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Australian (ASX) Industrials Sector Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies128
  • 7D0.07%
  • 3M3.5%
  • 1Y12.7%
  • YTD10.9%

The Industrials is pretty flat in the last 7 days, but Silex Systems has stood out, gaining 42%. As for the the longer term, the industry is up 13% over the past 12 months. Earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025AU$245.5bAU$145.8bAU$8.2b20x30x1.7x
Sat, 16 Aug 2025AU$244.1bAU$144.5bAU$8.1b18.2x30x1.7x
Mon, 14 Jul 2025AU$235.0bAU$144.5bAU$8.4b17.3x27.9x1.6x
Wed, 11 Jun 2025AU$236.2bAU$144.8bAU$8.4b16.8x28x1.6x
Fri, 09 May 2025AU$228.5bAU$144.8bAU$8.2b16.8x27.8x1.6x
Sun, 06 Apr 2025AU$213.4bAU$147.2bAU$8.5b15.8x25.2x1.4x
Tue, 04 Mar 2025AU$229.4bAU$146.7bAU$8.4b16.9x27.3x1.6x
Thu, 30 Jan 2025AU$213.7bAU$121.7bAU$6.7b19.5x31.9x1.8x
Sat, 28 Dec 2024AU$210.2bAU$122.6bAU$6.7b18.7x31.3x1.7x
Mon, 25 Nov 2024AU$208.3bAU$121.1bAU$6.6b20.1x31.7x1.7x
Wed, 23 Oct 2024AU$203.9bAU$120.7bAU$6.5b19.6x31.2x1.7x
Fri, 20 Sep 2024AU$206.9bAU$123.0bAU$6.3b18.6x32.9x1.7x
Sun, 18 Aug 2024AU$202.5bAU$120.6bAU$5.5b18x36.6x1.7x
Tue, 16 Jul 2024AU$194.7bAU$120.5bAU$5.4b18.3x36.2x1.6x
Thu, 13 Jun 2024AU$193.1bAU$121.0bAU$5.4b17.9x35.8x1.6x
Sat, 11 May 2024AU$196.3bAU$122.0bAU$5.8b18.3x33.7x1.6x
Mon, 08 Apr 2024AU$199.0bAU$122.2bAU$5.9b18.8x34x1.6x
Wed, 06 Mar 2024AU$198.0bAU$122.4bAU$5.9b17.1x33.5x1.6x
Fri, 02 Feb 2024AU$185.1bAU$118.4bAU$4.8b18.2x38.5x1.6x
Sun, 31 Dec 2023AU$189.0bAU$117.7bAU$4.7b18.6x40.1x1.6x
Tue, 28 Nov 2023AU$175.6bAU$118.2bAU$4.8b16.6x36.7x1.5x
Thu, 26 Oct 2023AU$170.0bAU$118.8bAU$4.9b17x34.9x1.4x
Sat, 23 Sep 2023AU$178.1bAU$118.5bAU$4.8b17.2x36.9x1.5x
Mon, 21 Aug 2023AU$179.9bAU$114.0bAU$3.9b18x45.6x1.6x
Wed, 19 Jul 2023AU$180.4bAU$110.9bAU$3.5b18.1x51.1x1.6x
Fri, 16 Jun 2023AU$176.7bAU$109.7bAU$3.5b18.1x50.9x1.6x
Sun, 14 May 2023AU$178.6bAU$110.1bAU$3.5b17.9x50.9x1.6x
Tue, 11 Apr 2023AU$173.0bAU$110.0bAU$3.5b17.2x49.3x1.6x
Thu, 09 Mar 2023AU$148.3bAU$94.1bAU$3.5b16.8x42.2x1.6x
Sat, 04 Feb 2023AU$150.6bAU$87.1bAU$3.7b19.9x41x1.7x
Mon, 02 Jan 2023AU$140.3bAU$87.5bAU$3.7b18.8x37.7x1.6x
Wed, 30 Nov 2022AU$147.7bAU$87.7bAU$3.7b18.9x39.5x1.7x
Fri, 28 Oct 2022AU$139.4bAU$87.7bAU$3.7b18x37.8x1.6x
Sun, 25 Sep 2022AU$135.3bAU$87.6bAU$3.7b17.5x36.8x1.5x
Price to Earnings Ratio

36.8x


Total Market Cap: AU$135.3bTotal Earnings: AU$3.7bTotal Revenue: AU$87.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Industrials Sector Price to Earnings3Y Average 36.5x202320242025
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 30.0x which is lower than its 3-year average PE of 36.5x.
  • 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 31% per year over the last three years.
  • Revenues for these companies have grown 19% 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 Market0.057%
Industrials0.066%
Machinery9.33%
Electrical5.68%
Construction2.72%
Transportation1.27%
Trade Distributors1.03%
Infrastructure0.99%
Building0.85%
Professional Services0.42%
Logistics0.31%
Industrials-0.79%
Commercial Services-1.47%
Aerospace & Defense-2.18%
Airlines-6.44%
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 45.5%, 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 46% 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 7.7% 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$5.5941.5%
+AU$454.1m		55.3%PS113.2x
SGH SGHAU$49.221.4%
+AU$284.4m		16.9%PE41.1x
ALQ ALSAU$19.632.7%
+AU$263.7m		43.6%PE38.9x
GNP GenusPlus GroupAU$6.0113.8%
+AU$131.7m		162.4%PE30.6x
DRO DroneShieldAU$3.234.9%
+AU$131.2m		152.3%PE503.8x

Latest News

MMS
AU$16.90
McMillan Shakespeare
7D
-4.4%
1Y
12.5%

McMillan Shakespeare (ASX:MMS) Is Very Good At Capital Allocation

Sep 17
McMillan Shakespeare (ASX:MMS) Is Very Good At Capital Allocation
MAD
AU$7.94
Mader Group
7D
-6.1%
1Y
63.0%
SLX
AU$5.59
Silex Systems
7D
41.5%
1Y
55.3%
WOR
AU$13.98
Worley
7D
-2.2%
1Y
-3.6%

Worley Limited's (ASX:WOR) Shares Not Telling The Full Story

Sep 15
Worley Limited's (ASX:WOR) Shares Not Telling The Full Story
ASB
AU$7.45
Austal
7D
-8.9%
1Y
151.7%

US And Australian Shipyard Expansion Will Unlock Future Markets

Austal's consensus price target has been raised, primarily reflecting improved net profit margin and a lower future P/E, suggesting enhanced earnings outlook and valuation efficiency, with fair value now at A$7.69. What's in the News Raised FY2025 unaudited EBIT guidance to not less than AUD 100 million from at least AUD 80 million.
TCL
AU$14.14
Transurban Group
7D
-1.6%
1Y
4.0%

Transurban Group (ASX:TCL) Takes On Some Risk With Its Use Of Debt

Sep 12
Transurban Group (ASX:TCL) Takes On Some Risk With Its Use Of Debt
VGN
AU$3.33
Virgin Australia Holdings
7D
3.7%
1Y
n/a
QAN
AU$11.05
Qantas Airways
7D
-5.8%
1Y
53.3%
BXB
AU$24.50
Brambles
7D
-3.7%
1Y
30.7%

Digital Tracking And Circular Supply Chains Will Improve Efficiency

Analysts have trimmed Brambles' price target to A$24.80 amid concerns that the recent share price rally has outpaced fundamentals, with limited improvement in the financial outlook and valuation now exceeding intrinsic value. Analyst Commentary Share price rally seen as excessive relative to underlying fundamentals and forecasts.
ALQ
AU$19.63
ALS
7D
2.7%
1Y
43.6%

Capitalizing On Environmental Megatrends And PFAS Demand To Fuel Revenue And Margins

ALS’s marginally lower future P/E signals a slight improvement in valuation sentiment, while revenue growth expectations remain steady, resulting in a modest price target increase from A$17.77 to A$18.08. What's in the News ALS Limited is actively seeking acquisitions but emphasizes a disciplined capital allocation approach, prioritizing acquisitions that meet return hurdles over volume-based targets.
GNP
AU$6.01
GenusPlus Group
7D
13.8%
1Y
162.4%
REH
AU$10.59
Reece
7D
1.4%
1Y
-62.8%

Some Reece Limited (ASX:REH) Shareholders Look For Exit As Shares Take 25% Pounding

Sep 06
Some Reece Limited (ASX:REH) Shareholders Look For Exit As Shares Take 25% Pounding
SGH
AU$49.22
SGH
7D
1.4%
1Y
16.9%

At AU$49.41, Is SGH Limited (ASX:SGH) Worth Looking At Closely?

Sep 05
At AU$49.41, Is SGH Limited (ASX:SGH) Worth Looking At Closely?
IPH
AU$3.88
IPH
7D
-4.2%
1Y
-34.6%
ALX
AU$5.28
Atlas Arteria
7D
1.1%
1Y
10.5%
DRO
AU$3.23
DroneShield
7D
4.9%
1Y
152.3%

Earnings Troubles May Signal Larger Issues for DroneShield (ASX:DRO) Shareholders

Sep 02
Earnings Troubles May Signal Larger Issues for DroneShield (ASX:DRO) Shareholders