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Has the Australian Biotech Industry valuation changed over the past few years?
|Sat, 27 Nov 2021||AU$154.6b||AU$14.6b||AU$2.8b||43x|
|Mon, 25 Oct 2021||AU$147.1b||AU$14.0b||AU$2.6b||42.4x|
|Wed, 22 Sep 2021||AU$153.9b||AU$14.4b||AU$2.7b||43.2x|
|Fri, 20 Aug 2021||AU$150.1b||AU$14.0b||AU$2.6b||44x|
|Fri, 04 Jun 2021||AU$142.6b||AU$13.5b||AU$2.8b||39.9x|
|Mon, 08 Mar 2021||AU$128.5b||AU$13.1b||AU$3.0b||34.6x|
|Thu, 10 Dec 2020||AU$144.9b||AU$13.5b||AU$2.9b||29.8x|
|Wed, 02 Sep 2020||AU$138.9b||AU$13.5b||AU$2.7b||42.7x|
|Sat, 06 Jun 2020||AU$132.9b||AU$14.9b||AU$3.0b||37.5x|
|Tue, 10 Mar 2020||AU$146.5b||AU$12.9b||AU$2.5b||49.2x|
|Mon, 02 Dec 2019||AU$135.4b||AU$13.1b||AU$2.6b||64.4x|
|Thu, 05 Sep 2019||AU$114.5b||AU$12.3b||AU$2.4b||56.5x|
|Sun, 09 Jun 2019||AU$97.9b||AU$12.0b||AU$2.3b||67.4x|
|Sat, 02 Mar 2019||AU$91.5b||AU$11.8b||AU$2.2b||57.5x|
|Tue, 04 Dec 2018||AU$83.4b||AU$11.3b||AU$2.2b||44.4x|
Current Industry PE: There are only 3 profitable companies in this industry, so there is insufficient data to make an industry-wide assessment of PE.
Past Earnings Growth: The earnings for companies in the Biotechs industry have grown 8.4% per year over the last three years, and revenues for these companies have grown 8.8% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Australian Biotech industry?
Industry PE: Investors are most optimistic about the Biotech industry, which is trading close to its 3-year average PE ratio of 45.9x. However analysts are expecting annual earnings growth of 12%, which is lower than the prior year's growth of 39% per year. So the market might believe that analysts are underestimating future growth.
Forecasted Growth: Analysts are most optimistic on the Biotech industry, expecting annual earnings growth of 12% over the next 5 years. However this is lower than its past earnings growth rate of 39% per year.
Which companies have driven the market over the last 7 days?