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Australian (ASX) Infrastructure Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies6
  • 7D1.1%
  • 3M-1.0%
  • 1Y5.6%
  • YTD-1.1%

Over the last 7 days, the Infrastructure industry has remained flat, although notably Bhagwan Marine declined by 7.0%. The past year has been better, since the industry has gained 6.0% in that time. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 Jan 2026AU$61.6bAU$9.2bAU$644.7m27.3x95.6x6.7x
Mon, 29 Dec 2025AU$63.2bAU$9.2bAU$644.7m27.6x98x6.9x
Wed, 26 Nov 2025AU$65.5bAU$9.2bAU$644.7m25.2x101.6x7.1x
Fri, 24 Oct 2025AU$64.0bAU$9.2bAU$644.7m24.6x99.2x7x
Sun, 21 Sep 2025AU$60.6bAU$9.2bAU$644.7m25.4x94x6.6x
Tue, 19 Aug 2025AU$61.7bAU$8.8bAU$723.7m29.2x85.3x7x
Thu, 17 Jul 2025AU$58.4bAU$8.8bAU$723.7m27.3x80.8x6.6x
Sat, 14 Jun 2025AU$62.3bAU$8.8bAU$723.7m23.1x86.2x7.1x
Mon, 12 May 2025AU$61.8bAU$8.8bAU$723.7m25.4x85.4x7x
Wed, 09 Apr 2025AU$57.9bAU$8.8bAU$723.7m22.6x80x6.6x
Fri, 07 Mar 2025AU$56.9bAU$8.8bAU$723.7m22x78.7x6.5x
Sun, 02 Feb 2025AU$58.2bAU$8.6bAU$931.7m29.8x62.5x6.8x
Tue, 31 Dec 2024AU$58.2bAU$8.6bAU$931.7m31.3x62.5x6.8x
Thu, 28 Nov 2024AU$56.5bAU$8.6bAU$931.7m27.3x60.6x6.6x
Sat, 26 Oct 2024AU$55.8bAU$8.6bAU$931.7m29x59.9x6.5x
Mon, 23 Sep 2024AU$57.6bAU$8.6bAU$931.7m30.5x61.8x6.7x
Wed, 21 Aug 2024AU$57.6bAU$8.1bAU$911.0m22.8x63.2x7.1x
Fri, 19 Jul 2024AU$55.5bAU$8.1bAU$794.9m29.3x69.9x6.9x
Sun, 16 Jun 2024AU$53.5bAU$8.1bAU$794.9m28.2x67.3x6.6x
Tue, 14 May 2024AU$55.2bAU$8.1bAU$794.9m29.6x69.4x6.8x
Thu, 11 Apr 2024AU$56.9bAU$8.1bAU$794.9m28.2x71.6x7x
Sat, 09 Mar 2024AU$57.1bAU$8.1bAU$794.9m28.1x71.8x7.1x
Mon, 05 Feb 2024AU$56.6bAU$7.9bAU$635.2m29.6x89.2x7.2x
Wed, 03 Jan 2024AU$57.8bAU$7.9bAU$635.2m30.1x91x7.3x
Fri, 01 Dec 2023AU$55.0bAU$7.9bAU$635.2m28.4x86.5x6.9x
Sun, 29 Oct 2023AU$50.6bAU$7.9bAU$635.2m26.1x79.6x6.4x
Tue, 26 Sep 2023AU$54.8bAU$7.9bAU$635.5m28.6x86.2x6.9x
Thu, 24 Aug 2023AU$55.6bAU$7.7bAU$567.7m29.4x97.9x7.2x
Sat, 22 Jul 2023AU$58.3bAU$7.7bAU$666.7m30.1x87.5x7.6x
Mon, 19 Jun 2023AU$59.9bAU$7.7bAU$666.7m29.9x89.9x7.8x
Wed, 17 May 2023AU$62.0bAU$7.7bAU$666.7m32.9x92.9x8x
Fri, 14 Apr 2023AU$60.9bAU$7.7bAU$666.7m31.3x91.3x7.9x
Sun, 12 Mar 2023AU$60.3bAU$7.7bAU$666.7m32.4x90.5x7.8x
Tue, 07 Feb 2023AU$59.9bAU$6.6bAU$436.5m55x137.2x9.1x
Price to Earnings Ratio

137.2x


Total Market Cap: AU$59.9bTotal Earnings: AU$436.5mTotal Revenue: AU$6.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Infrastructure Industry Price to Earnings3Y Average 81.4x202420252026
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 95.1x which is higher than its 3-year average PE of 81.4x.
  • 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 Market-0.40%
Industrials-0.99%
Infrastructure1.06%
Highways and Railtracks1.28%
Marine Ports and Services0.093%
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 112x.
    • Analysts are expecting annual earnings growth of 25.4%, 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 31.3x.
Forecasted Growth
  • Analysts are most optimistic on the Highways and Railtracks industry, expecting annual earnings growth of 25% 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 18% 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$13.951.0%
+AU$436.1m		4.3%PE326.7x
ALX Atlas ArteriaAU$4.972.9%
+AU$203.1m		-2.0%PE24.1x
DBI Dalrymple Bay InfrastructureAU$4.860.8%
+AU$19.8m		34.3%PE27.3x

Latest News

TCL
AU$13.95
Transurban Group
7D
1.0%
1Y
4.3%

TCL: Tunnel Opening And Distribution Outlook Will Shape Fairly Valued Profile

Analysts have modestly adjusted their valuation framework for Transurban Group, keeping the fair value estimate steady at A$14.36 while refining assumptions around the discount rate, profit margin and future P/E to better reflect current expectations for earnings quality and risk. What's in the News West Gate Tunnel Project is scheduled to open to traffic on Sunday 14 December 2025, providing an alternative to the West Gate Bridge and a new connection between the West Gate Freeway, the Port of Melbourne and CityLink (Key Developments).
BWN
AU$0.47
Bhagwan Marine
7D
-7.0%
1Y
-22.5%
DBI
AU$4.86
Dalrymple Bay Infrastructure
7D
0.8%
1Y
34.3%

DBI: Higher Distribution And Updated Assumptions Will Support Fair Value Outlook

Analysts now set their price target for Dalrymple Bay Infrastructure at around A$5.04, compared with the prior A$4.84, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E as the key drivers. What's in the News Declared a quarterly distribution of A$0.06125 per fully paid ordinary note stapled security for the quarter ended September 30, 2025, classified as a dividend increase event (Key Developments).
ALX
AU$4.97
Atlas Arteria
7D
2.9%
1Y
-2.0%