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Australian (ASX) Asset Management Industry Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies65
  • 7D-1.9%
  • 3M-4.4%
  • 1Y-10.1%
  • YTDn/a

GQG Partners is up 4.0%, leading the way for the Asset Management industry, which has gained 1.1%. In the past year, the industry is down 9.9%. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026AU$58.3bAU$9.3bAU$2.8b22.5x20.5x6.3x
Sat, 31 Jan 2026AU$61.0bAU$9.0bAU$3.1b21.1x19.4x6.8x
Mon, 29 Dec 2025AU$62.5bAU$9.0bAU$3.2b21.1x19.6x6.9x
Wed, 26 Nov 2025AU$60.9bAU$9.1bAU$3.2b22.4x18.9x6.7x
Fri, 24 Oct 2025AU$63.4bAU$8.9bAU$3.1b22.2x20.2x7.1x
Sun, 21 Sep 2025AU$60.5bAU$9.0bAU$3.1b22.4x19.4x6.7x
Tue, 19 Aug 2025AU$64.2bAU$9.2bAU$2.8b15.9x23.2x6.9x
Thu, 17 Jul 2025AU$63.1bAU$9.6bAU$3.0b15x20.7x6.6x
Sat, 14 Jun 2025AU$60.2bAU$9.6bAU$3.1b14.4x19.7x6.2x
Mon, 12 May 2025AU$59.2bAU$9.6bAU$3.1b14.2x19.4x6.1x
Wed, 09 Apr 2025AU$54.0bAU$9.7bAU$3.1b13x17.3x5.5x
Fri, 07 Mar 2025AU$62.2bAU$9.7bAU$3.1b14.7x20.2x6.4x
Sun, 02 Feb 2025AU$67.0bAU$10.1bAU$2.5b18.7x26.8x6.6x
Tue, 31 Dec 2024AU$64.2bAU$9.8bAU$2.3b18.6x28.5x6.6x
Thu, 28 Nov 2024AU$66.2bAU$9.7bAU$2.2b18.8x29.7x6.8x
Sat, 26 Oct 2024AU$64.1bAU$9.7bAU$2.2b19.3x28.8x6.6x
Mon, 23 Sep 2024AU$56.9bAU$9.6bAU$2.1b17.9x26.6x5.9x
Wed, 21 Aug 2024AU$56.9bAU$9.2bAU$2.6b21.1x22.2x6.2x
Fri, 19 Jul 2024AU$57.1bAU$9.0bAU$2.4b22.6x23.6x6.3x
Sun, 16 Jun 2024AU$54.4bAU$9.0bAU$2.4b20.4x22.5x6x
Tue, 14 May 2024AU$53.0bAU$9.1bAU$2.4b23.1x21.8x5.8x
Thu, 11 Apr 2024AU$54.2bAU$9.1bAU$2.4b23.3x22.3x6x
Sat, 09 Mar 2024AU$53.1bAU$9.1bAU$2.4b22.8x21.9x5.8x
Mon, 05 Feb 2024AU$53.4bAU$9.2bAU$2.5b22x21.8x5.8x
Wed, 03 Jan 2024AU$51.8bAU$9.0bAU$2.3b20.6x22.2x5.7x
Fri, 01 Dec 2023AU$47.5bAU$8.9bAU$2.3b19.4x20.4x5.3x
Sun, 29 Oct 2023AU$42.5bAU$8.5bAU$2.0b19.3x21.1x5x
Tue, 26 Sep 2023AU$46.6bAU$8.5bAU$2.0b19.8x23.2x5.5x
Thu, 24 Aug 2023AU$45.8bAU$8.2bAU$1.9b23x23.8x5.6x
Sat, 22 Jul 2023AU$46.9bAU$8.1bAU$2.1b22.7x22.9x5.8x
Mon, 19 Jun 2023AU$45.5bAU$8.2bAU$2.1b20.8x21.6x5.6x
Wed, 17 May 2023AU$45.2bAU$8.2bAU$2.1b20.6x21.4x5.5x
Fri, 14 Apr 2023AU$44.6bAU$8.2bAU$2.1b21x21.1x5.5x
Sun, 12 Mar 2023AU$46.2bAU$8.2bAU$2.1b21.8x21.7x5.6x
Price to Earnings Ratio

21.7x


Total Market Cap: AU$46.2bTotal Earnings: AU$2.1bTotal Revenue: AU$8.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Asset Management Industry Price to Earnings3Y Average 22.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian Asset Management and Custody Banks 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 22.2x.
  • The industry is trading close to its 3-year average PS ratio of 6.1x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 10% per year over the last three years.
  • Revenues for these companies have grown 4.3% 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-2.74%
Financials-4.08%
Capital Markets-4.52%
Asset Management-1.89%
Financial Exchanges and Data0.94%
Investment Banking and Brokerage-2.86%
Diversified Capital Markets-7.53%
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$1.824.0%
+AU$207.1m		-18.2%PE8.3x
MFG Magellan Financial GroupAU$9.5713.3%
+AU$188.3m		18.1%PE11.5x
PPT PerpetualAU$17.683.1%
+AU$60.0m		-6.9%PS1.4x
AEF Australian Ethical InvestmentAU$4.816.4%
+AU$33.0m		-20.1%PE22.8x
PL8 Plato Income MaximiserAU$1.450.7%
+AU$7.5m		15.1%PE15x

Latest News

MFG
AU$9.57
Magellan Financial Group
7D
13.3%
1Y
18.1%
PL8
AU$1.45
Plato Income Maximiser
7D
0.7%
1Y
15.1%
SCP
AU$0.11
Scalare Partners Holdings
7D
69.2%
1Y
-31.3%
AEF
AU$4.81
Australian Ethical Investment
7D
6.4%
1Y
-20.1%
RPL
AU$2.92
Regal Partners
7D
-8.2%
1Y
-5.8%
PPT
AU$17.68
Perpetual
7D
3.1%
1Y
-6.9%
HMC
AU$2.41
HMC Capital
7D
-14.2%
1Y
-71.7%
PNI
AU$14.81
Pinnacle Investment Management Group
7D
-4.3%
1Y
-29.5%
MAF
AU$8.24
MA Financial Group
7D
-6.9%
1Y
2.5%

MAF: Future Returns Will Depend On Margins And Higher P E Multiple

Analysts have slightly increased their price target for MA Financial Group to A$11.68 from A$11.61, citing updated views on revenue contraction, profit margins and future P/E expectations. Valuation Changes Fair Value: A$11.68, up slightly from A$11.61, reflecting a modest adjustment in the intrinsic value estimate.
GQG
AU$1.82
GQG Partners
7D
4.0%
1Y
-18.2%

GQG: Higher Margins And Dividend Yield Will Offset Flow Headwinds

Analysts have reduced their price target on GQG Partners to A$1.85, citing accelerating fund outflows and weaker fund performance as key reasons for the lower fair value and P/E assumptions in updated models. Analyst Commentary Goldman Sachs has shifted to a Neutral stance on GQG Partners with a A$1.85 price target, pointing to faster fund outflows and weaker fund performance as key drivers of its revised assumptions.
IFL
AU$4.68
Insignia Financial
7D
0.2%
1Y
10.6%

IFL: Slightly Softer Outlook And Margins Will Support Steady Fair Value

Analysts have made a small upward adjustment to their A$ fair value estimate for Insignia Financial to A$4.82, citing slightly higher profit margin expectations and a marginally lower discount rate, partly offset by softer revenue growth assumptions and a modestly lower future P/E. Valuation Changes Fair Value: A$ fair value estimate has been adjusted slightly from A$4.80 to A$4.82.
NWL
AU$24.31
Netwealth Group
7D
-4.2%
1Y
-14.4%
MFF
AU$4.70
MFF Capital Investments
7D
-3.7%
1Y
9.3%
MAM
AU$0.50
Microequities Asset Management Group
7D
4.2%
1Y
-7.4%
ARG
AU$8.92
Argo Investments
7D
-1.5%
1Y
-0.3%

Argo Investments (ASX:ARG) Is Due To Pay A Dividend Of A$0.185

Feb 11
Argo Investments (ASX:ARG) Is Due To Pay A Dividend Of A$0.185
AFI
AU$6.78
Australian Foundation Investment
7D
-2.2%
1Y
-6.5%