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Australian (ASX) Construction Industry Analysis

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies21
  • 7D-0.09%
  • 3M-4.0%
  • 1Y41.9%
  • YTD0.5%

Over the last 7 days, the Construction industry has remained flat, although notably Civmec gained 12%. The past year has been better, since the industry has gained 42% in that time. Looking forward, 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
Thu, 30 Apr 2026AU$27.9bAU$35.4bAU$1.2b20.6x22.4x0.8x
Sat, 28 Mar 2026AU$26.4bAU$35.4bAU$1.2b20.6x21.2x0.7x
Mon, 23 Feb 2026AU$29.0bAU$34.1bAU$1.3b23x23.1x0.9x
Wed, 21 Jan 2026AU$28.9bAU$33.8bAU$1.2b22.6x23.2x0.9x
Fri, 19 Dec 2025AU$26.8bAU$33.8bAU$1.2b22.5x21.5x0.8x
Sun, 16 Nov 2025AU$27.4bAU$33.8bAU$1.2b21.5x22x0.8x
Tue, 14 Oct 2025AU$27.1bAU$35.0bAU$1.3b21x21.4x0.8x
Thu, 11 Sep 2025AU$25.9bAU$35.0bAU$1.3b18.8x20.4x0.7x
Sat, 09 Aug 2025AU$24.2bAU$34.8bAU$1.3b17.5x18.9x0.7x
Mon, 07 Jul 2025AU$23.1bAU$34.7bAU$1.3b18.1x17.8x0.7x
Wed, 04 Jun 2025AU$21.9bAU$34.7bAU$1.3b16.8x16.9x0.6x
Fri, 02 May 2025AU$20.5bAU$34.7bAU$1.3b16.7x15.8x0.6x
Sun, 30 Mar 2025AU$21.6bAU$34.7bAU$1.3b15.4x16.7x0.6x
Tue, 25 Feb 2025AU$22.4bAU$34.6bAU$1.2b16.4x18.5x0.6x
Thu, 23 Jan 2025AU$22.4bAU$34.0bAU$1.2b16.4x19.2x0.7x
Sat, 21 Dec 2024AU$21.3bAU$34.9bAU$1.2b15.8x18.2x0.6x
Mon, 18 Nov 2024AU$21.7bAU$33.5bAU$1.1b18.1x19.9x0.6x
Wed, 16 Oct 2024AU$22.0bAU$33.5bAU$1.1b19x20.1x0.7x
Fri, 13 Sep 2024AU$21.6bAU$34.0bAU$1.1b15.6x19.4x0.6x
Sun, 11 Aug 2024AU$20.5bAU$32.6bAU$937.5m18x21.8x0.6x
Tue, 09 Jul 2024AU$20.6bAU$32.6bAU$942.3m15.6x21.8x0.6x
Thu, 06 Jun 2024AU$20.1bAU$32.6bAU$942.3m15.1x21.3x0.6x
Sat, 04 May 2024AU$20.4bAU$32.6bAU$942.3m14.4x21.6x0.6x
Mon, 01 Apr 2024AU$21.2bAU$32.3bAU$918.1m14.3x23.1x0.7x
Wed, 28 Feb 2024AU$20.3bAU$31.5bAU$696.8m14.5x29.2x0.6x
Fri, 26 Jan 2024AU$19.2bAU$30.8bAU$615.4m15.1x31.2x0.6x
Sun, 24 Dec 2023AU$20.4bAU$30.8bAU$615.4m15.2x33.1x0.7x
Tue, 21 Nov 2023AU$19.6bAU$30.8bAU$615.4m14.2x31.8x0.6x
Thu, 19 Oct 2023AU$19.5bAU$30.8bAU$615.4m14.6x31.7x0.6x
Sat, 16 Sep 2023AU$19.2bAU$30.8bAU$615.4m14.1x31.3x0.6x
Mon, 14 Aug 2023AU$19.2bAU$28.9bAU$365.8m14.7x52.6x0.7x
Wed, 12 Jul 2023AU$18.1bAU$28.9bAU$365.8m15x49.4x0.6x
Fri, 09 Jun 2023AU$18.4bAU$28.9bAU$365.8m14.5x50.3x0.6x
Sun, 07 May 2023AU$17.9bAU$28.9bAU$365.8m15.1x49x0.6x
Price to Earnings Ratio

49x


Total Market Cap: AU$17.9bTotal Earnings: AU$365.8mTotal Revenue: AU$28.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Construction Industry Price to Earnings3Y Average 25.4x202420252026
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 22.4x which is lower than its 3-year average PE of 25.4x.
  • 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 Market-2.58%
Industrials-1.86%
Construction-0.092%
Construction and Engineering-0.092%
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
CVL CivmecAU$1.6011.9%
+AU$86.6m		85.5%PE21.7x
TEA TasmeaAU$5.595.3%
+AU$73.2m		110.2%PE30.7x
SXE Southern Cross Electrical EngineeringAU$3.727.5%
+AU$69.2m		98.9%PE365.3x
GNP GenusPlus GroupAU$9.103.3%
+AU$52.6m		227.3%PE35.5x
WOR WorleyAU$11.710.8%
+AU$44.1m		-5.9%PE16.6x

Latest News

GNP
AU$9.10
GenusPlus Group
7D
3.3%
1Y
227.3%
WOR
AU$11.71
Worley
7D
0.8%
1Y
-5.9%

WOR: Extended Buyback And Margin Resilience Will Support Future Earnings Quality

Narrative Update on Worley The analyst price target for Worley has been reduced from about A$14.52 to A$13.64, with analysts pointing to weaker underlying results, higher restructure costs and slightly lower assumptions for growth, margins and future P/E multiples as key drivers of the change. Analyst Commentary Recent research views on Worley have shifted more cautiously, with price targets reduced and ratings pulled back after the latest results and guidance.
SHA
AU$6.00
SHAPE Australia
7D
-8.0%
1Y
87.5%

SHA: Upcoming Fully Franked Dividend Will Support Attractive Future Returns

Analysts have kept their A$8.25 price target for SHAPE Australia unchanged, citing only minor adjustments to inputs such as discount rate, revenue growth, profit margin and future P/E that do not materially alter their valuation view. What's in the News SHAPE Australia Corporation Limited declared a fully franked ordinary dividend of A$0.14 per share for the six months ended December 31, 2025, providing investors with clarity on the upcoming income payment schedule (Key Developments).
DUR
AU$2.86
Duratec
7D
0.4%
1Y
66.8%

DUR: Refined Margins And Higher Future P/E Will Likely Support Fair Value

Duratec's analyst price target has been updated from A$2.53 to A$2.90. Analysts point to refreshed assumptions for revenue growth, profit margins and future P/E as key drivers of the change.
NWH
AU$6.01
NRW Holdings
7D
-4.5%
1Y
121.8%

NWH: Dividend And 2026 Meeting Outlook Will Support Balanced Fair Value

Analysts have made a small upward move in their price target for NRW Holdings to A$6.59 from A$6.56, citing updated assumptions around revenue growth, profit margins, and future P/E levels. What's in the News NRW Holdings has scheduled a special or extraordinary shareholders meeting for April 28, 2026, at Corrs Chambers Westgarth, St Georges Terrace in Perth, Australia (company announcement).
MGH
AU$4.52
MAAS Group Holdings
7D
-7.4%
1Y
14.4%

MGH: Share Buyback Plan And Refined Assumptions Will Support Fair Pricing

Analysts have nudged their price target for MAAS Group Holdings slightly higher to A$5.11 from A$5.03, citing modest tweaks to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News The board of MAAS Group Holdings authorized a share buyback plan on February 3, 2026, signaling approval for repurchases over a defined period (Key Developments).
SRG
AU$2.85
SRG Global
7D
-3.1%
1Y
120.9%

SRG: Future Returns Will Reflect Index Entry And Fully Franked Dividend

Narrative Update on SRG Global Analysts have kept SRG Global's fair value estimate steady at A$3.19, with only very small adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E, helping to refine rather than materially change their overall price target view. What’s in the News SRG Global Limited (ASX:SRG) has been added to the S&P/ASX 200 Industrials Sector Index, reflecting its inclusion in this sector benchmark (Key Developments).
MND
AU$28.70
Monadelphous Group
7D
-1.1%
1Y
77.8%

MND: Upcoming Franked Dividend Will Support A$37 Fair Value Confidence

Analysts now hold Monadelphous Group's fair value steady at A$37.00. Small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions underpin this unchanged price target view.
SXE
AU$3.72
Southern Cross Electrical Engineering
7D
7.5%
1Y
98.9%

SXE: Future Returns Will Depend On Stable Margins And Consistent Earnings Multiple

Analysts have kept their A$3.59 price target for Southern Cross Electrical Engineering unchanged, citing only small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, which they view as too minor on their own to justify a new target level. Valuation Changes Fair Value: A$3.59 is unchanged, indicating no revision to the central valuation estimate.
VNT
AU$5.27
Ventia Services Group
7D
-1.3%
1Y
24.3%

VNT: Expanded Buyback And Long-Dated Contracts Will Support Future Returns

Analysts have nudged their price target for Ventia Services Group slightly lower to A$6.11 from A$6.12, reflecting small tweaks to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. 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, following the original buyback announced on 19 February 2025 (Key Developments).
TEA
AU$5.59
Tasmea
7D
5.3%
1Y
110.2%
SYL
AU$2.37
Symal Group
7D
-2.5%
1Y
61.2%
SSM
AU$1.95
Service Stream
7D
-1.3%
1Y
4.3%
CVL
AU$1.60
Civmec
7D
11.9%
1Y
85.5%
BSA
AU$0.35
BSA
7D
11.1%
1Y
407.2%
EVZ
AU$0.35
EVZ
7D
4.4%
1Y
129.0%