Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Energy Sector Analysis

UpdatedOct 21, 2025
DataAggregated Company Financials
Companies103
  • 7D-0.4%
  • 3M-10.0%
  • 1Y-12.2%
  • YTD-7.8%

Over the last 7 days, the Energy industry has dropped 1.6%, driven by Santos declining 2.2%. Meanwhile, Whitehaven Coal actually outperformed within the industry, gaining 9.3% in the last week. The industry has fallen 12% in the last year. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Oct 2025AU$108.0bAU$110.8bAU$7.0b12.9x15.5x1x
Thu, 18 Sep 2025AU$117.0bAU$110.0bAU$7.0b15.2x16.8x1.1x
Sat, 16 Aug 2025AU$121.9bAU$112.8bAU$9.0b13.8x13.6x1.1x
Mon, 14 Jul 2025AU$114.5bAU$112.2bAU$8.9b15.4x12.8x1x
Wed, 11 Jun 2025AU$106.9bAU$112.5bAU$9.0b12.9x11.9x0.9x
Fri, 09 May 2025AU$97.2bAU$112.9bAU$9.1b13.2x10.6x0.9x
Sun, 06 Apr 2025AU$93.0bAU$114.8bAU$9.6b13.4x9.7x0.8x
Tue, 04 Mar 2025AU$111.8bAU$113.8bAU$9.3b11x12x1x
Thu, 30 Jan 2025AU$115.6bAU$112.2bAU$6.5b12.5x17.9x1x
Sat, 28 Dec 2024AU$111.9bAU$112.2bAU$6.5b11.9x17.3x1x
Mon, 25 Nov 2024AU$115.5bAU$110.9bAU$6.2b12.8x18.6x1x
Wed, 23 Oct 2024AU$116.6bAU$110.1bAU$6.1b11.9x19.1x1.1x
Fri, 20 Sep 2024AU$113.4bAU$109.5bAU$5.9b10.3x19.1x1x
Sun, 18 Aug 2024AU$124.6bAU$112.5bAU$7.1b7.5x17.6x1.1x
Tue, 16 Jul 2024AU$137.5bAU$112.4bAU$7.4b8.1x18.5x1.2x
Thu, 13 Jun 2024AU$130.0bAU$113.1bAU$7.5b9.1x17.2x1.1x
Sat, 11 May 2024AU$135.0bAU$113.1bAU$7.5b7.3x17.9x1.2x
Mon, 08 Apr 2024AU$140.0bAU$113.2bAU$7.6b7.9x18.5x1.2x
Wed, 06 Mar 2024AU$134.5bAU$114.5bAU$8.1b10.7x16.6x1.2x
Fri, 02 Feb 2024AU$143.9bAU$129.5bAU$19.6b6.1x7.4x1.1x
Sun, 31 Dec 2023AU$136.4bAU$127.8bAU$19.0b5.9x7.2x1.1x
Tue, 28 Nov 2023AU$133.6bAU$129.0bAU$19.4b5.8x6.9x1x
Thu, 26 Oct 2023AU$142.3bAU$130.7bAU$19.9b5.9x7.1x1.1x
Sat, 23 Sep 2023AU$143.8bAU$130.0bAU$19.8b4.7x7.3x1.1x
Mon, 21 Aug 2023AU$146.1bAU$128.4bAU$22.8b6.2x6.4x1.1x
Wed, 19 Jul 2023AU$137.6bAU$126.9bAU$22.9b5.6x6x1.1x
Fri, 16 Jun 2023AU$134.1bAU$127.0bAU$22.9b6x5.9x1.1x
Sun, 14 May 2023AU$145.6bAU$129.9bAU$24.3b6.5x6x1.1x
Tue, 11 Apr 2023AU$147.4bAU$129.9bAU$24.3b6.8x6.1x1.1x
Thu, 09 Mar 2023AU$161.1bAU$144.8bAU$23.9b6.1x6.7x1.1x
Sat, 04 Feb 2023AU$163.5bAU$108.3bAU$13.9b7.6x11.7x1.5x
Mon, 02 Jan 2023AU$163.0bAU$109.2bAU$14.2b7.3x11.5x1.5x
Wed, 30 Nov 2022AU$164.4bAU$109.7bAU$14.3b7.1x11.5x1.5x
Fri, 28 Oct 2022AU$165.3bAU$110.5bAU$14.5b7.1x11.4x1.5x
Price to Earnings Ratio

11.4x


Total Market Cap: AU$165.3bTotal Earnings: AU$14.5bTotal Revenue: AU$110.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Energy Sector Price to Earnings3Y Average 12.3x202320242025
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 15.5x which is higher than its 3-year average PE of 12.3x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.97x.
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 Market1.51%
Energy-0.39%
Energy Services1.46%
Oil and Gas-0.40%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 12.3x.
    • Analysts are expecting annual earnings growth of 11.8%, 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 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
WHC Whitehaven CoalAU$6.943.7%
+AU$207.6m		3.3%PE8.9x
BPT Beach EnergyAU$1.196.8%
+AU$171.0m		-7.1%PS1.3x
WDS Woodside Energy GroupAU$22.390.2%
+AU$76.0m		-9.0%PE9.4x
TER TerraComAU$0.08934.8%
+AU$18.4m		-55.5%PS0.3x
COI Comet RidgeAU$0.127.0%
+AU$9.0m		-28.1%PB1.7x

Latest News

BPT
AU$1.19
Beach Energy
7D
6.8%
1Y
-7.1%

Waitsia Gas Project Will Boost Australian LNG Export Potential

Narrative Update on Beach Energy Analysts have adjusted their price target for Beach Energy slightly downward by reducing the fair value estimate from $1.24 to $1.23. They cite modestly lower projected revenue growth and profit margins in their updated models.
WDS
AU$22.39
Woodside Energy Group
7D
0.2%
1Y
-9.0%

Global LNG Expansion Will Falter Under Renewables Pressure

Analysts have modestly raised their price target on Woodside Energy Group from $27.06 to $27.19 per share. They cite updated forecasts that reflect slight adjustments in revenue growth expectations and profit margins.
STO
AU$6.32
Santos
7D
-2.3%
1Y
-8.7%

Barossa LNG And CCS Initiatives Will Drive Future Energy Transition

Analysts have trimmed their average price target for Santos from A$8.10 to A$7.88. This reflects more cautious assumptions on revenue growth and profit margins.
TER
AU$0.089
TerraCom
7D
34.8%
1Y
-55.5%

Little Excitement Around TerraCom Limited's (ASX:TER) Revenues

Oct 16
Little Excitement Around TerraCom Limited's (ASX:TER) Revenues
BOE
AU$1.74
Boss Energy
7D
-13.0%
1Y
-52.3%
BMN
AU$3.42
Bannerman Energy
7D
-13.4%
1Y
4.0%
PDN
AU$8.84
Paladin Energy
7D
-8.1%
1Y
-30.7%

Increasing Global Uranium Demand And Canadian Assets Will Fuel Production

Analysts have raised their price target for Paladin Energy from A$8.03 to A$8.64, noting the company's improving profit margins and valuation, which is now seen as fairly reflecting its growth prospects. Analyst Commentary Recent research has highlighted both opportunities and risks regarding Paladin Energy's outlook following the latest target price adjustments.
DYL
AU$1.88
Deep Yellow
7D
-20.0%
1Y
27.0%
ERA
AU$0.002
Energy Resources of Australia
7D
-20.0%
1Y
-33.3%
WHC
AU$6.94
Whitehaven Coal
7D
3.7%
1Y
3.3%

ESG Mandates And Carbon Pricing Will Hurt Coal Markets

Analysts have slightly increased their price target for Whitehaven Coal to $7.44 from $7.27. They cited modest improvements in profit margin and discounted cash flow metrics, despite softer revenue growth projections.
LOT
AU$0.20
Lotus Resources
7D
-18.4%
1Y
-36.5%
COI
AU$0.12
Comet Ridge
7D
7.0%
1Y
-28.1%

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

Sep 28
Health Check: How Prudently Does Comet Ridge (ASX:COI) Use Debt?
KKO
AU$0.076
Kinetiko Energy
7D
5.6%
1Y
-22.4%
TMK
AU$0.0025
TMK Energy
7D
25.0%
1Y
0%
YAL
AU$5.27
Yancoal Australia
7D
-4.2%
1Y
-18.4%
MCM
AU$0.14
MC Mining
7D
7.7%
1Y
0%