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Australian (ASX) Specialty Stores Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies25
  • 7D-1.1%
  • 3M-18.4%
  • 1Y-4.3%
  • YTD-10.5%

Over the last 7 days, the Specialty Stores industry has dropped 1.1%, driven by pullbacks in JB Hi-Fi and Lovisa Holdings of 6.5% and 17%, respectively. On the other hand Universal Store Holdings is actually up 9.7%. The industry has fallen 4.3% in the last year. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026AU$31.4bAU$42.9bAU$1.5b18.1x21.1x0.7x
Thu, 22 Jan 2026AU$34.2bAU$41.2bAU$1.4b20.9x24x0.8x
Sat, 20 Dec 2025AU$34.9bAU$41.2bAU$1.4b22.5x24.5x0.8x
Mon, 17 Nov 2025AU$39.4bAU$41.2bAU$1.4b23x27.6x1x
Wed, 15 Oct 2025AU$42.3bAU$41.2bAU$1.4b25.1x29.6x1x
Fri, 12 Sep 2025AU$41.3bAU$42.0bAU$1.5b24.7x27.2x1x
Sun, 10 Aug 2025AU$39.0bAU$40.1bAU$1.5b22.7x25.5x1x
Tue, 08 Jul 2025AU$35.6bAU$40.1bAU$1.5b20.9x23.3x0.9x
Thu, 05 Jun 2025AU$36.4bAU$40.1bAU$1.5b20.5x23.8x0.9x
Sat, 03 May 2025AU$34.2bAU$40.1bAU$1.5b21x22.4x0.9x
Mon, 31 Mar 2025AU$31.6bAU$40.1bAU$1.5b18.9x20.7x0.8x
Wed, 26 Feb 2025AU$31.9bAU$39.3bAU$1.6b16.6x20x0.8x
Fri, 24 Jan 2025AU$33.2bAU$38.5bAU$1.6b16.8x20.3x0.9x
Sun, 22 Dec 2024AU$33.0bAU$38.5bAU$1.6b17.8x20.2x0.9x
Tue, 19 Nov 2024AU$33.1bAU$38.5bAU$1.6b18.4x20.2x0.9x
Thu, 17 Oct 2024AU$33.7bAU$38.5bAU$1.6b18.1x20.5x0.9x
Sat, 14 Sep 2024AU$32.5bAU$38.5bAU$1.7b16.4x19.6x0.8x
Mon, 12 Aug 2024AU$29.1bAU$37.3bAU$1.8b16.2x16.5x0.8x
Wed, 10 Jul 2024AU$27.8bAU$37.3bAU$1.8b14.3x15.8x0.7x
Fri, 07 Jun 2024AU$27.7bAU$37.3bAU$1.8b14.2x15.7x0.7x
Sun, 05 May 2024AU$29.4bAU$37.3bAU$1.8b14.3x16.8x0.8x
Tue, 02 Apr 2024AU$32.8bAU$37.3bAU$1.8b15.4x18.6x0.9x
Thu, 29 Feb 2024AU$31.6bAU$37.3bAU$1.8b14.3x18x0.8x
Sat, 27 Jan 2024AU$28.8bAU$36.7bAU$1.9b12.7x15.2x0.8x
Mon, 25 Dec 2023AU$27.9bAU$36.7bAU$1.9b11.6x14.7x0.8x
Wed, 22 Nov 2023AU$25.2bAU$36.7bAU$1.9b10.9x13.3x0.7x
Fri, 20 Oct 2023AU$23.9bAU$36.7bAU$1.9b10.7x12.6x0.6x
Sun, 17 Sep 2023AU$25.3bAU$36.7bAU$1.9b10.7x13.2x0.7x
Tue, 15 Aug 2023AU$25.4bAU$35.8bAU$2.0b10.6x12.8x0.7x
Thu, 13 Jul 2023AU$23.6bAU$35.7bAU$2.0b8.8x11.6x0.7x
Sat, 10 Jun 2023AU$21.7bAU$35.7bAU$2.0b8.1x10.7x0.6x
Mon, 08 May 2023AU$25.5bAU$35.7bAU$2.0b9.4x12.5x0.7x
Wed, 05 Apr 2023AU$25.3bAU$35.8bAU$2.1b9x12.2x0.7x
Fri, 03 Mar 2023AU$23.9bAU$34.4bAU$2.1b8.7x11.3x0.7x
Price to Earnings Ratio

11.3x


Total Market Cap: AU$23.9bTotal 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 21.1x 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 Market0.97%
Consumer Discretionary-3.95%
Specialty Stores-1.11%
Home Furnishing Retail1.98%
Computer and Electronics Retail0.98%
Apparel Retail0.15%
Automotive Retail-1.18%
Specialty Stores-4.78%
Home Improvement Retail-10.31%
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 21.8%, 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 22% 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$9.039.7%
+AU$61.4m		3.9%PE17.2x
ADH AdairsAU$2.0110.1%
+AU$32.8m		-15.2%PE18.6x
CCX City Chic CollectiveAU$0.114.8%
+AU$1.9m		-24.1%PS0.3x
SSG Shaver Shop GroupAU$1.500.3%
+AU$655.1k		10.3%PE13.2x

Latest News

ADH
AU$2.01
Adairs
7D
10.1%
1Y
-15.2%
ASG
AU$3.13
Autosports Group
7D
-11.6%
1Y
79.9%

ASG: Higher Required Return And Richer Future P/E Will Support Upside

Analysts have trimmed their price target for Autosports Group from A$4.79 to A$4.71. This reflects updates to their assumptions on discount rate, revenue growth, profit margins and future P/E.
APE
AU$24.71
Eagers Automotive
7D
-1.4%
1Y
97.4%
UNI
AU$9.03
Universal Store Holdings
7D
9.7%
1Y
3.9%
LOV
AU$24.89
Lovisa Holdings
7D
-16.8%
1Y
-7.5%
BLX
AU$2.18
Beacon Lighting Group
7D
-14.2%
1Y
-33.5%

BLX: Higher Required Return Will Still Support Positive Long Term Outlook

Analysts have revised their fair value estimate for Beacon Lighting Group from A$3.62 to A$3.05, reflecting updated views on its discount rate, revenue growth, profit margins and future P/E assumptions. Valuation Changes Fair Value: reduced from A$3.62 to A$3.05, a moderate cut to the central valuation view.
TPW
AU$7.35
Temple & Webster Group
7D
-8.1%
1Y
-57.5%

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.
SSG
AU$1.50
Shaver Shop Group
7D
0.3%
1Y
10.3%

SSG: Future Assumptions Will Stay Steady With Slightly Refined Return Expectations

Analysts have nudged their price target on Shaver Shop Group higher to A$1.50, reflecting slightly adjusted assumptions around discount rate, revenue growth, profit margin and future P/E that together support a similar fair value view to prior estimates. Valuation Changes Fair Value: Modelled fair value remains at A$1.50, unchanged from the prior estimate.
SUL
AU$13.96
Super Retail Group
7D
-4.2%
1Y
-0.6%

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$83.33
JB Hi-Fi
7D
-6.5%
1Y
-10.0%

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).
NCK
AU$18.02
Nick Scali
7D
-4.5%
1Y
8.6%
CCX
AU$0.11
City Chic Collective
7D
4.8%
1Y
-24.1%