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Australian (ASX) Specialty Stores Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies26
  • 7D-2.2%
  • 3M-23.8%
  • 1Y-16.1%
  • YTD-23.3%

Over the last 7 days, the Specialty Stores industry has dropped 2.2%, driven by declines in JB Hi-Fi and Super Retail Group of 1.3% and 3.5%, respectively. Meanwhile, Eagers Automotive actually outperformed within the industry, gaining 9.9% in the last week. The industry has fallen 16% 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
Wed, 25 Mar 2026AU$27.1bAU$43.2bAU$1.4b14.9x19.5x0.6x
Fri, 20 Feb 2026AU$32.7bAU$41.7bAU$1.4b22x22.7x0.8x
Sun, 18 Jan 2026AU$35.2bAU$41.2bAU$1.4b21.5x24.7x0.9x
Tue, 16 Dec 2025AU$34.9bAU$41.2bAU$1.4b22.2x24.5x0.8x
Thu, 13 Nov 2025AU$40.2bAU$41.2bAU$1.4b23.2x28.2x1x
Sat, 11 Oct 2025AU$43.0bAU$41.2bAU$1.4b25.9x30.1x1x
Mon, 08 Sep 2025AU$42.3bAU$42.0bAU$1.5b26x27.9x1x
Wed, 06 Aug 2025AU$38.2bAU$40.1bAU$1.5b21.9x25x1x
Fri, 04 Jul 2025AU$35.3bAU$40.1bAU$1.5b20.6x23.1x0.9x
Sun, 01 Jun 2025AU$35.3bAU$40.1bAU$1.5b20.4x23.1x0.9x
Tue, 29 Apr 2025AU$33.0bAU$40.1bAU$1.5b19.7x21.6x0.8x
Thu, 27 Mar 2025AU$31.7bAU$40.1bAU$1.5b19.4x20.8x0.8x
Sat, 22 Feb 2025AU$32.6bAU$39.2bAU$1.6b16.3x20.2x0.8x
Mon, 20 Jan 2025AU$32.7bAU$38.5bAU$1.6b17.2x20x0.9x
Wed, 18 Dec 2024AU$34.1bAU$38.5bAU$1.6b17.9x20.8x0.9x
Fri, 15 Nov 2024AU$33.0bAU$38.5bAU$1.6b17.5x20.2x0.9x
Sun, 13 Oct 2024AU$33.7bAU$38.5bAU$1.6b17.2x20.5x0.9x
Tue, 10 Sep 2024AU$32.2bAU$38.5bAU$1.7b15.9x19.4x0.8x
Thu, 08 Aug 2024AU$29.4bAU$37.3bAU$1.8b16.1x16.7x0.8x
Sat, 06 Jul 2024AU$27.6bAU$37.3bAU$1.8b13.9x15.7x0.7x
Mon, 03 Jun 2024AU$28.0bAU$37.3bAU$1.8b14x15.9x0.8x
Wed, 01 May 2024AU$30.3bAU$37.3bAU$1.8b14.9x17.2x0.8x
Fri, 29 Mar 2024AU$32.8bAU$37.3bAU$1.8b15.4x18.6x0.9x
Sun, 25 Feb 2024AU$31.2bAU$37.3bAU$1.8b13.9x17.3x0.8x
Tue, 23 Jan 2024AU$28.6bAU$36.7bAU$1.9b12.5x15.1x0.8x
Thu, 21 Dec 2023AU$28.3bAU$36.7bAU$1.9b11.8x14.9x0.8x
Sat, 18 Nov 2023AU$25.1bAU$36.7bAU$1.9b10.8x13.2x0.7x
Mon, 16 Oct 2023AU$24.9bAU$36.7bAU$1.9b10.8x13.1x0.7x
Wed, 13 Sep 2023AU$25.2bAU$36.7bAU$1.9b10.5x13.1x0.7x
Fri, 11 Aug 2023AU$24.7bAU$35.9bAU$2.1b10.2x12x0.7x
Sun, 09 Jul 2023AU$23.1bAU$35.7bAU$2.0b8.7x11.4x0.6x
Tue, 06 Jun 2023AU$22.7bAU$35.7bAU$2.0b8.4x11.2x0.6x
Thu, 04 May 2023AU$25.5bAU$35.7bAU$2.0b10.4x12.5x0.7x
Sat, 01 Apr 2023AU$24.5bAU$35.8bAU$2.1b8.9x11.8x0.7x
Price to Earnings Ratio

11.8x


Total Market Cap: AU$24.5bTotal Earnings: AU$2.1bTotal Revenue: AU$35.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Specialty Stores Industry Price to Earnings3Y Average 18.9x202420252026
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 18.9x.
  • 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 13% 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-2.84%
Consumer Discretionary-2.15%
Specialty Stores-2.16%
Automotive Retail1.22%
Home Furnishing Retail-1.67%
Specialty Stores-3.17%
Apparel Retail-3.39%
Computer and Electronics Retail-3.79%
Home Improvement Retail-5.06%
Industry PE
  • Investors are most optimistic about the Automotive Retail industry which is trading above its 3-year average PE ratio of 16.1x.
    • Analysts are expecting annual earnings growth of 16.2%, 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 19.4x.
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 3.9% 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
APE Eagers AutomotiveAU$22.839.9%
+AU$578.5m		41.9%PE28.4x
LOV Lovisa HoldingsAU$22.478.2%
+AU$189.4m		-10.1%PE28.3x
NCK Nick ScaliAU$16.011.2%
+AU$16.3m		-2.3%PE20x
PMV Premier InvestmentsAU$12.850.5%
+AU$9.6m		-38.2%PE14.2x
TPW Temple & Webster GroupAU$6.731.1%
+AU$7.7m		-59.4%PE97.7x

Latest News

BBN
AU$1.59
Baby Bunting Group
7D
-9.1%
1Y
-16.3%

BBN: Higher Required Return Will Align With Improved Margin Outlook

Analysts have raised their Baby Bunting Group price target slightly to A$3.18 from A$3.10, citing updated assumptions for revenue growth and profit margins, as well as a lower future P/E multiple despite a higher discount rate in their models. Valuation Changes Fair Value: increased slightly from A$3.10 to A$3.18 per share.
BLX
AU$1.65
Beacon Lighting Group
7D
-8.1%
1Y
-50.2%

BLX: Higher Required Return Will Support Future Margin And P/E Appeal

Analysts have maintained their A$2.92 price target for Beacon Lighting Group, with small tweaks to the discount rate, revenue growth, profit margin and assumed future P/E resulting in a broadly unchanged valuation outlook. Valuation Changes Fair Value: A$2.92 remains unchanged, indicating a stable central valuation estimate.
TPW
AU$6.73
Temple & Webster Group
7D
1.1%
1Y
-59.4%

TPW: Reset Multiples And Margin Discipline Will Support Constructive Rerating Path

Analysts have reduced their price target for Temple & Webster Group to about A$21.23 from roughly A$26.23 as updated assumptions for revenue growth, profit margins and future P/E multiples are incorporated into their models. Analyst Commentary Recent research points to a cluster of bullish analysts who remain constructive on Temple & Webster Group despite the lower consensus price target.
LOV
AU$22.47
Lovisa Holdings
7D
8.2%
1Y
-10.1%
PMV
AU$12.85
Premier Investments
7D
0.5%
1Y
-38.2%
SUL
AU$13.06
Super Retail Group
7D
-3.5%
1Y
-1.2%

SUL: Stable Margins And P E Outlook Will Support Future Upside

Analysts have kept their A$16.40 fair value estimate for Super Retail Group steady, with only minor model tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions informing a largely unchanged view on the stock’s valuation. Valuation Changes Fair Value: A$16.40 fair value estimate is unchanged, reflecting a consistent overall valuation view.
JBH
AU$75.59
JB Hi-Fi
7D
-1.3%
1Y
-20.6%

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

Analysts have revised their price target for JB Hi-Fi to around A$62 per share. The refreshed view reflects updated assumptions on the discount rate, modest revenue growth expectations, profit margins, and a slightly lower future P/E multiple.
ADH
AU$1.39
Adairs
7D
-6.4%
1Y
-38.5%
AX1
AU$0.80
Accent Group
7D
-11.1%
1Y
-55.4%

AX1: H2 FY26 Guidance And Dividend Will Support A Positive Outlook

Analysts have kept Accent Group's fair value estimate at A$1.04 per share, with small shifts in discount rate, revenue growth, profit margin and future P/E assumptions underpinning a steady price target instead of a clear move higher or lower. What's in the News Accent Group confirmed earnings guidance for the second half of fiscal 2026, with H2 FY26 EBIT expected in a range of $30 million to $35 million (company guidance).
APE
AU$22.83
Eagers Automotive
7D
9.9%
1Y
41.9%

APE: Index Inclusion Will Support Future Re Rating Potential

Analysts have maintained their A$32.00 price target for Eagers Automotive, noting that minor changes to assumptions for the discount rate, revenue growth, profit margin and future P/E largely offset one another in their valuation analysis. What's in the News Eagers Automotive Limited (ASX:APE) has been added to the S&P/ASX 100 Index, placing the company in a larger benchmark that is followed by many institutional investors (Key Developments).
NCK
AU$16.01
Nick Scali
7D
1.2%
1Y
-2.3%
MHJ
AU$0.41
Michael Hill International
7D
-10.0%
1Y
-4.7%

MHJ: Future EBIT Guidance Will Support Confidence In Earnings Upside

Analysts have maintained their A$0.75 price target for Michael Hill International, citing a slightly lower discount rate, a marginally different revenue growth outlook, a higher profit margin assumption, and a reduced future P/E multiple as the key inputs behind the refreshed view. What's in the News Michael Hill International is hosting an Analyst and Investor Day, giving the market a fresh look at management priorities and operational focus areas (Key Developments).
UNI
AU$8.10
Universal Store Holdings
7D
-4.0%
1Y
0.7%