Narrative Update • Jun 24
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Australian (ASX) Hospitality Industry Analysis
UpdatedJun 26, 2026
DataAggregated Company Financials
Companies24
- 7D5.9%
- 3M15.8%
- 1Y-7.7%
- YTD-2.5%
Over the last 7 days, the Hospitality industry has risen 5.9%, driven by gains from Aristocrat Leisure of 6.8%. During this same period, the Light & Wonder underperformed, falling 14%. However, the industry is down 7.7% over the past year. Looking forward, earnings are forecast to grow by 13% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jun 2026 | AU$61.1b | AU$23.5b | AU$1.9b | 24.3x | 32.9x | 2.6x |
| Sun, 24 May 2026 | AU$54.0b | AU$23.3b | AU$1.8b | 23.9x | 29.2x | 2.3x |
| Tue, 21 Apr 2026 | AU$56.4b | AU$23.6b | AU$1.5b | 26.9x | 36.6x | 2.4x |
| Thu, 19 Mar 2026 | AU$53.5b | AU$23.6b | AU$1.5b | 25.9x | 34.7x | 2.3x |
| Sat, 14 Feb 2026 | AU$67.5b | AU$28.0b | AU$1.9b | 27.2x | 35.6x | 2.4x |
| Mon, 12 Jan 2026 | AU$75.8b | AU$28.2b | AU$1.9b | 30.9x | 39.4x | 2.7x |
| Wed, 10 Dec 2025 | AU$75.8b | AU$28.3b | AU$1.9b | 31.4x | 39.3x | 2.7x |
| Fri, 07 Nov 2025 | AU$69.0b | AU$24.6b | AU$1.4b | 33.9x | 50.2x | 2.8x |
| Sun, 05 Oct 2025 | AU$73.8b | AU$24.6b | AU$1.3b | 35.1x | 55.4x | 3x |
| Tue, 02 Sep 2025 | AU$74.2b | AU$24.6b | AU$1.3b | 35.2x | 55.8x | 3x |
| Thu, 31 Jul 2025 | AU$72.1b | AU$24.6b | -AU$895,993,544.00 | 33.1x | -80.4x | 2.9x |
| Sat, 28 Jun 2025 | AU$68.7b | AU$24.6b | -AU$895,993,544.00 | 30.5x | -76.7x | 2.8x |
| Mon, 26 May 2025 | AU$67.5b | AU$24.7b | -AU$808,437,544.00 | 23x | -83.5x | 2.7x |
| Wed, 23 Apr 2025 | AU$66.2b | AU$24.5b | -AU$667,337,544.00 | 19.3x | -99.2x | 2.7x |
| Fri, 21 Mar 2025 | AU$69.7b | AU$24.6b | -AU$357,022,544.00 | 22.5x | -195.1x | 2.8x |
| Sun, 16 Feb 2025 | AU$80.4b | AU$24.6b | -AU$916,958,794.00 | 24.4x | -87.7x | 3.3x |
| Tue, 14 Jan 2025 | AU$74.3b | AU$24.6b | -AU$917,403,528.00 | 23.1x | -81x | 3x |
| Thu, 12 Dec 2024 | AU$74.0b | AU$24.6b | -AU$912,156,528.00 | 23.7x | -81.1x | 3x |
| Sat, 09 Nov 2024 | AU$71.1b | AU$24.6b | -AU$731,088,528.00 | 22.8x | -97.3x | 2.9x |
| Mon, 07 Oct 2024 | AU$69.3b | AU$24.6b | -AU$731,088,528.00 | 22.4x | -94.8x | 2.8x |
| Wed, 04 Sep 2024 | AU$67.6b | AU$24.5b | -AU$196,128,201.00 | 21.7x | -344.7x | 2.8x |
| Fri, 02 Aug 2024 | AU$68.8b | AU$23.9b | AU$385.0m | 22.7x | 178.6x | 2.9x |
| Sun, 30 Jun 2024 | AU$65.8b | AU$23.6b | AU$390.1m | 20.8x | 168.6x | 2.8x |
| Tue, 28 May 2024 | AU$59.9b | AU$23.6b | AU$365.2m | 23.6x | 163.9x | 2.5x |
| Thu, 25 Apr 2024 | AU$57.7b | AU$23.4b | AU$292.0m | 24.6x | 197.8x | 2.5x |
| Sat, 23 Mar 2024 | AU$61.7b | AU$23.4b | AU$288.9m | 30.1x | 213.4x | 2.6x |
| Mon, 19 Feb 2024 | AU$61.5b | AU$23.0b | -AU$533,598,187.00 | 36.3x | -115.3x | 2.7x |
| Wed, 17 Jan 2024 | AU$68.1b | AU$24.8b | -AU$868,553,717.00 | 33.8x | -78.4x | 2.8x |
| Fri, 15 Dec 2023 | AU$66.6b | AU$24.8b | -AU$868,553,717.00 | 33.3x | -76.7x | 2.7x |
| Sun, 12 Nov 2023 | AU$66.9b | AU$24.2b | -AU$1,296,867,811.00 | 34.5x | -51.5x | 2.8x |
| Tue, 10 Oct 2023 | AU$66.6b | AU$24.2b | -AU$1,296,867,811.00 | 33.8x | -51.4x | 2.8x |
| Thu, 07 Sep 2023 | AU$69.3b | AU$24.2b | -AU$1,304,490,915.00 | 35x | -53.1x | 2.9x |
| Sat, 05 Aug 2023 | AU$71.3b | AU$23.6b | -AU$742,294,541.00 | 34.1x | -96x | 3x |
| Mon, 03 Jul 2023 | AU$68.2b | AU$23.6b | -AU$742,294,541.00 | 31x | -91.8x | 2.9x |
Price to Earnings Ratio
-91.8x
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 32.9x which is higher than its 3-year average PE of -18.0x.
- 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 | -1.83% | |
| Consumer Discretionary | 3.82% | |
| Hospitality | 5.86% | |
| Casinos and Gaming | 6.87% | |
| Restaurants | 2.49% | |
| Hotels, Resorts and Cruise Lines | -1.38% | |
| Leisure Facilities | -3.31% | |
Industry PE
- Investors are most optimistic about the Restaurants industry even though it's trading below its 3-year average PE ratio of 224x.
- Analysts are expecting annual earnings growth of 32.8%, which is lower than the prior year's growth of 143.1% per year.
- Investors are most pessimistic about the Hotels, Resorts and Cruise Lines industry, which is trading close to its 3-year average of 21.6x.
Forecasted Growth
- Analysts are most optimistic on the Leisure Facilities industry, expecting annual earnings growth of 74% 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 10% 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 | |
|---|---|---|---|---|---|
| ALL Aristocrat Leisure | AU$58.69 | 6.8% +AU$2.3b | -8.8% | PE24x | |
| TLC Lottery | AU$5.63 | 1.3% +AU$155.7m | 6.4% | PE34.5x | |
| GYG Guzman y Gomez | AU$20.27 | 7.4% +AU$141.7m | -26.3% | PE115.6x | |
| FLT Flight Centre Travel Group | AU$11.99 | 0.6% +AU$14.3m | -2.0% | PE22.4x | |
| RCT Reef Casino Trust | AU$3.55 | 1.4% +AU$1.2m | 14.5% | PE16.3x |
