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South African (JSE) Banks Industry Analysis

UpdatedFeb 08, 2025
DataAggregated Company Financials
Companies4
  • 7D3.9%
  • 3M-3.1%
  • 1Y28.0%
  • YTD0.8%

In the last week, the Banks industry is up 2.4%, with Capitec Bank Holdings up 7.6%. This means that the industry has gained 27% over the past year. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the South African Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Feb 2025R1.0tR348.4bR90.9b8.3x11.3x2.9x
Mon, 06 Jan 2025R1.0tR348.4bR90.9b8.4x11.3x2.9x
Wed, 04 Dec 2024R1.0tR348.7bR90.6b8.6x11.4x3x
Fri, 01 Nov 2024R1.0tR349.1bR90.6b9x11.6x3x
Sun, 29 Sep 2024R1.1tR345.2bR89.2b9.3x11.8x3.1x
Tue, 27 Aug 2024R1.0tR345.2bR89.2b9.1x11.4x3x
Thu, 25 Jul 2024R924.5bR339.9bR90.0b7.9x10.3x2.7x
Sat, 22 Jun 2024R920.0bR339.9bR90.0b8x10.2x2.7x
Mon, 20 May 2024R815.6bR339.9bR90.0b7.2x9.1x2.4x
Wed, 17 Apr 2024R750.4bR337.8bR89.5b6.6x8.4x2.2x
Fri, 15 Mar 2024R787.4bR337.9bR91.4b6.7x8.6x2.3x
Sun, 11 Feb 2024R809.9bR335.8bR86.3b6.9x9.4x2.4x
Tue, 09 Jan 2024R809.9bR335.8bR86.3b7.9x9.4x2.4x
Thu, 07 Dec 2023R807.7bR335.8bR86.3b7.3x9.4x2.4x
Sat, 04 Nov 2023R794.7bR335.7bR86.4b7.6x9.2x2.4x
Mon, 02 Oct 2023R751.3bR335.7bR86.4b7.3x8.7x2.2x
Wed, 30 Aug 2023R766.2bR334.6bR86.0b7.3x8.9x2.3x
Fri, 28 Jul 2023R770.2bR312.7bR79.3b7.7x9.7x2.5x
Sun, 25 Jun 2023R699.2bR312.7bR79.3b7.4x8.8x2.2x
Tue, 23 May 2023R661.7bR312.7bR79.3b7x8.3x2.1x
Thu, 20 Apr 2023R713.3bR313.0bR78.9b7.1x9x2.3x
Sat, 18 Mar 2023R704.8bR313.1bR78.9b7.2x8.9x2.3x
Mon, 13 Feb 2023R764.5bR293.3bR71.5b8.6x10.7x2.6x
Wed, 11 Jan 2023R769.8bR293.3bR71.5b8.2x10.8x2.6x
Fri, 09 Dec 2022R769.8bR293.3bR71.5b8.1x10.8x2.6x
Sun, 06 Nov 2022R787.2bR293.3bR71.5b8.3x11x2.7x
Tue, 04 Oct 2022R660.5bR293.3bR71.5b7.5x9.2x2.3x
Thu, 01 Sep 2022R737.6bR289.1bR69.1b8.7x10.7x2.6x
Sat, 30 Jul 2022R743.1bR276.9bR62.5b9.4x11.9x2.7x
Mon, 27 Jun 2022R763.4bR276.9bR62.5b11x12.2x2.8x
Wed, 25 May 2022R753.3bR276.9bR62.5b10x12.1x2.7x
Fri, 22 Apr 2022R778.8bR276.9bR62.5b9.9x12.5x2.8x
Sun, 20 Mar 2022R810.3bR307.1bR64.6b10.6x12.5x2.6x
Tue, 15 Feb 2022R740.8bR296.1bR55.5b12.2x13.3x2.5x
Price to Earnings Ratio

13.3x


Total Market Cap: R740.8bTotal Earnings: R55.5bTotal Revenue: R296.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Banks Industry Price to Earnings3Y Average 10.4x202320242025
Current Industry PE
  • Investors are relatively neutral on the South African 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 10.4x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 5.6% 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 South African Financials industry?

ZA Market1.52%
Financials2.62%
Banks3.94%
Diversified Banks3.94%
Regional Banks0%0
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 10.4x.
    • Analysts are expecting annual earnings growth of 12.7%, which is higher than its past year's earnings growth of 8.6% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 10.4x.
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 8.6% 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
CPI Capitec Bank HoldingsR3.23k8.5%
+R29.2b		59.4%PB8.1x
SBK Standard Bank GroupR221.541.7%
+R6.0b		11.3%PB1.4x
ABG Absa GroupR188.761.7%
+R2.6b		15.7%PB1x
NED Nedbank GroupR276.660.8%
+R1.1b		26.2%PB1.2x
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Latest News

SBK

R221.54

Standard Bank Group

7D

1.7%

1Y

11.3%

CPI

R3,225.00

Capitec Bank Holdings

7D

8.5%

1Y

59.4%

NED

R276.66

Nedbank Group

7D

0.8%

1Y

26.2%

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ABG

R188.76

Absa Group

7D

1.7%

1Y

15.7%