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Australian (ASX) Banks Industry Analysis
UpdatedJun 10, 2025
DataAggregated Company Financials
Companies14
- 7D0.9%
- 3M16.6%
- 1Y25.6%
- YTD9.3%
All of the companies in the Banks industry have been up over the last week, with the industry up 2.0%. This means that the industry has gained 25% over the past year. Earnings are forecast to grow by 2.8% annually.
Industry Valuation and Performance
Has the Australian Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 10 Jun 2025 | AU$638.4b | AU$94.6b | AU$31.8b | 15.1x | 20.1x | 6.8x |
| Thu, 08 May 2025 | AU$602.3b | AU$93.6b | AU$31.5b | 13.6x | 19.1x | 6.4x |
| Sat, 05 Apr 2025 | AU$566.2b | AU$93.3b | AU$31.7b | 12.3x | 17.9x | 6.1x |
| Mon, 03 Mar 2025 | AU$584.2b | AU$93.3b | AU$31.7b | 13.5x | 18.4x | 6.3x |
| Wed, 29 Jan 2025 | AU$612.4b | AU$92.5b | AU$31.4b | 13.9x | 19.5x | 6.6x |
| Fri, 27 Dec 2024 | AU$588.8b | AU$92.5b | AU$31.4b | 13.9x | 18.7x | 6.4x |
| Sun, 24 Nov 2024 | AU$619.4b | AU$92.5b | AU$31.4b | 14.1x | 19.7x | 6.7x |
| Tue, 22 Oct 2024 | AU$585.4b | AU$91.8b | AU$31.6b | 12.8x | 18.5x | 6.4x |
| Thu, 19 Sep 2024 | AU$584.7b | AU$91.9b | AU$31.6b | 12.6x | 18.5x | 6.4x |
| Sat, 17 Aug 2024 | AU$550.4b | AU$91.7b | AU$31.3b | 12.1x | 17.6x | 6x |
| Mon, 15 Jul 2024 | AU$535.8b | AU$91.7b | AU$31.6b | 11x | 16.9x | 5.8x |
| Wed, 12 Jun 2024 | AU$515.8b | AU$91.7b | AU$31.8b | 10.7x | 16.2x | 5.6x |
| Fri, 10 May 2024 | AU$492.1b | AU$91.7b | AU$31.8b | 10.7x | 15.5x | 5.4x |
| Sun, 07 Apr 2024 | AU$496.3b | AU$92.5b | AU$32.7b | 11.1x | 15.2x | 5.4x |
| Tue, 05 Mar 2024 | AU$497.5b | AU$92.5b | AU$32.7b | 11x | 15.2x | 5.4x |
| Thu, 01 Feb 2024 | AU$478.7b | AU$92.8b | AU$33.2b | 8.4x | 14.4x | 5.2x |
| Sat, 30 Dec 2023 | AU$454.4b | AU$92.8b | AU$33.2b | 8.1x | 13.7x | 4.9x |
| Mon, 27 Nov 2023 | AU$421.4b | AU$92.8b | AU$33.2b | 7.9x | 12.7x | 4.5x |
| Wed, 25 Oct 2023 | AU$414.8b | AU$91.0b | AU$32.5b | 7.9x | 12.8x | 4.6x |
| Fri, 22 Sep 2023 | AU$419.4b | AU$91.0b | AU$32.6b | 8x | 12.9x | 4.6x |
| Sun, 20 Aug 2023 | AU$414.8b | AU$91.0b | AU$32.6b | 8.4x | 12.7x | 4.6x |
| Tue, 18 Jul 2023 | AU$417.8b | AU$91.0b | AU$32.4b | 8.3x | 12.9x | 4.6x |
| Thu, 15 Jun 2023 | AU$396.9b | AU$91.0b | AU$32.4b | 8.2x | 12.2x | 4.4x |
| Sat, 13 May 2023 | AU$409.9b | AU$91.0b | AU$32.4b | 8.1x | 12.6x | 4.5x |
| Mon, 10 Apr 2023 | AU$413.5b | AU$89.2b | AU$31.5b | 9.7x | 13.1x | 4.6x |
| Wed, 08 Mar 2023 | AU$422.8b | AU$88.9b | AU$31.4b | 9x | 13.5x | 4.8x |
| Fri, 03 Feb 2023 | AU$456.1b | AU$87.5b | AU$30.9b | 10.7x | 14.8x | 5.2x |
| Sun, 01 Jan 2023 | AU$434.9b | AU$87.6b | AU$30.9b | 10.3x | 14.1x | 5x |
| Tue, 29 Nov 2022 | AU$453.1b | AU$87.6b | AU$30.9b | 11x | 14.7x | 5.2x |
| Thu, 27 Oct 2022 | AU$448.7b | AU$87.8b | AU$29.9b | 11.4x | 15x | 5.1x |
| Sat, 24 Sep 2022 | AU$408.8b | AU$87.6b | AU$29.9b | 11.1x | 13.7x | 4.7x |
| Mon, 22 Aug 2022 | AU$426.0b | AU$87.6b | AU$30.0b | 12.1x | 14.2x | 4.9x |
| Wed, 20 Jul 2022 | AU$392.9b | AU$87.3b | AU$30.2b | 12.1x | 13x | 4.5x |
| Fri, 17 Jun 2022 | AU$335.0b | AU$87.2b | AU$30.2b | 10.5x | 11.1x | 3.8x |
Price to Earnings Ratio
11.1x
Current Industry PE
- Investors are optimistic on the Australian Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 20.1x which is higher than its 3-year average PE of 15.3x.
- The 3-year average PS ratio of 5.3x is lower than the industry's current PS ratio of 6.8x.
Past Earnings Growth
- The earnings for companies in the Banks industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 2.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Australian Financials industry?
| AU Market | 0.63% | |
| Financials | 0.63% | |
| Banks | 0.92% | |
| Regional Banks | 2.29% | |
| Diversified Banks | 0.89% | |
Industry PE
- Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 15.3x.
- Analysts are expecting annual earnings growth of 2.7%, which is higher than its past year's earnings decline of 1.1% per year.
- Investors are most pessimistic about the Regional Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.9x.
Forecasted Growth
- Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 6.6% over the next 5 years.
- This is better than its past earnings decline of 7.8% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings grow by 2.7% per year over the next few years.
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$179.90 | 0.7% +AU$2.1b | 44.0% | PB4x | |
| WBC Westpac Banking | AU$33.18 | 1.7% +AU$1.9b | 24.3% | PB1.6x | |
| NAB National Australia Bank | AU$38.58 | 1.0% +AU$1.2b | 10.6% | PB1.9x | |
| ANZ ANZ Group Holdings | AU$29.50 | 0.5% +AU$415.4m | 2.0% | PB1.2x | |
| BEN Bendigo and Adelaide Bank | AU$12.75 | 3.5% +AU$243.5m | 13.3% | PB1x |