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South African (JSE) Banks Industry Analysis

UpdatedDec 23, 2024
DataAggregated Company Financials
Companies5
  • 7D-2.9%
  • 3M-1.9%
  • 1Y30.4%
  • YTD27.7%

Over the last 7 days, the Banks industry has dropped 2.9%, driven by declines from every company within the industry. In the past year, the industry has gained 30%. 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
Tue, 24 Dec 2024R1.0tR348.7bR90.6b8.5x11.4x3x
Thu, 21 Nov 2024R1.1tR349.1bR90.6b9x11.8x3.1x
Sat, 19 Oct 2024R1.1tR349.6bR91.0b9x11.6x3x
Mon, 16 Sep 2024R1.0tR345.2bR89.2b8.7x11.2x2.9x
Wed, 14 Aug 2024R941.1bR341.9bR90.6b8.4x10.4x2.8x
Fri, 12 Jul 2024R914.0bR339.9bR90.0b8x10.2x2.7x
Sun, 09 Jun 2024R783.5bR339.9bR90.0b6.8x8.7x2.3x
Tue, 07 May 2024R791.4bR339.9bR90.0b6.9x8.8x2.3x
Thu, 04 Apr 2024R767.4bR337.9bR89.6b6.7x8.6x2.3x
Sat, 02 Mar 2024R829.6bR335.8bR86.3b7x9.6x2.5x
Mon, 29 Jan 2024R817.9bR335.8bR86.3b6.9x9.5x2.4x
Wed, 27 Dec 2023R801.0bR335.8bR86.3b7.1x9.3x2.4x
Fri, 24 Nov 2023R808.1bR335.8bR86.3b7.9x9.4x2.4x
Sun, 22 Oct 2023R741.2bR335.7bR86.4b7.1x8.6x2.2x
Tue, 19 Sep 2023R732.3bR334.6bR86.0b7.2x8.5x2.2x
Thu, 17 Aug 2023R764.6bR317.6bR80.2b7x9.5x2.4x
Sat, 15 Jul 2023R745.5bR312.7bR79.3b7.3x9.4x2.4x
Mon, 12 Jun 2023R699.2bR312.7bR79.3b7.4x8.8x2.2x
Wed, 10 May 2023R698.4bR312.7bR79.3b7.2x8.8x2.2x
Fri, 07 Apr 2023R745.3bR313.0bR78.9b7.6x9.4x2.4x
Sun, 05 Mar 2023R781.9bR293.3bR71.5b8.8x10.9x2.7x
Tue, 31 Jan 2023R780.5bR293.3bR71.5b8.6x10.9x2.7x
Thu, 29 Dec 2022R769.4bR293.3bR71.5b8.1x10.8x2.6x
Sat, 26 Nov 2022R815.1bR293.3bR71.5b8.6x11.4x2.8x
Mon, 24 Oct 2022R744.0bR293.3bR71.5b7.9x10.4x2.5x
Wed, 21 Sep 2022R696.8bR292.3bR70.7b8.3x9.9x2.4x
Fri, 19 Aug 2022R799.8bR282.1bR64.8b9.7x12.3x2.8x
Sun, 17 Jul 2022R706.2bR276.9bR62.5b9.2x11.3x2.6x
Tue, 14 Jun 2022R731.8bR276.9bR62.5b10.3x11.7x2.6x
Thu, 12 May 2022R740.3bR276.9bR62.5b9.5x11.8x2.7x
Sat, 09 Apr 2022R818.7bR274.4bR61.7b9.7x13.3x3x
Mon, 07 Mar 2022R758.9bR296.2bR55.5b11.9x13.7x2.6x
Wed, 02 Feb 2022R715.8bR296.1bR55.5b12x12.9x2.4x
Fri, 31 Dec 2021R677.2bR296.1bR55.5b11.3x12.2x2.3x
Price to Earnings Ratio

12.2x


Total Market Cap: R677.2bTotal Earnings: R55.5bTotal Revenue: R296.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Banks Industry Price to Earnings3Y Average 10.4x202220232024
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 2.5x is lower than the industry's current PS ratio of 3.0x.
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 Market-2.74%
Financials-2.95%
Banks-2.92%
Regional Banks0%
Diversified Banks-2.92%
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 12.6%, 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
No data available
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