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Australian (ASX) Asset Management Industry Analysis

UpdatedNov 02, 2025
DataAggregated Company Financials
Companies69
  • 7D-0.3%
  • 3M-6.6%
  • 1Y-4.7%
  • YTDn/a

The Asset Management is pretty flat in the last 7 days, but L1 Group has stood out, gaining 8.7%. Unfortunately though, the industry is down 4.7% over the past 12 months. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 02 Nov 2025AU$62.9bAU$9.1bAU$3.2b22.6x19.6x6.9x
Tue, 30 Sep 2025AU$59.8bAU$9.0bAU$3.1b22.6x19.1x6.6x
Thu, 28 Aug 2025AU$63.7bAU$9.1bAU$2.7b22.1x23.2x7x
Sat, 26 Jul 2025AU$64.3bAU$9.6bAU$3.0b14.7x21.2x6.7x
Mon, 23 Jun 2025AU$59.3bAU$9.6bAU$3.1b13.8x19.4x6.1x
Wed, 21 May 2025AU$60.2bAU$9.6bAU$3.1b14.7x19.7x6.2x
Fri, 18 Apr 2025AU$55.5bAU$9.7bAU$3.1b13.8x18.1x5.7x
Sun, 16 Mar 2025AU$59.6bAU$9.7bAU$3.1b14.1x19.4x6.2x
Tue, 11 Feb 2025AU$67.1bAU$10.1bAU$2.5b18.5x26.4x6.6x
Thu, 09 Jan 2025AU$65.4bAU$9.8bAU$2.3b18.7x29x6.7x
Sat, 07 Dec 2024AU$66.1bAU$9.7bAU$2.2b19.3x29.6x6.8x
Mon, 04 Nov 2024AU$64.2bAU$9.7bAU$2.2b18.9x28.8x6.6x
Wed, 02 Oct 2024AU$58.3bAU$9.6bAU$2.1b17.7x27.3x6.1x
Fri, 30 Aug 2024AU$56.2bAU$9.6bAU$2.1b18.2x26.4x5.9x
Sun, 28 Jul 2024AU$57.2bAU$9.1bAU$2.4b21.4x23.5x6.3x
Tue, 25 Jun 2024AU$54.5bAU$9.0bAU$2.4b20.7x22.5x6x
Thu, 23 May 2024AU$53.4bAU$9.0bAU$2.4b25.2x22.1x5.9x
Sat, 20 Apr 2024AU$53.0bAU$9.1bAU$2.4b22.6x21.7x5.8x
Mon, 18 Mar 2024AU$52.2bAU$9.1bAU$2.4b22.8x21.4x5.7x
Wed, 14 Feb 2024AU$52.0bAU$8.6bAU$2.4b21.3x21.7x6x
Fri, 12 Jan 2024AU$52.3bAU$9.0bAU$2.3b20.9x22.4x5.8x
Sun, 10 Dec 2023AU$48.7bAU$8.9bAU$2.3b19.6x21x5.5x
Tue, 07 Nov 2023AU$44.1bAU$8.4bAU$2.0b19.4x22x5.2x
Thu, 05 Oct 2023AU$45.4bAU$8.5bAU$2.0b19.1x22.5x5.4x
Sat, 02 Sep 2023AU$46.6bAU$8.5bAU$2.0b19.6x23.2x5.5x
Mon, 31 Jul 2023AU$47.1bAU$8.0bAU$2.0b22.4x23.8x5.9x
Wed, 28 Jun 2023AU$44.8bAU$8.2bAU$2.1b20.8x21.2x5.5x
Fri, 26 May 2023AU$44.6bAU$8.2bAU$2.1b20.8x21x5.4x
Sun, 23 Apr 2023AU$45.2bAU$8.2bAU$2.1b21x21.4x5.5x
Tue, 21 Mar 2023AU$43.7bAU$8.2bAU$2.1b21x20.6x5.3x
Thu, 16 Feb 2023AU$47.5bAU$8.4bAU$2.2b21.7x21.9x5.7x
Sat, 14 Jan 2023AU$45.7bAU$8.4bAU$2.2b17.6x21x5.5x
Mon, 12 Dec 2022AU$44.2bAU$8.4bAU$2.2b17.8x20.3x5.3x
Wed, 09 Nov 2022AU$43.2bAU$8.4bAU$2.2b17.3x19.7x5.1x
Price to Earnings Ratio

19.7x


Total Market Cap: AU$43.2bTotal 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 19.6x 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 6.9x.
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 2.5% 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-1.53%
Financials0.0089%
Capital Markets-1.39%
Asset Management-0.27%
Investment Banking and Brokerage2.50%
Financial Exchanges and Data-0.49%
Diversified Capital Markets-2.86%
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
L1G L1 GroupAU$1.138.7%
+AU$201.5m		n/aPE31.2x
AFI Australian Foundation InvestmentAU$7.450.9%
+AU$86.3m		0.4%PE32.8x
EQT EQT HoldingsAU$25.0911.3%
+AU$68.0m		-18.2%PE19.6x
NGI Navigator Global InvestmentsAU$2.495.5%
+AU$63.7m		49.5%PE6.7x
MFF MFF Capital InvestmentsAU$4.771.5%
+AU$41.0m		20.8%PE6.5x

Latest News

RPL
AU$2.92
Regal Partners
7D
-6.1%
1Y
-18.0%

RPL: Index Additions And Dividend Will Drive Upside Potential Ahead

Analysts have modestly raised their price target for Regal Partners to $4.95 from $4.83 after incorporating slight improvements in projected revenue growth and fair value estimates. What's in the News Regal Partners Limited (ASX:RPL) has been added to the S&P/ASX 300 Index (Key Developments) Regal Partners Limited (ASX:RPL) is now part of the S&P/ASX Small Ordinaries Index (Key Developments) The company announced an ordinary fully franked dividend of AUD 0.06 per share for the six months ended June 30, 2025.
L1G
AU$1.13
L1 Group
7D
8.7%
1Y
n/a
GQG
AU$1.57
GQG Partners
7D
-2.8%
1Y
-41.4%

Index Additions And Dividend Announcements Will Drive Future Asset Inflows

Analysts have raised their price target for GQG Partners slightly, from $2.41 to $2.42, citing modest improvements in profit margin and projected revenue growth. What's in the News GQG Partners Inc.
MAF
AU$9.61
MA Financial Group
7D
2.5%
1Y
52.3%

Retail Asset Acquisition And Revenue Outlook Will Drive Long-Term Performance

The analyst price target for MA Financial Group has increased from $10.37 to $10.97. Analysts cite slightly improved profit margins and a more favorable revenue outlook as key factors for the uplift.
PNI
AU$19.76
Pinnacle Investment Management Group
7D
-1.2%
1Y
-1.1%
NGI
AU$2.49
Navigator Global Investments
7D
5.5%
1Y
49.5%
MFG
AU$9.62
Magellan Financial Group
7D
-4.4%
1Y
-9.6%
NWL
AU$30.83
Netwealth Group
7D
-3.1%
1Y
10.2%

Analyst Adjust Price Target for Netwealth Group as Valuation Changes Follow Index Inclusion

Analysts have slightly lowered their price target for Netwealth Group to $32.27 from $32.48. This reflects minor adjustments to forecasts in response to updated growth and profitability expectations.
HMC
AU$3.10
HMC Capital
7D
-4.6%
1Y
-69.5%
ARG
AU$9.18
Argo Investments
7D
-0.2%
1Y
4.8%

Argo Investments Limited's (ASX:ARG) Share Price Could Signal Some Risk

Oct 06
Argo Investments Limited's (ASX:ARG) Share Price Could Signal Some Risk
MFF
AU$4.77
MFF Capital Investments
7D
1.5%
1Y
20.8%
EQT
AU$25.09
EQT Holdings
7D
11.3%
1Y
-18.2%
AFI
AU$7.45
Australian Foundation Investment
7D
0.9%
1Y
0.4%
AUI
AU$11.55
Australian United Investment
7D
1.6%
1Y
5.0%

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
FID
AU$12.15
Fiducian Group
7D
-9.9%
1Y
34.4%
BKI
AU$1.80
BKI Investment
7D
2.3%
1Y
6.2%