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Australian (ASX) General Merchandise and Department Stores Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies4
  • 7D0.4%
  • 3M-6.7%
  • 1Y19.4%
  • YTD16.5%

The General Merchandise and Department Stores industry has been flat over the last week, but Articore Group has lost 12%. As for the the longer term, the industry is up 22% over the past 12 months. Looking forward, earnings are forecast to grow by 5.8% annually.

Industry Valuation and Performance

Has the Australian General Merchandise and Department Stores Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 14 Nov 2025AU$101.4bAU$49.5bAU$3.4b24.6x29.9x2x
Sun, 12 Oct 2025AU$110.8bAU$49.5bAU$3.4b26.3x32.7x2.2x
Tue, 09 Sep 2025AU$115.0bAU$52.2bAU$3.4b35.6x33.7x2.2x
Thu, 07 Aug 2025AU$109.9bAU$51.4bAU$3.0b42.9x36.1x2.1x
Sat, 05 Jul 2025AU$104.3bAU$52.3bAU$3.0b42x34.2x2x
Mon, 02 Jun 2025AU$102.6bAU$52.3bAU$3.0b40.1x33.7x2x
Wed, 30 Apr 2025AU$96.0bAU$52.3bAU$3.0b39.3x31.5x1.8x
Fri, 28 Mar 2025AU$90.0bAU$52.3bAU$3.0b39.9x29.5x1.7x
Sun, 23 Feb 2025AU$94.7bAU$52.3bAU$3.0b32.2x31.7x1.8x
Tue, 21 Jan 2025AU$88.7bAU$51.4bAU$2.9b23.3x30.1x1.7x
Thu, 19 Dec 2024AU$92.1bAU$51.4bAU$2.9b23.1x31.2x1.8x
Sat, 16 Nov 2024AU$87.0bAU$51.4bAU$2.9b23.3x29.5x1.7x
Mon, 14 Oct 2024AU$86.6bAU$51.4bAU$2.9b25.5x29.4x1.7x
Wed, 11 Sep 2024AU$85.5bAU$51.5bAU$3.0b25.2x29x1.7x
Fri, 09 Aug 2024AU$88.0bAU$51.0bAU$2.9b15.1x30.1x1.7x
Sun, 07 Jul 2024AU$80.8bAU$51.0bAU$2.9b14.2x27.6x1.6x
Tue, 04 Jun 2024AU$81.0bAU$51.0bAU$2.9b14.9x27.7x1.6x
Thu, 02 May 2024AU$81.9bAU$51.0bAU$2.9b18.8x28x1.6x
Sat, 30 Mar 2024AU$85.8bAU$51.0bAU$2.9b20.3x29.4x1.7x
Mon, 26 Feb 2024AU$81.2bAU$51.1bAU$3.0b16.3x26.8x1.6x
Wed, 24 Jan 2024AU$72.6bAU$51.0bAU$3.0b15.1x24.3x1.4x
Fri, 22 Dec 2023AU$70.0bAU$51.0bAU$3.0b14.8x23.4x1.4x
Sun, 19 Nov 2023AU$66.1bAU$51.0bAU$3.0b14.4x22.1x1.3x
Tue, 17 Oct 2023AU$66.1bAU$51.0bAU$3.0b15x22.1x1.3x
Thu, 14 Sep 2023AU$66.7bAU$51.0bAU$3.0b15.5x22.1x1.3x
Sat, 12 Aug 2023AU$64.1bAU$49.2bAU$3.3b14.7x19.7x1.3x
Mon, 10 Jul 2023AU$59.1bAU$49.2bAU$3.3b13x18.1x1.2x
Wed, 07 Jun 2023AU$59.6bAU$49.2bAU$3.3b13x18.3x1.2x
Fri, 05 May 2023AU$64.4bAU$49.2bAU$3.3b13.8x19.8x1.3x
Sun, 02 Apr 2023AU$62.9bAU$49.2bAU$3.3b13.4x19.3x1.3x
Tue, 28 Feb 2023AU$61.1bAU$47.8bAU$3.4b16.1x18x1.3x
Thu, 26 Jan 2023AU$62.3bAU$42.9bAU$3.2b17.7x19.3x1.5x
Sat, 24 Dec 2022AU$58.1bAU$42.9bAU$3.2b15.2x18x1.4x
Mon, 21 Nov 2022AU$59.8bAU$42.9bAU$3.2b17x18.6x1.4x
Price to Earnings Ratio

18.6x


Total Market Cap: AU$59.8bTotal Earnings: AU$3.2bTotal Revenue: AU$42.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian General Merchandise and Department Stores Industry Price to Earnings3Y Average 26.4x202320242025
Current Industry PE
  • Investors are optimistic on the Australian Multiline Retail industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 29.9x which is higher than its 3-year average PE of 26.4x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Multiline Retail industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 4.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

AU Market-0.78%
Consumer Discretionary-1.22%
General Merchandise and Department Stores0.36%
Broadline Retail0.36%
Department Stores0%0
General Merchandise Stores0%0
Industry PE
  • Investors are most optimistic about the Broadline Retail industry which is trading above its 3-year average PE ratio of 27.5x.
    • Analysts are expecting annual earnings growth of 5.8%, which is lower than the prior year's growth of 30.7% per year.
  • Investors are most pessimistic about the Broadline Retail industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 27.5x.
Forecasted Growth
  • Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 5.8% over the next 5 years.
  • However this is lower than its past earnings growth rate of 31% per year.
  • In contrast, the Broadline Retail industry is expected to see its earnings grow by 5.8% 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$81.490.4%
+AU$374.6m
16.7%PE31.6x
MYR Myer HoldingsAU$0.402.6%
+AU$17.3m
n/aPS0.2x
KGN Kogan.comAU$3.092.0%
+AU$6.0m
-36.7%PS0.6x

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