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Australian (ASX) Market Analysis & Valuation

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies1676
  • 7D-2.2%
  • 3M3.5%
  • 1Y5.4%
  • YTD2.9%

Over the last 7 days, the market has dropped 2.2%, driven by pullbacks in every sector, especially the Materials sector. In contrast to the last week, the market is actually up 5.4% over the past year. Earnings are forecast to grow by 13% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024AU$2.6tAU$1.2tAU$92.1b19.2x28.3x2.3x
Sun, 23 Jun 2024AU$2.6tAU$1.2tAU$92.1b18.8x28.2x2.2x
Tue, 21 May 2024AU$2.6tAU$1.2tAU$92.3b19.6x28.4x2.3x
Thu, 18 Apr 2024AU$2.5tAU$1.2tAU$95.9b19.9x26.5x2.2x
Sat, 16 Mar 2024AU$2.6tAU$1.2tAU$96.5b19.5x26.6x2.2x
Mon, 12 Feb 2024AU$2.5tAU$1.2tAU$119.1b19.1x21.4x2.2x
Wed, 10 Jan 2024AU$2.5tAU$1.2tAU$114.7b18.7x21.9x2.2x
Fri, 08 Dec 2023AU$2.4tAU$1.2tAU$116.3b17.9x20.6x2x
Sun, 05 Nov 2023AU$2.4tAU$1.2tAU$117.5b17.8x20x2x
Tue, 03 Oct 2023AU$2.4tAU$1.2tAU$119.5b18x19.9x2x
Thu, 31 Aug 2023AU$2.5tAU$1.2tAU$120.8b18.3x20.4x2.1x
Sat, 29 Jul 2023AU$2.5tAU$1.2tAU$145.4b16.9x17.1x2.1x
Mon, 26 Jun 2023AU$2.4tAU$1.2tAU$145.3b15.9x16.3x2x
Wed, 24 May 2023AU$2.4tAU$1.2tAU$145.9b16.2x16.6x2.1x
Fri, 21 Apr 2023AU$2.5tAU$1.2tAU$144.1b16.1x17.1x2.1x
Sun, 19 Mar 2023AU$2.2tAU$1.1tAU$133.3b16x16.3x2x
Tue, 14 Feb 2023AU$2.5tAU$1.1tAU$144.7b16.2x17.2x2.3x
Thu, 12 Jan 2023AU$2.4tAU$1.1tAU$147.5b15.5x16.4x2.2x
Sat, 10 Dec 2022AU$2.4tAU$1.1tAU$149.1b14.8x16.2x2.2x
Mon, 07 Nov 2022AU$2.3tAU$1.1tAU$150.4b14.7x15.5x2.1x
Wed, 05 Oct 2022AU$2.3tAU$1.1tAU$149.3b14.5x15.2x2.1x
Fri, 02 Sep 2022AU$2.3tAU$1.1tAU$146.2b14.9x15.9x2.2x
Sun, 31 Jul 2022AU$2.4tAU$1.0tAU$132.1b15.2x17.8x2.3x
Tue, 28 Jun 2022AU$2.3tAU$1.0tAU$133.7b15x17x2.2x
Thu, 26 May 2022AU$2.4tAU$1.0tAU$133.6b15.8x18.2x2.3x
Sat, 23 Apr 2022AU$2.6tAU$1.0tAU$128.9b17.5x20.1x2.5x
Mon, 21 Mar 2022AU$2.6tAU$1.0tAU$129.7b17.9x20.1x2.5x
Wed, 16 Feb 2022AU$2.6tAU$994.2bAU$118.3b18.5x21.6x2.6x
Fri, 14 Jan 2022AU$2.7tAU$974.2bAU$103.7b19.4x25.6x2.7x
Sun, 12 Dec 2021AU$2.6tAU$976.4bAU$102.2b18.8x25.3x2.6x
Tue, 09 Nov 2021AU$2.6tAU$963.8bAU$98.0b19.8x26.7x2.7x
Thu, 07 Oct 2021AU$2.5tAU$959.9bAU$95.3b19x26.3x2.6x
Sat, 04 Sep 2021AU$2.6tAU$949.8bAU$96.9b18.8x26.8x2.7x
Mon, 02 Aug 2021AU$2.6tAU$949.7bAU$96.9b18.1x26.5x2.7x
Price to Earnings Ratio

26.5x


Total Market Cap: AU$2.6tTotal Earnings: AU$96.9bTotal Revenue: AU$949.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 20.8x202220232024
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 28.3x which is higher than its 3-year average PE of 20.8x.
Past Earnings Growth
  • The earnings for Australian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 6.8% 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 and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Australian Market?

AU Market-2.20%
Industrials-0.32%
Consumer Discretionary-0.45%
Consumer Staples-0.80%
Financials-0.89%
Healthcare-1.08%
Telecom-1.36%
Tech-1.52%
Utilities-2.55%
Materials-4.66%
Real Estate-4.68%
Energy-6.80%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 63.3x.
    • Analysts are expecting annual earnings growth of 17.1%, which is lower than the prior year's growth of 20.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 9.2% 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
CBA Commonwealth Bank of AustraliaAU$133.141.1%
+AU$2.5b		26.2%PB3.1xFinancials
BHP BHP GroupAU$42.100.8%
+AU$1.7b		-8.1%PE18.9xMaterials
WBC Westpac BankingAU$28.591.3%
+AU$1.2b		28.3%PB1.4xFinancials
COH CochlearAU$339.875.0%
+AU$1.1b		42.2%PE63.5xHealthcare
CPU ComputershareAU$27.505.0%
+AU$753.1m		9.8%PE22.7xIndustrials
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COH

AU$339.87

Cochlear

7D

5.0%

1Y

42.2%

WDS

AU$26.94

Woodside Energy Group

7D

-7.8%

1Y

-29.1%

Revenues Working Against Woodside Energy Group Ltd's (ASX:WDS) Share Price

Jul 26
Revenues Working Against Woodside Energy Group Ltd's (ASX:WDS) Share Price

MQG

AU$204.67

Macquarie Group

7D

-2.6%

1Y

15.8%

WOW

AU$34.21

Woolworths Group

7D

-2.4%

1Y

-12.6%

Woolworths Group Limited's (ASX:WOW) P/S Still Appears To Be Reasonable

Jul 22
Woolworths Group Limited's (ASX:WOW) P/S Still Appears To Be Reasonable

FMG

AU$20.35

Fortescue

7D

-5.9%

1Y

-6.1%

WES

AU$70.92

Wesfarmers

7D

0.8%

1Y

43.0%

Is Now An Opportune Moment To Examine Wesfarmers Limited (ASX:WES)?

Jul 18
Is Now An Opportune Moment To Examine Wesfarmers Limited (ASX:WES)?

BHP

AU$42.10

BHP Group

7D

0.8%

1Y

-8.1%

SCG

AU$3.36

Scentre Group

7D

3.4%

1Y

19.6%

ANZ

AU$29.16

ANZ Group Holdings

7D

-1.9%

1Y

13.2%

GMG

AU$34.52

Goodman Group

7D

-7.0%

1Y

68.4%

CPU

AU$27.50

Computershare

7D

5.0%

1Y

9.8%

What Computershare Limited's (ASX:CPU) P/E Is Not Telling You

Jun 16
What Computershare Limited's (ASX:CPU) P/E Is Not Telling You

CSL

AU$308.05

CSL

7D

-1.2%

1Y

15.5%

QBE

AU$17.31

QBE Insurance Group

7D

2.0%

1Y

9.1%

QBE Insurance Group Limited's (ASX:QBE) Shares Lagging The Market But So Is The Business

May 22
QBE Insurance Group Limited's (ASX:QBE) Shares Lagging The Market But So Is The Business

S32

AU$2.98

South32

7D

-12.9%

1Y

-22.6%

We Think South32 (ASX:S32) Can Stay On Top Of Its Debt

May 21
We Think South32 (ASX:S32) Can Stay On Top Of Its Debt

WBC

AU$28.59

Westpac Banking

7D

1.3%

1Y

28.3%

CBA

AU$133.14

Commonwealth Bank of Australia

7D

1.1%

1Y

26.2%