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Australian (ASX) Market Analysis & Valuation

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies1696
  • 7D0.8%
  • 3M8.6%
  • 1Y4.3%
  • YTD0.6%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 4.7% in that time. As for the longer term, the market has risen 4.3% in the past 12 months. Looking forward, earnings are forecast to grow by 10% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024AU$2.6tAU$1.2tAU$114.8b19.1x22.3x2.2x
Fri, 19 Jan 2024AU$2.5tAU$1.2tAU$115.6b18.5x21.3x2.1x
Sun, 17 Dec 2023AU$2.5tAU$1.2tAU$115.3b18.4x21.6x2.1x
Tue, 14 Nov 2023AU$2.3tAU$1.2tAU$117.8b18.1x19.8x2x
Thu, 12 Oct 2023AU$2.4tAU$1.2tAU$119.1b17.8x20.1x2x
Sat, 09 Sep 2023AU$2.4tAU$1.2tAU$120.7b18x20x2x
Mon, 07 Aug 2023AU$2.5tAU$1.2tAU$146.1b16.8x16.9x2.1x
Wed, 05 Jul 2023AU$2.4tAU$1.2tAU$145.2b16.4x16.8x2.1x
Fri, 02 Jun 2023AU$2.4tAU$1.2tAU$146.9b16x16.2x2x
Sun, 30 Apr 2023AU$2.5tAU$1.2tAU$145.0b16.3x16.9x2.1x
Tue, 28 Mar 2023AU$2.3tAU$1.2tAU$145.1b15.9x16.1x2x
Thu, 23 Feb 2023AU$2.5tAU$1.1tAU$135.9b16.5x18.1x2.2x
Sat, 21 Jan 2023AU$2.5tAU$1.1tAU$147.1b16x17x2.3x
Mon, 19 Dec 2022AU$2.4tAU$1.1tAU$149.7b14.5x16x2.2x
Wed, 16 Nov 2022AU$2.4tAU$1.1tAU$149.5b14.9x16.1x2.2x
Fri, 14 Oct 2022AU$2.2tAU$1.1tAU$151.8b14.3x14.8x2x
Sun, 11 Sep 2022AU$2.3tAU$1.1tAU$146.3b14.8x16x2.2x
Tue, 09 Aug 2022AU$2.4tAU$1.0tAU$132.4b15.3x17.9x2.3x
Thu, 07 Jul 2022AU$2.2tAU$1.1tAU$135.2b14.7x16.6x2.1x
Sat, 04 Jun 2022AU$2.5tAU$1.0tAU$132.1b16.3x18.8x2.4x
Mon, 02 May 2022AU$2.6tAU$1.0tAU$130.9b17.6x19.7x2.5x
Wed, 30 Mar 2022AU$2.6tAU$1.0tAU$128.7b17.7x20.4x2.5x
Fri, 25 Feb 2022AU$2.5tAU$1.0tAU$127.4b17.8x19.5x2.4x
Sun, 23 Jan 2022AU$2.6tAU$976.4bAU$104.1b18.6x24.6x2.6x
Tue, 21 Dec 2021AU$2.6tAU$976.6bAU$104.3b18.7x24.7x2.6x
Thu, 18 Nov 2021AU$2.6tAU$972.6bAU$100.9b19.3x25.7x2.7x
Sat, 16 Oct 2021AU$2.6tAU$956.5bAU$94.9b19.8x27.1x2.7x
Mon, 13 Sep 2021AU$2.6tAU$952.7bAU$97.1b18.6x26.6x2.7x
Wed, 11 Aug 2021AU$2.6tAU$949.7bAU$96.9b18.2x26.9x2.7x
Sun, 06 Jun 2021AU$2.4tAU$901.0bAU$70.4b18.4x34.6x2.7x
Wed, 10 Mar 2021AU$2.3tAU$877.2bAU$41.9b20.3x54.1x2.6x
Price to Earnings Ratio

54.1x


Total Market Cap: AU$2.3tTotal Earnings: AU$41.9bTotal Revenue: AU$877.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 22x202220232024
Current Market PE
  • Investors are relatively neutral on the Australian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 22.0x.
Past Earnings Growth
  • The earnings for Australian listed companies have grown 40% per year over the last three years.
  • Revenues for these companies have grown 10% 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 Market0.81%
Tech4.68%
Consumer Discretionary3.21%
Industrials3.17%
Financials1.44%
Telecom1.31%
Consumer Staples0.81%
Real Estate0.70%
Materials-0.54%
Utilities-0.58%
Healthcare-1.32%
Energy-2.43%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 59.2x.
    • Analysts expect its future annual earnings growth (17.3%) 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 Real Estate sector, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings decline of 51% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 5.1% 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
WBC Westpac BankingAU$25.897.3%
+AU$6.3b
13.2%PB1.2xFinancials
WES WesfarmersAU$63.828.3%
+AU$5.5b
29.7%PE28.9xConsumer Discretionary
WTC WiseTech GlobalAU$88.7518.3%
+AU$4.6b
52.5%PE138.4xTech
GMG Goodman GroupAU$28.677.8%
+AU$3.9b
45.5%PB3.1xReal Estate
NAB National Australia BankAU$33.613.4%
+AU$3.4b
11.8%PB1.7xFinancials
See more
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SHL

AU$29.10

Sonic Healthcare

7D

-9.5%

1Y

-11.0%

BHP

AU$44.47

BHP Group

7D

-3.2%

1Y

-8.0%

TLS

AU$3.89

Telstra Group

7D

-2.5%

1Y

-6.3%

MQG

AU$190.93

Macquarie Group

7D

2.7%

1Y

0.3%

PME

AU$92.99

Pro Medicus

7D

-14.0%

1Y

51.9%

S32

AU$2.85

South32

7D

-7.5%

1Y

-37.9%

CSL

AU$284.27

CSL

7D

1.5%

1Y

-3.9%

GMG

AU$28.67

Goodman Group

7D

7.8%

1Y

45.5%

ALU

AU$65.60

Altium

7D

28.0%

1Y

77.8%

WDS

AU$30.25

Woodside Energy Group

7D

-3.0%

1Y

-12.5%

NAB

AU$33.61

National Australia Bank

7D

3.4%

1Y

11.8%

WOW

AU$33.50

Woolworths Group

7D

-5.6%

1Y

-10.5%

FMG

AU$27.25

Fortescue

7D

-1.6%

1Y

19.0%