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Taiwanese (TAIEX) Banks Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies18
  • 7D-2.1%
  • 3M22.4%
  • 1Y36.0%
  • YTD27.1%

Over the last 7 days, the Banks industry has dropped 2.1%, driven by a pullback from Mega Financial Holding of 4.1%. This takes the industry's 12 month performance to a gain of 36%. As for the next few years, earnings are expected to grow by 7.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Aug 2026NT$6.7tNT$1.4tNT$398.8b16.4x16.8x4.9x
Tue, 07 Jul 2026NT$6.5tNT$1.4tNT$398.8b16.2x16.3x4.8x
Thu, 04 Jun 2026NT$6.0tNT$1.4tNT$398.8b15.1x15x4.4x
Sat, 02 May 2026NT$5.3tNT$1.3tNT$353.4b15.5x15.1x4.1x
Mon, 30 Mar 2026NT$5.4tNT$1.3tNT$354.4b15.8x15.2x4.2x
Wed, 25 Feb 2026NT$5.6tNT$1.2tNT$324.8b17x17.1x4.6x
Fri, 23 Jan 2026NT$5.2tNT$1.2tNT$324.8b15.8x16.1x4.3x
Sun, 21 Dec 2025NT$5.2tNT$1.2tNT$324.8b16.1x16.2x4.3x
Tue, 18 Nov 2025NT$4.8tNT$1.2tNT$311.8b15.1x15.5x4.1x
Thu, 16 Oct 2025NT$5.0tNT$1.2tNT$306.1b16.3x16.2x4.2x
Sat, 13 Sep 2025NT$5.0tNT$1.2tNT$309.5b16.5x16.1x4.2x
Mon, 11 Aug 2025NT$4.7tNT$1.1tNT$302.7b15.5x15.6x4.2x
Wed, 09 Jul 2025NT$4.7tNT$1.1tNT$302.7b15.9x15.7x4.2x
Fri, 06 Jun 2025NT$4.4tNT$1.1tNT$302.7b14.9x14.7x4x
Sun, 04 May 2025NT$4.3tNT$1.1tNT$306.1b14.3x14.1x4x
Tue, 01 Apr 2025NT$4.4tNT$1.1tNT$307.2b14.6x14.3x4x
Thu, 27 Feb 2025NT$4.5tNT$1.1tNT$298.9b14.2x15x3.9x
Sat, 25 Jan 2025NT$4.4tNT$1.1tNT$295.5b14.5x14.8x3.9x
Mon, 23 Dec 2024NT$4.3tNT$1.1tNT$295.5b14.1x14.4x3.8x
Wed, 20 Nov 2024NT$4.3tNT$1.1tNT$287.6b15.7x15x4x
Fri, 18 Oct 2024NT$4.3tNT$1.1tNT$284.1b16x15.2x4.1x
Sun, 15 Sep 2024NT$4.2tNT$1.1tNT$284.1b15.8x14.8x4x
Tue, 13 Aug 2024NT$4.3tNT$1.0tNT$281.9b15.1x15.3x4.2x
Thu, 11 Jul 2024NT$4.5tNT$1.0tNT$281.9b15.3x16.1x4.4x
Sat, 08 Jun 2024NT$4.3tNT$1.0tNT$281.2b15.2x15.3x4.2x
Mon, 06 May 2024NT$4.2tNT$807.3bNT$268.7b15.3x15.7x5.2x
Wed, 03 Apr 2024NT$4.1tNT$806.6bNT$268.5b15.2x15.3x5.1x
Fri, 01 Mar 2024NT$3.9tNT$939.1bNT$259.1b14.9x15x4.1x
Sun, 28 Jan 2024NT$3.8tNT$946.1bNT$265.4b14.1x14.5x4.1x
Tue, 26 Dec 2023NT$3.9tNT$946.1bNT$265.4b14.4x14.6x4.1x
Thu, 23 Nov 2023NT$3.9tNT$901.7bNT$251.5b15x15.4x4.3x
Sat, 21 Oct 2023NT$3.7tNT$897.8bNT$250.1b13.9x14.7x4.1x
Mon, 18 Sep 2023NT$3.7tNT$868.6bNT$250.1b14.1x14.9x4.3x
Wed, 16 Aug 2023NT$3.7tNT$838.6bNT$225.1b15.3x16.3x4.4x
Price to Earnings Ratio

16.3x


Total Market Cap: NT$3.7tTotal Earnings: NT$225.1bTotal Revenue: NT$838.6bTotal 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 4.9x.
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 Market3.07%
Financials-1.76%
Banks-2.07%
Regional Banks-1.90%
Diversified Banks-2.07%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 15.2x.
    • Analysts are expecting annual earnings growth of 7.8%, which is lower than the prior year's growth of 20.6% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 21.0x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 7.8% 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 7.8% 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$65.601.1%
+NT$13.8b		52.6%PB2.4x
2880 Hua Nan Financial HoldingsNT$44.401.6%
+NT$9.7b		51.2%PB2.5x

Latest News

2884
NT$38.15
E.SUN Financial Holding Company
7D
-1.3%
1Y
14.7%
2886
NT$50.90
Mega Financial Holding
7D
-4.1%
1Y
25.4%
2880
NT$44.40
Hua Nan Financial Holdings
7D
1.6%
1Y
51.2%
2892
NT$35.55
First Financial Holding
7D
-3.3%
1Y
26.1%
5880
NT$26.20
Taiwan Cooperative Financial Holding
7D
-5.1%
1Y
3.6%
2801
NT$23.15
Chang Hwa Commercial Bank
7D
-5.8%
1Y
21.4%
5876
NT$43.45
Shanghai Commercial & Savings Bank
7D
-4.4%
1Y
-0.5%
2890
NT$38.95
SinoPac Financial Holdings
7D
-4.1%
1Y
57.1%
2887
NT$35.15
TS Financial Holding
7D
-2.2%
1Y
113.9%
2891
NT$65.60
CTBC Financial Holding
7D
1.1%
1Y
52.6%
Narrative Update • Jul 09

2891: Future Returns Will Rely On Sustained Margins And Rich Dividend Yield

Analysts have increased their price target for CTBC Financial Holding from NT$59.39 to NT$61.41, citing updated assumptions around discount rates, profit margins and future P/E levels. What's in the News CTBC Financial Holding announced an annual dividend of TWD 2.5002 per share, according to Key Developments.