Narrative Update • Jun 22
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Australian (ASX) Infrastructure Industry Analysis
UpdatedJun 27, 2026
DataAggregated Company Financials
Companies6
- 7D1.5%
- 3M9.5%
- 1Y12.4%
- YTD8.0%
Over the last 7 days, the Infrastructure industry has risen 1.5%, driven by gains from Transurban Group of 2.2%. This means that the industry has gained 12% over the past year. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Australian Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 27 Jun 2026 | AU$67.4b | AU$9.6b | AU$991.5m | 41.4x | 68x | 7.1x |
| Mon, 25 May 2026 | AU$64.1b | AU$9.6b | AU$991.5m | 40.6x | 64.7x | 6.7x |
| Wed, 22 Apr 2026 | AU$60.8b | AU$9.6b | AU$991.5m | 40.4x | 61.4x | 6.4x |
| Fri, 20 Mar 2026 | AU$61.2b | AU$9.6b | AU$991.5m | 39.6x | 61.7x | 6.4x |
| Sun, 15 Feb 2026 | AU$61.5b | AU$9.2b | AU$644.7m | 28.6x | 95.4x | 6.7x |
| Tue, 13 Jan 2026 | AU$61.7b | AU$9.2b | AU$644.7m | 27.5x | 95.7x | 6.7x |
| Thu, 11 Dec 2025 | AU$63.5b | AU$9.2b | AU$644.7m | 27.2x | 98.5x | 6.9x |
| Sat, 08 Nov 2025 | AU$63.3b | AU$9.2b | AU$644.7m | 24.4x | 98.1x | 6.9x |
| Mon, 06 Oct 2025 | AU$60.4b | AU$9.2b | AU$644.7m | 25.1x | 93.7x | 6.6x |
| Wed, 03 Sep 2025 | AU$62.4b | AU$9.2b | AU$644.7m | 25.6x | 96.8x | 6.8x |
| Fri, 01 Aug 2025 | AU$60.6b | AU$8.8b | AU$723.7m | 27.2x | 83.7x | 6.9x |
| Sun, 29 Jun 2025 | AU$59.8b | AU$8.8b | AU$723.7m | 25.2x | 82.6x | 6.8x |
| Tue, 27 May 2025 | AU$61.3b | AU$8.8b | AU$723.7m | 25x | 84.8x | 7x |
| Thu, 24 Apr 2025 | AU$59.4b | AU$8.8b | AU$723.7m | 24.7x | 82x | 6.7x |
| Sat, 22 Mar 2025 | AU$57.2b | AU$8.8b | AU$725.6m | 21.8x | 78.9x | 6.5x |
| Mon, 17 Feb 2025 | AU$57.8b | AU$8.6b | AU$931.7m | 30x | 62.1x | 6.7x |
| Wed, 15 Jan 2025 | AU$58.3b | AU$8.6b | AU$931.7m | 29.8x | 62.5x | 6.8x |
| Fri, 13 Dec 2024 | AU$55.2b | AU$8.6b | AU$931.7m | 29.9x | 59.2x | 6.4x |
| Sun, 10 Nov 2024 | AU$55.3b | AU$8.6b | AU$931.7m | 28.5x | 59.4x | 6.4x |
| Tue, 08 Oct 2024 | AU$56.1b | AU$8.6b | AU$931.7m | 29.8x | 60.2x | 6.5x |
| Thu, 05 Sep 2024 | AU$58.2b | AU$8.6b | AU$931.7m | 30.1x | 62.5x | 6.8x |
| Sat, 03 Aug 2024 | AU$55.6b | AU$8.3b | AU$812.0m | 23.3x | 68.5x | 6.7x |
| Mon, 01 Jul 2024 | AU$53.7b | AU$8.1b | AU$794.9m | 29x | 67.5x | 6.6x |
| Wed, 29 May 2024 | AU$55.2b | AU$8.1b | AU$794.9m | 29.3x | 69.5x | 6.8x |
| Fri, 26 Apr 2024 | AU$55.0b | AU$8.1b | AU$794.9m | 28.2x | 69.2x | 6.8x |
| Sun, 24 Mar 2024 | AU$55.0b | AU$8.1b | AU$794.9m | 27.5x | 69.2x | 6.8x |
| Tue, 20 Feb 2024 | AU$55.8b | AU$8.0b | AU$798.2m | 29.3x | 69.9x | 7x |
| Thu, 18 Jan 2024 | AU$56.3b | AU$7.9b | AU$635.2m | 29.3x | 88.6x | 7.1x |
| Sat, 16 Dec 2023 | AU$57.6b | AU$7.9b | AU$635.2m | 29.2x | 90.6x | 7.3x |
| Mon, 13 Nov 2023 | AU$53.7b | AU$7.9b | AU$635.2m | 28.1x | 84.5x | 6.8x |
| Wed, 11 Oct 2023 | AU$53.4b | AU$7.9b | AU$635.2m | 27.4x | 84x | 6.7x |
| Fri, 08 Sep 2023 | AU$55.6b | AU$7.9b | AU$635.5m | 30.1x | 87.4x | 7x |
| Sun, 06 Aug 2023 | AU$58.6b | AU$7.7b | AU$666.7m | 30.4x | 87.9x | 7.6x |
| Tue, 04 Jul 2023 | AU$59.6b | AU$7.7b | AU$666.7m | 30x | 89.4x | 7.7x |
Price to Earnings Ratio
89.4x
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 68.0x which is lower than its 3-year average PE of 77.8x.
- 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 Market | -0.91% | |
| Industrials | 1.16% | |
| Infrastructure | 1.54% | |
| Highways and Railtracks | 1.84% | |
| Marine Ports and Services | 0.17% | |
| Airport Services | 0% | 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 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 33.5x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TCL Transurban Group | AU$15.39 | 2.2% +AU$1.0b | 12.0% | PE100.5x | |
| BWN Bhagwan Marine | AU$0.28 | 9.6% +AU$9.9m | -41.8% | PE17.2x | |
| DBI Dalrymple Bay Infrastructure | AU$5.82 | 0.3% +AU$9.9m | 39.9% | PE98.6x | |
| SRH Saferoads Holdings | AU$0.10 | 5.0% +AU$216.7k | 22.1% | PS0.5x |