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Australian (ASX) Energy Sector Analysis

UpdatedJul 29, 2026
DataAggregated Company Financials
Companies104
  • 7D1.6%
  • 3M-6.2%
  • 1Y11.9%
  • YTD19.2%

The Energy is pretty flat in the last 7 days, but Woodside Energy Group has stood out, gaining 3.3%. The past year has been better, since the industry has gained 11% in that time. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Jul 2026AU$136.4bAU$102.7bAU$5.2b15.7x26.5x1.3x
Fri, 26 Jun 2026AU$122.9bAU$103.1bAU$5.2b14.3x23.7x1.2x
Sun, 24 May 2026AU$141.3bAU$102.2bAU$5.0b16.2x28.2x1.4x
Tue, 21 Apr 2026AU$139.5bAU$102.1bAU$5.0b17x28.2x1.4x
Thu, 19 Mar 2026AU$139.8bAU$102.3bAU$5.0b15.6x27.7x1.4x
Sat, 14 Feb 2026AU$121.6bAU$108.4bAU$6.4b14.9x19x1.1x
Mon, 12 Jan 2026AU$113.5bAU$109.9bAU$6.8b13x16.8x1x
Wed, 10 Dec 2025AU$115.1bAU$110.1bAU$6.8b13.4x16.9x1x
Fri, 07 Nov 2025AU$115.0bAU$110.7bAU$6.9b13x16.6x1x
Sun, 05 Oct 2025AU$111.0bAU$110.3bAU$6.9b13.6x16.2x1x
Tue, 02 Sep 2025AU$120.9bAU$110.6bAU$7.2b15x16.8x1.1x
Thu, 31 Jul 2025AU$120.0bAU$112.6bAU$9.0b15.2x13.3x1.1x
Sat, 28 Jun 2025AU$113.0bAU$112.4bAU$9.0b13.2x12.6x1x
Mon, 26 May 2025AU$101.6bAU$112.6bAU$9.0b13.1x11.3x0.9x
Wed, 23 Apr 2025AU$90.0bAU$113.0bAU$9.2b13.1x9.8x0.8x
Fri, 21 Mar 2025AU$105.5bAU$113.5bAU$9.3b13.9x11.3x0.9x
Sun, 16 Feb 2025AU$113.8bAU$111.6bAU$6.9b13.1x16.5x1x
Tue, 14 Jan 2025AU$118.1bAU$112.6bAU$6.5b12.4x18.1x1x
Thu, 12 Dec 2024AU$111.1bAU$111.6bAU$6.3b12.4x17.5x1x
Sat, 09 Nov 2024AU$113.6bAU$110.3bAU$6.1b11.6x18.5x1x
Mon, 07 Oct 2024AU$123.1bAU$109.6bAU$6.0b12.7x20.5x1.1x
Wed, 04 Sep 2024AU$120.1bAU$110.3bAU$6.2b12.5x19.4x1.1x
Fri, 02 Aug 2024AU$131.6bAU$113.2bAU$7.5b7.7x17.6x1.2x
Sun, 30 Jun 2024AU$131.5bAU$112.9bAU$7.5b7.9x17.5x1.2x
Tue, 28 May 2024AU$135.0bAU$112.9bAU$7.5b9.1x18x1.2x
Thu, 25 Apr 2024AU$133.6bAU$113.6bAU$7.6b7.5x17.5x1.2x
Sat, 23 Mar 2024AU$134.4bAU$113.7bAU$7.6b7x17.7x1.2x
Mon, 19 Feb 2024AU$136.4bAU$127.2bAU$17.5b6.3x7.8x1.1x
Wed, 17 Jan 2024AU$140.4bAU$129.0bAU$19.4b6.1x7.2x1.1x
Fri, 15 Dec 2023AU$130.4bAU$128.3bAU$19.2b5.9x6.8x1x
Sun, 12 Nov 2023AU$132.8bAU$130.6bAU$19.9b5.5x6.7x1x
Tue, 10 Oct 2023AU$141.7bAU$130.6bAU$19.9b6.1x7.1x1.1x
Thu, 07 Sep 2023AU$149.1bAU$130.7bAU$20.0b4.7x7.4x1.1x
Sat, 05 Aug 2023AU$145.4bAU$128.5bAU$23.4b5.4x6.2x1.1x
Price to Earnings Ratio

6.2x


Total Market Cap: AU$145.4bTotal Earnings: AU$23.4bTotal Revenue: AU$128.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Energy Sector Price to Earnings3Y Average 15.9x202420252026
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 26.3x which is higher than its 3-year average PE of 15.9x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 40% per year over the last three years,
  • Revenues have also declined 7.2% 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 Market1.47%
Energy1.60%
Energy Services2.61%
Oil and Gas1.60%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 15.9x.
    • Analysts are expecting annual earnings growth of 11.3%, 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 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
WDS Woodside Energy GroupAU$32.743.4%
+AU$2.1b		23.2%PE15.9x
VEA Viva Energy GroupAU$2.739.2%
+AU$377.1m		31.3%PS0.2x
KAR Karoon EnergyAU$1.7612.5%
+AU$138.6m		-7.1%PE6.9x
ALD AmpolAU$39.401.2%
+AU$114.4m		45.1%PE113.9x
BPT Beach EnergyAU$0.924.6%
+AU$91.2m		-29.1%PS1x

Latest News

JGH
AU$0.073
Jade Gas Holdings
7D
-17.0%
1Y
128.1%
LOT
AU$0.32
Lotus Resources
7D
-52.3%
1Y
-83.4%
WDS
AU$32.29
Woodside Energy Group
7D
3.3%
1Y
21.4%
PEN
AU$0.23
Peninsula Energy
7D
-35.6%
1Y
n/a
KAR
AU$1.71
Karoon Energy
7D
14.4%
1Y
-10.7%
BPT
AU$0.90
Beach Energy
7D
3.4%
1Y
-32.8%
PDN
AU$9.15
Paladin Energy
7D
6.9%
1Y
40.6%
Narrative Update • Jul 23

PDN: Patterson Lake South Progress And Langer Heinrich Ramp-Up Will Support Future Upside

Paladin Energy’s revised fair value estimate has shifted modestly lower to A$12.11 from A$12.72, as analysts balance stronger enthusiasm for the Patterson Lake South project and its development potential against valuation concerns that some see as ahead of current fundamentals. Analyst Commentary Recent research on Paladin Energy highlights a clear split between those who see meaningful upside tied to Patterson Lake South and those who are more cautious about how much of that potential is already reflected in the share price.
BMN
AU$2.91
Bannerman Energy
7D
-10.5%
1Y
8.2%
Narrative Update • Jul 22

None

The analyst price target for Bannerman Energy has been revised from A$5.99 to A$7.60 as analysts update their valuation assumptions, including changes to fair value, discount rate, revenue growth, profit margin, and future P/E estimates. What's in the News for Bannerman Energy No recent Bannerman Energy specific news items or key developments were available from the provided sources at the time of writing.
TBN
AU$0.24
Tamboran Resources
7D
4.3%
1Y
54.8%
VEA
AU$2.65
Viva Energy Group
7D
7.7%
1Y
29.3%
Narrative Update • Jul 21

VEA: Energy Hub Plans And Retail Expansion Will Shape Future Returns

The analyst price target for Viva Energy Group has been reset lower by A$0.13. Analysts point to updated fair value, discount rate, revenue growth, profit margin and future P/E assumptions as the key drivers of this change.
NHC
AU$5.29
New Hope
7D
-1.3%
1Y
25.7%
Narrative Update • Jul 20

NHC: Rich P/E And Coal Price Reliance Will Restrain Future Upside

Analysts have lifted their price target for New Hope to A$4.50 from A$3.80, citing updated assumptions around slightly higher revenue growth, a stable discount rate, broadly similar profit margins, and a higher future P/E multiple. What’s in the News for New Hope New Hope Corporation shares traded at A$5.23 on 9 July 2026 and were up 5.66% on the day, with trading activity above recent levels, according to multiple news sources.
YAL
AU$5.67
Yancoal Australia
7D
-2.4%
1Y
-10.0%
WHC
AU$7.13
Whitehaven Coal
7D
-5.3%
1Y
8.0%
Narrative Update • Jul 20

WHC: Met Coal Pricing And Cost Savings Will Drive Future Earnings Power

Whitehaven Coal's updated analyst price target has moved to A$10.60 from A$10.00, reflecting analysts' view that a slightly higher fair value, a lower assumed future P/E of 8.1 and stronger profit margin assumptions now offset more moderate revenue growth expectations. Analyst Commentary Recent Street research on Whitehaven Coal points to a shift in tone from some bearish views toward a more balanced stance, with at least one major upgrade and a higher price target helping to frame how bullish analysts are thinking about valuation and earnings power.
BTL
AU$0.23
Beetaloo Energy Australia
7D
-9.8%
1Y
4.5%
ALD
AU$38.90
Ampol
7D
2.1%
1Y
44.8%
CXU
AU$0.15
Cauldron Energy
7D
19.2%
1Y
1,837.5%