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Australian (ASX) Diversified Financial Industry Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies20
  • 7D1.5%
  • 3M13.4%
  • 1Y11.3%
  • YTD8.7%

In the last week, the Diversified Financial industry is up 1.5%, with AMP leading the way, up 11%. In the same time, OFX Group was down 8.5%. In the last 12 months, the industry was up 11%. In the next few years, earnings are forecast to decline by 24% annually.

Industry Valuation and Performance

Has the Australian Diversified Financial Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Jul 2026AU$32.3bAU$10.9bAU$3.6b15.1x8.9x3x
Mon, 01 Jun 2026AU$30.5bAU$10.9bAU$3.6b13.2x8.4x2.8x
Wed, 29 Apr 2026AU$29.2bAU$10.9bAU$3.7b9.4x8x2.7x
Fri, 27 Mar 2026AU$27.3bAU$11.4bAU$3.7b9.1x7.5x2.4x
Sun, 22 Feb 2026AU$28.3bAU$9.4bAU$1.6b11.7x17.8x3x
Tue, 20 Jan 2026AU$29.8bAU$9.5bAU$1.4b16.3x22x3.1x
Thu, 18 Dec 2025AU$28.8bAU$9.5bAU$1.4b17.2x21.2x3x
Sat, 15 Nov 2025AU$28.6bAU$9.5bAU$1.4b18.6x20.8x3x
Mon, 13 Oct 2025AU$29.6bAU$9.5bAU$1.4b20.2x21.4x3.1x
Wed, 10 Sep 2025AU$31.1bAU$9.5bAU$1.5b19.9x20.2x3.3x
Fri, 08 Aug 2025AU$30.0bAU$10.3bAU$1.1b24.6x28.4x2.9x
Sun, 06 Jul 2025AU$28.8bAU$10.3bAU$1.1b20x27.3x2.8x
Tue, 03 Jun 2025AU$28.5bAU$10.3bAU$1.1b18.7x27x2.8x
Thu, 01 May 2025AU$25.8bAU$10.3bAU$1.1b17.3x24.2x2.5x
Sat, 29 Mar 2025AU$23.9bAU$10.3bAU$1.1b16.9x22.3x2.3x
Mon, 24 Feb 2025AU$24.2bAU$10.0bAU$1.0b16.9x23.7x2.4x
Wed, 22 Jan 2025AU$24.6bAU$9.9bAU$894.8m16.5x27.5x2.5x
Fri, 20 Dec 2024AU$24.6bAU$9.9bAU$894.8m15.3x27.5x2.5x
Sun, 17 Nov 2024AU$24.0bAU$9.5bAU$867.6m19.6x27.7x2.5x
Tue, 15 Oct 2024AU$24.2bAU$9.5bAU$872.9m18.9x27.7x2.6x
Thu, 12 Sep 2024AU$22.8bAU$9.5bAU$910.5m20.3x25x2.4x
Sat, 10 Aug 2024AU$23.6bAU$9.0bAU$818.3m19.5x28.9x2.6x
Mon, 08 Jul 2024AU$23.0bAU$9.1bAU$976.7m22.4x23.5x2.5x
Wed, 05 Jun 2024AU$21.8bAU$9.1bAU$962.2m30.6x22.7x2.4x
Fri, 03 May 2024AU$21.9bAU$9.1bAU$962.2m30.2x22.7x2.4x
Sun, 31 Mar 2024AU$23.6bAU$9.1bAU$962.0m32.2x24.6x2.6x
Tue, 27 Feb 2024AU$23.8bAU$9.1bAU$1.0b23.7x23.8x2.6x
Thu, 25 Jan 2024AU$22.7bAU$8.7bAU$880.8m17.2x25.8x2.6x
Sat, 23 Dec 2023AU$22.1bAU$8.7bAU$880.9m15.8x25x2.5x
Mon, 20 Nov 2023AU$21.7bAU$8.6bAU$876.3m13.4x24.8x2.5x
Wed, 18 Oct 2023AU$23.6bAU$8.6bAU$879.2m15.1x26.8x2.7x
Fri, 15 Sep 2023AU$24.0bAU$9.4bAU$1.3b14.8x19x2.6x
Sun, 13 Aug 2023AU$23.9bAU$7.3bAU$1.1b21.4x22.6x3.3x
Tue, 11 Jul 2023AU$21.9bAU$7.0bAU$1.1b21.5x19.9x3.1x
Price to Earnings Ratio

19.9x


Total Market Cap: AU$21.9bTotal Earnings: AU$1.1bTotal Revenue: AU$7.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Financial Industry Price to Earnings3Y Average 22.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Diversified Financial 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 8.9x which is lower than its 3-year average PE of 22.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Diversified Financial industry have grown 49% per year over the last three years.
  • Revenues for these companies have grown 16% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

AU Market-0.19%
Financials0.50%
Diversified Financial1.47%
Other Diversified Financial Services4.34%
Specialized Finance2.89%
Transaction and Payment Processing Services2.89%
Multi-Sector Holdings-0.50%
Industry PE
  • Investors are most optimistic about the Other Diversified Financial Services industry even though it's trading below its 3-year average PE ratio of 30.9x.
    • Analysts are expecting annual earnings growth of 9.5%, which is lower than the prior year's growth of 29.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Transaction and Payment Processing Services industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings growth rate of 4.0% per year.
  • In contrast, the Specialized Finance industry is expected to see its earnings decline by 128% 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
AMP AMPAU$1.7210.6%
+AU$409.2m		20.4%PE32x
CGF ChallengerAU$10.335.9%
+AU$396.2m		28.5%PE15.4x
LFG Liberty Financial GroupAU$3.405.3%
+AU$51.6m		-5.3%PE7.1x
HLI Helia GroupAU$5.702.0%
+AU$30.0m		25.0%PE6.3x
SOL WHSP HoldingsAU$45.500.2%
+AU$26.6m		6.8%PE7.4x

Latest News

CCA
AU$0.076
Change Financial
7D
-5.0%
1Y
8.6%
PPM
AU$1.60
Pepper Money
7D
2.2%
1Y
-12.3%
Narrative Update • Jun 26

PPM: Trimmed Fair Value Assumptions Will Support Future Upside Potential

Analysts have trimmed their price target for Pepper Money to A$2.14 from A$2.38, with the change reflecting updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E multiples. What’s in the News for Pepper Money No recent news stories, periodical coverage, or key developments have been provided for Pepper Money based on the sources referenced above.
LFG
AU$3.40
Liberty Financial Group
7D
5.3%
1Y
-5.3%
AFG
AU$1.64
Australian Finance Group
7D
-0.3%
1Y
-21.4%
Narrative Update • Jun 26

AFG: Share Buyback And Margin Outlook Will Support Future Upside

Analysts have reduced their fair value estimate for Australian Finance Group to A$2.57 from A$2.88, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent valuation work on Australian Finance Group highlights a more conservative stance, with the fair value estimate reduced to A$2.57.
CCL
AU$4.98
Cuscal
7D
1.4%
1Y
60.6%
SOL
AU$45.50
WHSP Holdings
7D
0.2%
1Y
6.8%
Narrative Update • Jun 24

SOL: Elevated P/E And Steady Outlook Will Likely Restrain Returns

Analysts have kept their A$40.18 fair value estimate for WHSP Holdings steady, citing only marginal tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions rather than any material change in the core outlook. What’s in the News for WHSP Holdings No recent company specific news items for WHSP Holdings were identified in the provided sources.
EML
AU$0.33
EML Payments
7D
11.9%
1Y
-70.4%
Narrative Update • Jun 23

EML: New CEO Appointment Will Drive Single Global Platform Execution

Analysts have maintained their A$0.66 fair value estimate for EML Payments, reflecting a slightly higher discount rate, a modestly less steep revenue decline, firmer profit margin expectations and a lower future P/E assumption shaping the updated price target narrative. What’s in the News for EML Payments EML Payments appointed Adam Olding as Chief Executive Officer, effective March 30, 2026.
OFX
AU$0.54
OFX Group
7D
-8.5%
1Y
-26.0%
Narrative Update • Jun 23

OFX: Ongoing Review And Higher Margins Will Unlock Future Upside

Analysts have trimmed their A$ fair value estimate for OFX Group from A$0.91 to A$0.86, citing updated assumptions around discount rates, revenue growth, profit margins, and a lower future P/E multiple. What's in the News for OFX Group OFX Group Limited confirmed that its previously announced Strategic Review, first outlined on 5 February 2026, remains in progress, with discussions continuing with multiple credible parties.
N1H
AU$0.091
N1 Holdings
7D
-1.1%
1Y
-20.9%
CGF
AU$10.33
Challenger
7D
5.9%
1Y
28.5%
Narrative Update • Jun 18

CGF: Retirement Tailwinds And Risk Recalibration Will Guide Future Share Repricing

Analysts have trimmed their Challenger price target to A$9.43. This reflects slightly lower assumed risk in the discount rate while keeping fair value and earnings expectations broadly unchanged.
HLI
AU$5.70
Helia Group
7D
2.0%
1Y
25.0%
Narrative Update • Jun 17

HLI: Lowered Return Assumptions Will Pressure P/E And Future Share Price

Analysts have trimmed their price target on Helia Group shares by A$5, reflecting updated assumptions around discount rates, revenue trends, and future P/E expectations, while keeping fair value estimates broadly unchanged. Analyst Commentary Recent research on Helia Group focuses on how updated assumptions flow through to valuation, especially around discount rates, revenue trajectories, and future P/E settings used in models.
AMP
AU$1.72
AMP
7D
10.6%
1Y
20.4%
Narrative Update • Jun 06

AMP: Future Returns Will Hinge On Buybacks And Margin Execution

Analysts have nudged their AMP fair value estimate slightly lower to A$1.69 from A$1.71, citing updated assumptions around future P/E multiples and margins following recent mixed price target moves across the broker community. Analyst Commentary Recent Street research on Ameriprise provides a useful backdrop for how analysts are thinking about valuation, growth and execution risks for a diversified wealth and asset manager, which investors can loosely compare when assessing AMP.
OBL
AU$1.60
Omni Bridgeway
7D
-0.9%
1Y
17.6%