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Australian (ASX) Consumer Discretionary Sector Analysis

UpdatedApr 19, 2026
DataAggregated Company Financials
Companies91
  • 7D-1.5%
  • 3M-15.2%
  • 1Y-10.2%
  • YTD-14.1%

Over the last 7 days, the Consumer Discretionary industry has dropped 1.5%, driven by Wesfarmers declining 4.5%. The industry has fallen 10% in the last year. Looking forward, earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

Has the Australian Consumer Discretionary Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 Apr 2026AU$186.4bAU$129.0bAU$6.3b17.2x29.4x1.4x
Tue, 17 Mar 2026AU$187.7bAU$129.1bAU$6.3b16.8x29.6x1.5x
Thu, 12 Feb 2026AU$231.8bAU$131.0bAU$7.1b21.8x32.6x1.8x
Sat, 10 Jan 2026AU$228.4bAU$131.3bAU$7.1b24.9x32x1.7x
Mon, 08 Dec 2025AU$229.4bAU$131.3bAU$7.1b24.8x32.2x1.7x
Wed, 05 Nov 2025AU$230.0bAU$127.7bAU$6.6b26x35x1.8x
Fri, 03 Oct 2025AU$245.8bAU$127.7bAU$6.5b24.9x37.7x1.9x
Sun, 31 Aug 2025AU$251.6bAU$131.1bAU$6.6b27x38x1.9x
Tue, 29 Jul 2025AU$228.7bAU$128.6bAU$4.1b24.2x56.4x1.8x
Thu, 26 Jun 2025AU$224.9bAU$129.5bAU$4.1b22.3x55.4x1.7x
Sat, 24 May 2025AU$223.4bAU$129.6bAU$4.1b22.5x53.9x1.7x
Mon, 21 Apr 2025AU$210.1bAU$129.4bAU$4.3b20.2x49.1x1.6x
Wed, 19 Mar 2025AU$207.4bAU$129.5bAU$4.6b20.1x44.7x1.6x
Fri, 14 Feb 2025AU$232.8bAU$127.7bAU$4.1b19.9x57.1x1.8x
Sun, 12 Jan 2025AU$220.9bAU$127.0bAU$4.1b20.3x54.3x1.7x
Tue, 10 Dec 2024AU$224.8bAU$127.0bAU$4.1b21.6x55.2x1.8x
Thu, 07 Nov 2024AU$208.8bAU$127.0bAU$4.3b20.4x49.1x1.6x
Sat, 05 Oct 2024AU$210.1bAU$127.0bAU$4.3b19.4x49.4x1.7x
Mon, 02 Sep 2024AU$211.9bAU$127.2bAU$4.8b20x44.2x1.7x
Wed, 31 Jul 2024AU$207.8bAU$124.8bAU$5.8b16.9x36x1.7x
Fri, 28 Jun 2024AU$195.6bAU$124.4bAU$5.8b16x33.9x1.6x
Sun, 26 May 2024AU$186.8bAU$124.4bAU$5.7b15.6x32.6x1.5x
Tue, 23 Apr 2024AU$188.8bAU$124.2bAU$5.7b16.9x33.3x1.5x
Thu, 21 Mar 2024AU$198.6bAU$124.2bAU$5.6b17.6x35.2x1.6x
Sat, 17 Feb 2024AU$193.8bAU$122.4bAU$5.0b19.3x38.8x1.6x
Mon, 15 Jan 2024AU$193.0bAU$126.2bAU$4.4b18x43.7x1.5x
Wed, 13 Dec 2023AU$184.9bAU$126.2bAU$4.4b18.1x41.9x1.5x
Fri, 10 Nov 2023AU$182.6bAU$125.7bAU$4.0b18.9x45.8x1.5x
Sun, 08 Oct 2023AU$179.2bAU$125.7bAU$4.0b21.1x44.9x1.4x
Tue, 05 Sep 2023AU$190.0bAU$125.7bAU$4.0b20.4x47.2x1.5x
Thu, 03 Aug 2023AU$182.0bAU$122.0bAU$5.0b12.9x36.6x1.5x
Sat, 01 Jul 2023AU$175.1bAU$122.0bAU$5.0b12.3x35.2x1.4x
Mon, 29 May 2023AU$176.6bAU$121.9bAU$5.0b13.2x35.2x1.4x
Wed, 26 Apr 2023AU$185.4bAU$121.4bAU$4.8b14.9x38.3x1.5x
Price to Earnings Ratio

38.3x


Total Market Cap: AU$185.4bTotal Earnings: AU$4.8bTotal Revenue: AU$121.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Consumer Discretionary Sector Price to Earnings3Y Average 41.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Consumer Discretionary industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 29.4x which is lower than its 3-year average PE of 41.9x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have grown 9.5% per year over the last three years.
  • Revenues for these companies have grown 2.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Consumer Discretionary sector?

AU Market0.26%
Consumer Discretionary-1.51%
Auto15.38%
Hospitality2.32%
Consumer Durables1.88%
Luxury0.24%
Auto Components0.17%
Specialty Stores0.034%
Online Retail and Ecommerce0%0
Consumer Services-2.97%
Retail Distributors-3.09%
Leisure-3.58%
General Merchandise and Department Stores-4.42%
Industry PE
  • Investors are most optimistic about the Auto Components industry which is trading above its 3-year average PE ratio of 51.2x.
    • Analysts are expecting annual earnings growth of 23.8%, which is higher than its past year's earnings decline of 13.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Services industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 0.9% per year.
  • In contrast, the General Merchandise and Department Stores industry is expected to see its earnings grow by 5.6% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
ALL Aristocrat LeisureAU$49.083.4%
+AU$976.7m		-21.4%PE25.1x
TLC LotteryAU$5.631.3%
+AU$155.7m		10.6%PE34.5x
JBH JB Hi-FiAU$76.071.1%
+AU$94.0m		-22.7%PE17.2x
BRG Breville GroupAU$28.791.9%
+AU$78.2m		5.8%PE30.5x
WEB Web Travel GroupAU$2.907.8%
+AU$76.0m		-30.8%PE2099.1x

Latest News

JBH
AU$76.07
JB Hi-Fi
7D
1.1%
1Y
-22.7%

JBH: Interim Dividend Timetable Will Support Future Returns Outlook

Analysts have trimmed their price target for JB Hi-Fi to A$116.20 from A$118.18, reflecting updated assumptions that include a slightly higher discount rate, a modestly lower revenue growth outlook, a small uplift in profit margin and a marginally lower future P/E multiple. What's in the News JB Hi-Fi's board declared an estimated fully franked interim dividend of A$2.10 per share for the six months ended 31 December 2025, signaling a planned cash return to shareholders for that period (Key Developments).
LNW
AU$121.50
Light & Wonder
7D
-3.2%
1Y
-3.3%
IEL
AU$3.78
IDP Education
7D
-5.3%
1Y
-55.5%

IEL: Student Volume Recovery And 2026 Distribution Will Rebuild Market Confidence

Analysts have kept their fair value assumptions steady. Reflecting a slightly lower discount rate and tweaked forward P/E inputs alongside mixed recent research views, they have modestly adjusted their IDP Education price target from A$4.90 to A$4.90, maintaining a neutral tone on near term student volume uncertainty.
PMV
AU$12.76
Premier Investments
7D
-1.8%
1Y
-36.1%
APE
AU$23.65
Eagers Automotive
7D
0.9%
1Y
32.9%

APE: Higher Future P/E And Margins Will Support Stronger Long Term Position

Analysts have trimmed their price target on Eagers Automotive from about A$29.69 to A$28.13, reflecting slightly lower revenue growth assumptions, a modestly higher expected profit margin, and a higher future P/E multiple in their updated model. Valuation Changes Fair Value: Trimmed from A$29.69 to A$28.13, a small reduction in the modelled estimate.
TAH
AU$1.01
Tabcorp Holdings
7D
2.6%
1Y
79.5%

TAH: Future Returns Will Depend On Execution And Dividend Delivery After Downgrade

Analysts have trimmed their 12 month price target on Tabcorp Holdings to A$1.12. The shift reflects a slightly higher discount rate and a modestly adjusted future P/E assumption following recent research updates, including a downgrade at a major broker.
ALL
AU$49.08
Aristocrat Leisure
7D
3.4%
1Y
-21.4%

ALL: Refined P/E Framework And Execution Discipline Will Support Future Earnings Resilience

Analysts have adjusted their price target on Aristocrat Leisure by refining assumptions, such as a slightly higher discount rate and updated future P/E expectations. This has resulted in a new target of A$66.40.
FLT
AU$11.82
Flight Centre Travel Group
7D
3.7%
1Y
-3.4%
BRG
AU$28.79
Breville Group
7D
1.9%
1Y
5.8%

BRG: Upcoming Dividend Timeline Will Support Future Upside Potential

Analysts have slightly trimmed their price target for Breville Group, moving it from A$36.54 to A$36.29, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Breville Group declared a dividend of A$0.19 per share for the six-month period ending December 31, 2025, giving investors clarity on upcoming cash returns (Key Developments).
WEB
AU$2.90
Web Travel Group
7D
7.8%
1Y
-30.8%

WEB: Stable Fair Value And CFO Continuity Will Support Future Earnings Confidence

Analysts have reaffirmed their price target on Web Travel Group at A$7.40, consistent with their previous A$7.40 view, following updates to their assumptions for discount rate, revenue growth, profit margin and future P/E that together result in an unchanged overall valuation. What's in the News Tony Ristevski has withdrawn his resignation and will continue as Chief Financial Officer of Web Travel Group Limited, which will maintain continuity in the finance leadership team (Key Developments).
TPW
AU$6.66
Temple & Webster Group
7D
-9.5%
1Y
-60.3%

TPW: Higher Margin Confidence Will Support Premium Multiple Over Time

Analysts have raised their A$ price target on Temple & Webster Group to A$21.23, reflecting slightly higher assumptions for revenue growth, profit margins, a modest adjustment to the discount rate, and a refined forward P/E of about 64x. Analyst Commentary Recent research points to a more constructive stance on Temple & Webster Group, with bullish analysts refining their assumptions on growth, profitability, and risk to support higher valuation levels.
WES
AU$72.85
Wesfarmers
7D
-4.5%
1Y
-2.2%

WES: Neutral Stance And Execution Risks Will Restrain Future P/E Upside

The analyst price target for Wesfarmers has been trimmed by about A$1 to reflect a slightly lower fair value and P/E multiple, with analysts pointing to updated models and recent neutral views in the wider market as key drivers of the change. Analyst Commentary Recent Street views on Wesfarmers sit on the cautious side, with the trimmed price target and lower implied P/E multiple fitting into a broader pattern of restraint from Bearish analysts.
HVN
AU$4.57
Harvey Norman Holdings
7D
-2.8%
1Y
-9.1%
NCK
AU$15.63
Nick Scali
7D
-3.5%
1Y
-8.5%
SNL
AU$32.37
Supply Network
7D
-3.4%
1Y
-14.8%
TLC
AU$5.63
Lottery
7D
1.3%
1Y
10.6%