Has the Omani Banks Industry valuation changed over the past few years?
|Tue, 07 Dec 2021||ر.ع3.6b||ر.ع950.8m||ر.ع281.4m||18.6x|
|Thu, 04 Nov 2021||ر.ع3.6b||ر.ع951.0m||ر.ع298.6m||17.9x|
|Sat, 02 Oct 2021||ر.ع3.4b||ر.ع923.4m||ر.ع269.8m||24x|
|Mon, 30 Aug 2021||ر.ع3.4b||ر.ع923.4m||ر.ع269.8m||24.5x|
|Tue, 06 Jul 2021||ر.ع3.3b||ر.ع923.4m||ر.ع269.8m||24.1x|
|Fri, 09 Apr 2021||ر.ع2.9b||ر.ع880.6m||ر.ع244.7m||26.1x|
|Thu, 31 Dec 2020||ر.ع2.9b||ر.ع856.6m||ر.ع225.9m||14.2x|
|Sun, 04 Oct 2020||ر.ع2.9b||ر.ع887.8m||ر.ع266.3m||14.5x|
|Wed, 08 Jul 2020||ر.ع2.4b||ر.ع828.0m||ر.ع264.7m||12.1x|
|Tue, 31 Mar 2020||ر.ع2.3b||ر.ع870.5m||ر.ع300.8m||12.4x|
|Fri, 03 Jan 2020||ر.ع2.9b||ر.ع906.6m||ر.ع335.2m||8.3x|
|Mon, 07 Oct 2019||ر.ع2.9b||ر.ع911.6m||ر.ع345.8m||8x|
|Sun, 30 Jun 2019||ر.ع2.7b||ر.ع914.6m||ر.ع354.9m||7x|
|Wed, 03 Apr 2019||ر.ع2.8b||ر.ع901.8m||ر.ع345.3m||8.2x|
|Sat, 05 Jan 2019||ر.ع2.8b||ر.ع894.3m||ر.ع350.9m||7.6x|
Current Industry PE: Investors are more optimistic on the industry, considering it's trading at a PE ratio of 18.8x which is higher than its 3-year average PE of 13.5x. It appears they are confident that earnings will grow faster in the future than they have historically.
Past Earnings Growth: The earnings for companies in the Banks industry have declined 6.8% per year over the last three years, while revenues for these companies have grown 2.4% 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.
Which industries have driven the changes within the Omani Banks industry?
Industry PE: Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 15.4x. This is likely because analysts are expecting annual earnings growth of 11%, which is higher than its past year's earnings decline of 5.4% per year. Meanwhile, investors are most pessimistic about the Regional Banks industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 14.4x.
Forecasted Growth: Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 11% over the next 5 years. This is better than its past earnings decline of 5.4% per year.
Which companies have driven the market over the last 7 days?
Bank Dhofar SAOG
National Bank of Oman SAOG
bank muscat SAOG
HSBC Bank OmanO.G
Sohar International Bank SAOG
Bank Nizwa SAOG
Ahli Bank SAOG
Oman Arab Bank SAOG