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Australian (ASX) Construction Industry Analysis

UpdatedAug 23, 2026
DataAggregated Company Financials
Companies22
  • 7D1.7%
  • 3M6.5%
  • 1Y36.3%
  • YTD17.1%

In the last week, the Construction industry is up 1.7%, with NRW Holdings up 9.5%. This means that the industry has gained 36% over the past year. 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
Mon, 24 Aug 2026AU$34.0bAU$37.7bAU$1.5b24.8x23.4x0.9x
Wed, 22 Jul 2026AU$32.7bAU$37.1bAU$1.3b24x24.8x0.9x
Fri, 19 Jun 2026AU$33.3bAU$35.4bAU$1.2b27.1x26.7x0.9x
Sun, 17 May 2026AU$30.8bAU$35.4bAU$1.2b24.8x24.7x0.9x
Tue, 14 Apr 2026AU$27.2bAU$35.4bAU$1.2b19.7x21.8x0.8x
Thu, 12 Mar 2026AU$26.7bAU$35.4bAU$1.2b22.3x21.5x0.8x
Sat, 07 Feb 2026AU$26.8bAU$33.8bAU$1.2b22x21.6x0.8x
Mon, 05 Jan 2026AU$27.8bAU$33.8bAU$1.2b22.1x22.3x0.8x
Wed, 03 Dec 2025AU$27.6bAU$33.8bAU$1.2b21.7x22.2x0.8x
Fri, 31 Oct 2025AU$27.2bAU$33.8bAU$1.2b23.2x21.9x0.8x
Sun, 28 Sep 2025AU$26.7bAU$35.0bAU$1.3b20.2x21x0.8x
Tue, 26 Aug 2025AU$25.1bAU$35.4bAU$1.3b18.2x20.1x0.7x
Thu, 24 Jul 2025AU$23.7bAU$34.7bAU$1.3b17.9x18.2x0.7x
Sat, 21 Jun 2025AU$22.6bAU$34.7bAU$1.3b17.8x17.4x0.7x
Mon, 19 May 2025AU$21.8bAU$34.7bAU$1.3b16.7x16.8x0.6x
Wed, 16 Apr 2025AU$19.8bAU$34.7bAU$1.3b15.5x15.3x0.6x
Fri, 14 Mar 2025AU$21.0bAU$34.7bAU$1.3b14.9x16.2x0.6x
Sun, 09 Feb 2025AU$22.8bAU$34.0bAU$1.2b17.5x19.5x0.7x
Tue, 07 Jan 2025AU$21.8bAU$34.9bAU$1.2b15.8x18.6x0.6x
Thu, 05 Dec 2024AU$21.5bAU$34.5bAU$1.1b16.5x18.8x0.6x
Sat, 02 Nov 2024AU$21.2bAU$33.5bAU$1.1b19.1x19.4x0.6x
Mon, 30 Sep 2024AU$21.5bAU$33.6bAU$1.1b16.3x19.8x0.6x
Wed, 28 Aug 2024AU$21.1bAU$32.9bAU$1.1b14.6x19.6x0.6x
Fri, 26 Jul 2024AU$21.4bAU$32.6bAU$942.3m17.3x22.7x0.7x
Sun, 23 Jun 2024AU$20.3bAU$32.6bAU$942.3m16.1x21.5x0.6x
Tue, 21 May 2024AU$19.8bAU$32.3bAU$918.1m14.9x21.6x0.6x
Thu, 18 Apr 2024AU$20.6bAU$32.3bAU$918.1m14.8x22.4x0.6x
Sat, 16 Mar 2024AU$21.0bAU$32.3bAU$918.1m13.9x22.8x0.6x
Mon, 12 Feb 2024AU$19.9bAU$30.6bAU$626.1m15.7x31.7x0.6x
Wed, 10 Jan 2024AU$20.3bAU$30.8bAU$615.4m15.5x33x0.7x
Fri, 08 Dec 2023AU$19.4bAU$30.8bAU$615.4m14.7x31.6x0.6x
Sun, 05 Nov 2023AU$19.1bAU$30.8bAU$615.4m14x31.1x0.6x
Tue, 03 Oct 2023AU$19.7bAU$30.8bAU$615.4m14.7x32x0.6x
Thu, 31 Aug 2023AU$19.5bAU$30.9bAU$576.4m15.8x33.9x0.6x
Price to Earnings Ratio

33.9x


Total Market Cap: AU$19.5bTotal Earnings: AU$576.4mTotal Revenue: AU$30.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Construction Industry Price to Earnings3Y Average 22.7x202420252026
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 22.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 37% per year over the last three years.
  • Revenues for these companies have grown 6.9% 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-0.61%
Industrials-2.03%
Construction1.74%
Construction and Engineering1.74%
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$8.209.5%
+AU$326.2m		115.2%PE24.6x
SRG SRG GlobalAU$3.907.1%
+AU$162.9m		101.6%PE34x
LYL LycopodiumAU$22.3117.5%
+AU$130.2m		84.1%PE21.7x
WOR WorleyAU$10.901.4%
+AU$73.1m		-15.6%PE15.4x
MGH MAAS Group HoldingsAU$5.823.7%
+AU$45.1m		30.8%PE28.8x

Latest News

LYL
AU$22.31
Lycopodium
7D
17.5%
1Y
84.1%
Analysis Article • Aug 22

Earnings Beat: Lycopodium Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

It's been a pretty great week for Lycopodium Limited ( ASX:LYL ) shareholders, with its shares surging 18% to AU$22.31...
MGH
AU$5.82
MAAS Group Holdings
7D
3.7%
1Y
30.8%
SHA
AU$7.00
SHAPE Australia
7D
6.2%
1Y
62.4%
SXE
AU$4.71
Southern Cross Electrical Engineering
7D
-0.8%
1Y
153.2%
NWH
AU$8.20
NRW Holdings
7D
9.5%
1Y
115.2%
Narrative Update • Aug 20

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

Analysts have raised their price target for NRW Holdings from A$6.98 to A$7.88, citing updated assumptions for revenue growth, profit margins and future P/E multiples in their valuation analysis. What’s in the News for NRW Holdings No recent NRW Holdings specific news items were identified from the provided primary news sources as of 20 Aug 2026.
GNP
AU$8.91
GenusPlus Group
7D
-2.6%
1Y
95.0%
SRG
AU$3.90
SRG Global
7D
7.1%
1Y
101.6%
Narrative Update • Aug 18

nan

Analysts have lifted their price target on SRG Global from A$4.25 to A$4.60. This reflects updated assumptions around slightly higher discount rates, moderated revenue growth, softer profit margins and a modestly higher future P/E multiple.
WOR
AU$10.90
Worley
7D
1.4%
1Y
-15.6%
SND
AU$0.91
Saunders International
7D
-4.7%
1Y
13.1%
TEA
AU$9.30
Tasmea
7D
-1.9%
1Y
119.3%
REM
AU$0.025
RemSense Technologies
7D
-16.7%
1Y
-19.4%
DUR
AU$2.26
Duratec
7D
4.6%
1Y
54.3%
VBC
AU$0.17
Verbrec
7D
-10.8%
1Y
83.3%
VNT
AU$5.57
Ventia Services Group
7D
-4.6%
1Y
0.5%
CVL
AU$1.93
Civmec
7D
2.7%
1Y
65.0%
AJL
AU$0.006
AJ Lucas Group
7D
-25.0%
1Y
-45.5%