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Australian (ASX) Food Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies27
  • 7D0.9%
  • 3M2.5%
  • 1Y8.9%
  • YTD-1.3%

The Food industry has been flat over the last week, but Select Harvests has lost 7.2%. The past year has been better, since the industry has gained 8.9% in that time. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026AU$10.8bAU$15.0bAU$351.9m14.8x30.6x0.7x
Sat, 27 Dec 2025AU$10.6bAU$15.0bAU$351.9m15x30.1x0.7x
Mon, 24 Nov 2025AU$10.4bAU$15.4bAU$353.0m15.2x29.4x0.7x
Wed, 22 Oct 2025AU$10.5bAU$15.4bAU$311.2m15.8x33.8x0.7x
Fri, 19 Sep 2025AU$10.3bAU$15.4bAU$311.0m13.4x33.1x0.7x
Sun, 17 Aug 2025AU$10.0bAU$15.4bAU$270.0m23.2x37x0.6x
Tue, 15 Jul 2025AU$9.3bAU$15.5bAU$241.7m25.9x38.6x0.6x
Thu, 12 Jun 2025AU$9.4bAU$15.5bAU$237.7m23.5x39.7x0.6x
Sat, 10 May 2025AU$9.4bAU$15.4bAU$211.9m27.3x44.2x0.6x
Mon, 07 Apr 2025AU$8.8bAU$15.2bAU$236.9m25.5x37x0.6x
Wed, 05 Mar 2025AU$9.2bAU$15.2bAU$230.8m28.1x39.7x0.6x
Fri, 31 Jan 2025AU$9.3bAU$15.1bAU$127.8m24.6x72.5x0.6x
Sun, 29 Dec 2024AU$9.1bAU$15.1bAU$123.9m23x73.7x0.6x
Tue, 26 Nov 2024AU$8.6bAU$14.9bAU$99.3m23.1x87.1x0.6x
Thu, 24 Oct 2024AU$8.7bAU$14.8b-AU$22,863,776.5520.7x-380.4x0.6x
Sat, 21 Sep 2024AU$8.5bAU$15.0b-AU$80,350,314.8720.1x-105.2x0.6x
Mon, 19 Aug 2024AU$8.4bAU$14.8b-AU$342,282,269.6616.8x-24.4x0.6x
Wed, 17 Jul 2024AU$8.2bAU$14.8b-AU$344,290,079.8015.5x-23.9x0.6x
Fri, 14 Jun 2024AU$7.9bAU$14.7b-AU$342,809,161.8515.9x-22.9x0.5x
Sun, 12 May 2024AU$8.1bAU$15.0b-AU$460,872,370.1615.2x-17.5x0.5x
Tue, 09 Apr 2024AU$8.0bAU$15.0b-AU$460,910,432.9416.8x-17.4x0.5x
Thu, 07 Mar 2024AU$8.1bAU$15.0b-AU$444,347,198.4416.7x-18.2x0.5x
Sat, 03 Feb 2024AU$12.5bAU$18.5b-AU$499,363,206.0020.7x-25.1x0.7x
Mon, 01 Jan 2024AU$12.0bAU$18.5b-AU$498,519,003.0021.1x-24x0.6x
Wed, 29 Nov 2023AU$11.4bAU$18.4b-AU$516,445,651.0022x-22.1x0.6x
Fri, 27 Oct 2023AU$10.9bAU$18.7b-AU$319,903,779.0022.6x-34.2x0.6x
Sun, 24 Sep 2023AU$11.1bAU$18.7b-AU$317,111,876.0022.1x-34.9x0.6x
Tue, 22 Aug 2023AU$11.7bAU$18.4b-AU$22,867,191.0020.6x-512.4x0.6x
Thu, 20 Jul 2023AU$11.4bAU$18.1b-AU$71,961,550.0033x-158.5x0.6x
Sat, 17 Jun 2023AU$10.8bAU$18.0b-AU$76,117,875.0029.9x-141.7x0.6x
Mon, 15 May 2023AU$11.4bAU$17.8bAU$227.7m26.6x50x0.6x
Wed, 12 Apr 2023AU$11.5bAU$17.8bAU$227.7m26.1x50.7x0.6x
Fri, 10 Mar 2023AU$11.3bAU$17.8bAU$227.8m27.1x49.8x0.6x
Sun, 05 Feb 2023AU$11.6bAU$17.2bAU$328.6m12.6x35.4x0.7x
Price to Earnings Ratio

35.4x


Total Market Cap: AU$11.6bTotal Earnings: AU$328.6mTotal Revenue: AU$17.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Food Industry Price to Earnings3Y Average -19.7x202420252026
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 30.6x which is higher than its 3-year average PE of -19.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 2.3% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.6% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

AU Market1.54%
Consumer Staples-0.14%
Food0.93%
Packaged Foods and Meats1.88%
Agricultural Products-1.03%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry even though it's trading below its 3-year average PE ratio of 48.9x.
    • Analysts are expecting annual earnings growth of 25.0%, which is lower than the prior year's growth of 33.9% per year.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 55.0x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 25% over the next 5 years.
  • However this is lower than its past earnings growth rate of 34% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 9.1% 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
BGA Bega CheeseAU$6.111.7%
+AU$30.5m		6.8%PS0.5x
MCA Murray Cod AustraliaAU$1.0510.0%
+AU$11.8m		-25.4%PE15.1x
BUB Bubs AustraliaAU$0.147.7%
+AU$8.9m		16.7%PE22.6x
FRM Farm Pride FoodsAU$0.2315.0%
+AU$6.9m		64.3%PE8x
AHF Australian Dairy NutritionalsAU$0.0297.4%
+AU$1.5m		-58.0%PS3x

Latest News

AHF
AU$0.029
Australian Dairy Nutritionals
7D
7.4%
1Y
-58.0%
DBF
AU$0.82
Duxton Farms
7D
-4.7%
1Y
-38.8%

Duxton Farms Limited's (ASX:DBF) Business Is Trailing The Industry But Its Shares Aren't

Jan 23
Duxton Farms Limited's (ASX:DBF) Business Is Trailing The Industry But Its Shares Aren't
SGLLV
AU$16.10
Ricegrowers
7D
-3.9%
1Y
59.4%
CBO
AU$3.83
Cobram Estate Olives
7D
-0.3%
1Y
100.5%

CBO: Equity Raising And Dividend Plan Will Support Fairly Valued Outlook

Analysts have maintained their fair value estimate for Cobram Estate Olives at A$3.65. Only minor adjustments were made to assumptions for revenue growth, profit margin, and future P/E, resulting in an unchanged price target.
ING
AU$2.50
Inghams Group
7D
-2.3%
1Y
-22.1%

ING: Index Removals And Modest Assumption Tweaks Will Shape Balanced Outlook

Analysts have nudged their price target on Inghams Group slightly lower to A$2.78 from A$2.79, reflecting modest adjustments to assumptions around the discount rate, revenue growth, profit margins and future P/E. What's in the News Inghams Group Limited (ASX:ING) removed from the S&P/ASX 200 Index.
RIC
AU$2.47
Ridley
7D
-1.2%
1Y
-10.8%
FRM
AU$0.23
Farm Pride Foods
7D
15.0%
1Y
64.3%
SHV
AU$4.64
Select Harvests
7D
-7.2%
1Y
1.1%
AAP
AU$0.053
Australian Agricultural Projects
7D
6.0%
1Y
29.3%
FFI
AU$4.90
FFI Holdings
7D
1.4%
1Y
22.5%
BUB
AU$0.14
Bubs Australia
7D
7.7%
1Y
16.7%
DAI
AU$0.48
Decidr AI Industries
7D
-10.2%
1Y
-46.1%
ELD
AU$7.27
Elders
7D
-1.2%
1Y
1.8%

Elders' (ASX:ELD) Solid Profits Have Weak Fundamentals

Nov 23
Elders' (ASX:ELD) Solid Profits Have Weak Fundamentals
BGA
AU$6.11
Bega Cheese
7D
1.7%
1Y
6.8%

Bega Cheese Limited (ASX:BGA) Looks Inexpensive But Perhaps Not Attractive Enough

Nov 11
Bega Cheese Limited (ASX:BGA) Looks Inexpensive But Perhaps Not Attractive Enough
MCA
AU$1.05
Murray Cod Australia
7D
10.0%
1Y
-25.4%