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South African (JSE) Diversified Banks Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies4
  • 7D-8.3%
  • 3M7.8%
  • 1Y31.5%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has dropped 11%, driven by declines from every company within the industry. This takes the industry's 12 month performance to a gain of 28%. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026R1.3tR371.4bR92.1b13.2x14.1x3.5x
Thu, 05 Feb 2026R1.3tR378.5bR100.5b10x13.4x3.6x
Sat, 03 Jan 2026R1.3tR378.5bR100.5b9.5x12.7x3.4x
Mon, 01 Dec 2025R1.2tR378.5bR100.5b8.4x11.6x3.1x
Wed, 29 Oct 2025R1.2tR378.5bR100.5b8.1x11.5x3.1x
Fri, 26 Sep 2025R1.0tR374.9bR99.0b7.4x10.5x2.8x
Sun, 24 Aug 2025R1.1tR374.9bR99.0b8x11.2x3x
Tue, 22 Jul 2025R1.0tR363.2bR95.8b7.7x10.9x2.9x
Thu, 19 Jun 2025R1.0tR363.2bR95.8b7.7x10.7x2.8x
Sat, 17 May 2025R1.1tR363.2bR95.8b8x11x2.9x
Mon, 14 Apr 2025R930.3bR359.1bR94.4b7.2x9.9x2.6x
Wed, 12 Mar 2025R982.9bR355.8bR94.4b7.8x10.4x2.8x
Fri, 07 Feb 2025R1.0tR348.4bR90.9b8.3x11.2x2.9x
Sun, 05 Jan 2025R1.0tR348.4bR90.9b8.4x11.3x2.9x
Tue, 03 Dec 2024R1.0tR348.7bR90.6b8.7x11.5x3x
Thu, 31 Oct 2024R1.0tR349.1bR90.6b9x11.6x3x
Sat, 28 Sep 2024R1.1tR345.2bR89.2b9.3x11.8x3.1x
Mon, 26 Aug 2024R1.0tR345.2bR89.2b9x11.3x2.9x
Wed, 24 Jul 2024R926.7bR339.9bR90.0b8x10.3x2.7x
Fri, 21 Jun 2024R916.0bR339.9bR90.0b7.9x10.2x2.7x
Sun, 19 May 2024R815.6bR339.9bR90.0b7.2x9.1x2.4x
Tue, 16 Apr 2024R750.4bR337.8bR89.5b6.7x8.4x2.2x
Thu, 14 Mar 2024R811.2bR338.4bR85.8b7x9.5x2.4x
Sat, 10 Feb 2024R809.9bR335.8bR86.3b6.9x9.4x2.4x
Mon, 08 Jan 2024R804.7bR335.8bR86.3b7.9x9.3x2.4x
Wed, 06 Dec 2023R802.0bR335.8bR86.3b7.3x9.3x2.4x
Fri, 03 Nov 2023R773.6bR335.7bR86.4b7.4x9x2.3x
Sun, 01 Oct 2023R751.3bR335.7bR86.4b7.3x8.7x2.2x
Tue, 29 Aug 2023R773.9bR334.6bR86.0b7.4x9x2.3x
Thu, 27 Jul 2023R770.2bR312.7bR79.3b7.5x9.7x2.5x
Sat, 24 Jun 2023R699.2bR312.7bR79.3b7.4x8.8x2.2x
Mon, 22 May 2023R657.8bR312.7bR79.3b6.9x8.3x2.1x
Wed, 19 Apr 2023R721.5bR313.0bR78.9b7.3x9.1x2.3x
Fri, 17 Mar 2023R709.1bR313.1bR78.9b7.3x9x2.3x
Price to Earnings Ratio

9x


Total Market Cap: R709.1bTotal Earnings: R78.9bTotal Revenue: R313.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Diversified Banks Industry Price to Earnings3Y Average 10.4x202420252026
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 13.9x which is higher than its 3-year average PE of 10.3x.
  • The 3-year average PS ratio of 2.7x 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 5.3% per year over the last three years.
  • Revenues for these companies have grown 5.9% 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 Market-7.75%
Financials-7.87%
Banks-8.34%
Diversified Banks-8.34%
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
No data available

Latest News

ABG
R239.92
Absa Group
7D
-3.8%
1Y
29.0%
CPI
R4,340.00
Capitec Bank Holdings
7D
-3.0%
1Y
47.1%

CPI: Earnings Guidance Uplift Will Likely Keep Shares Looking Overpriced

Analysts have trimmed their price target for Capitec Bank Holdings slightly, with fair value moving from ZAR3,474.12 to ZAR3,445.76 as they factor in updated assumptions for discount rate, revenue growth, profit margin and future P/E. What's in the News Capitec Bank Holdings issued group earnings guidance for the year ending 28 February 2026, covering both headline earnings per share and earnings per share.
SBK
R298.68
Standard Bank Group
7D
-2.1%
1Y
36.2%

SBK: Cautious Downgrade Will Still Support Steady ROE Through 2028

Analysts have trimmed their price target for Standard Bank Group to ZAR307.41. This reflects a slightly lower discount rate and a marginally revised forward P/E outlook following more cautious sector commentary and a downgrade from Investec.
NED
R278.00
Nedbank Group
7D
-6.8%
1Y
3.9%

NED: Earnings Guidance Compression Will Shape A More Cautious Bearish Outlook

Nedbank Group's analyst price target shifts from ZAR255.00 to about ZAR259.94, with analysts citing updated assumptions on revenue growth, profit margins, and a slightly lower future P/E as key factors behind the change. Analyst Commentary Bearish analysts are framing the latest price target revision as a relatively modest adjustment that still reflects several underlying concerns about Nedbank Group's risk and reward profile.