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Australian (ASX) Diversified Financial Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies20
  • 7D5.6%
  • 3M-4.2%
  • 1Y16.8%
  • YTD-5.1%

The Diversified Financial industry is up 4.4% in the last week, with WHSP Holdings up 6.8%. In the same time, OFX Group was down 8.5%. This takes the industry's 12 month performance to a gain of 15%. 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
Wed, 01 Apr 2026AU$28.3bAU$10.9bAU$3.7b9.4x7.7x2.6x
Fri, 27 Feb 2026AU$28.1bAU$9.4bAU$1.6b11.8x17.9x3x
Sun, 25 Jan 2026AU$29.7bAU$9.5bAU$1.4b16.2x22x3.1x
Tue, 23 Dec 2025AU$29.1bAU$9.5bAU$1.4b17.2x21.5x3.1x
Thu, 20 Nov 2025AU$28.0bAU$9.5bAU$1.4b18.6x20.3x2.9x
Sat, 18 Oct 2025AU$29.5bAU$9.5bAU$1.4b19.8x21.4x3.1x
Mon, 15 Sep 2025AU$30.6bAU$9.5bAU$1.5b19.4x19.9x3.2x
Wed, 13 Aug 2025AU$30.0bAU$10.3bAU$1.0b25x28.6x2.9x
Fri, 11 Jul 2025AU$28.7bAU$10.3bAU$1.1b20.5x27.2x2.8x
Sun, 08 Jun 2025AU$27.4bAU$10.3bAU$1.1b18.7x26x2.7x
Tue, 06 May 2025AU$25.6bAU$10.3bAU$1.1b17.3x23.9x2.5x
Thu, 03 Apr 2025AU$19.7bAU$6.8bAU$921.8m14.8x21.4x2.9x
Sat, 01 Mar 2025AU$24.3bAU$10.0bAU$1.0b17.1x23.2x2.4x
Mon, 27 Jan 2025AU$25.1bAU$9.9bAU$894.9m16.1x28.1x2.5x
Wed, 25 Dec 2024AU$24.7bAU$9.9bAU$894.8m15.4x27.6x2.5x
Fri, 22 Nov 2024AU$23.7bAU$9.5bAU$867.7m20x27.4x2.5x
Sun, 20 Oct 2024AU$23.7bAU$9.5bAU$872.8m17.7x27.2x2.5x
Tue, 17 Sep 2024AU$23.4bAU$9.5bAU$910.5m20.4x25.7x2.5x
Thu, 15 Aug 2024AU$24.1bAU$9.1bAU$843.7m36.7x28.5x2.6x
Sat, 13 Jul 2024AU$23.4bAU$9.1bAU$976.7m23x24x2.6x
Mon, 10 Jun 2024AU$22.3bAU$9.1bAU$976.6m21.4x22.8x2.5x
Wed, 08 May 2024AU$22.3bAU$9.1bAU$962.3m31.8x23.2x2.5x
Fri, 05 Apr 2024AU$23.5bAU$9.1bAU$962.2m32.8x24.5x2.6x
Sun, 03 Mar 2024AU$23.8bAU$9.1bAU$1.1b22.7x21.2x2.6x
Tue, 30 Jan 2024AU$22.8bAU$8.7bAU$880.8m18.1x25.9x2.6x
Thu, 28 Dec 2023AU$22.2bAU$8.7bAU$880.9m15.9x25.3x2.6x
Sat, 25 Nov 2023AU$21.8bAU$8.7bAU$879.1m15.3x24.9x2.5x
Mon, 23 Oct 2023AU$22.8bAU$8.6bAU$879.2m14x26x2.7x
Wed, 20 Sep 2023AU$24.0bAU$9.4bAU$1.3b14.5x19x2.6x
Fri, 18 Aug 2023AU$23.6bAU$9.2bAU$1.3b14.4x18.4x2.6x
Sun, 16 Jul 2023AU$22.9bAU$7.0bAU$1.1b21.6x20.7x3.3x
Tue, 13 Jun 2023AU$22.6bAU$7.0bAU$1.1b21.6x20.5x3.2x
Thu, 11 May 2023AU$11.3bAU$5.0b-AU$21,371,366.0030.3x-528.7x2.3x
Sat, 08 Apr 2023AU$11.7bAU$5.0b-AU$12,265,703.0030.2x-950.8x2.3x
Price to Earnings Ratio

-950.8x


Total Market Cap: AU$11.7bTotal Earnings: -AU$12,265,703.00Total Revenue: AU$5.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Financial Industry Price to Earnings3Y Average -6.3x202420252026
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 7.6x which is higher than its 3-year average PE of -6.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
  • Total earnings for the Diversified Financial industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 30% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

AU Market1.07%
Financials-0.78%
Diversified Financial5.63%
Multi-Sector Holdings6.71%
Specialized Finance5.19%
Other Diversified Financial Services4.49%
Transaction and Payment Processing Services1.01%
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 37.2x.
    • Analysts are expecting annual earnings growth of 9.5%, which is higher than its past year's earnings growth of 1.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Transaction and Payment Processing Services industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Specialized Finance industry is expected to see its earnings decline by 130% 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
SOL WHSP HoldingsAU$40.906.8%
+AU$993.9m		16.0%PE6.6x
AMP AMPAU$1.323.1%
+AU$101.2m		8.7%PE25x
HLI Helia GroupAU$5.365.9%
+AU$81.8m		27.0%PE6x
LFG Liberty Financial GroupAU$3.646.7%
+AU$69.8m		12.0%PE7.6x
CGF ChallengerAU$8.291.0%
+AU$51.1m		38.6%PE12.4x

Latest News

N1H
AU$0.10
N1 Holdings
7D
-4.8%
1Y
n/a
EML
AU$0.56
EML Payments
7D
-5.1%
1Y
-41.1%
HLI
AU$5.36
Helia Group
7D
5.9%
1Y
27.0%

HLI: Sector Repricing And Slowing Deal Activity Will Pressure Future Risk Balance

Analysts have trimmed their price target on Helia Group, reflecting slightly lower discount rate and future P/E assumptions while keeping fair value and key margin and revenue growth inputs effectively unchanged. Analyst Commentary Recent updates from Street research on a comparable advisory firm highlight how analysts are thinking about valuation, execution risk, and growth assumptions, which can be useful context when assessing Helia Group.
AMP
AU$1.32
AMP
7D
3.1%
1Y
8.7%

AMP: Future Upside Will Rely On Capital Returns And Margin Resilience

Analysts have raised their AMP price target by A$0.01, reflecting updated assumptions that include slightly softer revenue growth, a modestly lower profit margin, and a small upward adjustment to the forward P/E multiple. Analyst Commentary Recent research on AMP has focused on how the updated revenue and margin assumptions line up with the current valuation, especially given the small uplift to the forward P/E multiple.
PPM
AU$1.81
Pepper Money
7D
2.3%
1Y
28.8%

PPM: Cancelled Takeover And Dividend Will Support A Stronger Future

Analysts have left their A$2.38 price target for Pepper Money unchanged, with only small tweaks to inputs such as the discount rate and future P/E. This reflects fine tuning of their valuation framework rather than a shift in overall view.
SOL
AU$40.90
WHSP Holdings
7D
6.8%
1Y
16.0%

SOL: Fair Value View Will Balance Lower Margins With Higher Future P/E

Analysts have lifted their fair value estimate for WHSP Holdings from A$39.08 to A$40.83, citing adjustments to discount rates, revenue growth assumptions, profit margins, and a higher future P/E as key drivers of the new price target. Valuation Changes Fair Value: Revised from A$39.08 to A$40.83, a modest uplift in the central valuation estimate.
RMC
AU$0.90
Resimac Group
7D
-2.2%
1Y
4.7%

RMC: Future Returns Will Be Pressured By Lower Earnings Multiple

Analysts have trimmed their fair value estimate for Resimac Group from A$0.91 to A$0.80, citing updated assumptions that include slightly higher revenue growth expectations, a marginally lower profit margin outlook and a reduced future P/E multiple of 4.94x. What's in the News Resimac Group has announced a fully franked special dividend of A$0.09 per share for the six months ended 31 December 2025.
OBL
AU$1.59
Omni Bridgeway
7D
4.3%
1Y
4.6%
CGF
AU$8.29
Challenger
7D
1.0%
1Y
38.6%

CGF: Capital Returns And Fee Margins Will Drive Future Repricing Potential

Analysts have adjusted Challenger's price target slightly lower to A$9.44, citing updated sector-wide assumptions on earnings flows, discount rates and future P/E multiples, while still reflecting the same fair value estimate in their models. Analyst Commentary Recent changes to Challenger's valuation echo broader adjustments seen across the alternative asset manager space, where analysts have been fine tuning targets in response to updated assumptions on earnings flows, discount rates and P/E multiples.
OFX
AU$0.55
OFX Group
7D
-4.4%
1Y
-50.7%

OFX: Strategic Review Will Unlock Future Upside From Undervalued Levels

Analysts have trimmed their fair value estimate for OFX Group from A$0.93 to A$0.91, citing updated assumptions for growth, profitability, and a higher implied future P/E multiple. What's in the News OFX Group Limited was removed from the S&P/ASX All Ordinaries Index, which may affect how some index-tracking funds and mandates treat the stock (Key Developments).
TYR
AU$0.80
Tyro Payments
7D
3.9%
1Y
3.9%

TYR: Reaffirmed 2026 Earnings Guidance Will Support Upside Repricing

Analysts have made a small adjustment to their A$ price target for Tyro Payments, reflecting only minor tweaks to discount rate, revenue growth, profit margin assumptions and future P/E expectations in their updated valuation work. What's in the News Tyro Payments reaffirmed earnings guidance for fiscal 2026, with gross profit expected to be in the range of $230 million to $240 million.
PNC
AU$0.57
Pioneer Credit
7D
-9.5%
1Y
40.7%
LFG
AU$3.64
Liberty Financial Group
7D
6.7%
1Y
12.0%
AFG
AU$1.85
Australian Finance Group
7D
-1.3%
1Y
19.4%