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Kenyan (NSE) Financials Sector Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies19
  • 7D4.1%
  • 3M9.7%
  • 1Y45.0%
  • YTD37.1%

Over the last 7 days, the Financials industry has risen 4.1%, driven by gains from Equity Group Holdings of 8.7%. This means that the industry has gained 45% over the past year. Earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

Has the Kenyan Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025KSh1.3tKSh886.0bKSh278.7b4.7x4.6x1.5x
Sat, 22 Nov 2025KSh1.3tKSh884.7bKSh283.0b4.9x4.6x1.5x
Mon, 20 Oct 2025KSh1.2tKSh867.6bKSh271.9b4.7x4.5x1.4x
Wed, 17 Sep 2025KSh1.2tKSh867.7bKSh271.9b4.7x4.3x1.4x
Fri, 15 Aug 2025KSh1.1tKSh853.6bKSh265.2b4.2x4.2x1.3x
Sun, 13 Jul 2025KSh1.0tKSh851.3bKSh262.0b4x4x1.2x
Tue, 10 Jun 2025KSh936.0bKSh850.8bKSh261.5b3.6x3.6x1.1x
Thu, 08 May 2025KSh893.4bKSh868.7bKSh262.2b3.3x3.4x1x
Sat, 05 Apr 2025KSh942.1bKSh860.1bKSh256.1b3.9x3.7x1.1x
Mon, 03 Mar 2025KSh973.4bKSh806.3bKSh242.9b4.1x4x1.2x
Wed, 29 Jan 2025KSh943.3bKSh806.5bKSh243.0b4x3.9x1.2x
Fri, 27 Dec 2024KSh883.6bKSh806.1bKSh242.6b3.7x3.6x1.1x
Sun, 24 Nov 2024KSh826.3bKSh803.5bKSh240.8b3.6x3.4x1x
Tue, 22 Oct 2024KSh819.8bKSh789.9bKSh236.0b3.7x3.5x1x
Thu, 19 Sep 2024KSh749.3bKSh790.1bKSh235.7b3.5x3.2x0.9x
Sat, 17 Aug 2024KSh711.6bKSh765.7bKSh224.1b3.6x3.2x0.9x
Mon, 15 Jul 2024KSh742.2bKSh762.9bKSh218.3b3.6x3.4x1x
Wed, 12 Jun 2024KSh755.9bKSh775.3bKSh216.8b3.7x3.5x1x
Fri, 10 May 2024KSh697.2bKSh759.6bKSh203.0b3.8x3.4x0.9x
Sun, 07 Apr 2024KSh775.6bKSh758.8bKSh202.9b4.1x3.8x1x
Tue, 05 Mar 2024KSh659.4bKSh741.8bKSh202.6b3.6x3.3x0.9x
Thu, 01 Feb 2024KSh635.2bKSh744.4bKSh203.5b3.5x3.1x0.9x
Sat, 30 Dec 2023KSh617.3bKSh747.0bKSh203.3b3.7x3x0.8x
Mon, 27 Nov 2023KSh628.3bKSh731.6bKSh198.5b3.8x3.2x0.9x
Wed, 25 Oct 2023KSh628.6bKSh725.4bKSh198.3b3.9x3.2x0.9x
Fri, 22 Sep 2023KSh637.5bKSh725.4bKSh198.2b3.9x3.2x0.9x
Sun, 20 Aug 2023KSh662.0bKSh714.8bKSh195.1b4.1x3.4x0.9x
Tue, 18 Jul 2023KSh707.0bKSh712.4bKSh198.8b4.2x3.6x1x
Thu, 15 Jun 2023KSh669.6bKSh712.6bKSh194.6b4.4x3.4x0.9x
Sat, 13 May 2023KSh650.2bKSh692.7bKSh190.6b3.8x3.4x0.9x
Mon, 10 Apr 2023KSh736.1bKSh685.1bKSh186.5b4.3x3.9x1.1x
Wed, 08 Mar 2023KSh727.6bKSh647.6bKSh185.2b3.8x3.9x1.1x
Fri, 03 Feb 2023KSh714.6bKSh645.3bKSh184.4b4.3x3.9x1.1x
Sun, 01 Jan 2023KSh709.8bKSh647.9bKSh186.2b4.7x3.8x1.1x
Price to Earnings Ratio

3.8x


Total Market Cap: KSh709.8bTotal Earnings: KSh186.2bTotal Revenue: KSh647.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Kenyan Financials Sector Price to Earnings3Y Average 3.6x202320242025
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 4.6x which is higher than its 3-year average PE of 3.6x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 11% 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 Market2.44%
Financials4.14%
Capital Markets6.17%
Banks4.27%
Insurance1.96%
Mortgage Finance0%0
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 0.48x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.4x.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Banks industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
EQTY Equity Group HoldingsKSh65.758.7%
+KSh19.8b		42.9%PB0.9x
COOP Co-operative Bank of KenyaKSh23.704.4%
+KSh5.9b		51.0%PB0.8x
SCBK Standard Chartered Bank KenyaKSh300.003.9%
+KSh4.3b		6.9%PB1.7x
ABSA Absa Bank KenyaKSh23.002.9%
+KSh3.5b		33.7%PB1.3x
BKG BK GroupKSh42.005.3%
+KSh2.0b		24.4%PB0.9x

Latest News

BKG
KSh42.00
BK Group
7D
5.3%
1Y
24.4%
KCB
KSh62.50
KCB Group
7D
0.8%
1Y
58.0%

KCB: Elevated Credit Costs Will Likely Pressure Future Earnings Quality

Analysts have raised their fair value estimate for KCB Group to KES 50.75 from KES 44.00 per share, citing improving revenue growth expectations, stronger projected profit margins, and a structurally lower future P/E multiple. Together, these factors support a higher long term price target despite a slightly higher discount rate.
IMH
KSh42.40
I&M Group
7D
-3.3%
1Y
29.1%
NCBA
KSh83.00
NCBA Group
7D
-2.1%
1Y
75.1%
HFCK
KSh10.00
HF Group
7D
3.5%
1Y
131.5%
SCBK
KSh300.00
Standard Chartered Bank Kenya
7D
3.9%
1Y
6.9%
COOP
KSh23.70
Co-operative Bank of Kenya
7D
4.4%
1Y
51.0%
ABSA
KSh23.00
Absa Bank Kenya
7D
2.9%
1Y
33.7%
EQTY
KSh65.75
Equity Group Holdings
7D
8.7%
1Y
42.9%
SBIC
KSh197.25
Stanbic Holdings
7D
1.2%
1Y
40.9%