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Australian (ASX) Construction Industry Analysis

UpdatedJul 27, 2026
DataAggregated Company Financials
Companies22
  • 7D0.3%
  • 3M10.2%
  • 1Y38.9%
  • YTD11.7%

Over the last 7 days, the Construction industry has remained flat, although notably NRW Holdings gained 7.5%. As for the the longer term, the industry is up 39% over the past 12 months. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Jul 2026AU$32.3bAU$37.1bAU$1.3b23.6x24.5x0.9x
Wed, 24 Jun 2026AU$33.5bAU$35.4bAU$1.2b27x26.9x0.9x
Fri, 22 May 2026AU$30.2bAU$35.4bAU$1.2b24.5x24.2x0.9x
Sun, 19 Apr 2026AU$27.6bAU$35.4bAU$1.2b20.6x22.2x0.8x
Tue, 17 Mar 2026AU$26.0bAU$35.4bAU$1.2b21.4x20.8x0.7x
Thu, 12 Feb 2026AU$28.4bAU$33.8bAU$1.2b23.7x22.8x0.8x
Sat, 10 Jan 2026AU$28.4bAU$33.8bAU$1.2b22.4x22.8x0.8x
Mon, 08 Dec 2025AU$27.5bAU$33.8bAU$1.2b22x22.1x0.8x
Wed, 05 Nov 2025AU$27.1bAU$33.8bAU$1.2b22.5x21.8x0.8x
Fri, 03 Oct 2025AU$26.9bAU$35.0bAU$1.3b20.8x21.3x0.8x
Sun, 31 Aug 2025AU$26.2bAU$35.1bAU$1.3b18.5x20.3x0.7x
Tue, 29 Jul 2025AU$23.7bAU$34.7bAU$1.3b18x18.2x0.7x
Thu, 26 Jun 2025AU$22.8bAU$34.7bAU$1.3b17.8x17.5x0.7x
Sat, 24 May 2025AU$21.9bAU$34.7bAU$1.3b16.7x16.9x0.6x
Mon, 21 Apr 2025AU$19.8bAU$34.7bAU$1.3b15.3x15.2x0.6x
Wed, 19 Mar 2025AU$21.7bAU$34.7bAU$1.3b14.9x16.7x0.6x
Fri, 14 Feb 2025AU$22.8bAU$34.0bAU$1.2b17.2x19.5x0.7x
Sun, 12 Jan 2025AU$21.8bAU$34.0bAU$1.2b16.3x18.7x0.6x
Tue, 10 Dec 2024AU$21.9bAU$34.9bAU$1.2b16.1x18.7x0.6x
Thu, 07 Nov 2024AU$21.7bAU$33.5bAU$1.1b18.6x19.9x0.6x
Sat, 05 Oct 2024AU$22.1bAU$34.0bAU$1.1b16.6x19.8x0.7x
Mon, 02 Sep 2024AU$21.4bAU$32.9bAU$1.1b15.4x20.3x0.6x
Wed, 31 Jul 2024AU$21.4bAU$32.6bAU$937.5m18.9x22.8x0.7x
Fri, 28 Jun 2024AU$20.4bAU$32.6bAU$942.3m15.7x21.6x0.6x
Sun, 26 May 2024AU$20.2bAU$32.6bAU$942.3m14.9x21.4x0.6x
Tue, 23 Apr 2024AU$20.5bAU$32.3bAU$918.1m14.9x22.3x0.6x
Thu, 21 Mar 2024AU$21.0bAU$32.3bAU$918.1m14.3x22.8x0.6x
Sat, 17 Feb 2024AU$19.9bAU$30.8bAU$639.3m15.6x31.1x0.6x
Mon, 15 Jan 2024AU$19.8bAU$30.8bAU$615.4m15x32.2x0.6x
Wed, 13 Dec 2023AU$19.5bAU$30.8bAU$615.4m14.7x31.7x0.6x
Fri, 10 Nov 2023AU$19.4bAU$30.8bAU$615.4m14.3x31.4x0.6x
Sun, 08 Oct 2023AU$19.0bAU$30.8bAU$615.4m14x30.8x0.6x
Tue, 05 Sep 2023AU$19.7bAU$30.8bAU$615.4m15.1x32x0.6x
Thu, 03 Aug 2023AU$19.0bAU$28.9bAU$365.8m15x51.9x0.7x
Price to Earnings Ratio

51.9x


Total Market Cap: AU$19.0bTotal Earnings: AU$365.8mTotal Revenue: AU$28.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Construction Industry Price to Earnings3Y Average 23.4x202420252026
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 23.4x.
  • 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 53% per year over the last three years.
  • Revenues for these companies have grown 8.7% 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-0.36%
Industrials-1.57%
Construction0.35%
Construction and Engineering0.35%
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
NWH NRW HoldingsAU$7.327.5%
+AU$234.3m		128.0%PE69x
SXE Southern Cross Electrical EngineeringAU$4.593.4%
+AU$46.1m		161.5%PE520.7x
CVL CivmecAU$1.784.4%
+AU$38.2m		47.9%PE24.1x
SHA SHAPE AustraliaAU$6.734.8%
+AU$25.9m		63.7%PE21.8x
SYL Symal GroupAU$2.761.1%
+AU$7.2m		56.8%PE13.7x

Latest News

LYL
AU$18.64
Lycopodium
7D
-0.9%
1Y
58.4%
MGH
AU$5.38
MAAS Group Holdings
7D
-1.5%
1Y
30.6%
New Narrative • Jul 25

Electrical Infrastructure And AI Power Exposure Will Test This Bullish Story

Catalysts About MAAS Group Holdings MAAS Group Holdings operates civil construction and hire, electrical and modular power systems, and residential and commercial property development businesses with a focus on capital recycling. What are the underlying business or industry changes driving this perspective?
WOR
AU$10.65
Worley
7D
-1.1%
1Y
-19.7%
Narrative Update • Jul 23

WOR: Higher Discount Rate And Thinner Margins Will Pressure Future Returns

Analysts have lowered their price target on Worley to A$9.70 from A$13.80, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples that align with more subdued expectations reflected in recent sector research. What’s in the News for Worley No recent company specific news items have been identified for Worley based on the sources provided.
SXE
AU$4.59
Southern Cross Electrical Engineering
7D
3.4%
1Y
161.5%
GNP
AU$9.16
GenusPlus Group
7D
0.3%
1Y
103.6%
FDC
AU$3.39
FDC Consolidated Holdings
7D
0.3%
1Y
n/a
TEA
AU$8.96
Tasmea
7D
-3.4%
1Y
162.0%
NWH
AU$7.32
NRW Holdings
7D
7.5%
1Y
128.0%
Narrative Update • Jul 09

nan

Analysts have lifted their price target for NRW Holdings to A$6.30 from A$4.52, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that together support a higher assessed fair value. What’s in the News for NRW Holdings No recent company specific news items for NRW Holdings have been provided in the available sources.
DUR
AU$2.28
Duratec
7D
0.9%
1Y
59.4%
Narrative Update • Jul 07

DUR: New Buy Rating Will Support Rerated Earnings Multiple Going Forward

Duratec's consensus analyst price target has shifted from A$2.15 to A$2.85, with analysts pointing to updated views on fair value, discount rates, growth and margins following new coverage and sector commentary. What’s in the News for Duratec No recent Duratec specific news items were identified in the provided sources.
VNT
AU$5.97
Ventia Services Group
7D
-2.9%
1Y
16.6%
CVL
AU$1.78
Civmec
7D
4.4%
1Y
47.9%
SHA
AU$6.73
SHAPE Australia
7D
4.8%
1Y
63.7%
SYL
AU$2.76
Symal Group
7D
1.1%
1Y
56.8%
MND
AU$29.30
Monadelphous Group
7D
-1.1%
1Y
52.8%
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$3.48
SRG Global
7D
-1.1%
1Y
114.8%
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.
SSM
AU$2.43
Service Stream
7D
-5.4%
1Y
25.9%