Narrative Update • Jul 30
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Australian (ASX) Consumer Discretionary Sector Analysis
UpdatedAug 05, 2026
DataAggregated Company Financials
Companies93
- 7D2.5%
- 3M20.6%
- 1Y-6.1%
- YTD0.8%
The Consumer Discretionary industry is up 2.5% in the last week, with Wesfarmers up 0.7%. However, the industry is down 6.1% over the past year. Earnings are forecast to grow by 9.7% annually.
Sector Valuation and Performance
Has the Australian Consumer Discretionary Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 06 Aug 2026 | AU$218.3b | AU$129.0b | AU$6.7b | 17.9x | 32.5x | 1.7x |
| Sat, 04 Jul 2026 | AU$208.8b | AU$129.0b | AU$6.7b | 17.3x | 31.1x | 1.6x |
| Mon, 01 Jun 2026 | AU$190.5b | AU$128.9b | AU$6.7b | 17x | 28.4x | 1.5x |
| Wed, 29 Apr 2026 | AU$182.1b | AU$129.0b | AU$6.3b | 17.9x | 28.7x | 1.4x |
| Fri, 27 Mar 2026 | AU$184.2b | AU$129.0b | AU$6.3b | 17x | 29x | 1.4x |
| Sun, 22 Feb 2026 | AU$219.3b | AU$133.7b | AU$7.3b | 19.6x | 30x | 1.6x |
| Tue, 20 Jan 2026 | AU$232.7b | AU$131.3b | AU$7.1b | 24.9x | 32.7x | 1.8x |
| Thu, 18 Dec 2025 | AU$225.0b | AU$131.4b | AU$7.1b | 22.9x | 31.5x | 1.7x |
| Sat, 15 Nov 2025 | AU$222.3b | AU$127.1b | AU$6.6b | 26.1x | 33.7x | 1.7x |
| Mon, 13 Oct 2025 | AU$243.4b | AU$127.7b | AU$6.6b | 25.3x | 37x | 1.9x |
| Wed, 10 Sep 2025 | AU$249.1b | AU$131.0b | AU$6.6b | 25.9x | 37.5x | 1.9x |
| Fri, 08 Aug 2025 | AU$241.2b | AU$128.6b | AU$4.1b | 24.3x | 59.5x | 1.9x |
| Sun, 06 Jul 2025 | AU$230.1b | AU$129.5b | AU$4.1b | 23x | 56.6x | 1.8x |
| Tue, 03 Jun 2025 | AU$223.8b | AU$129.4b | AU$4.1b | 21.8x | 54.5x | 1.7x |
| Thu, 01 May 2025 | AU$220.3b | AU$129.4b | AU$4.3b | 20.8x | 51.4x | 1.7x |
| Sat, 29 Mar 2025 | AU$211.5b | AU$129.5b | AU$4.6b | 21.1x | 46x | 1.6x |
| Mon, 24 Feb 2025 | AU$227.6b | AU$128.7b | AU$4.7b | 19.9x | 48.6x | 1.8x |
| Wed, 22 Jan 2025 | AU$221.1b | AU$127.0b | AU$4.1b | 19.5x | 54.4x | 1.7x |
| Fri, 20 Dec 2024 | AU$219.8b | AU$127.0b | AU$4.1b | 20.2x | 54x | 1.7x |
| Sun, 17 Nov 2024 | AU$215.7b | AU$127.1b | AU$4.0b | 20.2x | 53.3x | 1.7x |
| Tue, 15 Oct 2024 | AU$214.0b | AU$127.0b | AU$4.3b | 19.4x | 50.3x | 1.7x |
| Thu, 12 Sep 2024 | AU$208.4b | AU$127.2b | AU$4.8b | 19.4x | 43.5x | 1.6x |
| Sat, 10 Aug 2024 | AU$203.3b | AU$124.8b | AU$5.8b | 16.6x | 35.3x | 1.6x |
| Mon, 08 Jul 2024 | AU$195.5b | AU$124.7b | AU$5.8b | 15.8x | 33.9x | 1.6x |
| Wed, 05 Jun 2024 | AU$188.0b | AU$124.4b | AU$5.7b | 14.9x | 32.7x | 1.5x |
| Fri, 03 May 2024 | AU$187.9b | AU$124.2b | AU$5.7b | 16.7x | 33.1x | 1.5x |
| Sun, 31 Mar 2024 | AU$202.6b | AU$124.2b | AU$5.7b | 17.3x | 35.7x | 1.6x |
| Tue, 27 Feb 2024 | AU$198.2b | AU$124.1b | AU$4.3b | 20.2x | 45.6x | 1.6x |
| Thu, 25 Jan 2024 | AU$195.8b | AU$126.2b | AU$4.4b | 19.5x | 44.3x | 1.6x |
| Sat, 23 Dec 2023 | AU$190.7b | AU$126.2b | AU$4.4b | 18.2x | 43.2x | 1.5x |
| Mon, 20 Nov 2023 | AU$182.2b | AU$126.1b | AU$4.4b | 17.7x | 41.8x | 1.4x |
| Wed, 18 Oct 2023 | AU$182.1b | AU$125.7b | AU$4.0b | 21.1x | 45.7x | 1.4x |
| Fri, 15 Sep 2023 | AU$184.8b | AU$125.7b | AU$4.0b | 21.6x | 46.2x | 1.5x |
| Sun, 13 Aug 2023 | AU$186.0b | AU$122.1b | AU$5.0b | 14x | 37.3x | 1.5x |
Price to Earnings Ratio
37.3x
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 32.5x which is lower than its 3-year average PE of 41.3x.
- The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Consumer Discretionary industry have grown 10% 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 Market | 2.02% | |
| Consumer Discretionary | 2.47% | |
| Consumer Services | 6.57% | |
| Consumer Durables | 6.38% | |
| Specialty Stores | 4.72% | |
| Retail Distributors | 4.40% | |
| Auto Components | 4.16% | |
| Luxury | 2.54% | |
| General Merchandise and Department Stores | 2.03% | |
| Hospitality | 1.67% | |
| Auto | 0% | 0 |
| Online Retail and Ecommerce | 0% | 0 |
| Leisure | -0.24% | |
Industry PE
- Investors are most optimistic about the Auto Components industry which is trading above its 3-year average PE ratio of 58.9x.
- Analysts are expecting annual earnings growth of 20.6%, 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 28% 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 6.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WES Wesfarmers | AU$91.28 | 0.7% +AU$760.6m | 2.7% | PE33.8x | |
| ALL Aristocrat Leisure | AU$66.22 | 0.6% +AU$245.3m | -5.8% | PE26.9x | |
| BRG Breville Group | AU$34.23 | 4.4% +AU$208.6m | 3.8% | PE36.3x | |
| LOV Lovisa Holdings | AU$26.19 | 6.3% +AU$171.6m | -24.7% | PE33x | |
| DMP Domino's Pizza Enterprises | AU$19.29 | 7.4% +AU$126.0m | 2.4% | PE30.8x |
