Filipino (PSEi) Banks Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies16
- 7D0.04%
- 3M10.2%
- 1Y7.3%
- YTD12.9%
Over the last 7 days, the Banks industry has remained flat, although notably Bank of the Philippine Islands gained 5.5%. As for the the longer term, the industry is up 7.3% over the past 12 months. Earnings are forecast to grow by 9.2% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | ₱2.3t | ₱842.0b | ₱262.4b | 5x | 8.8x | 2.7x |
| Sun, 17 Mar 2024 | ₱2.2t | ₱838.2b | ₱260.6b | 4.9x | 8.5x | 2.6x |
| Tue, 13 Feb 2024 | ₱2.2t | ₱801.5b | ₱248.2b | 5.6x | 9x | 2.8x |
| Thu, 11 Jan 2024 | ₱2.1t | ₱801.7b | ₱247.9b | 5.7x | 8.4x | 2.6x |
| Sat, 09 Dec 2023 | ₱1.9t | ₱801.7b | ₱247.9b | 5.5x | 7.8x | 2.4x |
| Mon, 06 Nov 2023 | ₱2.0t | ₱787.7b | ₱243.5b | 5.1x | 8x | 2.5x |
| Wed, 04 Oct 2023 | ₱2.1t | ₱770.4b | ₱237.8b | 5.1x | 8.8x | 2.7x |
| Fri, 01 Sep 2023 | ₱2.1t | ₱770.4b | ₱237.8b | 5x | 8.9x | 2.7x |
| Sun, 30 Jul 2023 | ₱2.2t | ₱746.3b | ₱231.6b | 4.5x | 9.4x | 2.9x |
| Tue, 27 Jun 2023 | ₱2.1t | ₱746.1b | ₱231.4b | 4.8x | 9.1x | 2.8x |
| Thu, 25 May 2023 | ₱2.1t | ₱745.8b | ₱231.2b | 5.4x | 9.2x | 2.8x |
| Sat, 22 Apr 2023 | ₱2.1t | ₱718.3b | ₱218.6b | 6.5x | 9.7x | 2.9x |
| Mon, 20 Mar 2023 | ₱2.0t | ₱702.3b | ₱210.7b | 6.6x | 9.6x | 2.9x |
| Wed, 15 Feb 2023 | ₱2.0t | ₱668.5b | ₱201.0b | 6.7x | 10.1x | 3x |
| Fri, 13 Jan 2023 | ₱1.9t | ₱668.5b | ₱201.0b | 6.3x | 9.5x | 2.8x |
| Sun, 11 Dec 2022 | ₱1.8t | ₱668.5b | ₱201.0b | 6.1x | 9x | 2.7x |
| Tue, 08 Nov 2022 | ₱1.8t | ₱651.3b | ₱194.3b | 6.3x | 9.2x | 2.7x |
| Thu, 06 Oct 2022 | ₱1.7t | ₱636.2b | ₱184.5b | 6.2x | 9.1x | 2.7x |
| Sat, 03 Sep 2022 | ₱1.8t | ₱636.1b | ₱184.5b | 6.8x | 9.7x | 2.8x |
| Mon, 01 Aug 2022 | ₱1.7t | ₱620.1b | ₱181.9b | 7.3x | 9.4x | 2.8x |
| Wed, 29 Jun 2022 | ₱1.7t | ₱617.2b | ₱180.4b | 7.3x | 9.2x | 2.7x |
| Fri, 27 May 2022 | ₱1.8t | ₱615.5b | ₱179.5b | 9.4x | 9.8x | 2.9x |
| Sun, 24 Apr 2022 | ₱1.8t | ₱606.5b | ₱171.1b | 11.1x | 10.6x | 3x |
| Tue, 22 Mar 2022 | ₱1.8t | ₱596.2b | ₱169.2b | 10.8x | 10.4x | 2.9x |
| Thu, 17 Feb 2022 | ₱1.9t | ₱572.2b | ₱157.5b | 11.5x | 11.9x | 3.3x |
| Sat, 15 Jan 2022 | ₱1.8t | ₱572.2b | ₱157.5b | 11.3x | 11.4x | 3.1x |
| Mon, 13 Dec 2021 | ₱1.7t | ₱572.2b | ₱157.5b | 11.7x | 11x | 3x |
| Wed, 10 Nov 2021 | ₱1.8t | ₱567.3b | ₱157.8b | 9.1x | 11.1x | 3.1x |
| Fri, 08 Oct 2021 | ₱1.6t | ₱564.3b | ₱156.8b | 8.9x | 9.9x | 2.8x |
| Sun, 05 Sep 2021 | ₱1.6t | ₱564.3b | ₱156.8b | 9.3x | 10x | 2.8x |
| Tue, 03 Aug 2021 | ₱1.5t | ₱564.3b | ₱156.8b | 9.8x | 9.7x | 2.7x |
| Fri, 07 May 2021 | ₱1.5t | ₱517.5b | ₱116.5b | 10.8x | 12.9x | 2.9x |
Price to Earnings Ratio
12.9x
Current Industry PE
- Investors are relatively neutral on the Filipino Banks 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 PE ratio of 9.8x.
- The industry is trading close to its 3-year average PS ratio of 2.8x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 31% per year over the last three years.
- Revenues for these companies have grown 18% 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 | -1.98% | |
| Financials | -0.046% | |
| Banks | 0.045% | |
| Regional Banks | 2.44% | |
| Diversified Banks | -0.019% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 9.9x.
- Analysts are expecting annual earnings growth of 9.2%, which is lower than the prior year's growth of 28.8% per year.
- Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 6.0x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 9.2% over the next 5 years.
- However this is lower than its past earnings growth rate of 29% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 9.2% 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 | |
|---|---|---|---|---|---|
| BPI Bank of the Philippine Islands | ₱124.00 | 5.5% +₱34.2b | 20.6% | PB1.8x | |
| AUB Asia United Bank | ₱40.10 | 4.2% +₱1.2b | 43.2% | PB0.6x | |
| PBB Philippine Business Bank | ₱8.90 | 2.3% +₱163.8m | 12.8% | PB0.4x | |
| PSB Philippine Savings Bank | ₱54.75 | 0.6% +₱128.1m | -2.1% | PB0.6x | |
| RCB Rizal Commercial Banking | ₱22.95 | 0.2% +₱121.0m | -1.9% | PB0.4x |