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Australian (ASX) Professional Services Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies24
  • 7D3.8%
  • 3M-10.4%
  • 1Y-3.0%
  • YTD-9.3%

The Professional Services industry is up 3.8% in the last week, with Computershare up 4.1%. During this same period, the Klevo Rewards underperformed, falling 21%. In the past year, the industry is down 3.0%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026AU$32.9bAU$11.8bAU$1.4b14.8x24x2.8x
Fri, 13 Mar 2026AU$32.9bAU$11.8bAU$1.4b12.9x24.2x2.8x
Sun, 08 Feb 2026AU$34.6bAU$11.7bAU$1.4b19.4x25.4x3x
Tue, 06 Jan 2026AU$36.0bAU$11.9bAU$1.4b20.5x25.7x3x
Thu, 04 Dec 2025AU$36.7bAU$11.9bAU$1.4b19.1x25.9x3.1x
Sat, 01 Nov 2025AU$37.5bAU$11.8bAU$1.4b20.2x26.6x3.2x
Mon, 29 Sep 2025AU$35.9bAU$11.8bAU$1.4b19.3x25.5x3x
Wed, 27 Aug 2025AU$36.9bAU$11.8bAU$1.4b19.6x26.3x3.1x
Fri, 25 Jul 2025AU$37.8bAU$11.6bAU$1.3b17.4x28.6x3.3x
Sun, 22 Jun 2025AU$36.1bAU$11.7bAU$1.3b15.4x26.9x3.1x
Tue, 20 May 2025AU$37.7bAU$11.4bAU$1.1b16.4x34.4x3.3x
Thu, 17 Apr 2025AU$34.0bAU$11.5bAU$1.1b15.6x30.8x3x
Sat, 15 Mar 2025AU$34.3bAU$11.5bAU$1.1b15.6x30.8x3x
Mon, 10 Feb 2025AU$33.7bAU$11.3bAU$1.0b19.4x33.6x3x
Wed, 08 Jan 2025AU$33.2bAU$11.3bAU$1.0b19.7x33.2x2.9x
Fri, 06 Dec 2024AU$32.2bAU$11.2bAU$980.7m21.3x32.9x2.9x
Sun, 03 Nov 2024AU$27.3bAU$10.9bAU$973.8m20.5x28x2.5x
Tue, 01 Oct 2024AU$27.3bAU$10.6bAU$934.4m20.9x29.2x2.6x
Thu, 29 Aug 2024AU$30.9bAU$12.8bAU$1.0b18x30.1x2.4x
Sat, 27 Jul 2024AU$30.3bAU$13.5bAU$1.0b19.6x30x2.2x
Mon, 24 Jun 2024AU$29.0bAU$13.4bAU$1.0b19.8x28.9x2.2x
Wed, 22 May 2024AU$29.0bAU$13.4bAU$1.0b19.6x28.9x2.2x
Fri, 19 Apr 2024AU$30.6bAU$14.5bAU$1.5b20.4x21.1x2.1x
Sun, 17 Mar 2024AU$28.9bAU$14.4bAU$1.4b19.3x20.1x2x
Tue, 13 Feb 2024AU$28.0bAU$13.8bAU$1.2b20.3x22.8x2x
Thu, 11 Jan 2024AU$28.0bAU$13.7bAU$1.2b19.2x23.2x2x
Sat, 09 Dec 2023AU$27.0bAU$13.8bAU$1.2b18.5x22.3x2x
Mon, 06 Nov 2023AU$28.1bAU$13.7bAU$1.2b19.1x22.8x2x
Wed, 04 Oct 2023AU$28.6bAU$13.8bAU$1.2b17.8x23x2.1x
Fri, 01 Sep 2023AU$28.6bAU$13.6bAU$622.0m19.4x46x2.1x
Sun, 30 Jul 2023AU$28.9bAU$12.8bAU$668.4m18.5x43.3x2.3x
Tue, 27 Jun 2023AU$27.0bAU$12.8bAU$664.1m16.7x40.7x2.1x
Thu, 25 May 2023AU$27.2bAU$12.9bAU$661.0m16.3x41.2x2.1x
Sat, 22 Apr 2023AU$28.1bAU$12.8bAU$651.6m16.2x43.1x2.2x
Price to Earnings Ratio

43.1x


Total Market Cap: AU$28.1bTotal Earnings: AU$651.6mTotal Revenue: AU$12.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Professional Services Industry Price to Earnings3Y Average 29.2x202420252026
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 24.0x which is lower than its 3-year average PE of 29.2x.
  • 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 2.5% 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 Market3.84%
Industrials1.76%
Professional Services3.84%
Research and Consulting Services4.45%
HR Services0.079%
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 6.6% 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$29.694.1%
+AU$682.5m		-20.8%PE20.5x
ALQ ALSAU$21.912.3%
+AU$248.7m		43.2%PE41x
C79 ChrysosAU$7.295.2%
+AU$41.9m		92.3%PS10.6x
CUP CountAU$1.102.3%
+AU$41.6m		47.0%PE15.7x
MMS McMillan ShakespeareAU$15.241.9%
+AU$19.5m		3.7%PE10.6x

Latest News

CUP
AU$1.10
Count
7D
2.3%
1Y
47.0%
ALQ
AU$21.91
ALS
7D
2.3%
1Y
43.2%

ALQ: Higher Revenue Hopes And P/E Assumptions Will Likely Expose Downside Risk

Analysts have lifted their price target for ALS to about A$17.10 from roughly A$16.83, citing updated assumptions around revenue growth, profit margins and future P/E multiples following recent research such as the Goldman Sachs upgrade. Analyst Commentary While the latest research has supported a higher price target for ALS, not all commentary is upbeat.
FLN
AU$0.14
Freelancer
7D
-9.7%
1Y
-34.9%
SIQ
AU$8.54
Smartgroup
7D
0.4%
1Y
12.7%

SIQ: Dividends And Potential Merger Will Shape A Balanced Outlook

Analysts have kept Smartgroup's fair value unchanged at A$9.44, with only very small parameter tweaks such as a slightly different discount rate and future P/E assumption, so there is no material change to the overall price target outlook. What's in the News Smartgroup declared a fully franked ordinary dividend of A$0.215 per share for the six months ended December 31, 2025, payable on March 20, 2026, with an ex date of March 5, 2026 and a record date of March 6, 2026 (company announcement).
CPU
AU$29.69
Computershare
7D
4.1%
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$15.24
McMillan Shakespeare
7D
1.9%
1Y
3.7%

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).
C79
AU$7.29
Chrysos
7D
5.2%
1Y
92.3%
IPH
AU$3.42
IPH
7D
2.1%
1Y
-25.8%

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).
VRS
AU$0.055
Veris
7D
-6.8%
1Y
10.0%
HIT
AU$1.20
HiTech Group Australia
7D
-4.0%
1Y
-22.1%
AFL
AU$0.16
AF Legal Group
7D
-3.0%
1Y
39.1%
AMX
AU$0.23
Aerometrex
7D
-6.1%
1Y
-2.1%
AQN
AU$0.39
Aquirian
7D
-4.9%
1Y
34.5%
ASH
AU$0.20
Ashley Services Group
7D
-4.8%
1Y
14.3%
KPG
AU$5.03
Kelly Partners Group Holdings
7D
7.5%
1Y
-53.1%
KLV
AU$0.019
Klevo Rewards
7D
-20.8%
1Y
n/a