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Australian (ASX) Construction Industry Analysis

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies21
  • 7D2.5%
  • 3M-2.4%
  • 1Y45.6%
  • YTD1.9%

The Construction industry is up 2.5% in the last week, with GenusPlus Group up 15%. This means that the industry has gained 46% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Apr 2026AU$28.3bAU$35.4bAU$1.2b20.1x22.7x0.8x
Tue, 24 Mar 2026AU$26.1bAU$35.4bAU$1.2b21.5x20.9x0.7x
Thu, 19 Feb 2026AU$28.1bAU$33.8bAU$1.2b22.8x22.5x0.8x
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
Price to Earnings Ratio

48.7x


Total Market Cap: AU$17.8bTotal Earnings: AU$365.8mTotal Revenue: AU$28.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Construction Industry Price to Earnings3Y Average 25.5x202420252026
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 22.7x which is lower than its 3-year average PE of 25.5x.
  • 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-1.69%
Industrials0.29%
Construction2.46%
Construction and Engineering2.46%
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
GNP GenusPlus GroupAU$9.2014.7%
+AU$214.2m		240.7%PE35.9x
VNT Ventia Services GroupAU$5.373.7%
+AU$155.4m		27.9%PE16.1x
TEA TasmeaAU$5.627.3%
+AU$99.4m		120.4%PE30.9x
SXE Southern Cross Electrical EngineeringAU$3.689.2%
+AU$82.5m		101.6%PE361.3x
SYL Symal GroupAU$2.4111.6%
+AU$59.8m		54.0%PE12x

Latest News

MGH
AU$4.69
MAAS Group Holdings
7D
-1.7%
1Y
21.8%

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$2.94
SRG Global
7D
-0.3%
1Y
127.9%

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).
SHA
AU$6.20
SHAPE Australia
7D
-2.5%
1Y
106.7%
WOR
AU$11.88
Worley
7D
0.5%
1Y
-2.4%
MND
AU$28.90
Monadelphous Group
7D
2.0%
1Y
89.1%

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$3.68
Southern Cross Electrical Engineering
7D
9.2%
1Y
101.6%

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$5.37
Ventia Services Group
7D
3.7%
1Y
27.9%

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).
GNP
AU$9.20
GenusPlus Group
7D
14.7%
1Y
240.7%

GNP: Index Removal And Steady Assumptions Will Support Future Upside

Analysts have kept their price target for GenusPlus Group broadly steady at around A$9.50, citing only minor adjustments to inputs such as the discount rate, expected revenue growth, profit margin and future P/E assumptions. What's in the News GenusPlus Group Ltd was removed from the S&P/ASX Emerging Companies Index.
DUR
AU$2.90
Duratec
7D
-0.3%
1Y
75.8%

Dependence On Defence Megaprojects Will Strain Margins And Limit Earnings Resilience

Catalysts About Duratec Duratec is an Australian specialist contractor focused on asset integrity, remediation and maintenance services across Defence, Mining & Industrial, Energy, Building & Facade and Marine, Transport and Water infrastructure sectors. What are the underlying business or industry changes driving this perspective?
NWH
AU$6.16
NRW Holdings
7D
1.0%
1Y
136.9%

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

Analysts have slightly reduced their price target for NRW Holdings, with fair value moving from A$6.64 to A$6.56. This change reflects updated assumptions on revenue growth, profit margins and future P/E multiples.
TEA
AU$5.62
Tasmea
7D
7.3%
1Y
120.4%
AJL
AU$0.011
AJ Lucas Group
7D
-8.3%
1Y
120.0%
SYL
AU$2.41
Symal Group
7D
11.6%
1Y
54.0%
SSM
AU$1.97
Service Stream
7D
-1.3%
1Y
8.0%
FWD
AU$1.65
Fleetwood
7D
-2.4%
1Y
-38.8%
SND
AU$0.82
Saunders International
7D
-3.5%
1Y
-0.6%