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New Zealand (NZX) Financials Sector Analysis
UpdatedApr 16, 2026
DataAggregated Company Financials
Companies7
- 7D1.6%
- 3M5.3%
- 1Y17.7%
- YTD3.4%
In the last week, the Financials industry is up 2.8%, with Infratil up 1.9%. This means that the industry has gained 22% over the past year. As for the next few years, earnings are forecast to decline by 11% per annum.
Sector Valuation and Performance
Has the New Zealand Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 16 Apr 2026 | NZ$14.5b | NZ$5.4b | NZ$473.1m | 13.1x | 30.6x | 2.7x |
| Sat, 14 Mar 2026 | NZ$13.2b | NZ$5.4b | NZ$473.1m | 14.2x | 28x | 2.4x |
| Mon, 09 Feb 2026 | NZ$13.3b | NZ$5.4b | NZ$426.3m | 27.7x | 31.3x | 2.5x |
| Wed, 07 Jan 2026 | NZ$14.3b | NZ$5.4b | NZ$426.3m | 28.5x | 33.6x | 2.7x |
| Fri, 05 Dec 2025 | NZ$14.1b | NZ$5.4b | NZ$426.3m | 27x | 33x | 2.6x |
| Sun, 02 Nov 2025 | NZ$15.0b | NZ$5.0b | -NZ$138,642,436.00 | 26.3x | -108.3x | 3x |
| Tue, 30 Sep 2025 | NZ$14.7b | NZ$5.0b | -NZ$138,642,436.00 | 24.8x | -106.3x | 3x |
| Thu, 28 Aug 2025 | NZ$14.0b | NZ$5.0b | -NZ$138,642,436.00 | 22.3x | -100.9x | 2.8x |
| Sat, 26 Jul 2025 | NZ$13.6b | NZ$5.0b | -NZ$94,934,436.00 | 9.7x | -142.8x | 2.7x |
| Mon, 23 Jun 2025 | NZ$12.7b | NZ$5.0b | -NZ$94,737,639.00 | 8.5x | -134.3x | 2.6x |
| Wed, 21 May 2025 | NZ$13.6b | NZ$4.7b | -NZ$326,576,442.00 | 19.2x | -41.6x | 2.9x |
| Fri, 18 Apr 2025 | NZ$12.4b | NZ$4.7b | -NZ$326,576,442.00 | 17.8x | -37.9x | 2.6x |
| Sun, 16 Mar 2025 | NZ$12.0b | NZ$4.7b | -NZ$326,576,442.00 | 18.3x | -36.8x | 2.5x |
| Tue, 11 Feb 2025 | NZ$13.3b | NZ$4.7b | -NZ$294,114,442.00 | 13.8x | -45.1x | 2.8x |
| Thu, 09 Jan 2025 | NZ$14.0b | NZ$4.7b | -NZ$294,114,442.00 | 12.7x | -47.6x | 3x |
| Sat, 07 Dec 2024 | NZ$14.5b | NZ$4.7b | -NZ$294,114,442.00 | 12.2x | -49.1x | 3.1x |
| Mon, 04 Nov 2024 | NZ$14.7b | NZ$4.2b | NZ$1.0b | 14.2x | 14.2x | 3.5x |
| Wed, 02 Oct 2024 | NZ$14.3b | NZ$4.2b | NZ$1.0b | 13.9x | 13.9x | 3.4x |
| Fri, 30 Aug 2024 | NZ$12.9b | NZ$4.2b | NZ$1.0b | 12.3x | 12.5x | 3x |
| Sun, 28 Jul 2024 | NZ$2.4b | NZ$1.0b | NZ$188.4m | 11.8x | 12.9x | 2.4x |
| Tue, 25 Jun 2024 | NZ$2.3b | NZ$1.1b | NZ$189.4m | 10.6x | 12x | 2.1x |
| Thu, 23 May 2024 | NZ$2.3b | NZ$964.7m | NZ$158.1m | 12.9x | 14.8x | 2.4x |
| Sat, 20 Apr 2024 | NZ$2.3b | NZ$964.7m | NZ$158.1m | 11.1x | 14.8x | 2.4x |
| Mon, 18 Mar 2024 | NZ$2.1b | NZ$964.7m | NZ$158.1m | 10.4x | 13.2x | 2.2x |
| Wed, 14 Feb 2024 | NZ$2.1b | NZ$951.6m | NZ$147.6m | 12.9x | 14x | 2.2x |
| Fri, 12 Jan 2024 | NZ$3.8b | NZ$1.3b | NZ$184.4m | 18.7x | 20.8x | 3x |
| Sun, 10 Dec 2023 | NZ$3.9b | NZ$1.3b | NZ$184.4m | 18.6x | 21.3x | 3x |
| Tue, 07 Nov 2023 | NZ$4.0b | NZ$1.3b | NZ$191.3m | 18.6x | 20.7x | 3.2x |
| Thu, 05 Oct 2023 | NZ$4.1b | NZ$1.3b | NZ$191.3m | 18.8x | 21.3x | 3.2x |
| Sat, 02 Sep 2023 | NZ$4.2b | NZ$1.3b | NZ$191.3m | 21.5x | 21.7x | 3.3x |
| Mon, 31 Jul 2023 | NZ$4.0b | NZ$1.2b | NZ$168.5m | 28x | 23.9x | 3.3x |
| Wed, 28 Jun 2023 | NZ$3.8b | NZ$1.2b | NZ$168.5m | 26x | 22.8x | 3.1x |
| Fri, 26 May 2023 | NZ$3.7b | NZ$1.2b | NZ$177.5m | 13.1x | 21x | 3.2x |
| Sun, 23 Apr 2023 | NZ$3.7b | NZ$1.2b | NZ$178.3m | 13.1x | 20.7x | 3.1x |
Price to Earnings Ratio
20.7x
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 30.5x which is higher than its 3-year average PE of -12.8x.
- 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 38% per year over the last three years.
- Revenues for these companies have grown 66% 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 | 0.0055% | |
| Financials | 1.60% | |
| Capital Markets | 1.99% | |
| Diversified Financial | 1.87% | |
| Insurance | 0.51% | |
| Mortgage Finance | 0% | 0 |
| Consumer Finance | 0% | 0 |
| Banks | -0.85% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 14.0x.
- Analysts are expecting annual earnings decline of 14.2%, which is less than its past year's earnings decline of 25.1%.
- Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 29.4x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 13% over the next 5 years.
- However this is lower than its past earnings growth rate of 107% per year.
- In contrast, the Diversified Financial industry is expected to see its earnings decline by 14% 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 | |
|---|---|---|---|---|---|
| IFT Infratil | NZ$12.18 | 1.5% +NZ$179.9m | 14.6% | PE43x | |
| TWR Tower | NZ$1.98 | 3.1% +NZ$20.6m | 43.1% | PE8.1x | |
| NZX NZX | NZ$1.40 | 2.6% +NZ$11.5m | -6.7% | PE21.5x | |
| MLN Marlin Global | NZ$0.86 | 1.6% +NZ$3.2m | -5.1% | PS48.7x | |
| GEN General Capital | NZ$0.29 | 3.6% +NZ$918.3k | 20.8% | PE11.8x |