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Australian (ASX) Infrastructure Industry Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies6
  • 7D0.8%
  • 3M-1.0%
  • 1Y6.1%
  • YTD-1.0%

In the last week, the Infrastructure industry is up 1.3%, with all of the companies up. In the last 12 months, the industry was up 5.1%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026AU$61.7bAU$9.2bAU$644.7m27.2x95.7x6.7x
Sat, 13 Dec 2025AU$63.5bAU$9.2bAU$644.7m27.3x98.5x6.9x
Mon, 10 Nov 2025AU$63.3bAU$9.2bAU$644.7m24.4x98.1x6.9x
Wed, 08 Oct 2025AU$60.6bAU$9.2bAU$644.7m24.5x94x6.6x
Fri, 05 Sep 2025AU$61.9bAU$9.2bAU$644.7m25.2x96.1x6.8x
Sun, 03 Aug 2025AU$60.6bAU$8.8bAU$723.7m28.2x83.7x6.9x
Tue, 01 Jul 2025AU$60.7bAU$8.8bAU$723.7m25.8x83.8x6.9x
Thu, 29 May 2025AU$61.4bAU$8.8bAU$723.7m24.5x84.8x7x
Sat, 26 Apr 2025AU$59.4bAU$8.8bAU$723.7m23.8x82.1x6.7x
Mon, 24 Mar 2025AU$57.2bAU$8.8bAU$725.6m21.8x78.9x6.5x
Wed, 19 Feb 2025AU$58.3bAU$8.6bAU$931.7m29.8x62.6x6.8x
Fri, 17 Jan 2025AU$58.0bAU$8.6bAU$931.7m29.8x62.3x6.8x
Sun, 15 Dec 2024AU$54.8bAU$8.6bAU$931.7m29.8x58.8x6.4x
Tue, 12 Nov 2024AU$55.4bAU$8.6bAU$931.7m28x59.5x6.5x
Thu, 10 Oct 2024AU$56.5bAU$8.6bAU$931.7m29.9x60.7x6.6x
Sat, 07 Sep 2024AU$58.2bAU$8.6bAU$931.7m30.3x62.4x6.8x
Mon, 05 Aug 2024AU$55.6bAU$8.3bAU$812.0m23.3x68.5x6.7x
Wed, 03 Jul 2024AU$53.7bAU$8.1bAU$794.9m29.1x67.6x6.6x
Fri, 31 May 2024AU$53.5bAU$8.1bAU$794.9m28.9x67.3x6.6x
Sun, 28 Apr 2024AU$53.1bAU$8.1bAU$794.9m27.2x66.8x6.6x
Tue, 26 Mar 2024AU$55.0bAU$8.1bAU$794.9m27.7x69.2x6.8x
Thu, 22 Feb 2024AU$55.7bAU$8.0bAU$798.2m29.4x69.8x7x
Sat, 20 Jan 2024AU$55.4bAU$7.9bAU$635.2m29.1x87.3x7x
Mon, 18 Dec 2023AU$57.6bAU$7.9bAU$635.2m29.2x90.6x7.3x
Wed, 15 Nov 2023AU$54.1bAU$7.9bAU$635.2m28.6x85.1x6.8x
Fri, 13 Oct 2023AU$53.6bAU$7.9bAU$635.2m27.6x84.4x6.8x
Sun, 10 Sep 2023AU$55.9bAU$7.9bAU$635.5m30.2x87.9x7.1x
Tue, 08 Aug 2023AU$58.3bAU$7.7bAU$666.7m30.4x87.5x7.5x
Thu, 06 Jul 2023AU$59.3bAU$7.7bAU$666.7m30.1x88.9x7.7x
Sat, 03 Jun 2023AU$60.7bAU$7.7bAU$666.7m30.5x91.1x7.9x
Mon, 01 May 2023AU$62.4bAU$7.7bAU$666.7m32.3x93.5x8.1x
Wed, 29 Mar 2023AU$58.9bAU$7.7bAU$666.7m31.7x88.3x7.6x
Fri, 24 Feb 2023AU$60.2bAU$7.3bAU$580.5m54.4x103.6x8.2x
Sun, 22 Jan 2023AU$58.7bAU$6.6bAU$436.5m55x134.5x8.9x
Price to Earnings Ratio

134.5x


Total Market Cap: AU$58.7bTotal Earnings: AU$436.5mTotal Revenue: AU$6.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Infrastructure Industry Price to Earnings3Y Average 82x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Infrastructure industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 95.3x which is higher than its 3-year average PE of 82.0x.
  • The industry is trading close to its 3-year average PS ratio of 7.0x.
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 12% 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 Market1.58%
Industrials1.39%
Infrastructure0.83%
Highways and Railtracks0.93%
Marine Ports and Services0.37%
Airport Services0%0
Industry PE
  • Investors are most optimistic about the Highways and Railtracks industry, which is trading close to its 3-year average PE ratio of 113x.
    • Analysts are expecting annual earnings growth of 27.7%, which is higher than its past year's earnings decline of 29.8% 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 31.2x.
Forecasted Growth
  • Analysts are most optimistic on the Highways and Railtracks industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 30% per year.
  • In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 17% 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$13.991.1%
+AU$467.2m		3.7%PE327.6x
QUB Qube HoldingsAU$4.840.4%
+AU$35.4m		20.1%PE75.7x
DBI Dalrymple Bay InfrastructureAU$4.840.2%
+AU$5.0m		37.5%PE27.2x

Latest News

TCL
AU$13.99
Transurban Group
7D
1.1%
1Y
3.7%

TCL: West Gate Tunnel Opening And Lower Discount Rate Will Shape Outlook

Analysts now see fair value for Transurban Group at A$14.36, up from A$14.21, with the shift linked to updated views on discount rates, revenue growth, profit margins and a higher assumed future P/E multiple. What's in the News The West Gate Tunnel Project in Melbourne is scheduled to open to traffic on Sunday 14 December 2025, providing an alternative to the West Gate Bridge and connecting the West Gate Freeway to the Port of Melbourne, CityLink and the CBD (Key Developments).
QUB
AU$4.84
Qube Holdings
7D
0.4%
1Y
20.1%

QUB: Takeover Proposal And Steady Outlook Will Likely Support Balanced Future Returns

Analysts have kept their price target for Qube Holdings broadly steady around A$4.99, citing marginal adjustments in the discount rate and long term P/E assumptions as they refine their views on the company’s risk profile and earnings potential. What's in the News Macquarie Asset Management Pty Limited entered into a process deed to acquire Qube Holdings Limited for A$9.2b in cash on November 23, 2025, at A$5.20 per share, signalling a potential change of ownership if conditions are satisfied (Key Developments).
DBI
AU$4.84
Dalrymple Bay Infrastructure
7D
0.2%
1Y
37.5%