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Australian (ASX) Market Analysis & Valuation

UpdatedNov 05, 2024
DataAggregated Company Financials
Companies1636
  • 7D-0.6%
  • 3M6.7%
  • 1Y16.5%
  • YTD6.6%

Over the last 7 days, the market has dropped 1.1%, driven by a loss of 1.6% in the Financials sector. In the last year, the market is actually up 16%. Earnings are forecast to grow by 12% annually.

Market Valuation and Performance

Has the Australian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 05 Nov 2024AU$2.7tAU$1.2tAU$88.7b19.5x30.4x2.3x
Thu, 03 Oct 2024AU$2.7tAU$1.2tAU$87.0b19.8x31.3x2.4x
Sat, 31 Aug 2024AU$2.7tAU$1.2tAU$87.9b19.9x30.4x2.3x
Mon, 29 Jul 2024AU$2.6tAU$1.2tAU$92.1b19.2x28.5x2.3x
Wed, 26 Jun 2024AU$2.6tAU$1.2tAU$92.0b19.1x28.4x2.3x
Fri, 24 May 2024AU$2.6tAU$1.2tAU$92.2b19.4x28.2x2.2x
Sun, 21 Apr 2024AU$2.5tAU$1.2tAU$95.9b19.6x26.3x2.1x
Tue, 19 Mar 2024AU$2.6tAU$1.2tAU$96.4b19.2x26.6x2.2x
Thu, 15 Feb 2024AU$2.5tAU$1.2tAU$117.9b19x21.4x2.2x
Sat, 13 Jan 2024AU$2.5tAU$1.2tAU$114.8b18.6x21.9x2.2x
Mon, 11 Dec 2023AU$2.4tAU$1.2tAU$116.3b18x20.7x2.1x
Wed, 08 Nov 2023AU$2.3tAU$1.2tAU$118.2b18x19.7x2x
Fri, 06 Oct 2023AU$2.4tAU$1.2tAU$120.0b17.6x19.8x2x
Sun, 03 Sep 2023AU$2.5tAU$1.2tAU$119.7b18.6x20.5x2.1x
Tue, 01 Aug 2023AU$2.5tAU$1.2tAU$144.9b16.9x17.2x2.1x
Thu, 29 Jun 2023AU$2.4tAU$1.2tAU$145.7b16.4x16.3x2x
Sat, 27 May 2023AU$2.4tAU$1.2tAU$146.9b16.1x16.3x2x
Mon, 24 Apr 2023AU$2.5tAU$1.2tAU$144.2b16.2x17.1x2.1x
Wed, 22 Mar 2023AU$2.2tAU$1.1tAU$134.0b15.9x16.2x2x
Fri, 17 Feb 2023AU$2.5tAU$1.1tAU$143.3b16.4x17.4x2.3x
Sun, 15 Jan 2023AU$2.5tAU$1.1tAU$146.7b15.8x16.8x2.3x
Tue, 13 Dec 2022AU$2.4tAU$1.1tAU$149.0b14.4x16.2x2.2x
Thu, 10 Nov 2022AU$2.3tAU$1.1tAU$151.4b14.6x15.5x2.1x
Sat, 08 Oct 2022AU$2.3tAU$1.1tAU$150.1b15.2x15.3x2.1x
Mon, 05 Sep 2022AU$2.3tAU$1.1tAU$146.5b14.9x15.8x2.1x
Wed, 03 Aug 2022AU$2.4tAU$1.0tAU$132.1b15.2x17.9x2.3x
Fri, 01 Jul 2022AU$2.2tAU$1.0tAU$134.3b14.8x16.6x2.1x
Sun, 29 May 2022AU$2.4tAU$1.0tAU$133.3b15.9x18.3x2.3x
Tue, 26 Apr 2022AU$2.6tAU$1.0tAU$129.7b17.5x20x2.5x
Thu, 24 Mar 2022AU$2.6tAU$1.0tAU$129.8b17.9x20.3x2.5x
Sat, 19 Feb 2022AU$2.6tAU$1.0tAU$124.2b18x20.6x2.6x
Mon, 17 Jan 2022AU$2.6tAU$975.8bAU$104.0b19.3x25.3x2.7x
Wed, 15 Dec 2021AU$2.6tAU$977.6bAU$102.5b18.8x25.4x2.7x
Fri, 12 Nov 2021AU$2.6tAU$967.2bAU$99.8b19.7x26x2.7x
Price to Earnings Ratio

26x


Total Market Cap: AU$2.6tTotal Earnings: AU$99.8bTotal Revenue: AU$967.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 21.2x202220232024
Current Market PE
  • Investors are optimistic on the Australian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 30.2x which is higher than its 3-year average PE of 21.2x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 3.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.3% 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, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Australian Market?

AU Market-1.09%
Tech2.92%
Materials0.21%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Consumer Discretionary-0.45%
Real Estate-0.76%
Telecom-1.15%
Energy-1.30%
Industrials-1.35%
Financials-1.56%
Healthcare-2.49%
Utilities-3.24%
Consumer Staples-5.37%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 65.9x.
    • Analysts are expecting annual earnings growth of 18.2%, which is lower than the prior year's growth of 23.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 8.0% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 9.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
WTC WiseTech GlobalAU$121.527.5%
+AU$2.8b
100.5%PE153.4xTech
CBA Commonwealth Bank of AustraliaAU$144.351.0%
+AU$2.5b
43.7%PB3.3xFinancials
ALL Aristocrat LeisureAU$62.334.3%
+AU$1.6b
57.0%PE25.9xConsumer Discretionary
GMG Goodman GroupAU$36.501.9%
+AU$1.3b
66.3%PB4xReal Estate
WBC Westpac BankingAU$32.400.7%
+AU$824.1m
47.8%PB1.6xFinancials
See more
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WBC

AU$32.40

Westpac Banking

7D

0.7%

1Y

47.8%

MIN

AU$36.70

Mineral Resources

7D

6.3%

1Y

-39.5%

WOW

AU$29.89

Woolworths Group

7D

-8.7%

1Y

-15.2%

MQG

AU$222.28

Macquarie Group

7D

-4.4%

1Y

37.5%

CBA

AU$144.35

Commonwealth Bank of Australia

7D

1.0%

1Y

43.7%

PME

AU$195.57

Pro Medicus

7D

3.5%

1Y

139.6%

GMG

AU$36.50

Goodman Group

7D

1.9%

1Y

66.3%

SUN

AU$17.69

Suncorp Group

7D

-2.9%

1Y

29.6%