Narrative Update • Jun 23
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Australian (ASX) Professional Services Industry Analysis
UpdatedJun 24, 2026
DataAggregated Company Financials
Companies24
- 7D-0.2%
- 3M22.2%
- 1Y4.7%
- YTD5.4%
Over the last 7 days, the Professional Services industry has remained flat. The past year has been better, since the industry has gained 4.7% in that time. Earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Australian Professional Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Jun 2026 | AU$38.6b | AU$12.1b | AU$1.4b | 16.7x | 26.8x | 3.2x |
| Sat, 23 May 2026 | AU$37.1b | AU$11.9b | AU$1.4b | 16.2x | 26.3x | 3.1x |
| Mon, 20 Apr 2026 | AU$33.9b | AU$11.8b | AU$1.4b | 15.1x | 25x | 2.9x |
| Wed, 18 Mar 2026 | AU$31.9b | AU$11.8b | AU$1.4b | 13x | 23.3x | 2.7x |
| Fri, 13 Feb 2026 | AU$35.2b | AU$11.7b | AU$1.3b | 19.1x | 26.3x | 3x |
| Sun, 11 Jan 2026 | AU$36.3b | AU$11.9b | AU$1.4b | 19.9x | 25.9x | 3.1x |
| Tue, 09 Dec 2025 | AU$36.6b | AU$11.9b | AU$1.4b | 20x | 26x | 3.1x |
| Thu, 06 Nov 2025 | AU$37.5b | AU$11.8b | AU$1.4b | 19.4x | 26.5x | 3.2x |
| Sat, 04 Oct 2025 | AU$37.2b | AU$11.7b | AU$1.4b | 19.9x | 26.6x | 3.2x |
| Mon, 01 Sep 2025 | AU$37.2b | AU$11.8b | AU$1.4b | 19.4x | 26.4x | 3.2x |
| Wed, 30 Jul 2025 | AU$38.7b | AU$11.7b | AU$1.3b | 17.7x | 29x | 3.3x |
| Fri, 27 Jun 2025 | AU$36.3b | AU$11.7b | AU$1.3b | 15.3x | 27.2x | 3.1x |
| Sun, 25 May 2025 | AU$36.8b | AU$11.4b | AU$1.1b | 16.8x | 33.8x | 3.2x |
| Tue, 22 Apr 2025 | AU$34.4b | AU$11.4b | AU$1.1b | 15.6x | 31.4x | 3x |
| Thu, 20 Mar 2025 | AU$34.4b | AU$11.5b | AU$1.1b | 15.8x | 31x | 3x |
| Sat, 15 Feb 2025 | AU$38.1b | AU$11.4b | AU$1.1b | 19.6x | 35.1x | 3.3x |
| Mon, 13 Jan 2025 | AU$32.3b | AU$11.4b | AU$1.0b | 19x | 31.8x | 2.8x |
| Wed, 11 Dec 2024 | AU$32.0b | AU$11.2b | AU$985.5m | 21.3x | 32.5x | 2.9x |
| Fri, 08 Nov 2024 | AU$29.5b | AU$10.8b | AU$965.1m | 22.7x | 30.5x | 2.7x |
| Sun, 06 Oct 2024 | AU$27.3b | AU$10.7b | AU$946.7m | 20.6x | 28.8x | 2.5x |
| Tue, 03 Sep 2024 | AU$31.2b | AU$13.0b | AU$728.9m | 21.1x | 42.8x | 2.4x |
| Thu, 01 Aug 2024 | AU$30.8b | AU$13.5b | AU$1.0b | 18.3x | 30.3x | 2.3x |
| Sat, 29 Jun 2024 | AU$28.7b | AU$13.4b | AU$1.0b | 19.7x | 28.7x | 2.1x |
| Mon, 27 May 2024 | AU$28.6b | AU$13.4b | AU$1.0b | 19.5x | 28.5x | 2.1x |
| Wed, 24 Apr 2024 | AU$30.4b | AU$14.5b | AU$1.4b | 18.7x | 21x | 2.1x |
| Fri, 22 Mar 2024 | AU$29.7b | AU$14.4b | AU$1.4b | 19.5x | 20.8x | 2.1x |
| Sun, 18 Feb 2024 | AU$28.5b | AU$14.0b | AU$1.3b | 20.4x | 22.6x | 2x |
| Tue, 16 Jan 2024 | AU$28.3b | AU$13.7b | AU$1.2b | 19.7x | 23.6x | 2.1x |
| Thu, 14 Dec 2023 | AU$27.3b | AU$13.8b | AU$1.2b | 19.4x | 22.4x | 2x |
| Sat, 11 Nov 2023 | AU$27.4b | AU$13.9b | AU$1.3b | 18.9x | 21.9x | 2x |
| Mon, 09 Oct 2023 | AU$28.3b | AU$13.8b | AU$1.2b | 17.8x | 22.8x | 2x |
| Wed, 06 Sep 2023 | AU$28.9b | AU$13.4b | AU$1.0b | 19.5x | 28x | 2.2x |
| Fri, 04 Aug 2023 | AU$29.0b | AU$12.9b | AU$677.3m | 19.3x | 42.8x | 2.2x |
| Sun, 02 Jul 2023 | AU$27.6b | AU$12.8b | AU$665.0m | 17x | 41.5x | 2.2x |
Price to Earnings Ratio
41.5x
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 28.2x.
- 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 2.2% 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 Market | -1.45% | |
| Industrials | 0.53% | |
| Professional Services | -0.23% | |
| HR Services | -1.45% | |
| Research and Consulting Services | -2.91% | |
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 81.5x.
- 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 5.6% 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 | |
|---|---|---|---|---|---|
| CPU Computershare | AU$37.17 | 1.7% +AU$358.6m | -7.1% | PE24.9x | |
| EAX Energy Action | AU$0.40 | 17.6% +AU$2.4m | 11.1% | PE9.5x | |
| HIT HiTech Group Australia | AU$0.92 | 5.1% +AU$1.9m | -44.6% | PE7.8x | |
| VRS Veris | AU$0.057 | 1.8% +AU$539.8k | 1.8% | PE18x | |
| IGN Ignite | AU$0.71 | 4.4% +AU$496.2k | -38.3% | PE12.7x |
