Home / Resources / Knowledge Base / Industry Analysis Industry Analysis Banks are not software companies. Sector-by-sector guides to the metrics and risks that actually matter.
A bank is not a software company, and the metrics that matter change with the model. These sector guides walk through what to measure and what to fear in each industry, so you can judge a business on the terms that actually apply to it.
9 articles in this module
How to Analyze a Software Company How to analyze a software company: recurring revenue, net revenue retention, the Rule of 40 read skeptically, and the stock-based compensation that dilutes owners. 8 min read How to Analyze a Bank How to analyze a bank: why P/E misleads, the return, efficiency and net interest margin ratios that matter, credit costs, and reading price-to-tangible-book. 7 min read How to Analyze an Insurance Company How to analyze an insurance company: the combined ratio, float explained in plain words, honest reserve development, and why price-to-book anchors the value. 7 min read How to Analyze a Retail Business How to analyze a retail business: same-store sales, inventory turns, the gross margin structure of thin-margin selling, and lease-adjusted debt behind the stores. 7 min read How to Analyze a Consumer Brand How to analyze a consumer brand: evidence of real pricing power, durable gross margins, advertising as investment, and splitting growth into volume versus price. 8 min read How to Analyze a Healthcare Company How to analyze a healthcare company: the pipeline against the patent cliff, R&D productivity, payer concentration, and framing regulatory risk without guessing. 7 min read How to Analyze a REIT How to analyze a REIT: why FFO and AFFO beat EPS when depreciation lies about buildings, payout on AFFO, cap rates in plain words, and debt maturity ladders. 7 min read How to Analyze an Energy Company How to analyze an energy company: commodity price-taking, reserve replacement, breakeven costs, capital discipline, and why trailing P/E misleads at cycle turns. 8 min read How to Analyze a Semiconductor Company How to analyze a semiconductor company: cyclicality, the fab versus fabless capital models, design-win stickiness, and inventory as the earliest warning. 7 min read Data from Intrinio and Financial Modeling Prep.
