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Australian (ASX) Market Analysis & Valuation

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies1689
  • 7D-2.2%
  • 3M4.0%
  • 1Y10.2%
  • YTD1.0%

Over the last 7 days, the market has dropped 2.2%, driven by declines in the Financials and Materials sectors of 3.0% and 3.6%, respectively. In the last year, the market is actually up 10%. Looking forward, earnings are forecast to grow by 13% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sun, 10 Oct 2021AU$2.5tAU$959.4bAU$95.2b19.2x26.8x2.7x
Tue, 07 Sep 2021AU$2.6tAU$952.7bAU$97.1b18.8x26.9x2.7x
Thu, 05 Aug 2021AU$2.6tAU$949.7bAU$96.9b18.1x26.6x2.7x
Sun, 09 May 2021AU$2.4tAU$900.0bAU$70.3b18.5x34x2.7x
Price to Earnings Ratio

32.7x


Total Market Cap: AU$2.3tTotal Earnings: AU$70.2bTotal Revenue: AU$897.3bTotal 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 26.5x which is higher than its 3-year average PE of 21.2x.
Past Earnings Growth
  • The earnings for Australian listed companies have grown 11% per year over the last three years.
  • Revenues for these companies have grown 9.5% 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 Market-2.25%
Utilities1.17%
Real Estate0.76%
Tech-0.29%
Consumer Staples-0.45%
Consumer Discretionary-0.88%
Healthcare-1.78%
Energy-1.93%
Industrials-2.45%
Telecom-2.58%
Financials-3.03%
Materials-3.61%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 59.5x.
    • Analysts expect its future annual earnings growth (18.0%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings growth rate of 9.2% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 14% 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
S32 South32AU$3.147.5%
+AU$992.7m
-21.9%PS1.3xMaterials
QBE QBE Insurance GroupAU$17.593.0%
+AU$763.5m
28.4%PE13.3xFinancials
STO SantosAU$7.362.9%
+AU$680.2m
9.2%PE11.1xEnergy
SUN Suncorp GroupAU$15.962.8%
+AU$558.9m
37.6%PE17.2xFinancials
WES WesfarmersAU$66.510.7%
+AU$499.3m
37.8%PE30.1xConsumer Discretionary
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

CBA

AU$116.46

Commonwealth Bank of Australia

7D

-1.4%

1Y

21.2%

TLX

AU$12.50

Telix Pharmaceuticals

7D

10.7%

1Y

76.8%

BHP

AU$42.41

BHP Group

7D

-1.0%

1Y

-1.3%

STO

AU$7.36

Santos

7D

2.9%

1Y

9.2%

SFR

AU$8.60

Sandfire Resources

7D

13.2%

1Y

50.3%

QBE

AU$17.59

QBE Insurance Group

7D

3.0%

1Y

28.4%

MQG

AU$198.48

Macquarie Group

7D

0.7%

1Y

18.3%