Narrative Update • Jun 18
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Dutch (AEX) Banks Industry Analysis
UpdatedJun 23, 2026
DataAggregated Company Financials
Companies3
- 7D7.5%
- 3M32.9%
- 1Y60.4%
- YTD18.1%
In the last week, the Banks industry is up 8.0%, with ING Groep up 7.0%. This takes the industry's 12 month performance to a gain of 59%. Earnings are forecast to grow by 4.4% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 23 Jun 2026 | €112.4b | €33.8b | €10.5b | 12.2x | 10.7x | 3.3x |
| Thu, 21 May 2026 | €101.7b | €33.8b | €10.5b | 10.8x | 9.7x | 3x |
| Sat, 18 Apr 2026 | €96.4b | €33.5b | €10.3b | 10.4x | 9.3x | 2.9x |
| Mon, 16 Mar 2026 | €87.6b | €33.6b | €10.3b | 9.4x | 8.5x | 2.6x |
| Wed, 11 Feb 2026 | €100.7b | €30.9b | €8.4b | 11.9x | 11.9x | 3.3x |
| Fri, 09 Jan 2026 | €95.0b | €29.2b | €7.1b | 12.8x | 13.4x | 3.3x |
| Sun, 07 Dec 2025 | €90.4b | €29.2b | €7.1b | 12.3x | 12.7x | 3.1x |
| Tue, 04 Nov 2025 | €85.9b | €29.3b | €7.1b | 11.4x | 12x | 2.9x |
| Thu, 02 Oct 2025 | €85.7b | €28.8b | €6.9b | 11.8x | 12.4x | 3x |
| Sat, 30 Aug 2025 | €78.6b | €28.8b | €6.9b | 10.8x | 11.4x | 2.7x |
| Mon, 28 Jul 2025 | €78.7b | €29.3b | €7.4b | 10.3x | 10.7x | 2.7x |
| Wed, 25 Jun 2025 | €74.7b | €29.3b | €7.4b | 9.7x | 10.1x | 2.5x |
| Fri, 23 May 2025 | €76.2b | €28.9b | €7.4b | 9.9x | 10.3x | 2.6x |
| Sun, 20 Apr 2025 | €65.3b | €28.9b | €7.6b | 8x | 8.6x | 2.3x |
| Tue, 18 Mar 2025 | €73.2b | €28.9b | €7.6b | 8.9x | 9.6x | 2.5x |
| Thu, 13 Feb 2025 | €64.7b | €30.2b | €8.9b | 6.9x | 7.3x | 2.1x |
| Sat, 11 Jan 2025 | €59.8b | €26.0b | €6.1b | 9x | 9.8x | 2.3x |
| Mon, 09 Dec 2024 | €59.5b | €26.0b | €6.1b | 9x | 9.7x | 2.3x |
| Wed, 06 Nov 2024 | €62.0b | €25.9b | €6.2b | 9.3x | 10x | 2.4x |
| Fri, 04 Oct 2024 | €63.0b | €28.3b | €7.9b | 7.2x | 8x | 2.2x |
| Sun, 01 Sep 2024 | €65.0b | €28.3b | €7.9b | 7.4x | 8.2x | 2.3x |
| Tue, 30 Jul 2024 | €68.9b | €26.4b | €6.9b | 9.2x | 10x | 2.6x |
| Thu, 27 Jun 2024 | €64.8b | €26.4b | €6.9b | 8.6x | 9.4x | 2.5x |
| Sat, 25 May 2024 | €66.9b | €26.4b | €6.9b | 8.9x | 9.7x | 2.5x |
| Mon, 22 Apr 2024 | €63.4b | €26.4b | €6.7b | 8.6x | 9.4x | 2.4x |
| Wed, 20 Mar 2024 | €61.1b | €26.4b | €6.7b | 8.3x | 9.1x | 2.3x |
| Fri, 16 Feb 2024 | €53.5b | €30.5b | €9.7b | 5.4x | 5.5x | 1.8x |
| Sun, 14 Jan 2024 | €54.8b | €42.5b | €17.7b | 3.8x | 3.1x | 1.3x |
| Tue, 12 Dec 2023 | €57.9b | €42.5b | €17.7b | 3.9x | 3.3x | 1.4x |
| Thu, 09 Nov 2023 | €52.9b | €42.5b | €17.7b | 3.5x | 3x | 1.2x |
| Sat, 07 Oct 2023 | €56.3b | €31.4b | €10.0b | 5.4x | 5.6x | 1.8x |
| Mon, 04 Sep 2023 | €57.8b | €31.4b | €10.0b | 5.5x | 5.8x | 1.8x |
| Wed, 02 Aug 2023 | €60.9b | €39.4b | €15.3b | 5.1x | 4x | 1.5x |
| Fri, 30 Jun 2023 | €56.2b | €39.4b | €15.3b | 4.7x | 3.7x | 1.4x |
Price to Earnings Ratio
3.7x
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 | 1.09% | |
| Financials | 3.40% | |
| Banks | 7.50% | |
| Diversified Banks | 7.50% | |
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 | €27.92 | 4.0% +€3.0b | 51.9% | PB1.6x | |
| ABN ABN AMRO Bank | €37.76 | 4.3% +€1.3b | 63.3% | PB1.1x |