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Australian (ASX) Diversified Financial Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies20
  • 7D1.3%
  • 3M14.3%
  • 1Y10.4%
  • YTD7.2%

The Diversified Financial industry is up 1.3% in the last week, with WHSP Holdings up 2.9%. This takes the industry's 12 month performance to a gain of 10%. Looking forward, earnings are forecast to decline by 25% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 28 Jun 2026AU$31.9bAU$10.9bAU$3.6b14.5x8.8x2.9x
Tue, 26 May 2026AU$30.5bAU$10.9bAU$3.7b11.4x8.3x2.8x
Thu, 23 Apr 2026AU$29.5bAU$10.9bAU$3.7b9.1x8x2.7x
Sat, 21 Mar 2026AU$27.0bAU$9.5bAU$1.7b12x15.9x2.8x
Mon, 16 Feb 2026AU$27.9bAU$9.5bAU$1.3b16.9x21.2x2.9x
Wed, 14 Jan 2026AU$29.7bAU$9.5bAU$1.4b16.7x21.9x3.1x
Fri, 12 Dec 2025AU$28.5bAU$9.5bAU$1.4b17.4x21.1x3x
Sun, 09 Nov 2025AU$29.1bAU$9.5bAU$1.4b19.8x21.1x3.1x
Tue, 07 Oct 2025AU$29.5bAU$9.5bAU$1.4b20.2x21.3x3.1x
Thu, 04 Sep 2025AU$29.8bAU$9.5bAU$1.5b19.9x19.4x3.1x
Sat, 02 Aug 2025AU$28.8bAU$10.3bAU$1.1b22.9x27.3x2.8x
Mon, 30 Jun 2025AU$28.3bAU$10.3bAU$1.1b19.3x26.9x2.7x
Wed, 28 May 2025AU$26.3bAU$10.3bAU$1.1b18x24.7x2.6x
Fri, 25 Apr 2025AU$25.3bAU$10.3bAU$1.1b16.5x23.6x2.4x
Sun, 23 Mar 2025AU$23.7bAU$10.3bAU$1.1b17.2x22.1x2.3x
Tue, 18 Feb 2025AU$24.3bAU$9.7bAU$1.0b16.9x24.2x2.5x
Thu, 16 Jan 2025AU$24.1bAU$9.9bAU$894.8m15.7x26.9x2.4x
Sat, 14 Dec 2024AU$24.7bAU$9.9bAU$894.9m16.3x27.6x2.5x
Mon, 11 Nov 2024AU$23.6bAU$9.5bAU$872.8m18.5x27x2.5x
Wed, 09 Oct 2024AU$24.1bAU$9.5bAU$872.9m18.7x27.6x2.5x
Fri, 06 Sep 2024AU$23.3bAU$9.4bAU$910.5m21.2x25.6x2.5x
Sun, 04 Aug 2024AU$23.9bAU$9.1bAU$976.2m23.6x24.4x2.6x
Tue, 02 Jul 2024AU$22.9bAU$9.1bAU$976.6m22x23.4x2.5x
Thu, 30 May 2024AU$22.0bAU$9.1bAU$962.2m31x22.9x2.4x
Sat, 27 Apr 2024AU$22.5bAU$9.1bAU$962.2m29.4x23.4x2.5x
Mon, 25 Mar 2024AU$23.6bAU$9.1bAU$1.1b26.3x21.1x2.6x
Wed, 21 Feb 2024AU$23.8bAU$9.1bAU$999.1m23.8x23.8x2.6x
Fri, 19 Jan 2024AU$22.3bAU$8.7bAU$880.7m15.7x25.3x2.6x
Sun, 17 Dec 2023AU$22.2bAU$8.7bAU$880.8m14.8x25.2x2.6x
Tue, 14 Nov 2023AU$22.6bAU$8.6bAU$874.7m13.6x25.9x2.6x
Thu, 12 Oct 2023AU$23.7bAU$8.6bAU$879.8m15.2x26.9x2.8x
Sat, 09 Sep 2023AU$23.9bAU$9.4bAU$1.3b14.2x18.9x2.5x
Mon, 07 Aug 2023AU$23.5bAU$7.0bAU$1.1b21.9x21.4x3.4x
Wed, 05 Jul 2023AU$23.0bAU$7.0bAU$1.1b22.4x20.9x3.3x
Price to Earnings Ratio

20.9x


Total Market Cap: AU$23.0bTotal 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 8.8x 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-0.91%
Financials-0.0059%
Diversified Financial1.30%
Multi-Sector Holdings2.81%
Other Diversified Financial Services-0.75%
Specialized Finance-2.07%
Transaction and Payment Processing Services-3.09%
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 31.3x.
    • 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 32% 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
SOL WHSP HoldingsAU$45.432.9%
+AU$481.8m		9.0%PE7.4x
HLI Helia GroupAU$5.595.7%
+AU$81.8m		1.6%PE6.2x
LFG Liberty Financial GroupAU$3.233.2%
+AU$30.4m		-3.9%PE6.8x
CCA Change FinancialAU$0.088.1%
+AU$4.1m		14.3%PE54x
OFX OFX GroupAU$0.591.7%
+AU$2.3m		-21.3%PS0.6x

Latest News

PPM
AU$1.57
Pepper Money
7D
-3.1%
1Y
-13.8%
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$3.23
Liberty Financial Group
7D
3.2%
1Y
-3.9%
RMC
AU$0.81
Resimac Group
7D
-2.4%
1Y
-4.7%
AFG
AU$1.64
Australian Finance Group
7D
-5.2%
1Y
-26.8%
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$4.91
Cuscal
7D
-1.2%
1Y
61.5%
SOL
AU$45.43
WHSP Holdings
7D
2.9%
1Y
9.0%
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.
OFX
AU$0.59
OFX Group
7D
1.7%
1Y
-21.3%
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$0.092
N1 Holdings
7D
2.2%
1Y
-20.0%
CGF
AU$9.75
Challenger
7D
-0.8%
1Y
21.6%
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$5.59
Helia Group
7D
5.7%
1Y
1.6%
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.
TYR
AU$0.79
Tyro Payments
7D
-10.7%
1Y
-11.2%
Narrative Update • Jun 10

TYR: Stable Assumptions And Weaker Outlook Will Sustain Overvalued View

Analysts have slightly adjusted their A$ price target range for Tyro Payments, reflecting updated assumptions for revenue growth, discount rate and future P/E that remain broadly consistent with prior views. What's in the News No recent company specific news or key developments for Tyro Payments were provided in the available sources.
AMP
AU$1.55
AMP
7D
-0.6%
1Y
22.0%
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$1.62
Omni Bridgeway
7D
-1.8%
1Y
23.3%
CCA
AU$0.08
Change Financial
7D
8.1%
1Y
14.3%