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Australian (ASX) Financials Sector Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies126
  • 7D-0.6%
  • 3M-4.4%
  • 1Y-4.0%
  • YTD-3.2%

Last week, the Financials industry hasn't moved much but QBE Insurance Group is up 5.8% in that time. Unfortunately though, the industry is down 4.9% over the past 12 months. Looking forward, earnings are forecast to grow by 5.1% annually.

Sector Valuation and Performance

Has the Australian Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026AU$915.7bAU$219.9bAU$48.5b16.8x18.9x4.2x
Sat, 09 May 2026AU$958.6bAU$217.2bAU$47.4b15.7x20.2x4.4x
Mon, 06 Apr 2026AU$953.6bAU$220.2bAU$48.6b15.7x19.6x4.3x
Wed, 04 Mar 2026AU$988.0bAU$218.2bAU$46.6b16.4x21.2x4.5x
Fri, 30 Jan 2026AU$928.8bAU$220.8bAU$46.4b18.4x20x4.2x
Sun, 28 Dec 2025AU$948.9bAU$222.5bAU$46.6b19.1x20.4x4.3x
Tue, 25 Nov 2025AU$921.6bAU$224.0bAU$46.8b18.8x19.7x4.1x
Thu, 23 Oct 2025AU$861.6bAU$200.4bAU$40.8b19.5x21.1x4.3x
Sat, 20 Sep 2025AU$966.6bAU$221.6bAU$48.2b19.6x20.1x4.4x
Mon, 18 Aug 2025AU$957.1bAU$222.5bAU$47.3b17.1x20.2x4.3x
Wed, 16 Jul 2025AU$959.1bAU$220.1bAU$46.6b16.2x20.6x4.4x
Fri, 13 Jun 2025AU$946.9bAU$220.4bAU$46.6b16.5x20.3x4.3x
Sun, 11 May 2025AU$894.2bAU$221.0bAU$46.8b15.5x19.1x4x
Tue, 08 Apr 2025AU$789.3bAU$222.0bAU$46.9b13.1x16.8x3.6x
Thu, 06 Mar 2025AU$870.7bAU$220.3bAU$46.7b14.8x18.6x4x
Sat, 01 Feb 2025AU$929.7bAU$216.7bAU$44.3b17.4x21x4.3x
Mon, 30 Dec 2024AU$890.7bAU$216.4bAU$44.0b18.5x20.2x4.1x
Wed, 27 Nov 2024AU$904.0bAU$214.7bAU$43.9b18.1x20.6x4.2x
Fri, 25 Oct 2024AU$870.7bAU$212.4bAU$43.7b17.6x19.9x4.1x
Sun, 22 Sep 2024AU$873.4bAU$211.9bAU$43.7b17.8x20x4.1x
Tue, 20 Aug 2024AU$832.6bAU$204.5bAU$44.2b18.4x18.9x4.1x
Thu, 18 Jul 2024AU$817.3bAU$209.8bAU$44.0b18.4x18.6x3.9x
Sat, 15 Jun 2024AU$770.3bAU$210.4bAU$44.2b17.4x17.4x3.7x
Mon, 13 May 2024AU$752.4bAU$210.5bAU$44.2b17.7x17x3.6x
Wed, 10 Apr 2024AU$760.4bAU$218.7bAU$45.9b17.7x16.6x3.5x
Fri, 08 Mar 2024AU$759.3bAU$218.9bAU$46.1b17.4x16.5x3.5x
Sun, 04 Feb 2024AU$725.8bAU$199.2bAU$45.6b17.5x15.9x3.6x
Tue, 02 Jan 2024AU$694.2bAU$197.8bAU$45.5b16.8x15.3x3.5x
Thu, 30 Nov 2023AU$647.4bAU$198.5bAU$45.5b16.5x14.2x3.3x
Sat, 28 Oct 2023AU$630.7bAU$197.9bAU$45.5b16.1x13.9x3.2x
Mon, 25 Sep 2023AU$652.3bAU$198.3bAU$45.9b16.4x14.2x3.3x
Wed, 23 Aug 2023AU$639.3bAU$196.3bAU$45.7b16.7x14x3.3x
Fri, 21 Jul 2023AU$669.3bAU$186.4bAU$44.5b19.5x15.1x3.6x
Sun, 18 Jun 2023AU$637.7bAU$186.3bAU$44.5b17x14.3x3.4x
Price to Earnings Ratio

14.3x


Total Market Cap: AU$637.7bTotal Earnings: AU$44.5bTotal Revenue: AU$186.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Financials Sector Price to Earnings3Y Average 18.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 18.3x.
  • The industry is trading close to its 3-year average PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 2.9% per year over the last three years.
  • Revenues for these companies have grown 5.7% 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 sector?

AU Market-1.74%
Financials-0.61%
Insurance6.59%
Diversified Financial1.72%
Mortgage Finance0%0
Mortgage REITs0%0
Capital Markets-0.22%
Consumer Finance-0.56%
Banks-1.90%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 17.8x.
    • Analysts are expecting annual earnings growth of 5.5%, which is higher than its past year's earnings decline of 11.7% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 22.6x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 36% per year.
  • In contrast, the Diversified Financial industry is expected to see its earnings decline by 24% 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
QBE QBE Insurance GroupAU$23.425.8%
+AU$1.9b		-0.04%PE11.5x
SDF Steadfast GroupAU$5.3835.5%
+AU$1.6b		-9.3%PE16.8x
SUN Suncorp GroupAU$18.275.8%
+AU$1.1b		-15.6%PE19.7x
IAG Insurance Australia GroupAU$7.874.2%
+AU$746.5m		-11.2%PE16.9x
MPL Medibank PrivateAU$4.843.6%
+AU$468.2m		-0.8%PE28.8x

Latest News

SDF
AU$5.38
Steadfast Group
7D
35.5%
1Y
-9.3%
CBA
AU$160.24
Commonwealth Bank of Australia
7D
-2.7%
1Y
-11.7%
IAG
AU$7.87
Insurance Australia Group
7D
4.2%
1Y
-11.2%
Narrative Update • Jun 09

IAG: Dividend Strength And Greensill Settlement Will Shape Measured Future Upside

Analysts have trimmed their price target for Insurance Australia Group to A$8.32, reflecting revised assumptions for revenue growth and profit margins while keeping the long run P/E outlook broadly unchanged after the recent downgrade in Street research. What's in the News Income focused coverage highlights Insurance Australia Group as a defensive dividend payer, pointing to premium income, the RACQI home and motor franchise in Queensland and a capital position described as strong as support for its income profile.
ASX
AU$48.20
ASX
7D
3.0%
1Y
-33.0%
Narrative Update • Jun 07

ASX: Clearing System Upgrade Will Drive Future Returns Under New Leadership

Analysts have trimmed their ASX price target to A$55.59 from A$59.29, reflecting updated assumptions for slightly lower profit margins and fair value, along with revised views on revenue growth, discount rates and future P/E. What's in the News ASX Limited has appointed Darren Yip, current Group Executive Markets and Listings, as Interim CEO from 29 May 2026, following the previously announced departure of Managing Director and CEO Helen Lofthouse.
ANZ
AU$34.56
ANZ Group Holdings
7D
-0.3%
1Y
15.4%
AUB
AU$28.70
AUB Group
7D
9.1%
1Y
-18.9%
Narrative Update • Jun 06

AUB: Acquisition-Led Expansion And Specialty Insurance Focus Will Support Future Repricing

Analysts have adjusted their price target for AUB Group slightly higher to A$34.33 from A$34.06, citing updated fair value work that reflects modest tweaks to long term revenue growth, profit margin expectations and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts point to the updated fair value work as support for the slightly higher A$34.33 target, suggesting that the stock’s current P/E assumptions are still aligned with their view of AUB Group’s long term earnings profile.
NHF
AU$6.89
nib holdings
7D
7.7%
1Y
5.2%
MQG
AU$237.47
Macquarie Group
7D
-0.6%
1Y
9.4%
SUN
AU$18.27
Suncorp Group
7D
5.8%
1Y
-15.6%
QBE
AU$23.42
QBE Insurance Group
7D
5.8%
1Y
-0.04%
HUB
AU$81.51
HUB24
7D
-2.8%
1Y
-1.7%
Narrative Update • Jun 03

HUB: Refined Earnings Assumptions Will Support Stronger Future Shareholder Returns

Analysts have trimmed their HUB24 price target by A$12.20, linking the change to updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E levels. What's in the News No recent HUB24 specific news items or key developments were provided in the available sources.
WBC
AU$35.41
Westpac Banking
7D
-1.2%
1Y
5.3%
NAB
AU$36.33
National Australia Bank
7D
-2.4%
1Y
-7.0%
MPL
AU$4.84
Medibank Private
7D
3.6%
1Y
-0.8%
AFI
AU$6.44
Australian Foundation Investment
7D
-1.2%
1Y
-12.9%
ARG
AU$8.67
Argo Investments
7D
-2.1%
1Y
-5.0%
Analysis Article • Feb 11

Argo Investments (ASX:ARG) Is Due To Pay A Dividend Of A$0.185

Argo Investments Limited ( ASX:ARG ) will pay a dividend of A$0.185 on the 20th of March. Based on this payment, the...