Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
Listed Banks Trading Metrics
The listed banking sector has continued to trade at cheaper prices compared to historical averages, as it is
currently trading at an average P/TBV of 0.9x and average P/E of 3.7x
Bank
DTBK
I&M Holdings
KCB Group
Stanbic Bank
Coop Bank
NCBA Group
Equity Bank
SCBK
Absa Bank
Market Cap (Kshs
No. of shares (bn)
P/E
Price*
P/TBV
bn)
0.3
13.4
2.4x
48.1
0.2x
1.7
27.8
2.9x
16.8
0.5x
3.2
120.8
3.1x
37.6
0.7x
0.4
37.6
3.2x
95.0
0.8x
5.9
71.6
3.3x
12.2
0.8x
1.6
57.7
3.5x
35.0
0.8x
3.8
170.0
3.6x
45.1
1.3x
0.4
55.2
4.8x
146.0
1.1x
5.4
65.2
4.9x
12.0
1.1x
0.4
1.3
33.0x
3.3
0.2x
3.7x
0.9x
5.1x
0.9x
HF Group
Weighted Average Q3'2022*
Weighted Average Q3'2021**
P/E calculation for HF used normalized earnings over a period of 5 years
*Prices as at 8th December 2022
**Prices as at 12th December 2021
Cytonn
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