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Australian (ASX) Construction Industry Analysis

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies21
  • 7D2.6%
  • 3M19.4%
  • 1Y52.2%
  • YTD17.4%

In the last week, the Construction industry is up 2.6%, with SRG Global up 22%. Meanwhile, NRW Holdings actually underperformed within the industry, shrinking 6.2% in the last week. This takes the industry's 12 month performance to a gain of 52%. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Jun 2026AU$32.6bAU$35.4bAU$1.2b24.4x26.2x0.9x
Tue, 05 May 2026AU$28.8bAU$35.4bAU$1.2b20.5x23.1x0.8x
Thu, 02 Apr 2026AU$26.6bAU$35.4bAU$1.2b20x21.3x0.8x
Sat, 28 Feb 2026AU$28.3bAU$35.0bAU$1.2b21.8x23.1x0.8x
Mon, 26 Jan 2026AU$29.0bAU$33.8bAU$1.2b23.4x23.3x0.9x
Wed, 24 Dec 2025AU$27.8bAU$33.8bAU$1.2b22.1x22.4x0.8x
Fri, 21 Nov 2025AU$26.7bAU$33.8bAU$1.2b21.3x21.4x0.8x
Sun, 19 Oct 2025AU$27.7bAU$35.0bAU$1.3b21.8x21.9x0.8x
Tue, 16 Sep 2025AU$26.6bAU$35.0bAU$1.3b20.4x20.9x0.8x
Thu, 14 Aug 2025AU$24.2bAU$34.8bAU$1.3b18.7x18.8x0.7x
Sat, 12 Jul 2025AU$23.3bAU$34.7bAU$1.3b18.2x18x0.7x
Mon, 09 Jun 2025AU$22.1bAU$34.7bAU$1.3b17.1x17x0.6x
Wed, 07 May 2025AU$20.6bAU$34.7bAU$1.3b16.6x15.8x0.6x
Fri, 04 Apr 2025AU$21.1bAU$34.7bAU$1.3b15.7x16.3x0.6x
Sun, 02 Mar 2025AU$22.6bAU$34.7bAU$1.3b16.5x17.3x0.6x
Tue, 28 Jan 2025AU$22.6bAU$34.0bAU$1.2b16.9x19.4x0.7x
Thu, 26 Dec 2024AU$21.7bAU$34.9bAU$1.2b16x18.5x0.6x
Sat, 23 Nov 2024AU$22.2bAU$33.9bAU$1.1b18.5x20.3x0.7x
Mon, 21 Oct 2024AU$22.4bAU$33.9bAU$1.1b19.2x19.9x0.7x
Wed, 18 Sep 2024AU$21.7bAU$34.0bAU$1.1b15.7x19.4x0.6x
Fri, 16 Aug 2024AU$21.0bAU$32.8bAU$953.9m17.8x22x0.6x
Sun, 14 Jul 2024AU$21.0bAU$32.6bAU$942.3m16.1x22.3x0.6x
Tue, 11 Jun 2024AU$20.3bAU$32.6bAU$942.3m15.5x21.5x0.6x
Thu, 09 May 2024AU$20.8bAU$32.6bAU$942.3m14.5x22x0.6x
Sat, 06 Apr 2024AU$20.9bAU$32.3bAU$918.1m14.3x22.8x0.6x
Mon, 04 Mar 2024AU$21.4bAU$32.3bAU$918.1m15x23.3x0.7x
Wed, 31 Jan 2024AU$19.1bAU$30.8bAU$615.4m15.3x31x0.6x
Fri, 29 Dec 2023AU$20.6bAU$30.8bAU$615.4m15.4x33.5x0.7x
Sun, 26 Nov 2023AU$19.6bAU$30.8bAU$615.4m14x31.9x0.6x
Tue, 24 Oct 2023AU$18.9bAU$30.8bAU$615.4m14x30.6x0.6x
Thu, 21 Sep 2023AU$19.5bAU$30.8bAU$615.4m14.6x31.7x0.6x
Sat, 19 Aug 2023AU$19.0bAU$29.1bAU$358.1m15.4x53.1x0.7x
Mon, 17 Jul 2023AU$18.7bAU$28.9bAU$365.8m15x51x0.6x
Wed, 14 Jun 2023AU$18.1bAU$28.9bAU$365.8m14.4x49.4x0.6x
Price to Earnings Ratio

49.4x


Total Market Cap: AU$18.1bTotal Earnings: AU$365.8mTotal Revenue: AU$28.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Construction Industry Price to Earnings3Y Average 24.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian Construction 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 24.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.68x.
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 Market-1.23%
Industrials0.75%
Construction2.56%
Construction and Engineering2.56%
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
SRG SRG GlobalAU$3.8221.7%
+AU$426.1m		153.8%PE43.4x
TEA TasmeaAU$8.2316.7%
+AU$308.5m		167.2%PE45.2x
GNP GenusPlus GroupAU$10.086.1%
+AU$105.3m		193.0%PE39.3x
MGH MAAS Group HoldingsAU$5.324.3%
+AU$79.1m		24.6%PE24.4x
LYL LycopodiumAU$16.058.3%
+AU$48.1m		50.7%PE17.8x

Latest News

MND
AU$30.52
Monadelphous Group
7D
-1.7%
1Y
75.1%
TEA
AU$8.23
Tasmea
7D
16.7%
1Y
167.2%
NWH
AU$7.16
NRW Holdings
7D
-6.2%
1Y
153.9%
Narrative Update • Jun 05

NWH: Infrastructure Contracts And 2026 Meeting Will Support Balanced Outlook

The analyst price target for NRW Holdings has shifted from A$6.59 to A$6.77, with analysts pointing to updated assumptions around discount rates, revenue growth, profit margins, and future P/E as the key drivers behind this revision. What's in the News Fredon, a wholly owned subsidiary of NRW Holdings, secured about A$120 million in new infrastructure contracts across Victoria and Western Australia, according to recent company announcements.
SRG
AU$3.82
SRG Global
7D
21.7%
1Y
153.8%
New Narrative • Jun 04

Long Term Infrastructure And ESG Tailwinds Will Support A$4.2b Work In Hand

Catalysts About SRG Global SRG Global is a diversified infrastructure services company that provides engineering led maintenance, construction and asset lifecycle solutions across multiple sectors in Australia and New Zealand. What are the underlying business or industry changes driving this perspective?
SHA
AU$6.77
SHAPE Australia
7D
-6.7%
1Y
94.5%
VBC
AU$0.16
Verbrec
7D
-5.9%
1Y
119.2%
Narrative Update • Jun 02

VBC: Steady Assumptions And Firm P/E Multiple Will Support Future Upside

Analysts have maintained Verbrec's fair value estimate at A$0.44, making only minor adjustments to assumptions such as the discount rate, revenue growth, profit margin and future P/E that refine rather than significantly change the previous price target view. What's in the News No recent company specific news on Verbrec is available from the provided sources.
MGH
AU$5.32
MAAS Group Holdings
7D
4.3%
1Y
24.6%
Narrative Update • Jun 02

MGH: Steady Fair Value Will Rely On Stable Margins And Assumptions

Analysts have kept their A$5.11 price target for MAAS Group Holdings broadly unchanged, with only small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions driving a marginally adjusted valuation outlook. What's in the News No recent company specific news items for MAAS Group Holdings were identified in the provided sources.
DUR
AU$2.69
Duratec
7D
5.5%
1Y
75.8%
Narrative Update • Jun 01

DUR: Recent Buy Rating And Steady Metrics Will Support Future Upside

Analysts have inched their fair value estimate for Duratec up from A$2.90 to about A$2.90, aligning more closely with a new A$2.91 Street price target after recent coverage initiation that highlights continued share strength, albeit with uneven performance. What's in the News Analysts have set a new Street price target of A$2.91, which is now closely aligned with revised fair value estimates.
LYL
AU$16.05
Lycopodium
7D
8.3%
1Y
50.7%
SSM
AU$2.44
Service Stream
7D
3.0%
1Y
26.1%
GNP
AU$10.08
GenusPlus Group
7D
6.1%
1Y
193.0%
SXE
AU$4.17
Southern Cross Electrical Engineering
7D
2.5%
1Y
149.7%
Narrative Update • May 22

SXE: Future Returns Will Rely On Stable Margins And Consistent P/E

Analysts have adjusted their price target on Southern Cross Electrical Engineering to A$3.59, with the change tied to refreshed assumptions for the discount rate, revenue growth, profit margin and future P/E. These updated assumptions leave the overall fair value estimate unchanged at A$3.59.
SYL
AU$2.65
Symal Group
7D
-2.6%
1Y
59.6%
New Narrative • May 16

Data Center And Renewables Tailwinds Will Support Long Term Earnings Resilience

Catalysts About Symal Group Symal Group is an Australian construction and infrastructure contractor with a diversified presence across data centers, renewables, utilities, defense and community infrastructure. What are the underlying business or industry changes driving this perspective?
BSA
AU$0.29
BSA
7D
-7.8%
1Y
375.8%
FWD
AU$1.67
Fleetwood
7D
-8.3%
1Y
-38.6%
REM
AU$0.031
RemSense Technologies
7D
-3.1%
1Y
-50.0%