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

Australian (ASX) Financials Sector Analysis

UpdatedMay 13, 2026
DataAggregated Company Financials
Companies129
  • 7D-1.8%
  • 3M-3.9%
  • 1Y4.5%
  • YTD-0.9%

Over the last 7 days, the Financials industry has dropped 1.8%, driven by Commonwealth Bank of Australia declining 14%. On the other hand Generation Development Group is actually up 16%. This takes the industry's 12 month performance to a gain of 4.5%. Earnings are forecast to grow by 5.1% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 May 2026AU$937.2bAU$219.2bAU$48.6b16x19.3x4.3x
Fri, 10 Apr 2026AU$1.0tAU$219.5bAU$48.5b16x20.8x4.6x
Sun, 08 Mar 2026AU$974.9bAU$218.2bAU$46.6b16.5x20.9x4.5x
Tue, 03 Feb 2026AU$934.2bAU$221.2bAU$46.5b18.5x20.1x4.2x
Thu, 01 Jan 2026AU$944.4bAU$222.7bAU$46.6b19.1x20.3x4.2x
Sat, 29 Nov 2025AU$914.7bAU$223.6bAU$46.8b19.9x19.6x4.1x
Mon, 27 Oct 2025AU$850.7bAU$200.3bAU$40.8b19.5x20.8x4.2x
Wed, 24 Sep 2025AU$970.3bAU$221.4bAU$48.2b19.6x20.1x4.4x
Fri, 22 Aug 2025AU$987.7bAU$222.6bAU$47.5b18.3x20.8x4.4x
Sun, 20 Jul 2025AU$970.0bAU$220.5bAU$46.6b16.8x20.8x4.4x
Tue, 17 Jun 2025AU$941.1bAU$220.4bAU$46.6b16.2x20.2x4.3x
Thu, 15 May 2025AU$896.5bAU$220.7bAU$46.7b15.5x19.2x4.1x
Sat, 12 Apr 2025AU$825.2bAU$220.7bAU$46.7b13.9x17.7x3.7x
Mon, 10 Mar 2025AU$843.1bAU$220.1bAU$46.7b14.3x18.1x3.8x
Wed, 05 Feb 2025AU$911.5bAU$216.7bAU$44.8b17.2x20.3x4.2x
Fri, 03 Jan 2025AU$877.9bAU$216.2bAU$44.0b18x19.9x4.1x
Sun, 01 Dec 2024AU$914.9bAU$214.6bAU$43.8b17.6x20.9x4.3x
Tue, 29 Oct 2024AU$869.1bAU$212.7bAU$43.7b17.4x19.9x4.1x
Thu, 26 Sep 2024AU$841.4bAU$211.5bAU$43.6b17.7x19.3x4x
Sat, 24 Aug 2024AU$824.7bAU$211.1bAU$43.8b19.6x18.8x3.9x
Mon, 22 Jul 2024AU$809.6bAU$210.1bAU$44.0b17.9x18.4x3.9x
Wed, 19 Jun 2024AU$784.1bAU$210.4bAU$44.2b17.5x17.7x3.7x
Fri, 17 May 2024AU$761.7bAU$210.1bAU$44.2b17.7x17.2x3.6x
Sun, 14 Apr 2024AU$749.6bAU$219.5bAU$46.0b17.8x16.3x3.4x
Tue, 12 Mar 2024AU$756.2bAU$218.8bAU$46.1b17.7x16.4x3.5x
Thu, 08 Feb 2024AU$722.3bAU$198.0bAU$45.7b17.5x15.8x3.6x
Sat, 06 Jan 2024AU$695.6bAU$198.4bAU$45.5b16.7x15.3x3.5x
Mon, 04 Dec 2023AU$653.7bAU$198.3bAU$45.5b16.5x14.4x3.3x
Wed, 01 Nov 2023AU$627.7bAU$197.8bAU$45.5b15.9x13.8x3.2x
Fri, 29 Sep 2023AU$649.8bAU$197.7bAU$45.6b16.4x14.3x3.3x
Sun, 27 Aug 2023AU$643.7bAU$198.1bAU$46.0b16.1x14x3.2x
Tue, 25 Jul 2023AU$666.3bAU$186.7bAU$44.5b19.1x15x3.6x
Thu, 22 Jun 2023AU$648.1bAU$186.7bAU$44.5b17.2x14.5x3.5x
Sat, 20 May 2023AU$628.5bAU$185.0bAU$43.5b17.6x14.4x3.4x
Price to Earnings Ratio

14.4x


Total Market Cap: AU$628.5bTotal Earnings: AU$43.5bTotal Revenue: AU$185.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Financials Sector Price to Earnings3Y Average 18.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 18.1x.
  • The industry is trading close to its 3-year average PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 3.8% per year over the last three years.
  • Revenues for these companies have grown 5.8% 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-0.098%
Financials-1.76%
Consumer Finance3.63%
Diversified Financial0.89%
Mortgage Finance0%0
Mortgage REITs0%0
Capital Markets-1.42%
Banks-1.96%
Insurance-2.13%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 17.6x.
    • Analysts are expecting annual earnings growth of 5.6%, which is higher than its past year's earnings decline of 11.7% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 28.5x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 18% over the next 5 years.
  • However this is lower than its past earnings growth rate of 36% per year.
  • In contrast, the Diversified Financial industry is expected to see its earnings decline by 26% 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
GDG Generation Development GroupAU$4.1715.8%
+AU$228.0m		-14.9%PS3.1x
QAL QualitasAU$2.8215.1%
+AU$109.5m		2.9%PE22x
FPR FleetPartners GroupAU$2.8812.5%
+AU$68.3m		-5.0%PE7.9x
L1G L1 GroupAU$1.191.7%
+AU$50.2m		n/aPE25.5x
MFF MFF Capital InvestmentsAU$4.841.7%
+AU$47.1m		13.9%PE11x

Latest News

QAL
AU$2.82
Qualitas
7D
15.1%
1Y
2.9%
MQG
AU$236.80
Macquarie Group
7D
-1.6%
1Y
11.8%
Analysis Article • 21h

Earnings Beat: Macquarie Group Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Macquarie Group Limited ( ASX:MQG ) investors will be delighted, with the company turning in some strong numbers with...
CBA
AU$153.67
Commonwealth Bank of Australia
7D
-13.7%
1Y
-8.3%
Narrative Update • May 12

CBA: Elevated P/E And Thin Margin Cushion May Pressure Future Returns

Analysts have made a small adjustment to the Commonwealth Bank of Australia price target to A$125.95. This reflects slightly higher discount rate assumptions, modestly lower revenue growth expectations, and a marginally stronger projected profit margin and future P/E.
MFF
AU$4.84
MFF Capital Investments
7D
1.7%
1Y
13.9%
FPR
AU$2.88
FleetPartners Group
7D
12.5%
1Y
-5.0%
WBC
AU$35.57
Westpac Banking
7D
-8.7%
1Y
13.8%
MPL
AU$4.56
Medibank Private
7D
-2.1%
1Y
-3.0%
NAB
AU$36.86
National Australia Bank
7D
-7.9%
1Y
2.1%
ASX
AU$57.34
ASX
7D
-8.7%
1Y
-20.4%
Narrative Update • May 06

ASX: CEO Transition And Clearing Upgrade Will Shape Balanced Return Outlook

Analysts have revised their price target for ASX to A$59.29 from A$58.42, reflecting slightly updated assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News Interim CEO appointed, with Group Executive Markets and Listings Darren Yip set to take over as Interim Chief Executive Officer from 29 May 2026 while the board continues a global search for a permanent CEO (Executive Changes).
ANZ
AU$34.57
ANZ Group Holdings
7D
-6.7%
1Y
21.2%
BFG
AU$1.43
Bell Financial Group
7D
6.3%
1Y
8.7%
SUN
AU$16.74
Suncorp Group
7D
-2.4%
1Y
-17.5%
Narrative Update • May 04

SUN: Future Returns Will Depend On Leadership Stability And Dividend Delivery

Analysts have nudged their Suncorp Group price target higher to around A$18.74 from about A$18.29, reflecting updated assumptions around fair value, slightly different long term revenue growth expectations, and modest changes to projected profit margins and future P/E levels. What's in the News CEO Steve Johnston is taking a short period of temporary leave to recuperate from a medical procedure, with current CFO Jeremy Robson stepping in as Acting CEO during this time (Key Developments).
GDG
AU$4.17
Generation Development Group
7D
15.8%
1Y
-14.9%
Narrative Update • May 03

GDG: Lower Multiple And Solid Margins Will Support Future Upside

Analysts have revised their A$ price target on Generation Development Group lower, citing adjusted fair value assumptions, slightly softer revenue and margin expectations, and a reduced future P/E multiple. Valuation Changes Fair Value: A$ fair value estimate reduced from A$7.45 to A$5.96, indicating a lower assessed valuation level.
SOL
AU$42.59
WHSP Holdings
7D
0.3%
1Y
14.1%
Narrative Update • Apr 27

SOL: Future Dividend Increase Will Sit With Steady Fair Value View

Analysts have kept WHSP Holdings' fair value estimate steady at A$40.18 per share, with the unchanged assumptions around revenue trends, profit margins and future P/E multiples supporting a stable price target outlook, even with a slightly higher discount rate. What's in the News The Board of Washington H.
CCP
AU$11.41
Credit Corp Group
7D
4.3%
1Y
-18.8%
Narrative Update • Apr 23

CCP: Reaffirmed 2026 Earnings Guidance Will Support Confidence In Future Profitability

Analysts have maintained their fair value estimate for Credit Corp Group at A$22.88. Only small model adjustments to the discount rate, revenue growth, profit margin and assumed future P/E are behind this unchanged price target.
L1G
AU$1.19
L1 Group
7D
1.7%
1Y
n/a