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New Zealand (NZX) Financials Sector Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies7
  • 7D0.7%
  • 3M7.2%
  • 1Y3.4%
  • YTD2.0%

In the last week, the Financials industry is flat overall, with Marlin Global standing out by going down 3.4%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 52% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Wed, 21 Dec 2022NZ$2.0bNZ$758.5mNZ$134.4m13.6x14.8x2.6x
Fri, 18 Nov 2022NZ$1.9bNZ$739.3mNZ$127.8m13x15x2.6x
Price to Earnings Ratio

15x


Total Market Cap: NZ$1.9bTotal Earnings: NZ$127.8mTotal Revenue: NZ$739.3mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Financials Sector Price to Earnings3Y Average -14.5x202320242025
Current Industry PE
  • Investors are relatively neutral on the New Zealander Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
  • Total earnings for the Financials industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 87% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the New Zealand Financials sector?

NZ Market0.14%
Financials0.73%
Diversified Financial0.91%
Insurance0.27%
Mortgage Finance0%0
Consumer Finance0%0
Capital Markets-0.12%
Banks-0.46%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 18.0x.
    • Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings decline of 58.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 60% over the next 5 years.
  • This is better than its past earnings growth rate of 6.6% per year.
  • In contrast, the Insurance industry is expected to see its earnings decline by 18% 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
IFT InfratilNZ$12.572.2%
+NZ$269.2m		2.3%PS3.3x
TWR TowerNZ$1.871.1%
+NZ$6.9m		25.6%PE7.3x
NZX NZXNZ$1.571.3%
+NZ$6.6m		3.6%PE28.1x
GEN General CapitalNZ$0.287.5%
+NZ$1.8m		7.5%PE9.3x

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