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Australian (ASX) Construction Industry Analysis

UpdatedJan 17, 2026
DataAggregated Company Financials
Companies20
  • 7D4.1%
  • 3M11.5%
  • 1Y42.4%
  • YTD6.6%

In the last week, the Construction industry is up 4.1%, with Monadelphous Group leading the way, up 10%. This takes the industry's 12 month performance to a gain of 42%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Jan 2026AU$29.6bAU$33.8bAU$1.2b22.6x23.8x0.9x
Mon, 15 Dec 2025AU$27.0bAU$33.8bAU$1.2b21.5x21.7x0.8x
Wed, 12 Nov 2025AU$27.6bAU$33.8bAU$1.2b21.5x22.1x0.8x
Fri, 10 Oct 2025AU$27.6bAU$35.0bAU$1.3b21.7x21.7x0.8x
Sun, 07 Sep 2025AU$26.3bAU$35.0bAU$1.3b18.8x20.7x0.7x
Tue, 05 Aug 2025AU$23.8bAU$34.7bAU$1.3b17.9x18.3x0.7x
Thu, 03 Jul 2025AU$23.0bAU$34.7bAU$1.3b17.8x17.7x0.7x
Sat, 31 May 2025AU$21.9bAU$34.7bAU$1.3b16.7x16.8x0.6x
Mon, 28 Apr 2025AU$20.2bAU$34.7bAU$1.3b16x15.5x0.6x
Wed, 26 Mar 2025AU$21.7bAU$34.7bAU$1.3b15x16.7x0.6x
Fri, 21 Feb 2025AU$22.9bAU$34.5bAU$1.2b16.9x19.1x0.7x
Sun, 19 Jan 2025AU$21.9bAU$34.0bAU$1.2b15.6x18.8x0.6x
Tue, 17 Dec 2024AU$20.9bAU$34.9bAU$1.2b15.5x17.8x0.6x
Thu, 14 Nov 2024AU$21.7bAU$33.5bAU$1.1b18.2x19.9x0.6x
Sat, 12 Oct 2024AU$22.3bAU$33.9bAU$1.1b18.2x19.8x0.7x
Mon, 09 Sep 2024AU$21.2bAU$34.0bAU$1.1b14.9x19x0.6x
Wed, 07 Aug 2024AU$20.3bAU$32.6bAU$937.5m17.6x21.7x0.6x
Fri, 05 Jul 2024AU$20.6bAU$32.6bAU$942.3m15.8x21.8x0.6x
Sun, 02 Jun 2024AU$20.2bAU$32.6bAU$942.3m15.8x21.4x0.6x
Tue, 30 Apr 2024AU$20.6bAU$32.3bAU$918.1m15.4x22.5x0.6x
Thu, 28 Mar 2024AU$21.0bAU$32.3bAU$918.1m14.1x22.9x0.7x
Sat, 24 Feb 2024AU$20.6bAU$31.5bAU$694.2m15.2x29.6x0.7x
Mon, 22 Jan 2024AU$19.5bAU$30.8bAU$615.4m15.3x31.7x0.6x
Wed, 20 Dec 2023AU$20.2bAU$30.8bAU$615.4m15.2x32.8x0.7x
Fri, 17 Nov 2023AU$19.8bAU$30.8bAU$615.4m14.2x32.2x0.6x
Sun, 15 Oct 2023AU$19.6bAU$30.8bAU$615.4m14.2x31.8x0.6x
Tue, 12 Sep 2023AU$19.3bAU$30.8bAU$615.4m14.1x31.3x0.6x
Thu, 10 Aug 2023AU$18.9bAU$28.9bAU$365.8m14.6x51.7x0.7x
Sat, 08 Jul 2023AU$17.9bAU$28.9bAU$365.8m15.1x49x0.6x
Mon, 05 Jun 2023AU$18.3bAU$28.9bAU$365.8m14.9x50x0.6x
Wed, 03 May 2023AU$17.8bAU$28.9bAU$365.8m15.2x48.7x0.6x
Fri, 31 Mar 2023AU$9.4bAU$18.5bAU$371.8m14.9x25.2x0.5x
Sun, 26 Feb 2023AU$9.3bAU$18.6bAU$407.8m15x22.7x0.5x
Tue, 24 Jan 2023AU$9.5bAU$16.9bAU$291.1m18.4x32.6x0.6x
Price to Earnings Ratio

32.6x


Total Market Cap: AU$9.5bTotal Earnings: AU$291.1mTotal Revenue: AU$16.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Construction Industry Price to Earnings3Y Average 26.5x202420252026
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 23.8x which is lower than its 3-year average PE of 26.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 62% per year over the last three years.
  • Revenues for these companies have grown 26% 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 Market1.95%
Industrials1.81%
Construction4.05%
Construction and Engineering4.05%
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
MND Monadelphous GroupAU$29.9910.5%
+AU$284.1m		110.6%PE35.8x
VNT Ventia Services GroupAU$6.374.8%
+AU$239.6m		72.6%PE20.8x
NWH NRW HoldingsAU$5.626.8%
+AU$165.4m		62.4%PE93.3x
GNP GenusPlus GroupAU$7.0710.6%
+AU$123.4m		168.8%PE36.3x
TEA TasmeaAU$4.5511.5%
+AU$122.3m		50.7%PE22.3x

Latest News

WOR
AU$13.22
Worley
7D
1.1%
1Y
-6.3%

WOR: Updated FY2026 Guidance Will Support A More Positive Outlook

Analysts have reduced their price target for Worley to A$16.51 from A$17.01, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E multiples. What's in the News Worley issued new earnings guidance for the full year 2026, giving investors an updated view on expected performance.
SRG
AU$3.13
SRG Global
7D
4.3%
1Y
126.8%

Does SRG Global (ASX:SRG) Deserve A Spot On Your Watchlist?

Jan 14
Does SRG Global (ASX:SRG) Deserve A Spot On Your Watchlist?
SND
AU$0.88
Saunders International
7D
-1.1%
1Y
-12.0%

The Price Is Right For Saunders International Limited (ASX:SND)

Jan 13
The Price Is Right For Saunders International Limited (ASX:SND)
NWH
AU$5.62
NRW Holdings
7D
6.8%
1Y
62.4%

NWH: Earnings Outlook And Dividend Will Continue To Support Fair Value

Narrative Update Overview The analyst price target for NRW Holdings has been revised slightly higher to A$5.23 from A$5.23. Analysts point to small updates in discount rate assumptions, revenue growth expectations, profit margin estimates and future P/E inputs as the main drivers of the change.
SHA
AU$6.38
SHAPE Australia
7D
-2.0%
1Y
120.0%

SHA: Steady Assumptions Suggest Future Earnings Multiple Will Sustain Fair Value

Analysts have maintained their price target for SHAPE Australia at A$7.15. This reflects only marginal adjustments to inputs such as the discount rate, revenue growth, profit margin, and assumed future P/E, which they view as broadly offsetting each other in the current valuation work.
MGH
AU$5.61
MAAS Group Holdings
7D
-3.4%
1Y
21.4%

MGH: Lower Discount Rate Will Still Leave Shares Looking Overvalued

Analysts have raised their price target for MAAS Group Holdings to A$5.28 from A$5.21, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. Valuation Changes Fair Value: fair value per share has moved slightly higher, from A$5.21 to A$5.28.
MND
AU$29.99
Monadelphous Group
7D
10.5%
1Y
110.6%

MND: Acquisition Push For Resilience Will Likely Sustain Downside Risk

Analysts have kept their fair value estimate for Monadelphous Group steady at A$23.39 per share, with only very small tweaks to assumptions such as the discount rate, revenue growth, profit margin and future P/E informing the updated price target narrative. What's in the News Monadelphous Group plans to look for acquisitions, with management indicating an intention to pursue targeted acquisition opportunities to support long term growth (Key Developments).
VNT
AU$6.37
Ventia Services Group
7D
4.8%
1Y
72.6%

An Intrinsic Calculation For Ventia Services Group Limited (ASX:VNT) Suggests It's 31% Undervalued

Jan 09
An Intrinsic Calculation For Ventia Services Group Limited (ASX:VNT) Suggests It's 31% Undervalued
CVL
AU$1.63
Civmec
7D
-2.7%
1Y
21.7%
GNP
AU$7.07
GenusPlus Group
7D
10.6%
1Y
168.8%

GNP: Index Inclusion And Stable Metrics Will Support Balanced Future Share Performance

Analysts have maintained their fair value estimate for GenusPlus Group at A$6.50, citing only minor technical adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions that do not materially change their overall price target view. Valuation Changes Fair Value Estimate: unchanged at A$6.50 per share.
SYL
AU$3.43
Symal Group
7D
5.9%
1Y
98.8%
TEA
AU$4.55
Tasmea
7D
11.5%
1Y
50.7%
BSA
AU$0.15
BSA
7D
-6.1%
1Y
-84.5%