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Australian (ASX) Asset Management Industry Analysis

UpdatedJul 15, 2026
DataAggregated Company Financials
Companies65
  • 7D-2.3%
  • 3M2.3%
  • 1Y-13.5%
  • YTDn/a

Over the last 7 days, the Asset Management industry has dropped 2.3%, driven by pullbacks in Netwealth Group and Magellan Financial Group of 5.2% and 8.4%, respectively. However, the industry is down 14% over the past year. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Jul 2026AU$56.3bAU$7.6bAU$2.7b21x20.8x7.4x
Fri, 12 Jun 2026AU$52.2bAU$7.6bAU$2.7b19.1x19.4x6.9x
Sun, 10 May 2026AU$54.2bAU$7.6bAU$2.7b20.2x20.3x7.2x
Tue, 07 Apr 2026AU$55.6bAU$9.3bAU$2.9b21x19.5x6x
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
Price to Earnings Ratio

22.9x


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 7.4x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 9.6% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.0% 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 Market0.05%
Financials1.01%
Capital Markets-0.93%
Asset Management-2.26%
Financial Exchanges and Data0.69%
Diversified Capital Markets-0.12%
Investment Banking and Brokerage-2.98%
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
RPL Regal PartnersAU$3.183.2%
+AU$36.8m		23.3%PE9x
EQT EQT HoldingsAU$18.485.9%
+AU$27.6m		-42.5%PE11.9x
BKI BKI InvestmentAU$1.851.4%
+AU$20.2m		3.9%PE23x
QAL QualitasAU$3.241.9%
+AU$17.8m		-6.9%PE25.3x
AUI Australian United InvestmentAU$11.110.6%
+AU$15.3m		0.4%PE47x

Latest News

GQG
AU$1.36
GQG Partners
7D
-4.9%
1Y
-37.9%
PPT
AU$18.91
Perpetual
7D
-2.0%
1Y
-9.1%
New Narrative • Jul 12

Is PPT Perpetually Undervalued?

At A$21.897 per share, Perpetual Limited (ASX: PPT) appears reasonably valued based on its current operating performance, the planned sale of its Wealth Management business and the recent takeover proposal. Using approximately 113.3 million shares on issue, the assessed price values Perpetual’s shares at around A$2.48 billion.
MFG
AU$9.77
Magellan Financial Group
7D
-7.2%
1Y
1.1%
QAL
AU$3.24
Qualitas
7D
1.9%
1Y
-6.9%
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.
MAF
AU$6.40
MA Financial Group
7D
-4.6%
1Y
-15.7%
Narrative Update • Jul 07

MAF: Future Returns Will Rely On Stable Margins And Premium P/E Multiple

Analysts have trimmed their price target on MA Financial Group to around A$10.04 from about A$11.01, citing updated assumptions that include a slightly higher discount rate, lower projected revenue and profit margin, and a marginally higher future P/E multiple. What’s in the News for MA Financial Group No recent company specific news for MA Financial Group has been provided in the available sources.
ARG
AU$8.97
Argo Investments
7D
-1.4%
1Y
-1.6%
RPL
AU$3.18
Regal Partners
7D
3.2%
1Y
23.3%
Narrative Update • Jul 01

RPL: Revised Assumptions Will Support Future Share Price Upside

Analysts have adjusted their price outlook on Regal Partners to reflect a revised fair value estimate of A$4.95. They cited slightly updated assumptions for discount rate, revenue growth, profit margin and future P/E multiples.
EQT
AU$18.48
EQT Holdings
7D
5.9%
1Y
-42.5%
AFI
AU$6.93
Australian Foundation Investment
7D
-0.9%
1Y
-7.0%
AUI
AU$11.11
Australian United Investment
7D
0.6%
1Y
0.4%
NWL
AU$23.17
Netwealth Group
7D
-1.4%
1Y
-35.2%
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.
L1G
AU$1.13
L1 Group
7D
-7.8%
1Y
n/a
SEC
AU$2.51
Spheria Emerging Companies
7D
7.7%
1Y
2.9%
PL8
AU$1.41
Plato Income Maximiser
7D
1.1%
1Y
1.1%
PAC
AU$11.77
Pacific Current Group
7D
2.3%
1Y
7.0%
BKI
AU$1.85
BKI Investment
7D
1.4%
1Y
3.9%
Analysis Article • Jan 31

BKI Investment (ASX:BKI) Has Announced A Dividend Of A$0.0395

The board of BKI Investment Company Limited ( ASX:BKI ) has announced that it will pay a dividend of A$0.0395 per share...