Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Food Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies26
  • 7D-2.8%
  • 3M-5.6%
  • 1Y-9.7%
  • YTD-17.2%

Over the last 7 days, the Food industry has dropped 2.8%, driven by a pullback from Ridley of 7.0%. On the other hand Ricegrowers is actually up 8.0%. Overall the industry is down 9.7% in 12 months. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jun 2026AU$10.4bAU$22.8bAU$331.8m13.5x31.3x0.5x
Fri, 22 May 2026AU$10.4bAU$22.9bAU$284.2m13.7x36.5x0.5x
Sun, 19 Apr 2026AU$11.3bAU$22.7bAU$322.4m15.3x35.1x0.5x
Tue, 17 Mar 2026AU$10.7bAU$22.7bAU$310.7m16.9x34.5x0.5x
Thu, 12 Feb 2026AU$11.5bAU$22.3bAU$391.8m14x29.3x0.5x
Sat, 10 Jan 2026AU$11.0bAU$15.0bAU$351.9m14.8x31.2x0.7x
Mon, 08 Dec 2025AU$10.6bAU$15.5bAU$343.1m15.2x30.8x0.7x
Wed, 05 Nov 2025AU$10.2bAU$15.4bAU$311.2m16.4x32.9x0.7x
Fri, 03 Oct 2025AU$10.5bAU$15.4bAU$311.0m15.3x33.6x0.7x
Sun, 31 Aug 2025AU$10.3bAU$15.4bAU$251.3m14.2x41x0.7x
Tue, 29 Jul 2025AU$9.5bAU$15.5bAU$243.1m24.5x39.1x0.6x
Thu, 26 Jun 2025AU$9.4bAU$15.5bAU$237.6m23.6x39.5x0.6x
Sat, 24 May 2025AU$9.2bAU$15.4bAU$176.4m27.8x51.9x0.6x
Mon, 21 Apr 2025AU$8.7bAU$15.2bAU$237.5m24.6x36.8x0.6x
Wed, 19 Mar 2025AU$9.0bAU$15.2bAU$237.5m27.9x38x0.6x
Fri, 14 Feb 2025AU$9.4bAU$15.1bAU$127.8m23.6x73.9x0.6x
Sun, 12 Jan 2025AU$9.1bAU$15.1bAU$123.8m23.9x73.4x0.6x
Tue, 10 Dec 2024AU$8.7bAU$15.1bAU$122.7m22.6x71.2x0.6x
Thu, 07 Nov 2024AU$8.7bAU$14.8b-AU$22,959,273.2420.8x-379.7x0.6x
Sat, 05 Oct 2024AU$8.4bAU$14.8b-AU$27,036,045.0720.4x-309.5x0.6x
Mon, 02 Sep 2024AU$8.3bAU$15.0b-AU$83,067,202.2817.6x-100x0.6x
Wed, 31 Jul 2024AU$8.4bAU$14.8b-AU$344,760,170.4516.4x-24.3x0.6x
Fri, 28 Jun 2024AU$8.0bAU$14.7b-AU$342,778,300.1315.9x-23.4x0.5x
Sun, 26 May 2024AU$7.9bAU$14.7b-AU$440,200,847.8015.6x-17.9x0.5x
Tue, 23 Apr 2024AU$8.0bAU$15.0b-AU$461,330,152.2516.7x-17.4x0.5x
Thu, 21 Mar 2024AU$8.2bAU$15.0b-AU$461,050,430.4916.7x-17.8x0.5x
Sat, 17 Feb 2024AU$9.6bAU$16.3b-AU$433,626,966.6816.5x-22.1x0.6x
Mon, 15 Jan 2024AU$12.0bAU$18.5b-AU$498,974,230.0020.4x-24.1x0.6x
Wed, 13 Dec 2023AU$11.6bAU$18.4b-AU$520,728,777.0021.1x-22.2x0.6x
Fri, 10 Nov 2023AU$11.3bAU$18.7b-AU$319,456,862.0024.3x-35.4x0.6x
Sun, 08 Oct 2023AU$11.0bAU$18.7b-AU$318,064,569.0022x-34.5x0.6x
Tue, 05 Sep 2023AU$11.2bAU$18.7b-AU$317,046,893.0023.5x-35.5x0.6x
Thu, 03 Aug 2023AU$11.4bAU$18.1b-AU$71,855,127.0033x-159x0.6x
Sat, 01 Jul 2023AU$10.6bAU$18.1b-AU$71,821,648.0029x-147.5x0.6x
Price to Earnings Ratio

-147.5x


Total Market Cap: AU$10.6bTotal Earnings: -AU$71,821,648.00Total Revenue: AU$18.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Food Industry Price to Earnings3Y Average -18.2x202420252026
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 31.3x which is higher than its 3-year average PE of -18.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.59x.
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 8.0% 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-1.45%
Consumer Staples0.57%
Food-2.75%
Packaged Foods and Meats-1.83%
Agricultural Products-4.23%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry even though it's trading below its 3-year average PE ratio of 50.5x.
    • Analysts are expecting annual earnings growth of 26.8%, which is higher than its past year's earnings decline of 8.4% 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 10.6x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 8.4% 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
SGLLV RicegrowersAU$14.669.5%
+AU$86.5m		33.3%PE13.7x
PFT Pure Foods TasmaniaAU$0.02321.1%
+AU$1.2m		27.8%PS1.5x
OMG OMG GroupAU$0.00658.3%
+AU$473.1k		30.0%PS1.1x

Latest News

GNC
AU$4.98
GrainCorp
7D
-5.0%
1Y
-37.0%
SGLLV
AU$14.66
Ricegrowers
7D
9.5%
1Y
33.3%
Narrative Update • Jun 18

SGLLV: Steady Fair Value And Lower Future P/E Will Support Upside

Analysts have kept their fair value estimate for Ricegrowers steady at A$17.97 while trimming their assumed future P/E multiple from about 26x to 22.34x. This reflects a more conservative view on how the stock might be valued relative to its earnings profile.
ELD
AU$5.01
Elders
7D
-3.8%
1Y
-20.1%
Narrative Update • Jun 17

ELD: Disappointing First Half Results Will Guide Future Earnings And Capital Use

Analysts have reduced their price target on Elders to A$5.34 from A$8.64, citing what they describe as disappointing first half results, despite largely unchanged underlying valuation assumptions. What’s in the News for Elders Analysts have revised their Elders price target to A$5.34 from A$8.64, which highlights a reassessment of expectations.
SHV
AU$3.82
Select Harvests
7D
-3.8%
1Y
-9.5%
ING
AU$1.95
Inghams Group
7D
-9.1%
1Y
-45.8%
Narrative Update • Jun 08

ING: New Finance Leadership Will Support Future Upside Potential

Analysts have trimmed their price target for Inghams Group to A$2.35 from A$2.43 as updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E are incorporated into their models. What's in the News Inghams Group appointed Grant Douglas as Chief Financial Officer, effective October 2026, following an external search process.
CBO
AU$3.82
Cobram Estate Olives
7D
-4.5%
1Y
79.3%
Narrative Update • Jun 04

CBO: Future Returns Will Reflect Stable Assumptions And Balanced Risk Profile

Analysts have kept their A$3.78 price target for Cobram Estate Olives unchanged, citing consistent assumptions for revenue growth, profit margins and future P/E as supporting factors for maintaining their view. What's in the News No recent company specific news for Cobram Estate Olives is available from the provided sources.
RIC
AU$2.65
Ridley
7D
-7.0%
1Y
-7.3%
Narrative Update • Jun 04

RIC: Stable Margins And Revenue Outlook Will Support Bullish Re Rating

Ridley's analyst price target has been revised to A$3.30, with analysts pointing to updated assumptions around the discount rate, revenue growth, profit margin and future P/E as the key drivers of this change. What's in the News No recent company specific news items were identified in the provided sources for Ridley.
PFT
AU$0.023
Pure Foods Tasmania
7D
21.1%
1Y
27.8%
DAI
AU$0.45
Decidr AI Industries
7D
-5.3%
1Y
-21.1%
SEA
AU$2.14
Sea Forest
7D
-4.0%
1Y
n/a
OMG
AU$0.0065
OMG Group
7D
8.3%
1Y
30.0%