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Taiwanese (TAIEX) Banks Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies18
  • 7D2.5%
  • 3M2.1%
  • 1Y19.0%
  • YTD3.8%

Over the last 7 days, the Banks industry has risen 2.5%, driven by gains from CTBC Financial Holding of 7.8%. This takes the industry's 12 month performance to a gain of 19%. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026NT$5.5tNT$1.3tNT$353.4b15.9x15.4x4.2x
Tue, 07 Apr 2026NT$5.4tNT$1.3tNT$353.4b15.7x15.3x4.2x
Thu, 05 Mar 2026NT$5.3tNT$1.2tNT$327.2b15.8x16.2x4.4x
Sat, 31 Jan 2026NT$5.2tNT$1.2tNT$324.8b15.6x16x4.3x
Mon, 29 Dec 2025NT$5.2tNT$1.2tNT$324.8b15.9x16.1x4.3x
Wed, 26 Nov 2025NT$4.8tNT$1.2tNT$318.0b15x15.2x4.1x
Fri, 24 Oct 2025NT$4.9tNT$1.2tNT$306.1b16.1x16.1x4.2x
Sun, 21 Sep 2025NT$5.0tNT$1.2tNT$309.5b16.7x16x4.2x
Tue, 19 Aug 2025NT$4.8tNT$1.1tNT$304.0b15.6x15.7x4.3x
Thu, 17 Jul 2025NT$4.8tNT$1.1tNT$302.7b15.8x15.8x4.3x
Sat, 14 Jun 2025NT$4.6tNT$1.1tNT$302.7b15x15x4.1x
Mon, 12 May 2025NT$4.4tNT$1.1tNT$306.4b14.9x14.5x4x
Wed, 09 Apr 2025NT$4.1tNT$1.1tNT$307.1b13.9x13.4x3.8x
Fri, 07 Mar 2025NT$4.5tNT$1.1tNT$301.3b14.9x14.8x3.9x
Sun, 02 Feb 2025NT$4.4tNT$1.1tNT$295.5b14.5x14.8x3.9x
Tue, 31 Dec 2024NT$4.3tNT$1.1tNT$295.5b14.4x14.6x3.8x
Thu, 28 Nov 2024NT$4.3tNT$1.1tNT$291.0b16.2x14.9x3.8x
Sat, 26 Oct 2024NT$4.3tNT$1.1tNT$284.1b16x15.1x4x
Mon, 23 Sep 2024NT$4.3tNT$1.1tNT$284.1b15.9x15x4x
Wed, 21 Aug 2024NT$4.3tNT$1.0tNT$278.2b15.3x15.5x4.2x
Fri, 19 Jul 2024NT$4.5tNT$1.0tNT$281.9b15.4x16.1x4.4x
Sun, 16 Jun 2024NT$4.3tNT$1.0tNT$281.2b14.9x15.4x4.2x
Tue, 14 May 2024NT$4.4tNT$808.5bNT$269.6b15.4x16.1x5.4x
Thu, 11 Apr 2024NT$4.1tNT$806.6bNT$268.5b15.3x15.4x5.1x
Sat, 09 Mar 2024NT$3.9tNT$939.2bNT$259.9b14.8x15.2x4.2x
Mon, 05 Feb 2024NT$3.8tNT$946.1bNT$265.4b14x14.4x4.1x
Wed, 03 Jan 2024NT$3.9tNT$946.1bNT$265.4b14.6x14.8x4.2x
Fri, 01 Dec 2023NT$3.9tNT$904.9bNT$263.2b14.8x14.8x4.3x
Sun, 29 Oct 2023NT$3.6tNT$897.8bNT$250.1b13.7x14.6x4.1x
Tue, 26 Sep 2023NT$3.7tNT$897.8bNT$250.1b13.7x14.7x4.1x
Thu, 24 Aug 2023NT$3.6tNT$838.9bNT$225.3b15.1x16x4.3x
Sat, 22 Jul 2023NT$3.8tNT$835.3bNT$222.5b15.7x17.2x4.6x
Mon, 19 Jun 2023NT$3.7tNT$799.1bNT$222.8b16x16.7x4.7x
Wed, 17 May 2023NT$3.7tNT$785.0bNT$212.0b16.4x17.2x4.7x
Price to Earnings Ratio

17.2x


Total Market Cap: NT$3.7tTotal Earnings: NT$212.0bTotal Revenue: NT$785.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Banks Industry Price to Earnings3Y Average 15.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the Taiwanese Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 15.4x.
  • The industry is trading close to its 3-year average PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 18% 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 Taiwanese Financials industry?

TW Market6.73%
Financials3.81%
Banks2.54%
Diversified Banks2.55%
Regional Banks0.36%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 21.0x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 15.4x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 10% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow 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
2891 CTBC Financial HoldingNT$56.407.8%
+NT$80.7b		41.2%PB2.3x
2880 Hua Nan Financial HoldingsNT$33.303.9%
+NT$17.4b		20.1%PB2x
2886 Mega Financial HoldingNT$40.202.8%
+NT$16.3b		3.2%PB1.5x
2884 E.SUN Financial Holding CompanyNT$32.502.0%
+NT$10.5b		10.2%PB1.9x
2892 First Financial HoldingNT$29.502.3%
+NT$9.3b		16.5%PB1.5x

Latest News

5876
NT$38.90
Shanghai Commercial & Savings Bank
7D
-0.4%
1Y
-17.2%
2892
NT$29.50
First Financial Holding
7D
2.3%
1Y
16.5%
Narrative Update • Apr 28

2892: Fair Outlook Will Depend On Sustained Margins And Discount Rate Assumptions

Analysts have adjusted their price target for First Financial Holding to NT$29.8 from NT$28.8, citing updated assumptions around revenue growth, profit margins, a lower discount rate, and a revised future P/E estimate. Valuation Changes Fair Value: NT$29.8 compared with the previous NT$28.8, a modest upward adjustment in the target estimate.
2884
NT$32.50
E.SUN Financial Holding Company
7D
2.0%
1Y
10.2%
Narrative Update • Apr 25

2884: Modest Pricing And Margin Adjustments Will Support Balanced Longer Term Risk Profile

Analysts have increased their price target for E.SUN Financial Holding Company slightly to around NT$35.63 from NT$35.53, citing updated assumptions for the discount rate, revenue growth, profit margin and forward P/E. Valuation Changes Fair Value: adjusted from NT$35.53 to NT$35.63, reflecting a slight upward change in the modelled estimate.
2891
NT$56.40
CTBC Financial Holding
7D
7.8%
1Y
41.2%
2845
NT$12.20
Far Eastern International Bank
7D
-0.4%
1Y
-4.5%
2834
NT$16.25
Taiwan Business Bank
7D
-0.6%
1Y
18.4%
2880
NT$33.30
Hua Nan Financial Holdings
7D
3.9%
1Y
20.1%
2801
NT$20.95
Chang Hwa Commercial Bank
7D
-0.9%
1Y
18.6%
5880
NT$23.05
Taiwan Cooperative Financial Holding
7D
0.4%
1Y
-4.8%
2838
NT$20.55
Union Bank of Taiwan
7D
2.8%
1Y
27.1%
2886
NT$40.20
Mega Financial Holding
7D
2.8%
1Y
3.2%
2849
NT$14.10
EnTie Commercial Bank
7D
3.3%
1Y
5.2%
2812
NT$19.75
Taichung Commercial Bank
7D
-0.5%
1Y
3.6%