Filipino (PSEi) Banks Industry Analysis

Industry Valuation and Performance

Has the Filipino Banks Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 09 Aug 2026	₱2.2t	₱1.0t	₱324.4b	5.2x	6.6x	2.1x
Tue, 07 Jul 2026	₱2.2t	₱1.0t	₱325.4b	5.4x	6.8x	2.2x
Thu, 04 Jun 2026	₱2.0t	₱1.0t	₱325.0b	5.2x	6.3x	2x
Sat, 02 May 2026	₱2.1t	₱1.0t	₱321.9b	5.7x	6.4x	2.1x
Mon, 30 Mar 2026	₱2.1t	₱994.2b	₱319.3b	5.9x	6.7x	2.1x
Wed, 25 Feb 2026	₱2.4t	₱986.4b	₱316.6b	5.9x	7.7x	2.5x
Fri, 23 Jan 2026	₱2.4t	₱976.1b	₱313.7b	6x	7.7x	2.5x
Sun, 21 Dec 2025	₱2.3t	₱976.1b	₱313.7b	5.7x	7.2x	2.3x
Tue, 18 Nov 2025	₱2.2t	₱974.9b	₱315.1b	5x	6.9x	2.2x
Thu, 16 Oct 2025	₱2.3t	₱960.6b	₱310.4b	5.7x	7.5x	2.4x
Sat, 13 Sep 2025	₱2.3t	₱958.9b	₱308.9b	6.2x	7.5x	2.4x
Mon, 11 Aug 2025	₱2.4t	₱952.1b	₱307.5b	5.7x	7.9x	2.5x
Wed, 09 Jul 2025	₱2.5t	₱939.2b	₱305.2b	5.9x	8.3x	2.7x
Fri, 06 Jun 2025	₱2.6t	₱939.2b	₱305.2b	5.9x	8.5x	2.8x
Sun, 04 May 2025	₱2.7t	₱930.7b	₱303.4b	4.8x	8.9x	2.9x
Tue, 01 Apr 2025	₱2.6t	₱920.3b	₱301.1b	4.8x	8.7x	2.8x
Thu, 27 Feb 2025	₱2.6t	₱906.4b	₱294.4b	5.5x	8.7x	2.8x
Sat, 25 Jan 2025	₱2.4t	₱923.9b	₱289.6b	5.7x	8.4x	2.6x
Mon, 23 Dec 2024	₱2.4t	₱923.9b	₱289.6b	6.6x	8.3x	2.6x
Wed, 20 Nov 2024	₱2.5t	₱924.8b	₱289.8b	6.4x	8.5x	2.7x
Fri, 18 Oct 2024	₱2.7t	₱890.9b	₱274.9b	6.7x	9.6x	3x
Sun, 15 Sep 2024	₱2.4t	₱890.9b	₱274.9b	5.2x	8.8x	2.7x
Tue, 13 Aug 2024	₱2.3t	₱878.9b	₱271.3b	4.9x	8.3x	2.6x
Thu, 11 Jul 2024	₱2.3t	₱866.6b	₱268.4b	5x	8.4x	2.6x
Sat, 08 Jun 2024	₱2.2t	₱866.6b	₱268.4b	5x	8.4x	2.6x
Mon, 06 May 2024	₱2.3t	₱860.9b	₱269.0b	4.8x	8.6x	2.7x
Wed, 03 Apr 2024	₱2.3t	₱839.9b	₱261.1b	5.1x	8.8x	2.7x
Fri, 01 Mar 2024	₱2.3t	₱839.1b	₱263.6b	4.9x	8.8x	2.8x
Sun, 28 Jan 2024	₱2.2t	₱801.5b	₱248.2b	5.6x	8.8x	2.7x
Tue, 26 Dec 2023	₱2.0t	₱801.7b	₱247.9b	5.6x	8.1x	2.5x
Thu, 23 Nov 2023	₱2.0t	₱801.3b	₱247.8b	5.5x	8x	2.5x
Sat, 21 Oct 2023	₱2.0t	₱770.4b	₱237.8b	5.2x	8.5x	2.6x
Mon, 18 Sep 2023	₱2.0t	₱770.4b	₱237.8b	5x	8.6x	2.6x
Wed, 16 Aug 2023	₱2.2t	₱769.5b	₱237.4b	5.1x	9.1x	2.8x

Current Industry PE

Investors are pessimistic on the Filipino Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 6.6x which is lower than its 3-year average PE of 8.1x.

The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.1x.

Past Earnings Growth

The earnings for companies in the Banks industry have grown 11% per year over the last three years.
Revenues for these companies have grown 9.8% 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 Filipino Financials industry?


PH Market	0.68%
Financials	-0.25%
Banks	-0.73%
Regional Banks	0.43%
Diversified Banks	-0.78%

Industry PE

Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 8.3x.

Analysts are expecting annual earnings growth of 8.3%, which is lower than the prior year's growth of 9.8% per year.

Investors are most pessimistic about the Regional Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.7x.

Forecasted Growth

Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 8.3% over the next 5 years.
This is roughly in line with its past earnings growth rate.

In contrast, the Diversified Banks industry is expected to see its earnings grow by 8.3% 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
CBC China Banking	₱54.00	1.8% +₱2.6b	-15.0%	PB0.8x
MBT Metropolitan Bank & Trust	₱66.20	0.8% +₱2.2b	-6.8%	PB0.7x
SECB Security Bank	₱68.20	1.0% +₱527.5m	-10.3%	PB0.3x
AUB Asia United Bank	₱48.75	0.7% +₱509.6m	-2.5%	PB1x
RCB Rizal Commercial Banking	₱23.05	0.7% +₱362.9m	-11.3%	PB0.4x

Bank of Commerce Announces Board and Committee Changes

Bank of Commerce at its Annual Stockholders' Meeting held on June 30, 2026, approved the appointment of MARIE JOSEPHINE M. OCAMPO as Independent Director for the upcoming year 2026 and member of audit committee, corporate governance committee and board risk oversight committee. Appointment of the members of the Board Committees of the Bank, as follows: Audit Committee: LEONARDO J. MATIGNAS, JR. {Lead Independent Director), Chairman; ANTONIO S. ABACAN, JR. (Independent Director), Member; MARIE JOSEPHINE M. OCAMPO (Independent Director), Member MELINDA S. GONZALES-MANTO, Member, JOSE CARMELO C. NOGRALES, Member. CORPORATE GOVERNANCE COMMITTEE: ANTONIO S. ABACAN, JR. (Independent Director), Chairman; RICARDO D. FERNANDEZ (Independent Director), Member; MARIE JOSEPHINE M. OCAMPO (Independent Director), Member; FE B. BARIN, Member; JOSE CARMELO C. NOGRALES, Member. BOARD RISK OVERSIGHT COMMITTEE: RAFAEL G. AYUSTE, JR. (Independent Director), Chairman; MARIE JOSEPHINE M. OCAMPO (Independent Director), Member; LEONARDO J. MATIGNAS, JR. (Independent Director), Member; FE B. BARIN, Member; MELINDA S. GONZALES-MANTO, Member. RELATED PARTY TRANSACTIONS COMMITTEE: RICARDO D. FERNANDEZ (Independent Director), Chairman; RAFAEL G. AYUSTE, JR. (Independent Director), Member; LEONARDO J. MATIGNAS, JR. (Lead Independent Director), Member; JOSE CARMELO C. NOGRALES, Member; MELINDA S. GONZALES-MANTO, Member. NOMINATION, COMPENSATION, AND REMUNERATIONS COMMITTEE: ANTONIO S. ABACAN, JR. (Independent Director), Chairman; RICARDO D. FERNANDEZ (Independent Director), Member; LEONARDO J. MATIGNAS, JR. (Independent Director), Member; FE B. BARIN, Member; JOSE A. BARCELON, Member; JOSE T. PARDO, Advisor. EXECUTIVE COMMITTEE: ROBERTO C. BENARES, Chairman; MICHELANGELO R. AGUILAR, Vice Chairman; BENEDICTA A. DU-BALADAD, Member; MARITO L. PLATON, Member; ALEXANDER R. MAGNO, Member. . UNDERWRITING COMMITTEE: MICHELANGELO R. AGUILAR, Chairman; ROBERTO C. BENARES, Member; ALEXANDER R. MAGNO, Member; JOSE A. BARCELON, Member; ANTONIO S. LAQUINDANUM, Member; AURORA T. CALDERON, Advisor. INFORMATION TECHNOLOGY STEERING COMMITTEE: ROBERTO C. BENARES, Chairman; MICHELANGELO R. AGUILAR, Member; MARITO L. PLATON, Member; ANTONIO S. LAQUINDANUM, Member; MARIE SUZANNE A. SISON-SEVILLA, Member/Chief Information Officer; CECILE L. ANG, Advisor. TRUST INVESTMENT COMMITTEE: BENEDICTA A. DU-BALADAD, Chairperson; MICHELANGELO R. AGUILAR, Member; MARITO L. PLATON, Member; RAFAEL G. AYUSTE, JR. (Independent Director), Member; DON CARLO P. HERNANDEZ, Member/Chief Trust Officer; JOSE T. PARDO, Advisor.

Filipino (PSEi) Banks Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Second quarter 2026 earnings released: EPS: ₱2.07 (vs ₱2.04 in 2Q 2025)

Philippine National Bank to Report First Half, 2026 Results on Aug 11, 2026

Union Bank of the Philippines Announces Appointment of Hare Krisna M. Ramirez to Strategic Talent Sourcing and Partnerships Head/Assistant Vice President, Effective August 3, 2026

Second quarter 2026 earnings: EPS misses analyst expectations

Security Bank Corporation to Report First Half, 2026 Results on Aug 14, 2026

Rizal Commercial Banking Corporation to Report Q2, 2026 Results on Aug 04, 2026

BPI: Dividend Payout And Solid Margins Will Support Future Upside

Now 21% undervalued

China Banking Corporation to Report First Half, 2026 Results on Aug 07, 2026

First quarter dividend of ₱0.75 announced

Philippine Business Bank, Inc. Appoints Maria Lourdes Trinidad as Chief Operating Officer

Chairman of the Board recently bought ₱1.6m worth of stock

Bank of Commerce Announces Board and Committee Changes