.1t | JP¥18.5t | JP¥2.2t | 7x | 15.4x | 1.8x |
| Sat, 17 Sep 2022 | JP¥34.2t | JP¥18.5t | JP¥2.2t | 7x | 15.9x | 1.8x |
| Mon, 15 Aug 2022 | JP¥33.3t | JP¥18.8t | JP¥2.2t | 7.1x | 15.5x | 1.8x |
| Wed, 13 Jul 2022 | JP¥33.3t | JP¥17.8t | JP¥2.5t | 7.3x | 13.4x | 1.9x |
| Fri, 10 Jun 2022 | JP¥33.1t | JP¥21.3t | JP¥3.9t | 7.5x | 8.5x | 1.6x |
| Sun, 08 May 2022 | JP¥34.0t | JP¥20.1t | JP¥4.7t | 6.7x | 7.3x | 1.7x |
| Tue, 05 Apr 2022 | JP¥33.4t | JP¥20.1t | JP¥4.7t | 6.6x | 7.1x | 1.7x |
| Thu, 03 Mar 2022 | JP¥31.7t | JP¥20.1t | JP¥4.7t | 6.5x | 6.8x | 1.6x |
| Sat, 29 Jan 2022 | JP¥33.5t | JP¥19.9t | JP¥4.3t | 7.7x | 7.9x | 1.7x |
| Mon, 27 Dec 2021 | JP¥30.7t | JP¥19.9t | JP¥4.3t | 7.1x | 7.2x | 1.5x |
| Wed, 24 Nov 2021 | JP¥30.0t | JP¥20.3t | JP¥4.6t | 6.8x | 6.5x | 1.5x |
| Fri, 22 Oct 2021 | JP¥31.4t | JP¥19.9t | JP¥4.3t | 7.5x | 7.3x | 1.6x |
| Sun, 19 Sep 2021 | JP¥31.7t | JP¥19.7t | JP¥4.3t | 7.8x | 7.4x | 1.6x |
| Tue, 17 Aug 2021 | JP¥30.0t | JP¥19.7t | JP¥4.3t | 7.4x | 7x | 1.5x |
Price to Earnings Ratio
7x
Current Industry PE
- Investors are relatively neutral on the Japanese Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 12.3x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 3.5% per year over the last three years.
- Revenues for these companies have grown 5.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Japanese Financials industry?
| JP Market | -8.50% | |
| Financials | -16.39% | |
| Banks | -19.74% | |
| Diversified Banks | -19.41% | |
| Regional Banks | -20.84% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 14.7x.
- Analysts are expecting annual earnings growth of 9.1%, which is lower than the prior year's growth of 12.7% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading close to its 3-year average of 10.1x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 9.1% over the next 5 years.
- However this is lower than its past earnings growth rate of 13% per year.
- In contrast, the Regional Banks industry is expected to see its earnings grow by 8.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 8304 Aozora Bank | JP¥2.37k | 1.7% +JP¥5.3b | -15.6% | PB0.8x | |
| 8337 Chiba Kogyo Bank | JP¥936.00 | 1.0% +JP¥515.3m | 29.5% | PB0.3x | |
| 8358 Suruga Bank | JP¥1.09k | 0.2% +JP¥385.1m | 94.3% | PB0.7x | |
| 8365 Bank of Toyama | JP¥1.69k | 2.5% +JP¥222.2m | -1.9% | PB0.3x | |
| 8367 Nanto Bank | JP¥3.24k | 0.2% +JP¥157.3m | 25.2% | PB0.3x |
