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Australian (ASX) Industrials Sector Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies125
  • 7D2.1%
  • 3M-0.01%
  • 1Y12.6%
  • YTD1.4%

The Industrials industry is up 1.5% in the last week, with Brambles up 4.8%. This takes the industry's 12 month performance to a gain of 13%. 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
Wed, 14 Jan 2026AU$248.0bAU$144.9bAU$8.1b21.1x30.5x1.7x
Fri, 12 Dec 2025AU$238.3bAU$145.0bAU$8.1b20.7x29.3x1.6x
Sun, 09 Nov 2025AU$240.9bAU$145.3bAU$8.2b20.2x29.4x1.7x
Tue, 07 Oct 2025AU$249.6bAU$146.0bAU$8.2b20.2x30.6x1.7x
Thu, 04 Sep 2025AU$243.6bAU$146.2bAU$8.2b19.4x29.6x1.7x
Sat, 02 Aug 2025AU$240.2bAU$144.9bAU$8.5b18x28.4x1.7x
Mon, 30 Jun 2025AU$233.8bAU$144.8bAU$8.4b16.8x27.7x1.6x
Wed, 28 May 2025AU$231.4bAU$144.7bAU$8.2b16.8x28.1x1.6x
Fri, 25 Apr 2025AU$220.8bAU$146.1bAU$8.3b15.8x26.5x1.5x
Sun, 23 Mar 2025AU$222.0bAU$146.5bAU$8.4b16x26.5x1.5x
Tue, 18 Feb 2025AU$219.5bAU$121.6bAU$7.1b20x31.1x1.8x
Thu, 16 Jan 2025AU$208.2bAU$121.7bAU$6.7b18.9x31x1.7x
Sat, 14 Dec 2024AU$205.3bAU$122.2bAU$6.7b19.8x30.8x1.7x
Mon, 11 Nov 2024AU$204.2bAU$120.2bAU$6.5b20.1x31.3x1.7x
Wed, 09 Oct 2024AU$204.5bAU$120.7bAU$6.5b19.5x31.4x1.7x
Fri, 06 Sep 2024AU$205.2bAU$122.3bAU$6.3b18.5x32.8x1.7x
Sun, 04 Aug 2024AU$199.0bAU$121.3bAU$5.5b18.5x36.4x1.6x
Tue, 02 Jul 2024AU$190.8bAU$120.9bAU$5.4b17.5x35.4x1.6x
Thu, 30 May 2024AU$189.7bAU$121.0bAU$5.4b17.5x35.2x1.6x
Sat, 27 Apr 2024AU$192.8bAU$122.5bAU$5.8b18.2x33.1x1.6x
Mon, 25 Mar 2024AU$198.2bAU$122.3bAU$5.9b18.3x33.7x1.6x
Wed, 21 Feb 2024AU$192.8bAU$119.0bAU$5.2b18x37.3x1.6x
Fri, 19 Jan 2024AU$182.9bAU$118.3bAU$4.8b18.2x38.2x1.5x
Sun, 17 Dec 2023AU$184.4bAU$117.9bAU$4.7b17.5x38.8x1.6x
Tue, 14 Nov 2023AU$174.7bAU$118.7bAU$4.9b16.6x36x1.5x
Thu, 12 Oct 2023AU$176.9bAU$118.6bAU$4.8b16.5x36.6x1.5x
Sat, 09 Sep 2023AU$181.3bAU$118.7bAU$4.8b16.9x37.4x1.5x
Mon, 07 Aug 2023AU$182.9bAU$111.5bAU$3.6b19.1x50.9x1.6x
Wed, 05 Jul 2023AU$180.6bAU$110.0bAU$3.5b18.9x52.1x1.6x
Fri, 02 Jun 2023AU$176.2bAU$110.4bAU$3.5b17.4x49.7x1.6x
Sun, 30 Apr 2023AU$177.5bAU$110.1bAU$3.5b18.3x50.6x1.6x
Tue, 28 Mar 2023AU$160.4bAU$99.6bAU$3.5b17.3x45.5x1.6x
Thu, 23 Feb 2023AU$147.8bAU$89.6bAU$3.1b19.2x48.4x1.6x
Sat, 21 Jan 2023AU$146.0bAU$87.3bAU$3.7b19.2x39.5x1.7x
Price to Earnings Ratio

39.5x


Total Market Cap: AU$146.0bTotal Earnings: AU$3.7bTotal Revenue: AU$87.3bTotal 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 30.5x 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 Market1.64%
Industrials2.10%
Aerospace & Defense10.48%
Building5.70%
Machinery4.40%
Commercial Services3.62%
Trade Distributors1.80%
Construction1.60%
Professional Services1.40%
Infrastructure1.32%
Transportation1.24%
Industrials0%0
Logistics-0.53%
Airlines-0.96%
Electrical-5.07%
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 57.1%, 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 57% 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$23.394.8%
+AU$1.5b		23.2%PE24.6x
REH ReeceAU$14.399.4%
+AU$762.7m		-35.8%PE27.9x
TCL Transurban GroupAU$13.911.5%
+AU$654.1m		2.2%PE325.8x
ASB AustalAU$8.7321.6%
+AU$651.7m		175.4%PE40.9x
ALQ ALSAU$23.054.0%
+AU$451.7m		48.2%PE43.2x

Latest News

EOS
AU$11.02
Electro Optic Systems Holdings
7D
14.0%
1Y
822.2%
BXB
AU$23.39
Brambles
7D
4.8%
1Y
23.2%

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$33.96
Computershare
7D
-0.2%
1Y
-2.0%

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.
REH
AU$14.39
Reece
7D
9.4%
1Y
-35.8%

REH: Buyback And Index Change Will Shape Margins And Earnings Outlook

Analysts have inched up their price target for Reece to A$14.04 from A$14.04, reflecting small adjustments to fair value, discount rate assumptions, revenue growth expectations and profit margin forecasts, along with a slightly lower future P/E multiple. What's in the News Reece Limited (ASX:REH) authorized a share repurchase program on November 27, 2025, with capacity to buy back up to A$35 million of shares, funded from existing cash and debt facilities, with the program running until December 11, 2026 (company announcement).
SGH
AU$47.92
SGH
7D
-1.4%
1Y
6.1%

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$8.73
Austal
7D
21.6%
1Y
175.4%

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.
VNT
AU$6.20
Ventia Services Group
7D
3.7%
1Y
69.4%

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
ALQ
AU$23.05
ALS
7D
4.0%
1Y
48.2%

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
QAN
AU$10.20
Qantas Airways
7D
-1.0%
1Y
12.0%

Calculating The Intrinsic Value Of Qantas Airways Limited (ASX:QAN)

Jan 07
Calculating The Intrinsic Value Of Qantas Airways Limited (ASX:QAN)
DRO
AU$3.90
DroneShield
7D
-0.5%
1Y
445.5%

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.
TCL
AU$13.91
Transurban Group
7D
1.5%
1Y
2.2%

Is Transurban Group (ASX:TCL) A Risky Investment?

Dec 25
Is Transurban Group (ASX:TCL) A Risky Investment?
MYG
AU$2.90
Mayfield Group Holdings
7D
-14.2%
1Y
281.6%
WOR
AU$13.05
Worley
7D
-0.5%
1Y
-7.8%
SSM
AU$2.15
Service Stream
7D
-2.3%
1Y
41.0%
SYL
AU$3.40
Symal Group
7D
-2.3%
1Y
104.8%
RWC
AU$4.16
Reliance Worldwide
7D
6.4%
1Y
-17.9%