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Australian (ASX) Infrastructure Industry Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies6
  • 7D-0.4%
  • 3M-2.4%
  • 1Y12.7%
  • YTD-0.6%

The Infrastructure industry has been flat over the last week, but Atlas Arteria has lost 4.4%. The past year has been better, since the industry has gained 14% in that time. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Mar 2026AU$62.1bAU$9.6bAU$991.5m40.1x62.6x6.5x
Sun, 08 Feb 2026AU$60.1bAU$9.2bAU$644.7m27.9x93.2x6.6x
Tue, 06 Jan 2026AU$61.8bAU$9.2bAU$644.7m27.6x95.9x6.7x
Thu, 04 Dec 2025AU$64.6bAU$9.2bAU$644.7m25.3x100.3x7x
Sat, 01 Nov 2025AU$62.3bAU$9.2bAU$644.7m24.9x96.6x6.8x
Mon, 29 Sep 2025AU$59.3bAU$9.2bAU$644.7m24.7x92x6.5x
Wed, 27 Aug 2025AU$63.5bAU$9.2bAU$678.3m26.1x93.6x6.9x
Fri, 25 Jul 2025AU$59.8bAU$8.8bAU$723.7m27.7x82.6x6.8x
Sun, 22 Jun 2025AU$62.7bAU$8.8bAU$723.7m23.6x86.6x7.1x
Tue, 20 May 2025AU$61.6bAU$8.8bAU$723.7m24.8x85.1x7x
Thu, 17 Apr 2025AU$59.1bAU$8.8bAU$723.7m23.9x81.6x6.7x
Sat, 15 Mar 2025AU$55.5bAU$8.8bAU$723.7m22.1x76.6x6.3x
Mon, 10 Feb 2025AU$57.3bAU$8.6bAU$931.7m28.3x61.5x6.7x
Wed, 08 Jan 2025AU$58.4bAU$8.6bAU$931.7m30.8x62.7x6.8x
Fri, 06 Dec 2024AU$56.2bAU$8.6bAU$931.7m27.5x60.3x6.5x
Sun, 03 Nov 2024AU$54.6bAU$8.6bAU$931.7m28.8x58.6x6.4x
Tue, 01 Oct 2024AU$56.6bAU$8.6bAU$931.7m30.5x60.7x6.6x
Thu, 29 Aug 2024AU$57.4bAU$8.6bAU$956.9m22.8x59.9x6.7x
Sat, 27 Jul 2024AU$55.0bAU$8.1bAU$794.9m29.7x69.2x6.8x
Mon, 24 Jun 2024AU$53.9bAU$8.1bAU$794.9m28.3x67.8x6.7x
Wed, 22 May 2024AU$53.6bAU$8.1bAU$794.9m29.4x67.4x6.6x
Fri, 19 Apr 2024AU$54.7bAU$8.1bAU$794.9m28x68.8x6.8x
Sun, 17 Mar 2024AU$54.8bAU$8.1bAU$794.9m27.3x69x6.8x
Tue, 13 Feb 2024AU$55.3bAU$8.0bAU$798.2m29.7x69.2x6.9x
Thu, 11 Jan 2024AU$58.1bAU$7.9bAU$635.2m30x91.5x7.3x
Sat, 09 Dec 2023AU$55.7bAU$7.9bAU$635.2m29x87.7x7x
Mon, 06 Nov 2023AU$52.8bAU$7.9bAU$635.2m27.9x83.2x6.7x
Wed, 04 Oct 2023AU$53.6bAU$7.9bAU$635.2m26.8x84.4x6.8x
Fri, 01 Sep 2023AU$56.5bAU$7.9bAU$615.0m30.8x91.9x7.1x
Sun, 30 Jul 2023AU$59.8bAU$7.7bAU$666.7m31x89.6x7.7x
Tue, 27 Jun 2023AU$59.3bAU$7.7bAU$666.7m29.3x88.9x7.7x
Thu, 25 May 2023AU$61.0bAU$7.7bAU$666.7m32.3x91.5x7.9x
Sat, 22 Apr 2023AU$61.8bAU$7.7bAU$666.7m32.3x92.8x8x
Mon, 20 Mar 2023AU$60.1bAU$7.7bAU$666.7m31.7x90.1x7.8x
Price to Earnings Ratio

90.1x


Total Market Cap: AU$60.1bTotal Earnings: AU$666.7mTotal Revenue: AU$7.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Infrastructure Industry Price to Earnings3Y Average 80.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Infrastructure 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 63.1x which is lower than its 3-year average PE of 80.5x.
  • The industry is trading close to its 3-year average PS ratio of 6.9x.
Past Earnings Growth
  • The earnings for companies in the Infrastructure industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 7.3% 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-3.22%
Industrials-4.33%
Infrastructure-0.44%
Airport Services0%0
Highways and Railtracks-0.23%
Marine Ports and Services-1.38%
Industry PE
  • Investors are most optimistic about the Highways and Railtracks industry even though it's trading below its 3-year average PE ratio of 110x.
    • Analysts are expecting annual earnings growth of 16.3%, which is lower than the prior year's growth of 257.3% per year.
  • Investors are most pessimistic about the Marine Ports and Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 31.7x.
Forecasted Growth
  • Analysts are most optimistic on the Highways and Railtracks industry, expecting annual earnings growth of 16% over the next 5 years.
  • In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 16% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TCL Transurban GroupAU$14.270.5%
+AU$218.4m		11.9%PE93.1x

Latest News

QUB
AU$4.95
Qube Holdings
7D
-0.2%
1Y
31.6%

QUB: Dividend Increase And Earnings Guidance Will Support Balanced Future Returns

Analysts have modestly adjusted their price target for Qube Holdings, with a slightly lower A$ fair value and P/E assumption now paired with marginally higher revenue growth and profit margin expectations. This reflects a fine tuning of forecasts rather than a major shift in view.
DBI
AU$4.65
Dalrymple Bay Infrastructure
7D
-5.9%
1Y
30.6%
ALX
AU$4.51
Atlas Arteria
7D
-4.4%
1Y
-9.6%
BWN
AU$0.41
Bhagwan Marine
7D
-1.2%
1Y
-17.0%

BWN: Equity Offering Will Support Improved Earnings Profile And Repricing

Analysts have trimmed their fair value estimate for Bhagwan Marine slightly from A$0.93 to A$0.92, reflecting updated assumptions on revenue growth, profit margins and a lower future P/E multiple. What's in the News Bhagwan Marine Limited has filed a follow-on equity offering of A$30 million in ordinary shares, including tranches of 40,000,000, 23,916,409 and 9,254,323 shares at A$0.41 per share with a discount of A$0.0164 per security, described as a subsequent direct listing feature (Key Developments).
TCL
AU$14.27
Transurban Group
7D
0.5%
1Y
11.9%