Has the Australian Building Industry valuation changed over the past few years?

Investors are relatively neutral on the Australian Building industry at the moment, indicating that they anticipate long term growth rates to remain steady. The industry is trading close to its 3-year average PE ratio of 17.7x. The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.5x.

Which industries have driven the changes within the Australian Industrials industry?

There are no additional sub-industries under this industry.

Australian (ASX) Building Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 03 Jul 2026	AU$3.4b	AU$2.4b	AU$198.6m	15.1x	17.3x	1.4x
Sun, 31 May 2026	AU$2.9b	AU$2.3b	AU$188.8m	16.7x	15.5x	1.3x
Tue, 28 Apr 2026	AU$2.8b	AU$2.3b	AU$188.8m	16x	14.9x	1.2x
Thu, 26 Mar 2026	AU$2.9b	AU$2.3b	AU$193.3m	16.2x	15.2x	1.3x
Sat, 21 Feb 2026	AU$3.3b	AU$2.3b	AU$191.5m	18.1x	17x	1.4x
Mon, 19 Jan 2026	AU$3.8b	AU$2.4b	AU$231.3m	16.6x	16.5x	1.6x
Wed, 17 Dec 2025	AU$3.6b	AU$2.5b	AU$232.6m	15.8x	15.6x	1.5x
Fri, 14 Nov 2025	AU$3.7b	AU$2.5b	AU$234.8m	16x	15.7x	1.5x
Sun, 12 Oct 2025	AU$3.7b	AU$2.5b	AU$237.1m	16x	15.8x	1.5x
Tue, 09 Sep 2025	AU$3.9b	AU$2.5b	AU$234.0m	16.7x	16.6x	1.6x
Thu, 07 Aug 2025	AU$4.1b	AU$2.5b	AU$232.5m	17.3x	17.4x	1.6x
Sat, 05 Jul 2025	AU$3.9b	AU$2.5b	AU$230.9m	16.8x	17.1x	1.6x
Mon, 02 Jun 2025	AU$4.0b	AU$2.5b	AU$234.3m	16.5x	17.2x	1.6x
Wed, 30 Apr 2025	AU$3.8b	AU$2.6b	AU$235.7m	16.1x	16.2x	1.5x
Fri, 28 Mar 2025	AU$4.1b	AU$2.6b	AU$239.1m	16.5x	17.3x	1.6x
Sun, 23 Feb 2025	AU$4.5b	AU$2.6b	AU$237.0m	17.2x	19.2x	1.8x
Tue, 21 Jan 2025	AU$4.8b	AU$2.5b	AU$217.4m	17.2x	22.3x	1.9x
Thu, 19 Dec 2024	AU$4.7b	AU$2.5b	AU$214.3m	16.8x	21.9x	1.9x
Sat, 16 Nov 2024	AU$4.9b	AU$2.4b	AU$210.0m	16.5x	23.3x	2x
Mon, 14 Oct 2024	AU$5.1b	AU$2.3b	AU$203.0m	17.1x	25.4x	2.2x
Wed, 11 Sep 2024	AU$4.9b	AU$2.4b	AU$205.0m	15.6x	24x	2.1x
Fri, 09 Aug 2024	AU$4.3b	AU$2.4b	AU$235.5m	15.6x	18.3x	1.8x
Sun, 07 Jul 2024	AU$4.1b	AU$2.3b	AU$229.9m	17.8x	17.7x	1.8x
Tue, 04 Jun 2024	AU$4.5b	AU$2.3b	AU$232.9m	17.8x	19.2x	1.9x
Thu, 02 May 2024	AU$4.6b	AU$2.4b	AU$237.0m	17.8x	19.5x	1.9x
Sat, 30 Mar 2024	AU$5.2b	AU$2.4b	AU$236.6m	17.8x	22.1x	2.2x
Mon, 26 Feb 2024	AU$4.9b	AU$2.4b	AU$235.2m	18.8x	20.7x	2.1x
Wed, 24 Jan 2024	AU$4.0b	AU$2.4b	AU$256.4m	16x	15.8x	1.7x
Fri, 22 Dec 2023	AU$4.0b	AU$2.3b	AU$250.8m	16.5x	16x	1.7x
Sun, 19 Nov 2023	AU$3.6b	AU$2.4b	AU$258.5m	14.4x	14.1x	1.5x
Tue, 17 Oct 2023	AU$3.4b	AU$2.5b	AU$265.8m	13x	12.7x	1.4x
Thu, 14 Sep 2023	AU$3.5b	AU$2.4b	AU$261.5m	13.8x	13.5x	1.5x
Sat, 12 Aug 2023	AU$3.9b	AU$2.4b	AU$254.0m	15.7x	15.4x	1.6x
Mon, 10 Jul 2023	AU$3.5b	AU$2.4b	AU$248.8m	14.6x	14.3x	1.5x


AU Market	-0.19%
Industrials	-1.97%
Building	1.09%
Building Products	1.09%

	Company	Last Price	7D	1Y	Valuation
	RWC Reliance Worldwide	AU$3.80	0.8% +AU$22.4m	-11.2%	PE19.2x
	GWA GWA Group	AU$2.29	2.7% +AU$15.4m	-1.3%	PE12.6x

Announcement • Jun 25

Reliance Worldwide Corporation Limited Announces Its Intention to Close Its Brass Casting, Forging and Machining Operations in Moorabbin and Braeside, Melbourne

Reliance Worldwide Corporation Limited announced its intention to close its brass casting, forging and machining operations in Moorabbin and Braeside, Melbourne (Australia), along with additional smaller sites, as part of its ongoing optimisation of its global manufacturing operations. These closures follow a sustained reduction in brass production volumes at the Melbourne facilities over recent years, such that it is no longer economically viable to continue these operations. The changes are expected to deliver net financial benefits to RWC’s consolidated results from Fiscal Year 2027. The decline in brass volumes reflects investment in RWC’s Alabama, USA facility to automate the assembly of its SharkBite Max brass push-to-connect (PTC) fittings. This has enabled production to be undertaken closer to end markets in North America, resulting in a significant reduction in volumes sourced from Australia. The design of SharkBite Max enables a 20% reduction in the amount of brass per fitting; and the transition in 2025 from manufacturing brass SharkBite PTC components in Melbourne for the APAC region to sourcing from third party vendors in Asia. RWC expects its overall brass requirements to decline further as it progresses its strategy to replace brass with stainless steel across key product ranges. Approximately 85 employees are expected to be affected by the closure of brass manufacturing operations in Australia. RWC has commenced consultation with impacted employees and anticipates this process to be completed during July 2026. RWC expects to recognise a one-off net charge of USD 100 million to USD 110 million in Fiscal Year 2026, which will be excluded from operating earnings. This charge includes provisions for redundancies and property exit costs of approximately USD 5 million; net write down of tangible assets (including inventory) of approximately USD 25 million; and impairment of intangible assets, including goodwill, of USD 70 million to USD 80 million. Approximately USD 5 million is the expected net cash outcome with the remainder non-cash. From Fiscal Year 2027, production will shift away from APAC resulting in the intercompany revenue of the region declining substantially from approximately USD 38 million recorded in Fiscal Year 2025 with an estimated adverse operating earnings (EBITDA) impact for the APAC region of USD 9 million. These impacts are expected to be more than offset by lower costs in the Americas region. Overall, RWC expects a net annual EBITDA benefit of approximately USD 9 million across the group by the end of Fiscal Year 2027. This reflects an expected net annual benefit to the Americas region of USD 18 million offset by the estimated adverse USD 9 million impact on APAC region results. The improvement in operating earnings reflects the more favourable economics of third-party sourcing and reduced US tariff exposure under the revised supply chain.

Australian (ASX) Building Industry Analysis

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Latest News

Reliance Worldwide Corporation Limited Announces Its Intention to Close Its Brass Casting, Forging and Machining Operations in Moorabbin and Braeside, Melbourne

Gwa Group Limited Announces Board Changes

Less than half of directors are independent