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South African (JSE) Diversified Banks Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies4
  • 7D0.8%
  • 3M15.6%
  • 1Y29.0%
  • YTDn/a

All of the companies in the Diversified Banks industry have been up over the last week, with the industry up 1.5%. This takes the industry's 12 month performance to a gain of 28%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026R1.3tR378.5bR100.5b9.6x12.8x3.4x
Tue, 09 Dec 2025R1.2tR378.5bR100.5b8.8x12x3.2x
Thu, 06 Nov 2025R1.1tR378.5bR100.5b8.1x11.4x3x
Sat, 04 Oct 2025R1.1tR378.5bR100.5b7.7x10.6x2.8x
Mon, 01 Sep 2025R1.1tR374.9bR99.0b7.8x10.9x2.9x
Wed, 30 Jul 2025R1.0tR363.2bR95.8b7.8x10.9x2.9x
Fri, 27 Jun 2025R1.0tR363.2bR95.8b7.5x10.7x2.8x
Sun, 25 May 2025R1.0tR363.2bR95.8b7.8x10.7x2.8x
Tue, 22 Apr 2025R980.3bR359.1bR94.4b7.5x10.4x2.7x
Thu, 20 Mar 2025R1.0tR359.1bR94.4b8.2x11x2.9x
Sat, 15 Feb 2025R1.0tR348.4bR90.9b8.3x11.1x2.9x
Mon, 13 Jan 2025R1.0tR348.4bR90.9b8.4x11.1x2.9x
Wed, 11 Dec 2024R1.1tR348.7bR90.6b8.9x11.9x3.1x
Fri, 08 Nov 2024R1.1tR349.1bR90.6b9x11.8x3.1x
Sun, 06 Oct 2024R1.0tR349.6bR91.0b9x11.3x2.9x
Tue, 03 Sep 2024R1.0tR345.2bR89.2b9x11.4x3x
Thu, 01 Aug 2024R958.4bR339.9bR90.0b8.4x10.6x2.8x
Sat, 29 Jun 2024R904.8bR339.9bR90.0b7.9x10x2.7x
Mon, 27 May 2024R815.7bR339.9bR90.0b7.3x9.1x2.4x
Wed, 24 Apr 2024R755.5bR339.9bR90.0b6.6x8.4x2.2x
Fri, 22 Mar 2024R777.6bR337.9bR89.6b6.9x8.7x2.3x
Sun, 18 Feb 2024R831.7bR335.8bR86.3b7.2x9.6x2.5x
Tue, 16 Jan 2024R806.2bR335.8bR86.3b6.8x9.3x2.4x
Thu, 14 Dec 2023R769.4bR335.8bR86.3b6.6x8.9x2.3x
Sat, 11 Nov 2023R794.2bR335.8bR86.3b7.8x9.2x2.4x
Mon, 09 Oct 2023R760.4bR335.7bR86.4b7.2x8.8x2.3x
Wed, 06 Sep 2023R761.6bR334.6bR86.0b7.2x8.9x2.3x
Fri, 04 Aug 2023R755.7bR312.7bR79.3b7.3x9.5x2.4x
Sun, 02 Jul 2023R720.8bR312.7bR79.3b7.5x9.1x2.3x
Tue, 30 May 2023R643.1bR312.7bR79.3b7x8.1x2.1x
Thu, 27 Apr 2023R717.0bR312.7bR79.3b7.2x9x2.3x
Sat, 25 Mar 2023R712.5bR313.0bR78.9b7.1x9x2.3x
Mon, 20 Feb 2023R768.4bR293.3bR71.5b8.7x10.7x2.6x
Wed, 18 Jan 2023R768.7bR293.3bR71.5b8.2x10.7x2.6x
Price to Earnings Ratio

10.7x


Total Market Cap: R768.7bTotal Earnings: R71.5bTotal Revenue: R293.3bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Diversified Banks Industry Price to Earnings3Y Average 10.2x202420252026
Current Industry PE
  • Investors are optimistic on the South African Diversified Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.9x which is higher than its 3-year average PE of 10.2x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 8.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does South African Diversified Banks compare with similar industries?

ZA Market1.61%
Financials0.81%
Banks0.84%
Diversified Banks0.84%
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
NED Nedbank GroupR277.323.7%
+R4.6b		-1.8%PB1.1x
ABG Absa GroupR244.671.8%
+R3.6b		25.5%PB1.2x
SBK Standard Bank GroupR293.240.6%
+R2.9b		34.7%PB1.7x

Latest News

CPI
R4,185.89
Capitec Bank Holdings
7D
-0.09%
1Y
36.4%

CPI: Higher Future P/E Assumptions Will Support More Upbeat Outlook

Analysts have adjusted their price target for Capitec Bank Holdings from R4,368.07 to R4,671.17. This reflects updated views on slightly higher revenue growth, a modestly lower profit margin and a higher assumed future P/E multiple.
SBK
R293.24
Standard Bank Group
7D
0.6%
1Y
34.7%

SBK: Easing Macro Backdrop Will Support Steady Returns With Balanced Near-Term Expectations

Analysts have kept their fair value estimate for Standard Bank Group broadly unchanged at about ZAR 292.74 per share, with a slightly lower discount rate and similar revenue growth, profit margin and forward P/E assumptions. This reflects recent coverage that highlights an easing macro backdrop and a more supportive near term growth outlook for South African banks.
NED
R277.32
Nedbank Group
7D
3.7%
1Y
-1.8%

NED: Settlement Payment And Lower Risk Profile Will Support Future Upside

Analysts have raised their price target on Nedbank Group to R375.74 from R359.06, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E as the key drivers of the change. What's in the News Nedbank Group and Transnet SOC Limited have reached a confidential commercial settlement on their ongoing litigation related to interest rate swap transactions, with no admission of liability by either party.
ABG
R244.67
Absa Group
7D
1.8%
1Y
25.5%

ABG: Larger Domestic Stake Will Support Future Margins And Measured Shareholder Returns

Analysts have modestly raised their price target on Absa Group from R243.84 to approximately R250.61. They cite slightly stronger expected profitability and a marginally higher future valuation multiple, while growth and risk assumptions remain largely unchanged.