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Australian (ASX) Food Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies28
  • 7D-0.1%
  • 3M-9.0%
  • 1Y-2.8%
  • YTD-10.6%

The Food is pretty flat in the last 7 days, but Bega Cheese has stood out, gaining 4.5%. Furthermore, the industry has been flat for the past year as well. 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
Tue, 24 Feb 2026AU$11.1bAU$22.4bAU$367.4m14.2x30.3x0.5x
Thu, 22 Jan 2026AU$10.7bAU$15.0bAU$351.9m14.3x30.3x0.7x
Sat, 20 Dec 2025AU$10.4bAU$15.0bAU$351.9m15.2x29.5x0.7x
Mon, 17 Nov 2025AU$10.4bAU$15.4bAU$311.2m15.4x33.3x0.7x
Wed, 15 Oct 2025AU$10.5bAU$15.4bAU$311.2m15.9x33.6x0.7x
Fri, 12 Sep 2025AU$10.3bAU$15.4bAU$311.0m13.4x33x0.7x
Sun, 10 Aug 2025AU$9.9bAU$15.4bAU$270.0m23x36.5x0.6x
Tue, 08 Jul 2025AU$9.4bAU$15.5bAU$241.6m24.6x39x0.6x
Thu, 05 Jun 2025AU$9.3bAU$15.5bAU$237.6m23.6x39.2x0.6x
Sat, 03 May 2025AU$9.2bAU$15.4bAU$211.9m26.5x43.5x0.6x
Mon, 31 Mar 2025AU$9.1bAU$15.2bAU$237.3m27.6x38.4x0.6x
Wed, 26 Feb 2025AU$9.3bAU$15.1bAU$142.7m25x65.2x0.6x
Fri, 24 Jan 2025AU$9.3bAU$15.1bAU$127.8m24.5x72.4x0.6x
Sun, 22 Dec 2024AU$8.7bAU$15.1bAU$123.9m23.3x70.4x0.6x
Tue, 19 Nov 2024AU$8.7bAU$14.8b-AU$23,035,540.5321.5x-379.5x0.6x
Thu, 17 Oct 2024AU$8.6bAU$14.8b-AU$22,849,703.6820.4x-376.2x0.6x
Sat, 14 Sep 2024AU$8.5bAU$15.0b-AU$80,419,250.9119.8x-106x0.6x
Mon, 12 Aug 2024AU$8.2bAU$14.8b-AU$342,500,359.1016.3x-24.1x0.6x
Wed, 10 Jul 2024AU$8.0bAU$14.8b-AU$344,294,158.5715.9x-23.3x0.5x
Fri, 07 Jun 2024AU$8.1bAU$14.7b-AU$342,806,075.6815.6x-23.6x0.6x
Sun, 05 May 2024AU$8.1bAU$15.0b-AU$460,858,996.7515.1x-17.6x0.5x
Tue, 02 Apr 2024AU$8.4bAU$15.0b-AU$461,077,086.2016.7x-18.2x0.6x
Thu, 29 Feb 2024AU$8.1bAU$15.0b-AU$437,393,782.7715.2x-18.6x0.5x
Sat, 27 Jan 2024AU$12.4bAU$18.5b-AU$499,326,562.0020.7x-24.8x0.7x
Mon, 25 Dec 2023AU$11.9bAU$18.5b-AU$498,572,009.0020.9x-23.8x0.6x
Wed, 22 Nov 2023AU$11.6bAU$18.4b-AU$495,745,176.0023.5x-23.4x0.6x
Fri, 20 Oct 2023AU$11.2bAU$18.7b-AU$319,853,655.0023x-35.1x0.6x
Sun, 17 Sep 2023AU$11.2bAU$18.7b-AU$317,097,313.0022.9x-35.3x0.6x
Tue, 15 Aug 2023AU$11.5bAU$18.1b-AU$70,461,277.0023.4x-162.8x0.6x
Thu, 13 Jul 2023AU$11.3bAU$18.1b-AU$72,007,496.0033x-157.1x0.6x
Sat, 10 Jun 2023AU$10.7bAU$18.0b-AU$76,000,025.0028.6x-141.4x0.6x
Mon, 08 May 2023AU$11.4bAU$17.8bAU$227.6m26.6x50.2x0.6x
Wed, 05 Apr 2023AU$11.6bAU$17.8bAU$227.6m26.2x50.8x0.7x
Fri, 03 Mar 2023AU$11.4bAU$17.7bAU$226.1m20.3x50.4x0.6x
Price to Earnings Ratio

50.4x


Total Market Cap: AU$11.4bTotal Earnings: AU$226.1mTotal Revenue: AU$17.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Food Industry Price to Earnings3Y Average -19.8x202420252026
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 30.3x which is higher than its 3-year average PE of -19.8x.
  • 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 18% per year over the last three years.
  • Revenues for these companies have grown 8.1% 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 Market0.97%
Consumer Staples-1.57%
Food-0.12%
Agricultural Products0.55%
Packaged Foods and Meats-0.58%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry even though it's trading below its 3-year average PE ratio of 49.3x.
    • Analysts are expecting annual earnings growth of 25.0%, which is higher than its past year's earnings growth of 11.6% per year.
  • Investors are most pessimistic about the Packaged Foods and Meats industry, which is trading below its 3-year average of 53.3x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 25% 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 11% 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$6.192.3%
+AU$42.8m		16.4%PE230.5x
GNC GrainCorpAU$5.941.4%
+AU$17.3m		-13.7%PE32.2x
SPG SPC Global HoldingsAU$0.4115.5%
+AU$10.6m		-36.9%PS0.2x
ELD EldersAU$7.130.6%
+AU$8.6m		-0.1%PE30.4x
SFG Seafarms GroupAU$0.00350.0%
+AU$4.9m		50.0%PS1x

Latest News

SPG
AU$0.41
SPC Global Holdings
7D
15.5%
1Y
-36.9%
SGLLV
AU$12.94
Ricegrowers
7D
-7.2%
1Y
24.2%
BGA
AU$6.19
Bega Cheese
7D
2.3%
1Y
16.4%
ING
AU$2.09
Inghams Group
7D
-13.3%
1Y
-38.0%
ELD
AU$7.13
Elders
7D
0.6%
1Y
-0.1%

ELD: Analyst Day Assumptions Will Guide Expectations For Future Earnings Quality

Analysts have kept their Elders price target steady at A$7.30, with modest tweaks to revenue growth, profit margin and future P/E assumptions supporting this unchanged view. What's in the News Elders Limited held an Analyst/Investor Day, giving the market a fresh chance to hear directly from management on the current business outlook and priorities (Key Developments).
CBO
AU$3.02
Cobram Estate Olives
7D
-6.8%
1Y
50.2%
FFI
AU$4.82
FFI Holdings
7D
7.3%
1Y
15.6%
GNC
AU$5.94
GrainCorp
7D
1.4%
1Y
-13.7%

GNC: Higher Future P/E And Trimmed Fair Value Will Support Upside Potential

Analysts have trimmed their fair value estimate for GrainCorp by A$0.45 per share. This reflects slightly softer revenue and margin assumptions and a modestly higher future P/E of about 20.5x following recent research updates, including the latest downgrade at RBC Capital.
AAC
AU$1.34
Australian Agricultural
7D
-0.4%
1Y
-9.8%
BUB
AU$0.12
Bubs Australia
7D
-4.0%
1Y
-17.2%
SHV
AU$3.79
Select Harvests
7D
-3.8%
1Y
-21.2%

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

Feb 10
This Is Why Select Harvests Limited's (ASX:SHV) CEO Compensation Looks Appropriate
NOU
AU$0.12
Noumi
7D
4.3%
1Y
-29.4%
DAI
AU$0.40
Decidr AI Industries
7D
-4.8%
1Y
-56.6%
SFG
AU$0.003
Seafarms Group
7D
50.0%
1Y
50.0%

Benign Growth For Seafarms Group Limited (ASX:SFG) Underpins Stock's 33% Plummet

Jan 24
Benign Growth For Seafarms Group Limited (ASX:SFG) Underpins Stock's 33% Plummet
SEA
AU$2.95
Sea Forest
7D
1.4%
1Y
n/a
MCA
AU$0.52
Murray Cod Australia
7D
-12.0%
1Y
-61.3%