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Australian (ASX) Professional Services Industry Analysis

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies24
  • 7D5.0%
  • 3M-9.4%
  • 1Y-1.1%
  • YTD-8.3%

Over the last 7 days, the Professional Services industry has risen 5.0%, driven by gains from ALS of 8.0%. During this same period, the Freelancer underperformed, falling 13%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 23 May 2023AU$27.2bAU$12.8bAU$655.3m16.3x41.5x2.1x
Thu, 20 Apr 2023AU$28.0bAU$12.8bAU$651.1m16.2x43x2.2x
Price to Earnings Ratio

43x


Total Market Cap: AU$28.0bTotal Earnings: AU$651.1mTotal Revenue: AU$12.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Professional Services Industry Price to Earnings3Y Average 29.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Professional Services 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 24.3x which is lower than its 3-year average PE of 29.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Professional Services industry have grown 28% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.6% 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 Market4.32%
Industrials2.97%
Professional Services4.99%
Research and Consulting Services7.46%
HR Services2.99%
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 81.0x.
    • Analysts are expecting annual earnings growth of 16.8%, which is lower than the prior year's growth of 25.6% per year.
  • Investors are most pessimistic about the HR Services industry, which is trading close to its 3-year average of 13.2x.
Forecasted Growth
  • Analysts are most optimistic on the Research and Consulting Services industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 26% per year.
  • In contrast, the HR Services industry is expected to see its earnings grow by 6.5% 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$22.638.0%
+AU$852.7m		52.1%PE42.4x
CPU ComputershareAU$29.283.4%
+AU$549.5m		-20.8%PE20.1x
C79 ChrysosAU$7.296.9%
+AU$54.7m		93.9%PS10.6x
SIQ SmartgroupAU$8.794.1%
+AU$46.1m		17.0%PE14.6x
IPH IPHAU$3.465.2%
+AU$42.6m		-23.1%PE12.3x

Latest News

CUP
AU$1.06
Count
7D
-0.5%
1Y
45.2%
CPU
AU$29.28
Computershare
7D
3.4%
1Y
-20.8%

CPU: Citi Upgrade And Higher EPS Guidance Will Support Bullish Setup

Analysts now see Computershare's fair value at about A$35.40, just below the prior A$35.94 view. The shift is tied to updated assumptions on discount rate, modestly lower revenue growth, slightly softer profit margin and a higher future P/E multiple, alongside recent upgrades and a A$39.60 price target from broader Street research.
MMS
AU$15.51
McMillan Shakespeare
7D
3.7%
1Y
7.8%

MMS: Share Buyback And Fully Franked Dividend Will Support Future Returns

Analysts have kept their A$17.86 price target for McMillan Shakespeare broadly unchanged, citing only minor tweaks to assumptions for discount rate, revenue growth, profit margin and future P/E. What's in the News The Board of Directors authorized a share buyback plan on February 23, 2026, signaling approval for capital to be used to repurchase shares over time (Key Developments).
RTH
AU$0.68
RAS Technology Holdings
7D
-5.6%
1Y
-9.3%
C79
AU$7.29
Chrysos
7D
6.9%
1Y
93.9%
IPH
AU$3.46
IPH
7D
5.2%
1Y
-23.1%

IPH: Share Buyback And Rising Dividend Will Support Future Re-Rating

Analysts have nudged their price target on IPH slightly higher to A$4.80, reflecting small adjustments to the discount rate and long term assumptions on revenue growth, profit margin and future P/E that leave the overall valuation framework broadly unchanged. What's in the News The Board of Directors authorized a buyback plan on 19 February 2026, signaling continued focus on capital management (Key Developments).
IGN
AU$0.59
Ignite
7D
-0.8%
1Y
-40.2%
ALQ
AU$22.63
ALS
7D
8.0%
1Y
52.1%

ALQ: Higher Discount Rate Will Likely Pressure P/E And Expose Downside Risk

The updated analyst price target for ALS has moved slightly lower to A$16.83 from A$17.24, as analysts factor in a higher discount rate, while expectations for revenue growth, profit margins and future P/E remain steady. Analyst Commentary Recent research highlights that the lower price target of A$16.83, compared with the prior A$17.24, reflects a more cautious stance on ALS, even as assumptions for revenue growth, margins and future P/E are unchanged.
SIQ
AU$8.79
Smartgroup
7D
4.1%
1Y
17.0%

SIQ: Dividend Payouts And Possible Merger Will Support Future Upside

Analysts have kept their Smartgroup valuation framework broadly unchanged, leaving the implied price target around A$9.44. Small technical adjustments to discount rate, revenue growth, profit margin and future P/E assumptions were largely offsetting.
HMI
AU$0.031
Hiremii
7D
-8.8%
1Y
-40.4%
FLN
AU$0.14
Freelancer
7D
-12.9%
1Y
-34.1%
RBR
AU$0.022
RBR Group
7D
-4.3%
1Y
-26.7%
AQN
AU$0.40
Aquirian
7D
-3.6%
1Y
45.5%
ASH
AU$0.19
Ashley Services Group
7D
-5.0%
1Y
8.6%
KPG
AU$4.90
Kelly Partners Group Holdings
7D
4.5%
1Y
-52.4%
SOP
AU$0.029
Synertec
7D
-3.3%
1Y
-23.7%

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