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Australian (ASX) Consumer Discretionary Sector Analysis

UpdatedSep 20, 2026
DataAggregated Company Financials
Companies93
  • 7D0.2%
  • 3M-8.2%
  • 1Y-24.3%
  • YTD-13.8%

The Consumer Discretionary industry has been flat over the last week, but Light & Wonder has lost 8.0%. As for the longer term, the industry has declined 24% in the last year. 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, 20 Sep 2026AU$187.6bAU$132.3bAU$5.9b16.4x31.7x1.4x
Tue, 18 Aug 2026AU$207.9bAU$129.2bAU$6.9b16.2x30.2x1.6x
Thu, 16 Jul 2026AU$211.9bAU$129.0bAU$6.7b17x31.6x1.6x
Sat, 13 Jun 2026AU$202.1bAU$129.0bAU$6.7b17.2x30.3x1.6x
Mon, 11 May 2026AU$180.3bAU$129.0bAU$6.3b17.2x28.4x1.4x
Wed, 08 Apr 2026AU$184.8bAU$129.0bAU$6.3b17.1x29.1x1.4x
Fri, 06 Mar 2026AU$190.3bAU$129.1bAU$6.3b17.6x30x1.5x
Sun, 01 Feb 2026AU$227.8bAU$131.1bAU$7.1b23.7x32.1x1.7x
Tue, 30 Dec 2025AU$228.9bAU$131.3bAU$7.1b23.7x32.1x1.7x
Thu, 27 Nov 2025AU$231.5bAU$131.2bAU$7.1b24.6x32.4x1.8x
Sat, 25 Oct 2025AU$242.3bAU$127.7bAU$6.6b25.8x36.9x1.9x
Mon, 22 Sep 2025AU$249.2bAU$128.4bAU$6.6b25.8x37.7x1.9x
Wed, 20 Aug 2025AU$243.1bAU$128.9bAU$3.9b26.8x62.9x1.9x
Fri, 18 Jul 2025AU$228.7bAU$129.5bAU$4.1b24.2x56.3x1.8x
Sun, 15 Jun 2025AU$225.5bAU$129.4bAU$4.1b20.7x54.9x1.7x
Tue, 13 May 2025AU$224.6bAU$129.4bAU$4.3b21.2x52.4x1.7x
Thu, 10 Apr 2025AU$199.2bAU$129.5bAU$4.6b19.1x43.4x1.5x
Sat, 08 Mar 2025AU$214.5bAU$129.6bAU$4.6b20.1x46.2x1.7x
Mon, 03 Feb 2025AU$231.4bAU$124.3bAU$4.0b20x57.5x1.9x
Wed, 01 Jan 2025AU$218.4bAU$127.0bAU$4.1b20.1x53.6x1.7x
Fri, 29 Nov 2024AU$219.3bAU$127.0bAU$4.1b21.3x53.8x1.7x
Sun, 27 Oct 2024AU$206.3bAU$127.0bAU$4.3b19.5x48.5x1.6x
Tue, 24 Sep 2024AU$214.9bAU$126.9bAU$4.8b19.9x44.7x1.7x
Thu, 22 Aug 2024AU$213.7bAU$125.3bAU$5.6b18.3x38.2x1.7x
Sat, 20 Jul 2024AU$204.9bAU$124.8bAU$5.8b16.7x35.5x1.6x
Mon, 17 Jun 2024AU$193.7bAU$124.4bAU$5.7b15.2x33.7x1.6x
Wed, 15 May 2024AU$192.2bAU$124.1bAU$5.7b16.7x33.9x1.5x
Fri, 12 Apr 2024AU$196.9bAU$124.2bAU$5.7b17.2x34.7x1.6x
Sun, 10 Mar 2024AU$201.0bAU$124.3bAU$5.7b17.8x35.5x1.6x
Tue, 06 Feb 2024AU$184.9bAU$122.2bAU$5.0b19.6x37.1x1.5x
Thu, 04 Jan 2024AU$191.6bAU$126.2bAU$4.4b18.5x43.4x1.5x
Sat, 02 Dec 2023AU$180.6bAU$126.2bAU$4.4b17.7x40.9x1.4x
Mon, 30 Oct 2023AU$174.2bAU$125.7bAU$4.0b18.6x43.7x1.4x
Wed, 27 Sep 2023AU$183.4bAU$125.7bAU$4.0b21.5x45.9x1.5x
Price to Earnings Ratio

45.9x


Total Market Cap: AU$183.4bTotal Earnings: AU$4.0bTotal Revenue: AU$125.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Consumer Discretionary Sector Price to Earnings3Y Average 40.9x202420252026
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 31.7x which is lower than its 3-year average PE of 40.9x.
  • 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 14% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

AU Market0.003%
Consumer Discretionary0.18%
Hospitality0.62%
Specialty Stores0.27%
General Merchandise and Department Stores0.19%
Retail Distributors0.15%
Leisure0%0
Online Retail and Ecommerce0%0
Consumer Services-0.54%
Consumer Durables-2.81%
Auto Components-3.24%
Auto-6.25%
Luxury-8.79%
Industry PE
  • Investors are most optimistic about the Hospitality industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 14.1%, which is lower than the prior year's growth of 33.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Retail Distributors industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings growth rate of 19% per year.
  • In contrast, the General Merchandise and Department Stores industry is expected to see its earnings grow by 6.7% 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$60.771.5%
+AU$526.5m		-11.4%PE24.7x
WES WesfarmersAU$73.030.3%
+AU$238.4m		-21.5%PE28.8x
LOV Lovisa HoldingsAU$22.624.6%
+AU$109.6m		-42.0%PE26.2x
SGR Star Entertainment GroupAU$0.156.9%
+AU$66.4m		55.0%PS0.8x
JBH JB Hi-FiAU$65.220.5%
+AU$37.2m		-45.2%PE14.6x

Latest News

PWH
AU$10.09
PWR Holdings
7D
-5.4%
1Y
24.3%
LNW
AU$113.00
Light & Wonder
7D
-8.0%
1Y
-15.6%
Narrative Update • Sep 18

LNW: Completed Buybacks Will Support Earnings Power Despite Lower Fair Value

Analysts have lowered their Light & Wonder price target by A$5.35, reflecting adjustments for revenue growth and fair value inputs, alongside slightly higher profit margin assumptions and a reduced future P/E multiple. What’s in the News for Light & Wonder Light & Wonder completed a share buyback tranche between April 1, 2026 and June 30, 2026, repurchasing 1,600,000 shares for US$134 million.
CTD
AU$2.66
Corporate Travel Management
7D
8.1%
1Y
n/a
Narrative Update • Sep 17

CTD: Going Concern Warnings Will Pressure Liquidity And Future P/E Multiple

Analysts have revised their price target for Corporate Travel Management to A$2.35 from A$5.00, citing updated assumptions for revenue growth, profit margins, discount rate, and future P/E multiples as key drivers of the change. What's in the News Corporate Travel Management filed its Annual report on Sep 01, 2026 for the period ending Jun 30, 2026.
TPW
AU$4.23
Temple & Webster Group
7D
-6.8%
1Y
-82.7%
Narrative Update • Sep 17

TPW: Reduced Market Expectations Will Set Up Future Share Rebound

Analysts have reduced their price target on Temple & Webster Group to A$5.71 from A$7.33, reflecting updated assumptions for the discount rate, revenue growth, profit margins, and future P/E multiples. What’s in the News for Temple & Webster Group No recent company specific news for Temple & Webster Group is available from the provided sources as of 17 Sep 2026.
JBH
AU$65.22
JB Hi-Fi
7D
0.5%
1Y
-45.2%
Narrative Update • Sep 17

JBH: Dividend Visibility Will Offset Slightly Softer Margins Over Time

Analysts have trimmed their JB Hi-Fi price target by A$2.58 to A$76.90, citing slightly higher discount rate assumptions, more cautious revenue growth expectations, and a marginally lower profit margin and future P/E outlook. What's in the News JB Hi-Fi announced an estimated ordinary fully franked dividend of A$1.27 per share for the six months ended 30 June 2026.
BRG
AU$29.73
Breville Group
7D
-2.9%
1Y
-8.7%
KGN
AU$3.34
Kogan.com
7D
5.4%
1Y
-8.5%
FLT
AU$10.49
Flight Centre Travel Group
7D
-3.8%
1Y
-13.2%
APE
AU$19.52
Eagers Automotive
7D
-1.1%
1Y
-31.0%
ALL
AU$60.77
Aristocrat Leisure
7D
1.5%
1Y
-11.4%
NCK
AU$14.07
Nick Scali
7D
1.6%
1Y
-41.7%
SGR
AU$0.15
Star Entertainment Group
7D
6.9%
1Y
55.0%
HVN
AU$4.10
Harvey Norman Holdings
7D
-1.7%
1Y
-44.1%
JIN
AU$5.64
Jumbo Interactive
7D
-13.9%
1Y
-48.9%
LOV
AU$22.62
Lovisa Holdings
7D
4.6%
1Y
-42.0%
WES
AU$73.03
Wesfarmers
7D
0.3%
1Y
-21.5%