Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Infrastructure Industry Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies6
  • 7D2.0%
  • 3M-2.0%
  • 1Y8.4%
  • YTD0.4%

Over the last 7 days, the Infrastructure industry has risen 2.0%, driven by gains from Qube Holdings of 4.3%. This means that the industry has gained 8.4% over the past year. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026AU$62.6bAU$9.2bAU$644.7m28.5x97.1x6.8x
Sat, 17 Jan 2026AU$61.2bAU$9.2bAU$644.7m27.1x94.9x6.7x
Mon, 15 Dec 2025AU$63.5bAU$9.2bAU$644.7m27.3x98.5x6.9x
Wed, 12 Nov 2025AU$64.4bAU$9.2bAU$644.7m24.8x99.9x7x
Fri, 10 Oct 2025AU$60.5bAU$9.2bAU$644.7m24.6x93.8x6.6x
Sun, 07 Sep 2025AU$61.9bAU$9.2bAU$644.7m25.3x96x6.7x
Tue, 05 Aug 2025AU$60.6bAU$8.8bAU$723.7m28.1x83.7x6.9x
Thu, 03 Jul 2025AU$60.5bAU$8.8bAU$723.7m25.5x83.6x6.9x
Sat, 31 May 2025AU$61.4bAU$8.8bAU$723.7m24.5x84.9x7x
Mon, 28 Apr 2025AU$59.4bAU$8.8bAU$723.7m23.8x82.1x6.7x
Wed, 26 Mar 2025AU$56.1bAU$8.8bAU$723.7m22.4x77.5x6.4x
Fri, 21 Feb 2025AU$57.9bAU$8.3bAU$680.7m28.9x85x7x
Sun, 19 Jan 2025AU$59.3bAU$8.6bAU$931.7m30x63.6x6.9x
Tue, 17 Dec 2024AU$55.4bAU$8.6bAU$931.7m30x59.4x6.4x
Thu, 14 Nov 2024AU$54.4bAU$8.6bAU$931.7m28x58.4x6.3x
Sat, 12 Oct 2024AU$56.9bAU$8.6bAU$931.7m29.9x61.1x6.6x
Mon, 09 Sep 2024AU$58.2bAU$8.6bAU$931.7m30.3x62.4x6.8x
Wed, 07 Aug 2024AU$55.1bAU$8.3bAU$812.0m22.8x67.9x6.7x
Fri, 05 Jul 2024AU$53.5bAU$8.1bAU$794.9m29.1x67.3x6.6x
Sun, 02 Jun 2024AU$54.1bAU$8.1bAU$794.9m29.2x68.1x6.7x
Tue, 30 Apr 2024AU$53.9bAU$8.1bAU$794.9m27.9x67.8x6.7x
Thu, 28 Mar 2024AU$55.3bAU$8.1bAU$794.9m27.4x69.6x6.8x
Sat, 24 Feb 2024AU$56.6bAU$8.1bAU$806.2m28.7x70.1x7x
Mon, 22 Jan 2024AU$55.4bAU$7.9bAU$635.2m29.1x87.3x7x
Wed, 20 Dec 2023AU$58.0bAU$7.9bAU$635.2m29.4x91.3x7.3x
Fri, 17 Nov 2023AU$55.0bAU$7.9bAU$635.2m28.5x86.5x6.9x
Sun, 15 Oct 2023AU$52.9bAU$7.9bAU$635.2m27.3x83.4x6.7x
Tue, 12 Sep 2023AU$55.8bAU$7.9bAU$635.5m30.5x87.7x7x
Thu, 10 Aug 2023AU$58.6bAU$7.7bAU$666.7m30.1x87.9x7.6x
Sat, 08 Jul 2023AU$58.3bAU$7.7bAU$666.7m29.3x87.4x7.5x
Mon, 05 Jun 2023AU$60.7bAU$7.7bAU$666.7m30.5x91.1x7.9x
Wed, 03 May 2023AU$62.2bAU$7.7bAU$666.7m32.7x93.3x8x
Fri, 31 Mar 2023AU$59.5bAU$7.7bAU$666.7m30.5x89.2x7.7x
Sun, 26 Feb 2023AU$60.1bAU$7.6bAU$619.9m53.7x96.9x7.9x
Price to Earnings Ratio

96.9x


Total Market Cap: AU$60.1bTotal Earnings: AU$619.9mTotal Revenue: AU$7.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Infrastructure Industry Price to Earnings3Y Average 81x202420252026
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 97.1x which is higher than its 3-year average PE of 81.0x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 6.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Australian Industrials industry?

AU Market-0.51%
Industrials-0.75%
Infrastructure2.03%
Highways and Railtracks2.06%
Marine Ports and Services1.88%
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 111x.
    • Analysts are expecting annual earnings growth of 22.9%, 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 31.5x.
Forecasted Growth
  • Analysts are most optimistic on the Highways and Railtracks industry, expecting annual earnings growth of 23% 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 19% 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
QUB Qube HoldingsAU$5.064.3%
+AU$371.7m		25.2%PE79.1x
ALX Atlas ArteriaAU$4.701.3%
+AU$87.1m		-8.2%PE22.8x
TCL Transurban GroupAU$13.880.1%
+AU$62.3m		4.2%PE325.1x
DBI Dalrymple Bay InfrastructureAU$5.110.6%
+AU$14.9m		40.4%PE28.8x
BWN Bhagwan MarineAU$0.43-3.3%
AU$13.3m		-25.3%PE11x

Latest News

BWN
AU$0.43
Bhagwan Marine
7D
-3.3%
1Y
-25.3%

Decommissioning And Offshore Wind Expansion Will Drive A Stronger Long Term Outlook

Catalysts About Bhagwan Marine Bhagwan Marine provides marine solutions across offshore energy, subsea, ports and inshore, and defense sectors in Australia. What are the underlying business or industry changes driving this perspective?
DBI
AU$5.11
Dalrymple Bay Infrastructure
7D
0.6%
1Y
40.4%

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).
TCL
AU$13.88
Transurban Group
7D
0.1%
1Y
4.2%

TCL: Tunnel Opening And 2025 Distribution Will Support A Fairly Valued Outlook

Analysts have maintained their A$14.36 price target for Transurban Group, citing a slightly higher discount rate and revenue growth outlook, along with a lower profit margin and a higher assumed future P/E multiple. What's in the News The West Gate Tunnel Project is scheduled to open to traffic on Sunday 14 December 2025, providing an alternative route to the West Gate Bridge and connecting the West Gate Freeway to the Port of Melbourne and CityLink (Key Developments).
QUB
AU$5.06
Qube Holdings
7D
4.3%
1Y
25.2%

QUB: Takeover Proposal And Stable Outlook Will Likely Support Balanced Returns

Analysts have slightly increased their price target for Qube Holdings to about A$5.00 from roughly A$4.99, citing modest adjustments in fair value, discount rate, revenue growth, profit margin and future P/E assumptions as the main factors behind this change. What's in the News Macquarie Asset Management Pty Limited entered into a process deed to acquire Qube Holdings Limited (ASX:QUB) for about A$9.2b, offering cash consideration of A$5.20 per share (Key Developments).
SRH
AU$0.089
Saferoads Holdings
7D
-2.2%
1Y
n/a
ALX
AU$4.70
Atlas Arteria
7D
1.3%
1Y
-8.2%