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Australian (ASX) Asset Management Industry Analysis

UpdatedJul 17, 2026
DataAggregated Company Financials
Companies65
  • 7D-0.3%
  • 3M1.6%
  • 1Y-13.2%
  • YTDn/a

Last week, the Asset Management industry hasn't moved much but Australian Ethical Investment is up 5.3% in that time. As for the longer term, the industry has declined 13% in the last year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 Jul 2026AU$56.7bAU$7.6bAU$2.7b21.1x21.1x7.5x
Sun, 14 Jun 2026AU$52.6bAU$7.6bAU$2.7b19.6x19.6x6.9x
Tue, 12 May 2026AU$54.2bAU$7.6bAU$2.7b20.3x20.3x7.2x
Thu, 09 Apr 2026AU$58.3bAU$9.3bAU$2.8b21.5x20.5x6.3x
Sat, 07 Mar 2026AU$59.8bAU$9.3bAU$2.8b22.1x21x6.4x
Mon, 02 Feb 2026AU$61.0bAU$9.0bAU$3.2b21.1x19.3x6.8x
Wed, 31 Dec 2025AU$61.7bAU$9.0bAU$3.2b21.1x19.4x6.8x
Fri, 28 Nov 2025AU$62.2bAU$9.1bAU$3.2b22.4x19.4x6.9x
Sun, 26 Oct 2025AU$63.1bAU$8.9bAU$3.1b22.8x20.2x7.1x
Tue, 23 Sep 2025AU$60.6bAU$9.0bAU$3.1b22.5x19.4x6.7x
Thu, 21 Aug 2025AU$63.6bAU$9.3bAU$2.7b16.3x24x6.9x
Sat, 19 Jul 2025AU$65.0bAU$9.6bAU$3.0b15x21.3x6.8x
Mon, 16 Jun 2025AU$60.2bAU$9.6bAU$3.0b14.4x19.7x6.2x
Wed, 14 May 2025AU$61.1bAU$9.6bAU$3.1b14.4x20x6.3x
Fri, 11 Apr 2025AU$55.7bAU$9.7bAU$3.1b13.3x18x5.7x
Sun, 09 Mar 2025AU$61.8bAU$9.7bAU$3.1b14.3x20.1x6.4x
Tue, 04 Feb 2025AU$66.5bAU$10.1bAU$2.5b18.4x26.6x6.6x
Thu, 02 Jan 2025AU$64.0bAU$9.8bAU$2.3b18.7x28.4x6.5x
Sat, 30 Nov 2024AU$66.4bAU$9.7bAU$2.2b18.8x29.9x6.8x
Mon, 28 Oct 2024AU$64.1bAU$9.7bAU$2.2b19.3x28.8x6.6x
Wed, 25 Sep 2024AU$57.4bAU$9.6bAU$2.1b18x26.8x6x
Fri, 23 Aug 2024AU$56.8bAU$9.3bAU$2.4b20.7x23.6x6.1x
Sun, 21 Jul 2024AU$56.9bAU$9.0bAU$2.4b22x23.5x6.3x
Tue, 18 Jun 2024AU$54.2bAU$9.1bAU$2.4b20.5x22.4x6x
Thu, 16 May 2024AU$52.9bAU$9.1bAU$2.4b22.9x21.9x5.8x
Sat, 13 Apr 2024AU$53.8bAU$9.1bAU$2.4b22.7x22.1x5.9x
Mon, 11 Mar 2024AU$53.1bAU$9.1bAU$2.4b22.8x21.8x5.8x
Wed, 07 Feb 2024AU$51.5bAU$8.6bAU$2.4b22.5x21.7x6x
Fri, 05 Jan 2024AU$51.6bAU$9.0bAU$2.3b20.6x22.1x5.7x
Sun, 03 Dec 2023AU$47.3bAU$8.9bAU$2.3b19.4x20.4x5.3x
Tue, 31 Oct 2023AU$42.4bAU$8.5bAU$2.0b19.3x21.1x5x
Thu, 28 Sep 2023AU$46.0bAU$8.5bAU$2.0b19.5x22.8x5.4x
Sat, 26 Aug 2023AU$45.4bAU$8.5bAU$1.9b20.1x23.9x5.3x
Mon, 24 Jul 2023AU$46.9bAU$8.1bAU$2.1b22.7x22.8x5.8x
Price to Earnings Ratio

22.8x


Total Market Cap: AU$46.9bTotal Earnings: AU$2.1bTotal Revenue: AU$8.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Asset Management Industry Price to Earnings3Y Average 22.1x202420252026
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 22.1x.
  • The 3-year average PS ratio of 6.3x is lower than the industry's current PS ratio of 7.5x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 9.5% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.1% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

How does Australian Asset Management compare with similar industries?

AU Market0.80%
Financials1.59%
Capital Markets1.22%
Asset Management-0.33%
Financial Exchanges and Data4.43%
Diversified Capital Markets1.80%
Investment Banking and Brokerage1.39%
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
AEF Australian Ethical InvestmentAU$4.745.3%
+AU$27.3m		-31.3%PE22.4x
QAL QualitasAU$3.272.8%
+AU$26.6m		-9.2%PE25.6x
AUI Australian United InvestmentAU$11.090.9%
+AU$21.8m		-1.9%PE46.9x
MIR Mirrabooka InvestmentsAU$2.622.7%
+AU$15.7m		-21.8%PE45.3x
DJW Djerriwarrh InvestmentsAU$2.961.4%
+AU$10.5m		-8.1%PE20.2x

Latest News

MIR
AU$2.62
Mirrabooka Investments
7D
2.7%
1Y
-21.8%
HMC
AU$2.89
HMC Capital
7D
-2.0%
1Y
-24.9%
RPL
AU$3.05
Regal Partners
7D
-2.6%
1Y
14.7%
Narrative Update • Jul 16

RPL: Dividend And Buyback Program Will Support Higher Future Earnings Multiple

Analysts have lowered their price target for Regal Partners to A$3.75 from A$4.41, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Regal Partners No recent company specific news on Regal Partners was identified in the provided sources.
GQG
AU$1.40
GQG Partners
7D
-3.1%
1Y
-38.5%
MFG
AU$9.70
Magellan Financial Group
7D
-2.3%
1Y
-2.1%
QAL
AU$3.27
Qualitas
7D
2.8%
1Y
-9.2%
Narrative Update • Jul 10

QAL: Higher Margins And Richer P/E Will Support Future Upside

Analysts have lifted their price target on Qualitas from A$4.70 to A$5.10, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E that change their overall valuation framework. What’s in the News for Qualitas No recent Qualitas specific news has been identified from the provided primary news stories.
NGI
AU$2.36
Navigator Global Investments
7D
-3.7%
1Y
29.0%
Narrative Update • Jul 09

NGI: Alternatives Focus And Rights Offering Will Support Future Upside

Navigator Global Investments' analyst price target has shifted from A$2.97 to A$3.39, with analysts pointing to the company's focus on alternative assets and what they view as improved earnings quality as key drivers behind the updated view. What’s in the News for Navigator Global Investments Navigator Global Investments filed a follow on equity offering totaling A$144.979502 million in ordinary shares.
DJW
AU$2.96
Djerriwarrh Investments
7D
1.4%
1Y
-8.1%
EQT
AU$18.33
EQT Holdings
7D
2.1%
1Y
-43.4%
PNI
AU$17.66
Pinnacle Investment Management Group
7D
0.2%
1Y
-23.3%
Narrative Update • Jun 26

PNI: Higher Profitability Assumptions Will Support Stronger Future Earnings Potential

Analysts have trimmed their price target on Pinnacle Investment Management Group from A$29 to A$26. This reflects updated views on fair value, discount rate settings, revenue growth expectations, profit margin assumptions and future P/E multiples.
AFI
AU$6.93
Australian Foundation Investment
7D
-0.3%
1Y
-8.7%
AUI
AU$11.09
Australian United Investment
7D
0.9%
1Y
-1.9%
NWL
AU$23.48
Netwealth Group
7D
-1.6%
1Y
-36.8%
Narrative Update • Jun 23

NWL: Rich Dividend And Index Removal Will Still Cap Future Returns

Analysts have nudged their price target on Netwealth Group slightly higher to A$17.86, with updated assumptions pointing to a modestly higher revenue growth outlook, a slightly wider profit margin, a marginally higher discount rate, and a slightly lower future P/E multiple. What's in the News No recent Netwealth Group specific news items, periodical coverage, or key developments were provided in the available sources.
AEF
AU$4.74
Australian Ethical Investment
7D
5.3%
1Y
-31.3%
Narrative Update • Jun 22

AEF: Steady Assumptions And Higher Future P/E Will Support Attractive Outlook

Analysts have maintained their A$ fair value estimate for Australian Ethical Investment at A$6.70, with only small adjustments to inputs such as the discount rate and the assumed future P/E multiple shaping the updated price target rationale. What's in the News No recent company specific news for Australian Ethical Investment has been provided in the available sources.
L1G
AU$1.11
L1 Group
7D
-9.8%
1Y
n/a
PL8
AU$1.41
Plato Income Maximiser
7D
0.4%
1Y
2.9%