Narrative Update • Jun 24
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Kenyan (NSE) Financials Sector Analysis
UpdatedJun 26, 2026
DataAggregated Company Financials
Companies21
- 7D2.7%
- 3M12.3%
- 1Y64.5%
- YTD21.4%
Over the last 7 days, the Financials industry has risen 2.7%, driven by gains from Absa Bank Kenya of 9.9%. In the last 12 months, the industry was up 65%. As for the next few years, earnings are expected to grow by 11% per annum.
Sector Valuation and Performance
Has the Kenyan Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jun 2026 | KSh1.7t | KSh954.0b | KSh308.6b | 6.3x | 5.4x | 1.7x |
| Sun, 24 May 2026 | KSh1.5t | KSh935.2b | KSh303.7b | 6.1x | 5x | 1.6x |
| Tue, 21 Apr 2026 | KSh1.6t | KSh929.8b | KSh301.0b | 6.3x | 5.2x | 1.7x |
| Thu, 19 Mar 2026 | KSh1.6t | KSh888.2b | KSh286.1b | 6.3x | 5.6x | 1.8x |
| Sat, 14 Feb 2026 | KSh1.5t | KSh887.3b | KSh279.5b | 5.8x | 5.5x | 1.7x |
| Mon, 12 Jan 2026 | KSh1.4t | KSh887.3b | KSh279.5b | 4.9x | 4.9x | 1.5x |
| Wed, 10 Dec 2025 | KSh1.2t | KSh886.1b | KSh278.7b | 4.6x | 4.4x | 1.4x |
| Fri, 07 Nov 2025 | KSh1.3t | KSh876.4b | KSh279.9b | 4.9x | 4.8x | 1.5x |
| Sun, 05 Oct 2025 | KSh1.2t | KSh867.7b | KSh271.9b | 4.8x | 4.4x | 1.4x |
| Tue, 02 Sep 2025 | KSh1.1t | KSh867.4b | KSh271.8b | 4.6x | 4.2x | 1.3x |
| Thu, 31 Jul 2025 | KSh1.1t | KSh846.7b | KSh259.8b | 4.1x | 4.1x | 1.2x |
| Sat, 28 Jun 2025 | KSh1.0t | KSh850.9b | KSh261.9b | 3.9x | 3.8x | 1.2x |
| Mon, 26 May 2025 | KSh930.6b | KSh869.6b | KSh262.1b | 3.7x | 3.6x | 1.1x |
| Wed, 23 Apr 2025 | KSh928.6b | KSh868.0b | KSh262.1b | 3.6x | 3.5x | 1.1x |
| Fri, 21 Mar 2025 | KSh957.9b | KSh827.8b | KSh253.6b | 4x | 3.8x | 1.2x |
| Sun, 16 Feb 2025 | KSh954.2b | KSh806.4b | KSh242.9b | 4.1x | 3.9x | 1.2x |
| Tue, 14 Jan 2025 | KSh941.1b | KSh806.1b | KSh242.5b | 4x | 3.9x | 1.2x |
| Thu, 12 Dec 2024 | KSh849.0b | KSh806.2b | KSh242.6b | 3.6x | 3.5x | 1.1x |
| Sat, 09 Nov 2024 | KSh827.9b | KSh789.8b | KSh236.0b | 3.7x | 3.5x | 1x |
| Mon, 07 Oct 2024 | KSh774.0b | KSh790.0b | KSh236.1b | 3.5x | 3.3x | 1x |
| Wed, 04 Sep 2024 | KSh749.5b | KSh784.8b | KSh233.1b | 3.4x | 3.2x | 1x |
| Fri, 02 Aug 2024 | KSh712.9b | KSh762.5b | KSh224.2b | 3.5x | 3.2x | 0.9x |
| Sun, 30 Jun 2024 | KSh733.1b | KSh762.9b | KSh218.3b | 3.5x | 3.4x | 1x |
| Tue, 28 May 2024 | KSh732.3b | KSh770.4b | KSh212.8b | 3.6x | 3.4x | 1x |
| Thu, 25 Apr 2024 | KSh712.4b | KSh764.3b | KSh203.4b | 3.8x | 3.5x | 0.9x |
| Sat, 23 Mar 2024 | KSh736.5b | KSh746.3b | KSh203.8b | 3.9x | 3.6x | 1x |
| Mon, 19 Feb 2024 | KSh634.7b | KSh741.8b | KSh202.6b | 3.5x | 3.1x | 0.9x |
| Wed, 17 Jan 2024 | KSh620.9b | KSh744.3b | KSh203.5b | 3.7x | 3.1x | 0.8x |
| Fri, 15 Dec 2023 | KSh614.8b | KSh746.6b | KSh203.2b | 3.7x | 3x | 0.8x |
| Sun, 12 Nov 2023 | KSh587.7b | KSh725.6b | KSh198.3b | 3.5x | 3x | 0.8x |
| Tue, 10 Oct 2023 | KSh627.6b | KSh725.3b | KSh198.2b | 3.7x | 3.2x | 0.9x |
| Thu, 07 Sep 2023 | KSh651.0b | KSh721.4b | KSh194.7b | 3.8x | 3.3x | 0.9x |
| Sat, 05 Aug 2023 | KSh688.0b | KSh711.5b | KSh198.8b | 4.2x | 3.5x | 1x |
| Mon, 03 Jul 2023 | KSh667.5b | KSh712.4b | KSh198.8b | 4.1x | 3.4x | 0.9x |
Price to Earnings Ratio
3.4x
Current Industry PE
- Investors are optimistic on the Kenyan Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 5.4x which is higher than its 3-year average PE of 3.9x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 16% per year over the last three years.
- Revenues for these companies have grown 10% 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 Kenyan Financials sector?
| KE Market | 2.43% | |
| Financials | 2.66% | |
| Capital Markets | 4.00% | |
| Banks | 2.76% | |
| Insurance | 0.88% | |
| Mortgage Finance | 0% | 0 |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 3.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.8x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 11% over the next 5 years.
- However this is lower than its past earnings growth rate of 22% per year.
- In contrast, the Banks industry is expected to see its earnings grow by 11% 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 | |
|---|---|---|---|---|---|
| ABSA Absa Bank Kenya | KSh32.50 | 5.7% +KSh9.5b | 71.5% | PB1.7x | |
| KCB KCB Group | KSh76.00 | 3.8% +KSh8.8b | 63.4% | PB0.7x | |
| COOP Co-operative Bank of Kenya | KSh34.50 | 3.6% +KSh7.0b | 98.8% | PB1.2x | |
| IMH I&M Group | KSh65.75 | 6.5% +KSh7.0b | 85.0% | PB0.9x | |
| NCBA NCBA Group | KSh91.75 | 1.9% +KSh2.9b | 56.2% | PB1.1x |