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Australian (ASX) General Merchandise and Department Stores Industry Analysis

UpdatedMar 10, 2026
DataAggregated Company Financials
Companies4
  • 7D-7.0%
  • 3M-9.1%
  • 1Y2.7%
  • YTD-10.1%

Over the last 7 days, the General Merchandise and Department Stores industry has dropped 7.0%, driven by a pullback from Wesfarmers of 2.3%. Over the last year, the industry has been flat overall. 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
Tue, 10 Mar 2026AU$91.6bAU$50.4bAU$3.6b27.6x25.6x1.8x
Thu, 05 Feb 2026AU$104.3bAU$49.5bAU$3.4b24.2x30.7x2.1x
Sat, 03 Jan 2026AU$101.9bAU$49.5bAU$3.4b24.3x30x2.1x
Mon, 01 Dec 2025AU$102.0bAU$49.5bAU$3.4b24.2x30.1x2.1x
Wed, 29 Oct 2025AU$116.4bAU$49.5bAU$3.4b27.1x34.3x2.3x
Fri, 26 Sep 2025AU$114.4bAU$49.5bAU$3.4b26.7x33.7x2.3x
Sun, 24 Aug 2025AU$116.8bAU$51.4bAU$3.0b44.8x38.3x2.3x
Tue, 22 Jul 2025AU$102.8bAU$49.6bAU$3.0b39.3x34x2.1x
Thu, 19 Jun 2025AU$103.6bAU$52.3bAU$3.0b40.2x34x2x
Sat, 17 May 2025AU$102.5bAU$52.3bAU$3.0b39.9x33.6x2x
Mon, 14 Apr 2025AU$91.3bAU$52.3bAU$3.0b39.7x30x1.7x
Wed, 12 Mar 2025AU$89.5bAU$52.3bAU$3.1b30.8x29.2x1.7x
Fri, 07 Feb 2025AU$96.1bAU$48.8bAU$2.9b28.6x33.1x2x
Sun, 05 Jan 2025AU$89.2bAU$51.4bAU$2.9b23.5x30.2x1.7x
Tue, 03 Dec 2024AU$90.8bAU$51.4bAU$2.9b22.9x30.8x1.8x
Thu, 31 Oct 2024AU$83.8bAU$51.4bAU$2.9b22.9x28.4x1.6x
Sat, 28 Sep 2024AU$87.7bAU$51.4bAU$2.9b25.7x29.8x1.7x
Mon, 26 Aug 2024AU$94.0bAU$50.9bAU$2.9b24.7x32.1x1.8x
Wed, 24 Jul 2024AU$89.0bAU$51.0bAU$2.9b15.3x30.5x1.7x
Fri, 21 Jun 2024AU$83.4bAU$51.0bAU$2.9b14.9x28.6x1.6x
Sun, 19 May 2024AU$84.3bAU$51.0bAU$2.9b16.8x28.9x1.7x
Tue, 16 Apr 2024AU$83.2bAU$51.0bAU$2.9b20.1x28.5x1.6x
Thu, 14 Mar 2024AU$84.4bAU$51.0bAU$2.9b21.7x28.8x1.7x
Sat, 10 Feb 2024AU$73.3bAU$51.0bAU$3.0b15x24.5x1.4x
Mon, 08 Jan 2024AU$70.8bAU$51.0bAU$3.0b14.7x23.6x1.4x
Wed, 06 Dec 2023AU$65.5bAU$51.0bAU$3.0b14.1x21.9x1.3x
Fri, 03 Nov 2023AU$64.2bAU$51.0bAU$3.0b13.9x21.4x1.3x
Sun, 01 Oct 2023AU$66.2bAU$51.0bAU$3.0b15x22.1x1.3x
Tue, 29 Aug 2023AU$65.3bAU$51.0bAU$3.2b13x20.3x1.3x
Thu, 27 Jul 2023AU$62.0bAU$49.2bAU$3.3b13.9x19x1.3x
Sat, 24 Jun 2023AU$59.8bAU$49.2bAU$3.3b12.7x18.3x1.2x
Mon, 22 May 2023AU$63.9bAU$49.2bAU$3.3b13.2x19.6x1.3x
Wed, 19 Apr 2023AU$64.8bAU$49.2bAU$3.3b14.4x19.9x1.3x
Fri, 17 Mar 2023AU$61.0bAU$48.0bAU$3.4b13.5x18.2x1.3x
Price to Earnings Ratio

18.2x


Total Market Cap: AU$61.0bTotal Earnings: AU$3.4bTotal Revenue: AU$48.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian General Merchandise and Department Stores Industry Price to Earnings3Y Average 27.6x202420252026
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 27.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Multiline Retail industry have grown 2.2% 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 Market-6.36%
Consumer Discretionary-5.88%
General Merchandise and Department Stores-6.99%
Department Stores0%0
General Merchandise Stores0%0
Broadline Retail-6.99%
Industry PE
  • Investors are most optimistic about the Broadline Retail industry, which is trading close to its 3-year average PE ratio of 27.7x.
    • Analysts are expecting annual earnings growth of 5.8%, 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 27.7x.
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 24% 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
KGN Kogan.comAU$3.971.0%
+AU$2.3m		-13.7%PS0.8x

Latest News

WES
AU$75.46
Wesfarmers
7D
-2.3%
1Y
5.6%

WES: Higher Required Returns Will Limit P/E Upside And Execution Flexibility

Analysts have trimmed their Wesfarmers price target slightly to A$59.94 from A$60.17, reflecting modest adjustments to the discount rate assumptions, projected revenue growth, profit margins, and future P/E expectations. Analyst Commentary Bearish analysts are using the small cut in the Wesfarmers price target to flag that, at current levels, there is less room for execution missteps or weaker growth than previously assumed.
MYR
AU$0.33
Myer Holdings
7D
-5.8%
1Y
-58.1%
HVN
AU$5.41
Harvey Norman Holdings
7D
-2.5%
1Y
5.9%
KGN
AU$3.97
Kogan.com
7D
1.0%
1Y
-13.7%
ATG
AU$0.33
Articore Group
7D
-7.0%
1Y
43.5%