Sri Lankan (CSE) Banks Industry Analysis

Industry Valuation and Performance

Has the Sri Lankan Banks Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 27 Jun 2026	LK₨1.1t	LK₨718.6b	LK₨204.0b	5.6x	5.3x	1.5x
Mon, 25 May 2026	LK₨1.1t	LK₨718.6b	LK₨204.0b	5.7x	5.2x	1.5x
Wed, 22 Apr 2026	LK₨1.1t	LK₨702.8b	LK₨202.7b	5.8x	5.4x	1.6x
Fri, 20 Mar 2026	LK₨1.0t	LK₨702.4b	LK₨202.6b	5.2x	5.1x	1.5x
Sun, 15 Feb 2026	LK₨1.2t	LK₨783.2b	LK₨221.9b	5.8x	5.4x	1.5x
Tue, 13 Jan 2026	LK₨1.2t	LK₨783.2b	LK₨221.9b	5.8x	5.2x	1.5x
Thu, 11 Dec 2025	LK₨1.1t	LK₨783.2b	LK₨221.9b	5.5x	4.9x	1.4x
Sat, 08 Nov 2025	LK₨1.1t	LK₨749.6b	LK₨207.9b	6x	5.4x	1.5x
Mon, 06 Oct 2025	LK₨1.1t	LK₨747.2b	LK₨207.4b	5.9x	5.2x	1.4x
Wed, 03 Sep 2025	LK₨1.0t	LK₨747.2b	LK₨207.4b	5.7x	5x	1.4x
Fri, 01 Aug 2025	LK₨959.1b	LK₨717.3b	LK₨194.7b	5.6x	4.9x	1.3x
Sun, 29 Jun 2025	LK₨860.6b	LK₨717.3b	LK₨194.7b	4.7x	4.4x	1.2x
Tue, 27 May 2025	LK₨778.5b	LK₨717.3b	LK₨194.7b	4.2x	4x	1.1x
Thu, 24 Apr 2025	LK₨757.9b	LK₨681.1b	LK₨179.7b	4.5x	4.2x	1.1x
Sat, 22 Mar 2025	LK₨807.1b	LK₨681.1b	LK₨179.7b	4.9x	4.5x	1.2x
Mon, 17 Feb 2025	LK₨837.4b	LK₨516.2b	LK₨132.0b	6.6x	6.3x	1.6x
Wed, 15 Jan 2025	LK₨783.7b	LK₨516.2b	LK₨132.0b	6.3x	5.9x	1.5x
Fri, 13 Dec 2024	LK₨676.2b	LK₨516.2b	LK₨132.0b	5.3x	5.1x	1.3x
Sun, 10 Nov 2024	LK₨576.7b	LK₨495.7b	LK₨127.5b	4.8x	4.5x	1.2x
Tue, 08 Oct 2024	LK₨549.0b	LK₨493.7b	LK₨126.5b	4.7x	4.3x	1.1x
Thu, 05 Sep 2024	LK₨444.6b	LK₨493.7b	LK₨126.5b	3.8x	3.5x	0.9x
Sat, 03 Aug 2024	LK₨479.3b	LK₨455.0b	LK₨110.7b	4.7x	4.3x	1.1x
Mon, 01 Jul 2024	LK₨526.5b	LK₨452.3b	LK₨109.9b	5.2x	4.8x	1.2x
Wed, 29 May 2024	LK₨527.4b	LK₨452.3b	LK₨109.9b	5.3x	4.8x	1.2x
Fri, 26 Apr 2024	LK₨527.8b	LK₨423.6b	LK₨98.5b	5.6x	5.4x	1.2x
Sun, 24 Mar 2024	LK₨463.5b	LK₨423.6b	LK₨98.5b	4.9x	4.7x	1.1x
Tue, 20 Feb 2024	LK₨448.2b	LK₨409.0b	LK₨103.8b	4.4x	4.3x	1.1x
Thu, 18 Jan 2024	LK₨435.0b	LK₨394.6b	LK₨104.9b	4.1x	4.1x	1.1x
Sat, 16 Dec 2023	LK₨447.4b	LK₨390.6b	LK₨104.1b	4.1x	4.3x	1.1x
Mon, 13 Nov 2023	LK₨438.6b	LK₨349.1b	LK₨90.0b	4.9x	4.9x	1.3x
Wed, 11 Oct 2023	LK₨423.2b	LK₨341.9b	LK₨86.3b	5.3x	4.9x	1.2x
Fri, 08 Sep 2023	LK₨468.2b	LK₨341.9b	LK₨86.3b	5.9x	5.4x	1.4x
Sun, 06 Aug 2023	LK₨499.2b	LK₨298.6b	LK₨70.7b	7.8x	7.1x	1.7x
Tue, 04 Jul 2023	LK₨337.1b	LK₨297.4b	LK₨70.1b	4.9x	4.8x	1.1x

Current Industry PE

Investors are relatively neutral on the Sri Lankan 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 4.9x.

The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.5x.

Past Earnings Growth

The earnings for companies in the Banks industry have grown 43% per year over the last three years.
Revenues for these companies have grown 34% 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 Sri Lankan Financials industry?


LK Market	0.15%
Financials	-0.27%
Banks	0.08%
Diversified Banks	0.08%
Regional Banks	0%	0

Industry PE

Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 4.9x.

Analysts are expecting annual earnings growth of 10.2%, which is lower than the prior year's growth of 15.8% per year.

Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 4.9x.

Forecasted Growth

Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 10% over the next 5 years.
However this is lower than its past earnings growth rate of 16% per year.

In contrast, the Diversified Banks industry is expected to see its earnings grow by 10% 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
NDB.N0000 National Development Bank	LK₨113.75	3.6% +LK₨1.7b	-4.2%	PB0.6x
HNB.N0000 Hatton National Bank	LK₨403.00	0.6% +LK₨1.4b	21.6%	PB0.8x
DFCC.N0000 DFCC Bank	LK₨135.00	1.3% +LK₨788.8m	19.9%	PB0.6x
PABC.N0000 Pan Asia Banking	LK₨54.20	0.4% +LK₨88.5m	20.7%	PB0.8x

Hatton National Bank plc Announces Appointment of Pothpitiyage Champika Dodanwela as Independent / Non Executive Director, Effective June 18, 2026

Hatton National Bank PLC announced that Central Bank of Sri Lanka, the Board of Directors appointed Mrs. Pothpitiyage Champika Dodanwela, as an Independent /Non Executive Director of Hatton National Bank PLC with effect from 18th June 2026. Mrs. Champika Dodanwela commenced her career at Sampath Bank in 1989 and thereafter joined Seylan Bank PLC and ended her career as the Chief Financial Officer, serving over 32 years heading different roles. She also played a pivotal role as the Acting Chief Financial Officer of Seylan Development PLC as a special assignment offered by the bank building financial stability, resilience and governance. Currently she is attached to a Foreign based Entity covering an advisory role of investments finance, compliance, governance, risk management etc. She has over 35 years of extensive experience in Banking, covering Integrated financial management, reporting and compliance, Statutory Compliance, Taxation, Treasury Back Office, Performance Management, Execution and Implementation Strategic Planning, Project Management Business Intelligence (BI) and Sustainability Governance. With extensive experience and a proven record of accomplishment, operating at different levels including Chief Financial Officer nearly nine years in the industry, she demonstrated a strong strategic leadership for the future direction of organizations, ensuring financial resilience, supporting innovation, sustainability governance capability building, change management and new ways of working. She holds Master of Business Administration (University of Colombol, BSc Applied Accounting (Oxford Brooke - UK) and BSc Management - University of Sri Jayewardenepura. She is a Fellow Member of ACCA - UK, Associate Member of Chartered Accountants of Sri Lanka, Associate Member of Certified Management Accountants Sri Lanka and a Fellow Member of Institute of Bankers - Sri Lanka, Mrs. Dodanwela was Director to Seylan Development Plc, Transactional Lanka Record Solution (pvt) Limited and Transactional Lanka (pvt) Ltd. representing Bank's shareholdings. She has also won "Zonta Awards" for the women contribution to the banking sector in 2014 & "Women of the Year in Finance" - American Biographical Institution in 2008.

Sri Lankan (CSE) Banks Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Hatton National Bank plc Announces Appointment of Pothpitiyage Champika Dodanwela as Independent / Non Executive Director, Effective June 18, 2026

SANASA Development Bank PLC Reconstitutes Board Subcommittees Effective 19 June 2026

Seylan Bank PLC (COSE:SEYB.N0000) and Phantom Investments (Private) Limited acquired an additional 5.82% stake in HNB Finance PLC (COSE:HNBF.N0000) from Prime Lands (Pvt) Ltd. for LKR 880 million.

First quarter 2026 earnings released: EPS: LK₨0.91 (vs LK₨0.79 in 1Q 2025)

First quarter 2026 earnings released: EPS: LK₨10.73 (vs LK₨8.99 in 1Q 2025)

First quarter 2026 earnings released: EPS: LK₨2.37 (vs LK₨2.30 in 1Q 2025)

First quarter 2026 earnings released: EPS: LK₨13.72 (vs LK₨12.24 in 1Q 2025)

First quarter 2026 earnings released: EPS: LK₨5.82 (vs LK₨7.61 in 1Q 2025)

First quarter 2026 earnings released: EPS: LK₨4.02 (vs LK₨6.34 in 1Q 2025)

First quarter 2026 earnings released: EPS: LK₨3.71 (vs LK₨4.73 in 1Q 2025)

First quarter 2026 earnings released: EPS: LK₨0.11 (vs LK₨0.04 in 1Q 2025)