Australian (ASX) Beverage Industry Analysis

Industry Valuation and Performance

Has the Australian Beverage Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 09 Jun 2026	AU$3.9b	AU$3.0b	-AU$473,878,541.00	14.8x	-8.2x	1.3x
Thu, 07 May 2026	AU$3.6b	AU$3.0b	-AU$473,878,541.00	12.8x	-7.6x	1.2x
Sat, 04 Apr 2026	AU$3.1b	AU$3.0b	-AU$473,878,541.00	13.8x	-6.6x	1x
Mon, 02 Mar 2026	AU$3.8b	AU$3.0b	-AU$474,130,344.00	176.7x	-8x	1.3x
Wed, 28 Jan 2026	AU$4.4b	AU$3.3b	AU$416.0m	93.3x	10.7x	1.4x
Fri, 26 Dec 2025	AU$4.5b	AU$3.3b	AU$416.0m	87.8x	10.7x	1.4x
Sun, 23 Nov 2025	AU$4.6b	AU$3.3b	AU$416.0m	93.5x	11.1x	1.4x
Tue, 21 Oct 2025	AU$5.4b	AU$3.3b	AU$416.0m	83.1x	12.9x	1.6x
Thu, 18 Sep 2025	AU$6.2b	AU$3.3b	AU$416.0m	84.3x	14.9x	1.9x
Sat, 16 Aug 2025	AU$6.5b	AU$3.3b	AU$334.4m	14.5x	19.3x	2x
Mon, 14 Jul 2025	AU$6.6b	AU$3.3b	AU$50.6m	42.5x	131x	2x
Wed, 11 Jun 2025	AU$6.7b	AU$3.3b	AU$50.6m	43.3x	133.2x	2x
Fri, 09 May 2025	AU$7.4b	AU$3.3b	AU$50.6m	47.5x	146.1x	2.2x
Sun, 06 Apr 2025	AU$7.1b	AU$3.3b	AU$50.6m	45.7x	141x	2.1x
Tue, 04 Mar 2025	AU$9.0b	AU$3.3b	AU$50.6m	57.7x	177.9x	2.7x
Thu, 30 Jan 2025	AU$8.7b	AU$3.1b	-AU$288,756.00	85.9x	-29995.5x	2.8x
Sat, 28 Dec 2024	AU$9.6b	AU$3.2b	-AU$3,087,756.00	94.7x	-3101.6x	3x
Mon, 25 Nov 2024	AU$9.4b	AU$3.2b	-AU$24,258,756.00	92.5x	-386.5x	2.9x
Wed, 23 Oct 2024	AU$9.6b	AU$3.2b	-AU$24,258,756.00	95.2x	-397.1x	3x
Fri, 20 Sep 2024	AU$9.1b	AU$3.2b	-AU$24,258,756.00	90.6x	-377.1x	2.8x
Sun, 18 Aug 2024	AU$10.2b	AU$3.2b	AU$47.2m	100.8x	215.2x	3.2x
Tue, 16 Jul 2024	AU$10.2b	AU$2.9b	AU$181.3m	43.1x	56.5x	3.5x
Thu, 13 Jun 2024	AU$9.9b	AU$2.9b	AU$181.3m	41.6x	54.8x	3.4x
Sat, 11 May 2024	AU$9.7b	AU$2.9b	AU$181.3m	40.9x	53.5x	3.3x
Mon, 08 Apr 2024	AU$10.7b	AU$2.9b	AU$181.3m	44.8x	59x	3.7x
Wed, 06 Mar 2024	AU$10.3b	AU$2.9b	AU$181.3m	43x	56.8x	3.5x
Fri, 02 Feb 2024	AU$9.1b	AU$2.9b	AU$205.3m	30.7x	44.1x	3.1x
Sun, 31 Dec 2023	AU$9.1b	AU$2.9b	AU$205.3m	34.4x	44.1x	3.1x
Tue, 28 Nov 2023	AU$8.3b	AU$2.9b	AU$205.3m	31.6x	40.6x	2.9x
Thu, 26 Oct 2023	AU$8.9b	AU$2.9b	AU$205.3m	33.9x	43.6x	3.1x
Sat, 23 Sep 2023	AU$9.0b	AU$2.9b	AU$205.3m	34.2x	43.8x	3.1x
Mon, 21 Aug 2023	AU$8.8b	AU$2.9b	AU$247.1m	33.5x	35.7x	3x
Wed, 19 Jul 2023	AU$8.2b	AU$3.0b	AU$334.9m	23x	24.5x	2.8x
Fri, 16 Jun 2023	AU$8.5b	AU$3.0b	AU$334.9m	23.9x	25.4x	2.9x

Current Industry PE

Investors are pessimistic on the Australian Beverage industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.3x.

Past Earnings Growth

Total earnings for the Beverage industry have declined over the last three years, with the industry now making a loss overall.
Meanwhile revenues have remained mostly flat.
This means that although sales have remained flat, 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 Staples industry?


AU Market	-1.11%
Consumer Staples	2.28%
Beverage	13.71%
Distillers and Wine Makers	13.73%
Brewers	0%	0
Soft Drinks	0%	0

Industry PE

Investors are most optimistic about the Soft Drinks industry even though it's trading below its 3-year average PE ratio of 34.1x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Forecasted Growth

Analysts are most optimistic on the Distillers and Wine Makers industry, expecting annual earnings growth of 67% over the next 5 years.

In contrast, the Distillers and Wine Makers industry is expected to see its earnings grow by 67% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	TWE Treasury Wine Estates	AU$4.69	14.1% +AU$468.3m	-42.6%	PS1.4x
	LRK LARK Distilling	AU$0.89	3.5% +AU$3.2m	18.8%	PS5.3x

Company

Last Price

Valuation

TWE Treasury Wine Estates

AU$4.69

14.1%
+AU$468.3m

-42.6%

PS1.4x

LRK LARK Distilling

AU$0.89

3.5%
+AU$3.2m

18.8%

PS5.3x

Treasury Wine Estates to Focus on Fewer Luxury Brands With Multi-Year Transformation Plan

Treasury Wine Estates plans to cut its brand portfolio from 76 to fewer than 30 over five years, concentrating investment on three core “Power Brands”: Penfolds, DAOU and Matua, plus selected “Regional Heroes” such as Stag’s Leap Winery and Wynns that are expected to account for about 90% of group net sales. The company is targeting $100 million in annual cost savings through portfolio rationalisation, production consolidation in California and Australia, and a review of its Americas operations, alongside one-off transformation costs of $220 million to $260 million. Management has outlined a multi-year “TWE Ascent” plan that includes a long-term EBIT margin target above 25% by FY30 and guidance that earnings in FY27 are expected to meet or exceed FY26 levels. The key message is a shift to a simpler, premium-focused business model, with management prioritising luxury labels and higher-margin segments while trimming lower-priority assets and capacity. Investors should pay close attention to execution risks around asset sales, portfolio exits and the Americas review, as well as how quickly cost savings and margin targets progress against the stated FY27 and FY30 milestones.

Australian (ASX) Beverage Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Treasury Wine Estates to Focus on Fewer Luxury Brands With Multi-Year Transformation Plan

First half 2026 earnings released: AU$0.008 loss per share (vs AU$0.025 loss in 1H 2025)

First half 2026 earnings released: AU$0.067 loss per share (vs AU$0.001 loss in 1H 2025)