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Australian (ASX) Construction Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies21
  • 7D0.7%
  • 3M-7.5%
  • 1Y38.8%
  • YTD-6.0%

Over the last 7 days, the Construction industry has remained flat, although notably Ventia Services Group declined by 3.2%. The past year has been better, since the industry has gained 39% in that time. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026AU$26.1bAU$35.4bAU$1.2b19.4x21x0.7x
Thu, 05 Mar 2026AU$27.6bAU$35.4bAU$1.2b22.1x22.2x0.8x
Sat, 31 Jan 2026AU$29.0bAU$33.8bAU$1.2b23.6x23.3x0.9x
Mon, 29 Dec 2025AU$27.9bAU$33.8bAU$1.2b22.1x22.4x0.8x
Wed, 26 Nov 2025AU$27.1bAU$33.8bAU$1.2b21.7x21.8x0.8x
Fri, 24 Oct 2025AU$27.0bAU$33.9bAU$1.2b23.1x22x0.8x
Sun, 21 Sep 2025AU$26.5bAU$35.0bAU$1.3b20.5x20.9x0.8x
Tue, 19 Aug 2025AU$24.7bAU$34.8bAU$1.3b18x18.8x0.7x
Thu, 17 Jul 2025AU$23.6bAU$34.7bAU$1.3b18.2x18.2x0.7x
Sat, 14 Jun 2025AU$22.5bAU$34.7bAU$1.3b16.7x17.3x0.6x
Mon, 12 May 2025AU$21.4bAU$34.7bAU$1.3b16.9x16.5x0.6x
Wed, 09 Apr 2025AU$19.6bAU$34.7bAU$1.3b14.9x15.1x0.6x
Fri, 07 Mar 2025AU$21.9bAU$34.7bAU$1.3b15.6x16.8x0.6x
Sun, 02 Feb 2025AU$22.7bAU$34.0bAU$1.2b17x19.5x0.7x
Tue, 31 Dec 2024AU$21.8bAU$34.9bAU$1.2b16.1x18.6x0.6x
Thu, 28 Nov 2024AU$21.9bAU$34.2bAU$1.1b17.4x19.5x0.6x
Sat, 26 Oct 2024AU$21.5bAU$33.5bAU$1.1b19.2x19.6x0.6x
Mon, 23 Sep 2024AU$21.3bAU$33.6bAU$1.1b16.2x19.6x0.6x
Wed, 21 Aug 2024AU$21.3bAU$32.5bAU$962.9m17.8x22.2x0.7x
Fri, 19 Jul 2024AU$21.1bAU$32.6bAU$942.3m16.3x22.4x0.6x
Sun, 16 Jun 2024AU$19.9bAU$32.6bAU$942.3m15x21.1x0.6x
Tue, 14 May 2024AU$20.6bAU$32.6bAU$942.3m15x21.8x0.6x
Thu, 11 Apr 2024AU$21.0bAU$32.3bAU$918.1m14.7x22.9x0.7x
Sat, 09 Mar 2024AU$21.3bAU$32.3bAU$918.1m14.6x23.2x0.7x
Mon, 05 Feb 2024AU$19.3bAU$30.8bAU$615.4m15.3x31.3x0.6x
Wed, 03 Jan 2024AU$20.5bAU$30.8bAU$615.4m15.6x33.4x0.7x
Fri, 01 Dec 2023AU$19.6bAU$30.8bAU$615.4m15x31.9x0.6x
Sun, 29 Oct 2023AU$18.8bAU$30.8bAU$615.4m14x30.5x0.6x
Tue, 26 Sep 2023AU$19.6bAU$30.8bAU$615.4m14.6x31.8x0.6x
Thu, 24 Aug 2023AU$19.3bAU$30.3bAU$572.3m15.3x33.8x0.6x
Sat, 22 Jul 2023AU$18.7bAU$28.9bAU$365.8m15.6x51.2x0.6x
Mon, 19 Jun 2023AU$17.9bAU$28.9bAU$365.8m14.6x49x0.6x
Wed, 17 May 2023AU$18.4bAU$28.9bAU$365.8m15.3x50.4x0.6x
Fri, 14 Apr 2023AU$17.7bAU$28.9bAU$365.8m14.3x48.5x0.6x
Price to Earnings Ratio

48.5x


Total Market Cap: AU$17.7bTotal Earnings: AU$365.8mTotal Revenue: AU$28.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Construction Industry Price to Earnings3Y Average 26x202420252026
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 21.0x which is lower than its 3-year average PE of 26.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 50% per year over the last three years.
  • Revenues for these companies have grown 7.0% 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 Market1.13%
Industrials0.41%
Construction0.67%
Construction and Engineering0.67%
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$5.565.5%
+AU$133.2m		121.5%PE52.4x
WOR WorleyAU$11.472.3%
+AU$123.3m		-5.2%PE16.4x
MND Monadelphous GroupAU$28.374.1%
+AU$111.1m		94.0%PE26.8x
GNP GenusPlus GroupAU$7.585.9%
+AU$76.2m		197.3%PE29.6x
SRG SRG GlobalAU$2.574.5%
+AU$68.9m		109.8%PE29.2x

Latest News

VNT
AU$5.20
Ventia Services Group
7D
-0.6%
1Y
28.4%
SXE
AU$2.87
Southern Cross Electrical Engineering
7D
2.9%
1Y
76.1%

SXE: Future Returns Will Rely On Stable Margins And Undervalued Earnings Multiple

Analysts have kept their A$3.59 price target for Southern Cross Electrical Engineering steady, citing largely unchanged assumptions for discount rate, forecast revenue growth, profit margin and future P/E as the basis for this reaffirmed view. Valuation Changes Fair Value: Held steady at A$3.59, indicating no change in the central valuation estimate.
MND
AU$28.37
Monadelphous Group
7D
4.1%
1Y
94.0%

MND: Rich P/E And Dividend Outlook Will Likely Restrain Future Returns

Analysts have raised the Monadelphous Group price target from A$17.40 to approximately A$19.59, reflecting updated assumptions around revenue growth, profit margins and the stock's future P/E. What's in the News Announced an ordinary fully franked dividend of A$0.49 per security for the six months ended December 31, 2025, which gives investors clearer visibility on upcoming income timing (company announcement).
GNP
AU$7.58
GenusPlus Group
7D
5.9%
1Y
197.3%

GNP: Stable Assumptions And Index Removal Will Support Future Upside

Analysts have maintained their A$9.50 price target for GenusPlus Group, citing only marginal adjustments to assumptions such as discount rate, revenue growth, profit margin and future P/E that are not material enough to change their overall valuation view. What's in the News GenusPlus Group Ltd was removed from the S&P/ASX Emerging Companies Index.
DUR
AU$2.77
Duratec
7D
8.6%
1Y
77.0%

Defence And Decommissioning Tailwinds Will Support Long Duration Asset Integrity Upside

Catalysts About Duratec Duratec is an Australian specialist contractor focused on asset integrity, remediation and lifecycle services across Defence, Mining & Industrial, Building & Facade, Energy and Marine, Transport and Water infrastructure. What are the underlying business or industry changes driving this perspective?
WOR
AU$11.47
Worley
7D
2.3%
1Y
-5.2%

WOR: Extended Buyback And Restructuring Progress Will Support Future Earnings Quality

Analysts have trimmed their average price target for Worley by A$5. This reflects recent downgrades to Sector Perform and Hold that point to concerns around restructuring costs and a weaker underlying result, even though previously reported headline metrics came in ahead of some estimates.
NWH
AU$5.56
NRW Holdings
7D
5.5%
1Y
121.5%

NWH: Dividend And 2026 Revenue Guidance Will Support Undervalued Upside

Analysts have nudged their price target on NRW Holdings marginally lower to A$6.64 from A$6.67, reflecting slightly updated assumptions for the discount rate, revenue growth, profit margin and future P/E, without a major shift in their overall view. What's in the News NRW Holdings has called a special or extraordinary shareholders meeting for April 28, 2026, at the Corrs Chambers Westgarth boardroom in Perth, Australia (Key Developments).
SRG
AU$2.57
SRG Global
7D
4.5%
1Y
109.8%

SRG: Future Returns Will Reflect Index Inclusion And Fully Franked Dividend Support

Analysts have reaffirmed their A$3.19 price target for SRG Global, citing updated model inputs around discount rate, revenue growth, profit margin and future P/E assumptions that together keep their valuation view unchanged. What's in the News SRG Global Limited (ASX:SRG) has been added to the S&P/ASX 200 Industrials Sector Index, reflecting its inclusion in this sector benchmark (Key Developments).
MGH
AU$4.15
MAAS Group Holdings
7D
-4.2%
1Y
13.4%
AJL
AU$0.011
AJ Lucas Group
7D
-4.2%
1Y
130.0%
SSM
AU$1.99
Service Stream
7D
2.8%
1Y
14.4%
CVL
AU$1.42
Civmec
7D
-0.7%
1Y
60.5%
BSA
AU$0.34
BSA
7D
-4.2%
1Y
672.7%
REM
AU$0.046
RemSense Technologies
7D
-8.0%
1Y
-6.1%