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Australian (ASX) Infrastructure Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies6
  • 7D-0.1%
  • 3M-0.6%
  • 1Y12.1%
  • YTD-0.02%

The Infrastructure industry has stayed flat over the last week. The past year has been better, since the industry has gained 12% in that time. Looking forward, 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
Mon, 16 Mar 2026AU$62.4bAU$9.6bAU$991.5m40.1x62.9x6.5x
Wed, 11 Feb 2026AU$60.9bAU$9.2bAU$644.7m28.4x94.5x6.6x
Fri, 09 Jan 2026AU$61.7bAU$9.2bAU$644.7m27.3x95.6x6.7x
Sun, 07 Dec 2025AU$64.2bAU$9.2bAU$644.7m24.8x99.6x7x
Tue, 04 Nov 2025AU$62.1bAU$9.2bAU$644.7m25.2x96.4x6.8x
Thu, 02 Oct 2025AU$59.7bAU$9.2bAU$644.7m25.2x92.6x6.5x
Sat, 30 Aug 2025AU$63.0bAU$9.2bAU$641.2m25.9x98.2x6.8x
Mon, 28 Jul 2025AU$60.0bAU$8.8bAU$723.7m27.2x82.9x6.8x
Wed, 25 Jun 2025AU$61.5bAU$8.8bAU$723.7m24.7x85x7x
Fri, 23 May 2025AU$61.6bAU$8.8bAU$723.7m24.9x85.1x7x
Sun, 20 Apr 2025AU$59.2bAU$8.8bAU$723.7m23.9x81.8x6.7x
Tue, 18 Mar 2025AU$56.1bAU$8.8bAU$723.7m22.6x77.5x6.4x
Thu, 13 Feb 2025AU$57.3bAU$8.6bAU$931.7m28.5x61.5x6.7x
Sat, 11 Jan 2025AU$57.8bAU$8.6bAU$931.7m29.8x62.1x6.7x
Mon, 09 Dec 2024AU$55.3bAU$8.6bAU$931.7m30.5x59.3x6.4x
Wed, 06 Nov 2024AU$55.5bAU$8.6bAU$931.7m29x59.6x6.5x
Fri, 04 Oct 2024AU$56.6bAU$8.6bAU$931.7m29.3x60.8x6.6x
Sun, 01 Sep 2024AU$58.0bAU$8.6bAU$933.2m30x62.1x6.8x
Tue, 30 Jul 2024AU$55.5bAU$8.3bAU$812.0m23.2x68.4x6.7x
Thu, 27 Jun 2024AU$55.0bAU$8.1bAU$794.9m28.9x69.2x6.8x
Sat, 25 May 2024AU$54.8bAU$8.1bAU$794.9m29.3x68.9x6.8x
Mon, 22 Apr 2024AU$54.4bAU$8.1bAU$794.9m27.7x68.4x6.7x
Wed, 20 Mar 2024AU$54.7bAU$8.1bAU$794.9m27.2x68.8x6.8x
Fri, 16 Feb 2024AU$55.0bAU$8.0bAU$798.2m29.2x68.9x6.9x
Sun, 14 Jan 2024AU$57.7bAU$7.9bAU$635.2m29.8x90.8x7.3x
Tue, 12 Dec 2023AU$55.8bAU$7.9bAU$635.2m28.9x87.9x7.1x
Thu, 09 Nov 2023AU$53.8bAU$7.9bAU$635.2m28x84.7x6.8x
Sat, 07 Oct 2023AU$52.9bAU$7.9bAU$635.2m26.9x83.2x6.7x
Mon, 04 Sep 2023AU$56.5bAU$7.9bAU$635.5m30.7x88.9x7.1x
Wed, 02 Aug 2023AU$59.7bAU$7.7bAU$666.7m30.8x89.6x7.7x
Fri, 30 Jun 2023AU$59.1bAU$7.7bAU$666.7m29.9x88.6x7.6x
Sun, 28 May 2023AU$60.7bAU$7.7bAU$666.7m31.6x91.1x7.9x
Tue, 25 Apr 2023AU$62.3bAU$7.7bAU$666.7m32.7x93.5x8.1x
Thu, 23 Mar 2023AU$59.7bAU$7.7bAU$666.7m31.8x89.6x7.7x
Price to Earnings Ratio

89.6x


Total Market Cap: AU$59.7bTotal 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 62.9x which is lower than its 3-year average PE of 80.4x.
  • 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-2.69%
Industrials-4.22%
Infrastructure-0.098%
Marine Ports and Services0.22%
Airport Services0%0
Highways and Railtracks-0.17%
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 31.8x.
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$14.321.6%
+AU$717.6m		10.8%PE93.5x
DBI Dalrymple Bay InfrastructureAU$4.954.7%
+AU$109.1m		32.7%PE83.9x
BWN Bhagwan MarineAU$0.421.2%
+AU$1.6m		-21.5%PE20.1x

Latest News

ALX
AU$4.56
Atlas Arteria
7D
-2.6%
1Y
-8.6%
DBI
AU$4.95
Dalrymple Bay Infrastructure
7D
4.7%
1Y
32.7%

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).
BWN
AU$0.42
Bhagwan Marine
7D
1.2%
1Y
-21.5%

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$14.32
Transurban Group
7D
1.6%
1Y
10.8%