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Australian (ASX) Professional Services Industry Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies23
  • 7D-5.5%
  • 3M-10.5%
  • 1Y-8.6%
  • YTD-11.9%

Over the last 7 days, the Professional Services industry has dropped 5.5%, driven by ALS declining 5.7%. The industry has fallen 8.6% in the last year. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026AU$31.9bAU$11.8bAU$1.4b13x23.3x2.7x
Fri, 13 Feb 2026AU$35.2bAU$11.7bAU$1.3b19.1x26.3x3x
Sun, 11 Jan 2026AU$36.3bAU$11.9bAU$1.4b19.9x25.9x3.1x
Tue, 09 Dec 2025AU$36.6bAU$11.9bAU$1.4b20x26x3.1x
Thu, 06 Nov 2025AU$37.5bAU$11.8bAU$1.4b19.4x26.5x3.2x
Sat, 04 Oct 2025AU$37.2bAU$11.7bAU$1.4b19.9x26.6x3.2x
Mon, 01 Sep 2025AU$37.2bAU$11.8bAU$1.4b19.4x26.4x3.2x
Wed, 30 Jul 2025AU$38.7bAU$11.7bAU$1.3b17.7x29x3.3x
Fri, 27 Jun 2025AU$36.3bAU$11.7bAU$1.3b15.3x27.2x3.1x
Sun, 25 May 2025AU$36.8bAU$11.4bAU$1.1b16.8x33.8x3.2x
Tue, 22 Apr 2025AU$34.4bAU$11.4bAU$1.1b15.6x31.4x3x
Thu, 20 Mar 2025AU$34.4bAU$11.5bAU$1.1b15.8x31x3x
Sat, 15 Feb 2025AU$38.1bAU$11.4bAU$1.1b19.6x35.1x3.3x
Mon, 13 Jan 2025AU$32.3bAU$11.4bAU$1.0b19x31.8x2.8x
Wed, 11 Dec 2024AU$32.0bAU$11.2bAU$985.5m21.3x32.5x2.9x
Fri, 08 Nov 2024AU$29.5bAU$10.8bAU$965.1m22.7x30.5x2.7x
Sun, 06 Oct 2024AU$27.3bAU$10.7bAU$946.7m20.6x28.8x2.5x
Tue, 03 Sep 2024AU$31.2bAU$13.0bAU$728.9m21.1x42.8x2.4x
Thu, 01 Aug 2024AU$30.8bAU$13.5bAU$1.0b18.3x30.3x2.3x
Sat, 29 Jun 2024AU$28.7bAU$13.4bAU$1.0b19.7x28.7x2.1x
Mon, 27 May 2024AU$28.6bAU$13.4bAU$1.0b19.5x28.5x2.1x
Wed, 24 Apr 2024AU$30.4bAU$14.5bAU$1.4b18.7x21x2.1x
Fri, 22 Mar 2024AU$29.7bAU$14.4bAU$1.4b19.5x20.8x2.1x
Sun, 18 Feb 2024AU$28.5bAU$14.0bAU$1.3b20.4x22.6x2x
Tue, 16 Jan 2024AU$28.3bAU$13.7bAU$1.2b19.7x23.6x2.1x
Thu, 14 Dec 2023AU$27.3bAU$13.8bAU$1.2b19.4x22.4x2x
Sat, 11 Nov 2023AU$27.4bAU$13.9bAU$1.3b18.9x21.9x2x
Mon, 09 Oct 2023AU$28.3bAU$13.8bAU$1.2b17.8x22.8x2x
Wed, 06 Sep 2023AU$28.9bAU$13.4bAU$1.0b19.5x28x2.2x
Fri, 04 Aug 2023AU$29.0bAU$12.9bAU$677.3m19.3x42.8x2.2x
Sun, 02 Jul 2023AU$27.6bAU$12.8bAU$665.0m17x41.5x2.2x
Tue, 30 May 2023AU$27.3bAU$12.9bAU$662.4m16.1x41.2x2.1x
Thu, 27 Apr 2023AU$28.1bAU$12.9bAU$656.8m16.2x42.8x2.2x
Sat, 25 Mar 2023AU$25.5bAU$12.8bAU$655.6m16.7x39x2x
Price to Earnings Ratio

39x


Total Market Cap: AU$25.5bTotal Earnings: AU$655.6mTotal Revenue: AU$12.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Professional Services Industry Price to Earnings3Y Average 29.7x202420252026
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 23.3x which is lower than its 3-year average PE of 29.7x.
  • 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 2.7% 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-1.20%
Industrials-2.06%
Professional Services-5.45%
HR Services-6.45%
Research and Consulting Services-7.77%
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 80.8x.
    • Analysts are expecting annual earnings growth of 18.3%, 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 18% 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 6.9% 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
CUP CountAU$1.132.7%
+AU$5.1m		51.7%PE13.4x
AQN AquirianAU$0.429.1%
+AU$3.7m		37.7%PS1.5x
SOP SynertecAU$0.02613.0%
+AU$1.6m		-42.2%PS0.7x
KLV Klevo RewardsAU$0.0273.8%
+AU$1.5m		n/aPS5.9x
1CG One Click GroupAU$0.0111.1%
+AU$1.3m		11.1%PS2.1x

Latest News

ALQ
AU$21.53
ALS
7D
-5.7%
1Y
42.8%

ALQ: Recent Upgrade And Stable Metrics Will Underpin Future Return Potential

Narrative Update on ALS The consensus analyst price target for ALS remains at A$28.00, with analysts pointing to steady assumptions for revenue growth, profit margins and future P/E, supported by a recent upgrade in Street research sentiment. Analyst Commentary Bullish analysts point to the A$28.00 consensus price target as a signal that the market view on ALS is anchored around steady assumptions for revenue growth, margins and future P/E, with sentiment recently supported by upgraded research.
SIQ
AU$7.66
Smartgroup
7D
-4.3%
1Y
10.9%

SIQ: Dividend Income And Potential Merger Will Support Future Upside

Analysts have nudged their Smartgroup price target slightly higher, with fair value moving from A$9.43 to A$9.44 as they refresh assumptions around revenue growth, profit margins and future P/E multiples. What's in the News Smartgroup declared a fully franked ordinary dividend of A$0.215 per share for the six months ended 31 December 2025, with an ex date of 5 March 2026, a record date of 6 March 2026 and payment on 20 March 2026 (company announcement).
CPU
AU$28.66
Computershare
7D
-2.2%
1Y
-25.3%

CPU: Citi Upgrade And Dividend Outlook Will Support Bullish Setup

Analysts have inched their fair value estimate for Computershare to about A$35.55 per share, a small adjustment that reflects updated discount rate and future P/E assumptions, along with recent Street research support, including the new A$39.60 price target from Citi. Analyst Commentary Recent commentary from bullish analysts has become more positive, with an upgraded rating and a formal A$39.60 price target helping anchor expectations around Computershare’s potential valuation range.
MMS
AU$14.09
McMillan Shakespeare
7D
-8.0%
1Y
6.7%

MMS: Share Buyback And Dividend Policy Will Support Future Returns

Analysts have nudged their price expectations for McMillan Shakespeare slightly lower, trimming the indicative fair value from about A$18.21 to A$17.86. This reflects a higher discount rate, modestly adjusted revenue growth assumptions, a slightly lower future P/E multiple, and a small change in expected profit margins.
FLN
AU$0.17
Freelancer
7D
-5.6%
1Y
3.0%
CUP
AU$1.13
Count
7D
2.7%
1Y
51.7%
1CG
AU$0.01
One Click Group
7D
11.1%
1Y
11.1%
RTH
AU$0.71
RAS Technology Holdings
7D
-12.9%
1Y
-5.3%
PPE
AU$0.63
Peoplein
7D
0.8%
1Y
-27.6%
AQN
AU$0.42
Aquirian
7D
9.1%
1Y
37.7%
ASH
AU$0.23
Ashley Services Group
7D
2.3%
1Y
25.0%
C79
AU$7.95
Chrysos
7D
-14.1%
1Y
88.4%
KPG
AU$5.04
Kelly Partners Group Holdings
7D
-8.0%
1Y
-56.7%
SOP
AU$0.026
Synertec
7D
13.0%
1Y
-42.2%

Synertec Corporation Limited's (ASX:SOP) Shares Leap 30% Yet They're Still Not Telling The Full Story

Feb 06
Synertec Corporation Limited's (ASX:SOP) Shares Leap 30% Yet They're Still Not Telling The Full Story
KLV
AU$0.027
Klevo Rewards
7D
3.8%
1Y
n/a