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Taiwanese (TAIEX) Banks Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies18
  • 7D1.7%
  • 3M9.4%
  • 1Y17.1%
  • YTD1.7%

Over the last 7 days, the Banks industry has risen 1.7%, and TS Financial Holding contributed the most with a gain of 2.9%. In the last 12 months, the industry was up 17%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026NT$5.3tNT$1.2tNT$324.8b15.9x16.3x4.4x
Tue, 06 Jan 2026NT$5.2tNT$1.2tNT$324.8b15.9x16.1x4.3x
Thu, 04 Dec 2025NT$4.9tNT$1.2tNT$324.8b14.9x15x4x
Sat, 01 Nov 2025NT$4.8tNT$1.2tNT$306.1b15.7x15.7x4.1x
Mon, 29 Sep 2025NT$4.9tNT$1.2tNT$309.5b16.5x16x4.2x
Wed, 27 Aug 2025NT$4.6tNT$1.2tNT$306.3b15.5x15.1x3.9x
Fri, 25 Jul 2025NT$4.7tNT$1.1tNT$302.7b15.4x15.6x4.2x
Sun, 22 Jun 2025NT$4.6tNT$1.1tNT$302.7b15.3x15x4.1x
Tue, 20 May 2025NT$4.5tNT$1.1tNT$308.7b14.9x14.6x4.1x
Thu, 17 Apr 2025NT$4.2tNT$1.1tNT$307.1b13.9x13.7x3.8x
Sat, 15 Mar 2025NT$4.4tNT$1.1tNT$302.1b15.3x14.7x3.9x
Mon, 10 Feb 2025NT$4.4tNT$1.1tNT$295.5b14.5x14.9x3.9x
Wed, 08 Jan 2025NT$4.3tNT$1.1tNT$295.5b14.3x14.6x3.8x
Fri, 06 Dec 2024NT$4.4tNT$1.1tNT$295.5b14.3x14.8x3.9x
Sun, 03 Nov 2024NT$4.2tNT$1.1tNT$282.6b16x15x4x
Tue, 01 Oct 2024NT$4.3tNT$1.1tNT$284.1b16.1x15.2x4.1x
Thu, 29 Aug 2024NT$4.3tNT$963.1bNT$282.3b15.7x15.1x4.4x
Sat, 27 Jul 2024NT$4.4tNT$1.0tNT$281.9b15.2x15.6x4.3x
Mon, 24 Jun 2024NT$4.4tNT$1.0tNT$281.2b15.1x15.6x4.3x
Wed, 22 May 2024NT$4.4tNT$1.0tNT$270.8b15x16.1x4.3x
Fri, 19 Apr 2024NT$4.1tNT$806.0bNT$267.4b15x15.2x5x
Sun, 17 Mar 2024NT$4.1tNT$810.6bNT$272.4b15.4x15x5x
Tue, 13 Feb 2024NT$3.8tNT$946.1bNT$265.4b13.9x14.3x4x
Thu, 11 Jan 2024NT$3.9tNT$946.1bNT$265.4b14.4x14.6x4.1x
Sat, 09 Dec 2023NT$3.9tNT$946.3bNT$265.4b14.5x14.7x4.1x
Mon, 06 Nov 2023NT$3.7tNT$899.7bNT$252.0b14x14.8x4.1x
Wed, 04 Oct 2023NT$3.7tNT$897.8bNT$250.1b13.6x14.6x4.1x
Fri, 01 Sep 2023NT$3.6tNT$865.1bNT$249.5b13.3x14.5x4.2x
Sun, 30 Jul 2023NT$3.9tNT$835.3bNT$222.5b15.9x17.4x4.6x
Tue, 27 Jun 2023NT$3.8tNT$834.8bNT$222.5b15.8x16.9x4.5x
Thu, 25 May 2023NT$3.7tNT$785.3bNT$212.2b16.6x17.7x4.8x
Sat, 22 Apr 2023NT$3.5tNT$780.0bNT$208.9b16.2x16.9x4.5x
Mon, 20 Mar 2023NT$3.3tNT$631.2bNT$213.2b16.3x15.7x5.3x
Wed, 15 Feb 2023NT$3.5tNT$786.0bNT$208.6b15.9x16.9x4.5x
Price to Earnings Ratio

16.9x


Total Market Cap: NT$3.5tTotal Earnings: NT$208.6bTotal Revenue: NT$786.0bTotal 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 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 Market-1.02%
Financials1.13%
Banks1.71%
Diversified Banks1.72%
Regional Banks0.71%
Industry PE
  • Investors are most optimistic about the Regional Banks industry even though it's trading below its 3-year average PE ratio of 20.9x.
    • 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 13% over the next 5 years.
  • This is better than its past earnings growth rate of 8.8% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 13% 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
2887 TS Financial HoldingNT$23.352.9%
+NT$16.2b		33.8%PB1.3x
2886 Mega Financial HoldingNT$39.802.6%
+NT$14.8b		2.4%PB1.5x
2891 CTBC Financial HoldingNT$51.601.4%
+NT$13.8b		29.8%PB2.2x
2890 SinoPac Financial HoldingsNT$29.503.1%
+NT$11.8b		35.9%PB1.8x
2880 Hua Nan Financial HoldingsNT$33.852.3%
+NT$10.4b		22.8%PB2.1x

Latest News

2887
NT$23.35
TS Financial Holding
7D
2.9%
1Y
33.8%
2891
NT$51.60
CTBC Financial Holding
7D
1.4%
1Y
29.8%

2891: Higher Margin Outlook And Affiliate Win Will Support Steady Fair Value

Analysts have nudged their fair value estimate for CTBC Financial Holding higher from $49.26 to $50.92, citing a slightly lower discount rate, a higher projected profit margin of about 51% and a modestly reduced forward P/E of about 12.66x as key supports for the new target. What's in the News CTBC Lohas Co., Ltd., an affiliate of CTBC Financial Holding, has won the bid for the Operation and Management Project of CTBC University of Technology, with the project date cited as December 31, 2025 (Key Developments).
2884
NT$34.00
E.SUN Financial Holding Company
7D
1.8%
1Y
20.3%

2884: Nature Finance And Healthcare Resilience Will Support Balanced Long Term Outlook

Narrative Update Overview Analysts have nudged their fair value estimate for E.SUN Financial Holding Company to $34.50, a move they link to updated assumptions around the discount rate, revenue growth, profit margin, and future P/E. What’s in the News E.SUN signed a partnership with the World Climate Foundation to promote nature based solutions investment and biodiversity across Asia, bringing together financial institutions, industry leaders, policymakers, and academia to focus on natural capital and biodiversity credit mechanisms (Key Developments).
2892
NT$29.15
First Financial Holding
7D
1.2%
1Y
7.9%

2892: Future Outlook Will Reflect Higher Profitability Assumptions At A Fair Price

Analysts have increased their fair value estimate for First Financial Holding from $29.90 to $30.40, citing updated assumptions on revenue growth, profit margins, the discount rate, and the future P/E multiple. Valuation Changes Fair Value: Updated slightly higher from NT$29.90 to NT$30.40.
2890
NT$29.50
SinoPac Financial Holdings
7D
3.1%
1Y
35.9%

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

Analysts have kept their fair value estimate for SinoPac Financial Holdings broadly unchanged at $29.72, with only minor tweaks to the discount rate and future P/E assumptions that underpin the updated price target narrative. Valuation Changes Fair Value: Kept steady at NT$29.72, indicating no change in the core valuation output.
2812
NT$20.40
Taichung Commercial Bank
7D
2.0%
1Y
18.6%
2880
NT$33.85
Hua Nan Financial Holdings
7D
2.3%
1Y
22.8%
2886
NT$39.80
Mega Financial Holding
7D
2.6%
1Y
2.4%
2845
NT$12.40
Far Eastern International Bank
7D
-0.8%
1Y
-4.4%
2849
NT$13.10
EnTie Commercial Bank
7D
-2.2%
1Y
-8.1%