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Australian (ASX) Professional Services Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies23
  • 7D0.8%
  • 3M-0.4%
  • 1Y12.2%
  • YTD3.4%

In the last week, the Professional Services industry is flat overall, with Smartgroup standing out by going down 3.6%. As for the the longer term, the industry is up 12% over the past 12 months. 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
Thu, 29 Jan 2026AU$37.4bAU$11.7bAU$1.4b19.9x27.5x3.2x
Sat, 27 Dec 2025AU$36.3bAU$11.9bAU$1.4b20.5x26x3.1x
Mon, 24 Nov 2025AU$36.2bAU$12.0bAU$1.4b17.8x25.2x3x
Wed, 22 Oct 2025AU$38.3bAU$11.8bAU$1.4b19.8x27.1x3.2x
Fri, 19 Sep 2025AU$36.6bAU$11.7bAU$1.4b20x26.3x3.1x
Sun, 17 Aug 2025AU$38.9bAU$11.7bAU$1.3b22.4x29.1x3.3x
Tue, 15 Jul 2025AU$37.1bAU$11.6bAU$1.3b17.1x27.9x3.2x
Thu, 12 Jun 2025AU$37.3bAU$11.7bAU$1.3b16.2x27.9x3.2x
Sat, 10 May 2025AU$36.8bAU$11.5bAU$1.1b15.8x33.4x3.2x
Mon, 07 Apr 2025AU$33.0bAU$11.7bAU$1.2b15.6x28.6x2.8x
Wed, 05 Mar 2025AU$37.3bAU$11.6bAU$1.1b17x33.2x3.2x
Fri, 31 Jan 2025AU$33.6bAU$11.3bAU$1.0b20.6x33.3x3x
Sun, 29 Dec 2024AU$32.5bAU$11.4bAU$1.0b19x32.3x2.9x
Tue, 26 Nov 2024AU$31.7bAU$11.1bAU$972.9m19.7x32.6x2.8x
Thu, 24 Oct 2024AU$27.5bAU$10.8bAU$963.0m21x28.6x2.5x
Sat, 21 Sep 2024AU$28.3bAU$13.0bAU$724.8m20.7x39x2.2x
Mon, 19 Aug 2024AU$31.2bAU$12.9bAU$1.0b17.9x29.9x2.4x
Wed, 17 Jul 2024AU$29.5bAU$13.4bAU$991.3m19.5x29.7x2.2x
Fri, 14 Jun 2024AU$29.1bAU$13.4bAU$1.0b19.3x29.1x2.2x
Sun, 12 May 2024AU$29.5bAU$14.4bAU$1.4b19.3x20.6x2.1x
Tue, 09 Apr 2024AU$29.2bAU$14.4bAU$1.4b18.7x20.4x2x
Thu, 07 Mar 2024AU$29.5bAU$14.4bAU$1.4b20.3x20.5x2x
Sat, 03 Feb 2024AU$27.9bAU$13.8bAU$1.2b20.6x23.1x2x
Mon, 01 Jan 2024AU$27.9bAU$13.6bAU$1.2b18.6x23.4x2.1x
Wed, 29 Nov 2023AU$26.9bAU$13.8bAU$1.2b19.3x22.1x2x
Fri, 27 Oct 2023AU$27.5bAU$13.9bAU$1.3b18.4x21.9x2x
Sun, 24 Sep 2023AU$29.0bAU$13.8bAU$1.2b18.5x23.5x2.1x
Tue, 22 Aug 2023AU$28.2bAU$13.1bAU$694.9m18.6x40.6x2.2x
Thu, 20 Jul 2023AU$28.5bAU$12.8bAU$657.8m17.7x43.3x2.2x
Sat, 17 Jun 2023AU$27.7bAU$12.7bAU$651.0m17x42.5x2.2x
Mon, 15 May 2023AU$27.3bAU$12.8bAU$654.9m16.3x41.6x2.1x
Wed, 12 Apr 2023AU$27.5bAU$12.8bAU$653.9m16.8x42x2.1x
Fri, 10 Mar 2023AU$12.7bAU$7.3bAU$580.9m17.5x21.9x1.7x
Sun, 05 Feb 2023AU$13.7bAU$6.7bAU$488.8m20.1x28.1x2.1x
Price to Earnings Ratio

28.1x


Total Market Cap: AU$13.7bTotal Earnings: AU$488.8mTotal Revenue: AU$6.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Professional Services Industry Price to Earnings3Y Average 29.6x202420252026
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 29.6x.
  • The 3-year average PS ratio of 2.5x 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 41% per year over the last three years.
  • Revenues for these companies have grown 21% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Industrials industry?

AU Market1.54%
Industrials0.45%
Professional Services0.80%
Research and Consulting Services1.25%
HR Services-1.34%
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 80.2x.
    • Analysts are expecting annual earnings growth of 18.3%, which is lower than the prior year's growth of 129.9% 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 13.5x.
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 130% per year.
  • In contrast, the HR Services industry is expected to see its earnings grow by 5.7% 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$34.340.8%
+AU$150.4m		-1.0%PE23x
ALQ ALSAU$24.260.9%
+AU$111.7m		50.9%PE45.4x
C79 ChrysosAU$8.177.4%
+AU$65.2m		58.9%PS14.4x
IPH IPHAU$3.752.5%
+AU$23.5m		-25.4%PE14.3x
KLV Klevo RewardsAU$0.01770.0%
+AU$10.8m		n/aPS7.4x

Latest News

CUP
AU$1.12
Count
7D
1.8%
1Y
44.5%
CPU
AU$34.34
Computershare
7D
0.8%
1Y
-1.0%

CPU: AGM Update And New Buy Ratings Will Support Balanced FY26 Outlook

Narrative Update The updated analyst price target for Computershare has shifted from about A$37.40 to about A$36.40. Analysts attribute the change to modest adjustments in fair value, discount rate and growth assumptions, along with recent upgrades to Buy from Citi and Goldman Sachs that were supported by the company’s AGM update.
SIQ
AU$8.48
Smartgroup
7D
-3.6%
1Y
7.8%
IPH
AU$3.75
IPH
7D
2.5%
1Y
-25.4%

IPH: Index Removal And Leadership Change Will Shape Steady Outlook

Analysts have trimmed their price target on IPH to A$3.95. This reflects updated assumptions that keep fair value steady while fine tuning discount rate, revenue growth, profit margin and future P/E inputs.
ALQ
AU$24.26
ALS
7D
0.9%
1Y
50.9%

ALQ: Raised FY26 Guidance And Dividend Will Support Higher Future Returns

Analysts have nudged their price target for ALS up by A$1 to A$27, citing slightly adjusted assumptions around fair value, discount rate, revenue growth, profit margin and future P/E to reflect updated expectations. What's in the News ALS raised its fiscal 2026 guidance to target 6% to 8% organic revenue growth, up from 5% to 7%, and is aiming for steady margin improvement in FY26 (Corporate Guidance, Key Developments).
AQN
AU$0.43
Aquirian
7D
-1.1%
1Y
70.6%

Here's Why Aquirian (ASX:AQN) Can Afford Some Debt

Dec 22
Here's Why Aquirian (ASX:AQN) Can Afford Some Debt
RTH
AU$0.91
RAS Technology Holdings
7D
11.0%
1Y
21.3%

Take Care Before Jumping Onto RAS Technology Holdings Limited (ASX:RTH) Even Though It's 29% Cheaper

Dec 18
Take Care Before Jumping Onto RAS Technology Holdings Limited (ASX:RTH) Even Though It's 29% Cheaper
PPE
AU$0.71
Peoplein
7D
-9.6%
1Y
-22.8%

PPE: Higher Future Earnings Multiple Will Support Attractive Upside Through 2026

Analysts have trimmed their price target on Peoplein from approximately $1.21 to $1.16 per share. This reflects more cautious assumptions on revenue growth and profit margins, partially offset by a slightly higher future earnings multiple.
KLV
AU$0.017
Klevo Rewards
7D
70.0%
1Y
n/a
AMX
AU$0.24
Aerometrex
7D
-4.0%
1Y
-15.8%
C79
AU$8.17
Chrysos
7D
7.4%
1Y
58.9%
MMS
AU$17.27
McMillan Shakespeare
7D
0.9%
1Y
12.9%

If EPS Growth Is Important To You, McMillan Shakespeare (ASX:MMS) Presents An Opportunity

Nov 03
If EPS Growth Is Important To You, McMillan Shakespeare (ASX:MMS) Presents An Opportunity
KPG
AU$7.25
Kelly Partners Group Holdings
7D
-7.5%
1Y
-38.1%