Header cover image

Australian (ASX) Capital Markets Industry Analysis

UpdatedAug 25, 2025
DataAggregated Company Financials
Companies78
  • 7D1.3%
  • 3M7.4%
  • 1Y8.6%
  • YTD2.9%

The Capital Markets industry is up 1.3% in the last week, with Macquarie Group up 3.6%. In the last 12 months, the industry was up 8.6%. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the Australian Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Aug 2025AU$167.7bAU$29.1bAU$7.1b18.6x23.6x5.8x
Wed, 23 Jul 2025AU$169.4bAU$30.0bAU$7.2b15.5x23.5x5.6x
Fri, 20 Jun 2025AU$157.6bAU$30.0bAU$7.2b15.1x21.8x5.3x
Sun, 18 May 2025AU$158.7bAU$30.0bAU$7.2b14.9x22x5.3x
Tue, 15 Apr 2025AU$140.6bAU$30.0bAU$7.2b14.1x19.4x4.7x
Thu, 13 Mar 2025AU$150.9bAU$30.0bAU$7.2b14.4x20.9x5x
Sat, 08 Feb 2025AU$170.7bAU$30.3bAU$6.7b20.9x25.6x5.6x
Mon, 06 Jan 2025AU$165.0bAU$29.9bAU$6.4b20.6x25.9x5.5x
Wed, 04 Dec 2024AU$171.1bAU$30.0bAU$6.3b20.3x27.1x5.7x
Fri, 01 Nov 2024AU$168.1bAU$29.7bAU$6.1b19.8x27.4x5.7x
Sun, 29 Sep 2024AU$161.3bAU$29.6bAU$6.0b18.6x26.7x5.5x
Tue, 27 Aug 2024AU$152.0bAU$29.3bAU$6.4b20.8x23.7x5.2x
Thu, 25 Jul 2024AU$151.5bAU$28.9bAU$6.3b22.4x24.1x5.2x
Sat, 22 Jun 2024AU$143.4bAU$28.9bAU$6.3b21x22.8x5x
Mon, 20 May 2024AU$139.5bAU$28.9bAU$6.3b21x22.2x4.8x
Wed, 17 Apr 2024AU$138.6bAU$30.5bAU$7.1b20.6x19.6x4.5x
Fri, 15 Mar 2024AU$141.7bAU$30.4bAU$7.1b20.8x20x4.7x
Sun, 11 Feb 2024AU$139.5bAU$29.8bAU$6.9b22.1x20.2x4.7x
Tue, 09 Jan 2024AU$133.3bAU$30.2bAU$6.9b20.6x19.5x4.4x
Thu, 07 Dec 2023AU$126.0bAU$30.1bAU$6.8b19.7x18.4x4.2x
Sat, 04 Nov 2023AU$119.1bAU$29.4bAU$6.5b19.4x18.3x4.1x
Mon, 02 Oct 2023AU$122.6bAU$30.3bAU$7.4b19.5x16.6x4x
Wed, 30 Aug 2023AU$125.1bAU$30.4bAU$7.3b19x17.1x4.1x
Fri, 28 Jul 2023AU$127.5bAU$29.7bAU$7.4b20.9x17.2x4.3x
Sun, 25 Jun 2023AU$123.7bAU$29.8bAU$7.5b19.9x16.4x4.1x
Tue, 23 May 2023AU$126.7bAU$29.8bAU$7.5b19.9x16.8x4.2x
Thu, 20 Apr 2023AU$128.5bAU$28.9bAU$7.3b20.3x17.5x4.5x
Sat, 18 Mar 2023AU$126.0bAU$28.9bAU$7.3b19.5x17.2x4.4x
Mon, 13 Feb 2023AU$134.9bAU$28.9bAU$7.6b18x17.8x4.7x
Wed, 11 Jan 2023AU$125.3bAU$28.9bAU$7.6b16.8x16.5x4.3x
Fri, 09 Dec 2022AU$125.7bAU$28.9bAU$7.6b17.1x16.5x4.3x
Sun, 06 Nov 2022AU$122.8bAU$29.1bAU$7.7b16.6x16x4.2x
Tue, 04 Oct 2022AU$115.5bAU$28.3bAU$7.3b16.3x15.7x4.1x
Thu, 01 Sep 2022AU$131.1bAU$28.2bAU$7.4b17.3x17.7x4.7x
Price to Earnings Ratio

17.7x


Total Market Cap: AU$131.1bTotal Earnings: AU$7.4bTotal Revenue: AU$28.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Capital Markets Industry Price to Earnings3Y Average 20.3x202320242025
Current Industry PE
  • Investors are optimistic on the Australian Capital Markets industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.6x which is higher than its 3-year average PE of 20.3x.
  • The 3-year average PS ratio of 4.8x is lower than the industry's current PS ratio of 5.8x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Capital Markets industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

Which industries have driven the changes within the Australian Financials industry?

AU Market0.22%
Financials3.24%
Capital Markets1.30%
Diversified Capital Markets2.93%
Financial Exchanges and Data1.47%
Investment Banking and Brokerage0.62%
Asset Management-0.63%
Industry PE
  • Investors are most optimistic about the Investment Banking and Brokerage industry which is trading above its 3-year average PE ratio of 80.0x.
    • Analysts are expecting annual earnings growth of 19.8%, which is lower than the prior year's growth of 53.1% per year.
  • Investors are most pessimistic about the Asset Management industry, which is trading close to its 3-year average of 22.4x.
Forecasted Growth
  • Analysts are most optimistic on the Investment Banking and Brokerage industry, expecting annual earnings growth of 20% over the next 5 years.
  • However this is lower than its past earnings growth rate of 53% per year.
  • In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 4.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MQG Macquarie GroupAU$225.143.6%
+AU$2.9b
5.5%PE22.9x
HUB HUB24AU$112.462.7%
+AU$242.2m
107.4%PE114.2x
HMC HMC CapitalAU$3.9111.7%
+AU$169.3m
-52.3%PE11x
NGI Navigator Global InvestmentsAU$2.3513.5%
+AU$137.2m
29.8%PE6x
EQT EQT HoldingsAU$33.3911.6%
+AU$93.0m
7.7%PE26.1x

Latest News