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Australian (ASX) Energy Sector Analysis

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies104
  • 7D2.9%
  • 3M-2.5%
  • 1Y1.8%
  • YTD-0.8%

In the last week, the Energy industry is up 2.9%, with Whitehaven Coal up 13%. Meanwhile, MC Mining actually underperformed within the industry, shrinking 15% in the last week. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 10.0% annually.

Sector Valuation and Performance

Has the Australian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Dec 2025AU$117.0bAU$110.1bAU$6.8b13.6x17.2x1.1x
Mon, 03 Nov 2025AU$114.9bAU$110.5bAU$6.9b13x16.6x1x
Wed, 01 Oct 2025AU$110.6bAU$110.2bAU$6.9b13.4x16.1x1x
Fri, 29 Aug 2025AU$138.3bAU$110.7bAU$7.3b13.3x19x1.2x
Sun, 27 Jul 2025AU$121.4bAU$112.3bAU$8.9b15x13.6x1.1x
Tue, 24 Jun 2025AU$118.3bAU$113.2bAU$9.1b13.8x12.9x1x
Thu, 22 May 2025AU$101.9bAU$112.9bAU$9.1b13x11.2x0.9x
Sat, 19 Apr 2025AU$91.7bAU$113.1bAU$9.2b13.1x10x0.8x
Mon, 17 Mar 2025AU$101.7bAU$113.2bAU$9.2b14.5x11.1x0.9x
Wed, 12 Feb 2025AU$114.6bAU$112.0bAU$7.0b13.5x16.4x1x
Fri, 10 Jan 2025AU$117.1bAU$112.3bAU$6.5b12.5x18.1x1x
Sun, 08 Dec 2024AU$112.1bAU$111.4bAU$6.3b12.5x17.7x1x
Tue, 05 Nov 2024AU$113.6bAU$110.4bAU$6.2b11.6x18.5x1x
Thu, 03 Oct 2024AU$118.7bAU$109.2bAU$5.9b12.1x20.1x1.1x
Sat, 31 Aug 2024AU$119.4bAU$110.1bAU$6.3b12.6x19.1x1.1x
Mon, 29 Jul 2024AU$127.5bAU$113.0bAU$7.5b7.8x17.1x1.1x
Wed, 26 Jun 2024AU$130.4bAU$112.8bAU$7.5b9.2x17.4x1.2x
Fri, 24 May 2024AU$135.2bAU$112.9bAU$7.5b7.9x18x1.2x
Sun, 21 Apr 2024AU$136.8bAU$114.0bAU$7.7b7.8x17.8x1.2x
Tue, 19 Mar 2024AU$132.1bAU$114.1bAU$8.0b6.9x16.5x1.2x
Thu, 15 Feb 2024AU$137.9bAU$129.8bAU$19.2b6.1x7.2x1.1x
Sat, 13 Jan 2024AU$138.8bAU$128.5bAU$19.2b6.1x7.2x1.1x
Mon, 11 Dec 2023AU$130.0bAU$129.2bAU$19.5b5.7x6.7x1x
Wed, 08 Nov 2023AU$135.5bAU$130.2bAU$19.8b5.8x6.9x1x
Fri, 06 Oct 2023AU$146.7bAU$130.8bAU$20.0b5.9x7.4x1.1x
Sun, 03 Sep 2023AU$146.8bAU$130.4bAU$19.9b4.6x7.4x1.1x
Tue, 01 Aug 2023AU$145.4bAU$127.6bAU$23.1b5.5x6.3x1.1x
Thu, 29 Jun 2023AU$131.6bAU$128.0bAU$23.2b6.2x5.7x1x
Sat, 27 May 2023AU$147.9bAU$130.5bAU$24.5b6.6x6x1.1x
Mon, 24 Apr 2023AU$146.5bAU$129.6bAU$24.2b6.7x6.1x1.1x
Wed, 22 Mar 2023AU$146.7bAU$144.9bAU$24.0b6.1x6.1x1x
Fri, 17 Feb 2023AU$162.5bAU$108.9bAU$14.1b7.8x11.5x1.5x
Sun, 15 Jan 2023AU$167.3bAU$108.6bAU$14.0b7.3x11.9x1.5x
Tue, 13 Dec 2022AU$159.9bAU$109.4bAU$14.3b6.7x11.2x1.5x
Price to Earnings Ratio

11.2x


Total Market Cap: AU$159.9bTotal Earnings: AU$14.3bTotal Revenue: AU$109.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Energy Sector Price to Earnings3Y Average 12.5x202320242025
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 17.2x which is higher than its 3-year average PE of 12.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 22% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Australian Energy sector?

AU Market0.059%
Energy2.92%
Oil and Gas2.92%
Energy Services2.12%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 12.5x.
    • Analysts are expecting annual earnings growth of 9.8%, which is higher than its past year's earnings decline of 24.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 96% over the next 5 years.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 9.8% 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
WHC Whitehaven CoalAU$7.8212.8%
+AU$735.0m		22.6%PE10x
WDS Woodside Energy GroupAU$25.150.9%
+AU$418.2m		4.5%PE10.7x
ERA Energy Resources of AustraliaAU$0.00350.0%
+AU$405.4m		0%PS23.7x
YAL Yancoal AustraliaAU$5.745.5%
+AU$396.1m		-7.1%PE7.9x
ALD AmpolAU$32.024.1%
+AU$297.9m		12.0%PS0.2x

Latest News

FDR
AU$0.42
Finder Energy Holdings
7D
-10.6%
1Y
900.0%
PDN
AU$8.58
Paladin Energy
7D
5.7%
1Y
12.6%

PDN: Future Equity Raises Will Support Margins While Keeping Shares Fairly Valued

Analysts have trimmed their price target for Paladin Energy slightly, from A$9.50 to A$9.38, citing marginally softer long term revenue growth assumptions that are only partly offset by a modest improvement in expected profit margins. What's in the News Completed a follow on equity offering raising approximately AUD 100 million through the issue of 13.8 million ordinary shares at AUD 7.25 per share (company filing) Filed a separate follow on equity offering for about AUD 20 million, covering 2.8 million ordinary shares at AUD 7.25 per share (company filing) Closed a larger follow on equity transaction totaling roughly AUD 261.4 million, including a subsequent direct listing component with shares priced at AUD 7.25 and AUD 6.66.
ALD
AU$32.02
Ampol
7D
4.1%
1Y
12.0%

Investors Aren't Buying Ampol Limited's (ASX:ALD) Revenues

Dec 03
Investors Aren't Buying Ampol Limited's (ASX:ALD) Revenues
BPT
AU$1.17
Beach Energy
7D
-0.8%
1Y
-10.3%

BPT: Upgraded Buy Rating Will Support Confidence Despite Production Declines

Analysts have marginally lowered their fair value estimate for Beach Energy from A$1.21 to A$1.20 per share, citing modest adjustments to profit margin and revenue growth projections. They also highlighted a recent upgrade to Buy based on improved outlook.
WHC
AU$7.82
Whitehaven Coal
7D
12.8%
1Y
22.6%
WDS
AU$25.15
Woodside Energy Group
7D
0.9%
1Y
4.5%

WDS: Upcoming LNG Agreements And Rate Cuts Will Drive Earnings Momentum

Woodside Energy Group's analyst price target has been revised upward from $27.61 to $27.90 as analysts cite slightly improved earnings projections and a stable sector outlook as supporting factors. Analyst Commentary Recent analyst evaluations of Woodside Energy Group have led to an increased price target, reflecting evolving perspectives on the company's fundamentals and external environment.
STO
AU$6.52
Santos
7D
1.2%
1Y
-1.1%

STO: Share Momentum Expected As Takeover Uncertainty Ends And Cash Flows Improve

Analysts have slightly raised their price target for Santos from A$7.77 to A$7.82. They highlight an improved outlook following the withdrawal of the XRG consortium’s takeover bid and expectations for increased free cash flow as major projects advance.
NHC
AU$3.99
New Hope
7D
4.5%
1Y
-18.1%
IVZ
AU$0.11
Invictus Energy
7D
-12.0%
1Y
48.6%
YAL
AU$5.74
Yancoal Australia
7D
5.5%
1Y
-7.1%
MAY
AU$0.009
Melbana Energy
7D
-25.0%
1Y
-70.0%
BKY
AU$0.49
Berkeley Energia
7D
-4.8%
1Y
45.6%
MCM
AU$0.20
MC Mining
7D
-15.2%
1Y
50.0%
HE8
AU$0.009
Helios Energy
7D
-18.2%
1Y
-30.8%
ERA
AU$0.003
Energy Resources of Australia
7D
50.0%
1Y
0%
COI
AU$0.099
Comet Ridge
7D
-10.0%
1Y
-40.0%

Health Check: How Prudently Does Comet Ridge (ASX:COI) Use Debt?

Sep 28
Health Check: How Prudently Does Comet Ridge (ASX:COI) Use Debt?