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Australian (ASX) Construction and Engineering Industry Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies22
  • 7D-1.7%
  • 3M12.9%
  • 1Y39.3%
  • YTDn/a

Over the last 7 days, the Construction and Engineering industry has dropped 1.7%, driven by Ventia Services Group declining 3.4%. In the past year, the industry has gained 39%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026AU$32.3bAU$37.1bAU$1.3b24.8x24.5x0.9x
Tue, 09 Jun 2026AU$32.6bAU$35.4bAU$1.2b24.4x26.2x0.9x
Thu, 07 May 2026AU$29.5bAU$35.4bAU$1.2b21.3x23.7x0.8x
Sat, 04 Apr 2026AU$26.1bAU$35.4bAU$1.2b19.4x21x0.7x
Mon, 02 Mar 2026AU$28.3bAU$35.0bAU$1.2b21.8x23.1x0.8x
Wed, 28 Jan 2026AU$29.1bAU$33.8bAU$1.2b22.6x23.4x0.9x
Fri, 26 Dec 2025AU$27.9bAU$33.8bAU$1.2b22.1x22.4x0.8x
Sun, 23 Nov 2025AU$26.4bAU$33.8bAU$1.2b21.3x21.2x0.8x
Tue, 21 Oct 2025AU$27.7bAU$35.0bAU$1.3b22.1x21.9x0.8x
Thu, 18 Sep 2025AU$26.6bAU$35.0bAU$1.3b20.7x21x0.8x
Sat, 16 Aug 2025AU$24.6bAU$34.8bAU$1.3b18x18.7x0.7x
Mon, 14 Jul 2025AU$23.5bAU$34.7bAU$1.3b18.2x18.1x0.7x
Wed, 11 Jun 2025AU$22.2bAU$34.7bAU$1.3b16.6x17.1x0.6x
Fri, 09 May 2025AU$21.3bAU$34.7bAU$1.3b16.9x16.4x0.6x
Sun, 06 Apr 2025AU$20.3bAU$34.7bAU$1.3b15.1x15.6x0.6x
Tue, 04 Mar 2025AU$22.5bAU$34.7bAU$1.3b16.4x17.4x0.6x
Thu, 30 Jan 2025AU$22.6bAU$34.0bAU$1.2b16.8x19.3x0.7x
Sat, 28 Dec 2024AU$21.7bAU$34.9bAU$1.2b16.1x18.5x0.6x
Mon, 25 Nov 2024AU$22.2bAU$33.9bAU$1.1b18.5x20.3x0.7x
Wed, 23 Oct 2024AU$21.8bAU$33.5bAU$1.1b18.6x20x0.7x
Fri, 20 Sep 2024AU$21.7bAU$34.0bAU$1.1b15.6x19.4x0.6x
Sun, 18 Aug 2024AU$21.2bAU$32.8bAU$953.9m18x22.2x0.6x
Tue, 16 Jul 2024AU$21.1bAU$32.6bAU$942.3m16.3x22.4x0.6x
Thu, 13 Jun 2024AU$20.0bAU$32.6bAU$942.3m15.2x21.2x0.6x
Sat, 11 May 2024AU$20.6bAU$32.6bAU$942.3m15x21.8x0.6x
Mon, 08 Apr 2024AU$20.9bAU$32.3bAU$918.1m14.3x22.8x0.6x
Wed, 06 Mar 2024AU$21.2bAU$32.3bAU$918.1m14.5x23.1x0.7x
Fri, 02 Feb 2024AU$18.9bAU$30.8bAU$615.4m15.4x30.7x0.6x
Sun, 31 Dec 2023AU$20.5bAU$30.8bAU$615.4m15.4x33.4x0.7x
Tue, 28 Nov 2023AU$19.6bAU$30.8bAU$615.4m14x31.8x0.6x
Thu, 26 Oct 2023AU$18.8bAU$30.8bAU$615.4m13.9x30.6x0.6x
Sat, 23 Sep 2023AU$19.4bAU$30.8bAU$615.4m14.5x31.6x0.6x
Mon, 21 Aug 2023AU$19.0bAU$29.1bAU$358.1m15.4x53.1x0.7x
Wed, 19 Jul 2023AU$18.8bAU$28.9bAU$365.8m15.2x51.3x0.6x
Price to Earnings Ratio

51.3x


Total Market Cap: AU$18.8bTotal Earnings: AU$365.8mTotal Revenue: AU$28.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Construction and Engineering Industry Price to Earnings3Y Average 23.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian Construction and Engineering 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 23.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.69x.
Past Earnings Growth
  • The earnings for companies in the Construction and Engineering industry have grown 53% per year over the last three years.
  • Revenues for these companies have grown 8.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Australian Construction and Engineering compare with similar industries?

AU Market-0.42%
Industrials-1.52%
Construction-1.65%
Construction and Engineering-1.65%
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
MGH MAAS Group HoldingsAU$5.574.3%
+AU$82.1m		36.2%PE25.3x
LYL LycopodiumAU$18.888.9%
+AU$60.2m		61.5%PE21x
SXE Southern Cross Electrical EngineeringAU$4.461.4%
+AU$16.0m		157.8%PE438x
WOR WorleyAU$10.800.2%
+AU$9.8m		-19.5%PE15.3x
DUR DuratecAU$2.401.3%
+AU$7.7m		61.6%PE26.6x

Latest News

MGH
AU$5.57
MAAS Group Holdings
7D
4.3%
1Y
36.2%
New Narrative • Jul 11

AI Infrastructure And Electrical Projects Will Drive Stronger Long Term Prospects

Catalysts About MAAS Group Holdings MAAS Group Holdings is a diversified infrastructure, electrical and property group focused on civil construction, modular electrical manufacturing and residential and commercial real estate. What are the underlying business or industry changes driving this perspective?
GNP
AU$9.39
GenusPlus Group
7D
-6.7%
1Y
119.4%
Narrative Update • Jul 10

GNP: Energy Transition Projects And MPC Kinetic Deal Will Drive Future Upside

GenusPlus Group's analyst price target has been revised from A$7.50 to A$12.80. Analysts point to updated assumptions for revenue growth, profit margins, the discount rate, and future P/E as the key drivers of this change.
TEA
AU$8.78
Tasmea
7D
-1.5%
1Y
160.5%
SXE
AU$4.46
Southern Cross Electrical Engineering
7D
1.4%
1Y
157.8%
Narrative Update • Jul 09

SXE: Equity Raise Will Support Higher Margins And Future Earnings Potential

Analysts have lifted their price target for Southern Cross Electrical Engineering to A$5.40 from A$3.70, citing updated assumptions for revenue growth, profit margins and a lower future P/E multiple in their valuation work. What’s in the News for Southern Cross Electrical Engineering Southern Cross Electrical Engineering completed a follow on equity offering of A$150 million in ordinary shares, described as a subsequent direct listing, at A$4.00 per share with a discount of A$0.22 per security.
NWH
AU$7.12
NRW Holdings
7D
-1.5%
1Y
130.4%
Narrative Update • Jul 09

nan

Analysts have lifted their price target for NRW Holdings to A$6.30 from A$4.52, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that together support a higher assessed fair value. What’s in the News for NRW Holdings No recent company specific news items for NRW Holdings have been provided in the available sources.
WOR
AU$10.80
Worley
7D
0.2%
1Y
-19.5%
Narrative Update • Jul 09

WOR: Higher Required Return And Margins Will Support Future Upside

Analysts have reduced their Worley price target to about A$16.37 from roughly A$20.51 as they reset fair value, apply a higher discount rate and moderate revenue growth expectations, partly offset by slightly firmer profit margin and future P/E assumptions. What’s in the News for Worley No recent company specific news items for Worley were provided in the supplied sources.
FWD
AU$1.92
Fleetwood
7D
1.6%
1Y
-25.9%
Narrative Update • Jul 08

FWD: Portfolio Refocus On Modular Assets Will Drive Future Upside

Analysts have reduced their price target for Fleetwood from A$3.46 to A$2.95, reflecting updated assumptions for softer revenue trends, slightly lower profit margins, and a higher future P/E multiple. What’s in the News for Fleetwood Fleetwood plans to exit its RV Solutions segment, including the divestment of the Camec recreational vehicle parts and accessories business across Australia and New Zealand, following a review of its operations.
DUR
AU$2.40
Duratec
7D
1.3%
1Y
61.6%
Narrative Update • Jul 07

DUR: New Buy Rating Will Support Rerated Earnings Multiple Going Forward

Duratec's consensus analyst price target has shifted from A$2.15 to A$2.85, with analysts pointing to updated views on fair value, discount rates, growth and margins following new coverage and sector commentary. What’s in the News for Duratec No recent Duratec specific news items were identified in the provided sources.
VNT
AU$5.95
Ventia Services Group
7D
-3.4%
1Y
16.2%
CVL
AU$1.81
Civmec
7D
-3.7%
1Y
55.4%
MND
AU$28.31
Monadelphous Group
7D
-1.5%
1Y
59.1%
Narrative Update • Jun 18

MND: Rich P/E And Brigalow Contract Will Likely Restrain Future Returns

Analysts have lifted their price target for Monadelphous Group stock from A$19.59 to A$19.89, citing updated assumptions around revenue growth, profit margins, and a lower estimated future P/E multiple. What’s in the News for Monadelphous Group Monadelphous Group secured a A$380 million contract from CS Energy to deliver balance of plant construction for the Brigalow Peaking Power Plant near Chinchilla, Queensland, including civil and mechanical works, piping, and installation of 12 aeroderivative gas turbine generator units.
SRG
AU$3.58
SRG Global
7D
-5.5%
1Y
113.7%
Narrative Update • Jun 17

SRG: Contract Wins And Guidance Uplift Will Shape Fairly Valued Shares

Analysts have lifted their fair value estimate for SRG Global to about A$3.89 from roughly A$3.34, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples, along with recent Street research including a new A$3.15 target from Goldman Sachs coverage initiation. What’s in the News for SRG Global SRG Global announced A$1.85b in new contract wins across nine sectors, including water infrastructure, defence, energy, industrial services, digital infrastructure and resources, with blue chip clients such as Fortescue, Origin Energy, Alcoa and Queensland’s Gympie Regional Council.
LYL
AU$18.88
Lycopodium
7D
8.9%
1Y
61.5%
SSM
AU$2.51
Service Stream
7D
-3.1%
1Y
29.7%