Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) General Merchandise and Department Stores Industry Analysis

UpdatedAug 11, 2026
DataAggregated Company Financials
Companies4
  • 7D-1.1%
  • 3M24.8%
  • 1Y-0.008%
  • YTD6.3%

Over the last 7 days, the General Merchandise and Department Stores industry has dropped 1.1%, driven by Wesfarmers declining 1.7%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 6.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Aug 2026AU$108.4bAU$50.4bAU$3.6b24.8x30.2x2.1x
Thu, 09 Jul 2026AU$108.8bAU$50.4bAU$3.6b22.7x30.4x2.2x
Sat, 06 Jun 2026AU$95.6bAU$50.4bAU$3.6b21.9x26.7x1.9x
Mon, 04 May 2026AU$89.4bAU$50.4bAU$3.6b23x24.9x1.8x
Wed, 01 Apr 2026AU$89.3bAU$50.4bAU$3.6b27x24.9x1.8x
Fri, 27 Feb 2026AU$99.3bAU$50.3bAU$3.5b29.7x28x2x
Sun, 25 Jan 2026AU$102.7bAU$49.5bAU$3.4b24x30.3x2.1x
Tue, 23 Dec 2025AU$101.1bAU$49.5bAU$3.4b24.2x29.8x2x
Thu, 20 Nov 2025AU$100.3bAU$49.5bAU$3.4b24.4x29.6x2x
Sat, 18 Oct 2025AU$110.3bAU$49.5bAU$3.4b26x32.5x2.2x
Mon, 15 Sep 2025AU$115.8bAU$49.5bAU$3.4b26.7x34.1x2.3x
Wed, 13 Aug 2025AU$109.7bAU$51.4bAU$3.0b42.6x36.1x2.1x
Fri, 11 Jul 2025AU$102.1bAU$49.6bAU$3.0b39.2x33.8x2.1x
Sun, 08 Jun 2025AU$104.2bAU$52.3bAU$3.0b40x34.2x2x
Tue, 06 May 2025AU$98.1bAU$52.3bAU$3.0b39.5x32.2x1.9x
Thu, 03 Apr 2025AU$91.6bAU$52.3bAU$3.0b39.9x30.1x1.8x
Sat, 01 Mar 2025AU$92.7bAU$52.3bAU$3.1b30x30.2x1.8x
Mon, 27 Jan 2025AU$92.4bAU$51.4bAU$2.9b22.7x31.3x1.8x
Wed, 25 Dec 2024AU$88.9bAU$51.4bAU$2.9b23.2x30.2x1.7x
Fri, 22 Nov 2024AU$86.4bAU$51.4bAU$2.9b23.4x29.3x1.7x
Sun, 20 Oct 2024AU$87.2bAU$51.4bAU$2.9b25.1x29.6x1.7x
Tue, 17 Sep 2024AU$87.7bAU$51.5bAU$3.0b24.9x29.7x1.7x
Thu, 15 Aug 2024AU$90.8bAU$51.0bAU$2.9b16.4x31.1x1.8x
Sat, 13 Jul 2024AU$84.7bAU$51.0bAU$2.9b14.8x29x1.7x
Mon, 10 Jun 2024AU$83.0bAU$51.0bAU$2.9b14.9x28.4x1.6x
Wed, 08 May 2024AU$87.1bAU$51.0bAU$2.9b17.9x29.8x1.7x
Fri, 05 Apr 2024AU$83.5bAU$51.0bAU$2.9b19.9x28.6x1.6x
Sun, 03 Mar 2024AU$83.4bAU$51.0bAU$2.9b21x28.4x1.6x
Tue, 30 Jan 2024AU$72.6bAU$51.0bAU$3.0b15.3x24.3x1.4x
Thu, 28 Dec 2023AU$70.6bAU$51.0bAU$3.0b14.6x23.6x1.4x
Sat, 25 Nov 2023AU$65.1bAU$51.0bAU$3.0b13.6x21.7x1.3x
Mon, 23 Oct 2023AU$63.8bAU$51.0bAU$3.0b14.4x21.3x1.3x
Wed, 20 Sep 2023AU$67.0bAU$51.0bAU$3.0b15.4x22.4x1.3x
Fri, 18 Aug 2023AU$62.6bAU$49.2bAU$3.3b14.5x19.2x1.3x
Price to Earnings Ratio

19.2x


Total Market Cap: AU$62.6bTotal Earnings: AU$3.3bTotal Revenue: AU$49.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian General Merchandise and Department Stores Industry Price to Earnings3Y Average 28.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian Multiline Retail industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 28.8x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Multiline Retail industry have grown 3.2% 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 industry?

AU Market2.59%
Consumer Discretionary0.087%
General Merchandise and Department Stores-1.08%
Department Stores0%0
General Merchandise Stores0%0
Broadline Retail-1.08%
Industry PE
  • Investors are most optimistic about the Broadline Retail industry, which is trading close to its 3-year average PE ratio of 28.8x.
    • Analysts are expecting annual earnings growth of 6.5%, which is lower than the prior year's growth of 23.8% per year.
  • Investors are most pessimistic about the Broadline Retail industry, which is trading close to its 3-year average of 28.8x.
Forecasted Growth
  • Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 6.5% over the next 5 years.
  • However this is lower than its past earnings growth rate of 24% per year.
  • In contrast, the Broadline Retail 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?

CompanyLast Price7D1YValuation
HVN Harvey Norman HoldingsAU$5.000.8%
+AU$49.8m		-15.7%PE11.1x
KGN Kogan.comAU$4.716.6%
+AU$27.8m		19.2%PS0.9x
MYR Myer HoldingsAU$0.224.8%
+AU$17.3m		-65.1%PS0.1x

Latest News

HVN
AU$5.00
Harvey Norman Holdings
7D
0.8%
1Y
-15.7%
MYR
AU$0.22
Myer Holdings
7D
4.8%
1Y
-65.1%
WES
AU$89.42
Wesfarmers
7D
-1.7%
1Y
0.8%
Narrative Update • Jul 15

WES: Execution Discipline And Integration Plans Will Shape Future Pricing Confidence

Analysts have lifted their fair value estimate for Wesfarmers to A$89.00 from A$85.00, reflecting updated assumptions around revenue growth, profit margins and future P/E expectations, even as some research houses flag a less favourable risk reward at current valuation levels. Analyst Commentary on Wesfarmers Recent research on Wesfarmers highlights a split in views, with some investors focusing on the raised A$89.00 fair value estimate while others point to more cautious commentary around the current share price.
ATG
AU$0.27
Articore Group
7D
-1.8%
1Y
14.9%
Narrative Update • Jul 10

ATG: Higher Profit Margins And Richer Future P/E Will Support Upside

Analysts have lifted their fair value estimate for Articore Group from A$0.58 to A$0.93, citing updated assumptions around discount rates, slower expected revenue declines, improved profit margins and a higher future P/E multiple. What's in the News No recent Articore Group news items or key developments were identified in the provided sources.
KGN
AU$4.71
Kogan.com
7D
6.6%
1Y
19.2%
Narrative Update • Jul 06

KGN: Share Buyback And Margin Outlook Will Support Fairly Valued Shares

Analysts have adjusted their fair value estimate for Kogan.com from A$3.30 to A$4.20, reflecting updated assumptions around revenue growth, profit margins, discount rates and a lower future P/E outlook. What’s in the News for Kogan.com Kogan.com announced a share repurchase program, with plans to buy back up to 9,548,224 shares, equal to 10% of its issued share capital, under a program valid until May 12, 2027.