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Australian (ASX) Asset Management Industry Analysis

UpdatedNov 25, 2025
DataAggregated Company Financials
Companies68
  • 7D3.8%
  • 3M-3.4%
  • 1Y-8.9%
  • YTDn/a

In the last week, the Asset Management industry is up 3.8%, with GQG Partners up 14%. In the past year, the industry is down 8.9%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 01 Dec 2025AU$61.0bAU$9.1bAU$3.2b22.3x18.9x6.7x
Wed, 29 Oct 2025AU$63.1bAU$8.9bAU$3.1b22.2x20.2x7.1x
Fri, 26 Sep 2025AU$59.9bAU$9.0bAU$3.1b22.6x19.2x6.6x
Sun, 24 Aug 2025AU$63.9bAU$9.2bAU$2.9b17.9x21.9x6.9x
Tue, 22 Jul 2025AU$63.9bAU$9.6bAU$3.0b14.8x21x6.6x
Thu, 19 Jun 2025AU$59.5bAU$9.6bAU$3.1b14.7x19.5x6.2x
Sat, 17 May 2025AU$60.5bAU$9.6bAU$3.1b14.5x19.8x6.3x
Mon, 14 Apr 2025AU$55.2bAU$9.7bAU$3.1b13.1x17.9x5.7x
Wed, 12 Mar 2025AU$60.0bAU$9.7bAU$3.1b14.2x19.5x6.2x
Fri, 07 Feb 2025AU$67.3bAU$10.1bAU$2.5b18.7x26.5x6.7x
Sun, 05 Jan 2025AU$64.5bAU$9.8bAU$2.3b18.6x28.6x6.6x
Tue, 03 Dec 2024AU$65.1bAU$9.7bAU$2.2b19x29.2x6.7x
Thu, 31 Oct 2024AU$64.4bAU$9.7bAU$2.2b19x28.9x6.6x
Sat, 28 Sep 2024AU$58.3bAU$9.6bAU$2.1b17.6x27.3x6.1x
Mon, 26 Aug 2024AU$56.9bAU$9.4bAU$2.5b20.7x22.6x6x
Wed, 24 Jul 2024AU$57.6bAU$9.0bAU$2.4b22.3x23.8x6.4x
Fri, 21 Jun 2024AU$54.7bAU$9.0bAU$2.4b20.6x22.6x6.1x
Sun, 19 May 2024AU$53.2bAU$9.1bAU$2.4b22.2x22x5.9x
Tue, 16 Apr 2024AU$53.2bAU$9.1bAU$2.4b23.1x21.8x5.8x
Thu, 14 Mar 2024AU$52.7bAU$9.1bAU$2.4b22.7x21.7x5.8x
Sat, 10 Feb 2024AU$52.4bAU$8.6bAU$2.4b21.8x21.9x6.1x
Mon, 08 Jan 2024AU$52.1bAU$9.0bAU$2.3b20.6x22.3x5.8x
Wed, 06 Dec 2023AU$47.4bAU$8.9bAU$2.3b19.4x20.4x5.3x
Fri, 03 Nov 2023AU$43.5bAU$8.5bAU$2.0b19.4x21.6x5.1x
Sun, 01 Oct 2023AU$45.7bAU$8.5bAU$2.0b19.3x22.7x5.4x
Tue, 29 Aug 2023AU$45.6bAU$8.5bAU$1.9b19.8x23.8x5.4x
Thu, 27 Jul 2023AU$46.9bAU$8.0bAU$2.0b22.7x23.8x5.8x
Sat, 24 Jun 2023AU$44.8bAU$8.2bAU$2.1b20.8x21.2x5.5x
Mon, 22 May 2023AU$45.1bAU$8.2bAU$2.1b20.8x21.3x5.5x
Wed, 19 Apr 2023AU$45.1bAU$8.2bAU$2.1b21x21.4x5.5x
Fri, 17 Mar 2023AU$44.1bAU$8.2bAU$2.1b21.4x20.8x5.4x
Sun, 12 Feb 2023AU$47.0bAU$8.4bAU$2.2b21.4x21.7x5.6x
Tue, 10 Jan 2023AU$44.8bAU$8.4bAU$2.2b17.7x20.6x5.4x
Thu, 08 Dec 2022AU$44.6bAU$8.4bAU$2.2b17.4x20.4x5.3x
Price to Earnings Ratio

20.4x


Total Market Cap: AU$44.6bTotal 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 18.9x 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 6.7x.
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 2.7% 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 Market2.63%
Financials0.28%
Capital Markets2.51%
Asset Management3.77%
Investment Banking and Brokerage3.42%
Diversified Capital Markets1.52%
Financial Exchanges and Data1.25%
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$1.8513.8%
+AU$664.9m		-21.3%PE7.9x
PNI Pinnacle Investment Management GroupAU$18.269.9%
+AU$363.2m		-22.1%PE30.1x
NWL Netwealth GroupAU$28.585.3%
+AU$350.9m		-7.2%PE60.2x
HMC HMC CapitalAU$3.8720.2%
+AU$268.2m		-68.6%PE10.8x
AFI Australian Foundation InvestmentAU$7.111.4%
+AU$125.3m		-5.8%PE31.3x

Latest News

PPT
AU$19.19
Perpetual
7D
4.1%
1Y
-11.5%

There's No Escaping Perpetual Limited's (ASX:PPT) Muted Revenues

Nov 28
There's No Escaping Perpetual Limited's (ASX:PPT) Muted Revenues
NGI
AU$2.89
Navigator Global Investments
7D
-1.7%
1Y
71.0%

NGI: Higher Projected Margins Will Drive Future Equity Returns

Navigator Global Investments’ analyst price target has been slightly revised downward from $3.34 to $3.34, reflecting analysts’ modest adjustments to growth and profit expectations. Valuation Changes The Fair Value estimate was adjusted slightly, remaining at A$3.34.
RPL
AU$3.10
Regal Partners
7D
11.9%
1Y
-23.1%

RPL: Index Additions Will Drive Share Price Momentum In Coming Periods

Analysts have slightly reduced their price target for Regal Partners, adjusting it down by $0.00. This change is attributed to minor refinements to discount rate assumptions, while other valuation drivers remain largely unchanged.
HMC
AU$3.87
HMC Capital
7D
20.2%
1Y
-68.6%
SNC
AU$0.90
Sandon Capital Investments
7D
-2.2%
1Y
17.6%
AEF
AU$5.71
Australian Ethical Investment
7D
-6.5%
1Y
13.1%
GQG
AU$1.85
GQG Partners
7D
13.8%
1Y
-21.3%

GQG: Index Inclusions Will Drive Demand Despite Softer Revenue Outlook

GQG Partners' analyst price target has seen a slight decrease from $2.36 to $2.35, with analysts citing modestly softer revenue growth projections and a reduced discount rate as the main factors behind the adjustment. What's in the News GQG Partners Inc.
MAF
AU$9.66
MA Financial Group
7D
5.3%
1Y
55.6%

MAF: Long-Term Value Will Unlock As Hyperdome Development Advances

Analysts have left their fair value price target for MA Financial Group unchanged at $11.02 per share. They cite stable forecasts and a lack of significant new information to alter their outlook.
NWL
AU$28.58
Netwealth Group
7D
5.3%
1Y
-7.2%

NWL: Recent Index Inclusion Will Support Margin Stability And Solidify Outlook

Analysts have modestly reduced their price target for Netwealth Group, lowering it from $32.27 to $31.41. They cite slight adjustments to growth and profitability forecasts as the reason for this change.
SOR
AU$0.054
Strategic Elements
7D
-11.5%
1Y
0%
PAC
AU$10.40
Pacific Current Group
7D
-0.6%
1Y
-4.1%
L1G
AU$1.03
L1 Group
7D
-1.9%
1Y
n/a
PNI
AU$18.26
Pinnacle Investment Management Group
7D
9.9%
1Y
-22.1%
WAR
AU$1.08
WAM Strategic Value
7D
-0.9%
1Y
-4.4%
TGP
AU$0.26
360 Capital Group
7D
-15.0%
1Y
-57.9%
AFI
AU$7.11
Australian Foundation Investment
7D
1.4%
1Y
-5.8%