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New Zealand (NZX) Financials Sector Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies8
  • 7D-3.0%
  • 3M32.2%
  • 1Y41.0%
  • YTD26.2%

Over the last 7 days, the Financials industry has dropped 3.0%, driven by a pullback from Infratil of 4.2%. In contrast, Heartland Group Holdings has gained 9.3%. In the past year, the industry has gained 43%. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026NZ$17.7bNZ$4.5bNZ$431.6m13.9x41x3.9x
Sun, 03 May 2026NZ$15.2bNZ$5.4bNZ$473.1m12.8x32.1x2.8x
Tue, 31 Mar 2026NZ$13.9bNZ$5.4bNZ$473.1m13.1x29.3x2.6x
Thu, 26 Feb 2026NZ$13.4bNZ$5.4bNZ$424.7m25.9x31.5x2.5x
Sat, 24 Jan 2026NZ$13.7bNZ$5.4bNZ$426.3m28.7x32x2.5x
Mon, 22 Dec 2025NZ$13.4bNZ$5.4bNZ$426.3m27.1x31.5x2.5x
Wed, 19 Nov 2025NZ$14.0bNZ$5.4bNZ$431.6m27.3x32.4x2.6x
Fri, 17 Oct 2025NZ$14.9bNZ$5.0b-NZ$138,642,436.0026.3x-107.6x3x
Sun, 14 Sep 2025NZ$14.7bNZ$5.0b-NZ$138,642,436.0023.6x-106.2x3x
Tue, 12 Aug 2025NZ$14.1bNZ$5.0b-NZ$94,934,436.008.7x-148.9x2.8x
Thu, 10 Jul 2025NZ$12.9bNZ$5.0b-NZ$94,934,436.009.5x-136.1x2.6x
Sat, 07 Jun 2025NZ$12.3bNZ$5.0b-NZ$94,737,639.008x-130.1x2.5x
Mon, 05 May 2025NZ$12.9bNZ$4.7b-NZ$326,576,442.0018.1x-39.4x2.7x
Wed, 02 Apr 2025NZ$12.0bNZ$4.7b-NZ$326,576,442.0017.8x-36.6x2.5x
Fri, 28 Feb 2025NZ$12.5bNZ$4.7b-NZ$292,588,442.0011.1x-42.6x2.6x
Sun, 26 Jan 2025NZ$13.6bNZ$4.7b-NZ$294,114,442.0013x-46.2x2.9x
Tue, 24 Dec 2024NZ$14.4bNZ$4.7b-NZ$294,114,442.0012.4x-49x3.1x
Thu, 21 Nov 2024NZ$14.1bNZ$4.6b-NZ$330,052,839.0013.4x-42.9x3x
Sat, 19 Oct 2024NZ$14.3bNZ$4.2bNZ$1.0b13.8x13.8x3.4x
Mon, 16 Sep 2024NZ$14.3bNZ$4.2bNZ$1.0b13.7x13.8x3.4x
Wed, 14 Aug 2024NZ$12.6bNZ$4.3bNZ$1.0b11.9x12.1x3x
Fri, 12 Jul 2024NZ$2.3bNZ$1.1bNZ$190.1m10.8x12.1x2.1x
Sun, 09 Jun 2024NZ$2.3bNZ$1.0bNZ$190.5m10.8x12.1x2.2x
Tue, 07 May 2024NZ$2.4bNZ$964.7mNZ$158.1m12.9x15x2.5x
Thu, 04 Apr 2024NZ$2.2bNZ$964.7mNZ$158.1m11.4x13.9x2.3x
Sat, 02 Mar 2024NZ$2.1bNZ$964.7mNZ$158.1m12.9x13.3x2.2x
Mon, 29 Jan 2024NZ$3.8bNZ$1.3bNZ$184.4m18.7x20.7x3x
Wed, 27 Dec 2023NZ$3.8bNZ$1.3bNZ$184.4m18.7x20.7x3x
Fri, 24 Nov 2023NZ$4.0bNZ$1.3bNZ$191.3m19.1x20.9x3.2x
Sun, 22 Oct 2023NZ$4.0bNZ$1.3bNZ$191.3m18.3x20.7x3.1x
Tue, 19 Sep 2023NZ$4.1bNZ$1.3bNZ$191.3m21.2x21.5x3.3x
Thu, 17 Aug 2023NZ$3.9bNZ$1.2bNZ$168.5m27.4x23.2x3.2x
Sat, 15 Jul 2023NZ$4.0bNZ$1.2bNZ$168.5m28.3x23.8x3.3x
Mon, 12 Jun 2023NZ$3.8bNZ$1.2bNZ$168.3m25.5x22.8x3.1x
Price to Earnings Ratio

22.8x


Total Market Cap: NZ$3.8bTotal Earnings: NZ$168.3mTotal Revenue: NZ$1.2bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Financials Sector Price to Earnings3Y Average -12.1x202420252026
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 41.3x which is higher than its 3-year average PE of -12.1x.
  • The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 37% per year over the last three years.
  • Revenues for these companies have grown 55% 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-0.35%
Financials-3.05%
Banks9.29%
Insurance2.66%
Mortgage Finance0%0
Consumer Finance0%0
Capital Markets-0.39%
Diversified Financial-4.21%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 14.2x.
    • Analysts are expecting annual earnings growth of 10.4%, which is higher than its past year's earnings decline of 2.9% per year.
  • Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 29.1x.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 21% over the next 5 years.
  • However this is lower than its past earnings growth rate of 107% per year.
  • In contrast, the Capital Markets industry is expected to see its earnings grow by 7.7% 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$1.237.9%
+NZ$85.1m		57.7%PB0.9x
TWR TowerNZ$1.942.1%
+NZ$13.7m		26.8%PE11.7x

Latest News

IFT
NZ$15.42
Infratil
7D
-2.2%
1Y
49.0%
HGH
NZ$1.23
Heartland Group Holdings
7D
7.9%
1Y
57.7%
NZX
NZ$1.34
NZX
7D
-2.9%
1Y
-11.3%
MLN
NZ$0.83
Marlin Global
7D
-2.5%
1Y
-10.9%
TWR
NZ$1.94
Tower
7D
2.1%
1Y
26.8%