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Tunisian (TUNINDEX) Financials Sector Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies25
  • 7D2.7%
  • 3M10.4%
  • 1Y26.4%
  • YTD1.1%

The Financials industry is up 2.7% in the last week, with Banque Internationale Arabe de Tunisie Société anonyme up 8.5%. In the last 12 months, the industry was up 26%. Earnings are forecast to grow by 5.2% annually.

Sector Valuation and Performance

Has the Tunisian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026د.ت18.8bد.ت8.9bد.ت2.0b9.6x9.4x2.1x
Sat, 13 Dec 2025د.ت18.4bد.ت9.2bد.ت2.0b9.6x9x2x
Mon, 10 Nov 2025د.ت17.8bد.ت9.2bد.ت2.0b9.4x8.8x1.9x
Wed, 08 Oct 2025د.ت16.9bد.ت9.1bد.ت2.0b8.6x8.4x1.9x
Fri, 05 Sep 2025د.ت16.2bد.ت9.1bد.ت2.1b8.9x7.8x1.8x
Sun, 03 Aug 2025د.ت15.8bد.ت8.9bد.ت2.0b8.2x7.9x1.8x
Tue, 01 Jul 2025د.ت15.7bد.ت8.9bد.ت2.0b8.1x7.9x1.8x
Thu, 29 May 2025د.ت15.8bد.ت8.9bد.ت2.0b7.5x8x1.8x
Sat, 26 Apr 2025د.ت16.1bد.ت8.6bد.ت1.9b7.7x8.4x1.9x
Mon, 24 Mar 2025د.ت16.0bد.ت7.7bد.ت1.8b7.6x8.8x2.1x
Wed, 19 Feb 2025د.ت15.3bد.ت7.5bد.ت1.8b7.6x8.5x2x
Fri, 17 Jan 2025د.ت14.8bد.ت7.5bد.ت1.8b7.1x8.2x2x
Sun, 15 Dec 2024د.ت14.5bد.ت7.9bد.ت1.8b7.3x7.9x1.8x
Tue, 12 Nov 2024د.ت14.4bد.ت7.7bد.ت1.8b7.2x7.8x1.9x
Thu, 10 Oct 2024د.ت14.7bد.ت7.7bد.ت1.8b7.3x8x1.9x
Sat, 07 Sep 2024د.ت14.5bد.ت7.7bد.ت1.9b7.2x7.8x1.9x
Mon, 05 Aug 2024د.ت14.6bد.ت7.6bد.ت1.8b7.4x8x1.9x
Wed, 03 Jul 2024د.ت14.4bد.ت7.6bد.ت1.8b7.5x7.8x1.9x
Fri, 31 May 2024د.ت14.3bد.ت8.1bد.ت1.9b7.4x7.7x1.8x
Sun, 28 Apr 2024د.ت14.1bد.ت8.2bد.ت1.9b7.4x7.3x1.7x
Tue, 26 Mar 2024د.ت13.7bد.ت7.7bد.ت1.7b7.8x8x1.8x
Thu, 22 Feb 2024د.ت13.3bد.ت6.9bد.ت1.5b7.8x8.7x1.9x
Sat, 20 Jan 2024د.ت13.2bد.ت6.9bد.ت1.5b7.7x8.6x1.9x
Mon, 18 Dec 2023د.ت13.4bد.ت6.9bد.ت1.5b7.7x8.7x1.9x
Wed, 15 Nov 2023د.ت13.0bد.ت7.6bد.ت1.7b7.4x7.5x1.7x
Fri, 13 Oct 2023د.ت12.8bد.ت7.6bد.ت1.7b7.2x7.4x1.7x
Sun, 10 Sep 2023د.ت13.7bد.ت7.5bد.ت1.7b7.8x7.9x1.8x
Tue, 08 Aug 2023د.ت13.6bد.ت7.5bد.ت1.7b7.7x7.9x1.8x
Thu, 06 Jul 2023د.ت13.6bد.ت7.5bد.ت1.7b7.5x8x1.8x
Sat, 03 Jun 2023د.ت13.5bد.ت7.4bد.ت1.7b7.9x8x1.8x
Mon, 01 May 2023د.ت13.2bد.ت7.3bد.ت1.7b8x7.8x1.8x
Wed, 29 Mar 2023د.ت12.7bد.ت6.9bد.ت1.5b8.5x8.4x1.9x
Fri, 24 Feb 2023د.ت10.9bد.ت6.9bد.ت1.5b8.4x7.3x1.6x
Sun, 22 Jan 2023د.ت11.5bد.ت6.9bد.ت1.5b8.5x7.6x1.7x
Price to Earnings Ratio

7.6x


Total Market Cap: د.ت11.5bTotal Earnings: د.ت1.5bTotal Revenue: د.ت6.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Tunisian Financials Sector Price to Earnings3Y Average 8.1x202420252026
Current Industry PE
  • Investors are optimistic on the Tunisian Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 9.4x which is higher than its 3-year average PE of 8.1x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 10.0% per year over the last three years.
  • Revenues for these companies have grown 9.2% 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 Tunisian Financials sector?

TN Market1.84%
Financials2.68%
Banks3.51%
Diversified Financial0.48%
Mortgage Finance0%0
Capital Markets0%0
Insurance-1.43%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 10.8x.
    • Analysts are expecting annual earnings decline of 10.2%, which is less than its past year's earnings decline of 23.2%.
  • Investors are most pessimistic about the Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.1x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 8.2% over the next 5 years.
  • This is better than its past earnings decline of 3.4% per year.
  • In contrast, the Capital Markets industry is expected to see its earnings decline by 10% 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
BIAT Banque Internationale Arabe de Tunisie Société anonymeد.ت117.208.5%
+د.ت375.4m		20.8%PB2.1x
BT Banque de Tunisie Société anonymeد.ت6.255.0%
+د.ت81.0m		23.0%PB1.2x
TJARI Banque Attijari de Tunisie Société anonymeد.ت66.001.7%
+د.ت55.0m		40.4%PB2.8x
AB Amen Bank Société anonymeد.ت49.992.0%
+د.ت34.6m		38.9%PB1x
TLS Tunisie Leasing & Factoring Société anonymeد.ت32.552.0%
+د.ت7.0m		84.8%PE9.4x

Latest News

BNA
د.ت12.00
Banque Nationale Agricole Société anonyme
7D
0.7%
1Y
47.2%
TLS
د.ت32.55
Tunisie Leasing & Factoring Société anonyme
7D
2.0%
1Y
84.8%
ATB
د.ت3.62
Arab Tunisian Bank
7D
-2.7%
1Y
34.1%
BH
د.ت10.35
BH Bank Société anonyme
7D
-0.5%
1Y
-18.7%
ASSMA
د.ت58.00
Assurances Maghrebia
7D
-1.7%
1Y
13.3%
TRE
د.ت10.09
Société Tunisienne de Réassurance
7D
-0.3%
1Y
24.7%
BIAT
د.ت117.20
Banque Internationale Arabe de Tunisie Société anonyme
7D
8.5%
1Y
20.8%
STB
د.ت3.80
Société Tunisienne de Banque Société anonyme
7D
-1.6%
1Y
36.2%
BNASS
د.ت3.10
BNA Assurances
7D
1.3%
1Y
31.4%
TJARI
د.ت66.00
Banque Attijari de Tunisie Société anonyme
7D
1.7%
1Y
40.4%
UBCI
د.ت33.49
Union Bancaire pour le Commerce et L'Industrie Société anonyme
7D
-0.9%
1Y
59.5%
WIFAK
د.ت7.77
Wifak International Bank
7D
2.9%
1Y
-10.6%
STAR
د.ت57.35
Société Tunisienne d'Assurances et de Réassurances
7D
-4.4%
1Y
42.0%
AB
د.ت49.99
Amen Bank Société anonyme
7D
2.0%
1Y
38.9%
BT
د.ت6.25
Banque de Tunisie Société anonyme
7D
5.0%
1Y
23.0%
UIB
د.ت24.99
Union Internationale de Banques Société anonyme
7D
-1.9%
1Y
10.1%