Narrative Update • May 10
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Australian (ASX) Specialty Stores Industry Analysis
UpdatedMay 11, 2026
DataAggregated Company Financials
Companies26
- 7D-4.1%
- 3M-18.7%
- 1Y-23.7%
- YTD-23.3%
Over the last 7 days, the Specialty Stores industry has dropped 4.1%, driven by JB Hi-Fi declining 6.1%. Meanwhile, Temple & Webster Group actually outperformed within the industry, gaining 7.0% in the last week. However, the industry is down 24% 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 11 May 2026 | AU$27.2b | AU$43.2b | AU$1.4b | 13.8x | 19.5x | 0.6x |
| Wed, 08 Apr 2026 | AU$27.5b | AU$43.2b | AU$1.4b | 14.5x | 19.8x | 0.6x |
| Fri, 06 Mar 2026 | AU$29.0b | AU$43.2b | AU$1.4b | 16.7x | 20.9x | 0.7x |
| Sun, 01 Feb 2026 | AU$33.6b | AU$41.2b | AU$1.4b | 21.4x | 23.5x | 0.8x |
| Tue, 30 Dec 2025 | AU$35.2b | AU$41.2b | AU$1.4b | 22.6x | 24.7x | 0.9x |
| Thu, 27 Nov 2025 | AU$38.3b | AU$41.2b | AU$1.4b | 23x | 26.9x | 0.9x |
| Sat, 25 Oct 2025 | AU$41.6b | AU$41.2b | AU$1.4b | 23.3x | 29.2x | 1x |
| Mon, 22 Sep 2025 | AU$42.3b | AU$42.0b | AU$1.5b | 25.7x | 27.9x | 1x |
| Wed, 20 Aug 2025 | AU$39.6b | AU$40.6b | AU$1.5b | 23.6x | 25.9x | 1x |
| Fri, 18 Jul 2025 | AU$37.3b | AU$42.7b | AU$1.6b | 23.7x | 24.1x | 0.9x |
| Sun, 15 Jun 2025 | AU$35.2b | AU$40.1b | AU$1.5b | 20.1x | 23.1x | 0.9x |
| Tue, 13 May 2025 | AU$34.7b | AU$40.1b | AU$1.5b | 21.3x | 22.7x | 0.9x |
| Thu, 10 Apr 2025 | AU$29.6b | AU$40.1b | AU$1.5b | 18.6x | 19.4x | 0.7x |
| Sat, 08 Mar 2025 | AU$31.6b | AU$40.1b | AU$1.5b | 19.3x | 20.4x | 0.8x |
| Mon, 03 Feb 2025 | AU$35.3b | AU$38.5b | AU$1.6b | 17.2x | 21.5x | 0.9x |
| Wed, 01 Jan 2025 | AU$33.6b | AU$38.5b | AU$1.6b | 18.6x | 20.5x | 0.9x |
| Fri, 29 Nov 2024 | AU$33.1b | AU$38.5b | AU$1.6b | 17.3x | 20.2x | 0.9x |
| Sun, 27 Oct 2024 | AU$32.1b | AU$38.5b | AU$1.6b | 17.8x | 19.6x | 0.8x |
| Tue, 24 Sep 2024 | AU$33.1b | AU$38.5b | AU$1.7b | 17.2x | 20x | 0.9x |
| Thu, 22 Aug 2024 | AU$32.4b | AU$37.4b | AU$1.7b | 16.8x | 18.8x | 0.9x |
| Sat, 20 Jul 2024 | AU$29.3b | AU$37.3b | AU$1.8b | 16.1x | 16.6x | 0.8x |
| Mon, 17 Jun 2024 | AU$28.2b | AU$37.3b | AU$1.8b | 14.1x | 16x | 0.8x |
| Wed, 15 May 2024 | AU$29.1b | AU$37.3b | AU$1.8b | 14.4x | 16.6x | 0.8x |
| Fri, 12 Apr 2024 | AU$31.5b | AU$37.3b | AU$1.8b | 15.1x | 17.9x | 0.8x |
| Sun, 10 Mar 2024 | AU$31.0b | AU$37.3b | AU$1.8b | 14x | 17.7x | 0.8x |
| Tue, 06 Feb 2024 | AU$28.2b | AU$36.0b | AU$1.9b | 13.2x | 14.9x | 0.8x |
| Thu, 04 Jan 2024 | AU$27.9b | AU$36.7b | AU$1.9b | 11.7x | 14.7x | 0.8x |
| Sat, 02 Dec 2023 | AU$25.5b | AU$36.7b | AU$1.9b | 11.1x | 13.5x | 0.7x |
| Mon, 30 Oct 2023 | AU$23.5b | AU$36.7b | AU$1.9b | 10.8x | 12.4x | 0.6x |
| Wed, 27 Sep 2023 | AU$24.7b | AU$36.7b | AU$1.9b | 10.6x | 12.8x | 0.7x |
| Fri, 25 Aug 2023 | AU$25.3b | AU$36.9b | AU$1.9b | 10.4x | 13.2x | 0.7x |
| Sun, 23 Jul 2023 | AU$23.9b | AU$35.7b | AU$2.0b | 9.1x | 11.7x | 0.7x |
| Tue, 20 Jun 2023 | AU$22.2b | AU$35.7b | AU$2.0b | 8.2x | 10.9x | 0.6x |
| Thu, 18 May 2023 | AU$25.1b | AU$35.7b | AU$2.0b | 9.4x | 12.3x | 0.7x |
Price to Earnings Ratio
12.3x
Current Industry PE
- Investors are relatively neutral on the Australian Specialty Retail industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 19.2x.
- The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
- The earnings for companies in the Specialty Retail industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.5% 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 Market | 0.20% | |
| Consumer Discretionary | -2.60% | |
| Specialty Stores | -4.11% | |
| Home Improvement Retail | 12.42% | |
| Home Furnishing Retail | 0.48% | |
| Apparel Retail | -1.91% | |
| Automotive Retail | -4.50% | |
| Specialty Stores | -4.62% | |
| Computer and Electronics Retail | -6.10% | |
Industry PE
- Investors are most optimistic about the Automotive Retail industry which is trading above its 3-year average PE ratio of 17.0x.
- Analysts are expecting annual earnings growth of 16.5%, which is higher than its past year's earnings growth of 13.4% per year.
- Investors are most pessimistic about the Home Improvement Retail industry, which is trading below its 3-year average of 19.5x.
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 growth rate of 12% per year.
- In contrast, the Computer and Electronics Retail industry is expected to see its earnings grow by 3.2% 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 | |
|---|---|---|---|---|---|
| BLX Beacon Lighting Group | AU$1.72 | 14.3% +AU$49.3m | -48.8% | PE13.9x | |
| LOV Lovisa Holdings | AU$22.93 | 1.0% +AU$25.5m | -16.0% | PE28.9x | |
| TPW Temple & Webster Group | AU$5.66 | 3.7% +AU$23.5m | -70.2% | PE82.1x | |
| PMV Premier Investments | AU$12.23 | 1.0% +AU$19.2m | -42.5% | PE13.5x | |
| AX1 Accent Group | AU$0.56 | 3.7% +AU$12.0m | -70.9% | PE8.7x |
