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Australian (ASX) Consumer Discretionary Sector Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies91
  • 7D-0.7%
  • 3M-15.9%
  • 1Y-18.1%
  • YTD-16.4%

In the last week, the Consumer Discretionary industry is flat overall, with Light & Wonder standing out by going down 11%. Unfortunately though, the industry is down 18% over the past 12 months. 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
Fri, 08 May 2026AU$181.4bAU$129.0bAU$6.3b17x28.6x1.4x
Sun, 05 Apr 2026AU$182.3bAU$129.0bAU$6.3b17.1x28.7x1.4x
Tue, 03 Mar 2026AU$201.1bAU$129.5bAU$6.2b18.6x32.5x1.6x
Thu, 29 Jan 2026AU$230.4bAU$131.1bAU$7.1b23.7x32.5x1.8x
Sat, 27 Dec 2025AU$229.8bAU$131.3bAU$7.1b23.8x32.3x1.8x
Mon, 24 Nov 2025AU$216.4bAU$126.4bAU$6.5b24.6x33.1x1.7x
Wed, 22 Oct 2025AU$241.4bAU$127.7bAU$6.6b26.1x36.7x1.9x
Fri, 19 Sep 2025AU$247.7bAU$128.4bAU$6.6b25.5x37.4x1.9x
Sun, 17 Aug 2025AU$242.1bAU$129.2bAU$3.9b26.9x62.5x1.9x
Tue, 15 Jul 2025AU$226.8bAU$129.5bAU$4.1b23.8x55.8x1.8x
Thu, 12 Jun 2025AU$228.5bAU$129.4bAU$4.1b20.9x55.7x1.8x
Sat, 10 May 2025AU$224.9bAU$129.4bAU$4.3b20.5x52.4x1.7x
Mon, 07 Apr 2025AU$203.2bAU$129.5bAU$4.6b20.1x44.2x1.6x
Wed, 05 Mar 2025AU$222.7bAU$129.6bAU$4.6b20.5x48x1.7x
Fri, 31 Jan 2025AU$228.3bAU$124.3bAU$4.0b19.7x56.7x1.8x
Sun, 29 Dec 2024AU$221.8bAU$127.0bAU$4.1b20.3x54.4x1.7x
Tue, 26 Nov 2024AU$216.9bAU$127.0bAU$4.1b19.7x53.3x1.7x
Thu, 24 Oct 2024AU$209.3bAU$127.0bAU$4.3b19.8x49.2x1.6x
Sat, 21 Sep 2024AU$214.9bAU$126.9bAU$4.8b19.9x44.7x1.7x
Mon, 19 Aug 2024AU$214.3bAU$124.9bAU$5.7b17.1x37.7x1.7x
Wed, 17 Jul 2024AU$203.4bAU$124.7bAU$5.8b16.1x35.3x1.6x
Fri, 14 Jun 2024AU$193.4bAU$124.4bAU$5.7b15.4x33.7x1.6x
Sun, 12 May 2024AU$190.1bAU$124.1bAU$5.7b16.6x33.5x1.5x
Tue, 09 Apr 2024AU$196.7bAU$124.1bAU$5.7b17.5x34.7x1.6x
Thu, 07 Mar 2024AU$197.8bAU$124.3bAU$5.7b17.8x35x1.6x
Sat, 03 Feb 2024AU$198.2bAU$126.2bAU$4.4b19.6x44.9x1.6x
Mon, 01 Jan 2024AU$193.5bAU$126.2bAU$4.4b18.2x43.8x1.5x
Wed, 29 Nov 2023AU$178.5bAU$126.2bAU$4.4b17.5x40.4x1.4x
Fri, 27 Oct 2023AU$174.3bAU$125.7bAU$4.0b18.2x43.7x1.4x
Sun, 24 Sep 2023AU$183.0bAU$125.7bAU$4.0b21.3x45.8x1.5x
Tue, 22 Aug 2023AU$181.2bAU$122.2bAU$4.9b14x36.7x1.5x
Thu, 20 Jul 2023AU$179.0bAU$122.0bAU$5.0b12.7x36x1.5x
Sat, 17 Jun 2023AU$174.5bAU$121.9bAU$5.0b12.1x34.9x1.4x
Mon, 15 May 2023AU$184.7bAU$121.4bAU$4.8b14.5x38.2x1.5x
Price to Earnings Ratio

38.2x


Total Market Cap: AU$184.7bTotal Earnings: AU$4.8bTotal Revenue: AU$121.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Consumer Discretionary Sector Price to Earnings3Y Average 41.8x202420252026
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 28.6x which is lower than its 3-year average PE of 41.8x.
  • 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 Market1.10%
Consumer Discretionary-0.67%
Auto22.73%
Hospitality0.51%
General Merchandise and Department Stores0.34%
Retail Distributors0.31%
Leisure0.18%
Online Retail and Ecommerce0%0
Luxury-0.79%
Specialty Stores-4.16%
Auto Components-5.03%
Consumer Services-5.87%
Consumer Durables-7.45%
Industry PE
  • Investors are most optimistic about the Auto Components industry which is trading above its 3-year average PE ratio of 52.5x.
    • Analysts are expecting annual earnings growth of 24.3%, 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 32% 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 5.5% 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
WES WesfarmersAU$73.691.1%
+AU$874.2m		-7.6%PE27.3x
FLT Flight Centre Travel GroupAU$10.896.9%
+AU$143.2m		-14.7%PE20.3x
WEB Web Travel GroupAU$2.867.9%
+AU$76.0m		-32.4%PE2070.1x
ALL Aristocrat LeisureAU$47.390.2%
+AU$66.3m		-30.3%PE24.1x
MYR Myer HoldingsAU$0.289.6%
+AU$43.3m		-61.5%PS0.1x

Latest News

JBH
AU$74.47
JB Hi-Fi
7D
-3.3%
1Y
-28.0%
SUL
AU$11.32
Super Retail Group
7D
-4.3%
1Y
-16.1%
FLT
AU$10.89
Flight Centre Travel Group
7D
6.9%
1Y
-14.7%
WES
AU$73.69
Wesfarmers
7D
1.1%
1Y
-7.6%
TPW
AU$5.99
Temple & Webster Group
7D
6.2%
1Y
-67.5%
LOV
AU$23.20
Lovisa Holdings
7D
-1.9%
1Y
-9.7%
Narrative Update • May 02

LOV: Future Dividend Stream And Stable P/E Will Shape Balanced Return Outlook

Analysts have maintained their A$24.00 price target for Lovisa Holdings. Slight adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions support a consistent overall valuation view.
IEL
AU$2.88
IDP Education
7D
-12.5%
1Y
-69.9%
Narrative Update • Apr 29

IEL: Student Volume Recovery And 2026 Distribution Will Support Re Rating

The Street price target for IDP Education has been reset to A$4.90, with analysts citing uncertainty in student volumes and a slightly higher implied discount rate and forward P/E as key factors behind the updated view. Analyst Commentary Recent Street research on IDP Education reflects a mixed stance, with the A$4.90 price target anchoring views around both execution risk and potential upside if student flows stabilise.
TAH
AU$0.88
Tabcorp Holdings
7D
-21.8%
1Y
32.3%
Narrative Update • Apr 27

TAH: Future Returns Will Rely On Execution And Higher Interim Dividend

Analysts have kept the price target for Tabcorp Holdings steady around A$1.12, citing only marginal model adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions that do not materially change their valuation view. What's in the News Announced an interim unfranked dividend of A$0.015 per share for the first half ended 31 December 2025, compared with the prior corresponding period interim unfranked dividend of A$0.01 per share (Key Developments).
ALL
AU$47.39
Aristocrat Leisure
7D
0.2%
1Y
-30.3%
Narrative Update • Apr 26

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

Aristocrat Leisure's analyst price target has been revised slightly lower to A$63.97 from A$66.40 as analysts incorporate more conservative assumptions for revenue growth and profit margins, as well as a minor adjustment to the discount rate and future P/E expectations. Analyst Commentary Recent research on Aristocrat Leisure focuses on how the revised A$63.97 price target aligns with execution risks and growth expectations, especially after the stock was removed as a top sector pick by Morgan Stanley.
BRG
AU$27.80
Breville Group
7D
-7.1%
1Y
-4.3%
Narrative Update • Apr 23

BRG: Upcoming Dividend Timeline Will Support Stronger Future Upside Potential

Analysts have nudged their price target for Breville Group slightly lower to A$36.07 from A$36.29, citing small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. 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 the upcoming cash return.
LNW
AU$102.66
Light & Wonder
7D
-10.9%
1Y
-22.9%
WEB
AU$2.86
Web Travel Group
7D
7.9%
1Y
-32.4%
Narrative Update • Apr 22

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

Analysts have modestly adjusted their price targets for Web Travel Group, reflecting fine tuned assumptions around the discount rate, revenue growth, profit margins and future P/E. Taken together, these factors point to a slightly different view of the stock's valuation in A$ terms.
AGI
AU$1.20
Ainsworth Game Technology
7D
9.1%
1Y
23.7%
MYR
AU$0.28
Myer Holdings
7D
9.6%
1Y
-61.5%
SNL
AU$32.42
Supply Network
7D
2.3%
1Y
-18.9%
TLC
AU$5.35
Lottery
7D
-3.1%
1Y
0.6%