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Australian (ASX) Diversified Financial Industry Analysis

UpdatedJun 16, 2026
DataAggregated Company Financials
Companies20
  • 7D2.6%
  • 3M14.2%
  • 1Y10.5%
  • YTD4.3%

The Diversified Financial industry is up 2.6% in the last week, with Challenger up 5.3%. Meanwhile, EML Payments actually underperformed within the industry, shrinking 15% in the last week. This means that the industry has gained 11% over the past year. As for the next few years, earnings are forecast to decline by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Jun 2026AU$31.0bAU$10.9bAU$3.6b14.3x8.5x2.8x
Thu, 14 May 2026AU$30.0bAU$10.9bAU$3.7b9.1x8.2x2.8x
Sat, 11 Apr 2026AU$29.4bAU$10.9bAU$3.7b9.8x8x2.7x
Mon, 09 Mar 2026AU$27.4bAU$9.5bAU$1.7b12x16.2x2.9x
Wed, 04 Feb 2026AU$29.5bAU$9.5bAU$1.4b16.7x21.8x3.1x
Fri, 02 Jan 2026AU$29.5bAU$9.5bAU$1.4b16.7x21.8x3.1x
Sun, 30 Nov 2025AU$29.2bAU$9.5bAU$1.4b18.4x21.6x3.1x
Tue, 28 Oct 2025AU$29.7bAU$9.5bAU$1.4b19.8x21.5x3.1x
Thu, 25 Sep 2025AU$29.1bAU$9.5bAU$1.5b20.1x18.9x3.1x
Sat, 23 Aug 2025AU$30.5bAU$9.7bAU$1.1b25.4x27x3.1x
Mon, 21 Jul 2025AU$29.2bAU$10.3bAU$1.1b21.6x27.7x2.8x
Wed, 18 Jun 2025AU$27.5bAU$10.3bAU$1.1b18.6x26.1x2.7x
Fri, 16 May 2025AU$26.3bAU$10.3bAU$1.1b18.1x24.6x2.5x
Sun, 13 Apr 2025AU$24.0bAU$10.3bAU$1.1b15.6x22.4x2.3x
Tue, 11 Mar 2025AU$23.5bAU$10.1bAU$1.0b16.9x22.4x2.3x
Thu, 06 Feb 2025AU$24.7bAU$9.9bAU$894.9m16.1x27.6x2.5x
Sat, 04 Jan 2025AU$24.6bAU$9.9bAU$894.8m15.5x27.5x2.5x
Mon, 02 Dec 2024AU$24.8bAU$9.9bAU$895.0m16.5x27.7x2.5x
Wed, 30 Oct 2024AU$23.3bAU$9.5bAU$872.8m17.8x26.7x2.5x
Fri, 27 Sep 2024AU$24.0bAU$9.5bAU$869.1m20x27.7x2.5x
Sun, 25 Aug 2024AU$23.9bAU$9.4bAU$793.2m29.7x30.1x2.5x
Tue, 23 Jul 2024AU$23.5bAU$9.1bAU$976.6m23.2x24x2.6x
Thu, 20 Jun 2024AU$22.5bAU$9.1bAU$976.6m22.3x23x2.5x
Sat, 18 May 2024AU$22.0bAU$9.1bAU$962.4m31.4x22.8x2.4x
Mon, 15 Apr 2024AU$23.6bAU$9.1bAU$962.0m33.4x24.5x2.6x
Wed, 13 Mar 2024AU$23.7bAU$9.1bAU$1.1b24x21.2x2.6x
Fri, 09 Feb 2024AU$23.0bAU$8.3bAU$911.6m17.5x25.2x2.8x
Sun, 07 Jan 2024AU$22.4bAU$8.7bAU$880.8m16.1x25.5x2.6x
Tue, 05 Dec 2023AU$22.2bAU$8.7bAU$881.3m12.6x25.2x2.6x
Thu, 02 Nov 2023AU$22.2bAU$8.6bAU$879.5m13.6x25.2x2.6x
Sat, 30 Sep 2023AU$23.3bAU$8.6bAU$880.0m14.9x26.5x2.7x
Mon, 28 Aug 2023AU$23.3bAU$9.4bAU$1.4b12.4x16.7x2.5x
Wed, 26 Jul 2023AU$23.5bAU$7.0bAU$1.1b22.2x21.3x3.4x
Fri, 23 Jun 2023AU$23.3bAU$7.0bAU$1.1b22x21.1x3.3x
Price to Earnings Ratio

21.1x


Total Market Cap: AU$23.3bTotal Earnings: AU$1.1bTotal Revenue: AU$7.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Financial Industry Price to Earnings3Y Average 22.6x202420252026
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 8.5x which is lower than its 3-year average PE of 22.6x.
  • 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 Market3.00%
Financials2.15%
Diversified Financial2.58%
Other Diversified Financial Services4.04%
Specialized Finance3.15%
Multi-Sector Holdings1.58%
Transaction and Payment Processing Services1.24%
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 32.0x.
    • Analysts are expecting annual earnings growth of 8.9%, 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 31% 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 126% 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
CGF ChallengerAU$9.745.3%
+AU$334.8m		24.6%PE14.5x
SOL WHSP HoldingsAU$43.831.4%
+AU$223.8m		7.9%PE7.1x
AMP AMPAU$1.592.6%
+AU$99.2m		31.4%PE29.6x
HLI Helia GroupAU$5.063.1%
+AU$40.9m		-5.2%PE5.6x
AFG Australian Finance GroupAU$1.705.6%
+AU$24.5m		-22.0%PE11x

Latest News

OFX
AU$0.55
OFX Group
7D
-3.5%
1Y
-28.3%
PNC
AU$0.72
Pioneer Credit
7D
16.9%
1Y
49.5%
HLI
AU$5.06
Helia Group
7D
3.1%
1Y
-5.2%
EML
AU$0.31
EML Payments
7D
-15.1%
1Y
-70.3%
Narrative Update • Jun 09

EML: New CEO Appointment Will Drive Higher Profitability Expectations

Analysts have reduced their price target on EML Payments from A$1.80 to A$1.60, reflecting updated assumptions around a higher discount rate, slightly softer revenue growth, improved profit margin expectations and a lower future P/E multiple. What's in the News EML Payments appointed Adam Olding as Chief Executive Officer, effective March 30, 2026, following his leadership of the Australia, UK and Europe businesses and the EML 2.0 transformation program.
SOL
AU$43.83
WHSP Holdings
7D
1.4%
1Y
7.9%
Narrative Update • Jun 06

SOL: Higher Interim Dividend Will Sit With Steady Fair Value Outlook

Analysts have kept the fair value estimate for WHSP Holdings steady at A$40.18 per share. A slightly lower discount rate and marginally adjusted long term assumptions for revenue decline, profit margin and future P/E help explain the fine tuning behind the latest price target update.
AMP
AU$1.59
AMP
7D
2.6%
1Y
31.4%
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.
FND
AU$0.44
Findi
7D
-3.3%
1Y
-88.5%
CGF
AU$9.74
Challenger
7D
5.3%
1Y
24.6%
AFG
AU$1.70
Australian Finance Group
7D
5.6%
1Y
-22.0%
CCL
AU$5.02
Cuscal
7D
2.2%
1Y
71.3%
GOW
AU$2.09
Gowing Bros
7D
-1.4%
1Y
-3.2%
PPM
AU$1.69
Pepper Money
7D
2.7%
1Y
-3.7%
Narrative Update • May 10

PPM: Cancelled Takeover And Dividend Will Support Future Upside Potential

Analysts have trimmed their price expectations for Pepper Money to A$2.38, reflecting slightly lower assumed profit margins and discount rates, along with updated views on revenue growth and future P/E levels. What's in the News Pepper Group Anz Holdco Limited and Challenger Limited put forward a non binding, conditional proposal to acquire an additional 40% stake in Pepper Money for about A$400 million, with an initial offer price of A$2.60 per share that was later revised to A$2.25 per share (Key Developments).
OBL
AU$1.65
Omni Bridgeway
7D
-1.5%
1Y
18.3%
AFA
AU$0.06
ASF Group
7D
-1.6%
1Y
900.0%
IAM
AU$0.018
Income Asset Management Group
7D
-10.0%
1Y
-35.7%
EPY
AU$0.12
Earlypay
7D
-4.2%
1Y
-41.0%