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Australian (ASX) Food Industry Analysis

UpdatedJun 21, 2026
DataAggregated Company Financials
Companies26
  • 7D-0.9%
  • 3M-2.2%
  • 1Y-8.1%
  • YTD-15.9%

The Food is pretty flat in the last 7 days, but Ricegrowers has stood out, gaining 6.5%. Unfortunately though, the industry is down 8.1% over the past 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
Sun, 21 Jun 2026AU$10.6bAU$22.8bAU$331.8m14.1x31.8x0.5x
Tue, 19 May 2026AU$10.4bAU$22.5bAU$268.9m13.6x38.8x0.5x
Thu, 16 Apr 2026AU$11.4bAU$22.7bAU$322.4m15.4x35.3x0.5x
Sat, 14 Mar 2026AU$10.7bAU$22.7bAU$310.7m16.9x34.5x0.5x
Mon, 09 Feb 2026AU$11.2bAU$22.3bAU$391.8m13.5x28.5x0.5x
Wed, 07 Jan 2026AU$10.8bAU$15.0bAU$351.9m14.7x30.7x0.7x
Fri, 05 Dec 2025AU$10.7bAU$15.5bAU$343.1m15.2x31.1x0.7x
Sun, 02 Nov 2025AU$10.3bAU$15.4bAU$311.2m16.3x33.2x0.7x
Tue, 30 Sep 2025AU$10.4bAU$15.4bAU$311.0m15.3x33.5x0.7x
Thu, 28 Aug 2025AU$10.2bAU$15.4bAU$257.6m16.5x39.7x0.7x
Sat, 26 Jul 2025AU$9.5bAU$15.5bAU$241.7m24.5x39.1x0.6x
Mon, 23 Jun 2025AU$9.4bAU$15.5bAU$237.6m23.6x39.5x0.6x
Wed, 21 May 2025AU$9.3bAU$15.4bAU$211.9m26.9x43.7x0.6x
Fri, 18 Apr 2025AU$8.7bAU$15.2bAU$237.5m24.6x36.8x0.6x
Sun, 16 Mar 2025AU$8.9bAU$15.2bAU$237.4m28.3x37.7x0.6x
Tue, 11 Feb 2025AU$9.5bAU$15.1bAU$127.8m23.1x74x0.6x
Thu, 09 Jan 2025AU$9.0bAU$15.1bAU$123.9m23.6x72.8x0.6x
Sat, 07 Dec 2024AU$8.8bAU$15.1bAU$122.8m23.5x71.5x0.6x
Mon, 04 Nov 2024AU$8.5bAU$14.8b-AU$22,954,683.4720.8x-372.4x0.6x
Wed, 02 Oct 2024AU$8.5bAU$14.8b-AU$26,976,582.5820.5x-314.1x0.6x
Fri, 30 Aug 2024AU$8.1bAU$15.0b-AU$76,108,573.6323.3x-106.1x0.5x
Sun, 28 Jul 2024AU$8.3bAU$14.8b-AU$344,733,423.6416.3x-24.1x0.6x
Tue, 25 Jun 2024AU$7.9bAU$14.7b-AU$342,791,673.5415.2x-22.9x0.5x
Thu, 23 May 2024AU$7.9bAU$14.7b-AU$440,121,636.0715.7x-17.9x0.5x
Sat, 20 Apr 2024AU$8.1bAU$15.0b-AU$461,258,141.5916.7x-17.6x0.5x
Mon, 18 Mar 2024AU$8.0bAU$15.0b-AU$460,981,414.8816.7x-17.4x0.5x
Wed, 14 Feb 2024AU$9.9bAU$16.2b-AU$480,285,664.9220.2x-20.6x0.6x
Fri, 12 Jan 2024AU$12.0bAU$18.5b-AU$498,922,783.0020.7x-24.1x0.6x
Sun, 10 Dec 2023AU$11.6bAU$18.4b-AU$520,688,027.0021.5x-22.3x0.6x
Tue, 07 Nov 2023AU$11.3bAU$18.7b-AU$319,119,584.0024.5x-35.5x0.6x
Thu, 05 Oct 2023AU$11.0bAU$18.7b-AU$318,285,061.0021.9x-34.5x0.6x
Sat, 02 Sep 2023AU$11.3bAU$18.7b-AU$308,542,405.0021.5x-36.7x0.6x
Mon, 31 Jul 2023AU$11.4bAU$18.1b-AU$71,889,582.0033x-157.9x0.6x
Wed, 28 Jun 2023AU$10.7bAU$18.1b-AU$71,893,363.0028.8x-149x0.6x
Price to Earnings Ratio

-149x


Total Market Cap: AU$10.7bTotal Earnings: -AU$71,893,363.00Total Revenue: AU$18.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Food Industry Price to Earnings3Y Average -18.6x202420252026
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 31.8x which is higher than its 3-year average PE of -18.8x.
  • 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 Market0.56%
Consumer Staples-0.31%
Food-0.91%
Packaged Foods and Meats-0.14%
Agricultural Products-2.14%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry even though it's trading below its 3-year average PE ratio of 50.6x.
    • Analysts are expecting annual earnings growth of 26.5%, 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 10.3x.
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$13.856.5%
+AU$57.9m		27.5%PE12.9x
SHV Select HarvestsAU$4.012.0%
+AU$11.4m		-4.5%PE19.1x
BGA Bega CheeseAU$5.690.5%
+AU$9.2m		3.5%PE212x
DAI Decidr AI IndustriesAU$0.484.3%
+AU$7.0m		-12.7%PS47.8x
BUB Bubs AustraliaAU$0.0851.2%
+AU$894.1k		-46.9%PE20.1x

Latest News

BGA
AU$5.69
Bega Cheese
7D
0.5%
1Y
3.5%
SGLLV
AU$13.85
Ricegrowers
7D
6.5%
1Y
27.5%
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$5.21
Elders
7D
-1.7%
1Y
-17.8%
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$4.01
Select Harvests
7D
2.0%
1Y
-4.5%
GNC
AU$5.01
GrainCorp
7D
-3.3%
1Y
-35.7%
Narrative Update • Jun 08

GNC: Lower Discount Rate And Firmer Margins Will Support Future Earnings Stability

Analysts have made a small trim to GrainCorp's assessed fair value, moving it from A$6.35 to A$6.27. This change reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations.
ING
AU$2.10
Inghams Group
7D
-0.9%
1Y
-42.0%
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.
BUB
AU$0.085
Bubs Australia
7D
1.2%
1Y
-46.9%
Narrative Update • Jun 05

BUB: Reaffirmed 2026 Earnings Guidance Will Support Long Term Upside

Analysts have reduced their fair value estimate for Bubs Australia from A$0.17 to about A$0.14. This change reflects updates to their models that now factor in adjusted discount rates, revenue growth assumptions, profit margins and a higher future P/E multiple.
CBO
AU$3.77
Cobram Estate Olives
7D
-3.8%
1Y
79.5%
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$2.78
Ridley
7D
-3.1%
1Y
-2.5%
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$0.021
Pure Foods Tasmania
7D
5.0%
1Y
23.5%
DBF
AU$0.46
Duxton Farms
7D
-9.0%
1Y
-66.5%
DAI
AU$0.48
Decidr AI Industries
7D
4.3%
1Y
-12.7%
FRM
AU$0.22
Farm Pride Foods
7D
-4.3%
1Y
-24.1%
SEA
AU$2.21
Sea Forest
7D
-1.8%
1Y
n/a
NUC
AU$0.11
Nuchev
7D
4.8%
1Y
-38.9%