Narrative Update • Jun 18
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Dutch (AEX) Banks Industry Analysis
UpdatedJun 20, 2026
DataAggregated Company Financials
Companies3
- 7D8.0%
- 3M31.3%
- 1Y58.7%
- YTD16.9%
Over the last 7 days, the Banks industry has risen 8.0%, driven by gains from ING Groep of 7.7%. This takes the industry's 12 month performance to a gain of 59%. As for the next few years, earnings are expected to grow by 4.4% per annum.
Industry Valuation and Performance
Has the Dutch Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 20 Jun 2026 | €111.3b | €33.8b | €10.5b | 12.1x | 10.6x | 3.3x |
| Mon, 18 May 2026 | €99.9b | €33.8b | €10.5b | 10.6x | 9.5x | 3x |
| Wed, 15 Apr 2026 | €97.0b | €33.5b | €10.3b | 10.4x | 9.4x | 2.9x |
| Fri, 13 Mar 2026 | €89.0b | €33.6b | €10.3b | 9.5x | 8.6x | 2.6x |
| Sun, 08 Feb 2026 | €99.5b | €30.9b | €8.4b | 11.9x | 11.8x | 3.2x |
| Tue, 06 Jan 2026 | €97.4b | €29.2b | €7.1b | 13.1x | 13.7x | 3.3x |
| Thu, 04 Dec 2025 | €90.1b | €29.2b | €7.1b | 12.2x | 12.7x | 3.1x |
| Sat, 01 Nov 2025 | €85.1b | €29.3b | €7.1b | 11.3x | 11.9x | 2.9x |
| Mon, 29 Sep 2025 | €85.5b | €28.8b | €6.9b | 11.8x | 12.4x | 3x |
| Wed, 27 Aug 2025 | €80.7b | €28.8b | €6.9b | 11.1x | 11.7x | 2.8x |
| Fri, 25 Jul 2025 | €78.8b | €29.3b | €7.4b | 10.3x | 10.7x | 2.7x |
| Sun, 22 Jun 2025 | €72.9b | €29.3b | €7.4b | 9.5x | 9.9x | 2.5x |
| Tue, 20 May 2025 | €75.3b | €28.9b | €7.4b | 9.6x | 10.2x | 2.6x |
| Thu, 17 Apr 2025 | €65.6b | €28.9b | €7.6b | 8.1x | 8.6x | 2.3x |
| Sat, 15 Mar 2025 | €73.1b | €28.9b | €7.6b | 8.9x | 9.6x | 2.5x |
| Mon, 10 Feb 2025 | €62.8b | €30.2b | €8.9b | 6.6x | 7.1x | 2.1x |
| Wed, 08 Jan 2025 | €60.3b | €26.0b | €6.1b | 9.1x | 9.9x | 2.3x |
| Fri, 06 Dec 2024 | €59.9b | €26.0b | €6.1b | 9x | 9.8x | 2.3x |
| Sun, 03 Nov 2024 | €62.3b | €25.9b | €6.2b | 9.3x | 10.1x | 2.4x |
| Tue, 01 Oct 2024 | €65.0b | €28.3b | €7.9b | 7.4x | 8.2x | 2.3x |
| Thu, 29 Aug 2024 | €64.5b | €28.3b | €7.9b | 7.3x | 8.1x | 2.3x |
| Sat, 27 Jul 2024 | €69.4b | €26.4b | €6.9b | 9.2x | 10.1x | 2.6x |
| Mon, 24 Jun 2024 | €64.0b | €26.4b | €6.9b | 8.5x | 9.3x | 2.4x |
| Wed, 22 May 2024 | €67.8b | €26.4b | €6.9b | 9x | 9.9x | 2.6x |
| Fri, 19 Apr 2024 | €63.4b | €26.4b | €6.7b | 8.6x | 9.4x | 2.4x |
| Sun, 17 Mar 2024 | €59.4b | €26.4b | €6.7b | 8.1x | 8.8x | 2.2x |
| Tue, 13 Feb 2024 | €52.2b | €30.5b | €9.7b | 5.2x | 5.4x | 1.7x |
| Thu, 11 Jan 2024 | €54.9b | €42.5b | €17.7b | 3.8x | 3.1x | 1.3x |
| Sat, 09 Dec 2023 | €57.6b | €42.5b | €17.7b | 3.9x | 3.3x | 1.4x |
| Mon, 06 Nov 2023 | €54.2b | €42.5b | €17.7b | 3.8x | 3.1x | 1.3x |
| Wed, 04 Oct 2023 | €55.3b | €31.4b | €10.0b | 5.2x | 5.5x | 1.8x |
| Fri, 01 Sep 2023 | €58.0b | €31.4b | €10.0b | 5.5x | 5.8x | 1.8x |
| Sun, 30 Jul 2023 | €61.2b | €39.4b | €15.3b | 5.2x | 4x | 1.6x |
| Tue, 27 Jun 2023 | €54.7b | €39.4b | €15.3b | 4.6x | 3.6x | 1.4x |
Price to Earnings Ratio
3.6x
Current Industry PE
- There are only 3 companies in the Dutch Banks industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Banks industry have declined 12% per year over the last three years,
- Revenues have also declined 5.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Dutch Financials industry?
| NL Market | 1.00% | |
| Financials | 4.09% | |
| Banks | 8.01% | |
| Diversified Banks | 8.01% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 8.7x.
- Analysts are expecting annual earnings growth of 4.4%, which is lower than the prior year's growth of 29.3% per year.
- 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 8.7x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 4.4% over the next 5 years.
- However this is lower than its past earnings growth rate of 29% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 4.4% 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 | |
|---|---|---|---|---|---|
| INGA ING Groep | €27.96 | 7.7% +€5.7b | 57.6% | PB1.6x | |
| ABN ABN AMRO Bank | €37.78 | 9.0% +€2.5b | 63.9% | PB1.1x |