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Tunisian (TUNINDEX) Financials Sector Analysis
UpdatedJul 21, 2026
DataAggregated Company Financials
Companies25
- 7D8.3%
- 3M37.4%
- 1Y89.6%
- YTD60.7%
Over the last 7 days, the Financials industry has risen 8.3%, driven by gains in Banque Internationale Arabe de Tunisie Société anonyme and Amen Bank Société anonyme of 7.1% and 14%, respectively. This means that the industry has gained 90% over the past year. Earnings are forecast to grow by 10% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 21 Jul 2026 | د.ت30.1b | د.ت9.4b | د.ت2.1b | 13.8x | 14.6x | 3.2x |
| Thu, 18 Jun 2026 | د.ت25.0b | د.ت9.1b | د.ت2.1b | 12.1x | 12.1x | 2.7x |
| Sat, 16 May 2026 | د.ت23.9b | د.ت9.1b | د.ت2.0b | 11.7x | 11.8x | 2.6x |
| Mon, 13 Apr 2026 | د.ت21.9b | د.ت9.0b | د.ت2.0b | 10.5x | 10.9x | 2.4x |
| Wed, 11 Mar 2026 | د.ت21.3b | د.ت8.9b | د.ت2.0b | 11.6x | 10.6x | 2.4x |
| Fri, 06 Feb 2026 | د.ت20.4b | د.ت8.9b | د.ت2.0b | 11.4x | 10.2x | 2.3x |
| Sun, 04 Jan 2026 | د.ت18.6b | د.ت8.9b | د.ت2.0b | 9.8x | 9.3x | 2.1x |
| Tue, 02 Dec 2025 | د.ت18.4b | د.ت9.2b | د.ت2.0b | 9.6x | 9.1x | 2x |
| Thu, 30 Oct 2025 | د.ت17.5b | د.ت9.2b | د.ت2.0b | 9.2x | 8.6x | 1.9x |
| Sat, 27 Sep 2025 | د.ت17.0b | د.ت9.1b | د.ت2.0b | 8.9x | 8.4x | 1.9x |
| Mon, 25 Aug 2025 | د.ت16.0b | د.ت8.9b | د.ت1.9b | 8.7x | 8.2x | 1.8x |
| Wed, 23 Jul 2025 | د.ت15.8b | د.ت8.9b | د.ت2.0b | 8.5x | 8x | 1.8x |
| Fri, 20 Jun 2025 | د.ت15.1b | د.ت8.9b | د.ت2.0b | 7.5x | 7.6x | 1.7x |
| Sun, 18 May 2025 | د.ت15.9b | د.ت8.9b | د.ت2.0b | 7.7x | 8x | 1.8x |
| Tue, 15 Apr 2025 | د.ت15.9b | د.ت8.1b | د.ت1.9b | 7.6x | 8.6x | 2x |
| Thu, 13 Mar 2025 | د.ت16.0b | د.ت7.7b | د.ت1.8b | 7.5x | 8.8x | 2.1x |
| Sat, 08 Feb 2025 | د.ت15.2b | د.ت7.5b | د.ت1.8b | 7.2x | 8.4x | 2x |
| Mon, 06 Jan 2025 | د.ت14.6b | د.ت7.5b | د.ت1.8b | 7.1x | 8.1x | 1.9x |
| Wed, 04 Dec 2024 | د.ت14.5b | د.ت7.9b | د.ت1.8b | 7.2x | 7.9x | 1.8x |
| Fri, 01 Nov 2024 | د.ت14.4b | د.ت7.7b | د.ت1.8b | 7.3x | 7.9x | 1.9x |
| Sun, 29 Sep 2024 | د.ت14.9b | د.ت7.7b | د.ت1.8b | 7.5x | 8.1x | 1.9x |
| Tue, 27 Aug 2024 | د.ت14.5b | د.ت7.6b | د.ت1.8b | 7.1x | 7.9x | 1.9x |
| Thu, 25 Jul 2024 | د.ت14.7b | د.ت7.6b | د.ت1.8b | 7.2x | 8x | 1.9x |
| Sat, 22 Jun 2024 | د.ت14.7b | د.ت8.1b | د.ت1.9b | 7.6x | 7.9x | 1.8x |
| Mon, 20 May 2024 | د.ت13.8b | د.ت8.1b | د.ت1.9b | 7.2x | 7.2x | 1.7x |
| Wed, 17 Apr 2024 | د.ت14.1b | د.ت8.1b | د.ت1.9b | 7.8x | 7.5x | 1.7x |
| Fri, 15 Mar 2024 | د.ت13.6b | د.ت7.7b | د.ت1.7b | 7.8x | 8x | 1.8x |
| Sun, 11 Feb 2024 | د.ت13.2b | د.ت6.9b | د.ت1.5b | 7.6x | 8.6x | 1.9x |
| Tue, 09 Jan 2024 | د.ت13.3b | د.ت6.9b | د.ت1.5b | 7.7x | 8.6x | 1.9x |
| Thu, 07 Dec 2023 | د.ت13.3b | د.ت6.9b | د.ت1.5b | 7.7x | 8.6x | 1.9x |
| Sat, 04 Nov 2023 | د.ت13.0b | د.ت7.6b | د.ت1.7b | 7.3x | 7.5x | 1.7x |
| Mon, 02 Oct 2023 | د.ت12.9b | د.ت7.6b | د.ت1.7b | 7.2x | 7.4x | 1.7x |
| Wed, 30 Aug 2023 | د.ت13.7b | د.ت7.5b | د.ت1.7b | 7.7x | 8x | 1.8x |
| Fri, 28 Jul 2023 | د.ت13.7b | د.ت7.5b | د.ت1.7b | 7.6x | 8x | 1.8x |
Price to Earnings Ratio
8x
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 14.6x which is higher than its 3-year average PE of 8.7x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 6.4% per year over the last three years.
- Revenues for these companies have grown 7.9% 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 | 4.51% | |
| Financials | 8.30% | |
| Diversified Financial | 13.56% | |
| Insurance | 10.81% | |
| Banks | 7.60% | |
| Capital Markets | 1.95% | |
| Mortgage Finance | 0% | 0 |
Industry PE
- Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 10.9x.
- Analysts are expecting annual earnings growth of 11.5%, which is higher than its past year's earnings growth of 4.5% per year.
- 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 8.7x.
Forecasted Growth
- Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings growth rate of 4.5% per year.
- In contrast, the Capital Markets industry is expected to see its earnings grow by 2.1% 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.ت179.89 | 5.8% +د.ت403.5m | 91.8% | PB2.9x | |
| AB Amen Bank Société anonyme | د.ت96.80 | 8.2% +د.ت254.9m | 133.8% | PB1.8x | |
| BNA Banque Nationale Agricole Société anonyme | د.ت25.82 | 8.3% +د.ت125.0m | 216.8% | PB0.7x | |
| UIB Union Internationale de Banques Société anonyme | د.ت35.00 | 11.1% +د.ت121.0m | 66.7% | PB1.1x | |
| TJARI Banque Attijari de Tunisie Société anonyme | د.ت98.00 | 2.1% +د.ت100.0m | 69.7% | PB4x |