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Australian (ASX) Financials Sector Analysis

UpdatedNov 19, 2025
DataAggregated Company Financials
Companies132
  • 7D-5.6%
  • 3M-8.3%
  • 1Y-0.4%
  • YTD3.1%

Over the last 7 days, the Financials industry has dropped 5.4%, driven by pullbacks in Commonwealth Bank of Australia and ANZ Group Holdings of 4.5% and 9.6%, respectively. In contrast, GQG Partners has gained 12%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 5.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Nov 2025AU$918.6bAU$223.7bAU$46.8b19.1x19.6x4.1x
Sat, 18 Oct 2025AU$845.6bAU$200.5bAU$40.9b19.5x20.7x4.2x
Mon, 15 Sep 2025AU$976.4bAU$221.3bAU$48.1b19.4x20.3x4.4x
Wed, 13 Aug 2025AU$959.7bAU$221.2bAU$46.9b17x20.5x4.3x
Fri, 11 Jul 2025AU$959.0bAU$220.1bAU$46.6b16.2x20.6x4.4x
Sun, 08 Jun 2025AU$942.4bAU$220.5bAU$46.6b15.9x20.2x4.3x
Tue, 06 May 2025AU$889.4bAU$208.7bAU$43.1b15.1x20.6x4.3x
Thu, 03 Apr 2025AU$859.1bAU$220.3bAU$46.7b13.9x18.4x3.9x
Sat, 01 Mar 2025AU$882.5bAU$220.3bAU$46.7b15.5x18.9x4x
Mon, 27 Jan 2025AU$916.2bAU$215.7bAU$44.0b17.8x20.8x4.2x
Wed, 25 Dec 2024AU$885.0bAU$216.2bAU$44.0b18.2x20.1x4.1x
Fri, 22 Nov 2024AU$910.1bAU$214.1bAU$43.8b18x20.8x4.3x
Sun, 20 Oct 2024AU$873.5bAU$212.2bAU$43.7b17.6x20x4.1x
Tue, 17 Sep 2024AU$861.6bAU$212.2bAU$43.7b17x19.7x4.1x
Thu, 15 Aug 2024AU$806.8bAU$211.2bAU$44.3b19.1x18.2x3.8x
Sat, 13 Jul 2024AU$803.6bAU$209.6bAU$44.0b18.3x18.3x3.8x
Mon, 10 Jun 2024AU$777.7bAU$210.6bAU$44.2b17.3x17.6x3.7x
Wed, 08 May 2024AU$759.0bAU$210.5bAU$44.2b18.1x17.2x3.6x
Fri, 05 Apr 2024AU$758.0bAU$218.8bAU$45.9b17.6x16.5x3.5x
Sun, 03 Mar 2024AU$750.7bAU$219.4bAU$46.1b17.5x16.3x3.4x
Tue, 30 Jan 2024AU$721.0bAU$198.9bAU$45.7b17.2x15.8x3.6x
Thu, 28 Dec 2023AU$690.7bAU$197.7bAU$45.4b16.7x15.2x3.5x
Sat, 25 Nov 2023AU$649.2bAU$198.7bAU$45.5b16.7x14.3x3.3x
Mon, 23 Oct 2023AU$639.9bAU$198.0bAU$45.5b16.3x14.1x3.2x
Wed, 20 Sep 2023AU$661.8bAU$198.2bAU$45.9b16.5x14.4x3.3x
Fri, 18 Aug 2023AU$646.5bAU$195.4bAU$45.6b17.3x14.2x3.3x
Sun, 16 Jul 2023AU$650.2bAU$186.4bAU$44.5b17.5x14.6x3.5x
Tue, 13 Jun 2023AU$618.3bAU$186.7bAU$44.5b17x13.9x3.3x
Thu, 11 May 2023AU$626.9bAU$184.7bAU$43.4b17.4x14.4x3.4x
Sat, 08 Apr 2023AU$629.3bAU$182.2bAU$42.3b17.3x14.9x3.5x
Mon, 06 Mar 2023AU$638.9bAU$181.1bAU$42.7b16.9x15x3.5x
Wed, 01 Feb 2023AU$679.7bAU$177.5bAU$40.2b16.4x16.9x3.8x
Fri, 30 Dec 2022AU$640.8bAU$178.3bAU$40.2b14.1x15.9x3.6x
Sun, 27 Nov 2022AU$670.3bAU$178.3bAU$40.3b14.8x16.7x3.8x
Price to Earnings Ratio

16.7x


Total Market Cap: AU$670.3bTotal Earnings: AU$40.3bTotal Revenue: AU$178.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Financials Sector Price to Earnings3Y Average 17.4x202320242025
Current Industry PE
  • Investors are optimistic on the Australian Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 19.6x which is higher than its 3-year average PE of 17.4x.
  • The industry is trading close to its 3-year average PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 5.1% per year over the last three years.
  • Revenues for these companies have grown 7.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

AU Market-4.06%
Financials-5.63%
Mortgage Finance0%0
Mortgage REITs0%0
Insurance-3.99%
Diversified Financial-4.58%
Capital Markets-5.46%
Banks-5.93%
Consumer Finance-8.34%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 16.3x.
    • Analysts are expecting annual earnings growth of 5.2%, which is higher than its past year's earnings decline of 0.4% per year.
  • Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 18.7x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 21% over the next 5 years.
  • However this is lower than its past earnings growth rate of 79% per year.
  • In contrast, the Insurance industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GQG GQG PartnersAU$1.6312.1%
+AU$517.2m		-38.4%PE6.9x
HLI Helia GroupAU$5.852.1%
+AU$32.7m		33.9%PE5.9x
LFG Liberty Financial GroupAU$4.121.7%
+AU$21.3m		24.5%PE9.3x
PAC Pacific Current GroupAU$10.844.7%
+AU$14.8m		1.5%PE5.6x
WZR WisrAU$0.0310%
AU$9.4m		10.7%PS2.1x

Latest News

QBE
AU$19.74
QBE Insurance Group
7D
-4.0%
1Y
2.5%

QBE: Leadership Transition Will Support Future Profit Stability

Analysts have lowered their price target for QBE Insurance Group from $23.22 to $22.95. They cite expectations of slightly softer revenue growth and a minor adjustment to profit margin forecasts.
SUN
AU$18.84
Suncorp Group
7D
-4.7%
1Y
-18.3%

SUN: Fair Value Outlook To Remain Strong Amid Stable Key Metrics

Analysts have maintained their fair value estimate for Suncorp Group at $21.69, citing minimal changes in key underlying metrics and reiterating their prior outlook. Valuation Changes Fair Value Estimate remains unchanged at A$21.69 per share.
WZR
AU$0.031
Wisr
7D
0%
1Y
10.7%
HUB
AU$101.19
HUB24
7D
-10.3%
1Y
39.8%

HUB: Dividend Announcement and Index Inclusion Will Shape Steady Near-Term Outlook

Analysts have maintained their price target for HUB24 at $108.36, citing only minor adjustments to underlying assumptions such as a modest increase in the discount rate. There have been no significant changes to projected revenue growth or profit margins.
PLT
AU$1.27
Plenti Group
7D
3.7%
1Y
71.6%
WBC
AU$37.34
Westpac Banking
7D
-6.3%
1Y
13.0%
MQG
AU$189.90
Macquarie Group
7D
-7.3%
1Y
-17.4%

MQG: Earnings Recovery Pace And Diversification Will Shape Future Performance

The analyst price target for Macquarie Group has increased slightly from A$223.80 to A$224.48. Analysts cite incremental improvements in revenue growth forecasts and profit margins, despite concerns over a slower earnings recovery.
GQG
AU$1.63
GQG Partners
7D
12.1%
1Y
-38.4%

GQG: Index Additions Will Drive Demand Despite Margin Pressure

Analysts have revised their price target for GQG Partners downward from $2.42 to $2.36 per share. They cite slightly lower expected revenue growth and profit margins, along with a marginally higher estimated discount rate.
ANZ
AU$35.12
ANZ Group Holdings
7D
-9.6%
1Y
9.1%
NAB
AU$40.32
National Australia Bank
7D
-5.5%
1Y
2.5%
PAC
AU$10.84
Pacific Current Group
7D
4.7%
1Y
1.5%
FND
AU$1.71
Findi
7D
8.3%
1Y
-77.7%
LFG
AU$4.12
Liberty Financial Group
7D
1.7%
1Y
24.5%

There Is A Reason Liberty Financial Group Limited's (ASX:LFG) Price Is Undemanding

Oct 17
There Is A Reason Liberty Financial Group Limited's (ASX:LFG) Price Is Undemanding
SVR
AU$1.65
Solvar
7D
1.9%
1Y
30.4%
CBA
AU$151.30
Commonwealth Bank of Australia
7D
-4.5%
1Y
-3.2%

We Think Some Shareholders May Hesitate To Increase Commonwealth Bank of Australia's (ASX:CBA) CEO Compensation

Oct 08
We Think Some Shareholders May Hesitate To Increase Commonwealth Bank of Australia's (ASX:CBA) CEO Compensation
HLI
AU$5.85
Helia Group
7D
2.1%
1Y
33.9%