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Australian (ASX) Food Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies26
  • 7D1.3%
  • 3M-1.0%
  • 1Y-8.2%
  • YTD-15.6%

Over the last 7 days, the Food industry has risen 1.3%, driven by gains from Bega Cheese of 3.3%. During this same period, the Decidr AI Industries underperformed, falling 24%. In the past year, the industry is down 8.2%. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026AU$10.6bAU$22.8bAU$331.8m14.5x31.9x0.5x
Sat, 09 May 2026AU$10.9bAU$22.7bAU$322.4m15.9x33.8x0.5x
Mon, 06 Apr 2026AU$11.3bAU$22.7bAU$322.4m17.5x35.1x0.5x
Wed, 04 Mar 2026AU$11.2bAU$22.7bAU$312.4m17.8x36x0.5x
Fri, 30 Jan 2026AU$10.7bAU$15.0bAU$351.9m15x30.4x0.7x
Sun, 28 Dec 2025AU$10.6bAU$15.0bAU$351.9m15x30.1x0.7x
Tue, 25 Nov 2025AU$10.4bAU$15.4bAU$353.0m14.9x29.5x0.7x
Thu, 23 Oct 2025AU$10.4bAU$15.4bAU$311.2m15.8x33.5x0.7x
Sat, 20 Sep 2025AU$10.5bAU$15.4bAU$311.0m14.5x33.7x0.7x
Mon, 18 Aug 2025AU$10.0bAU$15.4bAU$270.0m23.2x37x0.6x
Wed, 16 Jul 2025AU$9.4bAU$15.5bAU$241.7m25.9x38.8x0.6x
Fri, 13 Jun 2025AU$9.5bAU$15.5bAU$237.7m23.6x39.8x0.6x
Sun, 11 May 2025AU$9.4bAU$15.4bAU$211.9m27.3x44.2x0.6x
Tue, 08 Apr 2025AU$8.5bAU$15.2bAU$236.9m24.4x35.9x0.6x
Thu, 06 Mar 2025AU$9.0bAU$15.2bAU$237.3m27.7x37.9x0.6x
Sat, 01 Feb 2025AU$9.4bAU$15.1bAU$127.7m24.6x73.2x0.6x
Mon, 30 Dec 2024AU$9.1bAU$15.1bAU$123.9m23x73.7x0.6x
Wed, 27 Nov 2024AU$8.6bAU$14.9bAU$99.3m22.8x86.9x0.6x
Fri, 25 Oct 2024AU$8.7bAU$14.8b-AU$22,874,863.0320.8x-380x0.6x
Sun, 22 Sep 2024AU$8.5bAU$15.0b-AU$80,352,388.1320.1x-105.2x0.6x
Tue, 20 Aug 2024AU$8.4bAU$14.8b-AU$342,233,919.6416.9x-24.6x0.6x
Thu, 18 Jul 2024AU$8.3bAU$14.8b-AU$344,291,072.4015.7x-24.1x0.6x
Sat, 15 Jun 2024AU$7.9bAU$14.7b-AU$342,883,229.9615.9x-22.9x0.5x
Mon, 13 May 2024AU$8.1bAU$15.0b-AU$460,872,370.1615.2x-17.5x0.5x
Wed, 10 Apr 2024AU$8.2bAU$15.0b-AU$460,865,998.3316.8x-17.7x0.5x
Fri, 08 Mar 2024AU$8.1bAU$15.0b-AU$444,201,623.7816.7x-18.3x0.5x
Sun, 04 Feb 2024AU$12.5bAU$18.5b-AU$499,572,884.0020.7x-25.1x0.7x
Tue, 02 Jan 2024AU$12.0bAU$18.5b-AU$498,533,034.0021.1x-24x0.6x
Thu, 30 Nov 2023AU$11.4bAU$18.4b-AU$516,417,703.0021.6x-22.1x0.6x
Sat, 28 Oct 2023AU$11.0bAU$18.7b-AU$319,729,069.0022.8x-34.4x0.6x
Mon, 25 Sep 2023AU$11.1bAU$18.7b-AU$317,111,876.0022.1x-34.9x0.6x
Wed, 23 Aug 2023AU$11.5bAU$18.4b-AU$22,882,489.0020.7x-502.5x0.6x
Fri, 21 Jul 2023AU$11.4bAU$18.1b-AU$71,959,878.0032.8x-158.1x0.6x
Sun, 18 Jun 2023AU$10.8bAU$18.0b-AU$76,117,875.0029.9x-141.7x0.6x
Price to Earnings Ratio

-141.7x


Total Market Cap: AU$10.8bTotal Earnings: -AU$76,117,875.00Total Revenue: AU$18.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Food Industry Price to Earnings3Y Average -20.2x202420252026
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 31.9x which is higher than its 3-year average PE of -20.2x.
  • 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 8.2% 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-1.74%
Consumer Staples7.43%
Food1.31%
Packaged Foods and Meats1.57%
Agricultural Products0.91%
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 26.7%, 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 9.7x.
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 12% 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$5.633.3%
+AU$55.0m		0.5%PE209.8x
RIC RidleyAU$2.881.8%
+AU$18.7m		0%PE14.6x
ING Inghams GroupAU$2.101.9%
+AU$14.9m		-45.5%PE13.8x
SGLLV RicegrowersAU$12.861.7%
+AU$14.3m		17.4%PE12x
GNC GrainCorpAU$5.120.6%
+AU$6.5m		-35.4%PS0.2x

Latest News

GNC
AU$5.12
GrainCorp
7D
0.6%
1Y
-35.4%
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
1.9%
1Y
-45.5%
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.
BGA
AU$5.63
Bega Cheese
7D
3.3%
1Y
0.5%
BUB
AU$0.083
Bubs Australia
7D
-4.6%
1Y
-44.7%
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$3.98
Cobram Estate Olives
7D
-1.2%
1Y
92.3%
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.
SGLLV
AU$12.86
Ricegrowers
7D
1.7%
1Y
17.4%
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.
RIC
AU$2.88
Ridley
7D
1.8%
1Y
0%
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$5.21
Elders
7D
-2.1%
1Y
-17.3%
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$1.30
Australian Agricultural
7D
-1.1%
1Y
-5.8%
MCA
AU$0.14
Murray Cod Australia
7D
-12.5%
1Y
-84.6%
DBF
AU$0.50
Duxton Farms
7D
-11.5%
1Y
-60.0%
DAI
AU$0.45
Decidr AI Industries
7D
-23.9%
1Y
8.5%
SEA
AU$2.22
Sea Forest
7D
-8.6%
1Y
n/a
AAP
AU$0.059
Australian Agricultural Projects
7D
7.3%
1Y
34.1%
MBH
AU$0.07
Maggie Beer Holdings
7D
2.9%
1Y
9.4%