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

Australian (ASX) Asset Management Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies68
  • 7D0.2%
  • 3M-7.9%
  • 1Y-10.7%
  • YTDn/a

The Asset Management is pretty flat in the last 7 days, but GQG Partners has stood out, gaining 10%. As for the longer term, the industry has declined 11% in the last year. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the Australian Asset Management Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Nov 2025AU$60.3bAU$9.1bAU$3.2b22.2x18.7x6.6x
Thu, 23 Oct 2025AU$63.4bAU$8.9bAU$3.1b22.3x20.2x7.1x
Sat, 20 Sep 2025AU$60.5bAU$9.0bAU$3.1b22.4x19.4x6.7x
Mon, 18 Aug 2025AU$64.3bAU$9.2bAU$2.8b15.8x23.2x7x
Wed, 16 Jul 2025AU$63.5bAU$9.6bAU$3.0b15.1x20.9x6.6x
Fri, 13 Jun 2025AU$61.0bAU$9.6bAU$3.0b14.5x20x6.3x
Sun, 11 May 2025AU$59.2bAU$9.6bAU$3.1b14.2x19.4x6.1x
Tue, 08 Apr 2025AU$52.9bAU$9.7bAU$3.1b13x17x5.4x
Thu, 06 Mar 2025AU$62.3bAU$9.7bAU$3.1b14.7x20.2x6.4x
Sat, 01 Feb 2025AU$67.0bAU$10.1bAU$2.5b18.7x26.8x6.6x
Mon, 30 Dec 2024AU$64.4bAU$9.8bAU$2.3b18.6x28.6x6.6x
Wed, 27 Nov 2024AU$66.5bAU$9.7bAU$2.2b19.3x29.9x6.8x
Fri, 25 Oct 2024AU$63.1bAU$9.7bAU$2.2b19.3x28.4x6.5x
Sun, 22 Sep 2024AU$56.9bAU$9.6bAU$2.1b17.9x26.6x5.9x
Tue, 20 Aug 2024AU$56.8bAU$9.2bAU$2.6b21.2x22.2x6.2x
Thu, 18 Jul 2024AU$57.8bAU$9.0bAU$2.4b23.6x23.9x6.4x
Sat, 15 Jun 2024AU$54.4bAU$9.0bAU$2.4b20.5x22.5x6x
Mon, 13 May 2024AU$53.1bAU$9.1bAU$2.4b23.2x21.9x5.8x
Wed, 10 Apr 2024AU$54.0bAU$9.1bAU$2.4b22.8x22.2x5.9x
Fri, 08 Mar 2024AU$53.0bAU$9.1bAU$2.4b22.9x21.8x5.8x
Sun, 04 Feb 2024AU$53.4bAU$9.2bAU$2.5b22x21.8x5.8x
Tue, 02 Jan 2024AU$51.1bAU$8.9bAU$2.3b20.4x22.1x5.7x
Thu, 30 Nov 2023AU$47.3bAU$8.9bAU$2.3b19.4x20.4x5.3x
Sat, 28 Oct 2023AU$42.5bAU$8.5bAU$2.0b19.3x21.1x5x
Mon, 25 Sep 2023AU$46.5bAU$8.5bAU$2.0b19.9x23.1x5.5x
Wed, 23 Aug 2023AU$46.0bAU$8.1bAU$1.9b23.2x23.9x5.6x
Fri, 21 Jul 2023AU$46.8bAU$8.1bAU$2.0b22.7x22.9x5.8x
Sun, 18 Jun 2023AU$45.5bAU$8.1bAU$2.1b20.8x21.6x5.6x
Tue, 16 May 2023AU$45.5bAU$8.2bAU$2.1b20.6x21.5x5.6x
Thu, 13 Apr 2023AU$44.7bAU$8.2bAU$2.1b21.7x21.1x5.5x
Sat, 11 Mar 2023AU$46.2bAU$8.2bAU$2.1b21.8x21.7x5.6x
Mon, 06 Feb 2023AU$48.0bAU$8.4bAU$2.2b22x22.2x5.7x
Wed, 04 Jan 2023AU$43.6bAU$8.4bAU$2.2b17.7x20x5.2x
Fri, 02 Dec 2022AU$45.5bAU$8.4bAU$2.2b17.4x20.8x5.4x
Price to Earnings Ratio

20.8x


Total Market Cap: AU$45.5bTotal Earnings: AU$2.2bTotal Revenue: AU$8.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Asset Management Industry Price to Earnings3Y Average 22.4x202320242025
Current Industry PE
  • Investors are pessimistic on the Australian Asset Management and Custody Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 18.7x which is lower than its 3-year average PE of 22.4x.
  • The 3-year average PS ratio of 6.0x is lower than the industry's current PS ratio of 6.6x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 2.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Australian Asset Management compare with similar industries?

AU Market-1.37%
Financials-1.53%
Capital Markets-0.81%
Asset Management0.19%
Financial Exchanges and Data0%0
Diversified Capital Markets-1.26%
Investment Banking and Brokerage-4.69%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
GQG GQG PartnersAU$1.6510.4%
+AU$458.1m		-28.2%PE6.9x
PNI Pinnacle Investment Management GroupAU$16.966.5%
+AU$228.9m		-30.5%PE27.9x
NWL Netwealth GroupAU$27.863.2%
+AU$211.0m		-7.5%PE58.7x
RPL Regal PartnersAU$3.0210.2%
+AU$102.6m		-24.9%PE26.2x
HMC HMC CapitalAU$3.156.8%
+AU$82.5m		-74.3%PE8.8x

Latest News

NWL
AU$27.86
Netwealth Group
7D
3.2%
1Y
-7.5%

NWL: Recent Index Inclusion Will Support Margin Stability And Solidify Outlook

Analysts have modestly reduced their price target for Netwealth Group, lowering it from $32.27 to $31.41. They cite slight adjustments to growth and profitability forecasts as the reason for this change.
MAF
AU$9.30
MA Financial Group
7D
-0.4%
1Y
44.2%

Investors Appear Satisfied With MA Financial Group Limited's (ASX:MAF) Prospects

Nov 20
Investors Appear Satisfied With MA Financial Group Limited's (ASX:MAF) Prospects
PPT
AU$18.80
Perpetual
7D
3.8%
1Y
-11.8%
IFL
AU$4.53
Insignia Financial
7D
-0.4%
1Y
45.7%

IFL: Revenue Margin Updates Will Guide Measured Performance Expectations

Narrative Update on Insignia Financial Analysts have maintained their price target for Insignia Financial at $4.79, noting only slight adjustments to underlying estimates based on updated discount rates and market assumptions. What's in the News Insignia Financial Ltd.
RPL
AU$3.02
Regal Partners
7D
10.2%
1Y
-24.9%

RPL: Index Inclusions And Dividend Announcement Will Drive Stronger Performance

Narrative Update on Regal Partners Analysts have maintained their price target for Regal Partners at $4.95. They cite stable fundamentals with minimal changes in underlying metrics and discount rates.
GQG
AU$1.65
GQG Partners
7D
10.4%
1Y
-28.2%

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.
PAC
AU$10.58
Pacific Current Group
7D
-4.3%
1Y
-1.6%
PL8
AU$1.42
Plato Income Maximiser
7D
-0.7%
1Y
15.4%

Plato Income Maximiser (ASX:PL8) Is Paying Out A Dividend Of A$0.0055

Nov 01
Plato Income Maximiser (ASX:PL8) Is Paying Out A Dividend Of A$0.0055
QAL
AU$3.84
Qualitas
7D
6.4%
1Y
44.4%

Why We're Not Concerned About Qualitas Limited's (ASX:QAL) Share Price

Oct 28
Why We're Not Concerned About Qualitas Limited's (ASX:QAL) Share Price
PNI
AU$16.96
Pinnacle Investment Management Group
7D
6.5%
1Y
-30.5%
HMC
AU$3.15
HMC Capital
7D
6.8%
1Y
-74.3%
MFF
AU$4.70
MFF Capital Investments
7D
1.7%
1Y
10.8%
CIN
AU$34.20
Carlton Investments
7D
-1.9%
1Y
10.7%
AFI
AU$7.07
Australian Foundation Investment
7D
-0.8%
1Y
-5.7%
AUI
AU$10.98
Australian United Investment
7D
-0.5%
1Y
2.0%

Australian United Investment (ASX:AUI) Has Affirmed Its Dividend Of A$0.28

Aug 23
Australian United Investment (ASX:AUI) Has Affirmed Its Dividend Of A$0.28
AMH
AU$1.03
AMCIL
7D
-1.0%
1Y
-13.1%