Narrative Update • Apr 28

In the last week, the Diversified Banks industry is up 2.5%, with CTBC Financial Holding up 7.8%. In the last 12 months, the industry was up 19%. Earnings are forecast to grow by 10% annually.
Has the Taiwanese Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 10 May 2026 | NT$5.4t | NT$1.3t | NT$351.8b | 15.9x | 15.4x | 4.2x |
| Tue, 07 Apr 2026 | NT$5.4t | NT$1.3t | NT$351.8b | 15.7x | 15.3x | 4.2x |
| Thu, 05 Mar 2026 | NT$5.3t | NT$1.2t | NT$325.6b | 15.8x | 16.2x | 4.4x |
| Sat, 31 Jan 2026 | NT$5.2t | NT$1.2t | NT$323.3b | 15.6x | 16x | 4.3x |
| Mon, 29 Dec 2025 | NT$5.2t | NT$1.2t | NT$323.3b | 15.9x | 16.1x | 4.3x |
| Wed, 26 Nov 2025 | NT$4.8t | NT$1.2t | NT$316.5b | 15x | 15.2x | 4.1x |
| Fri, 24 Oct 2025 | NT$4.9t | NT$1.2t | NT$304.8b | 16.1x | 16.1x | 4.2x |
| Sun, 21 Sep 2025 | NT$4.9t | NT$1.2t | NT$308.1b | 16.7x | 16x | 4.2x |
| Tue, 19 Aug 2025 | NT$4.7t | NT$1.1t | NT$302.6b | 15.6x | 15.7x | 4.2x |
| Thu, 17 Jul 2025 | NT$4.8t | NT$1.1t | NT$301.3b | 15.8x | 15.8x | 4.3x |
| Sat, 14 Jun 2025 | NT$4.5t | NT$1.1t | NT$301.3b | 15x | 15x | 4.1x |
| Mon, 12 May 2025 | NT$4.4t | NT$1.1t | NT$305.2b | 14.4x | 14.5x | 4x |
| Wed, 09 Apr 2025 | NT$4.1t | NT$1.1t | NT$305.9b | 12.7x | 13.4x | 3.8x |
| Fri, 07 Mar 2025 | NT$4.4t | NT$1.1t | NT$300.2b | 13.8x | 14.8x | 3.9x |
| Sun, 02 Feb 2025 | NT$4.3t | NT$1.1t | NT$294.5b | 14.1x | 14.8x | 3.9x |
| Tue, 31 Dec 2024 | NT$4.3t | NT$1.1t | NT$294.5b | 13.9x | 14.6x | 3.8x |
| Thu, 28 Nov 2024 | NT$4.3t | NT$1.1t | NT$290.0b | 14.2x | 14.8x | 3.8x |
| Sat, 26 Oct 2024 | NT$4.3t | NT$1.1t | NT$283.1b | 15.7x | 15x | 4x |
| Mon, 23 Sep 2024 | NT$4.2t | NT$1.1t | NT$283.1b | 15.1x | 15x | 4x |
| Wed, 21 Aug 2024 | NT$4.3t | NT$1.0t | NT$277.2b | 15.3x | 15.5x | 4.2x |
| Fri, 19 Jul 2024 | NT$4.5t | NT$1.0t | NT$281.0b | 15.3x | 16x | 4.4x |
| Sun, 16 Jun 2024 | NT$4.3t | NT$1.0t | NT$280.3b | 14.7x | 15.3x | 4.2x |
| Tue, 14 May 2024 | NT$4.3t | NT$803.5b | NT$268.6b | 15.4x | 16.1x | 5.4x |
| Thu, 11 Apr 2024 | NT$4.1t | NT$801.6b | NT$267.5b | 15.2x | 15.4x | 5.1x |
| Sat, 09 Mar 2024 | NT$3.9t | NT$934.2b | NT$258.9b | 14.8x | 15.2x | 4.2x |
| Mon, 05 Feb 2024 | NT$3.8t | NT$941.1b | NT$264.4b | 13.1x | 14.4x | 4.1x |
| Wed, 03 Jan 2024 | NT$3.9t | NT$941.1b | NT$264.4b | 13.6x | 14.8x | 4.2x |
| Fri, 01 Dec 2023 | NT$3.9t | NT$899.9b | NT$262.2b | 13.2x | 14.8x | 4.3x |
| Sun, 29 Oct 2023 | NT$3.6t | NT$892.9b | NT$249.1b | 13.4x | 14.6x | 4.1x |
| Tue, 26 Sep 2023 | NT$3.7t | NT$892.9b | NT$249.1b | 13.4x | 14.7x | 4.1x |
| Thu, 24 Aug 2023 | NT$3.6t | NT$834.0b | NT$224.3b | 14.4x | 16x | 4.3x |
| Sat, 22 Jul 2023 | NT$3.8t | NT$830.4b | NT$221.4b | 15.2x | 17.2x | 4.6x |
| Mon, 19 Jun 2023 | NT$3.7t | NT$794.2b | NT$221.8b | 15.3x | 16.7x | 4.7x |
| Wed, 17 May 2023 | NT$3.6t | NT$780.1b | NT$210.9b | 16.9x | 17.2x | 4.7x |
17.2x
How does Taiwanese Diversified Banks compare with similar industries?
| TW Market | 6.73% | |
| Financials | 3.81% | |
| Banks | 2.54% | |
| Diversified Banks | 2.55% | |
| Regional Banks | 0.36% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2891 CTBC Financial Holding | NT$56.40 | 7.8% +NT$80.7b | 41.2% | PB2.3x | |
| 2880 Hua Nan Financial Holdings | NT$33.30 | 3.9% +NT$17.4b | 20.1% | PB2x | |
| 2886 Mega Financial Holding | NT$40.20 | 2.8% +NT$16.3b | 3.2% | PB1.5x | |
| 2884 E.SUN Financial Holding Company | NT$32.50 | 2.0% +NT$10.5b | 10.2% | PB1.9x | |
| 2892 First Financial Holding | NT$29.50 | 2.3% +NT$9.3b | 16.5% | PB1.5x |