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Australian (ASX) Construction Industry Analysis

UpdatedDec 03, 2025
DataAggregated Company Financials
Companies20
  • 7D1.8%
  • 3M11.6%
  • 1Y30.5%
  • YTD33.4%

In the last week, the Construction industry is up 1.8%, with NRW Holdings up 6.3%. This means that the industry has gained 30% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Dec 2025AU$27.6bAU$33.8bAU$1.2b21.7x22.2x0.8x
Sat, 01 Nov 2025AU$27.6bAU$33.8bAU$1.2b22.6x22.2x0.8x
Mon, 29 Sep 2025AU$26.7bAU$35.0bAU$1.3b20.2x21x0.8x
Wed, 27 Aug 2025AU$25.0bAU$35.6bAU$1.3b17.1x19.6x0.7x
Fri, 25 Jul 2025AU$23.6bAU$34.7bAU$1.3b17.7x18.2x0.7x
Sun, 22 Jun 2025AU$22.6bAU$34.7bAU$1.3b17.8x17.4x0.7x
Tue, 20 May 2025AU$21.7bAU$34.7bAU$1.3b16.4x16.7x0.6x
Thu, 17 Apr 2025AU$19.6bAU$34.7bAU$1.3b15.3x15.1x0.6x
Sat, 15 Mar 2025AU$21.2bAU$34.7bAU$1.3b15x16.3x0.6x
Mon, 10 Feb 2025AU$22.8bAU$34.0bAU$1.2b17.5x19.5x0.7x
Wed, 08 Jan 2025AU$22.0bAU$34.9bAU$1.2b16x18.7x0.6x
Fri, 06 Dec 2024AU$22.4bAU$34.9bAU$1.2b16.5x19.1x0.6x
Sun, 03 Nov 2024AU$21.2bAU$33.5bAU$1.1b19.1x19.4x0.6x
Tue, 01 Oct 2024AU$21.7bAU$33.6bAU$1.1b16.5x20x0.6x
Thu, 29 Aug 2024AU$21.4bAU$32.8bAU$1.1b16.6x20.1x0.7x
Sat, 27 Jul 2024AU$21.4bAU$32.6bAU$942.3m17.3x22.7x0.7x
Mon, 24 Jun 2024AU$20.3bAU$32.6bAU$942.3m16.1x21.5x0.6x
Wed, 22 May 2024AU$20.1bAU$32.6bAU$942.3m14.2x21.3x0.6x
Fri, 19 Apr 2024AU$20.7bAU$32.3bAU$918.1m14.9x22.6x0.6x
Sun, 17 Mar 2024AU$21.0bAU$32.3bAU$918.1m13.9x22.8x0.6x
Tue, 13 Feb 2024AU$19.9bAU$30.6bAU$626.1m15.6x31.8x0.6x
Thu, 11 Jan 2024AU$20.1bAU$30.8bAU$615.4m15.3x32.6x0.7x
Sat, 09 Dec 2023AU$19.5bAU$30.8bAU$615.4m14.7x31.6x0.6x
Mon, 06 Nov 2023AU$19.1bAU$30.8bAU$615.4m14x31.1x0.6x
Wed, 04 Oct 2023AU$19.7bAU$30.8bAU$615.4m14.4x32x0.6x
Fri, 01 Sep 2023AU$19.7bAU$30.8bAU$614.9m14.9x32x0.6x
Sun, 30 Jul 2023AU$19.0bAU$28.9bAU$365.8m15x52x0.7x
Tue, 27 Jun 2023AU$17.6bAU$28.9bAU$365.8m15.1x48.1x0.6x
Thu, 25 May 2023AU$18.4bAU$28.9bAU$365.8m15.4x50.4x0.6x
Sat, 22 Apr 2023AU$17.7bAU$28.9bAU$365.8m14.4x48.5x0.6x
Mon, 20 Mar 2023AU$9.0bAU$18.5bAU$371.8m15x24.1x0.5x
Wed, 15 Feb 2023AU$9.6bAU$16.9bAU$291.1m17.4x32.9x0.6x
Fri, 13 Jan 2023AU$9.5bAU$16.9bAU$291.1m18.3x32.5x0.6x
Sun, 11 Dec 2022AU$9.5bAU$16.9bAU$291.1m17x32.8x0.6x
Price to Earnings Ratio

32.8x


Total Market Cap: AU$9.5bTotal Earnings: AU$291.1mTotal Revenue: AU$16.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Construction Industry Price to Earnings3Y Average 26.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Australian Construction 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 22.2x which is lower than its 3-year average PE of 26.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 62% per year over the last three years.
  • Revenues for these companies have grown 26% 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 industry?

AU Market0.61%
Industrials0.35%
Construction1.76%
Construction and Engineering1.76%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NWH NRW HoldingsAU$5.446.3%
+AU$147.0m		40.2%PE90.3x
SYL Symal GroupAU$2.8615.8%
+AU$92.1m		57.1%PE19.5x
MGH MAAS Group HoldingsAU$4.563.6%
+AU$57.9m		-6.7%PE22.9x
SSM Service StreamAU$2.302.7%
+AU$36.8m		43.8%PE23.8x
GNP GenusPlus GroupAU$6.582.8%
+AU$32.6m		159.1%PE33.7x

Latest News

TEA
AU$4.70
Tasmea
7D
-0.4%
1Y
51.6%
SYL
AU$2.86
Symal Group
7D
15.8%
1Y
57.1%
SRG
AU$2.88
SRG Global
7D
1.4%
1Y
116.5%
MND
AU$26.50
Monadelphous Group
7D
-2.1%
1Y
103.4%
VNT
AU$5.83
Ventia Services Group
7D
0.5%
1Y
35.0%

VNT: Major Defence Contracts And Consistent Margins Will Support Future Stability

Analysts have maintained their fair value estimate for Ventia Services Group at $5.63 per share. They cite stable outlooks for revenue growth and profit margins, despite a minor adjustment to the discount rate and future price-to-earnings ratio.
MGH
AU$4.56
MAAS Group Holdings
7D
3.6%
1Y
-6.7%

An Intrinsic Calculation For MAAS Group Holdings Limited (ASX:MGH) Suggests It's 37% Undervalued

Nov 26
An Intrinsic Calculation For MAAS Group Holdings Limited (ASX:MGH) Suggests It's 37% Undervalued
GNP
AU$6.58
GenusPlus Group
7D
2.8%
1Y
159.1%

GenusPlus Group Ltd's (ASX:GNP) Shares May Have Run Too Fast Too Soon

Nov 23
GenusPlus Group Ltd's (ASX:GNP) Shares May Have Run Too Fast Too Soon
WOR
AU$13.21
Worley
7D
-1.1%
1Y
-1.6%

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

Nov 21
Is Worley Limited (ASX:WOR) Trading At A 24% Discount?
NWH
AU$5.44
NRW Holdings
7D
6.3%
1Y
40.2%

NWH: Earnings Outlook and Dividend Will Continue to Support Fair Value

Analysts have reaffirmed their price target for NRW Holdings at $5.03, citing an unchanged growth outlook and profitability forecasts, even though there have been minor revisions to underlying assumptions. Valuation Changes Fair Value: Remains unchanged at A$5.03 per share.
SSM
AU$2.30
Service Stream
7D
2.7%
1Y
43.8%
LYL
AU$12.85
Lycopodium
7D
-0.2%
1Y
27.2%
CVL
AU$1.39
Civmec
7D
-0.4%
1Y
5.3%