Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Industrials Sector Analysis

UpdatedJan 18, 2026
DataAggregated Company Financials
Companies125
  • 7D1.8%
  • 3M0.8%
  • 1Y12.5%
  • YTD2.2%

In the last week, the Industrials industry is up 1.8%, with Brambles leading the way, up 3.1%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 17% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 Jan 2026AU$249.8bAU$144.9bAU$8.1b21.2x30.7x1.7x
Tue, 16 Dec 2025AU$238.9bAU$145.0bAU$8.1b21.1x29.4x1.6x
Thu, 13 Nov 2025AU$245.2bAU$145.2bAU$8.2b20.5x30x1.7x
Sat, 11 Oct 2025AU$250.1bAU$146.1bAU$8.2b19.8x30.6x1.7x
Mon, 08 Sep 2025AU$247.2bAU$146.1bAU$8.2b19.6x30x1.7x
Wed, 06 Aug 2025AU$241.3bAU$144.9bAU$8.4b17.7x28.6x1.7x
Fri, 04 Jul 2025AU$235.0bAU$144.7bAU$8.4b17.2x27.9x1.6x
Sun, 01 Jun 2025AU$232.9bAU$145.0bAU$8.5b16.8x27.5x1.6x
Tue, 29 Apr 2025AU$221.3bAU$146.1bAU$8.3b15.8x26.6x1.5x
Thu, 27 Mar 2025AU$220.4bAU$146.4bAU$8.4b16.1x26.4x1.5x
Sat, 22 Feb 2025AU$217.4bAU$122.8bAU$7.0b18.8x31.1x1.8x
Mon, 20 Jan 2025AU$210.7bAU$121.8bAU$6.7b19.2x31.4x1.7x
Wed, 18 Dec 2024AU$206.7bAU$122.2bAU$6.7b20.1x31x1.7x
Fri, 15 Nov 2024AU$203.0bAU$120.5bAU$6.6b20.4x30.9x1.7x
Sun, 13 Oct 2024AU$206.6bAU$121.0bAU$6.5b19.8x31.6x1.7x
Tue, 10 Sep 2024AU$205.4bAU$123.5bAU$6.3b18.5x32.4x1.7x
Thu, 08 Aug 2024AU$194.0bAU$121.2bAU$5.5b17.9x35.5x1.6x
Sat, 06 Jul 2024AU$189.9bAU$120.6bAU$5.4b17.9x35.2x1.6x
Mon, 03 Jun 2024AU$192.3bAU$120.9bAU$5.4b17.9x35.7x1.6x
Wed, 01 May 2024AU$194.4bAU$122.5bAU$5.8b18.6x33.4x1.6x
Fri, 29 Mar 2024AU$201.7bAU$122.4bAU$5.9b18.5x34.3x1.6x
Sun, 25 Feb 2024AU$194.4bAU$120.5bAU$5.6b17x34.7x1.6x
Tue, 23 Jan 2024AU$186.3bAU$118.2bAU$4.8b18x39x1.6x
Thu, 21 Dec 2023AU$187.2bAU$117.8bAU$4.7b17.8x39.6x1.6x
Sat, 18 Nov 2023AU$177.5bAU$118.5bAU$4.8b16.6x36.9x1.5x
Mon, 16 Oct 2023AU$175.3bAU$118.9bAU$4.9b16.7x36x1.5x
Wed, 13 Sep 2023AU$181.5bAU$118.6bAU$4.8b16.4x37.5x1.5x
Fri, 11 Aug 2023AU$183.9bAU$112.0bAU$3.1b19.1x59.7x1.6x
Sun, 09 Jul 2023AU$176.4bAU$111.2bAU$3.6b18.5x49.6x1.6x
Tue, 06 Jun 2023AU$177.1bAU$110.2bAU$3.5b17.5x50.2x1.6x
Thu, 04 May 2023AU$174.7bAU$110.0bAU$3.5b18.5x49.9x1.6x
Sat, 01 Apr 2023AU$162.4bAU$99.5bAU$3.5b17.9x46.3x1.6x
Mon, 27 Feb 2023AU$149.9bAU$93.2bAU$3.3b18.4x45.2x1.6x
Wed, 25 Jan 2023AU$146.1bAU$87.2bAU$3.7b19.4x39.7x1.7x
Price to Earnings Ratio

39.7x


Total Market Cap: AU$146.1bTotal Earnings: AU$3.7bTotal Revenue: AU$87.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Industrials Sector Price to Earnings3Y Average 35.6x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Industrials 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 30.7x which is lower than its 3-year average PE of 35.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 18% 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 Industrials sector?

AU Market1.95%
Industrials1.81%
Aerospace & Defense6.93%
Professional Services4.16%
Construction4.05%
Commercial Services2.30%
Building2.28%
Machinery1.34%
Logistics1.06%
Trade Distributors0.81%
Airlines0.66%
Industrials0%0
Electrical-0.53%
Infrastructure-0.54%
Transportation-0.82%
Industry PE
  • Investors are most optimistic about the Aerospace & Defense industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 56.4%, which is lower than the prior year's growth of 239.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aerospace & Defense industry, expecting annual earnings growth of 56% over the next 5 years.
  • However this is lower than its past earnings growth rate of 239% per year.
  • In contrast, the Airlines industry is expected to see its earnings grow by 7.4% 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
BXB BramblesAU$23.413.1%
+AU$950.6m		23.5%PE24.6x
CPU ComputershareAU$35.364.8%
+AU$937.0m		3.3%PE22.6x
ALQ ALSAU$23.865.0%
+AU$573.5m		53.3%PE44.7x
REH ReeceAU$14.505.4%
+AU$455.2m		-36.3%PE28.1x
DRO DroneShieldAU$4.409.5%
+AU$349.3m		537.7%PE717.1x

Latest News

REH
AU$14.50
Reece
7D
5.4%
1Y
-36.3%

Reece (ASX:REH) Has Some Way To Go To Become A Multi-Bagger

Jan 17
Reece (ASX:REH) Has Some Way To Go To Become A Multi-Bagger
TCL
AU$13.85
Transurban Group
7D
-0.7%
1Y
0.4%
MND
AU$29.99
Monadelphous Group
7D
10.5%
1Y
110.6%
BXB
AU$23.41
Brambles
7D
3.1%
1Y
23.5%

With EPS Growth And More, Brambles (ASX:BXB) Makes An Interesting Case

Jan 13
With EPS Growth And More, Brambles (ASX:BXB) Makes An Interesting Case
CPU
AU$35.36
Computershare
7D
4.8%
1Y
3.3%

CPU: FY26 Delivery Confidence And AGM Update Support Balanced Outlook

Analysts have lifted their fair value estimate for Computershare to A$37.40 from A$37.26, citing the recent AGM update that supported their assumptions on discount rate, modest revenue growth, profit margin and future P/E, and contributed to an upgrade in the consensus view following a higher A$40 price target from recent Street research. Analyst Commentary Recent commentary around Computershare has focused on how the AGM update lines up with existing expectations on revenue growth, margins and the P/E that analysts are using in their models.
KLS
AU$4.18
Kelsian Group
7D
-3.7%
1Y
12.1%
SGH
AU$46.87
SGH
7D
-1.4%
1Y
2.0%

SGH: Higher Assumed Profitability And Lower Future P/E Will Support Upside

Analysts have revised their fair value estimate for SGH from US$59.00 to US$54.50, citing updated assumptions regarding discount rate, revenue growth, profit margin, and future P/E that slightly adjust their risk and earnings outlook. Valuation Changes Fair Value: revised from US$59.00 to US$54.50, representing a modest downward adjustment in the estimated share value.
ASB
AU$8.70
Austal
7D
7.9%
1Y
170.2%

ASB: AI Digital Twin Roles Will Support Measured Long Term Earnings Outlook

Analysts have modestly adjusted their price targets on Austal, citing refined assumptions around revenue growth, profit margins and future P/E expectations. Collectively, these changes point to a slightly higher fair value estimate for the shares than previously modeled.
MGH
AU$5.61
MAAS Group Holdings
7D
-3.4%
1Y
21.4%

MGH: Lower Discount Rate Will Still Leave Shares Looking Overvalued

Analysts have raised their price target for MAAS Group Holdings to A$5.28 from A$5.21, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. Valuation Changes Fair Value: fair value per share has moved slightly higher, from A$5.21 to A$5.28.
VNT
AU$6.37
Ventia Services Group
7D
4.8%
1Y
72.6%

An Intrinsic Calculation For Ventia Services Group Limited (ASX:VNT) Suggests It's 31% Undervalued

Jan 09
An Intrinsic Calculation For Ventia Services Group Limited (ASX:VNT) Suggests It's 31% Undervalued
QUB
AU$4.77
Qube Holdings
7D
-0.4%
1Y
17.5%

QUB: Takeover Proposal And Steady Outlook Will Likely Support Balanced Future Returns

Analysts have kept their price target for Qube Holdings broadly steady around A$4.99, citing marginal adjustments in the discount rate and long term P/E assumptions as they refine their views on the company’s risk profile and earnings potential. What's in the News Macquarie Asset Management Pty Limited entered into a process deed to acquire Qube Holdings Limited for A$9.2b in cash on November 23, 2025, at A$5.20 per share, signalling a potential change of ownership if conditions are satisfied (Key Developments).
ALQ
AU$23.86
ALS
7D
5.0%
1Y
53.3%

We Think ALS (ASX:ALQ) Can Stay On Top Of Its Debt

Jan 07
We Think ALS (ASX:ALQ) Can Stay On Top Of Its Debt
SLX
AU$6.50
Silex Systems
7D
-2.1%
1Y
8.5%
DRO
AU$4.40
DroneShield
7D
9.5%
1Y
537.7%

DRO: Index Inclusion Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for DroneShield from A$5.15 to A$4.70, reflecting slightly higher assumed discount rates and a modestly lower future P/E multiple in their models. Valuation Changes Fair Value: reduced from A$5.15 to A$4.70 per share.
CWY
AU$2.54
Cleanaway Waste Management
7D
-2.3%
1Y
-8.6%

Cleanaway Waste Management Limited (ASX:CWY) Not Flying Under The Radar

Dec 07
Cleanaway Waste Management Limited (ASX:CWY) Not Flying Under The Radar
VGN
AU$3.27
Virgin Australia Holdings
7D
-1.8%
1Y
n/a