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Australian (ASX) Machinery Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies16
  • 7D-9.7%
  • 3M-18.2%
  • 1Y25.2%
  • YTD-23.5%

Over the last 7 days, the Machinery industry has dropped 9.7%, and Advanced Innergy Holdings contributed the most with a 11% decline. Meanwhile, Amaero actually outperformed within the industry, gaining 7.5% in the last week. In the past year, the industry has gained 25%. As for the next few years, earnings are expected to grow by 63% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026AU$3.7bAU$1.6b-AU$89,475,217.2512.4x-41.1x2.3x
Fri, 06 Feb 2026AU$4.2bAU$1.6b-AU$54,652,653.1415.6x-77x2.6x
Sun, 04 Jan 2026AU$4.8bAU$1.6b-AU$62,694,078.5816.7x-76.5x2.9x
Tue, 02 Dec 2025AU$4.5bAU$1.6b-AU$62,501,886.0217.5x-71.9x2.7x
Thu, 30 Oct 2025AU$4.6bAU$1.3b-AU$70,126,377.3515.6x-65.2x3.4x
Sat, 27 Sep 2025AU$3.7bAU$1.3b-AU$16,060,685.4515.5x-230.2x2.8x
Mon, 25 Aug 2025AU$2.8bAU$1.3b-AU$6,382,371.0015.6x-431.1x2.1x
Wed, 23 Jul 2025AU$2.8bAU$1.3b-AU$7,763,042.0319x-355.5x2.2x
Fri, 20 Jun 2025AU$2.5bAU$1.5b-AU$2,888,587.6118.8x-850.3x1.6x
Sun, 18 May 2025AU$2.3bAU$1.5b-AU$2,885,359.6718.4x-797.6x1.5x
Tue, 15 Apr 2025AU$2.2bAU$1.5b-AU$2,824,831.3517.9x-766.4x1.5x
Thu, 13 Mar 2025AU$2.5bAU$1.5b-AU$4,418,491.0917.9x-566.3x1.7x
Sat, 08 Feb 2025AU$3.2bAU$1.4bAU$8.2m18.4x394.4x2.3x
Mon, 06 Jan 2025AU$3.2bAU$1.4bAU$9.8m19x326.7x2.2x
Wed, 04 Dec 2024AU$3.3bAU$1.4bAU$9.6m18.6x343.5x2.3x
Fri, 01 Nov 2024AU$3.0bAU$1.4bAU$9.6m19.5x316.8x2.1x
Sun, 29 Sep 2024AU$2.9bAU$1.3bAU$5.9m18.2x486.7x2.2x
Tue, 27 Aug 2024AU$2.9bAU$1.3b-AU$8,924,429.5318.6x-323.3x2.3x
Thu, 25 Jul 2024AU$3.0bAU$1.2b-AU$8,758,708.3917.9x-347.3x2.5x
Sat, 22 Jun 2024AU$3.0bAU$1.3b-AU$31,696,820.9017.4x-95.4x2.3x
Mon, 20 May 2024AU$3.3bAU$1.3b-AU$31,553,985.3116.9x-103.4x2.5x
Wed, 17 Apr 2024AU$3.0bAU$1.3b-AU$32,788,100.8020.2x-90.3x2.2x
Fri, 15 Mar 2024AU$2.7bAU$1.3b-AU$31,958,347.4919x-84.9x2x
Sun, 11 Feb 2024AU$2.5bAU$1.2b-AU$19,913,007.9319.3x-127.5x2.2x
Tue, 09 Jan 2024AU$2.3bAU$1.2b-AU$26,573,442.0020.9x-88x2x
Thu, 07 Dec 2023AU$2.0bAU$1.2b-AU$26,675,983.0020.9x-76.3x1.7x
Sat, 04 Nov 2023AU$2.0bAU$1.2b-AU$26,667,825.0018.5x-76.7x1.7x
Mon, 02 Oct 2023AU$2.0bAU$1.2b-AU$26,260,239.0018.4x-77.8x1.7x
Wed, 30 Aug 2023AU$2.0bAU$1.2b-AU$34,438,534.0021x-58x1.7x
Fri, 28 Jul 2023AU$2.0bAU$1.1b-AU$26,131,673.0021.4x-77.9x1.8x
Sun, 25 Jun 2023AU$1.1bAU$1.1b-AU$14,655,790.0020.4x-77.3x1x
Tue, 23 May 2023AU$1.2bAU$1.1b-AU$14,783,785.0021.8x-80.9x1.1x
Thu, 20 Apr 2023AU$1.3bAU$1.1b-AU$14,742,160.0022.2x-86.9x1.2x
Sat, 18 Mar 2023AU$1.2bAU$1.1b-AU$14,590,454.0023.6x-84.8x1.1x
Price to Earnings Ratio

-84.8x


Total Market Cap: AU$1.2bTotal Earnings: -AU$14,590,454.00Total Revenue: AU$1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Machinery Industry Price to Earnings3Y Average -131.3x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Machinery industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 14% 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, which has caused losses to expand.

Industry Trends

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

AU Market-3.87%
Industrials-4.85%
Machinery-9.74%
Agricultural Machinery0%0
Construction Machinery and Vehicles-3.19%
Industrial Machinery-10.40%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 68% over the next 5 years.
    • This is better than its past earnings growth rate of 34% per year.
    • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 25% 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
    		3DA AmaeroAU$0.287.5%
    +AU$19.1m    		9.6%PS27.4x
    		ANG Austin EngineeringAU$0.205.1%
    +AU$6.2m    		-48.1%PE8.6x
    		AL3 AML3DAU$0.157.1%
    +AU$5.5m    		30.4%PS13.8x
    		LBL LaserBondAU$0.604.3%
    +AU$3.0m    		53.2%PE14.2x
    		MXI MaxiPARTSAU$1.962.1%
    +AU$2.2m    		1.8%PE12.2x

    Latest News

    3DA
    AU$0.28
    Amaero
    7D
    7.5%
    1Y
    9.6%
    ANG
    AU$0.20
    Austin Engineering
    7D
    5.1%
    1Y
    -48.1%

    ANG: Higher Margin Outlook Will Support Future Upside Despite Softer Guidance

    Analysts have maintained their A$0.45 price target for Austin Engineering. The slight adjustments to discount rate, revenue growth, profit margin and future P/E assumptions reflect updated views on its risk profile and earnings outlook, rather than a change in overall valuation.
    AAL
    AU$0.34
    Alfabs Australia
    7D
    -4.3%
    1Y
    -20.2%
    SLX
    AU$5.90
    Silex Systems
    7D
    -2.3%
    1Y
    54.0%
    MPW
    AU$2.10
    Metal Powder Works
    7D
    -12.5%
    1Y
    452.6%
    VEE
    AU$0.61
    VEEM
    7D
    2.5%
    1Y
    -20.6%

    Defense Delays And Marine Weakness Will Eventually Reward Patience

    Catalysts About VEEM VEEM manufactures marine propulsion systems, gyrostabilizers and high quality nonferrous castings for commercial, defense and industrial customers. What are the underlying business or industry changes driving this perspective?
    LBL
    AU$0.60
    LaserBond
    7D
    4.3%
    1Y
    53.2%
    MXI
    AU$1.96
    MaxiPARTS
    7D
    2.1%
    1Y
    1.8%
    XRF
    AU$1.77
    XRF Scientific
    7D
    0.6%
    1Y
    -6.3%
    EGL
    AU$0.23
    Environmental Group
    7D
    2.3%
    1Y
    15.4%
    ZGL
    AU$0.13
    Zicom Group
    7D
    -3.7%
    1Y
    44.4%

    Zicom Group (ASX:ZGL) Shareholders Will Want The ROCE Trajectory To Continue

    Feb 14
    Zicom Group (ASX:ZGL) Shareholders Will Want The ROCE Trajectory To Continue
    AL3
    AU$0.15
    AML3D
    7D
    7.1%
    1Y
    30.4%
    KOV
    AU$15.48
    Korvest
    7D
    -3.3%
    1Y
    65.7%
    AIH
    AU$0.86
    Advanced Innergy Holdings
    7D
    -11.3%
    1Y
    n/a