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Australian (ASX) Industrials Sector Analysis

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies125
  • 7D-1.2%
  • 3M-1.6%
  • 1Y9.7%
  • YTD0.9%

Over the last 7 days, the Industrials industry has dropped 1.2%, driven by pullbacks in Brambles and Computershare of 1.9% and 2.9%, respectively. Meanwhile, Silex Systems actually outperformed within the industry, gaining 10.0% in the last week. In the past year, the industry has gained 9.7%. Earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Jan 2026AU$246.7bAU$144.4bAU$8.1b20.9x30.6x1.7x
Wed, 24 Dec 2025AU$246.1bAU$144.9bAU$8.1b20.9x30.3x1.7x
Fri, 21 Nov 2025AU$238.6bAU$145.6bAU$8.2b20.3x29.1x1.6x
Sun, 19 Oct 2025AU$248.5bAU$146.3bAU$8.2b19.7x30.3x1.7x
Tue, 16 Sep 2025AU$245.4bAU$145.8bAU$8.2b20.2x30x1.7x
Thu, 14 Aug 2025AU$242.7bAU$144.4bAU$8.1b18.7x30x1.7x
Sat, 12 Jul 2025AU$235.1bAU$144.5bAU$8.4b17.1x27.9x1.6x
Mon, 09 Jun 2025AU$236.2bAU$144.9bAU$8.4b17x28x1.6x
Wed, 07 May 2025AU$224.8bAU$144.7bAU$8.2b16.3x27.4x1.6x
Fri, 04 Apr 2025AU$217.4bAU$146.3bAU$8.3b16.1x26.1x1.5x
Sun, 02 Mar 2025AU$227.3bAU$146.7bAU$8.4b16.8x27x1.5x
Tue, 28 Jan 2025AU$213.1bAU$121.5bAU$6.7b19.6x31.9x1.8x
Thu, 26 Dec 2024AU$208.9bAU$122.6bAU$6.7b18.7x31.1x1.7x
Sat, 23 Nov 2024AU$208.3bAU$121.1bAU$6.6b20.1x31.7x1.7x
Mon, 21 Oct 2024AU$207.0bAU$121.1bAU$6.6b19.6x31.6x1.7x
Wed, 18 Sep 2024AU$209.2bAU$123.2bAU$6.3b18.7x33.2x1.7x
Fri, 16 Aug 2024AU$200.2bAU$120.8bAU$5.5b17.9x36.1x1.7x
Sun, 14 Jul 2024AU$193.8bAU$120.5bAU$5.4b18.1x36.1x1.6x
Tue, 11 Jun 2024AU$195.6bAU$121.1bAU$5.4b18x36.2x1.6x
Thu, 09 May 2024AU$197.6bAU$122.1bAU$5.8b18.3x33.9x1.6x
Sat, 06 Apr 2024AU$198.9bAU$122.2bAU$5.9b18.8x34x1.6x
Mon, 04 Mar 2024AU$198.0bAU$122.3bAU$5.9b17.1x33.6x1.6x
Wed, 31 Jan 2024AU$186.3bAU$118.2bAU$4.8b17.9x39x1.6x
Fri, 29 Dec 2023AU$189.2bAU$117.6bAU$4.7b17.6x40.1x1.6x
Sun, 26 Nov 2023AU$176.1bAU$118.2bAU$4.8b17x36.8x1.5x
Tue, 24 Oct 2023AU$169.7bAU$118.9bAU$4.9b16.6x34.8x1.4x
Thu, 21 Sep 2023AU$180.2bAU$118.4bAU$4.8b16.8x37.4x1.5x
Sat, 19 Aug 2023AU$179.8bAU$114.0bAU$4.0b18x45.5x1.6x
Mon, 17 Jul 2023AU$181.2bAU$110.9bAU$3.5b18.8x51.4x1.6x
Wed, 14 Jun 2023AU$175.5bAU$109.8bAU$3.5b18.4x50.4x1.6x
Fri, 12 May 2023AU$178.0bAU$109.9bAU$3.5b17.3x51.1x1.6x
Sun, 09 Apr 2023AU$173.0bAU$110.0bAU$3.5b17.2x49.4x1.6x
Tue, 07 Mar 2023AU$148.4bAU$93.8bAU$3.5b16.9x42.5x1.6x
Thu, 02 Feb 2023AU$148.2bAU$87.1bAU$3.7b19.6x40.3x1.7x
Price to Earnings Ratio

40.3x


Total Market Cap: AU$148.2bTotal Earnings: AU$3.7bTotal Revenue: AU$87.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Industrials Sector Price to Earnings3Y Average 35.5x202420252026
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 30.6x which is lower than its 3-year average PE of 35.5x.
  • 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 Market-0.29%
Industrials-1.22%
Machinery5.80%
Industrials5.00%
Logistics0.43%
Infrastructure-0.34%
Airlines-0.42%
Electrical-1.22%
Professional Services-1.24%
Transportation-1.66%
Trade Distributors-1.73%
Commercial Services-1.76%
Construction-2.02%
Aerospace & Defense-2.96%
Building-4.88%
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 59.1%, 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 59% 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
SLX Silex SystemsAU$7.1510.0%
+AU$180.7m		9.3%PS145.3x
MAD Mader GroupAU$8.448.6%
+AU$136.3m		38.6%PE30x
GNP GenusPlus GroupAU$7.769.8%
+AU$125.3m		182.2%PE39.8x
ALQ ALSAU$24.080.9%
+AU$111.7m		52.2%PE45.1x
EOS Electro Optic Systems HoldingsAU$10.355.0%
+AU$94.5m		784.6%PS17.3x

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VNT
AU$5.83
Ventia Services Group
7D
-8.5%
1Y
51.8%

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ASB
AU$7.64
Austal
7D
-12.2%
1Y
118.9%

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GNP
AU$7.76
GenusPlus Group
7D
9.8%
1Y
182.2%
DOW
AU$7.78
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7D
-4.5%
1Y
41.7%

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MAD
AU$8.44
Mader Group
7D
8.6%
1Y
38.6%
EOS
AU$10.35
Electro Optic Systems Holdings
7D
5.0%
1Y
784.6%
TCL
AU$13.81
Transurban Group
7D
-0.3%
1Y
1.8%

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BXB
AU$22.97
Brambles
7D
-1.9%
1Y
18.2%

BXB: Slight Model Refinements Will Support A Steady Medium-Term Outlook

Analysts have nudged their price target for Brambles slightly higher to A$24.78 from A$24.67, reflecting small adjustments to assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value: Adjusted slightly from A$24.67 to A$24.78 per share.
DRO
AU$4.47
DroneShield
7D
1.6%
1Y
582.4%

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Analysts have slightly reduced their price target on DroneShield to reflect a minor adjustment in the discount rate and future P/E assumptions, while keeping their fair value estimate unchanged at A$4.70. Valuation Changes Fair Value: The fair value estimate is unchanged at A$4.70 per share.
RWC
AU$3.80
Reliance Worldwide
7D
-6.2%
1Y
-28.6%
ALQ
AU$24.08
ALS
7D
0.9%
1Y
52.2%

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REH
AU$13.72
Reece
7D
-5.4%
1Y
-41.4%

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CPU
AU$34.35
Computershare
7D
-2.9%
1Y
-0.5%

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.
SLX
AU$7.15
Silex Systems
7D
10.0%
1Y
9.3%
SSM
AU$2.26
Service Stream
7D
3.7%
1Y
48.2%
C79
AU$8.01
Chrysos
7D
9.6%
1Y
54.0%