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Filipino (PSEi) Banks Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies16
  • 7D-2.9%
  • 3M-0.7%
  • 1Y-17.0%
  • YTD-10.5%

The Banks industry has been flat over the last week, but BDO Unibank has lost 6.4%. Unfortunately though, the industry is down 15% over the past 12 months. Looking forward, earnings are forecast to grow by 7.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026₱2.1t₱1.0t₱325.6b5.3x6.5x2.1x
Sat, 23 May 2026₱2.0t₱1.0t₱325.0b5.5x6.3x2x
Mon, 20 Apr 2026₱2.2t₱997.9b₱321.3b6x6.7x2.2x
Wed, 18 Mar 2026₱2.2t₱994.2b₱319.3b6x6.8x2.2x
Fri, 13 Feb 2026₱2.4t₱976.1b₱313.7b5.9x7.7x2.5x
Sun, 11 Jan 2026₱2.4t₱976.1b₱313.7b6x7.7x2.5x
Tue, 09 Dec 2025₱2.2t₱976.1b₱313.7b5.4x7x2.3x
Thu, 06 Nov 2025₱2.2t₱966.7b₱312.0b5x7.1x2.3x
Sat, 04 Oct 2025₱2.3t₱958.9b₱308.9b6x7.6x2.4x
Mon, 01 Sep 2025₱2.3t₱958.9b₱308.9b6x7.6x2.4x
Wed, 30 Jul 2025₱2.5t₱955.4b₱305.6b6x8.1x2.6x
Fri, 27 Jun 2025₱2.6t₱939.2b₱305.2b5.8x8.4x2.7x
Sun, 25 May 2025₱2.6t₱939.2b₱305.2b5.9x8.7x2.8x
Tue, 22 Apr 2025₱2.7t₱919.9b₱300.6b4.7x8.8x2.9x
Thu, 20 Mar 2025₱2.7t₱919.7b₱300.5b5.1x8.9x2.9x
Sat, 15 Feb 2025₱2.5t₱923.9b₱289.6b5.9x8.6x2.7x
Mon, 13 Jan 2025₱2.5t₱923.9b₱289.6b6.3x8.5x2.7x
Wed, 11 Dec 2024₱2.5t₱923.9b₱289.6b6.3x8.6x2.7x
Fri, 08 Nov 2024₱2.5t₱899.9b₱279.5b6.7x9x2.8x
Sun, 06 Oct 2024₱2.6t₱890.9b₱274.9b6.8x9.5x2.9x
Tue, 03 Sep 2024₱2.4t₱890.9b₱274.9b4.8x8.7x2.7x
Thu, 01 Aug 2024₱2.3t₱874.8b₱270.6b5x8.3x2.6x
Sat, 29 Jun 2024₱2.2t₱866.6b₱268.4b4.9x8.1x2.5x
Mon, 27 May 2024₱2.2t₱868.3b₱268.7b5x8.2x2.5x
Wed, 24 Apr 2024₱2.3t₱849.5b₱264.4b5x8.7x2.7x
Fri, 22 Mar 2024₱2.3t₱839.1b₱261.4b5x8.8x2.7x
Sun, 18 Feb 2024₱2.3t₱808.4b₱252.2b5.6x9x2.8x
Tue, 16 Jan 2024₱2.1t₱801.7b₱248.2b5.5x8.6x2.7x
Thu, 14 Dec 2023₱1.9t₱801.7b₱247.9b5.5x7.9x2.4x
Sat, 11 Nov 2023₱2.0t₱787.9b₱243.4b5.7x8.3x2.6x
Mon, 09 Oct 2023₱2.1t₱770.4b₱237.8b5.1x8.8x2.7x
Wed, 06 Sep 2023₱2.1t₱770.4b₱237.8b5x8.7x2.7x
Fri, 04 Aug 2023₱2.2t₱767.3b₱241.4b4.8x9.1x2.9x
Sun, 02 Jul 2023₱2.1t₱746.1b₱231.4b4.7x9.1x2.8x
Price to Earnings Ratio

9.1x


Total Market Cap: ₱2.1tTotal Earnings: ₱231.4bTotal Revenue: ₱746.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Filipino Banks Industry Price to Earnings3Y Average 8.2x202420252026
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 6.7x which is lower than its 3-year average PE of 8.2x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 11% 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-1.99%
Financials-2.79%
Banks-2.93%
Regional Banks-0.053%
Diversified Banks-3.06%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 8.4x.
    • Analysts are expecting annual earnings growth of 7.8%, 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 4.6x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 7.8% 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 7.8% 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
PNB Philippine National Bank₱57.600.4%
+₱381.4m		9.5%PB0.4x
SECB Security Bank₱65.300.5%
+₱263.7m		0.8%PB0.3x
PBC Philippine Bank of Communications₱15.422.3%
+₱163.4m		-11.8%PB0.4x
PSB Philippine Savings Bank₱53.000.6%
+₱128.1m		-7.3%PB0.5x
AUB Asia United Bank₱44.350.1%
+₱72.8m		18.7%PB0.9x

Latest News

BDO
₱122.00
BDO Unibank
7D
-5.4%
1Y
-21.3%
PBC
₱15.42
Philippine Bank of Communications
7D
2.3%
1Y
-11.8%
BPI
₱94.30
Bank of the Philippine Islands
7D
-5.2%
1Y
-29.7%
Narrative Update • Jun 24

BPI: Stable Governance And Cash Dividends Will Support Future Shareholder Returns

Analysts have kept their fair value estimate for Bank of the Philippine Islands steady at ₱132.33 per share, with only marginal adjustments to the supporting assumptions such as discount rate, revenue growth, profit margin, and future P/E. This has resulted in no change to the overall price target narrative.
EW
₱12.18
East West Banking
7D
-1.0%
1Y
11.7%
AUB
₱44.35
Asia United Bank
7D
0.1%
1Y
18.7%
UBP
₱24.50
Union Bank of the Philippines
7D
-2.6%
1Y
-24.6%
Narrative Update • Jun 15

UBP: Governance Reforms And Bond Issuance Plan Will Support Future Upside

Analysts have kept their price target for Union Bank of the Philippines steady at ₱35.89, pointing to broadly unchanged fair value estimates alongside modest tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News A board meeting is scheduled for May 29, 2026 to approve the issuance of up to ₱30.0 billion under Union Bank of the Philippines' existing PHP Bonds Program, with timing and other details still to be set, subject to market conditions.
BNCOM
₱11.16
Bank of Commerce
7D
0.4%
1Y
59.2%
PSB
₱53.00
Philippine Savings Bank
7D
0.6%
1Y
-7.3%
MBT
₱65.65
Metropolitan Bank & Trust
7D
-1.6%
1Y
-9.8%
SECB
₱65.30
Security Bank
7D
0.5%
1Y
0.8%
CBC
₱55.80
China Banking
7D
-2.1%
1Y
-19.0%
RCB
₱23.00
Rizal Commercial Banking
7D
-1.7%
1Y
-8.4%
PBB
₱7.00
Philippine Business Bank
7D
-2.8%
1Y
-22.9%
PNB
₱57.60
Philippine National Bank
7D
0.4%
1Y
9.5%