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Taiwanese (TAIEX) Banks Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies18
  • 7D2.1%
  • 3M19.3%
  • 1Y35.6%
  • YTD22.4%

In the last week, the Banks industry is up 2.1%, with SinoPac Financial Holdings up 8.8%. This means that the industry has gained 36% over the past year. Looking forward, earnings are forecast to grow by 6.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jun 2026NT$6.4tNT$1.4tNT$398.8b16.3x16.1x4.7x
Fri, 22 May 2026NT$5.4tNT$1.3tNT$359.0b14.8x15x4.1x
Sun, 19 Apr 2026NT$5.5tNT$1.3tNT$353.4b15.8x15.5x4.2x
Tue, 17 Mar 2026NT$5.4tNT$1.3tNT$353.7b15.5x15.2x4.2x
Thu, 12 Feb 2026NT$5.4tNT$1.2tNT$324.8b16.5x16.6x4.4x
Sat, 10 Jan 2026NT$5.2tNT$1.2tNT$324.8b16x16x4.3x
Mon, 08 Dec 2025NT$5.0tNT$1.2tNT$324.8b15.1x15.3x4.1x
Wed, 05 Nov 2025NT$4.9tNT$1.2tNT$306.1b15.8x15.9x4.1x
Fri, 03 Oct 2025NT$4.9tNT$1.2tNT$306.1b16.4x16.1x4.2x
Sun, 31 Aug 2025NT$4.8tNT$1.2tNT$309.4b15.7x15.4x4x
Tue, 29 Jul 2025NT$4.7tNT$1.1tNT$302.7b15.3x15.5x4.2x
Thu, 26 Jun 2025NT$4.6tNT$1.1tNT$302.7b15.5x15.2x4.1x
Sat, 24 May 2025NT$4.5tNT$1.1tNT$305.2b15x14.9x4.1x
Mon, 21 Apr 2025NT$4.2tNT$1.1tNT$307.1b13.9x13.7x3.8x
Wed, 19 Mar 2025NT$4.5tNT$902.3bNT$311.1b13.8x14.4x5x
Fri, 14 Feb 2025NT$4.4tNT$1.1tNT$295.5b14.5x15x3.9x
Sun, 12 Jan 2025NT$4.3tNT$1.1tNT$295.5b14.3x14.5x3.8x
Tue, 10 Dec 2024NT$4.4tNT$1.1tNT$295.5b14.4x14.9x3.9x
Thu, 07 Nov 2024NT$4.3tNT$1.1tNT$282.6b15.8x15x4x
Sat, 05 Oct 2024NT$4.3tNT$1.1tNT$284.1b15.9x15.1x4x
Mon, 02 Sep 2024NT$4.2tNT$969.2bNT$284.1b15.7x14.9x4.4x
Wed, 31 Jul 2024NT$4.4tNT$1.0tNT$281.9b15.2x15.6x4.3x
Fri, 28 Jun 2024NT$4.4tNT$1.0tNT$281.2b15x15.6x4.3x
Sun, 26 May 2024NT$4.3tNT$1.0tNT$272.9b15x15.8x4.2x
Tue, 23 Apr 2024NT$4.0tNT$806.0bNT$267.4b14.9x15x5x
Thu, 21 Mar 2024NT$4.0tNT$806.7bNT$269.1b15.1x15x5x
Sat, 17 Feb 2024NT$3.8tNT$946.1bNT$265.4b13.9x14.4x4x
Mon, 15 Jan 2024NT$3.9tNT$946.1bNT$265.4b14.3x14.6x4.1x
Wed, 13 Dec 2023NT$3.9tNT$946.3bNT$265.4b14.6x14.7x4.1x
Fri, 10 Nov 2023NT$3.7tNT$899.9bNT$252.1b14.1x14.8x4.2x
Sun, 08 Oct 2023NT$3.7tNT$897.8bNT$250.1b13.8x14.7x4.1x
Tue, 05 Sep 2023NT$3.7tNT$867.9bNT$250.1b13.4x14.6x4.2x
Thu, 03 Aug 2023NT$3.8tNT$835.3bNT$222.5b15.8x17.3x4.6x
Sat, 01 Jul 2023NT$3.8tNT$834.8bNT$222.5b16x16.9x4.5x
Price to Earnings Ratio

16.9x


Total Market Cap: NT$3.8tTotal Earnings: NT$222.5bTotal Revenue: NT$834.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Banks Industry Price to Earnings3Y Average 15.3x202420252026
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 15.3x.
  • The 3-year average PS ratio of 4.2x is lower than the industry's current PS ratio of 4.7x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 21% 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 Market2.77%
Financials2.55%
Banks2.08%
Diversified Banks2.09%
Regional Banks0.11%
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 15.3x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 6.6% over the next 5 years.
  • However this is lower than its past earnings growth rate of 21% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.6% 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
2890 SinoPac Financial HoldingsNT$39.558.8%
+NT$46.4b		67.9%PB2.2x
2834 Taiwan Business BankNT$17.800.8%
+NT$1.5b		23.3%PB1.2x
2838 Union Bank of TaiwanNT$22.550.4%
+NT$434.1m		37.9%PB1.2x
2849 EnTie Commercial BankNT$14.701.0%
+NT$293.6m		10.1%PB0.8x

Latest News

2884
NT$35.00
E.SUN Financial Holding Company
7D
-1.4%
1Y
9.4%
2890
NT$39.55
SinoPac Financial Holdings
7D
8.8%
1Y
67.9%
5880
NT$24.40
Taiwan Cooperative Financial Holding
7D
-1.4%
1Y
1.1%
2892
NT$32.05
First Financial Holding
7D
-1.4%
1Y
14.9%
Narrative Update • Jun 15

2892: Future Outlook Will Balance Softer Revenue Assumptions With Stable Fair Pricing

Analysts have kept their NT$30.90 price target for First Financial Holding steady, explaining that slightly lower revenue growth assumptions are being balanced by a marginally higher profit margin outlook and a small adjustment in the discount rate and future P/E input. What's in the News No recent company specific news items or key developments were provided in the available sources.
2887
NT$31.60
TS Financial Holding
7D
-3.1%
1Y
100.0%
2880
NT$37.00
Hua Nan Financial Holdings
7D
-2.9%
1Y
38.4%
2891
NT$69.90
CTBC Financial Holding
7D
-1.5%
1Y
59.2%
Narrative Update • Jun 03

2891: Future Returns Will Rely On Profitability Assumptions And Discount Rate Stability

Analysts have lifted their fair value estimate for CTBC Financial Holding from NT$55.26 to NT$59.39, citing revised assumptions for discount rates, revenue trends, profit margins, and future P/E as key factors behind the higher price target. What's in the News No recent company specific news, periodical coverage, or key developments were provided for CTBC Financial Holding beyond the updated fair value estimate.
2838
NT$22.55
Union Bank of Taiwan
7D
0.4%
1Y
37.9%
2886
NT$44.55
Mega Financial Holding
7D
-1.2%
1Y
8.8%
2849
NT$14.70
EnTie Commercial Bank
7D
1.0%
1Y
10.1%
2834
NT$17.80
Taiwan Business Bank
7D
0.8%
1Y
23.3%
5876
NT$41.55
Shanghai Commercial & Savings Bank
7D
-2.9%
1Y
-11.4%