Narrative Update • May 07
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Dutch (AEX) Banks Industry Analysis
UpdatedMay 22, 2026
DataAggregated Company Financials
Companies3
- 7D1.0%
- 3M6.8%
- 1Y39.8%
- YTD7.7%
Over the last 7 days, the Banks industry has risen 2.4%, driven by gains from every company within the industry. In the last 12 months, the industry was up 38%. As for the next few years, earnings are expected to grow by 2.7% 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 |
|---|---|---|---|---|---|---|
| Fri, 22 May 2026 | €102.7b | €33.8b | €10.5b | 10.9x | 9.8x | 3x |
| Sun, 19 Apr 2026 | €96.3b | €33.5b | €10.3b | 10.4x | 9.3x | 2.9x |
| Tue, 17 Mar 2026 | €87.6b | €33.6b | €10.3b | 9.4x | 8.5x | 2.6x |
| Thu, 12 Feb 2026 | €98.7b | €30.9b | €8.4b | 11.7x | 11.7x | 3.2x |
| Sat, 10 Jan 2026 | €96.2b | €29.2b | €7.1b | 12.9x | 13.5x | 3.3x |
| Mon, 08 Dec 2025 | €90.4b | €29.2b | €7.1b | 12.3x | 12.7x | 3.1x |
| Wed, 05 Nov 2025 | €86.4b | €29.3b | €7.1b | 11.5x | 12.1x | 3x |
| Fri, 03 Oct 2025 | €84.7b | €28.8b | €6.9b | 11.7x | 12.2x | 2.9x |
| Sun, 31 Aug 2025 | €78.6b | €28.8b | €6.9b | 10.8x | 11.4x | 2.7x |
| Tue, 29 Jul 2025 | €78.6b | €29.3b | €7.4b | 10.3x | 10.6x | 2.7x |
| Thu, 26 Jun 2025 | €74.3b | €29.3b | €7.4b | 9.6x | 10.1x | 2.5x |
| Sat, 24 May 2025 | €74.5b | €28.9b | €7.4b | 9.6x | 10.1x | 2.6x |
| Mon, 21 Apr 2025 | €65.3b | €28.9b | €7.6b | 8x | 8.6x | 2.3x |
| Wed, 19 Mar 2025 | €74.0b | €28.9b | €7.6b | 9x | 9.7x | 2.6x |
| Fri, 14 Feb 2025 | €64.0b | €30.2b | €8.9b | 6.8x | 7.2x | 2.1x |
| Sun, 12 Jan 2025 | €59.5b | €26.0b | €6.1b | 9x | 9.7x | 2.3x |
| Tue, 10 Dec 2024 | €59.8b | €26.0b | €6.1b | 9x | 9.8x | 2.3x |
| Thu, 07 Nov 2024 | €60.4b | €25.9b | €6.2b | 9x | 9.8x | 2.3x |
| Sat, 05 Oct 2024 | €63.6b | €28.3b | €7.9b | 7.3x | 8x | 2.2x |
| Mon, 02 Sep 2024 | €65.0b | €28.3b | €7.9b | 7.4x | 8.2x | 2.3x |
| Wed, 31 Jul 2024 | €68.7b | €26.4b | €6.9b | 9.1x | 10x | 2.6x |
| Fri, 28 Jun 2024 | €65.1b | €26.4b | €6.9b | 8.7x | 9.5x | 2.5x |
| Sun, 26 May 2024 | €66.9b | €26.4b | €6.9b | 8.9x | 9.7x | 2.5x |
| Tue, 23 Apr 2024 | €63.4b | €26.4b | €6.7b | 8.6x | 9.4x | 2.4x |
| Thu, 21 Mar 2024 | €60.4b | €26.4b | €6.7b | 8.2x | 9x | 2.3x |
| Sat, 17 Feb 2024 | €53.9b | €30.8b | €10.0b | 5.2x | 5.4x | 1.7x |
| Mon, 15 Jan 2024 | €54.8b | €42.5b | €17.7b | 3.8x | 3.1x | 1.3x |
| Wed, 13 Dec 2023 | €58.0b | €42.5b | €17.7b | 3.9x | 3.3x | 1.4x |
| Fri, 10 Nov 2023 | €53.1b | €42.5b | €17.7b | 3.5x | 3x | 1.2x |
| Sun, 08 Oct 2023 | €56.3b | €31.4b | €10.0b | 5.4x | 5.6x | 1.8x |
| Tue, 05 Sep 2023 | €57.5b | €31.4b | €10.0b | 5.5x | 5.8x | 1.8x |
| Thu, 03 Aug 2023 | €60.2b | €39.4b | €15.3b | 5.1x | 3.9x | 1.5x |
| Sat, 01 Jul 2023 | €56.8b | €39.4b | €15.3b | 4.7x | 3.7x | 1.4x |
| Mon, 29 May 2023 | €56.4b | €39.4b | €15.3b | 4.8x | 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 | 0.52% | |
| Financials | 1.01% | |
| Banks | 0.97% | |
| Diversified Banks | 0.97% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 8.5x.
- Analysts are expecting annual earnings growth of 2.7%, 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 8.5x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 2.7% over the next 5 years.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 2.7% 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 | €26.15 | 0.8% +€529.0m | 37.6% | PB1.5x | |
| ABN ABN AMRO Bank | €33.39 | 1.5% +€376.0m | 46.4% | PB1x | |
| TRIO Triodos Bank | €28.90 | 1.6% +€6.5m | n/a | PB0.4x |