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Australian (ASX) Professional Services Industry Analysis

UpdatedJun 30, 2026
DataAggregated Company Financials
Companies24
  • 7D-0.2%
  • 3M21.2%
  • 1Y4.3%
  • YTD5.7%

The Professional Services is pretty flat in the last 7 days, but Computershare has stood out, gaining 3.9%. As for the the longer term, the industry is up 4.3% over the past 12 months. Looking forward, 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Jun 2026AU$38.3bAU$12.1bAU$1.4b16.1x26.7x3.2x
Thu, 28 May 2026AU$37.2bAU$11.9bAU$1.4b15.9x26.4x3.1x
Sat, 25 Apr 2026AU$33.2bAU$11.8bAU$1.4b15.8x24.4x2.8x
Mon, 23 Mar 2026AU$30.6bAU$11.9bAU$1.4b13.2x22.2x2.6x
Wed, 18 Feb 2026AU$35.5bAU$11.7bAU$1.3b18.5x26.4x3x
Fri, 16 Jan 2026AU$37.5bAU$11.9bAU$1.4b19.9x26.8x3.2x
Sun, 14 Dec 2025AU$35.8bAU$11.9bAU$1.4b20x25.4x3x
Tue, 11 Nov 2025AU$36.7bAU$11.8bAU$1.4b20x26.1x3.1x
Thu, 09 Oct 2025AU$37.2bAU$11.8bAU$1.4b19.1x26.5x3.2x
Sat, 06 Sep 2025AU$36.8bAU$11.8bAU$1.4b19.6x26.2x3.1x
Mon, 04 Aug 2025AU$38.7bAU$11.7bAU$1.3b21.9x28.7x3.3x
Wed, 02 Jul 2025AU$36.7bAU$11.7bAU$1.3b15.5x27.5x3.1x
Fri, 30 May 2025AU$36.7bAU$11.7bAU$1.3b16.7x27.3x3.1x
Sun, 27 Apr 2025AU$35.3bAU$11.5bAU$1.1b15.5x32.1x3.1x
Tue, 25 Mar 2025AU$35.4bAU$11.5bAU$1.1b15.6x31.8x3.1x
Thu, 20 Feb 2025AU$38.4bAU$11.4bAU$1.1b20x35.5x3.4x
Sat, 18 Jan 2025AU$32.7bAU$11.4bAU$1.0b19.2x32.3x2.9x
Mon, 16 Dec 2024AU$31.9bAU$11.2bAU$990.5m21.3x32.2x2.8x
Wed, 13 Nov 2024AU$29.6bAU$10.9bAU$975.1m21.3x30.3x2.7x
Fri, 11 Oct 2024AU$27.8bAU$10.8bAU$954.9m21.1x29.1x2.6x
Sun, 08 Sep 2024AU$30.8bAU$13.0bAU$733.4m19x42x2.4x
Tue, 06 Aug 2024AU$28.8bAU$13.6bAU$1.0b17.5x28.2x2.1x
Thu, 04 Jul 2024AU$29.3bAU$13.4bAU$998.8m19.6x29.3x2.2x
Sat, 01 Jun 2024AU$28.7bAU$13.4bAU$1.0b19.3x28.6x2.1x
Mon, 29 Apr 2024AU$29.9bAU$14.4bAU$1.4b18.2x20.8x2.1x
Wed, 27 Mar 2024AU$29.3bAU$14.4bAU$1.4b19x20.4x2x
Fri, 23 Feb 2024AU$29.1bAU$14.1bAU$1.5b19.5x19.9x2.1x
Sun, 21 Jan 2024AU$28.2bAU$13.8bAU$1.2b19.9x23.3x2x
Tue, 19 Dec 2023AU$27.1bAU$13.7bAU$1.2b18.7x22.5x2x
Thu, 16 Nov 2023AU$27.0bAU$13.8bAU$1.2b19.5x22.1x2x
Sat, 14 Oct 2023AU$28.7bAU$13.9bAU$1.2b17.7x23x2.1x
Mon, 11 Sep 2023AU$28.7bAU$13.8bAU$1.2b18.8x23.1x2.1x
Wed, 09 Aug 2023AU$28.8bAU$12.9bAU$679.1m19x42.5x2.2x
Fri, 07 Jul 2023AU$27.5bAU$12.9bAU$668.0m16.6x41.1x2.1x
Price to Earnings Ratio

41.1x


Total Market Cap: AU$27.5bTotal Earnings: AU$668.0mTotal Revenue: AU$12.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Professional Services Industry Price to Earnings3Y Average 28.1x202420252026
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 28.1x.
  • 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 2.1% 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-0.062%
Industrials0.015%
Professional Services-0.18%
HR Services1.03%
Research and Consulting Services-1.08%
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 14.8%, 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?

CompanyLast Price7D1YValuation
CPU ComputershareAU$38.283.9%
+AU$838.7m		-2.8%PE25.5x
ALQ ALSAU$22.841.0%
+AU$116.7m		33.8%PE36.4x
SIQ SmartgroupAU$12.795.0%
+AU$80.3m		72.8%PE21.2x
KPG Kelly Partners Group HoldingsAU$3.7911.5%
+AU$17.7m		-65.2%PE56.7x
MMS McMillan ShakespeareAU$19.491.3%
+AU$17.4m		25.0%PE13.6x

Latest News

IPH
AU$3.86
IPH
7D
-3.3%
1Y
-16.3%
Narrative Update • Jun 29

IPH: New Leadership Transition Will Support Stronger Profitability Outlook

Analysts have trimmed their price targets for IPH to A$5.40 from A$6.50 as they factor in a lower assumed revenue growth rate, a slightly higher discount rate and a reduced future P/E multiple, partly offset by a modestly higher profit margin outlook. What's in the News for IPH IPH appointed Anthony (Tony) O'Malley as the new Chief Executive Officer, with the role effective from July 1, 2026.
SIQ
AU$12.79
Smartgroup
7D
5.0%
1Y
72.8%
New Narrative • Jun 26

Digital Investment And Partnerships Will Support A Long Runway For Future Earnings

Catalysts About Smartgroup Smartgroup provides salary packaging, novated leasing, and fleet management solutions to Australian employers and their employees. What are the underlying business or industry changes driving this perspective?
C79
AU$5.81
Chrysos
7D
-3.2%
1Y
20.3%
Narrative Update • Jun 26

C79: Higher Profitability Assumptions Will Support Stronger Future Upside Potential

Analysts have increased their price target on Chrysos to A$8.50 from A$6.50, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E multiples. What’s in the News for Chrysos No recent company specific news for Chrysos has been identified from the provided primary sources.
CUP
AU$1.06
Count
7D
2.4%
1Y
6.6%
Narrative Update • Jun 26

CUP: Equity Raising Will Support Higher Margins And Future Earnings Profile

Analysts have raised their price target for Count to A$1.78 from A$1.48, citing updated assumptions that reflect higher projected revenue growth, a stronger profit margin profile and a lower expected future P/E multiple. What’s in the News for Count Count Limited completed a follow on equity offering of A$7.647668 million, issuing 7,283,493 ordinary shares at A$1.05 per share under Regulation S.
PPE
AU$0.69
Peoplein
7D
-0.7%
1Y
-6.1%
Narrative Update • Jun 26

PPE: Stronger Margins And Lower Future P E Multiple Will Drive Upside

Analysts have trimmed their price target for PeopleIN, citing updated fair value estimates of A$0.99, a higher discount rate of 9.36% and a lower revenue growth outlook. This is partly balanced by expectations for stronger profit margins and a reduced future P/E near 9.29x.
MMS
AU$19.49
McMillan Shakespeare
7D
1.3%
1Y
25.0%
CPU
AU$38.28
Computershare
7D
3.9%
1Y
-2.8%
ALQ
AU$22.84
ALS
7D
1.0%
1Y
33.8%
KLV
AU$0.079
Klevo Rewards
7D
3.9%
1Y
n/a
KPG
AU$3.79
Kelly Partners Group Holdings
7D
11.5%
1Y
-65.2%
RBR
AU$0.017
RBR Group
7D
-5.6%
1Y
-43.3%
VRS
AU$0.053
Veris
7D
-3.6%
1Y
-7.0%
ASH
AU$0.28
Ashley Services Group
7D
7.7%
1Y
64.7%