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Australian (ASX) Food Industry Analysis

UpdatedSep 14, 2026
DataAggregated Company Financials
Companies26
  • 7D-3.0%
  • 3M-0.8%
  • 1Y-18.6%
  • YTD-18.1%

The Food industry is down 3.0% over the last week with Cobram Estate Olives the worst performer, down 4.7%. Overall the industry is down 19% in 12 months. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 14 Sep 2026AU$10.7bAU$24.3bAU$220.5m21.7x48.6x0.4x
Wed, 12 Aug 2026AU$11.0bAU$22.8bAU$329.5m15x33.4x0.5x
Fri, 10 Jul 2026AU$10.6bAU$22.8bAU$329.5m13.8x32.3x0.5x
Sun, 07 Jun 2026AU$10.6bAU$22.8bAU$331.8m14.4x32x0.5x
Tue, 05 May 2026AU$11.1bAU$22.7bAU$322.4m15.4x34.4x0.5x
Thu, 02 Apr 2026AU$11.3bAU$22.7bAU$322.4m17.7x35.2x0.5x
Sat, 28 Feb 2026AU$11.4bAU$22.7bAU$316.0m14.5x36x0.5x
Mon, 26 Jan 2026AU$10.8bAU$15.0bAU$351.9m14.5x30.7x0.7x
Wed, 24 Dec 2025AU$10.4bAU$15.0bAU$351.9m15.2x29.7x0.7x
Fri, 21 Nov 2025AU$10.5bAU$15.4bAU$353.0m15.6x29.6x0.7x
Sun, 19 Oct 2025AU$10.5bAU$15.4bAU$311.2m15.6x33.6x0.7x
Tue, 16 Sep 2025AU$10.3bAU$15.4bAU$311.0m13.6x33.3x0.7x
Thu, 14 Aug 2025AU$9.8bAU$15.4bAU$270.1m23.2x36.5x0.6x
Sat, 12 Jul 2025AU$9.4bAU$15.5bAU$241.7m26.4x38.9x0.6x
Mon, 09 Jun 2025AU$9.3bAU$15.5bAU$237.6m24x39x0.6x
Wed, 07 May 2025AU$9.1bAU$15.4bAU$212.0m26.1x43.2x0.6x
Fri, 04 Apr 2025AU$8.9bAU$15.2bAU$237.4m26.6x37.7x0.6x
Sun, 02 Mar 2025AU$9.3bAU$15.2bAU$226.1m28.1x41.1x0.6x
Tue, 28 Jan 2025AU$9.3bAU$15.1bAU$127.8m24.5x72.9x0.6x
Thu, 26 Dec 2024AU$8.9bAU$15.1bAU$123.9m23x71.5x0.6x
Sat, 23 Nov 2024AU$8.6bAU$14.9bAU$99.3m23.1x87x0.6x
Mon, 21 Oct 2024AU$8.6bAU$14.8b-AU$22,838,235.4720.4x-377.9x0.6x
Wed, 18 Sep 2024AU$8.4bAU$15.0b-AU$80,399,274.2819.7x-105x0.6x
Fri, 16 Aug 2024AU$8.3bAU$14.8b-AU$342,386,170.7616.4x-24.3x0.6x
Sun, 14 Jul 2024AU$8.2bAU$14.8b-AU$344,195,401.0915.6x-23.7x0.6x
Tue, 11 Jun 2024AU$8.1bAU$14.7b-AU$342,941,867.2215.7x-23.5x0.5x
Thu, 09 May 2024AU$8.1bAU$15.0b-AU$460,939,237.2115.2x-17.6x0.5x
Sat, 06 Apr 2024AU$8.4bAU$15.0b-AU$460,923,102.7416.9x-18.2x0.6x
Mon, 04 Mar 2024AU$8.1bAU$15.0b-AU$444,289,230.2717.2x-18.2x0.5x
Wed, 31 Jan 2024AU$12.4bAU$18.5b-AU$499,285,638.0020.6x-24.8x0.7x
Fri, 29 Dec 2023AU$12.0bAU$18.5b-AU$498,417,638.0021.1x-24.1x0.6x
Sun, 26 Nov 2023AU$11.5bAU$18.4b-AU$516,536,073.0022.9x-22.2x0.6x
Tue, 24 Oct 2023AU$11.2bAU$18.7b-AU$319,865,828.0023.1x-35x0.6x
Thu, 21 Sep 2023AU$11.0bAU$18.7b-AU$317,020,566.0022.5x-34.8x0.6x
Price to Earnings Ratio

-34.8x


Total Market Cap: AU$11.0bTotal Earnings: -AU$317,020,566.00Total Revenue: AU$18.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Food Industry Price to Earnings3Y Average -3.6x202420252026
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 48.6x which is higher than its 3-year average PE of -3.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.58x.
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 9.1% 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 Market-2.94%
Consumer Staples-3.70%
Food-2.97%
Agricultural Products-1.62%
Packaged Foods and Meats-3.96%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry which is trading above its 3-year average PE ratio of 50.2x.
    • Analysts are expecting annual earnings growth of 31.5%, which is higher than its past year's earnings decline of 23.1% 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 16.1x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 17% 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
SEA Sea ForestAU$1.572.6%
+AU$2.2m		n/aPS17.6x
EVE EVE Health GroupAU$0.01713.3%
+AU$704.7k		-37.0%PS5.2x

Latest News

CBO
AU$2.87
Cobram Estate Olives
7D
-3.4%
1Y
-13.0%
SGLLV
AU$12.71
Ricegrowers
7D
-7.7%
1Y
-16.2%
SHV
AU$4.59
Select Harvests
7D
-6.3%
1Y
9.8%
BGA
AU$5.99
Bega Cheese
7D
-1.0%
1Y
7.3%
Narrative Update • Sep 04

BGA: Higher P/E And 2026 Dividend Will Likely Limit Future Upside

Analysts have lifted their fair value estimate for Bega Cheese from A$4.95 to A$5.28, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. What’s in the News for Bega Cheese Bega Cheese declared an ordinary fully paid dividend of A$0.075 per security for the six month period ending 30 June 2026.
GNC
AU$6.54
GrainCorp
7D
-4.5%
1Y
-24.8%
Narrative Update • Sep 03

GNC: Elevated Future P/E Will Drive A More Cautious Outlook

Analysts have raised their price target on GrainCorp from A$4.50 to A$5.62, citing updated fair value estimates that reflect revised assumptions for the discount rate, revenue growth, profit margin and future P/E ratio. What’s in the News for GrainCorp No recent GrainCorp specific news items were identified in the provided sources as of 1 Sep 2026.
ELD
AU$6.21
Elders
7D
-7.3%
1Y
-19.4%
EVE
AU$0.017
EVE Health Group
7D
13.3%
1Y
-37.0%
SEA
AU$1.57
Sea Forest
7D
2.6%
1Y
n/a
RIC
AU$2.60
Ridley
7D
-1.5%
1Y
-16.1%
AAC
AU$1.29
Australian Agricultural
7D
-3.7%
1Y
-12.2%