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Australian (ASX) Consumer Discretionary Sector Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies92
  • 7D2.8%
  • 3M-6.2%
  • 1Y3.8%
  • YTD1.4%

In the last week, the Consumer Discretionary industry is up 2.8%, with Wesfarmers up 2.8%. This takes the industry's 12 month performance to a gain of 3.8%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 Jan 2026AU$232.9bAU$131.3bAU$7.1b25.1x32.7x1.8x
Fri, 12 Dec 2025AU$226.5bAU$131.3bAU$7.1b23.1x31.8x1.7x
Sun, 09 Nov 2025AU$225.5bAU$127.7bAU$6.6b26x34.3x1.8x
Tue, 07 Oct 2025AU$246.9bAU$127.7bAU$6.6b26.4x37.6x1.9x
Thu, 04 Sep 2025AU$243.7bAU$131.0bAU$6.6b26.2x36.7x1.9x
Sat, 02 Aug 2025AU$232.3bAU$128.6bAU$4.1b24.5x57.3x1.8x
Mon, 30 Jun 2025AU$224.5bAU$129.5bAU$4.1b22.3x55.2x1.7x
Wed, 28 May 2025AU$225.1bAU$129.6bAU$4.2b22.5x54x1.7x
Fri, 25 Apr 2025AU$213.3bAU$129.4bAU$4.3b20.2x49.8x1.6x
Sun, 23 Mar 2025AU$210.3bAU$129.5bAU$4.6b20.6x45.8x1.6x
Tue, 18 Feb 2025AU$236.4bAU$127.7bAU$4.1b19.9x58.1x1.9x
Thu, 16 Jan 2025AU$216.5bAU$127.0bAU$4.1b19.4x53.2x1.7x
Sat, 14 Dec 2024AU$221.7bAU$127.0bAU$4.1b21x54.4x1.7x
Mon, 11 Nov 2024AU$210.4bAU$127.0bAU$4.3b20.7x49.5x1.7x
Wed, 09 Oct 2024AU$211.8bAU$127.0bAU$4.3b19.4x49.8x1.7x
Fri, 06 Sep 2024AU$207.4bAU$127.2bAU$4.8b20x43.2x1.6x
Sun, 04 Aug 2024AU$206.8bAU$124.8bAU$5.8b16.8x35.9x1.7x
Tue, 02 Jul 2024AU$194.4bAU$124.4bAU$5.8b15.8x33.7x1.6x
Thu, 30 May 2024AU$185.3bAU$124.4bAU$5.7b15.4x32.3x1.5x
Sat, 27 Apr 2024AU$188.3bAU$124.2bAU$5.7b17.1x33.2x1.5x
Mon, 25 Mar 2024AU$199.8bAU$124.2bAU$5.6b17.6x35.4x1.6x
Wed, 21 Feb 2024AU$194.5bAU$122.4bAU$5.0b20x39x1.6x
Fri, 19 Jan 2024AU$192.7bAU$126.2bAU$4.4b18.5x43.6x1.5x
Sun, 17 Dec 2023AU$188.9bAU$126.2bAU$4.4b18.1x42.8x1.5x
Tue, 14 Nov 2023AU$181.9bAU$125.7bAU$4.0b18.9x45.6x1.4x
Thu, 12 Oct 2023AU$183.3bAU$125.7bAU$4.0b21.1x46x1.5x
Sat, 09 Sep 2023AU$185.4bAU$125.7bAU$4.0b20.3x46.1x1.5x
Mon, 07 Aug 2023AU$182.7bAU$122.0bAU$5.0b13.1x36.8x1.5x
Wed, 05 Jul 2023AU$177.9bAU$122.0bAU$5.0b12.5x35.8x1.5x
Fri, 02 Jun 2023AU$172.8bAU$121.9bAU$5.0b13.5x34.5x1.4x
Sun, 30 Apr 2023AU$184.6bAU$121.4bAU$4.8b14.5x38.1x1.5x
Tue, 28 Mar 2023AU$176.6bAU$121.4bAU$4.9b13.9x35.8x1.5x
Thu, 23 Feb 2023AU$178.7bAU$118.5bAU$6.0b15x30x1.5x
Sat, 21 Jan 2023AU$178.9bAU$111.6bAU$5.5b15.6x32.3x1.6x
Price to Earnings Ratio

32.3x


Total Market Cap: AU$178.9bTotal Earnings: AU$5.5bTotal Revenue: AU$111.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Consumer Discretionary Sector Price to Earnings3Y Average 42.4x202420252026
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 32.7x which is lower than its 3-year average PE of 42.4x.
  • The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have grown 8.7% per year over the last three years.
  • Revenues for these companies have grown 5.6% 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 Market0.73%
Consumer Discretionary2.85%
Retail Distributors6.90%
Hospitality5.46%
Auto Components4.47%
Leisure3.88%
Consumer Durables3.06%
Consumer Services2.93%
General Merchandise and Department Stores1.34%
Specialty Stores1.14%
Auto0%0
Online Retail and Ecommerce0%0
Luxury-1.02%
Industry PE
  • Investors are most optimistic about the Auto Components industry which is trading above its 3-year average PE ratio of 43.7x.
    • Analysts are expecting annual earnings growth of 23.0%, which is higher than its past year's earnings decline of 3.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Auto Components industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 3.4% 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$82.002.8%
+AU$2.5b		15.9%PE31.8x
LNW Light & WonderAU$180.3116.0%
+AU$2.0b		30.7%PE24.1x
ALL Aristocrat LeisureAU$56.813.0%
+AU$1.0b		-19.6%PE29.5x
APE Eagers AutomotiveAU$26.416.9%
+AU$482.8m		123.4%PE35.9x
DMP Domino's Pizza EnterprisesAU$22.897.9%
+AU$158.9m		-21.9%PS0.9x

Latest News

LNW
AU$180.31
Light & Wonder
7D
16.0%
1Y
30.7%
DMP
AU$22.89
Domino's Pizza Enterprises
7D
7.9%
1Y
-21.9%

DMP: Takeover Hopes Will Likely Fade As Execution Risks Reassert Themselves

Analysts have lifted their price target for Domino's Pizza Enterprises from A$13.25 to A$19.85. They cited a more balanced view on equity raise risks, relatively stable recent trading and ongoing takeover speculation.
JBH
AU$90.51
JB Hi-Fi
7D
-3.7%
1Y
-4.6%
WES
AU$82.00
Wesfarmers
7D
2.8%
1Y
15.9%

WES: Higher Assumed P/E Will Test Execution And Margin Resilience

Analysts have increased their fair value estimate for Wesfarmers to A$60.19 from A$59.41, reflecting updated assumptions for revenue growth, profit margins and a slightly richer future P/E multiple. Analyst Commentary Analysts framing Wesfarmers around the updated A$60.19 fair value are broadly focused on how much investors are being asked to pay for a diversified earnings stream that still needs to deliver against expectations for revenue growth and margins.
SUL
AU$14.67
Super Retail Group
7D
-3.7%
1Y
-4.7%

SUL: Leadership Upheaval And New CEO Appointment Will Pressure Earnings Multiple

Analysts have trimmed their price target on Super Retail Group slightly to around A$12.60, reflecting subtle adjustments to their assumptions on discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Super Retail Group appointed Paul Bradshaw, currently managing director of its BCF chain, as CEO effective November 1, 2025, following his leadership roles in operations, strategy and store development across Australia and the UK (Key Developments).
HVN
AU$6.74
Harvey Norman Holdings
7D
-2.3%
1Y
44.9%

Little Excitement Around Harvey Norman Holdings Limited's (ASX:HVN) Earnings

Jan 09
Little Excitement Around Harvey Norman Holdings Limited's (ASX:HVN) Earnings
TAH
AU$0.99
Tabcorp Holdings
7D
5.3%
1Y
67.2%
PMV
AU$13.30
Premier Investments
7D
-0.9%
1Y
-51.5%

Premier Investments Limited's (ASX:PMV) Intrinsic Value Is Potentially 58% Above Its Share Price

Jan 06
Premier Investments Limited's (ASX:PMV) Intrinsic Value Is Potentially 58% Above Its Share Price
CTT
AU$0.81
Cettire
7D
-8.4%
1Y
-36.8%

CTT: Higher Margins And Revenue Assumptions Will Support Future Share Upside

Analysts have raised their price target on Cettire by a small amount, reflecting updated assumptions that include a slightly lower discount rate, modestly higher revenue growth and profit margin expectations, and a marginally lower future P/E multiple. Valuation Changes Fair Value: Modelled fair value multiple is unchanged at 1.01x.
APE
AU$26.41
Eagers Automotive
7D
6.9%
1Y
123.4%

APE: Index Promotion And Equity Raise Will Face Margin Pressure

Analysts have raised their price target for Eagers Automotive from A$14.43 to A$19.73, citing higher assumed revenue growth and a higher future P/E multiple, partly offset by a slightly higher discount rate and lower profit margin expectations. What's in the News Eagers Automotive Limited (ASX:APE) has been added to the S&P/ASX 100 Index, bringing the stock into a larger cap benchmark followed by many institutional investors (index announcement).
ALL
AU$56.81
Aristocrat Leisure
7D
3.0%
1Y
-19.6%

ALL: Calmer Operating Backdrop And Rising Dividend Will Support Stronger Returns

Analysts have modestly raised their price target on Aristocrat Leisure to $72.81, citing an updated risk outlook and relatively calm operating conditions that, similar to recent insurance sector commentary, have not materially disrupted earnings expectations. Analyst Commentary Recent commentary from bullish analysts indicates that the modest price target uplift for Aristocrat Leisure is supported by a more stable macro backdrop, particularly when compared with sectors that are highly sensitive to catastrophic events and sudden claims volatility.
IEL
AU$5.99
IDP Education
7D
8.5%
1Y
-50.9%
SNL
AU$35.49
Supply Network
7D
10.7%
1Y
4.7%

A Look At The Fair Value Of Supply Network Limited (ASX:SNL)

Dec 22
A Look At The Fair Value Of Supply Network Limited (ASX:SNL)
ABY
AU$1.16
Adore Beauty Group
7D
-10.5%
1Y
25.5%

Investors Appear Satisfied With Adore Beauty Group Limited's (ASX:ABY) Prospects

Dec 18
Investors Appear Satisfied With Adore Beauty Group Limited's (ASX:ABY) Prospects
WEB
AU$4.61
Web Travel Group
7D
-0.6%
1Y
1.5%

After Leaping 25% Web Travel Group Limited (ASX:WEB) Shares Are Not Flying Under The Radar

Dec 08
After Leaping 25% Web Travel Group Limited (ASX:WEB) Shares Are Not Flying Under The Radar
CEH
AU$0.52
Coast Entertainment Holdings
7D
-5.5%
1Y
13.0%