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South Korean (KOSPI) Banks Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies13
  • 7D5.3%
  • 3M5.7%
  • 1Y40.5%
  • YTD29.8%

Over the last 7 days, the Banks industry has risen 5.3%, driven by gains from Shinhan Financial Group of 9.2%. In the last 12 months, the industry was up 41%. Earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

Has the South Korean Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Aug 2026₩219.1t₩80.8t₩23.3t9.2x9.4x2.7x
Tue, 07 Jul 2026₩212.2t₩80.3t₩22.6t8.7x9.4x2.6x
Thu, 04 Jun 2026₩196.8t₩76.4t₩22.6t8.1x8.7x2.6x
Sat, 02 May 2026₩210.1t₩99.5t₩22.6t9x9.3x2.1x
Mon, 30 Mar 2026₩199.4t₩72.7t₩22.4t8.2x8.9x2.7x
Wed, 25 Feb 2026₩220.1t₩70.0t₩22.9t9.1x9.6x3.1x
Fri, 23 Jan 2026₩175.3t₩77.3t₩21.8t6.9x8.1x2.3x
Sun, 21 Dec 2025₩167.6t₩77.3t₩21.8t6.6x7.7x2.2x
Tue, 18 Nov 2025₩166.7t₩66.7t₩22.3t6.6x7.5x2.5x
Thu, 16 Oct 2025₩156.0t₩74.2t₩21.2t6.7x7.4x2.1x
Sat, 13 Sep 2025₩160.6t₩74.2t₩21.2t7.1x7.6x2.2x
Mon, 11 Aug 2025₩156.5t₩72.4t₩21.1t6.7x7.4x2.2x
Wed, 09 Jul 2025₩166.0t₩74.6t₩20.6t7.4x8.1x2.2x
Fri, 06 Jun 2025₩135.4t₩71.2t₩20.6t6.1x6.6x1.9x
Sun, 04 May 2025₩122.2t₩64.0t₩20.9t5.4x5.9x1.9x
Tue, 01 Apr 2025₩111.9t₩70.1t₩20.2t5.3x5.5x1.6x
Thu, 27 Feb 2025₩118.0t₩69.7t₩20.7t5.3x5.7x1.7x
Sat, 25 Jan 2025₩118.2t₩70.6t₩19.2t5.8x6.2x1.7x
Mon, 23 Dec 2024₩114.2t₩70.6t₩19.2t5x6x1.6x
Wed, 20 Nov 2024₩120.3t₩68.2t₩18.8t5.7x6.4x1.8x
Fri, 18 Oct 2024₩124.5t₩69.6t₩18.4t5.6x6.7x1.8x
Sun, 15 Sep 2024₩116.4t₩69.6t₩18.4t5.2x6.3x1.7x
Tue, 13 Aug 2024₩115.8t₩77.0t₩18.4t5.1x6.3x1.5x
Thu, 11 Jul 2024₩114.9t₩68.1t₩17.8t4.8x6.4x1.7x
Sat, 08 Jun 2024₩111.1t₩68.1t₩17.9t5x6.2x1.6x
Mon, 06 May 2024₩109.1t₩67.0t₩18.2t4.8x6x1.6x
Wed, 03 Apr 2024₩106.0t₩67.7t₩18.9t4.7x5.6x1.6x
Fri, 01 Mar 2024₩105.6t₩146.4t₩20.0t4.5x5.3x0.7x
Sun, 28 Jan 2024₩93.3t₩133.3t₩19.8t3.7x4.7x0.7x
Tue, 26 Dec 2023₩90.8t₩133.3t₩19.7t3.6x4.6x0.7x
Thu, 23 Nov 2023₩89.3t₩137.1t₩21.2t3.6x4.2x0.7x
Sat, 21 Oct 2023₩88.7t₩97.8t₩19.8t3.6x4.5x0.9x
Mon, 18 Sep 2023₩91.6t₩97.8t₩19.8t3.5x4.6x0.9x
Wed, 16 Aug 2023₩84.0t₩134.4t₩21.4t3.2x3.9x0.6x
Price to Earnings Ratio

3.9x


Total Market Cap: ₩84.0tTotal Earnings: ₩21.4tTotal Revenue: ₩134.4tTotal Market Cap vs Earnings and Revenue0%0%0%
South Korean Banks Industry Price to Earnings3Y Average 6.7x202420252026
Current Industry PE
  • Investors are optimistic on the South Korean Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 9.4x which is higher than its 3-year average PE of 6.7x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 2.9% per year over the last three years.
  • Meanwhile revenues for these companies have declined 16% 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 South Korean Financials industry?

KR Market-4.20%
Financials1.14%
Banks5.30%
Diversified Banks5.76%
Regional Banks0.67%
Industry PE
  • Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 8.4x.
    • Analysts expect its future annual earnings growth (11.0%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.5x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 7.0% 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
A055550 Shinhan Financial Group₩110.00k9.2%
+₩4.4t		59.0%PB0.9x
A105560 KB Financial Group₩175.80k4.3%
+₩2.6t		54.9%PB1x
A086790 Hana Financial Group₩134.70k7.4%
+₩2.5t		58.7%PB0.8x
A316140 Woori Financial Group₩34.80k3.6%
+₩877.2b		38.1%PB0.7x
A175330 JB Financial Group₩28.85k9.1%
+₩445.6b		30.8%PB0.9x

Latest News

A323410
₩22,000.00
KakaoBank
7D
-0.5%
1Y
-18.1%
Narrative Update • Aug 06

A323410: Adjusted Margins And P/E Assumptions Will Keep Shares Fairly Priced

The analyst price target for KakaoBank has been adjusted from ₩24,000 to ₩23,000 as analysts factor in updated assumptions for revenue growth, profit margins, the discount rate, and future P/E levels. What’s in the News for KakaoBank No recent KakaoBank specific news items or key developments were available from the provided sources as of 6 Aug 2026.
A055550
₩110,000.00
Shinhan Financial Group
7D
9.2%
1Y
59.0%
Narrative Update • Aug 04

A055550: Future Buybacks Will Support Stronger Shareholder Returns

Analysts have raised their fair value estimate and price target for Shinhan Financial Group to ₩130,100 from ₩121,370, citing updated assumptions for revenue growth, profit margins, and future P/E multiples, along with a modestly lower discount rate. What’s in the News for Shinhan Financial Group On July 23, 2026, the Board of Directors of Shinhan Financial Group authorized a new share buyback plan.
A138930
₩15,150.00
BNK Financial Group
7D
-0.1%
1Y
3.3%
A086790
₩134,700.00
Hana Financial Group
7D
7.4%
1Y
58.7%
Narrative Update • Aug 03

A086790: Ongoing Share Buybacks Will Support Higher Future Earnings Multiple

Analysts have revised their price target for Hana Financial Group to ₩180,000 from ₩176,106, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E that shift their view of the group's fair value. What’s in the News for Hana Financial Group Hana Financial Group announced a share repurchase program that allows the company to buy up to 1,915,708 shares.
A175330
₩28,850.00
JB Financial Group
7D
9.1%
1Y
30.8%
A316140
₩34,800.00
Woori Financial Group
7D
3.6%
1Y
38.1%
A139130
₩17,870.00
iM Financial Group
7D
5.4%
1Y
28.5%
A105560
₩175,800.00
KB Financial Group
7D
4.3%
1Y
54.9%
Narrative Update • Jul 27

A105560: Future Shareholder Returns Will Rise Through Buybacks And Higher Expected P/E

Analysts have revised their price target for KB Financial Group to ₩235,000 from ₩226,000, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E levels. What's in the News for KB Financial Group KB Financial Group announced a share repurchase program of up to ₩70,000 million under a contract with Samsung Securities, with the stated aim of returning cash to shareholders and acquiring treasury shares.
A024110
₩20,750.00
Industrial Bank of Korea
7D
0.5%
1Y
7.0%
A006220
₩9,200.00
Jeju Bank
7D
4.5%
1Y
-35.0%