Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Construction Industry Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies21
  • 7D0.5%
  • 3M-3.3%
  • 1Y26.4%
  • YTD-5.3%

Last week, the Construction industry hasn't moved much but Worley is up 5.2% in that time. As for the the longer term, the industry is up 26% 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, 20 Mar 2026AU$26.4bAU$35.4bAU$1.2b21.5x21.2x0.7x
Sun, 15 Feb 2026AU$27.4bAU$33.7bAU$1.2b22.8x22.1x0.8x
Tue, 13 Jan 2026AU$28.6bAU$33.8bAU$1.2b22.6x23x0.8x
Thu, 11 Dec 2025AU$26.8bAU$33.8bAU$1.2b21.4x21.5x0.8x
Sat, 08 Nov 2025AU$26.6bAU$33.8bAU$1.2b22x21.3x0.8x
Mon, 06 Oct 2025AU$27.2bAU$35.0bAU$1.3b20.9x21.4x0.8x
Wed, 03 Sep 2025AU$25.9bAU$35.0bAU$1.3b18.5x20.4x0.7x
Fri, 01 Aug 2025AU$24.0bAU$34.7bAU$1.3b18.1x18.4x0.7x
Sun, 29 Jun 2025AU$23.0bAU$34.7bAU$1.3b17.8x17.7x0.7x
Tue, 27 May 2025AU$21.8bAU$34.7bAU$1.3b16.5x16.8x0.6x
Thu, 24 Apr 2025AU$20.0bAU$34.7bAU$1.3b15.8x15.4x0.6x
Sat, 22 Mar 2025AU$21.9bAU$34.7bAU$1.3b15.3x16.9x0.6x
Mon, 17 Feb 2025AU$22.8bAU$34.0bAU$1.2b17.1x19.6x0.7x
Wed, 15 Jan 2025AU$21.9bAU$34.0bAU$1.2b15.4x18.8x0.6x
Fri, 13 Dec 2024AU$21.0bAU$34.9bAU$1.2b15.5x17.9x0.6x
Sun, 10 Nov 2024AU$21.8bAU$33.5bAU$1.1b18.5x20x0.7x
Tue, 08 Oct 2024AU$21.7bAU$33.6bAU$1.1b16.4x20x0.6x
Thu, 05 Sep 2024AU$20.8bAU$32.9bAU$1.1b15.1x19.8x0.6x
Sat, 03 Aug 2024AU$21.2bAU$32.6bAU$937.5m18.5x22.6x0.7x
Mon, 01 Jul 2024AU$20.6bAU$32.6bAU$942.3m15.9x21.9x0.6x
Wed, 29 May 2024AU$20.5bAU$32.6bAU$942.3m15.4x21.7x0.6x
Fri, 26 Apr 2024AU$20.9bAU$32.3bAU$918.1m15.3x22.7x0.6x
Sun, 24 Mar 2024AU$21.0bAU$32.3bAU$918.1m14.1x22.8x0.7x
Tue, 20 Feb 2024AU$20.2bAU$30.8bAU$639.8m15.5x31.5x0.7x
Thu, 18 Jan 2024AU$19.5bAU$30.8bAU$615.4m15.1x31.8x0.6x
Sat, 16 Dec 2023AU$19.9bAU$30.8bAU$615.4m14.9x32.4x0.6x
Mon, 13 Nov 2023AU$19.2bAU$30.8bAU$615.4m14x31.2x0.6x
Wed, 11 Oct 2023AU$19.3bAU$30.8bAU$615.4m14.3x31.4x0.6x
Fri, 08 Sep 2023AU$19.2bAU$30.8bAU$615.4m14.5x31.2x0.6x
Sun, 06 Aug 2023AU$18.9bAU$28.9bAU$365.8m14.9x51.6x0.7x
Tue, 04 Jul 2023AU$18.1bAU$28.9bAU$365.8m15.3x49.5x0.6x
Thu, 01 Jun 2023AU$18.2bAU$28.9bAU$365.8m15.3x49.8x0.6x
Sat, 29 Apr 2023AU$17.6bAU$28.9bAU$365.8m14.7x48.2x0.6x
Mon, 27 Mar 2023AU$9.0bAU$18.5bAU$371.8m14.8x24.2x0.5x
Price to Earnings Ratio

24.2x


Total Market Cap: AU$9.0bTotal Earnings: AU$371.8mTotal Revenue: AU$18.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Construction Industry Price to Earnings3Y Average 26.1x202420252026
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 21.2x which is lower than its 3-year average PE of 26.1x.
  • 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 24% 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-1.91%
Industrials-1.86%
Construction0.47%
Construction and Engineering0.47%
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
WOR WorleyAU$10.475.2%
+AU$250.1m		-29.7%PE15x
VNT Ventia Services GroupAU$5.715.0%
+AU$220.6m		38.6%PE17.2x
TEA TasmeaAU$4.305.1%
+AU$54.7m		72.7%PE23.5x
GNP GenusPlus GroupAU$7.751.0%
+AU$14.5m		169.1%PE30.2x
SHA SHAPE AustraliaAU$6.642.0%
+AU$10.8m		121.3%PE21.5x

Latest News

GNP
AU$7.75
GenusPlus Group
7D
1.0%
1Y
169.1%

GNP: Higher Revenue Assumptions And Margin Gains Will Support Future Upside

Analysts have lifted their price target for GenusPlus Group from A$8.94 to A$9.50, citing updated assumptions for revenue growth, profit margins and a slightly lower discount rate, alongside a modestly reduced future P/E multiple. Valuation Changes Fair Value: A$8.94 to A$9.50, indicating a modest uplift in the central valuation estimate.
SSM
AU$1.97
Service Stream
7D
0.5%
1Y
11.0%
FWD
AU$1.68
Fleetwood
7D
-18.3%
1Y
-26.2%
CVL
AU$1.54
Civmec
7D
-4.9%
1Y
63.8%
NWH
AU$5.44
NRW Holdings
7D
-5.7%
1Y
88.9%
LYL
AU$14.13
Lycopodium
7D
1.2%
1Y
36.5%
WOR
AU$10.47
Worley
7D
5.2%
1Y
-29.7%
SYL
AU$2.48
Symal Group
7D
1.2%
1Y
37.0%
DUR
AU$2.27
Duratec
7D
-3.4%
1Y
38.4%

DUR: Lower Discount Rate And Higher P/E Multiple Will Shape Balanced Outlook

Analysts have lifted their price target on Duratec to A$2.21 from A$2.15, reflecting updated views on its fair value and revised assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. Valuation Changes Fair Value: A$2.15 to A$2.21, a small uplift in the assessed valuation per share.
SHA
AU$6.64
SHAPE Australia
7D
2.0%
1Y
121.3%

SHA: Fully Franked Dividend Will Support Fair Value And Earnings Multiple

Analysts have trimmed their price target on SHAPE Australia to A$7.97. This reflects a slightly lower discount rate and marginally adjusted long term assumptions for revenue growth, profit margins and forward P/E multiples.
SXE
AU$3.00
Southern Cross Electrical Engineering
7D
-1.3%
1Y
96.7%
SRG
AU$2.43
SRG Global
7D
-5.4%
1Y
104.2%

SRG: Future Returns Will Reflect Growing Fully Franked Dividend Support

Analysts have kept their A$3.19 price target for SRG Global unchanged, citing stable fair value, only slight adjustments to the discount rate and growth assumptions, and a largely consistent forward P/E outlook. What's in the News SRG Global declared an interim fully franked dividend of A$0.03 per share for the six months ended 31 December 2025, compared with 2.5 cents per share fully franked for the prior comparable period (Key Developments).
VBC
AU$0.19
Verbrec
7D
-13.6%
1Y
131.7%

VBC: Small Holding Buyback And Low Forward P/E Will Support Upside

Narrative Update on Verbrec The analyst price target for Verbrec has been reset in line with a much lower forward P/E of about 2.5x. Analysts link this change to higher modelled revenue growth of roughly 29% and a reduced profit margin assumption of about 5.5%, while fair value remains anchored around A$0.44.
VNT
AU$5.71
Ventia Services Group
7D
5.0%
1Y
38.6%

VNT: Buybacks And Government Contracts Will Support Steady Earnings And Fair Value

Analysts have lifted their price target for Ventia Services Group from A$5.88 to A$6.12, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. 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 program to 5 March 2027.
TEA
AU$4.30
Tasmea
7D
5.1%
1Y
72.7%
MGH
AU$4.77
MAAS Group Holdings
7D
-5.5%
1Y
18.1%