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Taiwanese (TAIEX) Banks Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies18
  • 7D-0.1%
  • 3M4.8%
  • 1Y24.5%
  • YTD4.0%

Over the last 7 days, the Banks industry has remained flat, although notably CTBC Financial Holding declined by 4.8%. As for the the longer term, the industry is up 24% over the past 12 months. 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
Thu, 16 Apr 2026NT$5.5tNT$1.3tNT$353.4b15.9x15.5x4.2x
Sat, 14 Mar 2026NT$5.3tNT$1.2tNT$333.5b15.5x16x4.3x
Mon, 09 Feb 2026NT$5.3tNT$1.2tNT$324.8b15.9x16.3x4.4x
Wed, 07 Jan 2026NT$5.2tNT$1.2tNT$324.8b16.1x16.1x4.3x
Fri, 05 Dec 2025NT$4.9tNT$1.2tNT$324.8b15x15.2x4.1x
Sun, 02 Nov 2025NT$4.8tNT$1.2tNT$306.1b15.7x15.7x4.1x
Tue, 30 Sep 2025NT$4.9tNT$1.2tNT$309.5b16.5x16x4.2x
Thu, 28 Aug 2025NT$4.6tNT$1.2tNT$306.6b15.5x15.1x3.9x
Sat, 26 Jul 2025NT$4.7tNT$1.1tNT$302.7b15.5x15.6x4.2x
Mon, 23 Jun 2025NT$4.6tNT$1.1tNT$302.7b15.3x15x4.1x
Wed, 21 May 2025NT$4.5tNT$1.1tNT$308.7b15x14.7x4.1x
Fri, 18 Apr 2025NT$4.2tNT$1.1tNT$307.1b13.9x13.7x3.8x
Sun, 16 Mar 2025NT$4.4tNT$1.1tNT$302.0b15.3x14.7x3.9x
Tue, 11 Feb 2025NT$4.4tNT$1.1tNT$295.5b14.5x14.9x3.9x
Thu, 09 Jan 2025NT$4.3tNT$1.1tNT$295.5b14.3x14.6x3.8x
Sat, 07 Dec 2024NT$4.4tNT$1.1tNT$295.5b14.3x14.8x3.9x
Mon, 04 Nov 2024NT$4.2tNT$1.1tNT$282.6b16x15x4x
Wed, 02 Oct 2024NT$4.3tNT$1.1tNT$284.1b16.1x15.2x4.1x
Fri, 30 Aug 2024NT$4.2tNT$968.0bNT$283.4b15.6x14.9x4.4x
Sun, 28 Jul 2024NT$4.4tNT$1.0tNT$281.9b15.2x15.6x4.3x
Tue, 25 Jun 2024NT$4.4tNT$1.0tNT$281.2b15.1x15.7x4.3x
Thu, 23 May 2024NT$4.4tNT$1.0tNT$270.8b15.1x16.1x4.3x
Sat, 20 Apr 2024NT$4.1tNT$806.0bNT$267.4b15x15.2x5x
Mon, 18 Mar 2024NT$4.1tNT$810.6bNT$272.4b15.4x15x5x
Wed, 14 Feb 2024NT$3.8tNT$946.1bNT$265.4b13.9x14.3x4x
Fri, 12 Jan 2024NT$3.9tNT$946.1bNT$265.4b14.5x14.6x4.1x
Sun, 10 Dec 2023NT$3.9tNT$946.3bNT$265.4b14.5x14.7x4.1x
Tue, 07 Nov 2023NT$3.7tNT$899.7bNT$252.0b14.1x14.9x4.2x
Thu, 05 Oct 2023NT$3.7tNT$897.8bNT$250.1b13.5x14.6x4.1x
Sat, 02 Sep 2023NT$3.6tNT$866.2bNT$249.5b13.4x14.6x4.2x
Mon, 31 Jul 2023NT$3.9tNT$835.3bNT$222.5b15.9x17.4x4.6x
Wed, 28 Jun 2023NT$3.7tNT$834.8bNT$222.5b15.8x16.8x4.5x
Fri, 26 May 2023NT$3.7tNT$785.3bNT$212.2b16.6x17.7x4.8x
Sun, 23 Apr 2023NT$3.5tNT$779.9bNT$208.9b16.2x16.9x4.5x
Price to Earnings Ratio

16.9x


Total Market Cap: NT$3.5tTotal Earnings: NT$208.9bTotal Revenue: NT$779.9bTotal 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 Market9.21%
Financials0.67%
Banks-0.14%
Regional Banks0.95%
Diversified Banks-0.14%
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
2880 Hua Nan Financial HoldingsNT$36.056.2%
+NT$29.2b		36.6%PB2.1x
2890 SinoPac Financial HoldingsNT$33.301.8%
+NT$8.7b		65.5%PB1.9x
2884 E.SUN Financial Holding CompanyNT$32.951.5%
+NT$8.1b		19.5%PB2x
2801 Chang Hwa Commercial BankNT$21.402.4%
+NT$5.9b		29.1%PB1.1x
2886 Mega Financial HoldingNT$39.500.4%
+NT$2.2b		5.3%PB1.5x

Latest News

2892
NT$28.85
First Financial Holding
7D
0.2%
1Y
17.1%

2892: Steady Assumptions And Refined Discount Rate Will Support Upside

Analysts have kept their NT$ price target for First Financial Holding unchanged at NT$32.0, citing relatively steady assumptions around discount rate, revenue growth, profit margin, and future P/E as key supports for their stance. Valuation Changes Fair Value: NT$32.0 is unchanged, indicating no adjustment to the overall valuation anchor.
2884
NT$32.95
E.SUN Financial Holding Company
7D
1.5%
1Y
19.5%

2884: Stable Pricing And Margins Will Support Balanced Long Term Risk Profile

Analysts have kept their NT$35.53 price target for E.SUN Financial Holding Company broadly unchanged, reflecting largely stable assumptions on discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: NT$35.53 remains unchanged, indicating no revision to the central valuation estimate.
2887
NT$24.60
TS Financial Holding
7D
-0.4%
1Y
55.2%
2890
NT$33.30
SinoPac Financial Holdings
7D
1.8%
1Y
65.5%

2890: Stable Assumptions And Supportive P/E Will Sustain Long Term Upside

Analysts have kept their NT$36.23 price target for SinoPac Financial Holdings broadly unchanged, citing only slight adjustments in the discount rate, revenue growth, profit margin, and forward P/E assumptions, rather than any major change in their overall view. Valuation Changes Fair Value: NT$36.23 remains unchanged, indicating no revision to the headline valuation estimate.
2891
NT$52.80
CTBC Financial Holding
7D
-6.5%
1Y
39.9%

2891: Fair Value Outlook Will Depend On Margins And Discount Rate Adjustments

Analysts have raised their price target for CTBC Financial Holding slightly, to about NT$55.26 from around NT$54.63. The adjustment reflects updated views on discount rates, profit margins and future P/E assumptions.
2880
NT$36.05
Hua Nan Financial Holdings
7D
6.2%
1Y
36.6%
2801
NT$21.40
Chang Hwa Commercial Bank
7D
2.4%
1Y
29.1%
2897
NT$10.35
O-Bank
7D
2.5%
1Y
13.5%
2834
NT$15.50
Taiwan Business Bank
7D
1.0%
1Y
17.8%
5863
NT$11.20
Taipei Star Bank
7D
-0.9%
1Y
-9.0%
2886
NT$39.50
Mega Financial Holding
7D
0.4%
1Y
5.3%
2812
NT$20.70
Taichung Commercial Bank
7D
-1.4%
1Y
16.6%