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Tunisian (TUNINDEX) Financials Sector Analysis
UpdatedJan 16, 2026
DataAggregated Company Financials
Companies25
- 7D4.8%
- 3M12.1%
- 1Y29.3%
- YTD2.9%
Over the last 7 days, the Financials industry has risen 2.7%, driven by gains from Banque Internationale Arabe de Tunisie Société anonyme of 12%. This takes the industry's 12 month performance to a gain of 26%. As for the next few years, earnings are expected to grow by 5.2% per annum.
Sector Valuation and Performance
Has the Tunisian Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 16 Jan 2026 | د.ت19.2b | د.ت8.9b | د.ت2.0b | 9.7x | 9.6x | 2.1x |
| Sun, 14 Dec 2025 | د.ت18.4b | د.ت9.2b | د.ت2.0b | 9.6x | 9x | 2x |
| Tue, 11 Nov 2025 | د.ت17.9b | د.ت9.2b | د.ت2.0b | 9.4x | 8.8x | 1.9x |
| Thu, 09 Oct 2025 | د.ت16.9b | د.ت9.1b | د.ت2.0b | 8.8x | 8.3x | 1.9x |
| Sat, 06 Sep 2025 | د.ت16.2b | د.ت9.0b | د.ت2.0b | 9.1x | 7.9x | 1.8x |
| Mon, 04 Aug 2025 | د.ت15.8b | د.ت8.9b | د.ت2.0b | 8.2x | 7.9x | 1.8x |
| Wed, 02 Jul 2025 | د.ت15.7b | د.ت8.9b | د.ت2.0b | 8.1x | 7.9x | 1.8x |
| Fri, 30 May 2025 | د.ت15.7b | د.ت8.9b | د.ت2.0b | 7.5x | 7.9x | 1.8x |
| Sun, 27 Apr 2025 | د.ت16.1b | د.ت8.7b | د.ت1.9b | 7.7x | 8.3x | 1.9x |
| Tue, 25 Mar 2025 | د.ت16.0b | د.ت7.7b | د.ت1.8b | 7.6x | 8.8x | 2.1x |
| Thu, 20 Feb 2025 | د.ت15.3b | د.ت7.5b | د.ت1.8b | 7.6x | 8.5x | 2x |
| Sat, 18 Jan 2025 | د.ت14.9b | د.ت7.5b | د.ت1.8b | 7.1x | 8.3x | 2x |
| Mon, 16 Dec 2024 | د.ت14.5b | د.ت7.9b | د.ت1.8b | 7.3x | 7.9x | 1.8x |
| Wed, 13 Nov 2024 | د.ت14.3b | د.ت7.7b | د.ت1.8b | 7.2x | 7.8x | 1.8x |
| Fri, 11 Oct 2024 | د.ت14.6b | د.ت7.7b | د.ت1.8b | 7.2x | 8x | 1.9x |
| Sun, 08 Sep 2024 | د.ت14.5b | د.ت7.7b | د.ت1.9b | 7.2x | 7.8x | 1.9x |
| Tue, 06 Aug 2024 | د.ت14.6b | د.ت7.6b | د.ت1.8b | 7x | 8x | 1.9x |
| Thu, 04 Jul 2024 | د.ت14.4b | د.ت7.6b | د.ت1.8b | 7.2x | 7.8x | 1.9x |
| Sat, 01 Jun 2024 | د.ت14.3b | د.ت8.1b | د.ت1.9b | 7.4x | 7.7x | 1.8x |
| Mon, 29 Apr 2024 | د.ت14.1b | د.ت8.2b | د.ت1.9b | 7.3x | 7.4x | 1.7x |
| Wed, 27 Mar 2024 | د.ت13.8b | د.ت7.7b | د.ت1.7b | 7.8x | 8.1x | 1.8x |
| Fri, 23 Feb 2024 | د.ت13.3b | د.ت7.7b | د.ت1.7b | 7.6x | 7.8x | 1.7x |
| Sun, 21 Jan 2024 | د.ت13.2b | د.ت6.9b | د.ت1.5b | 7.7x | 8.6x | 1.9x |
| Tue, 19 Dec 2023 | د.ت13.4b | د.ت6.9b | د.ت1.5b | 7.8x | 8.7x | 1.9x |
| Thu, 16 Nov 2023 | د.ت13.1b | د.ت7.6b | د.ت1.7b | 7.6x | 7.6x | 1.7x |
| Sat, 14 Oct 2023 | د.ت12.8b | د.ت7.6b | د.ت1.7b | 7.2x | 7.4x | 1.7x |
| Mon, 11 Sep 2023 | د.ت13.7b | د.ت7.5b | د.ت1.7b | 7.8x | 7.9x | 1.8x |
| Wed, 09 Aug 2023 | د.ت13.5b | د.ت7.5b | د.ت1.7b | 7.7x | 7.9x | 1.8x |
| Fri, 07 Jul 2023 | د.ت13.6b | د.ت7.5b | د.ت1.7b | 7.4x | 8x | 1.8x |
| Sun, 04 Jun 2023 | د.ت13.5b | د.ت7.4b | د.ت1.7b | 7.9x | 8x | 1.8x |
| Tue, 02 May 2023 | د.ت13.2b | د.ت7.3b | د.ت1.7b | 8x | 7.8x | 1.8x |
| Thu, 30 Mar 2023 | د.ت12.8b | د.ت6.9b | د.ت1.5b | 8.4x | 8.4x | 1.9x |
| Sat, 25 Feb 2023 | د.ت11.0b | د.ت6.9b | د.ت1.5b | 8.4x | 7.3x | 1.6x |
| Mon, 23 Jan 2023 | د.ت11.5b | د.ت6.9b | د.ت1.5b | 8.5x | 7.6x | 1.7x |
Price to Earnings Ratio
7.6x
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 Market | 4.13% | |
| Financials | 4.79% | |
| Banks | 5.71% | |
| Capital Markets | 2.64% | |
| Diversified Financial | 1.62% | |
| Insurance | 0.71% | |
| Mortgage Finance | 0% | 0 |
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 8.2x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BIAT Banque Internationale Arabe de Tunisie Société anonyme | د.ت121.19 | 12.2% +د.ت538.2m | 25.1% | PB2.2x | |
| TJARI Banque Attijari de Tunisie Société anonyme | د.ت67.90 | 4.7% +د.ت152.0m | 47.0% | PB2.9x | |
| AB Amen Bank Société anonyme | د.ت51.50 | 6.3% +د.ت106.5m | 45.1% | PB1.1x | |
| BT Banque de Tunisie Société anonyme | د.ت6.25 | 4.3% +د.ت70.2m | 24.0% | PB1.2x | |
| STAR Société Tunisienne d'Assurances et de Réassurances | د.ت60.60 | 2.9% +د.ت17.0m | 50.9% | PE17.8x |