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Australian (ASX) Asset Management Industry Analysis

UpdatedJun 17, 2026
DataAggregated Company Financials
Companies65
  • 7D2.0%
  • 3M0.09%
  • 1Y-11.7%
  • YTDn/a

In the last week, the Asset Management industry is up 2.7%, with Pinnacle Investment Management Group up 12%. In contrast, the industry has lost 12% in the last 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Jun 2026AU$53.3bAU$7.6bAU$2.7b20.7x19.8x7x
Fri, 15 May 2026AU$53.5bAU$7.6bAU$2.7b19.6x20x7.1x
Sun, 12 Apr 2026AU$57.0bAU$9.3bAU$2.8b21.5x20.1x6.1x
Tue, 10 Mar 2026AU$58.3bAU$9.3bAU$2.8b21.4x20.5x6.3x
Thu, 05 Feb 2026AU$60.1bAU$9.0bAU$3.1b21.7x19.1x6.7x
Sat, 03 Jan 2026AU$61.9bAU$9.0bAU$3.2b21.1x19.4x6.8x
Mon, 01 Dec 2025AU$62.6bAU$9.1bAU$3.2b22.4x19.5x6.9x
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
Price to Earnings Ratio

21.2x


Total Market Cap: AU$44.8bTotal Earnings: AU$2.1bTotal Revenue: AU$8.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Asset Management Industry Price to Earnings3Y Average 22.1x202420252026
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 19.8x which is lower than its 3-year average PE of 22.1x.
  • The 3-year average PS ratio of 6.2x is lower than the industry's current PS ratio of 7.0x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 8.3% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.5% 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 Market3.44%
Financials2.68%
Capital Markets3.57%
Asset Management2.03%
Financial Exchanges and Data6.39%
Diversified Capital Markets4.63%
Investment Banking and Brokerage-1.15%
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
PNI Pinnacle Investment Management GroupAU$17.3611.6%
+AU$425.3m		-12.1%PE32.4x
L1G L1 GroupAU$1.148.1%
+AU$213.4m		n/aPE24.4x
NWL Netwealth GroupAU$22.252.7%
+AU$144.8m		-28.4%PE96.2x
RPL Regal PartnersAU$2.8915.1%
+AU$139.7m		39.6%PE8.1x
MAF MA Financial GroupAU$6.458.2%
+AU$86.5m		-12.0%PE109.6x

Latest News

RPL
AU$2.89
Regal Partners
7D
15.1%
1Y
39.6%
QAL
AU$2.89
Qualitas
7D
10.3%
1Y
-7.1%
L1G
AU$1.14
L1 Group
7D
8.1%
1Y
n/a
MFG
AU$9.59
Magellan Financial Group
7D
4.0%
1Y
14.0%
Narrative Update • Jun 16

MFG: Merger And Rebrand Will Drive Future Capital Management Upside

Analysts have kept their A$11.19 price target for Magellan Financial Group broadly unchanged, pointing to steady fair value assumptions alongside small adjustments to the discount rate, revenue growth outlook, profit margin and future P/E inputs. What's in the News The ACCC granted unconditional approval for the proposed A$1.62b merger between Magellan Financial Group and Barrenjoey Capital Partners, with completion currently expected in early July 2026.
NGI
AU$2.52
Navigator Global Investments
7D
4.1%
1Y
62.6%
Narrative Update • Jun 11

NGI: Rights Offering And Margin Strength Will Support Future Upside

Analysts have trimmed their fair value estimate for Navigator Global Investments from A$3.42 to A$2.97, citing updated assumptions for revenue growth, profit margins and future P/E multiples that feed into a slightly lower discount rate. What's in the News Navigator Global Investments has filed a follow on equity offering totaling A$144.98 million in ordinary shares.
NWL
AU$22.25
Netwealth Group
7D
2.7%
1Y
-28.4%
Narrative Update • Jun 08

NWL: Index Inclusion Will Support Future Earnings Multiple Expansion Despite Slight Fair Value Trim

Analysts have reduced their price target for Netwealth Group from A$30.98 to A$27.12, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E expectations. What's in the News No recent news items, periodical coverage or key developments were identified for Netwealth Group based on the available sources.
MAF
AU$6.45
MA Financial Group
7D
8.2%
1Y
-12.0%
PPT
AU$16.13
Perpetual
7D
-1.3%
1Y
-6.1%
Narrative Update • Jun 06

PPT: Digital Loan Expansion And Debt Reduction Will Support Future Upside

Analysts have kept Perpetual's A$19.51 price target unchanged. This view is supported by a slightly lower discount rate, a softer revenue outlook, a reduced profit margin assumption and a higher future P/E multiple.
SNC
AU$0.76
Sandon Capital Investments
7D
-3.2%
1Y
-6.8%
AEG
AU$0.072
Aland Equity Group
7D
-8.9%
1Y
188.0%
PL8
AU$1.39
Plato Income Maximiser
7D
-1.1%
1Y
2.6%
PNI
AU$17.36
Pinnacle Investment Management Group
7D
11.6%
1Y
-12.1%
FID
AU$8.53
Fiducian Group
7D
-2.6%
1Y
-8.3%
AFI
AU$6.37
Australian Foundation Investment
7D
-1.1%
1Y
-13.6%
PAC
AU$10.65
Pacific Current Group
7D
-3.1%
1Y
-1.2%
CVC
AU$1.75
CVC
7D
-12.5%
1Y
-13.8%