Australian (ASX) Hospitality Industry Analysis

Industry Valuation and Performance

Has the Australian Hospitality Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 13 Aug 2026	AU$65.9b	AU$23.5b	AU$1.9b	25.2x	34.8x	2.8x
Sat, 11 Jul 2026	AU$62.3b	AU$23.5b	AU$1.9b	22.7x	32.9x	2.7x
Mon, 08 Jun 2026	AU$54.8b	AU$23.3b	AU$1.9b	22.6x	29.2x	2.4x
Wed, 06 May 2026	AU$54.7b	AU$23.6b	AU$1.5b	24.8x	35.5x	2.3x
Fri, 03 Apr 2026	AU$52.6b	AU$23.6b	AU$1.5b	24.5x	34.1x	2.2x
Sun, 01 Mar 2026	AU$56.8b	AU$23.6b	AU$1.4b	24.8x	41.2x	2.4x
Tue, 27 Jan 2026	AU$77.2b	AU$28.1b	AU$1.9b	30.7x	40.5x	2.8x
Thu, 25 Dec 2025	AU$76.2b	AU$28.2b	AU$1.9b	31.5x	39.6x	2.7x
Sat, 22 Nov 2025	AU$62.7b	AU$23.3b	AU$1.3b	31.4x	46.9x	2.7x
Mon, 20 Oct 2025	AU$70.4b	AU$24.6b	AU$1.4b	34.9x	51.2x	2.9x
Wed, 17 Sep 2025	AU$73.3b	AU$24.6b	AU$1.3b	35.2x	55.1x	3x
Fri, 15 Aug 2025	AU$73.2b	AU$24.6b	-AU$895,993,544.00	33.6x	-81.7x	3x
Sun, 13 Jul 2025	AU$71.5b	AU$24.6b	-AU$895,993,544.00	32.5x	-79.8x	2.9x
Tue, 10 Jun 2025	AU$67.7b	AU$24.6b	-AU$854,437,544.00	27.9x	-79.2x	2.8x
Thu, 08 May 2025	AU$71.6b	AU$24.5b	-AU$667,337,544.00	20.2x	-107.3x	2.9x
Sat, 05 Apr 2025	AU$66.0b	AU$24.6b	-AU$357,022,544.00	20.5x	-184.8x	2.7x
Mon, 03 Mar 2025	AU$75.4b	AU$24.6b	-AU$357,089,544.00	24.5x	-211.1x	3.1x
Wed, 29 Jan 2025	AU$76.5b	AU$24.6b	-AU$917,403,528.00	24.2x	-83.4x	3.1x
Fri, 27 Dec 2024	AU$74.6b	AU$24.6b	-AU$912,156,528.00	23.8x	-81.8x	3x
Sun, 24 Nov 2024	AU$73.3b	AU$24.6b	-AU$914,256,528.00	23.5x	-80.2x	3x
Tue, 22 Oct 2024	AU$69.0b	AU$24.6b	-AU$731,088,528.00	21.3x	-94.3x	2.8x
Thu, 19 Sep 2024	AU$69.5b	AU$24.5b	-AU$196,095,201.00	21.9x	-354.2x	2.8x
Sat, 17 Aug 2024	AU$68.3b	AU$23.9b	AU$385.0m	22.7x	177.5x	2.9x
Mon, 15 Jul 2024	AU$68.2b	AU$23.9b	AU$385.0m	22.1x	177x	2.8x
Wed, 12 Jun 2024	AU$61.5b	AU$23.6b	AU$365.2m	23.8x	168.4x	2.6x
Fri, 10 May 2024	AU$56.5b	AU$23.4b	AU$292.0m	24.6x	193.6x	2.4x
Sun, 07 Apr 2024	AU$59.8b	AU$23.4b	AU$292.0m	25.8x	204.7x	2.6x
Tue, 05 Mar 2024	AU$62.6b	AU$23.4b	AU$288.9m	30.1x	216.6x	2.7x
Thu, 01 Feb 2024	AU$70.9b	AU$24.8b	-AU$868,553,717.00	33.7x	-81.6x	2.9x
Sat, 30 Dec 2023	AU$69.3b	AU$24.8b	-AU$868,553,717.00	33.7x	-79.8x	2.8x
Mon, 27 Nov 2023	AU$66.2b	AU$24.7b	-AU$887,457,717.00	33.1x	-74.6x	2.7x
Wed, 25 Oct 2023	AU$65.8b	AU$24.2b	-AU$1,296,867,811.00	33.2x	-50.8x	2.7x
Fri, 22 Sep 2023	AU$67.7b	AU$24.2b	-AU$1,304,490,915.00	33.5x	-51.9x	2.8x
Sun, 20 Aug 2023	AU$70.1b	AU$23.6b	-AU$738,689,774.00	34x	-94.9x	3x

Current Industry PE

Investors are optimistic on the Australian Hospitality industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 34.8x which is higher than its 3-year average PE of -12.5x.

The industry is trading close to its 3-year average PS ratio of 2.8x.

Past Earnings Growth

Total earnings for the Hospitality industry have gone up over the last three years, and the industry is now profitable.
Revenues have remained mostly flat. This means that the industry has become more efficient 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	1.31%
Consumer Discretionary	-0.32%
Hospitality	0.46%
Hotels, Resorts and Cruise Lines	3.05%
Casinos and Gaming	0.40%
Leisure Facilities	-0.74%
Restaurants	-0.84%

Industry PE

Investors are most optimistic about the Leisure Facilities industry even though it's trading below its 3-year average PE ratio of 90.5x.

Analysts are expecting annual earnings growth of 76.2%, which is lower than the prior year's growth of 130.4% per year.

Investors are most pessimistic about the Hotels, Resorts and Cruise Lines industry, which is trading below its 3-year average of 28.7x.

Forecasted Growth

Analysts are most optimistic on the Leisure Facilities industry, expecting annual earnings growth of 76% over the next 5 years.
However this is lower than its past earnings growth rate of 130% per year.

In contrast, the Casinos and Gaming industry is expected to see its earnings grow by 11% 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
LNW Light & Wonder	AU$127.59	8.1% +AU$738.9m	-5.0%	PE25.6x
BET Betmakers Technology Group	AU$0.22	37.5% +AU$67.2m	51.7%	PS2.7x
TLC Lottery	AU$5.43	0.6% +AU$66.7m	0.6%	PE33.3x
TAH Tabcorp Holdings	AU$0.92	2.8% +AU$57.1m	28.0%	PE63.4x
SGR Star Entertainment Group	AU$0.14	3.7% +AU$33.2m	27.3%	PS0.7x

Tabcorp Holdings Limited (ASX:TAH) entered into a binding Scheme Implementation Deed to acquire Betmakers Technology Group Ltd (ASX:BET) for approximately AUD 270 million.

Tabcorp Holdings Limited (ASX:TAH) entered into a binding Scheme Implementation Deed to acquire Betmakers Technology Group Ltd (ASX:BET) for approximately AUD 270 million on August 9, 2026. Under the terms of the Scheme, the default form of Scheme Consideration is AUD 0.24 cash per BetMakers Share. Eligible BetMakers Shareholders may instead elect to receive 25%, 50%, 75% or 100% of their Scheme Consideration in new Tabcorp shares, with the balance paid in cash. The scrip election is subject to a maximum aggregate scrip consideration payable equal to 25% of the total Scheme Consideration that may be issued as new Tabcorp shares. If valid elections exceed this cap, elections will be scaled back on a pro rata basis and the balance will be paid in cash. The exchange ratio will be calculated by dividing AUD 0.24 by the higher of: AUD 1 per Tabcorp share; and the VWAP of Tabcorp shares over the 5 trading days before the Scheme Record Date. New Tabcorp shares issued under the Scheme will rank equally in all respects with existing Tabcorp shares from the Implementation Date. Ineligible Foreign Shareholders and BetMakers Shareholders who do not make a valid election will receive AUD 0.24 cash per BetMakers Share. The cash component of the Transaction consideration will be funded from Tabcorp’s existing cash and/or undrawn debt facilities. A break fee of AUD 2.83 million (excluding GST) may be payable by BetMakers to Tabcorp in certain customary circumstances including where a superior proposal is received from a third party. A reverse break fee of AUD 2.83 million (excluding GST) may be payable by Tabcorp to BetMakers if BetMakers terminates the SID as a result of an unremedied material breach by Tabcorp. Key members of BetMakers’ management team to be retained and incentivised to deliver integration and synergies. The Scheme is subject to ACCC clearance, applicable gaming and racing regulatory approvals in various of the jurisdictions in which BetMakers undertakes business activities, BetMakers Shareholder and Court approvals and other customary conditions. The Scheme is not subject to a financing condition, Tabcorp shareholder approval or further due diligence. No immediate action required: Shareholders do not need to take any action at this time, scheme meeting materials will be distributed ahead of the shareholder vote. The parties are targeting implementation of the Transaction during third quarter of FY27. A scheme booklet, containing detailed information in relation to the Transaction and the independent expert's report, is expected to be dispatched to BetMakers shareholders in late CY26. The BetMakers Board unanimously recommends that BetMakers shareholders vote in favour of the Transaction, and each BetMakers director intends to vote any shares in which they have a relevant interest in favour of the Transaction, in each case in the absence of a superior proposal and subject to an independent expert concluding (and continuing to conclude) that the Transaction is in the best interests of BetMakers shareholders. The Transaction is expected to deliver attractive shareholder returns, including EPS accretion from Year 2 and double-digit EPS accretion from Year 3. MAFG Operations Pty Ltd acted as financial advisor for Betmakers Technology Group Ltd. Ashurst Perkins Coie UK LLP acted as legal advisor for Betmakers Technology Group Ltd. Barrenjoey Capital Partners acted as financial advisor for Tabcorp Holdings Limited. Gilbert and Tobin acted as legal advisor for Tabcorp Holdings Limited. Automic Group Pty Ltd acted as transfer agent/registrar for Tabcorp Holdings Limited.

Australian (ASX) Hospitality Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Consensus EPS estimates increase from loss to AU$0.006 profit

Tabcorp Holdings Limited (ASX:TAH) entered into a binding Scheme Implementation Deed to acquire Betmakers Technology Group Ltd (ASX:BET) for approximately AUD 270 million.

TAH: BetMakers Acquisition Will Drive Technology Transformation And Future Upside Potential

Now 22% undervalued after recent price drop

Domino’s Pizza Enterprises to Shut 60 Stores and Unveil New Operating Model

LNW: Future Returns Will Depend On Buybacks And Modest Margin Compression

Aristocrat Leisure Limited Announces Appointment of Michael Rumbolz as Non-Executive Director

Digital Wagering Tailwinds Will Support Stronger Margins And Long Term Earnings Potential

Flight Centre Travel Group Limited to Report Fiscal Year 2026 Results on Aug 26, 2026

Web Travel Group Limited Announces Class Action Proceedings

Collins Foods Limited, Annual General Meeting, Sep 01, 2026

PointsBet Holdings Limited, Annual General Meeting, Aug 25, 2026

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The Lottery Corporation Limited, Annual General Meeting, Oct 14, 2026

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SGR: New Funding And Higher P/E Expectations Will Support Future Upside