Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
Listed Banks & Insurance Trading Metrics
Listed banks are trading at an average P/B of 0.9x, higher than the insurance sector, which is priced at 0.5x.
Both sectors are trading below their 15-year averages of 1.7x and 1.3x, respectively
15 year Price to Book Value: Banking and Insurance
Price to Book Comparison
4.0x
3.4x
3.5x
3.1x
3.0x
2.5x 3.1x
2.3x
2.3x
2.5x
2.5x
2.0x
2.0x
1.7x
1.5x
1.0x
0.5x
2.3x
1.7x
1.5x
15×
1.4x
T.4x
1.9x
1.3x
1.2x
1.4x
16x
0.8x
1.1x
1.3x
1.0x
0.8x
1.0x
1.0x
0.9x
0.9x
0.7x
0.6x
0.6x
0.5x
0.0x
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Q1'2022 H1'2022
Q3'2022
Banking
Insurance
On a price to book valuation, listed banks are currently priced at a P/BV of 0.9x, higher than listed insurance companies at 0.5x, with both lower
than their historical averages of 1.7x for the banking sector and 1.3x for the insurance sector
Cytonn
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