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Australian (ASX) Market Analysis & Valuation

UpdatedFeb 03, 2023
DataAggregated Company Financials
Companies1902
  • 7D0.5%
  • 3M8.3%
  • 1Y2.1%
  • YTD8.2%

In the last week, the market has stayed flat, however the Information Technology sector stood out, gaining 4.4%. In line with that, the market has also been flat over the past year. Earnings are forecast to grow by 6.2% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Feb 2023AU$2.5tAU$1.1tAU$145.3b16.4x17.5x2.4x
Mon, 02 Jan 2023AU$2.4tAU$1.1tAU$148.0b14.8x16.1x2.2x
Wed, 30 Nov 2022AU$2.5tAU$1.1tAU$149.5b14.6x16.4x2.2x
Fri, 28 Oct 2022AU$2.3tAU$1.1tAU$149.3b14.7x15.6x2.1x
Sun, 25 Sep 2022AU$2.2tAU$1.1tAU$149.4b14.4x15x2.1x
Tue, 23 Aug 2022AU$2.4tAU$1.0tAU$144.0b15.3x16.6x2.3x
Thu, 21 Jul 2022AU$2.3tAU$1.0tAU$132.8b14.9x17.4x2.3x
Sat, 18 Jun 2022AU$2.2tAU$1.0tAU$133.4b14.5x16.2x2.1x
Mon, 16 May 2022AU$2.4tAU$1.1tAU$134.0b16.2x18.2x2.3x
Wed, 13 Apr 2022AU$2.6tAU$1.0tAU$129.1b17.2x20x2.5x
Fri, 11 Mar 2022AU$2.5tAU$1.0tAU$130.1b17.8x19.6x2.5x
Sun, 06 Feb 2022AU$2.5tAU$978.9bAU$104.9b18.3x24.2x2.6x
Tue, 04 Jan 2022AU$2.6tAU$973.8bAU$103.7b19.4x25.5x2.7x
Thu, 02 Dec 2021AU$2.5tAU$979.7bAU$102.6b18.6x24.9x2.6x
Sat, 30 Oct 2021AU$2.6tAU$955.9bAU$95.5b19.8x26.9x2.7x
Mon, 27 Sep 2021AU$2.5tAU$961.2bAU$95.6b19.1x25.9x2.6x
Wed, 25 Aug 2021AU$2.6tAU$949.7bAU$96.9b18.4x26.8x2.7x
Thu, 01 Jul 2021AU$2.5tAU$945.8bAU$96.5b17.7x25.9x2.6x
Sun, 04 Apr 2021AU$2.3tAU$897.3bAU$70.2b17.1x32.7x2.6x
Wed, 06 Jan 2021AU$2.2tAU$874.5bAU$41.6b19.4x53.2x2.5x
Sat, 10 Oct 2020AU$1.9tAU$870.7bAU$44.4b19.7x43.4x2.2x
Fri, 03 Jul 2020AU$1.9tAU$884.9bAU$47.9b19.8x39.2x2.1x
Mon, 06 Apr 2020AU$1.6tAU$930.2bAU$75.2b15.7x20.6x1.7x
Price to Earnings Ratio

21.4x


Total Market Cap: AU$2.0tTotal Earnings: AU$92.2bTotal Revenue: AU$923.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 28.5x202120222023
Current Market PE
  • Investors are pessimistic on the Australian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 17.5x which is lower than its 3-year average PE of 28.5x.
Past Earnings Growth
  • The earnings for Australian listed companies have grown 16% per year over the last three years.
  • Revenues for these companies have grown 5.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Australian Market?

AU Market0.54%
Tech4.39%
Consumer Staples2.98%
Real Estate2.88%
Industrials2.01%
Healthcare1.94%
Consumer Discretionary1.74%
Telecom1.51%
Financials0.42%
Utilities-0.54%
Materials-0.84%
Energy-4.39%
Sector PE
  • Investors are most optimistic about the Healthcare sector, which is trading close to its 3-year average PE ratio of 57.4x.
    • This optimism is likely because analysts are expecting annual earnings growth of 16.1% which is higher than its past year's earnings decline of 6.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 37% over the next 5 years.
  • However this is lower than its past earnings growth rate of 289% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 5.7% 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
CSL CSLAU$313.816.5%
+AU$9.2b
21.3%PE47.4xHealthcare
ANZ ANZ Group HoldingsAU$25.753.1%
+AU$2.3b
-4.9%PB1.2xFinancials
CBA Commonwealth Bank of AustraliaAU$111.151.2%
+AU$2.2b
18.1%PB2.6xFinancials
GMG Goodman GroupAU$20.955.2%
+AU$2.0b
-11.8%PB2.4xReal Estate
WOW Woolworths GroupAU$36.513.9%
+AU$1.6b
4.2%PE28.6xConsumer Staples
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IAG

AU$4.73

Insurance Australia Group

7D

-6.9%

1Y

8.0%

ANZ

AU$25.75

ANZ Group Holdings

7D

3.1%

1Y

-4.9%

IGO

AU$14.64

IGO

7D

-7.4%

1Y

21.3%

QBE

AU$13.20

QBE Insurance Group

7D

-4.8%

1Y

8.0%

WTC

AU$62.00

WiseTech Global

7D

7.7%

1Y

42.1%

WDS

AU$35.63

Woodside Energy Group

7D

-2.2%

1Y

35.6%

CSL

AU$313.81

CSL

7D

6.5%

1Y

21.3%

GMG

AU$20.95

Goodman Group

7D

5.2%

1Y

-11.8%

CBA

AU$111.15

Commonwealth Bank of Australia

7D

1.2%

1Y

18.1%

STO

AU$6.99

Santos

7D

-3.5%

1Y

-6.2%