Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Consumer Discretionary Sector Analysis

UpdatedAug 02, 2026
DataAggregated Company Financials
Companies93
  • 7D4.5%
  • 3M16.6%
  • 1Y-5.8%
  • YTD-0.5%

The Consumer Discretionary industry is up 4.5% in the last week, with Wesfarmers up 2.4%. During this same period, the Myer Holdings underperformed, falling 16%. However, the industry is down 5.8% over the past year. Earnings are forecast to grow by 9.8% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 03 Aug 2026AU$215.3bAU$129.0bAU$6.7b18x32.1x1.7x
Wed, 01 Jul 2026AU$212.5bAU$129.0bAU$6.7b17.4x31.8x1.6x
Fri, 29 May 2026AU$187.7bAU$128.9bAU$6.7b17x28x1.5x
Sun, 26 Apr 2026AU$186.1bAU$129.0bAU$6.3b17.3x29.3x1.4x
Tue, 24 Mar 2026AU$183.0bAU$129.0bAU$6.3b16.9x28.8x1.4x
Thu, 19 Feb 2026AU$228.3bAU$131.8bAU$7.1b20.7x32x1.7x
Sat, 17 Jan 2026AU$234.2bAU$131.3bAU$7.1b25.1x32.9x1.8x
Mon, 15 Dec 2025AU$226.0bAU$131.3bAU$7.1b23x31.7x1.7x
Wed, 12 Nov 2025AU$228.1bAU$127.7bAU$6.6b26.9x34.7x1.8x
Fri, 10 Oct 2025AU$241.7bAU$127.7bAU$6.6b25.2x36.8x1.9x
Sun, 07 Sep 2025AU$249.9bAU$131.0bAU$6.6b26.2x37.6x1.9x
Tue, 05 Aug 2025AU$232.0bAU$128.6bAU$4.1b24.3x57.2x1.8x
Thu, 03 Jul 2025AU$229.2bAU$129.5bAU$4.1b22.8x56.4x1.8x
Sat, 31 May 2025AU$224.4bAU$129.5bAU$4.1b22.3x54.7x1.7x
Mon, 28 Apr 2025AU$213.3bAU$129.4bAU$4.3b20.2x49.8x1.6x
Wed, 26 Mar 2025AU$212.5bAU$129.5bAU$4.6b20.4x46.3x1.6x
Fri, 21 Feb 2025AU$231.3bAU$128.5bAU$4.7b19.9x48.9x1.8x
Sun, 19 Jan 2025AU$218.0bAU$127.0bAU$4.1b19.7x53.6x1.7x
Tue, 17 Dec 2024AU$221.3bAU$127.0bAU$4.1b20.5x54.3x1.7x
Thu, 14 Nov 2024AU$212.4bAU$127.1bAU$4.0b20.2x52.5x1.7x
Sat, 12 Oct 2024AU$214.0bAU$127.0bAU$4.3b19.4x50.3x1.7x
Mon, 09 Sep 2024AU$209.4bAU$127.2bAU$4.8b19.7x43.7x1.6x
Wed, 07 Aug 2024AU$201.9bAU$124.8bAU$5.8b16.4x35x1.6x
Fri, 05 Jul 2024AU$194.7bAU$124.8bAU$5.8b15.8x33.8x1.6x
Sun, 02 Jun 2024AU$188.4bAU$124.4bAU$5.7b15.2x32.9x1.5x
Tue, 30 Apr 2024AU$190.5bAU$124.1bAU$5.7b17.3x33.6x1.5x
Thu, 28 Mar 2024AU$200.6bAU$124.2bAU$5.6b17.4x35.5x1.6x
Sat, 24 Feb 2024AU$196.2bAU$124.0bAU$4.3b20.4x45.3x1.6x
Mon, 22 Jan 2024AU$194.8bAU$126.2bAU$4.4b18.7x44.1x1.5x
Wed, 20 Dec 2023AU$191.4bAU$126.2bAU$4.4b18.5x43.3x1.5x
Fri, 17 Nov 2023AU$184.2bAU$126.1bAU$4.4b17.7x42.3x1.5x
Sun, 15 Oct 2023AU$182.1bAU$125.7bAU$4.0b21.1x45.7x1.4x
Tue, 12 Sep 2023AU$185.6bAU$125.7bAU$4.0b20.4x46.2x1.5x
Thu, 10 Aug 2023AU$183.2bAU$122.0bAU$5.0b13.5x36.9x1.5x
Price to Earnings Ratio

36.9x


Total Market Cap: AU$183.2bTotal Earnings: AU$5.0bTotal Revenue: AU$122.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Consumer Discretionary Sector Price to Earnings3Y Average 41.3x202420252026
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 32.1x which is lower than its 3-year average PE of 41.3x.
  • 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 11% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

AU Market1.96%
Consumer Discretionary4.51%
Consumer Durables10.47%
Consumer Services7.81%
Specialty Stores7.43%
Auto Components6.02%
Hospitality5.96%
Retail Distributors4.28%
General Merchandise and Department Stores2.57%
Auto0%0
Online Retail and Ecommerce0%0
Leisure-0.24%
Luxury-1.37%
Industry PE
  • Investors are most optimistic about the Auto Components industry which is trading above its 3-year average PE ratio of 58.7x.
    • Analysts are expecting annual earnings growth of 20.6%, 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 28% 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 6.5% 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$89.362.4%
+AU$2.4b		5.2%PE33.1x
ALL Aristocrat LeisureAU$64.095.4%
+AU$2.0b		-7.4%PE26.1x
APE Eagers AutomotiveAU$23.5211.0%
+AU$657.5m		17.8%PE29.3x
JBH JB Hi-FiAU$81.937.8%
+AU$646.2m		-27.3%PE18.6x
LNW Light & WonderAU$114.287.8%
+AU$643.3m		-23.2%PE25.5x

Latest News

LOV
AU$23.86
Lovisa Holdings
7D
15.5%
1Y
-29.4%
Narrative Update • Jul 31

LOV: Upcoming Dividend Payout Will Support A Constructive Forward Outlook

Analysts have reduced their price target for Lovisa Holdings to A$27.70 from A$29.49, reflecting slightly lower assumptions for revenue growth and profit margins, as well as a modestly reduced future P/E multiple. What’s in the News for Lovisa Holdings No recent company specific news for Lovisa Holdings is available from the provided sources as of 29 Jul 2026.
BBN
AU$1.04
Baby Bunting Group
7D
-7.6%
1Y
-39.4%
Narrative Update • Jul 31

BBN: Higher Margins And Lower P/E Will Support Future Upside Potential

Analysts have trimmed their price target on Baby Bunting Group from A$3.60 to A$3.10 as they factor in updated assumptions for the discount rate, revenue growth, profit margins and future P/E settings. What’s in the News for Baby Bunting Group No recent news stories were identified for Baby Bunting Group from the provided sources as at 29 Jul 2026.
BET
AU$0.17
Betmakers Technology Group
7D
-8.3%
1Y
13.8%
CEH
AU$0.52
Coast Entertainment Holdings
7D
-4.6%
1Y
36.8%
MYR
AU$0.21
Myer Holdings
7D
-16.0%
1Y
-65.3%
PBH
AU$0.89
PointsBet Holdings
7D
-5.9%
1Y
-27.2%
LNW
AU$114.28
Light & Wonder
7D
7.8%
1Y
-23.2%
Narrative Update • Jul 24

LNW: Share Repurchases Will Support Earnings Power Despite Higher Discount Rate

Analysts have reduced their price target on Light & Wonder to A$168.45 from A$177.72, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. What's in the News for Light & Wonder Light & Wonder reported that from January 1, 2026 to March 31, 2026, it repurchased 200,000 shares for $22 million under the buyback announced on June 13, 2024.
BLX
AU$1.60
Beacon Lighting Group
7D
-2.7%
1Y
-54.3%
TLC
AU$5.59
Lottery
7D
2.8%
1Y
4.1%
ALL
AU$64.09
Aristocrat Leisure
7D
5.4%
1Y
-7.4%
WES
AU$89.36
Wesfarmers
7D
2.4%
1Y
5.2%
Narrative Update • Jul 15

WES: Execution Discipline And Integration Plans Will Shape Future Pricing Confidence

Analysts have lifted their fair value estimate for Wesfarmers to A$89.00 from A$85.00, reflecting updated assumptions around revenue growth, profit margins and future P/E expectations, even as some research houses flag a less favourable risk reward at current valuation levels. Analyst Commentary on Wesfarmers Recent research on Wesfarmers highlights a split in views, with some investors focusing on the raised A$89.00 fair value estimate while others point to more cautious commentary around the current share price.
APE
AU$23.52
Eagers Automotive
7D
11.0%
1Y
17.8%
Narrative Update • Jul 14

APE: Share Buyback And Earnings Multiple Will Drive Future Upside Potential

Analysts have revised their 12 month price target for Eagers Automotive from A$31.00 to A$28.50. This reflects updated views on fair value that take into account modestly different assumptions for discount rate, revenue growth, profit margins and future P/E.
AX1
AU$0.69
Accent Group
7D
-2.8%
1Y
-53.5%
JBH
AU$81.93
JB Hi-Fi
7D
7.8%
1Y
-27.3%
Narrative Update • Jul 13

JBH: Higher Dividends And Margin Pressures Will Shape A Measured Outlook

Analysts have reset their 12 month price target for JB Hi-Fi to A$79.48 from A$92.64. This reflects updated assumptions for slightly lower revenue growth, profit margins and future P/E multiples, along with recent Street research flagging tougher near term trading conditions and supply shortages in key Apple categories.
AGI
AU$1.20
Ainsworth Game Technology
7D
-13.7%
1Y
20.0%
BRG
AU$32.86
Breville Group
7D
10.9%
1Y
-1.1%