Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

New Zealand (NZX) Financials Sector Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies7
  • 7D-1.9%
  • 3M-7.2%
  • 1Y-2.0%
  • YTD-1.8%

Over the last 7 days, the Financials industry has dropped 1.9%, driven by Infratil declining 2.1%. As for the longer term, the industry's performance has been flat for the past year. In the next few years, earnings are forecast to decline by 6.2% annually.

Sector Valuation and Performance

Has the New Zealand Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026NZ$13.8bNZ$5.4bNZ$426.3m28.2x32.3x2.6x
Sun, 14 Dec 2025NZ$13.8bNZ$5.4bNZ$426.3m27x32.4x2.6x
Tue, 11 Nov 2025NZ$14.8bNZ$4.9b-NZ$137,919,436.0026.2x-107.3x3.1x
Thu, 09 Oct 2025NZ$14.8bNZ$5.0b-NZ$138,642,436.0025.5x-106.5x3x
Sat, 06 Sep 2025NZ$14.3bNZ$5.0b-NZ$138,642,436.0023x-103.2x2.9x
Mon, 04 Aug 2025NZ$13.7bNZ$5.0b-NZ$94,934,436.008.5x-144.8x2.8x
Wed, 02 Jul 2025NZ$12.6bNZ$5.0b-NZ$94,934,436.009.7x-133x2.5x
Fri, 30 May 2025NZ$12.5bNZ$5.0b-NZ$94,651,442.0013.2x-131.6x2.5x
Sun, 27 Apr 2025NZ$12.1bNZ$4.7b-NZ$326,576,442.0017.8x-37.2x2.6x
Tue, 25 Mar 2025NZ$12.7bNZ$4.7b-NZ$326,576,442.0018.3x-38.7x2.7x
Thu, 20 Feb 2025NZ$13.1bNZ$4.7b-NZ$294,114,442.0011.6x-44.5x2.8x
Sat, 18 Jan 2025NZ$13.8bNZ$4.7b-NZ$294,114,442.0012.7x-46.8x2.9x
Mon, 16 Dec 2024NZ$14.0bNZ$4.7b-NZ$294,114,442.0012.2x-47.4x3x
Wed, 13 Nov 2024NZ$14.3bNZ$4.2bNZ$1.0b13.9x13.8x3.4x
Fri, 11 Oct 2024NZ$14.2bNZ$4.2bNZ$1.0b13.7x13.8x3.3x
Sun, 08 Sep 2024NZ$14.0bNZ$4.2bNZ$1.0b13.5x13.6x3.3x
Tue, 06 Aug 2024NZ$12.4bNZ$4.3bNZ$1.0b11.9x11.9x2.9x
Thu, 04 Jul 2024NZ$2.3bNZ$1.1bNZ$189.7m10.6x12.1x2.2x
Sat, 01 Jun 2024NZ$2.3bNZ$1.0bNZ$191.3m10.8x12.2x2.3x
Mon, 29 Apr 2024NZ$2.4bNZ$964.7mNZ$158.1m11.6x15.2x2.5x
Wed, 27 Mar 2024NZ$2.1bNZ$964.7mNZ$158.1m10.2x13.2x2.2x
Fri, 23 Feb 2024NZ$2.1bNZ$951.6mNZ$147.6m12.9x14.5x2.3x
Sun, 21 Jan 2024NZ$3.8bNZ$1.3bNZ$184.4m18.8x20.9x3x
Tue, 19 Dec 2023NZ$3.9bNZ$1.3bNZ$184.4m19.1x21.1x3x
Thu, 16 Nov 2023NZ$4.0bNZ$1.3bNZ$191.3m19.1x21x3.2x
Sat, 14 Oct 2023NZ$4.1bNZ$1.3bNZ$191.3m18.6x21.2x3.2x
Mon, 11 Sep 2023NZ$4.1bNZ$1.3bNZ$191.3m21.1x21.3x3.2x
Wed, 09 Aug 2023NZ$3.9bNZ$1.2bNZ$168.5m27.4x23.3x3.2x
Fri, 07 Jul 2023NZ$4.0bNZ$1.2bNZ$168.5m27.1x23.5x3.2x
Sun, 04 Jun 2023NZ$3.8bNZ$1.2bNZ$170.4m25.5x22.3x3.1x
Tue, 02 May 2023NZ$3.8bNZ$1.2bNZ$178.1m13.7x21.2x3.2x
Thu, 30 Mar 2023NZ$3.6bNZ$1.2bNZ$177.7m13.2x20.5x3.1x
Sat, 25 Feb 2023NZ$1.9bNZ$762.5mNZ$133.8m13x14x2.5x
Mon, 23 Jan 2023NZ$2.0bNZ$758.5mNZ$134.4m13.6x15.1x2.7x
Price to Earnings Ratio

15.1x


Total Market Cap: NZ$2.0bTotal Earnings: NZ$134.4mTotal Revenue: NZ$758.5mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Financials Sector Price to Earnings3Y Average -14x202420252026
Current Industry PE
  • Investors are optimistic on the New Zealander Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 32.3x which is higher than its 3-year average PE of -14.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 47% per year over the last three years.
  • Revenues for these companies have grown 92% 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 New Zealand Financials sector?

NZ Market-0.39%
Financials-1.86%
Banks0.42%
Capital Markets0.25%
Mortgage Finance0%0
Consumer Finance0%0
Diversified Financial-2.09%
Insurance-3.85%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 18.8x.
    • Analysts are expecting annual earnings growth of 11.9%, which is higher than its past year's earnings decline of 58.3% per year.
  • Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 29.9x.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 48% per year.
  • In contrast, the Diversified Financial industry is expected to see its earnings decline by 9.9% 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
HGH Heartland Group HoldingsNZ$1.212.1%
+NZ$23.6m		19.3%PB0.9x
GEN General CapitalNZ$0.291.7%
+NZ$459.1k		22.9%PE12x
MLN Marlin GlobalNZ$0.940.1%
+NZ$227.3k		-3.8%PE647.5x

Latest News

TWR
NZ$2.00
Tower
7D
-4.3%
1Y
41.7%
BAI
NZ$0.037
Being AI
7D
-9.8%
1Y
-87.7%
GEN
NZ$0.29
General Capital
7D
1.7%
1Y
22.9%
MLN
NZ$0.94
Marlin Global
7D
0.1%
1Y
-3.8%
RTO
NZ$0.15
RTO
7D
-2.5%
1Y
-19.3%
HGH
NZ$1.21
Heartland Group Holdings
7D
2.1%
1Y
19.3%
NZX
NZ$1.53
NZX
7D
-0.6%
1Y
5.5%