Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Taiwanese (TAIEX) Banks Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies18
  • 7D3.3%
  • 3M6.6%
  • 1Y16.8%
  • YTD18.6%

The Banks industry is up 3.8% in the last week, with CTBC Financial Holding up 8.0%. This takes the industry's 12 month performance to a gain of 18%. As for the next few years, earnings are expected to grow by 8.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025NT$5.3tNT$1.2tNT$324.8b16x16.2x4.3x
Fri, 21 Nov 2025NT$4.8tNT$1.1tNT$315.3b15.1x15.4x4.3x
Sun, 19 Oct 2025NT$4.9tNT$1.2tNT$306.1b16.2x16.1x4.2x
Tue, 16 Sep 2025NT$5.0tNT$1.2tNT$309.5b16.6x16x4.2x
Thu, 14 Aug 2025NT$4.7tNT$1.1tNT$302.3b15.7x15.7x4.2x
Sat, 12 Jul 2025NT$4.8tNT$1.1tNT$302.7b16x15.7x4.3x
Mon, 09 Jun 2025NT$4.5tNT$1.1tNT$302.7b15.1x14.8x4x
Wed, 07 May 2025NT$4.4tNT$1.1tNT$306.1b14.4x14.3x4x
Fri, 04 Apr 2025NT$4.5tNT$1.1tNT$307.2b15x14.5x4.1x
Sun, 02 Mar 2025NT$4.5tNT$1.1tNT$301.3b14.3x14.8x3.9x
Tue, 28 Jan 2025NT$4.4tNT$1.1tNT$295.5b14.5x14.8x3.9x
Thu, 26 Dec 2024NT$4.3tNT$1.1tNT$295.5b14.2x14.6x3.8x
Sat, 23 Nov 2024NT$4.3tNT$1.1tNT$287.6b15.7x15x4x
Mon, 21 Oct 2024NT$4.4tNT$1.1tNT$284.1b16.1x15.4x4.1x
Wed, 18 Sep 2024NT$4.2tNT$1.1tNT$284.1b15.7x14.9x4x
Fri, 16 Aug 2024NT$4.2tNT$1.0tNT$281.9b15x15.1x4.1x
Sun, 14 Jul 2024NT$4.6tNT$1.0tNT$281.9b15.4x16.2x4.5x
Tue, 11 Jun 2024NT$4.3tNT$1.0tNT$281.2b15.2x15.3x4.2x
Thu, 09 May 2024NT$4.3tNT$807.3bNT$268.7b15.5x16.1x5.4x
Sat, 06 Apr 2024NT$4.1tNT$806.6bNT$268.5b15.1x15.1x5x
Mon, 04 Mar 2024NT$3.9tNT$938.6bNT$259.4b14.7x14.9x4.1x
Wed, 31 Jan 2024NT$3.8tNT$946.1bNT$265.4b13.9x14.3x4x
Fri, 29 Dec 2023NT$3.9tNT$946.1bNT$265.4b14.7x14.8x4.2x
Sun, 26 Nov 2023NT$3.9tNT$906.5bNT$253.3b15x15.3x4.3x
Tue, 24 Oct 2023NT$3.6tNT$897.8bNT$250.1b13.7x14.6x4.1x
Thu, 21 Sep 2023NT$3.7tNT$868.5bNT$250.1b14x14.9x4.3x
Sat, 19 Aug 2023NT$3.6tNT$838.9bNT$225.3b15.1x16x4.3x
Mon, 17 Jul 2023NT$3.8tNT$834.7bNT$222.5b15.8x17x4.5x
Wed, 14 Jun 2023NT$3.8tNT$799.1bNT$222.8b16x16.9x4.7x
Fri, 12 May 2023NT$3.6tNT$782.4bNT$210.3b16.2x17.3x4.6x
Sun, 09 Apr 2023NT$3.5tNT$780.0bNT$208.9b16.3x16.6x4.4x
Tue, 07 Mar 2023NT$3.5tNT$796.9bNT$220.3b14.4x15.9x4.4x
Thu, 02 Feb 2023NT$3.5tNT$786.0bNT$208.6b15.9x16.7x4.4x
Sat, 31 Dec 2022NT$3.4tNT$786.0bNT$208.6b15.4x16.2x4.3x
Price to Earnings Ratio

16.2x


Total Market Cap: NT$3.4tTotal Earnings: NT$208.6bTotal Revenue: NT$786.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Banks Industry Price to Earnings3Y Average 15.5x202320242025
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 15.5x.
  • The industry is trading close to its 3-year average PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 16% 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 Market2.81%
Financials3.67%
Banks3.26%
Diversified Banks3.27%
Regional Banks0.45%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 20.8x.
    • 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 8.4% 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 8.4% 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$50.408.0%
+NT$73.7b		28.1%PB2.1x
2887 TS Financial HoldingNT$20.904.2%
+NT$21.1b		17.4%PB1.1x
2890 SinoPac Financial HoldingsNT$29.053.6%
+NT$13.1b		27.0%PB1.8x
2892 First Financial HoldingNT$29.652.6%
+NT$10.8b		10.5%PB1.5x
2884 E.SUN Financial Holding CompanyNT$33.551.8%
+NT$9.7b		22.6%PB2.1x

Latest News

2887
NT$20.90
TS Financial Holding
7D
4.2%
1Y
17.4%
2801
NT$21.00
Chang Hwa Commercial Bank
7D
1.9%
1Y
24.2%
2884
NT$33.55
E.SUN Financial Holding Company
7D
1.8%
1Y
22.6%

2884: Nature Finance And Resilient Healthcare Partnerships Will Shape Balanced Future Prospects

Analysts have nudged their price target on E.SUN Financial Holding Company slightly higher to TWD 34.25, citing marginally stronger expected revenue growth and a modestly higher future price to earnings multiple, even as projected profit margins ease. What's in the News E.SUN signed a strategic partnership with the World Climate Foundation to advance nature based solutions and biodiversity investment across Asia, convening financial institutions, industry leaders, policymakers, and academia to accelerate capital flows into conservation and natural capital (company announcement).
2892
NT$29.65
First Financial Holding
7D
2.6%
1Y
10.5%

2892: Future Outlook Will Balance Margin Improvement With Moderating Revenue Expectations

Analysts have raised their price target for First Financial Holding from 28.20 dollars to 29.90 dollars, citing expectations of slightly lower revenue growth, improved profit margins, and a modestly higher future price to earnings multiple. Valuation Changes Fair Value: Raised slightly from NT$28.20 to NT$29.90, reflecting a modestly higher intrinsic valuation.
2880
NT$32.00
Hua Nan Financial Holdings
7D
2.1%
1Y
22.2%
2891
NT$50.40
CTBC Financial Holding
7D
8.0%
1Y
28.1%

2891: Profitability Improvements Will Support Fairly Valued Outlook Despite Weaker Revenue Expectations

Analysts have nudged their price target on CTBC Financial Holding slightly higher, boosting fair value by TWD 0.50 to TWD 47.84. They cited a modestly lower discount rate and expectations for improved profit margins, despite softer revenue growth assumptions and a marginally richer forward P/E multiple.
2890
NT$29.05
SinoPac Financial Holdings
7D
3.6%
1Y
27.0%

2890: Slightly Lower Risk Assumptions Will Support Steady Long Term Outlook

Analysts have modestly adjusted their price target on SinoPac Financial Holdings, nudging it higher to reflect incremental improvements in discount rate assumptions and slightly more favorable long term earnings expectations, with the fair value estimate now anchored around $29.72 per share. Valuation Changes The fair value estimate remains unchanged at approximately NT$29.72 per share, indicating no material revision to the intrinsic value assessment.
2886
NT$40.95
Mega Financial Holding
7D
1.5%
1Y
4.7%
5863
NT$12.00
Taipei Star Bank
7D
-1.6%
1Y
-2.1%