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Australian (ASX) Professional Services Industry Analysis

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies24
  • 7D1.7%
  • 3M24.0%
  • 1Y3.0%
  • YTD6.6%

The Professional Services industry is up 1.7% in the last week, with ALS up 4.8%. In the last 12 months, the industry was up 3.0%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

Has the Australian Professional Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Jun 2026AU$38.7bAU$12.0bAU$1.4b16.7x27.3x3.2x
Sat, 16 May 2026AU$34.4bAU$11.8bAU$1.4b16.3x25.3x2.9x
Mon, 13 Apr 2026AU$33.3bAU$11.8bAU$1.4b14.9x24.3x2.8x
Wed, 11 Mar 2026AU$33.7bAU$11.8bAU$1.4b13x24.7x2.9x
Fri, 06 Feb 2026AU$35.7bAU$11.7bAU$1.4b19.4x26.2x3.1x
Sun, 04 Jan 2026AU$36.2bAU$11.9bAU$1.4b20.2x25.8x3.1x
Tue, 02 Dec 2025AU$36.6bAU$12.0bAU$1.4b18.9x25.7x3.1x
Thu, 30 Oct 2025AU$37.2bAU$11.7bAU$1.4b20x26.6x3.2x
Sat, 27 Sep 2025AU$35.9bAU$11.8bAU$1.4b19.3x25.4x3x
Mon, 25 Aug 2025AU$37.9bAU$11.8bAU$1.4b19.3x26.7x3.2x
Wed, 23 Jul 2025AU$38.2bAU$11.7bAU$1.3b17.5x28.6x3.3x
Fri, 20 Jun 2025AU$37.0bAU$11.7bAU$1.3b15.2x27.6x3.2x
Sun, 18 May 2025AU$38.0bAU$11.5bAU$1.1b16.8x34.6x3.3x
Tue, 15 Apr 2025AU$33.8bAU$11.5bAU$1.1b15.8x30.4x2.9x
Thu, 13 Mar 2025AU$34.2bAU$11.5bAU$1.1b15x30.6x3x
Sat, 08 Feb 2025AU$33.7bAU$11.3bAU$1.0b19.4x33.7x3x
Mon, 06 Jan 2025AU$32.8bAU$11.4bAU$1.0b19x32.5x2.9x
Wed, 04 Dec 2024AU$32.0bAU$11.2bAU$974.6m21.3x32.8x2.9x
Fri, 01 Nov 2024AU$27.5bAU$10.9bAU$971.9m20.6x28.3x2.5x
Sun, 29 Sep 2024AU$27.1bAU$10.6bAU$935.6m20.6x29x2.5x
Tue, 27 Aug 2024AU$31.3bAU$12.8bAU$1.0b18.5x30.5x2.4x
Thu, 25 Jul 2024AU$30.5bAU$13.5bAU$1.0b19.6x30.3x2.3x
Sat, 22 Jun 2024AU$29.0bAU$13.4bAU$1.0b19.8x28.9x2.2x
Mon, 20 May 2024AU$29.8bAU$14.3bAU$1.4b17.4x21x2.1x
Wed, 17 Apr 2024AU$30.7bAU$14.5bAU$1.5b18.9x21.1x2.1x
Fri, 15 Mar 2024AU$29.0bAU$14.4bAU$1.4b19.5x20.3x2x
Sun, 11 Feb 2024AU$28.0bAU$13.8bAU$1.2b20.1x22.8x2x
Tue, 09 Jan 2024AU$27.9bAU$13.7bAU$1.2b18.5x23.1x2x
Thu, 07 Dec 2023AU$27.3bAU$13.8bAU$1.2b19.4x22.4x2x
Sat, 04 Nov 2023AU$28.1bAU$13.8bAU$1.2b19.1x22.6x2x
Mon, 02 Oct 2023AU$28.7bAU$13.8bAU$1.2b18.2x23.2x2.1x
Wed, 30 Aug 2023AU$27.8bAU$13.5bAU$624.2m18.3x44.5x2.1x
Fri, 28 Jul 2023AU$29.1bAU$12.7bAU$658.5m18.5x44.2x2.3x
Sun, 25 Jun 2023AU$27.2bAU$12.8bAU$663.7m16.6x40.9x2.1x
Price to Earnings Ratio

40.9x


Total Market Cap: AU$27.2bTotal Earnings: AU$663.7mTotal Revenue: AU$12.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Professional Services Industry Price to Earnings3Y Average 28.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian Professional Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 28.3x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Professional Services industry have grown 29% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.3% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

AU Market3.70%
Industrials1.30%
Professional Services1.71%
Research and Consulting Services2.89%
HR Services2.06%
Industry PE
  • Investors are most optimistic about the Research and Consulting Services industry even though it's trading below its 3-year average PE ratio of 81.4x.
    • Analysts are expecting annual earnings growth of 14.9%, which is higher than its past year's earnings growth of 9.3% per year.
  • Investors are most pessimistic about the HR Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.3x.
Forecasted Growth
  • Analysts are most optimistic on the Research and Consulting Services industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings growth rate of 9.3% per year.
  • In contrast, the HR Services industry is expected to see its earnings grow by 5.8% 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
ALQ ALSAU$23.364.8%
+AU$548.1m		38.6%PE37.2x
CPU ComputershareAU$37.150.7%
+AU$144.6m		-8.7%PE25.3x
SIQ SmartgroupAU$12.451.1%
+AU$17.1m		71.5%PE20.6x
C79 ChrysosAU$6.281.9%
+AU$14.0m		26.9%PS9.1x
CUP CountAU$1.063.4%
+AU$7.4m		4.5%PE15.7x

Latest News

AFL
AU$0.13
AF Legal Group
7D
-10.7%
1Y
19.0%
ALQ
AU$23.36
ALS
7D
4.8%
1Y
38.6%
FLN
AU$0.12
Freelancer
7D
-14.3%
1Y
-40.0%
KLV
AU$0.097
Klevo Rewards
7D
4.3%
1Y
n/a
IPH
AU$4.16
IPH
7D
-1.9%
1Y
-7.8%
Narrative Update • Jun 15

IPH: Leadership Transition Will Sustain Overvaluation Concerns Despite Stable Fundamentals

Analysts have made only a modest adjustment to their A$ price target for IPH, reflecting relatively unchanged fair value at A$3.74, along with small tweaks to the discount rate, revenue growth expectations, profit margin and future P/E assumptions. What's in the News IPH appointed Anthony (Tony) O'Malley as the new Chief Executive Officer, effective July 1, 2026.
KPG
AU$3.74
Kelly Partners Group Holdings
7D
-3.1%
1Y
-64.4%
SIQ
AU$12.45
Smartgroup
7D
1.1%
1Y
71.5%
New Narrative • Jun 12

Policy Reliance And Execution Risks Will Challenge This Salary Packaging Business

Catalysts About Smartgroup Smartgroup provides salary packaging, novated leasing, and fleet management services to employers and employees in Australia. What are the underlying business or industry changes driving this perspective?
C79
AU$6.28
Chrysos
7D
1.9%
1Y
26.9%
MMS
AU$19.65
McMillan Shakespeare
7D
0.3%
1Y
22.7%
Narrative Update • Jun 07

MMS: Buyback And Dividend Policy Will Support Balanced Long Term Shareholder Returns

Analysts have adjusted their price target for McMillan Shakespeare to A$18.27 from A$17.73, reflecting updated assumptions around revenue growth, profit margins, discount rate, and future P/E multiples. What's in the News No recent McMillan Shakespeare specific news, periodical coverage, or key development items were provided in the available sources for this section.
CPU
AU$37.15
Computershare
7D
0.7%
1Y
-8.7%
Narrative Update • Jun 05

CPU: Tokenized Equity Partnership And Steady Margins Will Support Balanced Outlook

Analysts have raised their price target for Computershare to A$35.53 from A$34.54, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Securitize announced an agreement with Computershare to support U.S. listed clients in issuing equity securities in tokenized form, creating a new onchain option for issuers alongside traditional listings.
PPE
AU$0.70
Peoplein
7D
6.1%
1Y
3.7%
CUP
AU$1.06
Count
7D
3.4%
1Y
4.5%
HIT
AU$0.92
HiTech Group Australia
7D
-2.1%
1Y
-44.4%
New Narrative • Apr 25

A baby being thrown out with the AI bathwater?

As a bargain hunter, I often find myself drawn to companies that have been heavily sold off, on the assumption that Mr Market may be acting irrationally and has overshot to the downside. HiTech Group Australia Limited may be one such case.
RTH
AU$0.56
RAS Technology Holdings
7D
-7.4%
1Y
-43.1%
VRS
AU$0.056
Veris
7D
-6.7%
1Y
12.0%
ASH
AU$0.24
Ashley Services Group
7D
-2.0%
1Y
44.1%