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Australian (ASX) Food Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies28
  • 7D-3.3%
  • 3M-11.9%
  • 1Y-2.3%
  • YTD-14.1%

Over the last 7 days, the Food industry has dropped 3.3%, driven by a pullback from Elders of 9.6%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Mar 2026AU$10.7bAU$22.7bAU$310.7m16.9x34.5x0.5x
Wed, 11 Feb 2026AU$11.4bAU$22.3bAU$391.8m13.9x29.1x0.5x
Fri, 09 Jan 2026AU$10.9bAU$15.0bAU$351.9m14.9x30.9x0.7x
Sun, 07 Dec 2025AU$10.6bAU$15.5bAU$343.1m15.2x30.8x0.7x
Tue, 04 Nov 2025AU$10.2bAU$15.4bAU$311.2m15.9x32.8x0.7x
Thu, 02 Oct 2025AU$10.4bAU$15.4bAU$311.0m15.1x33.4x0.7x
Sat, 30 Aug 2025AU$10.3bAU$15.4bAU$250.2m14.2x41.2x0.7x
Mon, 28 Jul 2025AU$9.5bAU$15.5bAU$241.7m24.5x39.1x0.6x
Wed, 25 Jun 2025AU$9.4bAU$15.5bAU$237.6m23.6x39.5x0.6x
Fri, 23 May 2025AU$9.1bAU$15.4bAU$211.9m26.6x43.1x0.6x
Sun, 20 Apr 2025AU$8.7bAU$15.2bAU$237.5m24.6x36.8x0.6x
Tue, 18 Mar 2025AU$9.0bAU$15.2bAU$237.5m28.1x38x0.6x
Thu, 13 Feb 2025AU$9.4bAU$15.1bAU$127.8m23.6x73.8x0.6x
Sat, 11 Jan 2025AU$9.1bAU$15.1bAU$123.8m23.9x73.4x0.6x
Mon, 09 Dec 2024AU$8.8bAU$15.1bAU$122.7m23.5x71.5x0.6x
Wed, 06 Nov 2024AU$8.5bAU$14.8b-AU$22,923,851.5420.5x-371.2x0.6x
Fri, 04 Oct 2024AU$8.4bAU$14.8b-AU$27,024,322.8120.2x-310.7x0.6x
Sun, 01 Sep 2024AU$8.3bAU$15.0b-AU$83,067,202.2817.6x-100x0.6x
Tue, 30 Jul 2024AU$8.3bAU$14.8b-AU$344,734,452.3616.5x-24.2x0.6x
Thu, 27 Jun 2024AU$7.9bAU$14.7b-AU$342,782,415.0315.6x-23.1x0.5x
Sat, 25 May 2024AU$7.9bAU$14.7b-AU$440,233,930.3215.6x-17.9x0.5x
Mon, 22 Apr 2024AU$8.0bAU$15.0b-AU$461,330,152.2516.7x-17.4x0.5x
Wed, 20 Mar 2024AU$8.2bAU$15.0b-AU$461,081,201.0916.7x-17.7x0.5x
Fri, 16 Feb 2024AU$9.8bAU$16.2b-AU$479,909,665.4619x-20.5x0.6x
Sun, 14 Jan 2024AU$12.0bAU$18.5b-AU$498,974,230.0020.4x-24.1x0.6x
Tue, 12 Dec 2023AU$11.5bAU$18.4b-AU$520,728,643.0021.7x-22.2x0.6x
Thu, 09 Nov 2023AU$11.4bAU$18.7b-AU$319,451,331.0024.3x-35.5x0.6x
Sat, 07 Oct 2023AU$11.0bAU$18.7b-AU$318,120,322.0022x-34.5x0.6x
Mon, 04 Sep 2023AU$11.3bAU$18.7b-AU$317,060,375.0023.3x-35.7x0.6x
Wed, 02 Aug 2023AU$11.4bAU$18.1b-AU$71,894,107.0033x-159.2x0.6x
Fri, 30 Jun 2023AU$10.7bAU$18.1b-AU$71,822,773.0028.9x-148.4x0.6x
Sun, 28 May 2023AU$10.9bAU$18.0bAU$65.1m35.6x167.9x0.6x
Tue, 25 Apr 2023AU$11.5bAU$17.8bAU$227.7m26.2x50.5x0.6x
Thu, 23 Mar 2023AU$10.9bAU$17.8bAU$227.7m26.5x47.9x0.6x
Price to Earnings Ratio

47.9x


Total Market Cap: AU$10.9bTotal Earnings: AU$227.7mTotal Revenue: AU$17.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Food Industry Price to Earnings3Y Average -20.1x202420252026
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 34.5x which is higher than its 3-year average PE of -20.1x.
  • 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 11% per year over the last three years.
  • Revenues for these companies have grown 8.6% 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 Staples industry?

AU Market-2.69%
Consumer Staples-2.60%
Food-3.30%
Packaged Foods and Meats-1.79%
Agricultural Products-5.25%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 44.0x.
    • Analysts are expecting annual earnings growth of 14.4%, which is lower than the prior year's growth of 66.8% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 49.5x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 14% 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
CBO Cobram Estate OlivesAU$3.032.0%
+AU$28.6m		57.4%PE34.3x
RIC RidleyAU$2.721.1%
+AU$11.2m		8.8%PE13.8x
GNC GrainCorpAU$6.140.8%
+AU$10.8m		-10.8%PE33.3x
AAC Australian AgriculturalAU$1.301.2%
+AU$9.0m		-14.2%PE13.6x
SGLLV RicegrowersAU$12.471.1%
+AU$8.9m		24.6%PE11.6x

Latest News

BUB
AU$0.12
Bubs Australia
7D
-8.0%
1Y
-17.9%
FRM
AU$0.22
Farm Pride Foods
7D
-10.2%
1Y
-8.3%
SEA
AU$2.40
Sea Forest
7D
-7.3%
1Y
n/a
FFI
AU$4.95
FFI Holdings
7D
6.7%
1Y
20.9%
ELD
AU$6.66
Elders
7D
-4.7%
1Y
-5.3%

ELD: Analyst Day Commentary Will Shape Views On Future Earnings Resilience

Analysts have kept their A$7.30 price target for Elders unchanged, citing slightly lower revenue growth assumptions, a modestly higher profit margin outlook, and a small adjustment to future P/E expectations as the key drivers of this steady view. What's in the News Elders held an Analyst/Investor Day, providing a dedicated forum for management to brief the market on the business and outlook assumptions that inform current analyst models (Key Developments).
CBO
AU$3.03
Cobram Estate Olives
7D
2.0%
1Y
57.4%
BGA
AU$5.72
Bega Cheese
7D
-2.9%
1Y
12.2%

BGA: Dividend Payout And Rich P/E Will Likely Cap Future Returns

Analysts have adjusted their price target for Bega Cheese to A$4.81 from A$4.48, reflecting updated views on discount rates, revenue growth assumptions, profit margins, and future P/E expectations. What's in the News Bega Cheese declared an ordinary fully franked dividend of A$0.07 per share for the six months ended 28 December 2025, giving investors clarity on the latest payout per share (Key Developments).
MCA
AU$0.41
Murray Cod Australia
7D
-13.7%
1Y
-69.0%
RIC
AU$2.72
Ridley
7D
1.1%
1Y
8.8%
ING
AU$1.86
Inghams Group
7D
-7.7%
1Y
-41.1%

ING: Index Removal And Dividend Will Support A More Attractive Future Profile

Analysts have trimmed their price target for Inghams Group to A$2.47 from A$2.70, as small changes to the discount rate, revenue growth, profit margin and the assumed future P/E flow through to a slightly lower assessed fair value. What's in the News Inghams Group held an Analyst and Investor Day, providing the market with an updated view of its business and the company’s outlook (Key Developments).
GNC
AU$6.14
GrainCorp
7D
0.8%
1Y
-10.8%

GNC: Recalibrated Margins And P/E Will Support Future Upside Potential

Analysts have trimmed their price target on GrainCorp to A$7.57. This reflects updated assumptions around revenue, margins and P/E that align with the recent downgrade highlighted in Street research.
SGLLV
AU$12.47
Ricegrowers
7D
1.1%
1Y
24.6%

SGLLV: Acquisition Capacity And Dividend Strength Will Drive Future Upside

Analysts have maintained their A$19.08 price target on Ricegrowers, reflecting unchanged views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Ricegrowers is actively looking for acquisitions that align with its existing approach to generating economic profit, supported by comments from Group CEO and Managing Director Paul Serra during the SunRice Group Fiscal Year 2026 Half Year Results Conference Call and Webcast (company event).
DAI
AU$0.36
Decidr AI Industries
7D
-7.6%
1Y
-51.0%
AAC
AU$1.30
Australian Agricultural
7D
1.2%
1Y
-14.2%
NUC
AU$0.13
Nuchev
7D
18.2%
1Y
-35.0%
SHV
AU$3.86
Select Harvests
7D
0.8%
1Y
-19.2%

This Is Why Select Harvests Limited's (ASX:SHV) CEO Compensation Looks Appropriate

Feb 10
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