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Australian (ASX) Industrials Sector Analysis

UpdatedNov 25, 2025
DataAggregated Company Financials
Companies126
  • 7D2.4%
  • 3M-1.0%
  • 1Y9.8%
  • YTD10.7%

The Industrials is pretty flat in the last 7 days, but SGH has stood out, gaining 7.0%. The past year has been better, since the industry has gained 9.1% in that time. 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
Wed, 26 Nov 2025AU$242.4bAU$145.6bAU$8.2b20.4x29.5x1.7x
Fri, 24 Oct 2025AU$249.6bAU$145.1bAU$8.2b20x30.6x1.7x
Sun, 21 Sep 2025AU$243.6bAU$146.0bAU$8.2b20x29.7x1.7x
Tue, 19 Aug 2025AU$244.0bAU$144.5bAU$8.1b18.3x30x1.7x
Thu, 17 Jul 2025AU$235.6bAU$144.6bAU$8.4b17.7x28x1.6x
Sat, 14 Jun 2025AU$236.1bAU$145.0bAU$8.5b16.7x27.9x1.6x
Mon, 12 May 2025AU$228.9bAU$144.8bAU$8.2b16.8x27.8x1.6x
Wed, 09 Apr 2025AU$211.9bAU$147.2bAU$8.5b15.7x25x1.4x
Fri, 07 Mar 2025AU$225.5bAU$146.4bAU$8.4b16.9x27x1.5x
Sun, 02 Feb 2025AU$214.9bAU$121.7bAU$6.7b19.4x32.1x1.8x
Tue, 31 Dec 2024AU$209.6bAU$122.5bAU$6.7b19x31.2x1.7x
Thu, 28 Nov 2024AU$210.9bAU$121.5bAU$6.6b19.3x32x1.7x
Sat, 26 Oct 2024AU$200.0bAU$120.2bAU$6.5b20.2x30.7x1.7x
Mon, 23 Sep 2024AU$207.1bAU$122.7bAU$6.3b19.2x33.1x1.7x
Wed, 21 Aug 2024AU$201.3bAU$120.5bAU$5.5b18.1x36.6x1.7x
Fri, 19 Jul 2024AU$197.1bAU$120.6bAU$5.4b18.3x36.6x1.6x
Sun, 16 Jun 2024AU$191.4bAU$121.0bAU$5.4b17.8x35.5x1.6x
Tue, 14 May 2024AU$195.7bAU$122.0bAU$5.8b18x33.6x1.6x
Thu, 11 Apr 2024AU$201.6bAU$122.0bAU$5.8b18.7x34.5x1.7x
Sat, 09 Mar 2024AU$200.8bAU$122.0bAU$5.8b17x34.4x1.6x
Mon, 05 Feb 2024AU$187.8bAU$118.5bAU$4.8b18.5x39x1.6x
Wed, 03 Jan 2024AU$189.0bAU$117.7bAU$4.7b18.4x40x1.6x
Fri, 01 Dec 2023AU$177.8bAU$118.2bAU$4.8b16.8x37.2x1.5x
Sun, 29 Oct 2023AU$167.7bAU$118.8bAU$4.9b16.4x34.4x1.4x
Tue, 26 Sep 2023AU$179.0bAU$118.5bAU$4.8b17.1x37x1.5x
Thu, 24 Aug 2023AU$180.1bAU$115.8bAU$4.2b19.3x43.2x1.6x
Sat, 22 Jul 2023AU$181.2bAU$111.0bAU$3.5b18.9x51.2x1.6x
Mon, 19 Jun 2023AU$178.1bAU$109.5bAU$3.5b18.4x51.5x1.6x
Wed, 17 May 2023AU$177.8bAU$110.0bAU$3.5b18.1x50.8x1.6x
Fri, 14 Apr 2023AU$175.1bAU$109.8bAU$3.5b17.9x50.2x1.6x
Sun, 12 Mar 2023AU$148.0bAU$94.1bAU$3.5b16.7x42.1x1.6x
Tue, 07 Feb 2023AU$149.3bAU$87.4bAU$3.7b19.4x40.4x1.7x
Thu, 05 Jan 2023AU$140.3bAU$87.4bAU$3.7b19.1x37.8x1.6x
Sat, 03 Dec 2022AU$147.8bAU$87.5bAU$3.7b18.9x39.7x1.7x
Price to Earnings Ratio

39.7x


Total Market Cap: AU$147.8bTotal Earnings: AU$3.7bTotal Revenue: AU$87.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Industrials Sector Price to Earnings3Y Average 36x202320242025
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 28.7x which is lower than its 3-year average PE of 36.0x.
  • 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 Market0.92%
Industrials2.37%
Electrical10.00%
Trade Distributors9.07%
Building5.26%
Infrastructure3.53%
Transportation3.17%
Commercial Services1.48%
Professional Services1.19%
Construction0.46%
Machinery-0.13%
Airlines-2.45%
Logistics-3.85%
Industrials-6.28%
Aerospace & Defense-6.84%
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 46.9%, which is lower than the prior year's growth of 239.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Machinery industry, expecting annual earnings growth of 53% over the next 5 years.
  • This is better than its past earnings growth rate of 14% 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
SGH SGHAU$46.267.0%
+AU$1.2b		-6.6%PE38.7x
QUB Qube HoldingsAU$4.8716.5%
+AU$1.2b		22.4%PE76.1x
REH ReeceAU$12.2415.3%
+AU$1.0b		-52.2%PE23.9x
BXB BramblesAU$23.912.9%
+AU$909.6m		24.8%PE24.4x
CPU ComputershareAU$35.944.4%
+AU$867.7m		13.3%PE22.2x

Latest News

SGH
AU$46.26
SGH
7D
7.0%
1Y
-6.6%

Why Investors Shouldn't Be Surprised By SGH Limited's (ASX:SGH) P/E

Nov 25
Why Investors Shouldn't Be Surprised By SGH Limited's (ASX:SGH) P/E
SST
AU$10.30
Steamships Trading
7D
-6.3%
1Y
-25.4%
QUB
AU$4.87
Qube Holdings
7D
16.5%
1Y
22.4%
TEA
AU$4.72
Tasmea
7D
-7.1%
1Y
63.9%
REH
AU$12.24
Reece
7D
15.3%
1Y
-52.2%
ALQ
AU$22.01
ALS
7D
4.2%
1Y
38.0%

Shareholders Can Be Confident That ALS' (ASX:ALQ) Earnings Are High Quality

Nov 24
Shareholders Can Be Confident That ALS' (ASX:ALQ) Earnings Are High Quality
C79
AU$7.87
Chrysos
7D
-9.0%
1Y
69.6%
BXB
AU$23.91
Brambles
7D
2.9%
1Y
24.8%

BXB: Recent Modest Fair Value Shift Will Support A Balanced Medium-Term Outlook

Analysts have slightly increased their price target for Brambles from $25.33 to $25.40, citing modest improvements in future valuation metrics as well as a marginally higher discount rate. Valuation Changes Fair Value: Increased marginally from A$25.33 to A$25.40.
QAN
AU$9.80
Qantas Airways
7D
2.3%
1Y
11.4%

QAN: Special Dividend Announcement Will Support Upward Momentum Despite Recent Downgrade

Narrative Update on Qantas Airways Analyst Price Target Analysts have revised Qantas Airways’ price target slightly downward from A$12.55 to A$12.05. This change reflects updated views on valuation and earnings outlook.
WOR
AU$13.36
Worley
7D
-2.1%
1Y
-3.6%

Is Worley Limited (ASX:WOR) Trading At A 24% Discount?

Nov 21
Is Worley Limited (ASX:WOR) Trading At A 24% Discount?
SHA
AU$6.06
SHAPE Australia
7D
-2.9%
1Y
118.8%

SHA: Revenue Growth Will Drive Profit Margin Improvement This Year

Analysts have raised their price target for SHAPE Australia from $5.62 to $6.95. This change is attributed to improved revenue growth expectations, along with slight increases in forecasted profit margins and the discount rate.
MAD
AU$8.00
Mader Group
7D
-3.0%
1Y
33.1%

MAD: Revenue Outlook And Dividend Payment Will Drive Balanced Performance

Narrative Update on Mader Group: Analyst Price Target Revised Analysts have raised their fair value estimate for Mader Group from $8.25 to $8.86, citing modest improvements in revenue growth and profit margins, as well as an upward revision in the projected price-to-earnings ratio. What's in the News Mader Group Limited declared a fully franked ordinary dividend of AUD 0.048 per share for the six months ended June 30, 2025.
VGN
AU$3.00
Virgin Australia Holdings
7D
-1.6%
1Y
n/a
CPU
AU$35.94
Computershare
7D
4.4%
1Y
13.3%

CPU: Earnings Outlook Will Balance Revenue Confidence And Currency Risks

Analysts have modestly raised their fair value estimate for Computershare, increasing the price target from A$38.21 to A$38.28. This adjustment is based on improved revenue growth indicators and confidence in management's future guidance, despite minor changes to the discount rate and profit margin assumptions.
CWY
AU$2.64
Cleanaway Waste Management
7D
4.8%
1Y
-9.3%
IMB
AU$0.54
Intelligent Monitoring Group
7D
-8.5%
1Y
7.0%