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Australian (ASX) Energy Sector Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies107
  • 7D-2.3%
  • 3M-1.8%
  • 1Y25.1%
  • YTD20.0%

Over the last 7 days, the Energy industry has dropped 2.3%, driven by Yancoal Australia declining 8.7%. Over the past 12 months, the industry was up 25%. 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
Fri, 12 Jun 2026AU$137.2bAU$102.6bAU$5.1b15.5x26.9x1.3x
Sun, 10 May 2026AU$135.5bAU$101.8bAU$4.9b15.2x27.6x1.3x
Tue, 07 Apr 2026AU$151.1bAU$103.0bAU$5.1b16.7x29.5x1.5x
Thu, 05 Mar 2026AU$135.1bAU$102.6bAU$5.4b19.6x25.1x1.3x
Sat, 31 Jan 2026AU$124.9bAU$108.5bAU$6.5b15.5x19.3x1.2x
Mon, 29 Dec 2025AU$111.4bAU$109.8bAU$6.7b13x16.5x1x
Wed, 26 Nov 2025AU$114.0bAU$111.0bAU$7.0b13.2x16.3x1x
Fri, 24 Oct 2025AU$112.4bAU$110.7bAU$7.0b13.2x16.2x1x
Sun, 21 Sep 2025AU$110.8bAU$110.3bAU$7.0b13.7x15.7x1x
Tue, 19 Aug 2025AU$121.4bAU$112.8bAU$9.0b14x13.5x1.1x
Thu, 17 Jul 2025AU$115.8bAU$112.5bAU$9.0b15.2x12.9x1x
Sat, 14 Jun 2025AU$112.0bAU$112.7bAU$9.0b13.8x12.4x1x
Mon, 12 May 2025AU$97.9bAU$112.9bAU$9.1b13x10.7x0.9x
Wed, 09 Apr 2025AU$90.4bAU$114.8bAU$9.6b13.2x9.4x0.8x
Fri, 07 Mar 2025AU$104.0bAU$113.2bAU$9.1b10.3x11.4x0.9x
Sun, 02 Feb 2025AU$117.7bAU$112.3bAU$6.5b12.2x18.2x1x
Tue, 31 Dec 2024AU$113.9bAU$112.1bAU$6.5b12.6x17.7x1x
Thu, 28 Nov 2024AU$112.8bAU$111.0bAU$6.2b12.4x18.1x1x
Sat, 26 Oct 2024AU$115.8bAU$110.3bAU$6.1b11.8x18.9x1.1x
Mon, 23 Sep 2024AU$113.7bAU$109.6bAU$6.0b10.7x19.1x1x
Wed, 21 Aug 2024AU$122.5bAU$111.2bAU$6.6b7.5x18.5x1.1x
Fri, 19 Jul 2024AU$136.7bAU$112.6bAU$7.5b7.9x18.3x1.2x
Sun, 16 Jun 2024AU$129.8bAU$113.1bAU$7.5b9.4x17.2x1.1x
Tue, 14 May 2024AU$136.7bAU$113.1bAU$7.5b7.5x18.1x1.2x
Thu, 11 Apr 2024AU$138.1bAU$113.0bAU$7.5b7.9x18.3x1.2x
Sat, 09 Mar 2024AU$134.7bAU$113.8bAU$8.0b11x16.8x1.2x
Mon, 05 Feb 2024AU$145.6bAU$129.6bAU$19.6b6.2x7.4x1.1x
Wed, 03 Jan 2024AU$136.4bAU$127.9bAU$19.0b5.9x7.2x1.1x
Fri, 01 Dec 2023AU$131.0bAU$129.0bAU$19.4b6x6.7x1x
Sun, 29 Oct 2023AU$142.9bAU$130.7bAU$20.0b5.7x7.2x1.1x
Tue, 26 Sep 2023AU$145.4bAU$130.1bAU$19.8b4.8x7.3x1.1x
Thu, 24 Aug 2023AU$145.1bAU$131.8bAU$21.2b5.8x6.8x1.1x
Sat, 22 Jul 2023AU$141.1bAU$127.3bAU$23.0b5.6x6.1x1.1x
Mon, 19 Jun 2023AU$138.5bAU$126.7bAU$22.8b6.2x6.1x1.1x
Price to Earnings Ratio

6.1x


Total Market Cap: AU$138.5bTotal Earnings: AU$22.8bTotal Revenue: AU$126.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Energy Sector Price to Earnings3Y Average 15.1x202420252026
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 26.9x 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 1.3x.
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-1.74%
Energy-2.31%
Oil and Gas-2.31%
Energy Services-11.32%
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?

CompanyLast Price7D1YValuation
STO SantosAU$8.072.5%
+AU$648.1m		20.3%PE22.4x
WDS Woodside Energy GroupAU$31.520.6%
+AU$361.2m		34.3%PE15.4x
ALD AmpolAU$36.771.1%
+AU$92.9m		45.6%PE106.3x
VEA Viva Energy GroupAU$2.331.7%
+AU$65.6m		17.7%PS0.1x
KAR Karoon EnergyAU$2.052.0%
+AU$28.4m		14.5%PE8.1x

Latest News

BMN
AU$3.06
Bannerman Energy
7D
-16.8%
1Y
13.3%
Analysis Article • Jun 10

We're Hopeful That Bannerman Energy (ASX:BMN) Will Use Its Cash Wisely

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
WHC
AU$8.92
Whitehaven Coal
7D
-6.4%
1Y
55.9%
BPT
AU$1.09
Beach Energy
7D
-1.8%
1Y
-13.8%
Narrative Update • Jun 08

BPT: Artisan Sale And Royalties Will Support Future Earnings Multiple

Analysts have nudged their price target for Beach Energy slightly higher to A$1.24 from A$1.23, linking the change to updated assumptions around revenue, margins and future P/E expectations. What's in the News Beach Energy agreed to sell a 60% operated interest in the offshore VIC/L35 petroleum production licence in the Otway Basin, including the Artisan gas discovery, to Amplitude Energy and O.G. Otway for A$70 million in cash.
YAL
AU$6.58
Yancoal Australia
7D
-8.7%
1Y
15.2%
NHC
AU$6.02
New Hope
7D
-2.4%
1Y
56.8%
Narrative Update • Jun 07

NHC: Lower Interim Dividend Will Limit Appeal Despite Higher Margin Outlook

Analysts have increased their A$ fair value estimate for New Hope from A$3.50 to A$3.80, citing updated assumptions regarding revenue growth, profit margins, the discount rate, and future P/E. What's in the News New Hope declared a fully franked interim ordinary cash dividend of A$0.10 per share on its fully paid ordinary shares for the six month period ended January 31, 2026.
STO
AU$8.07
Santos
7D
2.5%
1Y
20.3%
Narrative Update • Jun 06

STO: Future Returns Will Depend On Papua LNG Sanction And Cash Flow

Analysts have adjusted their A$ fair value estimate for Santos to A$8.81, a move supported by updated views on revenue growth, profit margins, and the stock's forward P/E profile. What's in the News Santos has reaffirmed its full year 2026 guidance, with recent updates pointing to higher quarterly production and stable free cash flow generation.
DYL
AU$1.36
Deep Yellow
7D
-12.0%
1Y
1.9%
VEA
AU$2.33
Viva Energy Group
7D
1.7%
1Y
17.7%
Narrative Update • Jun 05

VEA: Retail Expansion And Refining Recovery Will Shape Future Returns

Analysts have lifted their price target for Viva Energy Group to A$2.76 from A$2.66, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Viva Energy is positioned in the Australian downstream energy sector with operations in refining, fuel distribution and retail convenience, according to recent coverage titled "Is This Right Time to Buy Viva Energy (ASX:VEA)?".
ALD
AU$36.77
Ampol
7D
1.1%
1Y
45.6%
WDS
AU$31.52
Woodside Energy Group
7D
0.6%
1Y
34.3%
KAR
AU$2.05
Karoon Energy
7D
2.0%
1Y
14.5%
Narrative Update • May 30

KAR: Higher Margin Outlook And Governance Changes Will Shape Balanced Future Profile

Analysts have adjusted their valuation on Karoon Energy, lifting the fair value estimate from A$1.50 to A$1.80 as they factor in slightly softer forecast revenue declines, a higher projected profit margin and a marginally lower future P/E multiple, while applying a modestly higher discount rate. What's in the News Karoon Energy plans to put proposed amendments to its Constitution to a shareholder vote at the 2026 Annual General Meeting scheduled for May 21, 2026, which could affect how the company is governed going forward (Key Developments).
TER
AU$0.087
TerraCom
7D
8.8%
1Y
50.0%
PDN
AU$9.37
Paladin Energy
7D
-13.9%
1Y
44.6%
Narrative Update • May 28

PDN: Higher Langer Heinrich Costs Will Sustain Share Price Overvaluation

Analysts have raised their fair value estimate for Paladin Energy to A$7.35 from A$7.20, reflecting updated cost assumptions at Langer Heinrich and noting that the recent share price pullback may offer value at current levels. Analyst Commentary Recent research points to a reassessment of Paladin Energy's risk and reward profile at current levels.
CRD
AU$0.49
Conrad Asia Energy
7D
6.5%
1Y
-17.5%
BOE
AU$1.12
Boss Energy
7D
-14.2%
1Y
-70.7%
CXU
AU$0.058
Cauldron Energy
7D
9.4%
1Y
728.6%