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Australian (ASX) Specialty Stores Industry Analysis

UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies25
  • 7D-5.8%
  • 3M-19.1%
  • 1Y-4.6%
  • YTD-12.3%

Over the last 7 days, the Specialty Stores industry has dropped 5.8%, driven by Lovisa Holdings declining 19%. On the other hand Universal Store Holdings is actually up 9.7%. However, the industry is down 4.6% over the past year. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the Australian Specialty Stores Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Feb 2026AU$30.8bAU$42.9bAU$1.5b18.1x20.8x0.7x
Fri, 23 Jan 2026AU$35.2bAU$41.2bAU$1.4b21.5x24.7x0.9x
Sun, 21 Dec 2025AU$34.9bAU$41.2bAU$1.4b22.5x24.5x0.8x
Tue, 18 Nov 2025AU$39.8bAU$41.2bAU$1.4b23.1x27.9x1x
Thu, 16 Oct 2025AU$42.2bAU$41.2bAU$1.4b24.4x29.6x1x
Sat, 13 Sep 2025AU$41.3bAU$42.0bAU$1.5b25.2x27.2x1x
Mon, 11 Aug 2025AU$39.0bAU$40.1bAU$1.5b22.8x25.7x1x
Wed, 09 Jul 2025AU$36.7bAU$42.7bAU$1.6b22.9x23.7x0.9x
Fri, 06 Jun 2025AU$36.2bAU$40.1bAU$1.5b20.4x23.7x0.9x
Sun, 04 May 2025AU$34.2bAU$40.1bAU$1.5b21x22.4x0.9x
Tue, 01 Apr 2025AU$31.0bAU$40.1bAU$1.5b18.7x20.3x0.8x
Thu, 27 Feb 2025AU$32.1bAU$39.3bAU$1.6b17.8x20.1x0.8x
Sat, 25 Jan 2025AU$33.6bAU$38.5bAU$1.6b17.7x20.5x0.9x
Mon, 23 Dec 2024AU$33.0bAU$38.5bAU$1.6b17.8x20.2x0.9x
Wed, 20 Nov 2024AU$33.0bAU$38.5bAU$1.6b17.9x20.2x0.9x
Fri, 18 Oct 2024AU$33.7bAU$38.5bAU$1.6b18.1x20.5x0.9x
Sun, 15 Sep 2024AU$32.5bAU$38.5bAU$1.7b16.4x19.6x0.8x
Tue, 13 Aug 2024AU$30.3bAU$37.4bAU$1.7b16.5x17.5x0.8x
Thu, 11 Jul 2024AU$28.0bAU$37.3bAU$1.8b14.1x15.9x0.7x
Sat, 08 Jun 2024AU$27.8bAU$37.3bAU$1.8b14.3x15.8x0.7x
Mon, 06 May 2024AU$29.5bAU$37.3bAU$1.8b14.5x16.8x0.8x
Wed, 03 Apr 2024AU$32.1bAU$37.3bAU$1.8b15.6x18.3x0.9x
Fri, 01 Mar 2024AU$32.0bAU$37.3bAU$1.8b14.4x18.2x0.9x
Sun, 28 Jan 2024AU$28.8bAU$36.7bAU$1.9b12.7x15.2x0.8x
Tue, 26 Dec 2023AU$27.9bAU$36.7bAU$1.9b11.6x14.7x0.8x
Thu, 23 Nov 2023AU$25.1bAU$36.7bAU$1.9b10.9x13.3x0.7x
Sat, 21 Oct 2023AU$23.6bAU$36.7bAU$1.9b10.5x12.5x0.6x
Mon, 18 Sep 2023AU$25.3bAU$36.7bAU$1.9b10.7x13.2x0.7x
Wed, 16 Aug 2023AU$25.3bAU$35.8bAU$2.0b10.5x12.7x0.7x
Fri, 14 Jul 2023AU$24.1bAU$35.7bAU$2.0b8.9x11.9x0.7x
Sun, 11 Jun 2023AU$21.7bAU$35.7bAU$2.0b8.1x10.7x0.6x
Tue, 09 May 2023AU$25.5bAU$35.7bAU$2.0b10.1x12.5x0.7x
Thu, 06 Apr 2023AU$25.3bAU$35.8bAU$2.1b9x12.2x0.7x
Sat, 04 Mar 2023AU$23.8bAU$34.4bAU$2.1b8.8x11.3x0.7x
Price to Earnings Ratio

11.3x


Total Market Cap: AU$23.8bTotal Earnings: AU$2.1bTotal Revenue: AU$34.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Specialty Stores Industry Price to Earnings3Y Average 18.7x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Specialty Retail industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 20.8x which is higher than its 3-year average PE of 18.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
  • The earnings for companies in the Specialty Retail industry have declined 11% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.7% 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, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Australian Consumer Discretionary industry?

AU Market0.71%
Consumer Discretionary-6.07%
Specialty Stores-5.85%
Apparel Retail-1.92%
Automotive Retail-2.62%
Home Furnishing Retail-3.82%
Computer and Electronics Retail-6.47%
Specialty Stores-10.70%
Home Improvement Retail-14.17%
Industry PE
  • Investors are most optimistic about the Home Furnishing Retail industry, which is trading close to its 3-year average PE ratio of 26.7x.
    • Analysts are expecting annual earnings growth of 23.4%, which is higher than its past year's earnings decline of 7.8% per year.
  • Investors are most pessimistic about the Apparel Retail industry, which is trading below its 3-year average of 19.1x.
Forecasted Growth
  • Analysts are most optimistic on the Home Furnishing Retail industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 7.8% per year.
  • In contrast, the Computer and Electronics Retail industry is expected to see its earnings grow by 4.1% 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
UNI Universal Store HoldingsAU$9.209.7%
+AU$62.1m		3.8%PE17.5x
AX1 Accent GroupAU$0.9910.6%
+AU$57.1m		-50.7%PE10.4x
ADH AdairsAU$1.854.8%
+AU$15.1m		-20.8%PE17.1x
MHJ Michael Hill InternationalAU$0.421.2%
+AU$1.9m		-3.4%PE77.9x

Latest News

LOV
AU$25.09
Lovisa Holdings
7D
-19.1%
1Y
-11.8%
BLX
AU$2.05
Beacon Lighting Group
7D
-19.6%
1Y
-43.1%
ADH
AU$1.85
Adairs
7D
4.8%
1Y
-20.8%
APE
AU$24.13
Eagers Automotive
7D
-5.7%
1Y
93.8%
UNI
AU$9.20
Universal Store Holdings
7D
9.7%
1Y
3.8%
TPW
AU$7.59
Temple & Webster Group
7D
-11.0%
1Y
-56.4%

TPW: Citi Upgrade And Earnings Quality Will Support Strong Upside Potential

Analysts have adjusted their fair value estimate for Temple & Webster Group from A$29.93 to A$26.23, reflecting updated assumptions on revenue growth, profit margins and future P/E expectations following recent Street research. Analyst Commentary Bullish analysts have taken the recent fair value reset to A$26.23 as an opportunity to refine their positive thesis on Temple & Webster Group, focusing on how execution and earnings quality might support that valuation over time.
SUL
AU$14.07
Super Retail Group
7D
-4.3%
1Y
-0.4%

SUL: Higher Assumed Margins And P/E Will Likely Pressure Future Returns

Analysts have increased their price target for Super Retail Group from A$12.60 to A$12.90, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E expectations. Valuation Changes Fair Value: Updated from A$12.60 to A$12.90, representing a small uplift in the assessed share valuation.
JBH
AU$84.06
JB Hi-Fi
7D
-4.1%
1Y
-8.7%

JBH: Index Inclusions And Rich Future P/E Will Sustain Overvaluation Risk

Analysts have reduced their JB Hi-Fi price target from A$69.25 to A$61.97, linking the change to updated assumptions for slightly lower revenue growth and a lower future P/E multiple, while keeping profit margin expectations broadly in line. What's in the News The board has declared an estimated fully franked interim dividend of 210 cents per share for the six months ended 31 December 2025, with a record date of 27 February 2026, an ex date of 26 February 2026, and a payment date of 13 March 2026 (company announcement).
AX1
AU$0.99
Accent Group
7D
10.6%
1Y
-50.7%

AX1: AI Merchandise Planning Will Support 2026 EBIT Outlook And Undervalued Upside

Analysts have trimmed their price target on Accent Group to A$1.20 from A$1.21, reflecting updated assumptions for a slightly different discount rate, revenue growth profile, profit margin outlook, and a lower future P/E multiple. What's in the News Accent Group issued EBIT guidance for the first half of 2026 in a range of $55 million to $60 million, which includes nonrecurring losses linked to closing the MySale operations (Key Developments).
NCK
AU$18.23
Nick Scali
7D
-6.6%
1Y
9.7%
PMV
AU$13.35
Premier Investments
7D
-4.0%
1Y
-41.0%

Premier Investments' (ASX:PMV) Returns Have Hit A Wall

Feb 08
Premier Investments' (ASX:PMV) Returns Have Hit A Wall
MHJ
AU$0.42
Michael Hill International
7D
1.2%
1Y
-3.4%

MHJ: Upgraded Fair Value Will Rely On Stronger Near Term EBIT

Analysts have lifted their price target for Michael Hill International from A$0.63 to A$0.75. This reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.