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Australian (ASX) General Merchandise and Department Stores Industry Analysis
UpdatedNov 11, 2025
DataAggregated Company Financials
Companies4
- 7D-3.6%
- 3M-6.6%
- 1Y20.7%
- YTD15.7%
Over the last 7 days, the General Merchandise and Department Stores industry has dropped 3.6%, driven by a pullback from Wesfarmers of 2.7%. In the past year, the industry has gained 21%. As for the next few years, earnings are expected to grow by 5.8% per annum.
Industry Valuation and Performance
Has the Australian General Merchandise and Department Stores Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 12 Nov 2025 | AU$101.4b | AU$49.5b | AU$3.4b | 24.6x | 29.9x | 2x |
| Fri, 10 Oct 2025 | AU$109.9b | AU$49.5b | AU$3.4b | 26.1x | 32.4x | 2.2x |
| Sun, 07 Sep 2025 | AU$116.0b | AU$52.2b | AU$3.4b | 35.9x | 33.9x | 2.2x |
| Tue, 05 Aug 2025 | AU$105.3b | AU$51.4b | AU$3.0b | 40.9x | 34.6x | 2x |
| Thu, 03 Jul 2025 | AU$105.5b | AU$52.3b | AU$3.0b | 42x | 34.6x | 2x |
| Sat, 31 May 2025 | AU$102.6b | AU$52.3b | AU$3.0b | 40.1x | 33.7x | 2x |
| Mon, 28 Apr 2025 | AU$94.2b | AU$52.3b | AU$3.0b | 39.3x | 30.9x | 1.8x |
| Wed, 26 Mar 2025 | AU$89.4b | AU$52.3b | AU$3.0b | 31.3x | 29.3x | 1.7x |
| Fri, 21 Feb 2025 | AU$96.4b | AU$52.3b | AU$3.0b | 32.6x | 32.2x | 1.8x |
| Sun, 19 Jan 2025 | AU$88.0b | AU$51.4b | AU$2.9b | 22.2x | 29.8x | 1.7x |
| Tue, 17 Dec 2024 | AU$91.8b | AU$51.4b | AU$2.9b | 23.1x | 31.1x | 1.8x |
| Thu, 14 Nov 2024 | AU$84.9b | AU$51.4b | AU$2.9b | 23.3x | 28.8x | 1.7x |
| Sat, 12 Oct 2024 | AU$86.6b | AU$51.4b | AU$2.9b | 25.5x | 29.4x | 1.7x |
| Mon, 09 Sep 2024 | AU$86.6b | AU$51.5b | AU$3.0b | 25.7x | 29.4x | 1.7x |
| Wed, 07 Aug 2024 | AU$87.3b | AU$51.0b | AU$2.9b | 15.2x | 29.9x | 1.7x |
| Fri, 05 Jul 2024 | AU$80.7b | AU$51.0b | AU$2.9b | 14.2x | 27.6x | 1.6x |
| Sun, 02 Jun 2024 | AU$80.4b | AU$51.0b | AU$2.9b | 15.5x | 27.5x | 1.6x |
| Tue, 30 Apr 2024 | AU$81.6b | AU$51.0b | AU$2.9b | 19x | 27.9x | 1.6x |
| Thu, 28 Mar 2024 | AU$84.8b | AU$51.0b | AU$2.9b | 19.7x | 29x | 1.7x |
| Sat, 24 Feb 2024 | AU$81.2b | AU$51.1b | AU$3.0b | 16.3x | 26.8x | 1.6x |
| Mon, 22 Jan 2024 | AU$71.6b | AU$51.0b | AU$3.0b | 15x | 23.9x | 1.4x |
| Wed, 20 Dec 2023 | AU$69.5b | AU$51.0b | AU$3.0b | 14.5x | 23.2x | 1.4x |
| Fri, 17 Nov 2023 | AU$67.5b | AU$51.0b | AU$3.0b | 14.1x | 22.5x | 1.3x |
| Sun, 15 Oct 2023 | AU$66.1b | AU$51.0b | AU$3.0b | 15x | 22.1x | 1.3x |
| Tue, 12 Sep 2023 | AU$66.7b | AU$51.0b | AU$3.0b | 14.9x | 22.1x | 1.3x |
| Thu, 10 Aug 2023 | AU$62.7b | AU$49.2b | AU$3.3b | 14.4x | 19.2x | 1.3x |
| Sat, 08 Jul 2023 | AU$59.1b | AU$49.2b | AU$3.3b | 13x | 18.1x | 1.2x |
| Mon, 05 Jun 2023 | AU$59.7b | AU$49.2b | AU$3.3b | 12.9x | 18.3x | 1.2x |
| Wed, 03 May 2023 | AU$65.1b | AU$49.2b | AU$3.3b | 14.6x | 20x | 1.3x |
| Fri, 31 Mar 2023 | AU$62.5b | AU$49.2b | AU$3.3b | 13.4x | 19.2x | 1.3x |
| Sun, 26 Feb 2023 | AU$61.4b | AU$47.8b | AU$3.4b | 16.6x | 18.1x | 1.3x |
| Tue, 24 Jan 2023 | AU$62.0b | AU$42.9b | AU$3.2b | 17.2x | 19.3x | 1.4x |
| Thu, 22 Dec 2022 | AU$57.8b | AU$42.9b | AU$3.2b | 15x | 17.9x | 1.3x |
| Sat, 19 Nov 2022 | AU$59.8b | AU$42.9b | AU$3.2b | 17x | 18.6x | 1.4x |
Price to Earnings Ratio
18.6x
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 | -0.88% | |
| Consumer Discretionary | -2.96% | |
| General Merchandise and Department Stores | -3.60% | |
| Department Stores | 0% | 0 |
| General Merchandise Stores | 0% | 0 |
| Broadline Retail | -3.60% | |
Industry PE
- Investors are most optimistic about the Broadline Retail industry, which is trading close to 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, which is trading close to 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HVN Harvey Norman Holdings | AU$7.52 | 3.2% +AU$286.6m | 65.6% | PE18.1x | |
| MYR Myer Holdings | AU$0.40 | 1.3% +AU$8.7m | n/a | PS0.2x | |
| ATG Articore Group | AU$0.33 | 1.6% +AU$1.4m | -1.5% | PS0.2x |
