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South African (JSE) Diversified Banks Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies5
- 7D-0.5%
- 3M4.6%
- 1Y31.8%
- YTDn/a
In the last week, Diversified Banks has been flat. As for the the longer term, the industry is up 32% over the past 12 months. Earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the South African Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | R1.1t | R349.1b | R90.6b | 8.8x | 11.6x | 3x |
| Sat, 19 Oct 2024 | R1.1t | R349.6b | R91.0b | 9x | 11.6x | 3x |
| Mon, 16 Sep 2024 | R1.0t | R345.2b | R89.2b | 8.7x | 11.2x | 2.9x |
| Wed, 14 Aug 2024 | R941.1b | R341.9b | R90.6b | 8.4x | 10.4x | 2.8x |
| Fri, 12 Jul 2024 | R914.0b | R339.9b | R90.0b | 8x | 10.2x | 2.7x |
| Sun, 09 Jun 2024 | R783.5b | R339.9b | R90.0b | 6.8x | 8.7x | 2.3x |
| Tue, 07 May 2024 | R791.4b | R339.9b | R90.0b | 6.9x | 8.8x | 2.3x |
| Thu, 04 Apr 2024 | R767.4b | R337.9b | R89.6b | 6.7x | 8.6x | 2.3x |
| Sat, 02 Mar 2024 | R829.6b | R335.8b | R86.3b | 7x | 9.6x | 2.5x |
| Mon, 29 Jan 2024 | R817.9b | R335.8b | R86.3b | 6.9x | 9.5x | 2.4x |
| Wed, 27 Dec 2023 | R801.0b | R335.8b | R86.3b | 7.1x | 9.3x | 2.4x |
| Fri, 24 Nov 2023 | R808.1b | R335.8b | R86.3b | 7.9x | 9.4x | 2.4x |
| Sun, 22 Oct 2023 | R741.2b | R335.7b | R86.4b | 7.1x | 8.6x | 2.2x |
| Tue, 19 Sep 2023 | R732.3b | R334.6b | R86.0b | 7.2x | 8.5x | 2.2x |
| Thu, 17 Aug 2023 | R764.6b | R317.6b | R80.2b | 7x | 9.5x | 2.4x |
| Sat, 15 Jul 2023 | R745.5b | R312.7b | R79.3b | 7.3x | 9.4x | 2.4x |
| Mon, 12 Jun 2023 | R699.2b | R312.7b | R79.3b | 7.4x | 8.8x | 2.2x |
| Wed, 10 May 2023 | R698.4b | R312.7b | R79.3b | 7.2x | 8.8x | 2.2x |
| Fri, 07 Apr 2023 | R745.3b | R313.0b | R78.9b | 7.6x | 9.4x | 2.4x |
| Sun, 05 Mar 2023 | R781.9b | R293.3b | R71.5b | 8.8x | 10.9x | 2.7x |
| Tue, 31 Jan 2023 | R780.5b | R293.3b | R71.5b | 8.6x | 10.9x | 2.7x |
| Thu, 29 Dec 2022 | R769.4b | R293.3b | R71.5b | 8.1x | 10.8x | 2.6x |
| Sat, 26 Nov 2022 | R815.1b | R293.3b | R71.5b | 8.6x | 11.4x | 2.8x |
| Mon, 24 Oct 2022 | R744.0b | R293.3b | R71.5b | 7.9x | 10.4x | 2.5x |
| Wed, 21 Sep 2022 | R696.8b | R292.3b | R70.7b | 8.3x | 9.9x | 2.4x |
| Fri, 19 Aug 2022 | R799.8b | R282.1b | R64.8b | 9.7x | 12.3x | 2.8x |
| Sun, 17 Jul 2022 | R706.2b | R276.9b | R62.5b | 9.2x | 11.3x | 2.6x |
| Tue, 14 Jun 2022 | R731.8b | R276.9b | R62.5b | 10.3x | 11.7x | 2.6x |
| Thu, 12 May 2022 | R740.3b | R276.9b | R62.5b | 9.5x | 11.8x | 2.7x |
| Sat, 09 Apr 2022 | R818.7b | R274.4b | R61.7b | 9.7x | 13.3x | 3x |
| Mon, 07 Mar 2022 | R758.9b | R296.2b | R55.5b | 11.9x | 13.7x | 2.6x |
| Wed, 02 Feb 2022 | R715.8b | R296.1b | R55.5b | 12x | 12.9x | 2.4x |
| Fri, 31 Dec 2021 | R677.2b | R296.1b | R55.5b | 11.3x | 12.2x | 2.3x |
| Sun, 28 Nov 2021 | R574.9b | R296.1b | R55.5b | 9.9x | 10.4x | 1.9x |
Price to Earnings Ratio
10.4x
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 11.6x which is higher than its 3-year average PE 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 Diversified 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 Comparison
How does South African Diversified Banks compare with similar industries?
| ZA Market | 0.33% | |
| Financials | -0.24% | |
| Banks | -0.46% | |
| Diversified Banks | -0.46% | |
| Regional Banks | 0% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CPI Capitec Bank Holdings | R3.34k | 1.8% +R7.0b | 69.3% | PB8.4x | |
| SBK Standard Bank Group | R244.70 | 1.2% +R5.0b | 25.4% | PB1.6x | |
| NED Nedbank Group | R296.44 | 2.0% +R2.7b | 42.5% | PB1.3x | |
| ABG Absa Group | R169.37 | 1.7% +R2.3b | -2.3% | PB0.9x | |
| SFN Sasfin Holdings | R28.01 | 0.04% +R306.7k | 0.8% | PB0.5x |