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Australian (ASX) Consumer Discretionary Sector Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies91
  • 7D1.8%
  • 3M-12.9%
  • 1Y-6.5%
  • YTD-14.9%

Over the last 7 days, the Consumer Discretionary industry has remained flat, although notably Harvey Norman Holdings declined by 3.7%. As for the longer term, the industry has declined 7.6% in the last year. Looking forward, earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

Has the Australian Consumer Discretionary Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026AU$184.8bAU$129.0bAU$6.3b17.1x29.1x1.4x
Fri, 06 Mar 2026AU$190.3bAU$129.1bAU$6.3b17.6x30x1.5x
Sun, 01 Feb 2026AU$227.8bAU$131.1bAU$7.1b23.7x32.1x1.7x
Tue, 30 Dec 2025AU$228.9bAU$131.3bAU$7.1b23.7x32.1x1.7x
Thu, 27 Nov 2025AU$231.5bAU$131.2bAU$7.1b24.6x32.4x1.8x
Sat, 25 Oct 2025AU$242.3bAU$127.7bAU$6.6b25.8x36.9x1.9x
Mon, 22 Sep 2025AU$249.2bAU$128.4bAU$6.6b25.8x37.7x1.9x
Wed, 20 Aug 2025AU$243.1bAU$128.9bAU$3.9b26.8x62.9x1.9x
Fri, 18 Jul 2025AU$228.7bAU$129.5bAU$4.1b24.2x56.3x1.8x
Sun, 15 Jun 2025AU$225.5bAU$129.4bAU$4.1b20.7x54.9x1.7x
Tue, 13 May 2025AU$224.6bAU$129.4bAU$4.3b21.2x52.4x1.7x
Thu, 10 Apr 2025AU$199.2bAU$129.5bAU$4.6b19.1x43.4x1.5x
Sat, 08 Mar 2025AU$214.5bAU$129.6bAU$4.6b20.1x46.2x1.7x
Mon, 03 Feb 2025AU$231.4bAU$124.3bAU$4.0b20x57.5x1.9x
Wed, 01 Jan 2025AU$218.4bAU$127.0bAU$4.1b20.1x53.6x1.7x
Fri, 29 Nov 2024AU$219.3bAU$127.0bAU$4.1b21.3x53.8x1.7x
Sun, 27 Oct 2024AU$206.3bAU$127.0bAU$4.3b19.5x48.5x1.6x
Tue, 24 Sep 2024AU$214.9bAU$126.9bAU$4.8b19.9x44.7x1.7x
Thu, 22 Aug 2024AU$213.7bAU$125.3bAU$5.6b18.3x38.2x1.7x
Sat, 20 Jul 2024AU$204.9bAU$124.8bAU$5.8b16.7x35.5x1.6x
Mon, 17 Jun 2024AU$193.7bAU$124.4bAU$5.7b15.2x33.7x1.6x
Wed, 15 May 2024AU$192.2bAU$124.1bAU$5.7b16.7x33.9x1.5x
Fri, 12 Apr 2024AU$196.9bAU$124.2bAU$5.7b17.2x34.7x1.6x
Sun, 10 Mar 2024AU$201.0bAU$124.3bAU$5.7b17.8x35.5x1.6x
Tue, 06 Feb 2024AU$184.9bAU$122.2bAU$5.0b19.6x37.1x1.5x
Thu, 04 Jan 2024AU$191.6bAU$126.2bAU$4.4b18.5x43.4x1.5x
Sat, 02 Dec 2023AU$180.6bAU$126.2bAU$4.4b17.7x40.9x1.4x
Mon, 30 Oct 2023AU$174.2bAU$125.7bAU$4.0b18.6x43.7x1.4x
Wed, 27 Sep 2023AU$183.4bAU$125.7bAU$4.0b21.5x45.9x1.5x
Fri, 25 Aug 2023AU$184.0bAU$124.6bAU$4.9b13.9x37.4x1.5x
Sun, 23 Jul 2023AU$178.3bAU$122.0bAU$5.0b12.6x35.9x1.5x
Tue, 20 Jun 2023AU$175.7bAU$121.9bAU$5.0b12.5x35.1x1.4x
Thu, 18 May 2023AU$182.7bAU$121.4bAU$4.8b14.1x37.8x1.5x
Sat, 15 Apr 2023AU$183.8bAU$121.4bAU$4.8b14.5x38x1.5x
Price to Earnings Ratio

38x


Total Market Cap: AU$183.8bTotal Earnings: AU$4.8bTotal Revenue: AU$121.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Consumer Discretionary Sector Price to Earnings3Y Average 42x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Consumer Discretionary industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 28.8x which is lower than its 3-year average PE of 42.0x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have grown 9.5% per year over the last three years.
  • Revenues for these companies have grown 2.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

AU Market2.72%
Consumer Discretionary1.80%
Auto5.48%
Luxury3.95%
Consumer Durables3.88%
Retail Distributors3.23%
Hospitality2.63%
Leisure1.77%
General Merchandise and Department Stores1.59%
Specialty Stores1.01%
Consumer Services0.76%
Online Retail and Ecommerce0%0
Auto Components-1.13%
Industry PE
  • Investors are most optimistic about the Auto Components industry which is trading above its 3-year average PE ratio of 50.4x.
    • Analysts are expecting annual earnings growth of 24.5%, which is higher than its past year's earnings decline of 13.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Services industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 0.9% per year.
  • In contrast, the General Merchandise and Department Stores industry is expected to see its earnings grow by 5.8% 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
WES WesfarmersAU$76.774.5%
+AU$3.8b		9.4%PE28.5x
ALL Aristocrat LeisureAU$48.353.6%
+AU$1.2b		-19.5%PE24.8x
GYG Guzman y GomezAU$20.2529.1%
+AU$461.5m		-36.3%PE115.4x
TLC LotteryAU$5.523.0%
+AU$355.9m		12.7%PE33.8x
JBH JB Hi-FiAU$76.233.9%
+AU$309.4m		-15.6%PE17.3x

Latest News

BRG
AU$28.84
Breville Group
7D
4.0%
1Y
10.8%
GYG
AU$20.25
Guzman y Gomez
7D
29.1%
1Y
-36.3%

GYG: Rebased Fair Value Will Support Neutral Ratings And Premium P/E Over Time

The analyst price target for Guzman y Gomez has shifted lower from about A$26.41 to A$21.66, as analysts point to more conservative revenue growth assumptions, a slightly higher discount rate, and updated P/E expectations in line with recent Neutral and Sector Perform ratings, which are around A$18.50 to A$19. Analyst Commentary Recent Street research on Guzman y Gomez reflects a more balanced stance, with price targets concentrated in the A$18.50 to A$19 range.
WES
AU$76.77
Wesfarmers
7D
4.5%
1Y
9.4%

WES: Neutral Stance And Execution Risks Will Restrain Future P/E Upside

The analyst price target for Wesfarmers has been trimmed by about A$1 to reflect a slightly lower fair value and P/E multiple, with analysts pointing to updated models and recent neutral views in the wider market as key drivers of the change. Analyst Commentary Recent Street views on Wesfarmers sit on the cautious side, with the trimmed price target and lower implied P/E multiple fitting into a broader pattern of restraint from Bearish analysts.
JBH
AU$76.23
JB Hi-Fi
7D
3.9%
1Y
-15.6%

JBH: Future Dividend Timetable Will Support Long Term Global Demand

Analysts have reduced their price target for JB Hi-Fi from A$122.00 to about A$118.18. This reflects updated assumptions that include a modestly higher discount rate, a lower revenue growth outlook, broadly similar profit margins, and a slightly reduced future P/E multiple.
PFP
AU$3.99
Propel Funeral Partners
7D
-2.9%
1Y
-21.0%
LOV
AU$24.04
Lovisa Holdings
7D
10.5%
1Y
9.7%

LOV: Future Dividend Stream And Moderate P/E Should Support Upside Returns

The analyst price target for Lovisa Holdings has been reduced by A$2.00 to A$24.00. Analysts now apply slightly higher discount rates and more moderate assumptions for revenue growth, profit margins and future P/E multiples.
AGI
AU$0.99
Ainsworth Game Technology
7D
-7.5%
1Y
30.3%
AX1
AU$0.72
Accent Group
7D
-4.0%
1Y
-57.1%

AX1: Index Removal And 2026 EBIT Guidance Will Support Undervalued Upside

Analysts have raised their Accent Group price target to A$1.30 from A$1.20, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Accent Group Limited was dropped from the S&P/ASX 300 Index, removing the stock from this broader Australian equity benchmark (Key Developments).
APE
AU$24.00
Eagers Automotive
7D
-2.6%
1Y
57.8%

APE: Stable Assumptions Support Future Re Rating Potential

Analysts have left their A$32.00 price target on Eagers Automotive unchanged, pointing to relatively stable assumptions around discount rate, revenue growth, profit margin, and future P/E as the key drivers behind maintaining their view. Valuation Changes Fair Value: A$32.00 remains unchanged, indicating a steady central estimate for Eagers Automotive's share value under the current assumptions.
IEL
AU$4.18
IDP Education
7D
-2.6%
1Y
-49.8%

IEL: Student Volume Recovery And 2026 Dividend Payout Will Restore Market Confidence

Analysts have trimmed their fair value estimate for IDP Education, nudging the implied price target slightly lower to around A$6.80. This reflects a modestly higher discount rate, slightly adjusted revenue growth and profit margin assumptions, and a small reset in future P/E expectations in light of recent, mixed broker research, including a Neutral resumption at A$4.90.
ALL
AU$48.35
Aristocrat Leisure
7D
3.6%
1Y
-19.5%

ALL: Expanded Buyback And Steady Margins Will Support Future Earnings Resilience

Narrative Update on Aristocrat Leisure Analysts have trimmed the price target on Aristocrat Leisure to A$66.40 from A$67.07, reflecting slightly lower fair value and future P/E assumptions, while revenue growth and profit margin forecasts remain broadly unchanged. Analyst Commentary Recent research points to a more measured stance on Aristocrat Leisure, with the trimmed price target reflecting modest adjustments rather than a wholesale change in thesis.
DMP
AU$18.00
Domino's Pizza Enterprises
7D
10.2%
1Y
-31.1%

DMP: Future Earnings Resilience Will Be Driven By Identified Cost Savings

Narrative Update The analyst price target for Domino's Pizza Enterprises has shifted to A$21.75 from A$21.23. This change reflects analysts' mixed views, balancing operational risks and soft like-for-like sales against solid recent earnings, identified cost savings of A$15–A$25 million, and revised expectations for revenue, profit margins, and future P/E multiples.
PWR
AU$1.33
Peter Warren Automotive Holdings
7D
-5.4%
1Y
4.3%

PWR: Fully Franked Dividend Will Support Constructive Forward Return Potential

Analysts have raised their price target for Peter Warren Automotive Holdings slightly to A$1.65 from A$1.65, citing minor adjustments to fair value, revenue growth, profit margin and future P/E assumptions. What's in the News Directors declared an ordinary fully franked interim dividend of 3.0 cents per share for the six months ended 31 December 2025, compared with 1.6 cents per share for H1 FY25 (company announcement).
UNI
AU$7.32
Universal Store Holdings
7D
-5.8%
1Y
6.7%
TLC
AU$5.52
Lottery
7D
3.0%
1Y
12.7%
SIO
AU$0.13
Simonds Group
7D
-21.2%
1Y
-23.5%