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Tunisian (TUNINDEX) Banks Industry Analysis
UpdatedMay 11, 2026
DataAggregated Company Financials
Companies10
- 7D3.3%
- 3M10.9%
- 1Y42.3%
- YTD23.3%
Over the last 7 days, the Banks industry has risen 3.3%, driven by gains from Banque Internationale Arabe de Tunisie Société anonyme of 3.7%. In the last 12 months, the industry was up 42%. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Tunisian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 11 May 2026 | د.ت18.3b | د.ت6.1b | د.ت1.7b | 11.6x | 11x | 3x |
| Wed, 08 Apr 2026 | د.ت17.5b | د.ت5.8b | د.ت1.7b | 11x | 10.6x | 3x |
| Fri, 06 Mar 2026 | د.ت17.0b | د.ت5.8b | د.ت1.7b | 11.7x | 10.2x | 2.9x |
| Sun, 01 Feb 2026 | د.ت16.1b | د.ت5.8b | د.ت1.7b | 11.6x | 9.7x | 2.8x |
| Tue, 30 Dec 2025 | د.ت14.8b | د.ت5.8b | د.ت1.7b | 10.3x | 8.9x | 2.6x |
| Thu, 27 Nov 2025 | د.ت14.8b | د.ت5.8b | د.ت1.7b | 9.9x | 8.9x | 2.6x |
| Sat, 25 Oct 2025 | د.ت13.8b | د.ت5.8b | د.ت1.7b | 9.1x | 8.3x | 2.4x |
| Mon, 22 Sep 2025 | د.ت13.3b | د.ت5.7b | د.ت1.7b | 7.8x | 8.1x | 2.3x |
| Wed, 20 Aug 2025 | د.ت12.5b | د.ت5.6b | د.ت1.6b | 8.6x | 8x | 2.2x |
| Fri, 18 Jul 2025 | د.ت12.4b | د.ت5.6b | د.ت1.6b | 8.7x | 8x | 2.2x |
| Sun, 15 Jun 2025 | د.ت11.9b | د.ت5.6b | د.ت1.6b | 8.7x | 7.7x | 2.1x |
| Tue, 13 May 2025 | د.ت12.1b | د.ت5.6b | د.ت1.6b | 8.7x | 7.8x | 2.2x |
| Thu, 10 Apr 2025 | د.ت12.6b | د.ت5.2b | د.ت1.4b | 7.7x | 8.9x | 2.4x |
| Sat, 08 Mar 2025 | د.ت12.6b | د.ت5.2b | د.ت1.4b | 7.7x | 8.9x | 2.4x |
| Mon, 03 Feb 2025 | د.ت11.8b | د.ت5.2b | د.ت1.4b | 7.6x | 8.3x | 2.3x |
| Wed, 01 Jan 2025 | د.ت11.5b | د.ت5.2b | د.ت1.4b | 7.6x | 8.1x | 2.2x |
| Fri, 29 Nov 2024 | د.ت11.3b | د.ت5.2b | د.ت1.4b | 7.8x | 7.9x | 2.1x |
| Sun, 27 Oct 2024 | د.ت11.3b | د.ت5.2b | د.ت1.4b | 7.5x | 7.9x | 2.2x |
| Tue, 24 Sep 2024 | د.ت11.4b | د.ت5.2b | د.ت1.4b | 7.7x | 8x | 2.2x |
| Thu, 22 Aug 2024 | د.ت11.4b | د.ت5.2b | د.ت1.4b | 7.8x | 8x | 2.2x |
| Sat, 20 Jul 2024 | د.ت11.6b | د.ت5.2b | د.ت1.4b | 8x | 8.1x | 2.2x |
| Mon, 17 Jun 2024 | د.ت11.6b | د.ت5.2b | د.ت1.4b | 7.7x | 8x | 2.2x |
| Wed, 15 May 2024 | د.ت10.8b | د.ت5.3b | د.ت1.5b | 7.5x | 7.2x | 2x |
| Fri, 12 Apr 2024 | د.ت11.1b | د.ت5.0b | د.ت1.4b | 8x | 7.8x | 2.2x |
| Sun, 10 Mar 2024 | د.ت10.7b | د.ت4.8b | د.ت1.3b | 8.4x | 8.1x | 2.3x |
| Tue, 06 Feb 2024 | د.ت10.5b | د.ت4.0b | د.ت1.2b | 8.5x | 9.1x | 2.6x |
| Thu, 04 Jan 2024 | د.ت10.6b | د.ت4.0b | د.ت1.2b | 8.6x | 9.1x | 2.6x |
| Sat, 02 Dec 2023 | د.ت10.4b | د.ت4.7b | د.ت1.3b | 8x | 7.7x | 2.2x |
| Mon, 30 Oct 2023 | د.ت10.3b | د.ت4.7b | د.ت1.3b | 7.8x | 7.7x | 2.2x |
| Wed, 27 Sep 2023 | د.ت10.1b | د.ت4.7b | د.ت1.3b | 7.6x | 7.5x | 2.1x |
| Fri, 25 Aug 2023 | د.ت10.7b | د.ت4.7b | د.ت1.3b | 7.9x | 8x | 2.3x |
| Sun, 23 Jul 2023 | د.ت10.8b | د.ت4.7b | د.ت1.3b | 7.9x | 8.1x | 2.3x |
| Tue, 20 Jun 2023 | د.ت10.5b | د.ت4.7b | د.ت1.3b | 7.8x | 7.9x | 2.2x |
| Thu, 18 May 2023 | د.ت10.3b | د.ت4.7b | د.ت1.3b | 7.5x | 7.7x | 2.2x |
Price to Earnings Ratio
7.7x
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 11.0x which is higher than its 3-year average PE of 8.4x.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Banks industry have grown 7.7% per year over the last three years.
- Revenues for these companies have grown 9.1% 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 Market | 2.61% | |
| Financials | 3.00% | |
| Banks | 3.28% | |
| Diversified Banks | 3.28% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 8.4x.
- Analysts are expecting annual earnings growth of 11.2%, which is higher than its past year's earnings growth of 1.7% 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 8.4x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 11% over the next 5 years.
- This is better than its past earnings growth rate of 1.7% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 11% 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.ت155.10 | 3.4% +د.ت208.1m | 59.4% | PB2.5x | |
| AB Amen Bank Société anonyme | د.ت67.00 | 4.8% +د.ت106.5m | 61.4% | PB1.3x | |
| BT Banque de Tunisie Société anonyme | د.ت7.17 | 1.6% +د.ت29.7m | 40.9% | PB1.3x | |
| UBCI Union Bancaire pour le Commerce et L'Industrie Société anonyme | د.ت38.00 | 2.4% +د.ت18.0m | 105.4% | PB1.4x | |
| BNA Banque Nationale Agricole Société anonyme | د.ت16.20 | 1.5% +د.ت15.2m | 76.1% | PB0.4x |