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Australian (ASX) Energy Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies108
  • 7D-0.09%
  • 3M10.9%
  • 1Y13.5%
  • YTD11.8%

Over the last 7 days, the Energy industry has remained flat, although notably Woodside Energy Group gained 9.8%. As for the the longer term, the industry is up 14% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026AU$127.4bAU$102.4bAU$5.4b19.9x23.8x1.2x
Thu, 29 Jan 2026AU$123.3bAU$108.5bAU$6.5b15.1x19x1.1x
Sat, 27 Dec 2025AU$111.4bAU$109.8bAU$6.7b13x16.5x1x
Mon, 24 Nov 2025AU$113.6bAU$110.9bAU$7.0b13.1x16.3x1x
Wed, 22 Oct 2025AU$108.0bAU$110.8bAU$7.0b13x15.5x1x
Fri, 19 Sep 2025AU$110.8bAU$110.0bAU$7.0b12.7x15.9x1x
Sun, 17 Aug 2025AU$121.9bAU$112.8bAU$9.0b13.8x13.6x1.1x
Tue, 15 Jul 2025AU$114.9bAU$112.3bAU$8.9b15.4x12.9x1x
Thu, 12 Jun 2025AU$107.5bAU$112.6bAU$9.0b13.3x12x1x
Sat, 10 May 2025AU$97.9bAU$113.0bAU$9.2b13x10.7x0.9x
Mon, 07 Apr 2025AU$93.0bAU$114.8bAU$9.6b13.4x9.7x0.8x
Wed, 05 Mar 2025AU$108.4bAU$113.7bAU$9.3b10.5x11.7x1x
Fri, 31 Jan 2025AU$117.2bAU$112.2bAU$6.5b12.4x18.1x1x
Sun, 29 Dec 2024AU$112.7bAU$112.2bAU$6.5b11.9x17.4x1x
Tue, 26 Nov 2024AU$115.1bAU$110.9bAU$6.2b13x18.5x1x
Thu, 24 Oct 2024AU$115.7bAU$110.2bAU$6.1b11.8x18.9x1x
Sat, 21 Sep 2024AU$113.7bAU$109.6bAU$6.0b10.7x19.1x1x
Mon, 19 Aug 2024AU$124.6bAU$112.5bAU$7.1b7.5x17.6x1.1x
Wed, 17 Jul 2024AU$137.1bAU$112.5bAU$7.5b7.9x18.4x1.2x
Fri, 14 Jun 2024AU$130.4bAU$112.9bAU$7.5b9.4x17.3x1.2x
Sun, 12 May 2024AU$137.5bAU$113.1bAU$7.5b7.3x18.2x1.2x
Tue, 09 Apr 2024AU$138.5bAU$113.2bAU$7.6b8.1x18.3x1.2x
Thu, 07 Mar 2024AU$134.9bAU$114.3bAU$8.1b10.7x16.7x1.2x
Sat, 03 Feb 2024AU$145.6bAU$129.0bAU$19.4b6.3x7.5x1.1x
Mon, 01 Jan 2024AU$136.4bAU$127.8bAU$19.0b5.9x7.2x1.1x
Wed, 29 Nov 2023AU$132.4bAU$129.0bAU$19.4b5.8x6.8x1x
Fri, 27 Oct 2023AU$142.1bAU$130.9bAU$20.0b5.7x7.1x1.1x
Sun, 24 Sep 2023AU$143.9bAU$130.1bAU$19.8b4.7x7.3x1.1x
Tue, 22 Aug 2023AU$146.1bAU$128.4bAU$22.8b6.2x6.4x1.1x
Thu, 20 Jul 2023AU$139.9bAU$127.2bAU$23.0b5.6x6.1x1.1x
Sat, 17 Jun 2023AU$138.5bAU$126.7bAU$22.8b6.2x6.1x1.1x
Mon, 15 May 2023AU$145.6bAU$129.9bAU$24.3b6.5x6x1.1x
Wed, 12 Apr 2023AU$148.8bAU$129.8bAU$24.3b6.9x6.1x1.1x
Fri, 10 Mar 2023AU$163.8bAU$144.7bAU$23.8b6.8x6.9x1.1x
Price to Earnings Ratio

6.9x


Total Market Cap: AU$163.8bTotal Earnings: AU$23.8bTotal Revenue: AU$144.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Energy Sector Price to Earnings3Y Average 13.1x202420252026
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 23.8x which is higher than its 3-year average PE of 13.1x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.2x.
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 11% 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 Market1.41%
Energy-0.094%
Oil and Gas-0.092%
Energy Services-3.30%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 13.1x.
    • Analysts are expecting annual earnings growth of 14.4%, which is higher than its past year's earnings decline of 28.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 88% over the next 5 years.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 14% 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$30.489.8%
+AU$5.2b		24.5%PE15x
STO SantosAU$7.286.9%
+AU$1.5b		14.6%PE20.3x
YAL Yancoal AustraliaAU$6.496.0%
+AU$488.6m		7.1%PE19.5x
ALD AmpolAU$29.984.6%
+AU$314.6m		13.8%PE86.7x
WHC Whitehaven CoalAU$8.193.1%
+AU$204.4m		40.5%PE10.9x

Latest News

WDS
AU$30.48
Woodside Energy Group
7D
9.8%
1Y
24.5%

WDS: Updated LNG Earnings Profile Will Support Future Return Potential

Analysts have increased their fair value estimate for Woodside Energy Group from about A$36.87 to around A$37.48. They cited updated assumptions on revenue growth, profit margins and future P/E that refine their overall assessment of risk and return.
BOE
AU$1.90
Boss Energy
7D
17.6%
1Y
-20.2%
TER
AU$0.064
TerraCom
7D
-4.5%
1Y
-39.0%
NHC
AU$5.10
New Hope
7D
4.1%
1Y
27.2%
YAL
AU$6.49
Yancoal Australia
7D
6.0%
1Y
7.1%
AEL
AU$2.62
Amplitude Energy
7D
18.6%
1Y
10.8%
AEE
AU$0.14
Aura Energy
7D
-3.3%
1Y
26.1%
ALD
AU$29.98
Ampol
7D
4.6%
1Y
13.8%
STO
AU$7.28
Santos
7D
6.9%
1Y
14.6%

STO: Future Returns Will Reflect Low Costs And Papua LNG Execution Risk

The analyst price target for Santos has moved from A$6.75 to A$7.50, with analysts pointing to a solid in line result, a low cost operating model, and expectations for production growth and Papua LNG progress as key supports for the higher fair value and slightly adjusted discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts see the move in price targets to A$7.30 to A$7.50 as better aligning the stock with their updated fair value assumptions after a solid in line result and a reaffirmed low cost operating model.
WHC
AU$8.19
Whitehaven Coal
7D
3.1%
1Y
40.5%

WHC: Buybacks And Higher Commodity Deck Will Shape Future Upside

Analysts have raised their fair value estimate for Whitehaven Coal to A$10.00 from A$9.50, reflecting updated commodity price assumptions and a lower future P/E expectation of 16.17x, partly offset by a more cautious profit margin outlook. Analyst Commentary Recent Street research on Whitehaven Coal presents a mixed picture, with valuation views pulling in different directions.
ERA
AU$0.003
Energy Resources of Australia
7D
-14.3%
1Y
50.0%
TBN
AU$0.23
Tamboran Resources
7D
-2.2%
1Y
21.6%
D3E
AU$0.33
D3 Energy
7D
-13.2%
1Y
489.3%
NGY
AU$0.033
NuEnergy Gas
7D
-31.3%
1Y
73.7%
EDE
AU$0.13
Eden Innovations
7D
-25.7%
1Y
550.0%
CVN
AU$0.092
Carnarvon Energy
7D
-2.1%
1Y
-16.4%