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South African (JSE) Banks Industry Analysis

UpdatedJun 29, 2025
DataAggregated Company Financials
Companies4
  • 7D1.0%
  • 3M2.6%
  • 1Y16.0%
  • YTD3.1%

The Banks industry has stayed flat over the last week. The past year has been better, since the industry has gained 16% in that time. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Jun 2025R1.0tR363.2bR95.8b7.7x10.9x2.9x
Wed, 28 May 2025R1.0tR363.2bR95.8b7.8x10.7x2.8x
Fri, 25 Apr 2025R1.0tR363.2bR95.8b7.7x10.7x2.8x
Sun, 23 Mar 2025R1.0tR359.1bR94.4b8.1x11x2.9x
Tue, 18 Feb 2025R1.0tR348.4bR90.9b8.3x11.1x2.9x
Thu, 16 Jan 2025R1.0tR348.4bR90.9b8.4x11.1x2.9x
Sat, 14 Dec 2024R1.1tR348.7bR90.6b8.6x11.8x3.1x
Mon, 11 Nov 2024R1.1tR349.1bR90.6b8.9x11.7x3x
Wed, 09 Oct 2024R1.0tR349.6bR91.0b9x11.3x2.9x
Fri, 06 Sep 2024R1.0tR345.2bR89.2b8.9x11.2x2.9x
Sun, 04 Aug 2024R944.4bR339.9bR90.0b8.3x10.5x2.8x
Tue, 02 Jul 2024R912.3bR339.9bR90.0b8x10.1x2.7x
Thu, 30 May 2024R805.4bR339.9bR90.0b7.2x8.9x2.4x
Sat, 27 Apr 2024R766.9bR339.9bR90.0b6.8x8.5x2.3x
Mon, 25 Mar 2024R775.8bR337.9bR89.6b6.9x8.7x2.3x
Wed, 21 Feb 2024R829.2bR335.8bR86.3b7.2x9.6x2.5x
Fri, 19 Jan 2024R802.8bR335.8bR86.3b7.6x9.3x2.4x
Sun, 17 Dec 2023R795.0bR335.8bR86.3b6.6x9.2x2.4x
Tue, 14 Nov 2023R788.1bR335.8bR86.3b7.9x9.1x2.3x
Thu, 12 Oct 2023R778.4bR335.7bR86.4b7.5x9x2.3x
Sat, 09 Sep 2023R774.2bR334.6bR86.0b7.6x9x2.3x
Mon, 07 Aug 2023R785.4bR312.7bR79.3b7.4x9.9x2.5x
Wed, 05 Jul 2023R725.2bR312.7bR79.3b7.5x9.1x2.3x
Fri, 02 Jun 2023R637.9bR312.7bR79.3b6.9x8x2x
Sun, 30 Apr 2023R717.3bR312.7bR79.3b7.2x9x2.3x
Tue, 28 Mar 2023R726.5bR313.0bR78.9b7.3x9.2x2.3x
Thu, 23 Feb 2023R792.8bR293.3bR71.5b8.9x11.1x2.7x
Sat, 21 Jan 2023R767.0bR293.3bR71.5b8.3x10.7x2.6x
Mon, 19 Dec 2022R747.2bR293.3bR71.5b7.8x10.4x2.5x
Wed, 16 Nov 2022R787.2bR293.3bR71.5b8.2x11x2.7x
Fri, 14 Oct 2022R701.5bR293.3bR71.5b7.5x9.8x2.4x
Sun, 11 Sep 2022R737.7bR292.3bR70.7b8.8x10.4x2.5x
Tue, 09 Aug 2022R772.3bR276.9bR62.5b9.4x12.4x2.8x
Thu, 07 Jul 2022R700.8bR276.9bR62.5b9.2x11.2x2.5x
Price to Earnings Ratio

11.2x


Total Market Cap: R700.8bTotal Earnings: R62.5bTotal Revenue: R276.9bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Banks Industry Price to Earnings3Y Average 10.1x202320242025
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 10.1x.
  • 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 15% per year over the last three years.
  • Revenues for these companies have grown 9.5% 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 Market1.97%
Financials1.71%
Banks0.99%
Diversified Banks0.99%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 10.1x.
    • Analysts are expecting annual earnings growth of 11.4%, which is higher than its past year's earnings growth of 9.1% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 10.1x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings growth rate of 9.1% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 11% 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 HoldingsR3.55k3.8%
+R15.1b		33.7%PB8.1x
SBK Standard Bank GroupR227.531.4%
+R5.2b		7.2%PB1.4x
ABG Absa GroupR176.003.1%
+R4.4b		10.8%PB0.9x

Latest News

NED
R243.05
Nedbank Group
7D
-1.3%
1Y
-6.4%
CPI
R3,550.96
Capitec Bank Holdings
7D
3.8%
1Y
33.7%
SBK
R227.53
Standard Bank Group
7D
1.4%
1Y
7.2%
ABG
R176.00
Absa Group
7D
3.1%
1Y
10.8%