Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

South African (JSE) Banks Industry Analysis

UpdatedSep 03, 2025
DataAggregated Company Financials
Companies4
  • 7D-2.4%
  • 3M1.9%
  • 1Y6.3%
  • YTD4.8%

Over the last 7 days, the Banks industry has dropped 2.3%, driven by pullbacks from every company within the industry. Over the past 12 months, the industry was up 5.6%. 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
Wed, 03 Sep 2025R1.1tR374.9bR99.0b7.7x10.7x2.8x
Fri, 01 Aug 2025R1.1tR363.2bR95.8b7.9x11.1x2.9x
Sun, 29 Jun 2025R1.0tR363.2bR95.8b7.7x10.9x2.9x
Tue, 27 May 2025R1.0tR363.2bR95.8b7.9x10.8x2.9x
Thu, 24 Apr 2025R1.0tR363.2bR95.8b7.7x10.6x2.8x
Sat, 22 Mar 2025R1.0tR359.1bR94.4b8.1x11x2.9x
Mon, 17 Feb 2025R1.0tR348.4bR90.9b8.3x11.1x2.9x
Wed, 15 Jan 2025R983.6bR348.4bR90.9b8.2x10.8x2.8x
Fri, 13 Dec 2024R1.1tR348.7bR90.6b8.6x11.7x3x
Sun, 10 Nov 2024R1.1tR349.1bR90.6b8.9x11.7x3x
Tue, 08 Oct 2024R1.0tR349.6bR91.0b9x11.3x2.9x
Thu, 05 Sep 2024R1.0tR345.2bR89.2b9x11.3x2.9x
Sat, 03 Aug 2024R944.4bR339.9bR90.0b8.3x10.5x2.8x
Mon, 01 Jul 2024R904.8bR339.9bR90.0b7.9x10x2.7x
Wed, 29 May 2024R805.4bR339.9bR90.0b7.2x8.9x2.4x
Fri, 26 Apr 2024R752.1bR339.9bR90.0b6.6x8.4x2.2x
Sun, 24 Mar 2024R775.8bR337.9bR89.6b6.9x8.7x2.3x
Tue, 20 Feb 2024R834.6bR335.8bR86.3b7.2x9.7x2.5x
Thu, 18 Jan 2024R790.9bR335.8bR86.3b6.6x9.2x2.4x
Sat, 16 Dec 2023R795.0bR335.8bR86.3b6.6x9.2x2.4x
Mon, 13 Nov 2023R794.2bR335.8bR86.3b7.8x9.2x2.4x
Wed, 11 Oct 2023R780.8bR335.7bR86.4b7.5x9x2.3x
Fri, 08 Sep 2023R741.1bR334.6bR86.0b7.1x8.6x2.2x
Sun, 06 Aug 2023R785.4bR312.7bR79.3b7.4x9.9x2.5x
Tue, 04 Jul 2023R722.1bR312.7bR79.3b7.5x9.1x2.3x
Thu, 01 Jun 2023R632.9bR312.7bR79.3b6.9x8x2x
Sat, 29 Apr 2023R717.3bR312.7bR79.3b7.2x9x2.3x
Mon, 27 Mar 2023R712.5bR313.0bR78.9b7.1x9x2.3x
Wed, 22 Feb 2023R776.2bR293.3bR71.5b8.7x10.9x2.6x
Fri, 20 Jan 2023R766.0bR293.3bR71.5b8.2x10.7x2.6x
Sun, 18 Dec 2022R747.2bR293.3bR71.5b7.8x10.4x2.5x
Tue, 15 Nov 2022R803.7bR293.3bR71.5b8.5x11.2x2.7x
Thu, 13 Oct 2022R695.8bR293.3bR71.5b7.5x9.7x2.4x
Sat, 10 Sep 2022R737.7bR292.3bR70.7b8.8x10.4x2.5x
Price to Earnings Ratio

10.4x


Total Market Cap: R737.7bTotal Earnings: R70.7bTotal Revenue: R292.3bTotal 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 industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 8.6% 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 Market-1.38%
Financials-2.04%
Banks-2.42%
Diversified Banks-2.42%
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 lower than the prior year's growth of 13.1% 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 roughly in line with its past earnings growth rate.
  • 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
NED Nedbank GroupR225.500.7%
+R698.0m		-23.1%PB0.9x

Latest News

NED
R225.50
Nedbank Group
7D
0.7%
1Y
-23.1%
SBK
R243.07
Standard Bank Group
7D
-1.5%
1Y
3.4%
ABG
R187.71
Absa Group
7D
-0.6%
1Y
9.2%

Absa Group's (JSE:ABG) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 21
Absa Group's (JSE:ABG) Shareholders Will Receive A Bigger Dividend Than Last Year
CPI
R3,479.14
Capitec Bank Holdings
7D
-4.7%
1Y
20.4%