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Australian (ASX) Asset Management Industry Analysis
UpdatedSep 01, 2026
DataAggregated Company Financials
Companies65
- 7D-1.9%
- 3M5.2%
- 1Y-11.6%
- YTDn/a
Over the last 7 days, the Asset Management industry has dropped 1.9%, driven by declines in Magellan Financial Group and GQG Partners of 15% and 10.0%, respectively. In contrast, HMC Capital has gained 11%. The industry has fallen 12% in the last year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 01 Sep 2026 | AU$56.6b | AU$7.7b | AU$2.9b | 21.4x | 19.9x | 7.4x |
| Thu, 30 Jul 2026 | AU$55.7b | AU$7.6b | AU$2.7b | 21.5x | 20.5x | 7.3x |
| Sat, 27 Jun 2026 | AU$53.7b | AU$7.6b | AU$2.7b | 19.6x | 19.8x | 7x |
| Mon, 25 May 2026 | AU$53.0b | AU$7.6b | AU$2.7b | 19.1x | 19.8x | 7x |
| Wed, 22 Apr 2026 | AU$57.1b | AU$9.2b | AU$2.8b | 20.3x | 20.5x | 6.2x |
| Fri, 20 Mar 2026 | AU$55.2b | AU$9.3b | AU$2.8b | 20.1x | 19.4x | 5.9x |
| Sun, 15 Feb 2026 | AU$58.6b | AU$8.7b | AU$3.0b | 21.1x | 19.7x | 6.7x |
| Tue, 13 Jan 2026 | AU$62.6b | AU$9.0b | AU$3.2b | 21.4x | 19.7x | 6.9x |
| Thu, 11 Dec 2025 | AU$61.1b | AU$9.0b | AU$3.2b | 22.2x | 19.1x | 6.7x |
| Sat, 08 Nov 2025 | AU$61.2b | AU$9.1b | AU$3.2b | 22.6x | 19.1x | 6.7x |
| Mon, 06 Oct 2025 | AU$62.0b | AU$8.9b | AU$3.1b | 22.2x | 19.9x | 7x |
| Wed, 03 Sep 2025 | AU$62.3b | AU$9.0b | AU$3.1b | 22.3x | 19.9x | 6.9x |
| Fri, 01 Aug 2025 | AU$65.2b | AU$9.6b | AU$3.0b | 15.5x | 21.5x | 6.8x |
| Sun, 29 Jun 2025 | AU$61.5b | AU$9.6b | AU$3.0b | 13.8x | 20.2x | 6.4x |
| Tue, 27 May 2025 | AU$59.3b | AU$9.6b | AU$3.0b | 14.5x | 19.5x | 6.2x |
| Thu, 24 Apr 2025 | AU$56.6b | AU$9.7b | AU$3.1b | 13.7x | 18.5x | 5.9x |
| Sat, 22 Mar 2025 | AU$60.4b | AU$9.7b | AU$3.1b | 14.3x | 19.6x | 6.2x |
| Mon, 17 Feb 2025 | AU$68.2b | AU$10.3b | AU$2.7b | 18.3x | 25.7x | 6.6x |
| Wed, 15 Jan 2025 | AU$63.4b | AU$9.8b | AU$2.3b | 18.4x | 28.1x | 6.5x |
| Fri, 13 Dec 2024 | AU$68.8b | AU$9.7b | AU$2.2b | 19.6x | 30.8x | 7.1x |
| Sun, 10 Nov 2024 | AU$65.8b | AU$9.7b | AU$2.2b | 19.1x | 29.6x | 6.8x |
| Tue, 08 Oct 2024 | AU$61.3b | AU$9.7b | AU$2.2b | 18x | 27.7x | 6.3x |
| Thu, 05 Sep 2024 | AU$55.4b | AU$9.6b | AU$2.2b | 16.7x | 25.7x | 5.8x |
| Sat, 03 Aug 2024 | AU$57.7b | AU$9.1b | AU$2.4b | 21.7x | 23.6x | 6.4x |
| Mon, 01 Jul 2024 | AU$55.1b | AU$9.0b | AU$2.4b | 21.8x | 22.8x | 6.1x |
| Wed, 29 May 2024 | AU$53.4b | AU$9.0b | AU$2.4b | 23x | 22.1x | 5.9x |
| 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 |
Price to Earnings Ratio
23x
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 22.0x.
- 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 12% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.1% 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 Market | -0.43% | |
| Financials | 1.39% | |
| Capital Markets | -0.068% | |
| Asset Management | -1.91% | |
| Financial Exchanges and Data | 1.21% | |
| Diversified Capital Markets | 1.10% | |
| Investment Banking and Brokerage | -1.84% | |
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 | |
|---|---|---|---|---|---|
| ARG Argo Investments | AU$9.40 | 2.4% +AU$165.5m | -1.4% | PE27.2x | |
| HMC HMC Capital | AU$3.20 | 9.2% +AU$111.3m | -12.1% | PE69.8x | |
| AFI Australian Foundation Investment | AU$6.89 | 0.9% +AU$73.9m | -5.6% | PE29x | |
| MFF MFF Capital Investments | AU$5.45 | 2.3% +AU$71.2m | 15.0% | PE20.3x | |
| HM1 Hearts and Minds Investments | AU$3.11 | 4.4% +AU$29.8m | -10.1% | PE15.4x |
