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Australian (ASX) General Merchandise and Department Stores Industry Analysis

UpdatedJan 21, 2026
DataAggregated Company Financials
Companies4
  • 7D1.5%
  • 3M-8.2%
  • 1Y15.9%
  • YTD1.5%

In the last week, General Merchandise and Department Stores has been flat. The past year has been better, since the industry has gained 17% in that time. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Jan 2026AU$103.5bAU$49.5bAU$3.4b24.3x30.5x2.1x
Fri, 19 Dec 2025AU$100.7bAU$49.5bAU$3.4b24x29.7x2x
Sun, 16 Nov 2025AU$101.6bAU$49.5bAU$3.4b24.6x29.9x2.1x
Tue, 14 Oct 2025AU$110.7bAU$49.5bAU$3.4b26.2x32.6x2.2x
Thu, 11 Sep 2025AU$116.0bAU$52.2bAU$3.4b36x34x2.2x
Sat, 09 Aug 2025AU$111.5bAU$51.4bAU$3.0b42.8x36.7x2.2x
Mon, 07 Jul 2025AU$104.3bAU$52.3bAU$3.0b42x34.2x2x
Wed, 04 Jun 2025AU$104.0bAU$52.3bAU$3.0b40.1x34.1x2x
Fri, 02 May 2025AU$97.8bAU$52.3bAU$3.0b39.3x32.1x1.9x
Sun, 30 Mar 2025AU$91.0bAU$52.3bAU$3.0b39.9x29.9x1.7x
Tue, 25 Feb 2025AU$95.5bAU$52.3bAU$3.0b31x31.9x1.8x
Thu, 23 Jan 2025AU$90.9bAU$51.4bAU$2.9b22.6x30.8x1.8x
Sat, 21 Dec 2024AU$86.6bAU$51.4bAU$2.9b23x29.4x1.7x
Mon, 18 Nov 2024AU$87.0bAU$51.4bAU$2.9b23.3x29.5x1.7x
Wed, 16 Oct 2024AU$87.6bAU$51.4bAU$2.9b25.6x29.7x1.7x
Fri, 13 Sep 2024AU$87.1bAU$51.5bAU$3.0b24.9x29.5x1.7x
Sun, 11 Aug 2024AU$87.6bAU$51.0bAU$2.9b15.2x30x1.7x
Tue, 09 Jul 2024AU$81.7bAU$51.0bAU$2.9b14.3x28x1.6x
Thu, 06 Jun 2024AU$81.2bAU$51.0bAU$2.9b14.9x27.8x1.6x
Sat, 04 May 2024AU$84.4bAU$51.0bAU$2.9b18.9x28.9x1.7x
Mon, 01 Apr 2024AU$85.8bAU$51.0bAU$2.9b20.3x29.4x1.7x
Wed, 28 Feb 2024AU$83.2bAU$51.1bAU$3.1b21.1x27.1x1.6x
Fri, 26 Jan 2024AU$73.3bAU$51.0bAU$3.0b15.2x24.5x1.4x
Sun, 24 Dec 2023AU$69.8bAU$51.0bAU$3.0b14.7x23.3x1.4x
Tue, 21 Nov 2023AU$66.3bAU$51.0bAU$3.0b14x22.1x1.3x
Thu, 19 Oct 2023AU$65.5bAU$51.0bAU$3.0b14.8x21.9x1.3x
Sat, 16 Sep 2023AU$66.6bAU$51.0bAU$3.0b15.4x22.2x1.3x
Mon, 14 Aug 2023AU$64.1bAU$49.2bAU$3.3b14.7x19.7x1.3x
Wed, 12 Jul 2023AU$59.7bAU$49.2bAU$3.3b12.9x18.3x1.2x
Fri, 09 Jun 2023AU$59.1bAU$49.2bAU$3.3b12.6x18.1x1.2x
Sun, 07 May 2023AU$64.4bAU$49.2bAU$3.3b13.6x19.8x1.3x
Tue, 04 Apr 2023AU$64.1bAU$49.2bAU$3.3b13.3x19.7x1.3x
Thu, 02 Mar 2023AU$60.3bAU$47.7bAU$3.3b16.5x18.1x1.3x
Sat, 28 Jan 2023AU$62.8bAU$42.9bAU$3.2b17.7x19.5x1.5x
Price to Earnings Ratio

19.5x


Total Market Cap: AU$62.8bTotal 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 27.1x202420252026
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 30.3x which is higher than its 3-year average PE of 27.1x.
  • The 3-year average PS ratio of 1.7x 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 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 Market0.069%
Consumer Discretionary0.53%
General Merchandise and Department Stores1.53%
Broadline Retail1.53%
Department Stores0%0
General Merchandise Stores0%0
Industry PE
  • Investors are most optimistic about the Broadline Retail industry, which is trading close to its 3-year average PE ratio of 27.6x.
    • 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 27.6x.
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$83.331.6%
+AU$1.5b		14.3%PE32.3x
HVN Harvey Norman HoldingsAU$6.760.3%
+AU$24.9m		42.0%PE16.3x
ATG Articore GroupAU$0.3228.6%
+AU$19.8m		8.6%PS0.2x
MYR Myer HoldingsAU$0.471.1%
+AU$8.7m		n/aPS0.3x
KGN Kogan.comAU$3.910.5%
+AU$2.0m		-34.0%PS0.8x

Latest News

ATG
AU$0.32
Articore Group
7D
28.6%
1Y
8.6%
KGN
AU$3.91
Kogan.com
7D
0.5%
1Y
-34.0%

KGN: Higher Profit Margins And Stable Assumptions Will Support Stronger Future Shares

Analysts have trimmed their price target on Kogan.com to A$9.00 from A$9.00, reflecting slightly adjusted assumptions around discount rates, revenue growth, profit margins and future P/E, while keeping their overall valuation view unchanged. Valuation Changes Fair Value: Kept unchanged at A$9.00 per share.
WES
AU$83.33
Wesfarmers
7D
1.6%
1Y
14.3%

WES: Higher Assumed P/E Will Test Execution And Margin Resilience

Analysts have increased their fair value estimate for Wesfarmers to A$60.19 from A$59.41, reflecting updated assumptions for revenue growth, profit margins and a slightly richer future P/E multiple. Analyst Commentary Analysts framing Wesfarmers around the updated A$60.19 fair value are broadly focused on how much investors are being asked to pay for a diversified earnings stream that still needs to deliver against expectations for revenue growth and margins.
HVN
AU$6.76
Harvey Norman Holdings
7D
0.3%
1Y
42.0%

Little Excitement Around Harvey Norman Holdings Limited's (ASX:HVN) Earnings

Jan 09
Little Excitement Around Harvey Norman Holdings Limited's (ASX:HVN) Earnings
MYR
AU$0.47
Myer Holdings
7D
1.1%
1Y
n/a