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Australian (ASX) Food Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies26
  • 7D-0.7%
  • 3M-2.0%
  • 1Y-6.3%
  • YTD-15.5%

Last week, the Food industry hasn't moved much but Ricegrowers is up 5.8% in that time. As for the longer term, the industry has declined 6.3% in the last year. 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
Mon, 08 Jun 2026AU$10.6bAU$22.8bAU$331.8m14.4x32x0.5x
Wed, 06 May 2026AU$11.0bAU$22.7bAU$322.4m15.4x34.1x0.5x
Fri, 03 Apr 2026AU$11.3bAU$22.7bAU$322.4m17.5x35.1x0.5x
Sun, 01 Mar 2026AU$11.4bAU$22.7bAU$317.7m16.3x35.8x0.5x
Tue, 27 Jan 2026AU$10.8bAU$15.0bAU$351.9m14.5x30.7x0.7x
Thu, 25 Dec 2025AU$10.6bAU$15.0bAU$351.9m15x30.1x0.7x
Sat, 22 Nov 2025AU$10.4bAU$15.4bAU$353.0m15.2x29.4x0.7x
Mon, 20 Oct 2025AU$10.5bAU$15.4bAU$311.2m15.6x33.6x0.7x
Wed, 17 Sep 2025AU$10.5bAU$15.4bAU$311.0m13.8x33.7x0.7x
Fri, 15 Aug 2025AU$10.0bAU$15.4bAU$270.0m23.2x36.9x0.6x
Sun, 13 Jul 2025AU$9.3bAU$15.5bAU$241.7m26.1x38.7x0.6x
Tue, 10 Jun 2025AU$9.3bAU$15.5bAU$237.7m24x39x0.6x
Thu, 08 May 2025AU$9.3bAU$15.4bAU$212.0m26.4x43.9x0.6x
Sat, 05 Apr 2025AU$8.8bAU$15.2bAU$237.1m25.5x37x0.6x
Mon, 03 Mar 2025AU$9.3bAU$15.2bAU$227.9m28.1x40.8x0.6x
Wed, 29 Jan 2025AU$9.2bAU$15.1bAU$127.8m25x72.3x0.6x
Fri, 27 Dec 2024AU$9.0bAU$15.1bAU$123.9m23x72.8x0.6x
Sun, 24 Nov 2024AU$8.6bAU$14.9bAU$99.3m23.1x87x0.6x
Tue, 22 Oct 2024AU$8.7bAU$14.8b-AU$22,841,619.3920.4x-379.3x0.6x
Thu, 19 Sep 2024AU$8.5bAU$15.0b-AU$80,388,959.9619.7x-105.3x0.6x
Sat, 17 Aug 2024AU$8.4bAU$14.8b-AU$342,382,362.1116.8x-24.4x0.6x
Mon, 15 Jul 2024AU$8.2bAU$14.8b-AU$344,195,401.0915.6x-23.7x0.6x
Wed, 12 Jun 2024AU$8.1bAU$14.7b-AU$342,920,264.0215.9x-23.5x0.5x
Fri, 10 May 2024AU$8.0bAU$15.0b-AU$460,937,179.7615.2x-17.4x0.5x
Sun, 07 Apr 2024AU$8.4bAU$15.0b-AU$460,934,093.5916.9x-18.2x0.6x
Tue, 05 Mar 2024AU$8.1bAU$15.0b-AU$444,306,718.5816.7x-18.1x0.5x
Thu, 01 Feb 2024AU$12.5bAU$18.5b-AU$499,339,035.0020.7x-25x0.7x
Sat, 30 Dec 2023AU$12.0bAU$18.5b-AU$498,572,009.0021.1x-24x0.6x
Mon, 27 Nov 2023AU$11.5bAU$18.4b-AU$516,536,073.0022.9x-22.2x0.6x
Wed, 25 Oct 2023AU$11.1bAU$18.7b-AU$319,785,296.0023x-34.7x0.6x
Fri, 22 Sep 2023AU$11.0bAU$18.7b-AU$317,053,009.0022.1x-34.7x0.6x
Sun, 20 Aug 2023AU$11.7bAU$18.4b-AU$22,880,742.0020.6x-512.1x0.6x
Tue, 18 Jul 2023AU$11.4bAU$18.1b-AU$72,066,628.0033x-158.4x0.6x
Thu, 15 Jun 2023AU$10.8bAU$18.0b-AU$76,073,549.0029.7x-142.2x0.6x
Price to Earnings Ratio

-142.2x


Total Market Cap: AU$10.8bTotal Earnings: -AU$76,073,549.00Total Revenue: AU$18.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Food Industry Price to Earnings3Y Average -20.7x202420252026
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 32.0x which is higher than its 3-year average PE of -20.7x.
  • 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 8.2% 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-1.23%
Consumer Staples1.73%
Food-0.65%
Agricultural Products-0.50%
Packaged Foods and Meats-0.75%
Industry PE
  • Investors are most optimistic about the Agricultural Products industry even though it's trading below its 3-year average PE ratio of 50.7x.
    • Analysts are expecting annual earnings growth of 26.9%, 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 9.5x.
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$12.865.8%
+AU$48.4m		16.9%PE12x
GNC GrainCorpAU$5.123.9%
+AU$41.1m		-33.7%PS0.2x
AAC Australian AgriculturalAU$1.321.5%
+AU$12.0m		-3.6%PE7.4x
RIC RidleyAU$2.830.4%
+AU$3.7m		5.6%PE14.4x
FRM Farm Pride FoodsAU$0.237.0%
+AU$3.5m		-23.3%PE4x

Latest News

BGA
AU$5.45
Bega Cheese
7D
-1.3%
1Y
-2.9%
BUB
AU$0.087
Bubs Australia
7D
-5.4%
1Y
-37.9%
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$3.97
Cobram Estate Olives
7D
-3.6%
1Y
96.5%
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.
SGLLV
AU$12.86
Ricegrowers
7D
5.8%
1Y
16.9%
Narrative Update • Jun 04

SGLLV: Stable Fair Value And Softer FY26 Guidance Will Support Upside

Analysts have reiterated their A$17.97 price target for Ricegrowers, citing updated assumptions that reflect a slightly higher discount rate, marginally different revenue growth and profit margin expectations, and an adjusted forward P/E estimate. What's in the News Ricegrowers issued earnings guidance for FY26, indicating that full year revenue is expected to be broadly in line with or slightly below the prior corresponding period.
SPG
AU$0.12
SPC Global Holdings
7D
9.5%
1Y
-65.7%
RIC
AU$2.83
Ridley
7D
0.4%
1Y
5.6%
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.
ELD
AU$5.31
Elders
7D
-4.5%
1Y
-13.2%
Narrative Update • Jun 03

ELD: Cost Pressures And Integration Progress Will Shape Earnings And Capital Use

Analysts have reset Elders' price target to A$5.34 from A$8.64, reflecting a lower fair value estimate and more cautious assumptions on revenue growth, profit margins and future P/E after what they view as disappointing first half results. What's in the News First half FY26 underlying EBIT was reported to be 33% higher year on year, supported by improved seasonal conditions, higher livestock prices and contributions from the Delta Agribusiness acquisition (source: Elders Reports 33% Profit Surge, Shares Plunge Amid Cost and Integration Concerns).
AAC
AU$1.32
Australian Agricultural
7D
1.5%
1Y
-3.6%
SHV
AU$3.86
Select Harvests
7D
-1.8%
1Y
-14.4%
GNC
AU$5.12
GrainCorp
7D
3.9%
1Y
-33.7%
New Narrative • Jun 01

Long Term Grain And Agri Energy Trends Will Support A Stronger Earnings Recovery

Catalysts About GrainCorp GrainCorp is an Australian agribusiness that handles, stores, processes and trades grain, oilseeds and related nutrition and energy products across domestic and export markets. What are the underlying business or industry changes driving this perspective?
ING
AU$2.08
Inghams Group
7D
-0.5%
1Y
-44.5%
FRM
AU$0.23
Farm Pride Foods
7D
7.0%
1Y
-23.3%
SEA
AU$2.43
Sea Forest
7D
1.7%
1Y
n/a
NUC
AU$0.13
Nuchev
7D
-16.7%
1Y
-21.9%
MBH
AU$0.07
Maggie Beer Holdings
7D
-10.3%
1Y
25.0%
OMG
AU$0.007
OMG Group
7D
16.7%
1Y
16.7%