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Australian (ASX) Infrastructure Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies6
  • 7D1.3%
  • 3M-2.7%
  • 1Y6.8%
  • YTD-1.3%

In the last week, the Infrastructure industry is flat overall, with Atlas Arteria standing out by going down 3.3%. The past year has been better, since the industry has gained 7.2% in that time. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026AU$61.6bAU$9.6bAU$991.5m39.6x62.1x6.4x
Mon, 23 Feb 2026AU$62.9bAU$9.6bAU$1.1b28.6x57.5x6.5x
Wed, 21 Jan 2026AU$61.4bAU$9.2bAU$644.7m26.9x95.2x6.7x
Fri, 19 Dec 2025AU$62.7bAU$9.2bAU$644.7m27.8x97.3x6.8x
Sun, 16 Nov 2025AU$63.6bAU$9.2bAU$644.7m24.3x98.6x6.9x
Tue, 14 Oct 2025AU$61.4bAU$9.2bAU$644.7m24.8x95.3x6.7x
Thu, 11 Sep 2025AU$61.7bAU$9.2bAU$644.7m25.3x95.7x6.7x
Sat, 09 Aug 2025AU$60.9bAU$8.8bAU$723.7m29.1x84.2x6.9x
Mon, 07 Jul 2025AU$59.8bAU$8.8bAU$723.7m26x82.6x6.8x
Wed, 04 Jun 2025AU$62.0bAU$8.8bAU$723.7m24.7x85.6x7x
Fri, 02 May 2025AU$61.3bAU$8.8bAU$723.7m25.1x84.7x7x
Sun, 30 Mar 2025AU$57.5bAU$8.8bAU$723.7m23.4x79.4x6.5x
Tue, 25 Feb 2025AU$58.2bAU$8.7bAU$676.6m30x86x6.7x
Thu, 23 Jan 2025AU$59.1bAU$8.6bAU$931.7m31.5x63.4x6.9x
Sat, 21 Dec 2024AU$57.2bAU$8.6bAU$931.7m30.2x61.4x6.7x
Mon, 18 Nov 2024AU$54.7bAU$8.6bAU$931.7m26x58.8x6.4x
Wed, 16 Oct 2024AU$57.7bAU$8.6bAU$931.7m30.3x61.9x6.7x
Fri, 13 Sep 2024AU$58.6bAU$8.6bAU$931.7m28.8x62.9x6.8x
Sun, 11 Aug 2024AU$55.7bAU$8.1bAU$911.0m22.7x61.2x6.8x
Tue, 09 Jul 2024AU$53.6bAU$8.1bAU$794.9m29.1x67.4x6.6x
Thu, 06 Jun 2024AU$55.1bAU$8.1bAU$794.9m29.8x69.3x6.8x
Sat, 04 May 2024AU$54.0bAU$8.1bAU$794.9m28.7x67.9x6.7x
Mon, 01 Apr 2024AU$56.3bAU$8.1bAU$794.9m28.3x70.8x7x
Wed, 28 Feb 2024AU$56.4bAU$8.1bAU$783.8m28.2x72x7x
Fri, 26 Jan 2024AU$55.7bAU$7.9bAU$635.2m29.1x87.7x7x
Sun, 24 Dec 2023AU$58.2bAU$7.9bAU$635.2m29.5x91.6x7.4x
Tue, 21 Nov 2023AU$54.9bAU$7.9bAU$635.2m28.5x86.4x6.9x
Thu, 19 Oct 2023AU$52.1bAU$7.9bAU$635.2m26.5x82x6.6x
Sat, 16 Sep 2023AU$55.5bAU$7.9bAU$635.5m29.8x87.3x7x
Mon, 14 Aug 2023AU$58.6bAU$7.7bAU$666.7m30x87.9x7.6x
Wed, 12 Jul 2023AU$58.1bAU$7.7bAU$666.7m29.5x87.2x7.5x
Fri, 09 Jun 2023AU$59.2bAU$7.7bAU$666.7m29.9x88.9x7.7x
Sun, 07 May 2023AU$61.8bAU$7.7bAU$666.7m33.2x92.7x8x
Tue, 04 Apr 2023AU$59.6bAU$7.7bAU$666.7m30.4x89.5x7.7x
Price to Earnings Ratio

89.5x


Total Market Cap: AU$59.6bTotal Earnings: AU$666.7mTotal Revenue: AU$7.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Infrastructure Industry Price to Earnings3Y Average 80x202420252026
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 61.7x which is lower than its 3-year average PE of 80.1x.
  • 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 Market0.78%
Industrials1.10%
Infrastructure1.34%
Highways and Railtracks1.58%
Marine Ports and Services0.30%
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 109x.
    • 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 32.0x.
Forecasted Growth
  • Analysts are most optimistic on the Marine Ports and Services industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 34% per year.
  • In contrast, the Highways and Railtracks 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$14.072.3%
+AU$998.5m		5.7%PE91.8x
DBI Dalrymple Bay InfrastructureAU$5.083.5%
+AU$84.3m		31.6%PE86.1x
BWN Bhagwan MarineAU$0.412.5%
+AU$3.2m		-17.0%PE19.8x

Latest News

QUB
AU$4.89
Qube Holdings
7D
-0.6%
1Y
24.1%

QUB: Higher Fully Franked Dividend And EPSA Guidance Will Support Balanced Future Returns

Analysts have made a small upward adjustment to their A$ price target for Qube Holdings, reflecting slightly higher assumptions for fair value, discount rate, revenue growth, profit margins and future P/E multiples in their updated models. What's in the News Directors declared a fully franked interim dividend of A$0.0535 per share for the six months ended 31 December 2025, payable on 9 April 2026, with a record date of 4 March 2026 and ex date of 3 March 2026 (company announcement).
ALX
AU$4.39
Atlas Arteria
7D
-3.3%
1Y
-10.2%
SRH
AU$0.081
Saferoads Holdings
7D
-15.6%
1Y
-55.0%
TCL
AU$14.07
Transurban Group
7D
2.3%
1Y
5.7%
BWN
AU$0.41
Bhagwan Marine
7D
2.5%
1Y
-17.0%

BWN: Equity Offering And Listing Will Support Future Rerating Potential

Analysts have kept their A$ fair value estimate for Bhagwan Marine unchanged at A$0.92, with only small tweaks to the discount rate, profit margin and future P/E assumptions guiding this steady price target. What's in the News Bhagwan Marine Limited has filed a follow on equity offering of up to A$30 million, including multiple tranches of ordinary shares priced at A$0.41 per share with a discount of A$0.0164 per security, as part of a subsequent direct listing (Key Developments).
DBI
AU$5.08
Dalrymple Bay Infrastructure
7D
3.5%
1Y
31.6%

DBI: Higher Distribution Guidance Will Support A More Attractive Future Income Profile

Analysts have nudged their price target for Dalrymple Bay Infrastructure slightly higher to A$5.51 from A$5.47, reflecting updated assumptions that combine a higher revenue growth outlook with a modestly lower profit margin and a small uplift in future P/E expectations. What's in the News Revised distribution guidance for the year from 1 July 2025 to 30 June 2026 to 26.375 cents per security, compared with prior guidance of 24.5 cents per security, described as a 7.7% uplift in the guidance (Key Developments).