Australian (ASX) Diversified Banks Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies7
- 7D3.6%
- 3M6.6%
- 1Y23.5%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has risen 3.6%, driven by gains in Commonwealth Bank of Australia and Westpac Banking of 3.9% and 7.4%, respectively. This means that the industry has gained 23% over the past year. Earnings are forecast to grow by 2.1% annually.
Industry Valuation and Performance
Has the Australian Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | AU$492.6b | AU$88.0b | AU$30.9b | 14.8x | 15.9x | 5.6x |
| Fri, 05 Apr 2024 | AU$486.6b | AU$88.7b | AU$32.0b | 12.5x | 15.2x | 5.5x |
| Sun, 03 Mar 2024 | AU$484.7b | AU$88.7b | AU$32.0b | 12.8x | 15.1x | 5.5x |
| Tue, 30 Jan 2024 | AU$462.3b | AU$89.0b | AU$32.5b | 11.6x | 14.2x | 5.2x |
| Thu, 28 Dec 2023 | AU$442.5b | AU$88.9b | AU$32.5b | 11.1x | 13.6x | 5x |
| Sat, 25 Nov 2023 | AU$412.2b | AU$89.0b | AU$32.5b | 10.4x | 12.7x | 4.6x |
| Mon, 23 Oct 2023 | AU$407.2b | AU$87.1b | AU$31.8b | 11.4x | 12.8x | 4.7x |
| Wed, 20 Sep 2023 | AU$419.2b | AU$87.1b | AU$31.8b | 11.9x | 13.2x | 4.8x |
| Fri, 18 Aug 2023 | AU$407.0b | AU$87.1b | AU$31.8b | 11.7x | 12.8x | 4.7x |
| Sun, 16 Jul 2023 | AU$406.5b | AU$87.2b | AU$31.7b | 11.3x | 12.8x | 4.7x |
| Tue, 13 Jun 2023 | AU$383.0b | AU$87.3b | AU$31.7b | 10.6x | 12.1x | 4.4x |
| Thu, 11 May 2023 | AU$399.3b | AU$87.3b | AU$31.7b | 11x | 12.6x | 4.6x |
| Sat, 08 Apr 2023 | AU$403.7b | AU$85.5b | AU$30.6b | 12.4x | 13.2x | 4.7x |
| Mon, 06 Mar 2023 | AU$408.1b | AU$85.5b | AU$30.6b | 12.9x | 13.3x | 4.8x |
| Wed, 01 Feb 2023 | AU$447.6b | AU$84.2b | AU$30.0b | 12.3x | 14.9x | 5.3x |
| Fri, 30 Dec 2022 | AU$423.1b | AU$84.2b | AU$30.0b | 11.7x | 14.1x | 5x |
| Sun, 27 Nov 2022 | AU$445.3b | AU$84.2b | AU$30.0b | 12.2x | 14.8x | 5.3x |
| Tue, 25 Oct 2022 | AU$430.1b | AU$84.4b | AU$29.0b | 12.9x | 14.8x | 5.1x |
| Thu, 22 Sep 2022 | AU$406.1b | AU$84.3b | AU$29.0b | 12.1x | 14x | 4.8x |
| Sat, 20 Aug 2022 | AU$415.8b | AU$84.2b | AU$29.0b | 12.1x | 14.4x | 4.9x |
| Mon, 18 Jul 2022 | AU$383.0b | AU$83.9b | AU$29.2b | 11.1x | 13.1x | 4.6x |
| Wed, 15 Jun 2022 | AU$376.8b | AU$83.9b | AU$29.1b | 10.8x | 12.9x | 4.5x |
| Fri, 13 May 2022 | AU$427.0b | AU$83.9b | AU$29.1b | 12.4x | 14.7x | 5.1x |
| Sun, 10 Apr 2022 | AU$449.3b | AU$83.1b | AU$28.3b | 13.9x | 15.9x | 5.4x |
| Tue, 08 Mar 2022 | AU$403.9b | AU$83.1b | AU$28.3b | 12.6x | 14.2x | 4.9x |
| Thu, 03 Feb 2022 | AU$407.5b | AU$81.7b | AU$27.3b | 13.8x | 14.9x | 5x |
| Sat, 01 Jan 2022 | AU$426.2b | AU$81.7b | AU$27.3b | 14.3x | 15.6x | 5.2x |
| Mon, 29 Nov 2021 | AU$410.1b | AU$81.7b | AU$27.3b | 14x | 15x | 5x |
| Wed, 27 Oct 2021 | AU$450.2b | AU$76.6b | AU$23.9b | 17.1x | 18.8x | 5.9x |
| Fri, 24 Sep 2021 | AU$438.9b | AU$76.6b | AU$23.9b | 16.3x | 18.4x | 5.7x |
| Sun, 22 Aug 2021 | AU$443.6b | AU$76.6b | AU$23.9b | 16.8x | 18.6x | 5.8x |
| Fri, 09 Jul 2021 | AU$438.2b | AU$75.8b | AU$23.6b | 16.8x | 18.6x | 5.8x |
Price to Earnings Ratio
19.7x
Current Industry PE
- Investors are relatively neutral on the Australian Diversified 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 14.8x.
- The industry is trading close to its 3-year average PS ratio of 5.1x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 5.7% 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 Australian Diversified Banks compare with similar industries?
| AU Market | 1.62% | |
| Financials | 2.56% | |
| Banks | 3.50% | |
| Diversified Banks | 3.61% | |
| Regional Banks | -1.39% | |
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 | |
|---|---|---|---|---|---|
| CBA Commonwealth Bank of Australia | AU$119.74 | 5.1% +AU$9.7b | 22.4% | PB2.7x | |
| WBC Westpac Banking | AU$27.89 | 8.1% +AU$7.3b | 28.5% | PB1.3x | |
| ANZ ANZ Group Holdings | AU$29.12 | 3.7% +AU$3.1b | 20.8% | PB1.3x | |
| NAB National Australia Bank | AU$33.96 | 0.5% +AU$526.0m | 29.3% | PB1.7x | |
| BFL BSP Financial Group | AU$6.25 | 2.3% +AU$65.4m | 27.6% | PB1.7x |