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Australian (ASX) General Merchandise and Department Stores Industry Analysis
UpdatedNov 03, 2025
DataAggregated Company Financials
Companies4
- 7D-7.4%
- 3M0.5%
- 1Y28.0%
- YTD19.6%
Over the last 7 days, the General Merchandise and Department Stores industry has dropped 7.4%, driven by Wesfarmers declining 8.0%. Meanwhile, Articore Group actually outperformed within the industry, gaining 12% in the last week. In the past year, the industry has gained 28%. As for the next few years, earnings are expected to grow by 5.6% 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 |
|---|---|---|---|---|---|---|
| Mon, 03 Nov 2025 | AU$104.8b | AU$49.5b | AU$3.4b | 25x | 30.9x | 2.1x |
| Wed, 01 Oct 2025 | AU$114.1b | AU$49.5b | AU$3.4b | 26.7x | 33.6x | 2.3x |
| Fri, 29 Aug 2025 | AU$113.8b | AU$52.1b | AU$3.3b | 35.7x | 34.2x | 2.2x |
| Sun, 27 Jul 2025 | AU$102.1b | AU$51.4b | AU$3.0b | 40.7x | 33.6x | 2x |
| Tue, 24 Jun 2025 | AU$103.1b | AU$52.3b | AU$3.0b | 40.2x | 33.8x | 2x |
| Thu, 22 May 2025 | AU$104.1b | AU$52.3b | AU$3.0b | 40.1x | 34.2x | 2x |
| Sat, 19 Apr 2025 | AU$92.7b | AU$52.3b | AU$3.0b | 39.2x | 30.4x | 1.8x |
| Mon, 17 Mar 2025 | AU$87.2b | AU$52.3b | AU$3.1b | 29.8x | 28.4x | 1.7x |
| Wed, 12 Feb 2025 | AU$94.8b | AU$48.8b | AU$2.9b | 28.4x | 32.6x | 1.9x |
| Fri, 10 Jan 2025 | AU$90.4b | AU$51.4b | AU$2.9b | 22.3x | 30.7x | 1.8x |
| Sun, 08 Dec 2024 | AU$91.8b | AU$51.4b | AU$2.9b | 23.2x | 31.1x | 1.8x |
| Tue, 05 Nov 2024 | AU$83.0b | AU$51.4b | AU$2.9b | 22.2x | 28.1x | 1.6x |
| Thu, 03 Oct 2024 | AU$87.7b | AU$51.4b | AU$2.9b | 25.2x | 29.7x | 1.7x |
| Sat, 31 Aug 2024 | AU$89.5b | AU$51.5b | AU$3.0b | 24.6x | 30.3x | 1.7x |
| Mon, 29 Jul 2024 | AU$87.5b | AU$51.0b | AU$2.9b | 15.3x | 30x | 1.7x |
| Wed, 26 Jun 2024 | AU$82.1b | AU$51.0b | AU$2.9b | 15.3x | 28.1x | 1.6x |
| Fri, 24 May 2024 | AU$81.9b | AU$51.0b | AU$2.9b | 15.6x | 28x | 1.6x |
| Sun, 21 Apr 2024 | AU$81.3b | AU$51.0b | AU$2.9b | 19.3x | 27.8x | 1.6x |
| Tue, 19 Mar 2024 | AU$83.4b | AU$51.0b | AU$2.9b | 20.4x | 28.5x | 1.6x |
| Thu, 15 Feb 2024 | AU$74.4b | AU$51.0b | AU$3.0b | 15.1x | 24.8x | 1.5x |
| Sat, 13 Jan 2024 | AU$71.8b | AU$51.0b | AU$3.0b | 14.9x | 24x | 1.4x |
| Mon, 11 Dec 2023 | AU$67.1b | AU$51.0b | AU$3.0b | 13.9x | 22.4x | 1.3x |
| Wed, 08 Nov 2023 | AU$65.8b | AU$51.0b | AU$3.0b | 14.2x | 22x | 1.3x |
| Fri, 06 Oct 2023 | AU$65.8b | AU$51.0b | AU$3.0b | 15.1x | 22x | 1.3x |
| Sun, 03 Sep 2023 | AU$67.7b | AU$51.0b | AU$3.0b | 14.8x | 22.5x | 1.3x |
| Tue, 01 Aug 2023 | AU$62.6b | AU$49.2b | AU$3.3b | 14.3x | 19.2x | 1.3x |
| Thu, 29 Jun 2023 | AU$60.2b | AU$49.2b | AU$3.3b | 12.4x | 18.5x | 1.2x |
| Sat, 27 May 2023 | AU$61.2b | AU$49.2b | AU$3.3b | 12.9x | 18.8x | 1.2x |
| Mon, 24 Apr 2023 | AU$65.0b | AU$49.2b | AU$3.3b | 14.8x | 19.9x | 1.3x |
| Wed, 22 Mar 2023 | AU$61.4b | AU$48.0b | AU$3.4b | 13.9x | 18.3x | 1.3x |
| Fri, 17 Feb 2023 | AU$64.3b | AU$47.7b | AU$3.4b | 17.1x | 19x | 1.3x |
| Sun, 15 Jan 2023 | AU$60.7b | AU$42.9b | AU$3.2b | 15.7x | 18.9x | 1.4x |
| Tue, 13 Dec 2022 | AU$60.2b | AU$42.9b | AU$3.2b | 15.3x | 18.7x | 1.4x |
| Thu, 10 Nov 2022 | AU$58.1b | AU$42.9b | AU$3.2b | 16.4x | 18x | 1.4x |
Price to Earnings Ratio
18x
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 30.9x which is higher than its 3-year average PE of 26.3x.
- The 3-year average PS ratio of 1.6x 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 Market | -1.53% | |
| Consumer Discretionary | -4.15% | |
| General Merchandise and Department Stores | -7.40% | |
| Department Stores | 0% | 0 |
| General Merchandise Stores | 0% | 0 |
| Broadline Retail | -7.40% | |
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 5.6%, 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 5.6% 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 5.6% 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 | |
|---|---|---|---|---|---|
| ATG Articore Group | AU$0.32 | 12.3% +AU$9.9m | -1.5% | PS0.2x |