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Australian (ASX) Infrastructure Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies6
  • 7D-2.4%
  • 3M9.2%
  • 1Y5.6%
  • YTD6.3%

Over the last 7 days, the Infrastructure industry has dropped 2.4%, driven by a pullback from Transurban Group of 3.5%. Over the past 12 months, the industry was up 5.6%. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jun 2026AU$66.4bAU$9.6bAU$991.5m41.4x67x7x
Mon, 18 May 2026AU$64.2bAU$9.6bAU$991.5m40.7x64.7x6.7x
Wed, 15 Apr 2026AU$59.9bAU$9.6bAU$991.5m40.3x60.4x6.3x
Fri, 13 Mar 2026AU$62.1bAU$9.6bAU$991.5m40.1x62.6x6.5x
Sun, 08 Feb 2026AU$60.1bAU$9.2bAU$644.7m27.9x93.2x6.6x
Tue, 06 Jan 2026AU$61.8bAU$9.2bAU$644.7m27.6x95.9x6.7x
Thu, 04 Dec 2025AU$64.6bAU$9.2bAU$644.7m25.3x100.3x7x
Sat, 01 Nov 2025AU$62.3bAU$9.2bAU$644.7m24.9x96.6x6.8x
Mon, 29 Sep 2025AU$59.3bAU$9.2bAU$644.7m24.7x92x6.5x
Wed, 27 Aug 2025AU$63.5bAU$9.2bAU$678.3m26.1x93.6x6.9x
Fri, 25 Jul 2025AU$59.8bAU$8.8bAU$723.7m27.7x82.6x6.8x
Sun, 22 Jun 2025AU$62.7bAU$8.8bAU$723.7m23.6x86.6x7.1x
Tue, 20 May 2025AU$61.6bAU$8.8bAU$723.7m24.8x85.1x7x
Thu, 17 Apr 2025AU$59.1bAU$8.8bAU$723.7m23.9x81.6x6.7x
Sat, 15 Mar 2025AU$55.5bAU$8.8bAU$723.7m22.1x76.6x6.3x
Mon, 10 Feb 2025AU$57.3bAU$8.6bAU$931.7m28.3x61.5x6.7x
Wed, 08 Jan 2025AU$58.4bAU$8.6bAU$931.7m30.8x62.7x6.8x
Fri, 06 Dec 2024AU$56.2bAU$8.6bAU$931.7m27.5x60.3x6.5x
Sun, 03 Nov 2024AU$54.6bAU$8.6bAU$931.7m28.8x58.6x6.4x
Tue, 01 Oct 2024AU$56.6bAU$8.6bAU$931.7m30.5x60.7x6.6x
Thu, 29 Aug 2024AU$57.4bAU$8.6bAU$956.9m22.8x59.9x6.7x
Sat, 27 Jul 2024AU$55.0bAU$8.1bAU$794.9m29.7x69.2x6.8x
Mon, 24 Jun 2024AU$53.9bAU$8.1bAU$794.9m28.3x67.8x6.7x
Wed, 22 May 2024AU$53.6bAU$8.1bAU$794.9m29.4x67.4x6.6x
Fri, 19 Apr 2024AU$54.7bAU$8.1bAU$794.9m28x68.8x6.8x
Sun, 17 Mar 2024AU$54.8bAU$8.1bAU$794.9m27.3x69x6.8x
Tue, 13 Feb 2024AU$55.3bAU$8.0bAU$798.2m29.7x69.2x6.9x
Thu, 11 Jan 2024AU$58.1bAU$7.9bAU$635.2m30x91.5x7.3x
Sat, 09 Dec 2023AU$55.7bAU$7.9bAU$635.2m29x87.7x7x
Mon, 06 Nov 2023AU$52.8bAU$7.9bAU$635.2m27.9x83.2x6.7x
Wed, 04 Oct 2023AU$53.6bAU$7.9bAU$635.2m26.8x84.4x6.8x
Fri, 01 Sep 2023AU$56.5bAU$7.9bAU$615.0m30.8x91.9x7.1x
Sun, 30 Jul 2023AU$59.8bAU$7.7bAU$666.7m31x89.6x7.7x
Tue, 27 Jun 2023AU$59.3bAU$7.7bAU$666.7m29.3x88.9x7.7x
Price to Earnings Ratio

88.9x


Total Market Cap: AU$59.3bTotal Earnings: AU$666.7mTotal Revenue: AU$7.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Infrastructure Industry Price to Earnings3Y Average 77.9x202420252026
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 67.0x which is lower than its 3-year average PE of 77.9x.
  • The industry is trading close to its 3-year average PS ratio of 6.8x.
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 Market0.56%
Industrials0.64%
Infrastructure-2.45%
Marine Ports and Services0.17%
Airport Services0%0
Highways and Railtracks-3.01%
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 105x.
    • Analysts are expecting annual earnings growth of 13.3%, 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 33.4x.
Forecasted Growth
  • Analysts are most optimistic on the Marine Ports and Services industry, expecting annual earnings growth of 15% 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 13% 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$5.110.8%
+AU$70.8m		20.0%PE41.4x
ALX Atlas ArteriaAU$5.100.4%
+AU$29.0m		-4.3%PE28.5x

Latest News

TCL
AU$15.06
Transurban Group
7D
-3.5%
1Y
3.3%
Analysis Article • 11h

Transurban Group (ASX:TCL) Shares Could Be 17% Undervalued After M7 M12 Project Completion

Transurban Group (ASX:TCL) has completed the M7-M12 Integration Project in Western Sydney, opening the M7-M12 Interchange and finishing a major M7 widening that may affect future toll road traffic patterns. See our latest analysis for Transurban Group. Against this project backdrop, Transurban Group’s share price has an A$15.06 latest close, with a 30 day share price return of 5.39% and 90 day share price return of 9.53%. The 1 year total shareholder return of 8.33% sits alongside a 5 year...
SRH
AU$0.10
Saferoads Holdings
7D
-13.0%
1Y
19.0%
QUB
AU$5.11
Qube Holdings
7D
0.8%
1Y
20.0%
Narrative Update • Jun 17

QUB: Takeover Proposal And Special Dividend Will Shape Balanced Future Returns

Analysts have nudged their fair value estimate for Qube Holdings slightly higher from A$5.02 to A$5.10. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E, even though recent Street research has not added new public commentary.
BWN
AU$0.26
Bhagwan Marine
7D
-5.5%
1Y
-48.5%
Narrative Update • Jun 17

BWN: Equity Raise And Direct Listing Feature Will Drive Future Upside

Analysts have kept their fair value estimate for Bhagwan Marine steady at A$0.63, with only minor adjustments to assumptions such as the discount rate and future P/E supporting an unchanged price target. What’s in the News for Bhagwan Marine Bhagwan Marine completed a follow on equity offering totaling A$30 million in ordinary shares.
ALX
AU$5.10
Atlas Arteria
7D
0.4%
1Y
-4.3%
DBI
AU$5.80
Dalrymple Bay Infrastructure
7D
-1.5%
1Y
49.1%
Narrative Update • Jun 05

DBI: Stable Income Outlook And Slightly Revised Assumptions Support Fair Pricing

Analysts have nudged their A$ fair value estimate for Dalrymple Bay Infrastructure slightly lower from A$5.56 to about A$5.55, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. What's in the News No recent news stories are currently available for Dalrymple Bay Infrastructure based on the provided sources.