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Taiwanese (TAIEX) Diversified Banks Industry Analysis

UpdatedApr 21, 2024
DataAggregated Company Financials
Companies17
  • 7D-2.5%
  • 3M5.8%
  • 1Y12.4%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has dropped 1.5%, driven by pullbacks in Mega Financial Holding and CTBC Financial Holding of 3.1% and 2.4%, respectively. Over the past 12 months, the industry was up 14%. Looking forward, earnings are forecast to grow by 2.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Apr 2024NT$4.0tNT$801.1bNT$266.5b14.6x14.9x5x
Tue, 19 Mar 2024NT$4.0tNT$805.6bNT$271.5b14.5x14.9x5x
Thu, 15 Feb 2024NT$3.8tNT$941.1bNT$264.4b12.9x14.3x4x
Sat, 13 Jan 2024NT$3.8tNT$941.1bNT$264.4b13.4x14.6x4.1x
Mon, 11 Dec 2023NT$3.9tNT$941.3bNT$264.4b13.4x14.7x4.1x
Wed, 08 Nov 2023NT$3.7tNT$894.7bNT$251.0b13.6x14.8x4.2x
Fri, 06 Oct 2023NT$3.6tNT$892.9bNT$249.1b13.2x14.6x4.1x
Sun, 03 Sep 2023NT$3.6tNT$863.0bNT$249.1b13.1x14.5x4.2x
Tue, 01 Aug 2023NT$3.9tNT$830.4bNT$221.4b15.1x17.4x4.6x
Thu, 29 Jun 2023NT$3.7tNT$829.9bNT$221.4b15.1x16.8x4.5x
Sat, 27 May 2023NT$3.7tNT$782.6bNT$212.6b16.9x17.3x4.7x
Mon, 24 Apr 2023NT$3.5tNT$775.0bNT$207.7b16.9x16.9x4.5x
Wed, 22 Mar 2023NT$3.3tNT$776.3bNT$211.0b16.4x15.8x4.3x
Fri, 17 Feb 2023NT$3.5tNT$781.0bNT$207.4b17.4x16.8x4.5x
Sun, 15 Jan 2023NT$3.4tNT$781.0bNT$207.4b17.6x16.6x4.4x
Tue, 13 Dec 2022NT$3.4tNT$782.2bNT$207.4b17.5x16.4x4.3x
Thu, 10 Nov 2022NT$3.3tNT$824.6bNT$208.8b17.4x15.6x3.9x
Sat, 08 Oct 2022NT$3.3tNT$823.9bNT$209.9b16.7x15.8x4x
Mon, 05 Sep 2022NT$3.5tNT$812.4bNT$210.4b18.1x16.7x4.3x
Wed, 03 Aug 2022NT$3.5tNT$898.7bNT$232.6b14.1x14.9x3.8x
Fri, 01 Jul 2022NT$3.5tNT$898.7bNT$232.6b14.1x15x3.9x
Sun, 29 May 2022NT$3.6tNT$900.3bNT$233.4b14.6x15.5x4x
Tue, 26 Apr 2022NT$3.8tNT$913.0bNT$241.2b15.2x15.8x4.2x
Thu, 24 Mar 2022NT$3.8tNT$912.4bNT$240.8b17.5x16x4.2x
Sat, 19 Feb 2022NT$3.7tNT$928.9bNT$241.0b15.7x15.2x3.9x
Mon, 17 Jan 2022NT$3.6tNT$928.9bNT$241.0b15.5x15x3.9x
Wed, 15 Dec 2021NT$3.4tNT$928.9bNT$241.0b14.5x13.9x3.6x
Fri, 12 Nov 2021NT$3.2tNT$925.2bNT$238.7b14.3x13.6x3.5x
Sun, 10 Oct 2021NT$3.1tNT$924.4bNT$238.3b14.5x13.1x3.4x
Tue, 07 Sep 2021NT$3.1tNT$924.4bNT$238.3b14.8x13.2x3.4x
Thu, 05 Aug 2021NT$3.1tNT$924.4bNT$238.3b14x13x3.3x
Sun, 09 May 2021NT$3.0tNT$918.2bNT$222.4b14.7x13.6x3.3x
Price to Earnings Ratio

13.6x


Total Market Cap: NT$3.0tTotal Earnings: NT$222.4bTotal Revenue: NT$918.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Diversified Banks Industry Price to Earnings3Y Average 15.1x202220232024
Current Industry PE
  • Investors are relatively neutral on the Taiwanese Diversified 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 15.1x.
  • The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 5.0x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 6.2% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.4% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

How does Taiwanese Diversified Banks compare with similar industries?

TW Market-5.75%
Financials-2.69%
Banks-2.54%
Diversified Banks-2.54%
Regional Banks-1.96%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
2834 Taiwan Business BankNT$16.150.6%
+NT$822.2m		19.8%PB1.1x
2845 Far Eastern International BankNT$14.500.3%
+NT$203.5m		30.6%PB1x
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Latest News

2880

NT$22.20

Hua Nan Financial Holdings

7D

-3.5%

1Y

-2.6%

5876

NT$45.00

Shanghai Commercial & Savings Bank

7D

-5.3%

1Y

-2.9%

2886

NT$38.70

Mega Financial Holding

7D

-3.1%

1Y

14.6%

2892

NT$26.65

First Financial Holding

7D

-2.6%

1Y

2.0%

2890

NT$21.20

SinoPac Financial Holdings

7D

-3.0%

1Y

29.5%

2891

NT$31.00

CTBC Financial Holding

7D

-2.4%

1Y

39.0%

2845

NT$14.50

Far Eastern International Bank

7D

0.3%

1Y

30.6%

2884

NT$26.55

E.SUN Financial Holding Company

7D

-2.0%

1Y

10.9%

2834

NT$16.15

Taiwan Business Bank

7D

0.6%

1Y

19.8%

2887

NT$17.35

Taishin Financial Holding

7D

-3.1%

1Y

5.4%