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Filipino (PSEi) Banks Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies16
  • 7D0.5%
  • 3M-1.3%
  • 1Y-4.7%
  • YTD-5.7%

Last week, the Banks industry hasn't moved much but China Banking is up 8.2% in that time. As for the longer term, the industry has declined 4.7% in the last year. As for the next few years, earnings are expected to grow by 8.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025₱2.3t₱976.1b₱313.7b5.8x7.3x2.4x
Sat, 22 Nov 2025₱2.3t₱975.2b₱313.5b5.5x7.2x2.3x
Mon, 20 Oct 2025₱2.3t₱960.6b₱310.4b5.6x7.5x2.4x
Wed, 17 Sep 2025₱2.4t₱958.9b₱308.9b6.1x7.6x2.5x
Fri, 15 Aug 2025₱2.4t₱958.0b₱311.5b6x7.8x2.5x
Sun, 13 Jul 2025₱2.5t₱939.2b₱305.2b6x8.2x2.7x
Tue, 10 Jun 2025₱2.6t₱939.2b₱305.2b5.8x8.6x2.8x
Thu, 08 May 2025₱2.7t₱930.8b₱303.6b6x8.9x2.9x
Sat, 05 Apr 2025₱2.6t₱920.3b₱301.1b4.8x8.7x2.9x
Mon, 03 Mar 2025₱2.5t₱913.3b₱296.8b5.3x8.5x2.8x
Wed, 29 Jan 2025₱2.4t₱923.9b₱289.6b5.6x8.4x2.6x
Fri, 27 Dec 2024₱2.4t₱923.9b₱289.6b6.5x8.4x2.6x
Sun, 24 Nov 2024₱2.5t₱923.9b₱289.6b6.4x8.7x2.7x
Tue, 22 Oct 2024₱2.7t₱890.9b₱274.9b6.9x9.7x3x
Thu, 19 Sep 2024₱2.5t₱890.9b₱274.9b5.5x8.9x2.8x
Sat, 17 Aug 2024₱2.3t₱890.5b₱274.6b4.8x8.3x2.5x
Mon, 15 Jul 2024₱2.3t₱866.6b₱268.4b4.9x8.5x2.6x
Wed, 12 Jun 2024₱2.2t₱866.6b₱268.4b5x8.2x2.5x
Fri, 10 May 2024₱2.2t₱861.0b₱269.1b5x8.3x2.6x
Sun, 07 Apr 2024₱2.3t₱839.9b₱261.1b5x8.8x2.7x
Tue, 05 Mar 2024₱2.3t₱839.4b₱262.1b4.9x8.7x2.7x
Thu, 01 Feb 2024₱2.2t₱801.5b₱248.2b5.6x8.8x2.7x
Sat, 30 Dec 2023₱2.0t₱801.7b₱247.9b5.6x8.1x2.5x
Mon, 27 Nov 2023₱2.0t₱801.3b₱247.8b5.5x8x2.5x
Wed, 25 Oct 2023₱2.0t₱770.4b₱237.8b5.2x8.2x2.5x
Fri, 22 Sep 2023₱2.0t₱770.4b₱237.8b5.1x8.5x2.6x
Sun, 20 Aug 2023₱2.1t₱770.3b₱237.9b5.1x8.9x2.7x
Tue, 18 Jul 2023₱2.2t₱746.1b₱231.4b4.7x9.4x2.9x
Thu, 15 Jun 2023₱2.1t₱746.1b₱231.4b4.9x8.9x2.8x
Sat, 13 May 2023₱2.1t₱726.7b₱222.5b6.1x9.6x2.9x
Mon, 10 Apr 2023₱2.0t₱705.0b₱213.4b6.5x9.6x2.9x
Wed, 08 Mar 2023₱2.0t₱693.1b₱215.2b6.7x9.5x2.9x
Fri, 03 Feb 2023₱2.1t₱668.5b₱201.0b6.6x10.3x3.1x
Sun, 01 Jan 2023₱1.8t₱668.5b₱201.0b5.9x9.1x2.8x
Price to Earnings Ratio

9.1x


Total Market Cap: ₱1.8tTotal Earnings: ₱201.0bTotal Revenue: ₱668.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Filipino Banks Industry Price to Earnings3Y Average 8.6x202320242025
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 7.3x which is lower than its 3-year average PE of 8.6x.
  • The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 13% 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-0.16%
Financials0.51%
Banks0.47%
Diversified Banks0.47%
Regional Banks0.41%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 8.9x.
    • Analysts expect its future annual earnings growth (8.5%) to be largely in line with prior year's earnings growth.
  • 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 4.5x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 8.5% 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 8.5% 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
BDO BDO Unibank₱133.001.5%
+₱10.7b		-7.5%PB1.1x
CBC China Banking₱57.103.8%
+₱5.7b		-9.9%PB0.8x
UBP Union Bank of the Philippines₱27.002.3%
+₱2.0b		-23.0%PB0.5x
PNB Philippine National Bank₱51.952.1%
+₱1.6b		93.5%PB0.3x
PSB Philippine Savings Bank₱55.751.4%
+₱320.1m		-4.0%PB0.5x

Latest News

RCB
₱25.30
Rizal Commercial Banking
7D
-1.2%
1Y
6.1%
BPI
₱119.80
Bank of the Philippine Islands
7D
-0.2%
1Y
-2.3%

BPI: Steady Dividend And Merger Plans Will Support Bullish Outlook

Analysts have trimmed their price target for Bank of the Philippine Islands slightly, citing marginally lower assumed revenue growth and discount rates, offset by a modestly higher projected profit margin and a slightly cheaper future price to earnings multiple. This results in an updated fair value estimate that remains effectively unchanged at PHP 150.31.
PNB
₱51.95
Philippine National Bank
7D
2.1%
1Y
93.5%
UBP
₱27.00
Union Bank of the Philippines
7D
2.3%
1Y
-23.0%

UBP: Capital Support For Subsidiary Is Expected To Drive Stronger Prospects

Analysts have trimmed their fair value estimate for Union Bank of the Philippines from PHP 33.50 to PHP 30.00, citing a higher required return and slightly slower expected revenue growth, partly offset by improved profit margin assumptions and a modestly lower future price to earnings multiple. What's in the News A board meeting is scheduled for October 8, 2025, to consider infusing up to PHP 1.5 billion in additional capital into subsidiary City Savings Bank Inc to support its growth and ongoing operations (Key Developments).
PTC
₱85.95
Philippine Trust
7D
-13.2%
1Y
-9.5%
BDO
₱133.00
BDO Unibank
7D
1.5%
1Y
-7.5%
AUB
₱39.05
Asia United Bank
7D
0.3%
1Y
26.2%
PSB
₱55.75
Philippine Savings Bank
7D
1.4%
1Y
-4.0%
SECB
₱64.20
Security Bank
7D
-4.0%
1Y
-27.0%
CBC
₱57.10
China Banking
7D
3.8%
1Y
-9.9%
PBC
₱16.78
Philippine Bank of Communications
7D
2.9%
1Y
5.5%
BNCOM
₱9.19
Bank of Commerce
7D
2.1%
1Y
36.1%
MBT
₱67.90
Metropolitan Bank & Trust
7D
-0.5%
1Y
-9.2%