Subdued Growth No Barrier To ASX Limited's (ASX:ASX) Price
Sep 29
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Australian (ASX) Capital Markets Industry Analysis
UpdatedSep 30, 2025
DataAggregated Company Financials
Companies77
- 7D-1.3%
- 3M-3.1%
- 1Y-2.2%
- YTD-1.5%
Over the last 7 days, the Capital Markets industry has dropped 1.3%, driven by Macquarie Group declining 0.7%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 9.9% per annum.
Industry Valuation and Performance
Has the Australian Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 30 Sep 2025 | AU$160.9b | AU$28.7b | AU$7.3b | 22.6x | 21.9x | 5.6x |
| Thu, 28 Aug 2025 | AU$167.9b | AU$28.9b | AU$6.9b | 22.8x | 24.2x | 5.8x |
| Sat, 26 Jul 2025 | AU$165.5b | AU$30.0b | AU$7.2b | 16x | 23x | 5.5x |
| Mon, 23 Jun 2025 | AU$156.3b | AU$30.0b | AU$7.2b | 15.1x | 21.7x | 5.2x |
| Wed, 21 May 2025 | AU$157.3b | AU$30.0b | AU$7.2b | 14.8x | 21.8x | 5.2x |
| Fri, 18 Apr 2025 | AU$140.4b | AU$30.0b | AU$7.2b | 14.1x | 19.4x | 4.7x |
| Sun, 16 Mar 2025 | AU$150.9b | AU$30.0b | AU$7.2b | 14.3x | 20.9x | 5x |
| Tue, 11 Feb 2025 | AU$169.6b | AU$30.3b | AU$6.7b | 22.2x | 25.5x | 5.6x |
| Thu, 09 Jan 2025 | AU$168.6b | AU$30.0b | AU$6.4b | 21.3x | 26.4x | 5.6x |
| Sat, 07 Dec 2024 | AU$170.6b | AU$30.1b | AU$6.3b | 20x | 26.9x | 5.7x |
| Mon, 04 Nov 2024 | AU$164.5b | AU$30.1b | AU$6.3b | 19.8x | 26x | 5.5x |
| Wed, 02 Oct 2024 | AU$159.3b | AU$29.6b | AU$6.0b | 18.3x | 26.4x | 5.4x |
| Fri, 30 Aug 2024 | AU$151.5b | AU$29.6b | AU$6.0b | 19x | 25.1x | 5.1x |
| Sun, 28 Jul 2024 | AU$149.0b | AU$28.9b | AU$6.3b | 21.7x | 23.6x | 5.2x |
| Tue, 25 Jun 2024 | AU$143.2b | AU$28.9b | AU$6.3b | 21.1x | 22.7x | 5x |
| Thu, 23 May 2024 | AU$141.6b | AU$28.9b | AU$6.3b | 23.1x | 22.5x | 4.9x |
| Sat, 20 Apr 2024 | AU$137.5b | AU$30.5b | AU$7.1b | 20.7x | 19.4x | 4.5x |
| Mon, 18 Mar 2024 | AU$141.7b | AU$30.4b | AU$7.1b | 20.9x | 20x | 4.7x |
| Wed, 14 Feb 2024 | AU$137.4b | AU$29.8b | AU$6.9b | 21.9x | 19.9x | 4.6x |
| Fri, 12 Jan 2024 | AU$134.7b | AU$30.2b | AU$6.9b | 21.1x | 19.7x | 4.5x |
| Sun, 10 Dec 2023 | AU$126.2b | AU$30.1b | AU$6.8b | 19.7x | 18.5x | 4.2x |
| Tue, 07 Nov 2023 | AU$118.3b | AU$29.6b | AU$6.5b | 19.5x | 18.1x | 4x |
| Thu, 05 Oct 2023 | AU$122.3b | AU$30.3b | AU$7.4b | 19.1x | 16.5x | 4x |
| Sat, 02 Sep 2023 | AU$127.0b | AU$30.3b | AU$7.4b | 19.9x | 17.2x | 4.2x |
| Mon, 31 Jul 2023 | AU$127.8b | AU$29.7b | AU$7.4b | 20.9x | 17.3x | 4.3x |
| Wed, 28 Jun 2023 | AU$124.1b | AU$29.8b | AU$7.5b | 20x | 16.5x | 4.2x |
| Fri, 26 May 2023 | AU$126.5b | AU$29.8b | AU$7.5b | 19.7x | 16.8x | 4.2x |
| Sun, 23 Apr 2023 | AU$129.9b | AU$28.9b | AU$7.3b | 20.4x | 17.7x | 4.5x |
| Tue, 21 Mar 2023 | AU$122.1b | AU$28.9b | AU$7.3b | 19.6x | 16.6x | 4.2x |
| Thu, 16 Feb 2023 | AU$135.2b | AU$29.0b | AU$7.6b | 17.9x | 17.8x | 4.7x |
| Sat, 14 Jan 2023 | AU$128.3b | AU$28.9b | AU$7.6b | 17.2x | 16.9x | 4.4x |
| Mon, 12 Dec 2022 | AU$123.0b | AU$28.9b | AU$7.6b | 17.2x | 16.2x | 4.3x |
| Wed, 09 Nov 2022 | AU$122.1b | AU$29.0b | AU$7.6b | 16.7x | 16x | 4.2x |
| Fri, 07 Oct 2022 | AU$121.9b | AU$28.3b | AU$7.3b | 16.9x | 16.6x | 4.3x |
Price to Earnings Ratio
16.6x
Current Industry PE
- Investors are relatively neutral on the Australian Capital Markets 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 20.5x.
- The 3-year average PS ratio of 4.8x is lower than the industry's current PS ratio of 5.6x.
Past Earnings Growth
- Both revenue and earnings for companies in the Capital Markets industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Australian Financials industry?
| AU Market | 0.51% | |
| Financials | 0.66% | |
| Capital Markets | -1.27% | |
| Diversified Capital Markets | -0.75% | |
| Asset Management | -1.27% | |
| Investment Banking and Brokerage | -3.06% | |
| Financial Exchanges and Data | -3.33% | |
Industry PE
- Investors are most optimistic about the Investment Banking and Brokerage industry even though it's trading below its 3-year average PE ratio of 81.5x.
- Analysts are expecting annual earnings growth of 19.4%, which is lower than the prior year's growth of 57.3% per year.
- Investors are most pessimistic about the Asset Management industry, which is trading below its 3-year average of 22.4x.
Forecasted Growth
- Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 57% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 4.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RPL Regal Partners | AU$2.95 | 3.1% +AU$70.8m | -17.4% | PE25.6x | |
| ARG Argo Investments | AU$9.31 | 0.9% +AU$60.9m | 4.0% | PE27.3x | |
| CVC CVC | AU$2.15 | 7.5% +AU$17.5m | 16.2% | PE466.4x | |
| PL8 Plato Income Maximiser | AU$1.45 | 1.4% +AU$15.0m | 16.0% | PE13x | |
| SNC Sandon Capital Investments | AU$0.97 | 7.1% +AU$9.5m | 21.5% | PE5.8x |
