Narrative Update • Jun 12
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Australian (ASX) Energy Sector Analysis
UpdatedJun 14, 2026
DataAggregated Company Financials
Companies107
- 7D-0.7%
- 3M-1.2%
- 1Y21.5%
- YTD21.3%
Last week, the Energy industry hasn't moved much but Santos is up 3.2% in that time. The past year has been better, since the industry has gained 21% in that time. As for the next few years, earnings are expected to grow by 12% per annum.
Sector Valuation and Performance
Has the Australian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 14 Jun 2026 | AU$138.7b | AU$102.5b | AU$5.1b | 15.4x | 27.4x | 1.4x |
| Tue, 12 May 2026 | AU$136.4b | AU$101.7b | AU$4.9b | 15.5x | 27.8x | 1.3x |
| Thu, 09 Apr 2026 | AU$142.4b | AU$102.5b | AU$5.0b | 16.1x | 28.3x | 1.4x |
| Sat, 07 Mar 2026 | AU$133.7b | AU$102.8b | AU$5.4b | 19.7x | 24.6x | 1.3x |
| Mon, 02 Feb 2026 | AU$124.9b | AU$108.7b | AU$6.5b | 15.4x | 19.2x | 1.1x |
| Wed, 31 Dec 2025 | AU$111.4b | AU$109.8b | AU$6.8b | 12.9x | 16.5x | 1x |
| Fri, 28 Nov 2025 | AU$113.6b | AU$110.6b | AU$6.9b | 13.3x | 16.5x | 1x |
| Sun, 26 Oct 2025 | AU$112.9b | AU$110.7b | AU$6.9b | 13.1x | 16.3x | 1x |
| Tue, 23 Sep 2025 | AU$110.0b | AU$110.3b | AU$7.0b | 13.4x | 15.6x | 1x |
| Thu, 21 Aug 2025 | AU$116.8b | AU$110.7b | AU$7.6b | 13.1x | 15.4x | 1.1x |
| Sat, 19 Jul 2025 | AU$116.7b | AU$112.5b | AU$9.0b | 14.9x | 13x | 1x |
| Mon, 16 Jun 2025 | AU$112.0b | AU$112.6b | AU$9.0b | 13.8x | 12.4x | 1x |
| Wed, 14 May 2025 | AU$101.9b | AU$113.0b | AU$9.1b | 13x | 11.2x | 0.9x |
| Fri, 11 Apr 2025 | AU$91.4b | AU$114.1b | AU$9.4b | 13.2x | 9.7x | 0.8x |
| Sun, 09 Mar 2025 | AU$102.1b | AU$113.3b | AU$9.2b | 10.1x | 11.1x | 0.9x |
| Tue, 04 Feb 2025 | AU$117.0b | AU$112.4b | AU$6.5b | 12.5x | 18x | 1x |
| Thu, 02 Jan 2025 | AU$114.5b | AU$112.4b | AU$6.5b | 12.5x | 17.6x | 1x |
| Sat, 30 Nov 2024 | AU$112.6b | AU$110.9b | AU$6.2b | 12.6x | 18.1x | 1x |
| Mon, 28 Oct 2024 | AU$115.8b | AU$110.4b | AU$6.2b | 11.7x | 18.8x | 1x |
| Wed, 25 Sep 2024 | AU$116.7b | AU$109.4b | AU$5.9b | 10.8x | 19.7x | 1.1x |
| Fri, 23 Aug 2024 | AU$120.2b | AU$110.8b | AU$5.6b | 9.8x | 21.4x | 1.1x |
| Sun, 21 Jul 2024 | AU$135.1b | AU$112.8b | AU$7.5b | 9.5x | 18x | 1.2x |
| Tue, 18 Jun 2024 | AU$127.6b | AU$113.1b | AU$7.5b | 9.4x | 16.9x | 1.1x |
| Thu, 16 May 2024 | AU$135.0b | AU$112.9b | AU$7.5b | 7.2x | 17.9x | 1.2x |
| Sat, 13 Apr 2024 | AU$135.0b | AU$113.7b | AU$7.6b | 8.1x | 17.7x | 1.2x |
| Mon, 11 Mar 2024 | AU$134.7b | AU$113.9b | AU$8.0b | 9.5x | 16.7x | 1.2x |
| Wed, 07 Feb 2024 | AU$143.0b | AU$129.6b | AU$19.7b | 6.2x | 7.3x | 1.1x |
| Fri, 05 Jan 2024 | AU$139.0b | AU$128.3b | AU$19.2b | 5.9x | 7.3x | 1.1x |
| Sun, 03 Dec 2023 | AU$131.4b | AU$128.6b | AU$19.3b | 6.1x | 6.8x | 1x |
| Tue, 31 Oct 2023 | AU$139.5b | AU$130.5b | AU$19.9b | 5.6x | 7x | 1.1x |
| Thu, 28 Sep 2023 | AU$144.0b | AU$130.5b | AU$20.0b | 4.8x | 7.2x | 1.1x |
| Sat, 26 Aug 2023 | AU$144.1b | AU$130.7b | AU$20.5b | 5x | 7x | 1.1x |
| Mon, 24 Jul 2023 | AU$141.1b | AU$127.4b | AU$23.0b | 5.6x | 6.1x | 1.1x |
| Wed, 21 Jun 2023 | AU$139.7b | AU$127.1b | AU$22.9b | 6.3x | 6.1x | 1.1x |
Price to Earnings Ratio
6.1x
Current Industry PE
- Investors are optimistic on the Australian Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 27.3x which is higher than its 3-year average PE of 15.1x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Energy industry have declined 39% per year over the last three years,
- Revenues have also declined 6.8% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Australian Energy sector?
| AU Market | 1.68% | |
| Energy | -0.66% | |
| Oil and Gas | -0.66% | |
| Energy Services | -3.05% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 15.1x.
- Analysts are expecting annual earnings growth of 11.7%, which is higher than its past year's earnings decline of 23.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 110% over the next 5 years.
- In contrast, the Oil and Gas 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| STO Santos | AU$8.07 | 3.2% +AU$810.1m | 15.9% | PE22.5x | |
| WDS Woodside Energy Group | AU$31.23 | 1.0% +AU$608.4m | 23.9% | PE15.4x | |
| ALD Ampol | AU$36.45 | 1.2% +AU$102.5m | 41.2% | PE105.4x | |
| KAR Karoon Energy | AU$2.03 | 4.4% +AU$60.4m | 2.3% | PE8.1x | |
| VEA Viva Energy Group | AU$2.25 | 0.4% +AU$16.4m | 11.4% | PS0.1x |
