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Australian (ASX) Construction Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies21
  • 7D-0.5%
  • 3M-4.4%
  • 1Y29.6%
  • YTD-4.4%

Last week, the Construction industry hasn't moved much but Duratec is up 14% in that time. As for the the longer term, the industry is up 30% over the past 12 months. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026AU$26.6bAU$35.4bAU$1.2b20x21.3x0.8x
Sun, 01 Mar 2026AU$28.3bAU$35.0bAU$1.2b21.8x23.1x0.8x
Tue, 27 Jan 2026AU$29.0bAU$33.8bAU$1.2b23.4x23.3x0.9x
Thu, 25 Dec 2025AU$27.9bAU$33.8bAU$1.2b22.1x22.4x0.8x
Sat, 22 Nov 2025AU$26.4bAU$33.8bAU$1.2b21.3x21.2x0.8x
Mon, 20 Oct 2025AU$27.7bAU$35.0bAU$1.3b21.8x21.9x0.8x
Wed, 17 Sep 2025AU$26.6bAU$35.0bAU$1.3b20.6x21x0.8x
Fri, 15 Aug 2025AU$24.3bAU$34.8bAU$1.3b17.7x18.5x0.7x
Sun, 13 Jul 2025AU$23.5bAU$34.7bAU$1.3b18.2x18.1x0.7x
Tue, 10 Jun 2025AU$22.1bAU$34.7bAU$1.3b17.1x17x0.6x
Thu, 08 May 2025AU$20.7bAU$34.7bAU$1.3b16.7x16x0.6x
Sat, 05 Apr 2025AU$20.3bAU$34.7bAU$1.3b15.1x15.6x0.6x
Mon, 03 Mar 2025AU$22.6bAU$34.7bAU$1.3b16.5x17.4x0.6x
Wed, 29 Jan 2025AU$22.5bAU$34.0bAU$1.2b16.8x19.3x0.7x
Fri, 27 Dec 2024AU$21.7bAU$34.9bAU$1.2b16x18.5x0.6x
Sun, 24 Nov 2024AU$22.2bAU$33.9bAU$1.1b18.5x20.3x0.7x
Tue, 22 Oct 2024AU$22.1bAU$33.5bAU$1.1b19.5x20.2x0.7x
Thu, 19 Sep 2024AU$21.6bAU$34.0bAU$1.1b15.8x19.4x0.6x
Sat, 17 Aug 2024AU$21.2bAU$32.8bAU$953.9m18x22.2x0.6x
Mon, 15 Jul 2024AU$21.0bAU$32.6bAU$942.3m16.1x22.3x0.6x
Wed, 12 Jun 2024AU$20.3bAU$32.6bAU$942.3m15.2x21.5x0.6x
Fri, 10 May 2024AU$20.6bAU$32.6bAU$942.3m15x21.8x0.6x
Sun, 07 Apr 2024AU$20.9bAU$32.3bAU$918.1m14.3x22.8x0.6x
Tue, 05 Mar 2024AU$21.2bAU$32.3bAU$918.1m14.2x23.1x0.7x
Thu, 01 Feb 2024AU$19.3bAU$30.8bAU$615.4m15.6x31.3x0.6x
Sat, 30 Dec 2023AU$20.5bAU$30.8bAU$615.4m15.4x33.4x0.7x
Mon, 27 Nov 2023AU$19.6bAU$30.8bAU$615.4m14x31.9x0.6x
Wed, 25 Oct 2023AU$19.0bAU$30.8bAU$615.4m14.1x30.9x0.6x
Fri, 22 Sep 2023AU$19.3bAU$30.8bAU$615.4m14.5x31.4x0.6x
Sun, 20 Aug 2023AU$19.0bAU$29.1bAU$358.1m15.4x53.1x0.7x
Tue, 18 Jul 2023AU$18.8bAU$28.9bAU$365.8m15x51.3x0.6x
Thu, 15 Jun 2023AU$18.2bAU$28.9bAU$365.8m14.6x49.6x0.6x
Sat, 13 May 2023AU$18.6bAU$28.9bAU$365.8m15.5x50.9x0.6x
Mon, 10 Apr 2023AU$17.2bAU$28.9bAU$365.8m14.1x47.1x0.6x
Price to Earnings Ratio

47.1x


Total Market Cap: AU$17.2bTotal 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 21.3x 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 Market1.39%
Industrials0.34%
Construction-0.50%
Construction and Engineering-0.50%
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
DUR DuratecAU$2.7413.7%
+AU$85.1m		66.1%PE30.3x
SSM Service StreamAU$1.992.1%
+AU$24.5m		13.4%PE23x
SHA SHAPE AustraliaAU$6.743.9%
+AU$20.8m		121.0%PE21.9x
WOR WorleyAU$11.230.5%
+AU$19.6m		-20.6%PE16x
LYL LycopodiumAU$13.311.6%
+AU$8.2m		28.0%PE14.8x

Latest News

GNP
AU$7.53
GenusPlus Group
7D
0.4%
1Y
176.8%
DUR
AU$2.74
Duratec
7D
13.7%
1Y
66.1%

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?
VBC
AU$0.20
Verbrec
7D
5.4%
1Y
134.9%
SHA
AU$6.74
SHAPE Australia
7D
3.9%
1Y
121.0%

SHA: Upcoming Fully Franked Dividend Will Support Higher Future Earnings Multiple

Analysts have adjusted their price target for SHAPE Australia to A$8.25 from A$7.97, citing updated assumptions for revenue growth, profit margins and future P/E that feed into a slightly higher fair value estimate and discount rate. What's in the News Announced a fully franked ordinary dividend of A$0.14 per share for the six months ended December 31, 2025 (Key Developments).
WOR
AU$11.23
Worley
7D
0.5%
1Y
-20.6%

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$5.37
NRW Holdings
7D
-3.4%
1Y
98.2%

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).
MGH
AU$4.02
MAAS Group Holdings
7D
-12.0%
1Y
9.8%
MND
AU$28.05
Monadelphous Group
7D
-2.0%
1Y
81.3%

MND: Higher Fair Value And Upcoming Dividend Will Likely Support Upside

Analysts have raised their price target on Monadelphous Group from A$25.63 to A$30.96, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Monadelphous Group declared an ordinary fully franked dividend of A$0.49 per security for the six months ended December 31, 2025, giving investors a clear view of cash returns over that period (Key Developments).
VNT
AU$5.22
Ventia Services Group
7D
-4.7%
1Y
26.4%

VNT: Buybacks And Long Dated Contracts Will Support Steady Future Earnings

Analysts have kept their fair value estimate for Ventia Services Group steady at A$6.12 per share, with only minor adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E used in their updated price target work. What's in the News Ventia increased its equity buyback authorization by A$100 million to a total of A$250 million and extended the plan duration to 5 March 2027 (company announcement, 19 February 2026).
SXE
AU$2.97
Southern Cross Electrical Engineering
7D
1.0%
1Y
71.7%

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

Analysts have kept their fair value estimate for Southern Cross Electrical Engineering steady at A$3.59, with only marginal tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E feeding into an unchanged overall price target. Valuation Changes Fair Value: A$3.59 is unchanged, with no adjustment to the overall valuation outcome.
SYL
AU$2.18
Symal Group
7D
-3.1%
1Y
33.3%
TEA
AU$4.59
Tasmea
7D
-7.1%
1Y
76.5%
SSM
AU$1.99
Service Stream
7D
2.1%
1Y
13.4%
FWD
AU$1.68
Fleetwood
7D
-3.7%
1Y
-32.7%
CVL
AU$1.43
Civmec
7D
-4.4%
1Y
58.3%
LYL
AU$13.31
Lycopodium
7D
1.6%
1Y
28.0%