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Australian (ASX) Food Industry Analysis

UpdatedJul 30, 2026
DataAggregated Company Financials
Companies26
  • 7D2.6%
  • 3M-5.4%
  • 1Y-8.1%
  • YTD-15.5%

Over the last 7 days, the Food industry has risen 2.6%, driven by gains from GrainCorp of 4.4%. However, the industry is down 8.1% over the past year. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 31 Jul 2026AU$10.9bAU$22.8bAU$329.5m15x33.2x0.5x
Sun, 28 Jun 2026AU$10.6bAU$22.8bAU$329.5m15.4x32.3x0.5x
Tue, 26 May 2026AU$10.6bAU$22.9bAU$333.9m13.8x31.7x0.5x
Thu, 23 Apr 2026AU$11.4bAU$22.7bAU$322.4m15.5x35.3x0.5x
Sat, 21 Mar 2026AU$10.8bAU$22.7bAU$322.4m18.4x33.4x0.5x
Mon, 16 Feb 2026AU$11.1bAU$22.3bAU$391.8m13.3x28.3x0.5x
Wed, 14 Jan 2026AU$10.9bAU$15.0bAU$351.9m15x31.1x0.7x
Fri, 12 Dec 2025AU$10.5bAU$15.5bAU$343.1m15.5x30.5x0.7x
Sun, 09 Nov 2025AU$9.9bAU$15.4bAU$311.2m15.3x31.7x0.6x
Tue, 07 Oct 2025AU$10.3bAU$15.4bAU$311.2m15x33.2x0.7x
Thu, 04 Sep 2025AU$10.3bAU$15.4bAU$311.0m14.6x33x0.7x
Sat, 02 Aug 2025AU$9.5bAU$15.4bAU$283.2m24.8x33.7x0.6x
Mon, 30 Jun 2025AU$9.4bAU$15.5bAU$241.7m24.7x38.8x0.6x
Wed, 28 May 2025AU$9.2bAU$15.4bAU$180.5m26.7x51.1x0.6x
Fri, 25 Apr 2025AU$8.9bAU$15.4bAU$211.9m25.3x41.9x0.6x
Sun, 23 Mar 2025AU$9.1bAU$15.2bAU$237.3m27.5x38.1x0.6x
Tue, 18 Feb 2025AU$9.6bAU$15.1bAU$124.0m23.2x77.3x0.6x
Thu, 16 Jan 2025AU$9.3bAU$15.1bAU$127.7m23.7x72.9x0.6x
Sat, 14 Dec 2024AU$8.8bAU$15.1bAU$122.7m23.3x71.5x0.6x
Mon, 11 Nov 2024AU$8.8bAU$14.8b-AU$22,933,605.3421.5x-383.1x0.6x
Wed, 09 Oct 2024AU$8.5bAU$14.8b-AU$22,802,592.5720x-373.6x0.6x
Fri, 06 Sep 2024AU$8.3bAU$15.0b-AU$80,415,316.0418.1x-103.4x0.6x
Sun, 04 Aug 2024AU$8.3bAU$14.8b-AU$342,634,093.2016.4x-24.2x0.6x
Tue, 02 Jul 2024AU$8.0bAU$14.8b-AU$344,445,380.9715.7x-23.3x0.5x
Thu, 30 May 2024AU$7.8bAU$14.7b-AU$436,935,879.9415.4x-17.8x0.5x
Sat, 27 Apr 2024AU$7.9bAU$15.0b-AU$461,047,722.8215.3x-17.2x0.5x
Mon, 25 Mar 2024AU$8.2bAU$15.0b-AU$461,096,631.9516.7x-17.7x0.5x
Wed, 21 Feb 2024AU$9.5bAU$16.3b-AU$433,563,377.3316.3x-22x0.6x
Fri, 19 Jan 2024AU$12.2bAU$18.5b-AU$499,446,152.0020.4x-24.4x0.7x
Sun, 17 Dec 2023AU$11.8bAU$18.6b-AU$507,967,391.0021.4x-23.2x0.6x
Tue, 14 Nov 2023AU$11.3bAU$18.7b-AU$319,675,826.0024.5x-35.4x0.6x
Thu, 12 Oct 2023AU$11.2bAU$18.7b-AU$317,938,373.0023.1x-35.1x0.6x
Sat, 09 Sep 2023AU$11.1bAU$18.7b-AU$317,304,594.0023.8x-34.8x0.6x
Mon, 07 Aug 2023AU$11.4bAU$18.1b-AU$71,820,395.0032.9x-159x0.6x
Price to Earnings Ratio

-159x


Total Market Cap: AU$11.4bTotal Earnings: -AU$71,820,395.00Total Revenue: AU$18.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Food Industry Price to Earnings3Y Average -11.8x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Food industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 33.6x which is higher than its 3-year average PE of -12.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
  • Total earnings for the Food industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 8.0% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Consumer Staples industry?

AU Market2.05%
Consumer Staples3.70%
Food2.59%
Agricultural Products5.02%
Packaged Foods and Meats1.04%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry even though it's trading below its 3-year average PE ratio of 50.0x.
    • Analysts are expecting annual earnings growth of 27.4%, which is higher than its past year's earnings decline of 8.4% per year.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.1x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 8.4% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 12% 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
GNC GrainCorpAU$5.644.4%
+AU$53.2m		-25.6%PS0.2x
BGA Bega CheeseAU$6.172.3%
+AU$42.8m		18.4%PE229.9x
ING Inghams GroupAU$2.283.6%
+AU$29.7m		-34.1%PE15x
RIC RidleyAU$2.822.5%
+AU$26.2m		-3.1%PE14.3x
SGLLV RicegrowersAU$14.042.0%
+AU$19.3m		18.8%PE13.7x

Latest News

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1.1%
1Y
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DAI
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1Y
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NOU
AU$0.12
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Plant Based Demand And Export Expansion Will Drive Stronger Long Term Prospects

Catalysts About Noumi Noumi produces branded plant based and dairy beverages, nutritional products and specialty dairy ingredients for domestic and export markets. What are the underlying business or industry changes driving this perspective?
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Farm Pride Foods
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3.4%
1Y
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CBO
AU$3.24
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7D
-1.5%
1Y
25.1%
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More than just olive oil on the shelf

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BUB
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Bubs Australia
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7.5%
1Y
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ING
AU$2.28
Inghams Group
7D
3.6%
1Y
-34.1%
Narrative Update • Jul 10

ING: Higher Discount Rate And Lower Margin Outlook Will Pressure Returns

Analysts have trimmed their price target on Inghams Group to A$1.80 from A$2.30, citing updated assumptions that include a higher discount rate, a different revenue growth profile, slightly lower profit margin expectations, and a reduced future P/E multiple. What’s in the News for Inghams Group Inghams Group announced the appointment of Grant Douglas as Chief Financial Officer, effective October 2026, following a comprehensive external search process.
SGLLV
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Ricegrowers
7D
2.0%
1Y
18.8%
Analysis Article • Jul 02

Ricegrowers' (ASX:SGLLV) Solid Earnings May Rest On Weak Foundations

The recent earnings posted by Ricegrowers Limited ( ASX:SGLLV ) were solid, but the stock didn't move as much as we...
RIC
AU$2.82
Ridley
7D
2.5%
1Y
-3.1%
GNC
AU$5.64
GrainCorp
7D
4.4%
1Y
-25.6%
BGA
AU$6.17
Bega Cheese
7D
2.3%
1Y
18.4%
AAC
AU$1.37
Australian Agricultural
7D
-0.4%
1Y
-0.7%
SHV
AU$4.27
Select Harvests
7D
-0.5%
1Y
24.1%
FFI
AU$4.26
FFI Holdings
7D
-4.5%
1Y
1.4%
MBH
AU$0.069
Maggie Beer Holdings
7D
-5.5%
1Y
7.8%