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Australian (ASX) Construction Industry Analysis

UpdatedJun 28, 2026
DataAggregated Company Financials
Companies21
  • 7D-0.1%
  • 3M24.6%
  • 1Y48.5%
  • YTD18.4%

Over the last 7 days, the Construction industry has remained flat, although notably Tasmea gained 10%. The past year has been better, since the industry has gained 49% in that time. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Jun 2026AU$32.9bAU$35.4bAU$1.2b26.3x26.4x0.9x
Wed, 27 May 2026AU$31.1bAU$35.4bAU$1.2b23.6x24.9x0.9x
Fri, 24 Apr 2026AU$28.2bAU$35.4bAU$1.2b21.2x22.6x0.8x
Sun, 22 Mar 2026AU$26.5bAU$35.4bAU$1.2b21.4x21.2x0.7x
Tue, 17 Feb 2026AU$27.8bAU$33.7bAU$1.2b22.8x22.4x0.8x
Thu, 15 Jan 2026AU$28.9bAU$33.8bAU$1.2b22.6x23.2x0.9x
Sat, 13 Dec 2025AU$27.1bAU$33.8bAU$1.2b21.5x21.7x0.8x
Mon, 10 Nov 2025AU$26.6bAU$33.8bAU$1.2b22x21.3x0.8x
Wed, 08 Oct 2025AU$27.3bAU$35.0bAU$1.3b21.4x21.5x0.8x
Fri, 05 Sep 2025AU$26.0bAU$35.0bAU$1.3b18.7x20.5x0.7x
Sun, 03 Aug 2025AU$24.0bAU$34.7bAU$1.3b18x18.5x0.7x
Tue, 01 Jul 2025AU$23.2bAU$34.7bAU$1.3b17.8x17.8x0.7x
Thu, 29 May 2025AU$21.7bAU$34.7bAU$1.3b16.6x16.7x0.6x
Sat, 26 Apr 2025AU$20.2bAU$34.7bAU$1.3b15.9x15.5x0.6x
Mon, 24 Mar 2025AU$21.9bAU$34.7bAU$1.3b15.3x16.9x0.6x
Wed, 19 Feb 2025AU$22.7bAU$34.1bAU$1.2b17.5x19.3x0.7x
Fri, 17 Jan 2025AU$21.8bAU$34.0bAU$1.2b15.5x18.7x0.6x
Sun, 15 Dec 2024AU$21.3bAU$34.9bAU$1.2b16x18.2x0.6x
Tue, 12 Nov 2024AU$21.7bAU$33.5bAU$1.1b18.8x19.8x0.6x
Thu, 10 Oct 2024AU$22.2bAU$33.9bAU$1.1b17.5x19.8x0.7x
Sat, 07 Sep 2024AU$20.8bAU$32.9bAU$1.1b15.1x19.7x0.6x
Mon, 05 Aug 2024AU$21.2bAU$32.6bAU$937.5m18.5x22.6x0.7x
Wed, 03 Jul 2024AU$20.6bAU$32.6bAU$942.3m15.8x21.8x0.6x
Fri, 31 May 2024AU$19.9bAU$32.6bAU$942.3m15.4x21.1x0.6x
Sun, 28 Apr 2024AU$20.7bAU$32.6bAU$942.3m14.4x22x0.6x
Tue, 26 Mar 2024AU$21.0bAU$32.3bAU$918.1m13.9x22.8x0.7x
Thu, 22 Feb 2024AU$20.3bAU$31.3bAU$658.9m15.2x30.8x0.6x
Sat, 20 Jan 2024AU$19.5bAU$30.8bAU$615.4m15.3x31.7x0.6x
Mon, 18 Dec 2023AU$19.9bAU$30.8bAU$615.4m14.9x32.4x0.6x
Wed, 15 Nov 2023AU$19.7bAU$30.8bAU$615.4m13.9x32.1x0.6x
Fri, 13 Oct 2023AU$19.6bAU$30.8bAU$615.4m14.5x31.8x0.6x
Sun, 10 Sep 2023AU$19.2bAU$30.8bAU$615.4m14.3x31.2x0.6x
Tue, 08 Aug 2023AU$18.8bAU$28.9bAU$365.8m14.6x51.5x0.7x
Thu, 06 Jul 2023AU$18.2bAU$28.9bAU$365.8m15.4x49.6x0.6x
Price to Earnings Ratio

49.6x


Total Market Cap: AU$18.2bTotal Earnings: AU$365.8mTotal Revenue: AU$28.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Construction Industry Price to Earnings3Y Average 24.1x202420252026
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 24.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.69x.
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-0.91%
Industrials1.16%
Construction-0.13%
Construction and Engineering-0.13%
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
TEA TasmeaAU$9.5710.1%
+AU$230.1m		155.2%PE52.6x
NWH NRW HoldingsAU$7.256.5%
+AU$202.2m		145.8%PE68.3x
MND Monadelphous GroupAU$30.586.7%
+AU$192.2m		74.0%PE28.9x
GNP GenusPlus GroupAU$10.838.3%
+AU$150.7m		181.3%PE42.2x
SSM Service StreamAU$2.683.5%
+AU$55.1m		37.4%PE31x

Latest News

GNP
AU$10.83
GenusPlus Group
7D
8.3%
1Y
181.3%
Narrative Update • Jun 26

GNP: Equity Offering And Revised Assumptions Will Shape A Measured Outlook

Analysts have lifted their fair value estimate for GenusPlus Group from A$5.50 to A$12.00, citing updated assumptions around revenue growth, profit margins, a modestly higher discount rate, and a slightly lower future P/E multiple. What's in the News for GenusPlus Group GenusPlus Group has filed a follow on equity offering totaling A$200.000004 million, according to Key Developments.
SXE
AU$4.71
Southern Cross Electrical Engineering
7D
2.4%
1Y
163.1%
Narrative Update • Jun 25

SXE: Future Returns Will Rely On Capital Raising Execution And Margin Resilience

Analysts have raised their price target for Southern Cross Electrical Engineering from A$3.59 to A$4.89, citing updated assumptions for revenue growth, profit margins, a slightly adjusted discount rate, and a lower future P/E multiple in their valuation work. What’s in the News for Southern Cross Electrical Engineering Southern Cross Electrical Engineering completed a fully underwritten institutional placement, raising A$150 million through the issue of about 37.5 million new shares at A$4.00 each, according to recent news reports.
NWH
AU$7.25
NRW Holdings
7D
6.5%
1Y
145.8%
Narrative Update • Jun 25

NWH: Record Results And Expanded Services Will Support Measured 2026 Outlook

Analysts have slightly raised their price target for NRW Holdings to A$6.98 from A$6.77, citing updated assumptions around revenue growth, profit margins and the P/E multiple used in their forecasts. What's in the News NRW Holdings reported record first half FY2026 results, with revenue up 19.5%, underlying EBITDA up 36.5% and underlying NPAT up 42.3% compared with the prior period.
WOR
AU$10.83
Worley
7D
-11.3%
1Y
-17.2%
Narrative Update • Jun 25

WOR: Energy Transition Backlog Will Support Future Earnings Quality

Analysts have trimmed their price target on Worley by A$9. This reflects updated assumptions around discount rates, margins, and future P/E multiples in recent research.
FWD
AU$1.74
Fleetwood
7D
4.2%
1Y
-31.0%
Narrative Update • Jun 24

FWD: Restructuring And Segment Exit Will Support Future Margin Recovery

Analysts have reduced their Fleetwood price target from A$2.57 to A$2.20, citing a higher discount rate, softer revenue growth expectations, a higher future P/E multiple, and only a modest adjustment to projected profit margins. What’s in the News for Fleetwood Fleetwood plans to exit its RV Solutions segment, including the Camec recreational vehicles business in Australia and New Zealand, following a strategic review of its operations.
DUR
AU$2.67
Duratec
7D
-6.3%
1Y
85.4%
Narrative Update • Jun 23

DUR: Essential Infrastructure Exposure And New Buy Rating Support Balanced Future Upside

Analysts have lifted their Duratec price target from A$2.90 to about A$3.00, citing fresh coverage that highlights the company’s essential infrastructure services exposure and the view that share strength can continue even if performance is mixed. What’s in the News for Duratec Analysts have updated Duratec research coverage, focusing on its exposure to essential infrastructure services and how that positions the company within maintenance and remediation work.
VNT
AU$6.46
Ventia Services Group
7D
-2.0%
1Y
25.9%
Narrative Update • Jun 19

VNT: New Long-Term Contracts And Steady Outlook Will Support Future Performance

Analysts have nudged their price target for Ventia Services Group slightly higher to A$6.17, reflecting modest adjustments to fair value estimates, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News for Ventia Services Group Ventia Services Group secured a Road Maintenance and Renewal Services contract from the Far North District Council in New Zealand for the southern road network, valued at about NZ$125 million over an initial five year term, with options for a further 3 + 2 years, covering pavement, structures, vegetation and roadside assets, with services scheduled to start on July 1, 2026.
MND
AU$30.58
Monadelphous Group
7D
6.7%
1Y
74.0%
Narrative Update • Jun 18

MND: Rich P/E And Brigalow Contract Will Likely Restrain Future Returns

Analysts have lifted their price target for Monadelphous Group stock from A$19.59 to A$19.89, citing updated assumptions around revenue growth, profit margins, and a lower estimated future P/E multiple. What’s in the News for Monadelphous Group Monadelphous Group secured a A$380 million contract from CS Energy to deliver balance of plant construction for the Brigalow Peaking Power Plant near Chinchilla, Queensland, including civil and mechanical works, piping, and installation of 12 aeroderivative gas turbine generator units.
SRG
AU$4.02
SRG Global
7D
1.3%
1Y
135.8%
Narrative Update • Jun 17

SRG: Contract Wins And Guidance Uplift Will Shape Fairly Valued Shares

Analysts have lifted their fair value estimate for SRG Global to about A$3.89 from roughly A$3.34, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples, along with recent Street research including a new A$3.15 target from Goldman Sachs coverage initiation. What’s in the News for SRG Global SRG Global announced A$1.85b in new contract wins across nine sectors, including water infrastructure, defence, energy, industrial services, digital infrastructure and resources, with blue chip clients such as Fortescue, Origin Energy, Alcoa and Queensland’s Gympie Regional Council.
MGH
AU$5.20
MAAS Group Holdings
7D
-3.0%
1Y
23.8%
Narrative Update • Jun 17

MGH: AI Factory Pipeline And Margins Will Support Steady Share Price

Analysts have kept their A$5.11 price target for MAAS Group Holdings unchanged, citing offsetting effects from slightly lower revenue growth assumptions, a modestly lower discount rate, and a small uplift in projected profit margin and future P/E multiples. What’s in the News for MAAS Group Holdings MAAS Group Holdings announced an update on its previously disclosed A$200 million contract with Firmus Technologies for 100MW of capacity at the Launceston AI Factory, delivered through its electrical division, JLE Group.
LYL
AU$18.15
Lycopodium
7D
-1.7%
1Y
76.0%
TEA
AU$9.57
Tasmea
7D
10.1%
1Y
155.2%
Analysis Article • Jun 16

Tasmea (ASX:TEA) Shares Could Be 20% Below Fair Value After Special Dividend

Tasmea special dividend announcement and key dates Tasmea (ASX:TEA) has declared a fully franked special dividend of A$0.10 per share, with the board linking this payout to the company’s financial position and confidence in its current direction. The special dividend goes ex dividend on 10 June 2026, with a record date of 11 June 2026 and payment scheduled for 25 June 2026, timelines investors may track when reviewing Tasmea stock. See our latest analysis for Tasmea. Tasmea’s special dividend...
SSM
AU$2.68
Service Stream
7D
3.5%
1Y
37.4%
EVZ
AU$0.64
EVZ
7D
-8.6%
1Y
296.9%
CVL
AU$1.94
Civmec
7D
-3.0%
1Y
75.9%
SND
AU$1.05
Saunders International
7D
-4.5%
1Y
52.2%