Narrative Update • May 19
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Australian (ASX) Agricultural Products Industry Analysis
UpdatedMay 21, 2026
DataAggregated Company Financials
Companies9
- 7D-14.6%
- 3M-13.6%
- 1Y-21.4%
- YTDn/a
Over the last 7 days, the Agricultural Products industry has dropped 15%, driven by pullbacks in Elders and GrainCorp of 24% and 24%, respectively. Overall the industry is down 21% in 12 months. Looking forward, earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the Australian Agricultural Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 May 2026 | AU$4.0b | AU$12.8b | AU$104.7m | 18.5x | 37.9x | 0.3x |
| Sat, 18 Apr 2026 | AU$4.8b | AU$12.6b | AU$152.2m | 30.6x | 31.3x | 0.4x |
| Mon, 16 Mar 2026 | AU$4.6b | AU$12.6b | AU$152.2m | 26.8x | 30.1x | 0.4x |
| Wed, 11 Feb 2026 | AU$4.6b | AU$12.2b | AU$133.6m | 21.3x | 34.4x | 0.4x |
| Fri, 09 Jan 2026 | AU$3.6b | AU$4.9b | AU$93.7m | 22.5x | 38.1x | 0.7x |
| Sun, 07 Dec 2025 | AU$3.8b | AU$5.4b | AU$89.7m | 22.3x | 41.9x | 0.7x |
| Tue, 04 Nov 2025 | AU$3.4b | AU$5.3b | AU$116.4m | 18.2x | 29.1x | 0.6x |
| Thu, 02 Oct 2025 | AU$3.5b | AU$5.3b | AU$116.2m | 19.2x | 30.1x | 0.7x |
| Sat, 30 Aug 2025 | AU$3.5b | AU$5.3b | AU$110.8m | 19x | 31.6x | 0.7x |
| Mon, 28 Jul 2025 | AU$3.3b | AU$5.3b | AU$125.6m | 23.4x | 26x | 0.6x |
| Wed, 25 Jun 2025 | AU$3.2b | AU$5.3b | AU$125.6m | 22.3x | 25.4x | 0.6x |
| Fri, 23 May 2025 | AU$3.0b | AU$5.2b | AU$72.2m | 50.4x | 42.1x | 0.6x |
| Sun, 20 Apr 2025 | AU$2.9b | AU$5.2b | AU$72.2m | 50.5x | 39.9x | 0.6x |
| Tue, 18 Mar 2025 | AU$3.2b | AU$5.2b | AU$72.2m | 54x | 43.7x | 0.6x |
| Thu, 13 Feb 2025 | AU$3.3b | AU$5.2b | AU$48.3m | 22.8x | 69.1x | 0.6x |
| Sat, 11 Jan 2025 | AU$3.0b | AU$5.2b | AU$48.3m | 22x | 62.1x | 0.6x |
| Mon, 09 Dec 2024 | AU$3.0b | AU$5.2b | AU$48.3m | 22.2x | 62.2x | 0.6x |
| Wed, 06 Nov 2024 | AU$3.0b | AU$4.9b | AU$43.3m | 15.8x | 68.4x | 0.6x |
| Fri, 04 Oct 2024 | AU$2.9b | AU$4.9b | AU$40.0m | 15.5x | 73x | 0.6x |
| Sun, 01 Sep 2024 | AU$2.9b | AU$4.9b | AU$40.7m | 15.2x | 72.1x | 0.6x |
| Tue, 30 Jul 2024 | AU$3.0b | AU$4.9b | AU$36.0m | 23.2x | 82.7x | 0.6x |
| Thu, 27 Jun 2024 | AU$2.7b | AU$4.9b | AU$36.0m | 20.8x | 76x | 0.6x |
| Sat, 25 May 2024 | AU$2.6b | AU$4.9b | -AU$61,375,458.00 | 20.7x | -42.3x | 0.5x |
| Mon, 22 Apr 2024 | AU$2.8b | AU$5.2b | -AU$24,118,458.00 | 17.2x | -116.8x | 0.5x |
| Wed, 20 Mar 2024 | AU$2.9b | AU$5.2b | -AU$24,118,458.00 | 17.4x | -122x | 0.6x |
| Fri, 16 Feb 2024 | AU$4.4b | AU$6.6b | AU$20.3m | 17.1x | 218x | 0.7x |
| Sun, 14 Jan 2024 | AU$4.2b | AU$6.6b | AU$15.6m | 19.9x | 269.2x | 0.6x |
| Tue, 12 Dec 2023 | AU$4.0b | AU$6.6b | AU$15.6m | 17.9x | 255.1x | 0.6x |
| Thu, 09 Nov 2023 | AU$4.0b | AU$6.9b | AU$60.4m | 16.6x | 65.7x | 0.6x |
| Sat, 07 Oct 2023 | AU$3.9b | AU$6.9b | AU$61.9m | 16.7x | 62.7x | 0.6x |
| Mon, 04 Sep 2023 | AU$4.0b | AU$6.9b | AU$61.9m | 16.5x | 64.2x | 0.6x |
| Wed, 02 Aug 2023 | AU$4.2b | AU$6.8b | AU$73.9m | 45.6x | 57.5x | 0.6x |
| Fri, 30 Jun 2023 | AU$3.9b | AU$6.8b | AU$73.9m | 37.4x | 52.4x | 0.6x |
| Sun, 28 May 2023 | AU$3.8b | AU$6.8b | AU$174.4m | 36x | 21.5x | 0.6x |
Price to Earnings Ratio
21.5x
Current Industry PE
- Investors are pessimistic on the Australian Agricultural Products industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 37.9x which is lower than its 3-year average PE of 50.3x.
- The industry is trading close to its 3-year average PS ratio of 0.58x.
Past Earnings Growth
- The earnings for companies in the Agricultural Products industry have declined 16% per year over the last three years.
- Meanwhile revenues for these companies have grown 24% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Australian Agricultural Products compare with similar industries?
| AU Market | -1.73% | |
| Consumer Staples | 1.60% | |
| Food | -5.58% | |
| Agricultural Products | -14.57% | |
| Packaged Foods and Meats | 0.98% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SHV Select Harvests | AU$3.68 | 3.1% +AU$15.6m | -20.0% | PE16.4x | |
| RIC Ridley | AU$2.70 | 1.1% +AU$11.2m | 4.7% | PE13.7x | |
| AAP Australian Agricultural Projects | AU$0.061 | 1.7% +AU$368.6k | 45.2% | PE33.3x |
