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Tunisian (TUNINDEX) Banks Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies10
  • 7D0.6%
  • 3M20.5%
  • 1Y39.1%
  • YTD19.2%

Over the last 7 days, the Banks industry has risen 1.1%, driven by gains from Banque Attijari de Tunisie Société anonyme of 4.7%. In the last 12 months, the industry was up 41%. Looking forward, earnings are forecast to grow by 4.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026د.ت17.7bد.ت5.8bد.ت1.7b11.7x10.7x3.1x
Sat, 21 Feb 2026د.ت16.6bد.ت5.8bد.ت1.7b11.1x10x2.9x
Mon, 19 Jan 2026د.ت15.5bد.ت5.8bد.ت1.7b10.5x9.3x2.7x
Wed, 17 Dec 2025د.ت14.7bد.ت5.8bد.ت1.7b10.2x8.8x2.5x
Fri, 14 Nov 2025د.ت14.7bد.ت5.8bد.ت1.7b9.3x8.9x2.5x
Sun, 12 Oct 2025د.ت13.5bد.ت5.7bد.ت1.7b8.2x8.2x2.4x
Tue, 09 Sep 2025د.ت12.6bد.ت5.7bد.ت1.7b7.6x7.6x2.2x
Thu, 07 Aug 2025د.ت12.4bد.ت5.6bد.ت1.6b8.6x8x2.2x
Sat, 05 Jul 2025د.ت12.3bد.ت5.6bد.ت1.6b8.7x7.9x2.2x
Mon, 02 Jun 2025د.ت12.3bد.ت5.6bد.ت1.6b8.5x7.9x2.2x
Wed, 30 Apr 2025د.ت12.9bد.ت5.5bد.ت1.5b7.6x8.5x2.3x
Fri, 28 Mar 2025د.ت12.8bد.ت5.2bد.ت1.4b7.7x8.9x2.4x
Sun, 23 Feb 2025د.ت12.3bد.ت5.2bد.ت1.4b7.6x8.6x2.4x
Tue, 21 Jan 2025د.ت11.7bد.ت5.2bد.ت1.4b7.6x8.2x2.2x
Thu, 19 Dec 2024د.ت11.3bد.ت5.2bد.ت1.4b7.5x7.9x2.2x
Sat, 16 Nov 2024د.ت11.2bد.ت5.2bد.ت1.4b7.5x7.9x2.1x
Mon, 14 Oct 2024د.ت11.5bد.ت5.2bد.ت1.4b7.6x8.1x2.2x
Wed, 11 Sep 2024د.ت11.4bد.ت5.2bد.ت1.4b7.7x8x2.2x
Fri, 09 Aug 2024د.ت11.5bد.ت5.2bد.ت1.4b7.8x8x2.2x
Sun, 07 Jul 2024د.ت11.5bد.ت5.2bد.ت1.4b7.9x8x2.2x
Tue, 04 Jun 2024د.ت11.3bد.ت5.2bد.ت1.4b8.3x7.9x2.2x
Thu, 02 May 2024د.ت11.1bد.ت5.3bد.ت1.5b7.9x7.4x2.1x
Sat, 30 Mar 2024د.ت11.0bد.ت4.8bد.ت1.3b8.4x8.3x2.3x
Mon, 26 Feb 2024د.ت10.7bد.ت4.8bد.ت1.3b8.4x8.1x2.2x
Wed, 24 Jan 2024د.ت10.5bد.ت4.0bد.ت1.2b8.4x9.1x2.6x
Fri, 22 Dec 2023د.ت10.5bد.ت4.0bد.ت1.2b8.5x9.1x2.6x
Sun, 19 Nov 2023د.ت10.4bد.ت4.7bد.ت1.3b8x7.7x2.2x
Tue, 17 Oct 2023د.ت10.3bد.ت4.7bد.ت1.3b7.8x7.7x2.2x
Thu, 14 Sep 2023د.ت10.7bد.ت4.7bد.ت1.3b8.2x8x2.3x
Sat, 12 Aug 2023د.ت10.7bد.ت4.7bد.ت1.3b7.6x8x2.3x
Mon, 10 Jul 2023د.ت10.8bد.ت4.7bد.ت1.3b7.9x8.1x2.3x
Wed, 07 Jun 2023د.ت10.6bد.ت4.7bد.ت1.3b7.8x7.9x2.3x
Fri, 05 May 2023د.ت10.3bد.ت4.7bد.ت1.3b8x7.7x2.2x
Sun, 02 Apr 2023د.ت10.0bد.ت4.2bد.ت1.1b8.9x8.9x2.4x
Price to Earnings Ratio

8.9x


Total Market Cap: د.ت10.0bTotal Earnings: د.ت1.1bTotal Revenue: د.ت4.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Tunisian Banks Industry Price to Earnings3Y Average 8.3x202420252026
Current Industry PE
  • Investors are optimistic on the Tunisian Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 10.7x which is higher than its 3-year average PE of 8.3x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 14% 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 Tunisian Financials industry?

TN Market0.50%
Financials0.91%
Banks0.58%
Diversified Banks0.58%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 8.3x.
    • Analysts are expecting annual earnings growth of 4.9%, which is lower than the prior year's growth of 12.8% per year.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.3x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 4.9% over the next 5 years.
  • However this is lower than its past earnings growth rate of 13% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 4.9% 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
TJARI Banque Attijari de Tunisie Société anonymeد.ت74.024.6%
+د.ت163.5m		19.6%PB3x
BIAT Banque Internationale Arabe de Tunisie Société anonymeد.ت144.991.5%
+د.ت84.9m		47.0%PB2.7x
BNA Banque Nationale Agricole Société anonymeد.ت15.983.5%
+د.ت34.3m		82.6%PB0.5x
STB Société Tunisienne de Banque Société anonymeد.ت4.182.0%
+د.ت12.3m		40.3%PB0.5x

Latest News

TJARI
د.ت74.02
Banque Attijari de Tunisie Société anonyme
7D
4.6%
1Y
19.6%
BNA
د.ت15.98
Banque Nationale Agricole Société anonyme
7D
3.5%
1Y
82.6%
ATB
د.ت3.69
Arab Tunisian Bank
7D
-2.1%
1Y
21.4%
BIAT
د.ت144.99
Banque Internationale Arabe de Tunisie Société anonyme
7D
1.5%
1Y
47.0%
STB
د.ت4.18
Société Tunisienne de Banque Société anonyme
7D
2.0%
1Y
40.3%
UBCI
د.ت37.60
Union Bancaire pour le Commerce et L'Industrie Société anonyme
7D
-1.1%
1Y
86.1%
AB
د.ت60.18
Amen Bank Société anonyme
7D
-1.3%
1Y
51.6%
BT
د.ت7.20
Banque de Tunisie Société anonyme
7D
-5.1%
1Y
40.4%
UIB
د.ت27.00
Union Internationale de Banques Société anonyme
7D
-4.3%
1Y
19.4%