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Australian (ASX) Infrastructure Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies6
  • 7D1.8%
  • 3M-3.6%
  • 1Y8.2%
  • YTD1.3%

The Infrastructure industry is up 2.3% in the last week, with Transurban Group up 2.0%. This takes the industry's 12 month performance to a gain of 8.9%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026AU$63.1bAU$9.6bAU$1.1b28.7x57.7x6.6x
Thu, 22 Jan 2026AU$60.9bAU$9.2bAU$644.7m27.1x94.5x6.6x
Sat, 20 Dec 2025AU$62.8bAU$9.2bAU$644.7m28.2x97.4x6.8x
Mon, 17 Nov 2025AU$63.6bAU$9.2bAU$644.7m24.3x98.6x6.9x
Wed, 15 Oct 2025AU$61.4bAU$9.2bAU$644.7m24.6x95.2x6.7x
Fri, 12 Sep 2025AU$61.8bAU$9.2bAU$644.7m25.3x95.9x6.7x
Sun, 10 Aug 2025AU$60.9bAU$8.8bAU$723.7m29.1x84.2x6.9x
Tue, 08 Jul 2025AU$59.5bAU$8.8bAU$723.7m26.4x82.2x6.7x
Thu, 05 Jun 2025AU$62.0bAU$8.8bAU$723.7m24.8x85.6x7x
Sat, 03 May 2025AU$61.7bAU$8.8bAU$723.7m25.1x85.2x7x
Mon, 31 Mar 2025AU$57.5bAU$8.8bAU$723.7m23.4x79.4x6.5x
Wed, 26 Feb 2025AU$57.4bAU$8.7bAU$676.6m29.8x84.9x6.6x
Fri, 24 Jan 2025AU$58.9bAU$8.6bAU$931.7m30.8x63.2x6.9x
Sun, 22 Dec 2024AU$57.2bAU$8.6bAU$931.7m30.2x61.4x6.7x
Tue, 19 Nov 2024AU$54.7bAU$8.6bAU$931.7m27.8x58.7x6.4x
Thu, 17 Oct 2024AU$56.9bAU$8.6bAU$931.7m29.7x61.1x6.6x
Sat, 14 Sep 2024AU$59.0bAU$8.6bAU$931.7m28.8x63.4x6.9x
Mon, 12 Aug 2024AU$55.7bAU$8.1bAU$911.0m22.7x61.2x6.8x
Wed, 10 Jul 2024AU$53.6bAU$8.1bAU$794.9m29.2x67.4x6.6x
Fri, 07 Jun 2024AU$55.5bAU$8.1bAU$794.9m29.8x69.8x6.9x
Sun, 05 May 2024AU$54.0bAU$8.1bAU$794.9m28.7x67.9x6.7x
Tue, 02 Apr 2024AU$56.3bAU$8.1bAU$794.9m28.3x70.8x7x
Thu, 29 Feb 2024AU$56.6bAU$8.1bAU$780.5m28.6x72.6x7x
Sat, 27 Jan 2024AU$55.7bAU$7.9bAU$635.2m29.1x87.7x7x
Mon, 25 Dec 2023AU$58.2bAU$7.9bAU$635.2m29.5x91.6x7.4x
Wed, 22 Nov 2023AU$55.1bAU$7.9bAU$635.2m28.6x86.8x7x
Fri, 20 Oct 2023AU$51.2bAU$7.9bAU$635.2m26.3x80.6x6.5x
Sun, 17 Sep 2023AU$56.5bAU$7.9bAU$635.5m30.1x88.9x7.1x
Tue, 15 Aug 2023AU$58.0bAU$7.7bAU$666.7m29.2x86.9x7.5x
Thu, 13 Jul 2023AU$58.4bAU$7.7bAU$666.7m29.7x87.6x7.6x
Sat, 10 Jun 2023AU$59.4bAU$7.7bAU$666.7m29.9x89.1x7.7x
Mon, 08 May 2023AU$61.8bAU$7.7bAU$666.7m33.2x92.7x8x
Wed, 05 Apr 2023AU$60.0bAU$7.7bAU$666.7m30.7x90x7.8x
Fri, 03 Mar 2023AU$59.4bAU$7.7bAU$666.4m36.1x89.1x7.7x
Price to Earnings Ratio

89.1x


Total Market Cap: AU$59.4bTotal Earnings: AU$666.4mTotal Revenue: AU$7.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Infrastructure Industry Price to Earnings3Y Average 80.9x202420252026
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 57.5x which is lower than its 3-year average PE of 80.9x.
  • 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 18% per year over the last three years.
  • Revenues for these companies have grown 7.6% 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 Market0.97%
Industrials1.87%
Infrastructure1.76%
Highways and Railtracks2.07%
Marine Ports and Services0.37%
Airport Services0%0
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 111x.
    • Analysts are expecting annual earnings growth of 13.5%, which is lower than the prior year's growth of 268.4% 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 31.5x.
Forecasted Growth
  • Analysts are most optimistic on the Highways and Railtracks industry, expecting annual earnings growth of 14% over the next 5 years.
  • In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 12% 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$14.352.0%
+AU$872.1m		7.6%PE93.5x
ALX Atlas ArteriaAU$4.712.6%
+AU$174.1m		-7.1%PE22.9x
QUB Qube HoldingsAU$5.040.6%
+AU$53.1m		20.6%PE40.9x
BWN Bhagwan MarineAU$0.453.4%
+AU$4.7m		-25.6%PE11.4x
SRH Saferoads HoldingsAU$0.0912.2%
+AU$87.4k		n/aPS0.7x

Latest News

QUB
AU$5.04
Qube Holdings
7D
0.6%
1Y
20.6%

QUB: Scheme Proposal And Fair Value View Will Likely Support Balanced Returns

Analysts have adjusted their price target on Qube Holdings slightly higher to A$5.00. This reflects updated assumptions for discount rate, revenue growth, profit margins and future P/E, while their overall view remains broadly consistent.
TCL
AU$14.35
Transurban Group
7D
2.0%
1Y
7.6%
BWN
AU$0.45
Bhagwan Marine
7D
3.4%
1Y
-25.6%
DBI
AU$5.10
Dalrymple Bay Infrastructure
7D
-0.6%
1Y
36.4%

DBI: Quarterly Distribution And Updated Assumptions Will Support Steady Fair Value Outlook

Analysts have nudged their price target for Dalrymple Bay Infrastructure up from A$5.06 to A$5.11, citing updated assumptions around the discount rate, profit margin and future P/E that slightly adjust their view of fair value. What's in the News Dalrymple Bay Infrastructure Limited declared a quarterly distribution of A$0.061250 per fully paid ordinary stapled security for the quarter ended September 30, 2025 (Key Developments).
SRH
AU$0.091
Saferoads Holdings
7D
2.2%
1Y
n/a
ALX
AU$4.71
Atlas Arteria
7D
2.6%
1Y
-7.1%