What You Can Learn From Perpetual Limited's (ASX:PPT) P/E
Apr 18
Australian (ASX) Asset Management Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies69
- 7D0.3%
- 3M4.3%
- 1Y12.9%
- YTDn/a
The Asset Management is pretty flat in the last 7 days, but Pinnacle Investment Management Group has stood out, gaining 3.1%. As for the the longer term, the industry is up 12% over the past 12 months. Looking forward, 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | AU$53.1b | AU$9.1b | AU$2.4b | 22.8x | 21.8x | 5.8x |
| Sun, 24 Mar 2024 | AU$53.8b | AU$9.1b | AU$2.4b | 22x | 22.1x | 5.9x |
| Tue, 20 Feb 2024 | AU$52.2b | AU$8.7b | AU$2.5b | 20.5x | 21x | 6x |
| Thu, 18 Jan 2024 | AU$52.4b | AU$9.0b | AU$2.3b | 21x | 22.3x | 5.8x |
| Sat, 16 Dec 2023 | AU$50.0b | AU$8.9b | AU$2.3b | 20.1x | 21.6x | 5.6x |
| Mon, 13 Nov 2023 | AU$45.9b | AU$9.0b | AU$2.3b | 19.3x | 19.6x | 5.1x |
| Wed, 11 Oct 2023 | AU$45.0b | AU$8.5b | AU$2.0b | 19.3x | 22.3x | 5.3x |
| Fri, 08 Sep 2023 | AU$46.3b | AU$8.5b | AU$2.0b | 19.7x | 23x | 5.5x |
| Sun, 06 Aug 2023 | AU$46.5b | AU$8.0b | AU$2.0b | 21.3x | 23.3x | 5.8x |
| Tue, 04 Jul 2023 | AU$45.8b | AU$8.1b | AU$2.1b | 22x | 22.2x | 5.7x |
| Thu, 01 Jun 2023 | AU$44.2b | AU$8.2b | AU$2.1b | 20.4x | 20.8x | 5.4x |
| Sat, 29 Apr 2023 | AU$45.0b | AU$8.2b | AU$2.1b | 20.7x | 21.2x | 5.5x |
| Mon, 27 Mar 2023 | AU$47.9b | AU$8.7b | AU$2.2b | 21.5x | 21.6x | 5.5x |
| Wed, 22 Feb 2023 | AU$48.0b | AU$8.2b | AU$2.3b | 20.9x | 20.6x | 5.8x |
| Fri, 20 Jan 2023 | AU$45.7b | AU$8.4b | AU$2.2b | 17.6x | 21.2x | 5.5x |
| Sun, 18 Dec 2022 | AU$43.8b | AU$8.4b | AU$2.2b | 17.3x | 20.1x | 5.2x |
| Tue, 15 Nov 2022 | AU$45.3b | AU$8.4b | AU$2.2b | 18.3x | 20.8x | 5.4x |
| Thu, 13 Oct 2022 | AU$42.8b | AU$8.5b | AU$2.3b | 17.3x | 19x | 5x |
| Sat, 10 Sep 2022 | AU$45.9b | AU$8.5b | AU$2.2b | 18.2x | 21.2x | 5.4x |
| Mon, 08 Aug 2022 | AU$49.9b | AU$8.1b | AU$2.1b | 14.3x | 23.6x | 6.2x |
| Wed, 06 Jul 2022 | AU$45.0b | AU$8.0b | AU$2.0b | 14.9x | 22.2x | 5.6x |
| Fri, 03 Jun 2022 | AU$49.1b | AU$8.1b | AU$2.1b | 14.5x | 23.8x | 6.1x |
| Sun, 01 May 2022 | AU$50.0b | AU$8.0b | AU$2.1b | 14.9x | 24.3x | 6.2x |
| Tue, 29 Mar 2022 | AU$54.2b | AU$11.5b | AU$2.7b | 15.5x | 20.1x | 4.7x |
| Thu, 24 Feb 2022 | AU$57.4b | AU$10.7b | AU$3.1b | 15.5x | 18.5x | 5.4x |
| Sat, 22 Jan 2022 | AU$56.3b | AU$6.9b | AU$2.2b | 15.6x | 25.2x | 8.2x |
| Mon, 20 Dec 2021 | AU$59.5b | AU$6.8b | AU$2.2b | 15.6x | 27.3x | 8.7x |
| Wed, 17 Nov 2021 | AU$61.5b | AU$6.9b | AU$2.1b | 17.6x | 28.6x | 9x |
| Fri, 15 Oct 2021 | AU$59.0b | AU$6.4b | AU$1.9b | 19.3x | 31.5x | 9.2x |
| Sun, 12 Sep 2021 | AU$63.4b | AU$6.8b | AU$2.1b | 17.4x | 29.6x | 9.3x |
| Tue, 10 Aug 2021 | AU$64.0b | AU$6.8b | AU$2.1b | 16.2x | 29.9x | 9.3x |
| Mon, 03 May 2021 | AU$56.9b | AU$6.2b | AU$2.0b | 14.4x | 29.1x | 9.2x |
Price to Earnings Ratio
29.1x
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 23.7x.
- The 3-year average PS ratio of 6.5x is higher than the industry's current PS ratio of 5.8x.
Past Earnings Growth
- The earnings for companies in the Asset Management and Custody Banks industry have grown 7.6% per year over the last three years.
- Revenues for these companies have grown 14% 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 | 0.42% | |
| Financials | 1.20% | |
| Capital Markets | 0.57% | |
| Asset Management | 0.29% | |
| Investment Banking and Brokerage | 1.18% | |
| Financial Exchanges and Data | 1.08% | |
| Diversified Capital Markets | 0.67% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PNI Pinnacle Investment Management Group | AU$11.28 | 3.1% +AU$67.4m | 40.3% | PE29.4x | |
| IFL Insignia Financial | AU$2.46 | 2.9% +AU$46.8m | -15.8% | PS0.8x | |
| NGI Navigator Global Investments | AU$1.77 | 5.0% +AU$41.5m | 65.4% | PE57.3x | |
| NWL Netwealth Group | AU$19.94 | 0.8% +AU$36.6m | 51.3% | PE64.2x | |
| MFG Magellan Financial Group | AU$9.16 | 1.9% +AU$30.7m | 16.1% | PE8.2x |
