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Australian (ASX) Materials Sector Analysis

UpdatedSep 13, 2025
DataAggregated Company Financials
Companies707
  • 7D0.09%
  • 3M10.8%
  • 1Y12.8%
  • YTD12.4%

Over the last 7 days, the Materials industry has remained flat, although notably Northern Star Resources gained 6.3%. As for the the longer term, the industry is up 13% over the past 12 months. Looking forward, earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

Has the Australian Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 13 Sep 2025AU$557.4bAU$226.9bAU$19.1b18.9x29.1x2.5x
Mon, 11 Aug 2025AU$535.3bAU$235.1bAU$21.9b16.1x24.5x2.3x
Wed, 09 Jul 2025AU$493.2bAU$236.6bAU$21.8b14.4x22.6x2.1x
Fri, 06 Jun 2025AU$493.7bAU$237.2bAU$21.8b13.3x22.6x2.1x
Sun, 04 May 2025AU$469.0bAU$238.4bAU$22.5b12.5x20.9x2x
Tue, 01 Apr 2025AU$463.4bAU$242.8bAU$23.2b12.6x20x1.9x
Thu, 27 Feb 2025AU$486.0bAU$239.8bAU$22.5b13.4x21.6x2x
Sat, 25 Jan 2025AU$495.3bAU$244.2bAU$21.9b13.5x22.6x2x
Mon, 23 Dec 2024AU$479.4bAU$245.7bAU$22.1b13.4x21.6x2x
Wed, 20 Nov 2024AU$499.2bAU$240.0bAU$21.3b13.3x23.4x2.1x
Fri, 18 Oct 2024AU$530.8bAU$235.7bAU$21.3b15.8x24.9x2.3x
Sun, 15 Sep 2024AU$480.8bAU$236.0bAU$21.1b17x22.8x2x
Tue, 13 Aug 2024AU$479.7bAU$241.2bAU$22.2b13.7x21.6x2x
Thu, 11 Jul 2024AU$513.9bAU$238.0bAU$21.5b15.5x23.9x2.2x
Sat, 08 Jun 2024AU$556.8bAU$249.0bAU$22.4b16.2x24.8x2.2x
Mon, 06 May 2024AU$552.0bAU$251.0bAU$23.3b15.4x23.7x2.2x
Wed, 03 Apr 2024AU$564.9bAU$255.2bAU$23.5b15.5x24x2.2x
Fri, 01 Mar 2024AU$550.4bAU$253.7bAU$24.5b14.7x22.5x2.2x
Sun, 28 Jan 2024AU$613.2bAU$263.3bAU$35.0b14.6x17.5x2.3x
Tue, 26 Dec 2023AU$640.2bAU$258.8bAU$34.1b13.5x18.8x2.5x
Thu, 23 Nov 2023AU$602.2bAU$263.8bAU$35.1b12.8x17.1x2.3x
Sat, 21 Oct 2023AU$567.9bAU$271.4bAU$37.2b11.8x15.3x2.1x
Mon, 18 Sep 2023AU$592.1bAU$268.5bAU$37.1b12.3x15.9x2.2x
Wed, 16 Aug 2023AU$588.3bAU$279.4bAU$52.6b11.5x11.2x2.1x
Fri, 14 Jul 2023AU$606.5bAU$270.2bAU$50.5b11.1x12x2.2x
Sun, 11 Jun 2023AU$591.4bAU$273.0bAU$51.3b11.9x11.5x2.2x
Tue, 09 May 2023AU$599.6bAU$270.6bAU$51.0b10.6x11.7x2.2x
Thu, 06 Apr 2023AU$596.9bAU$271.6bAU$51.3b10.2x11.6x2.2x
Sat, 04 Mar 2023AU$614.8bAU$267.0bAU$51.2b11.3x12x2.3x
Mon, 30 Jan 2023AU$635.9bAU$259.7bAU$53.5b12.6x11.9x2.4x
Wed, 28 Dec 2022AU$579.1bAU$268.6bAU$56.2b11.4x10.3x2.2x
Fri, 25 Nov 2022AU$580.1bAU$268.7bAU$56.2b11.6x10.3x2.2x
Sun, 23 Oct 2022AU$512.0bAU$275.5bAU$58.3b10.1x8.8x1.9x
Tue, 20 Sep 2022AU$519.3bAU$265.3bAU$56.1b9.5x9.3x2x
Price to Earnings Ratio

9.3x


Total Market Cap: AU$519.3bTotal Earnings: AU$56.1bTotal Revenue: AU$265.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Materials Sector Price to Earnings3Y Average 18.2x202320242025
Current Industry PE
  • Investors are optimistic on the Australian Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 29.1x which is higher than its 3-year average PE of 18.2x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 30% per year over the last three years,
  • Revenues have also declined 5.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Australian Materials sector?

AU Market-0.074%
Materials0.088%
Packaging1.94%
Metals and Mining0.12%
Basic Materials-0.26%
Chemicals-0.54%
Paper and Forestry Products-0.99%
Industry PE
  • Investors are most optimistic about the Basic Materials industry which is trading above its 3-year average PE ratio of 27.5x.
    • Analysts are expecting annual earnings growth of 26.4%, which is lower than the prior year's growth of 43.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 85% over the next 5 years.
  • In contrast, the Metals and Mining industry is expected to see its earnings grow by 11% 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
NST Northern Star ResourcesAU$21.206.3%
+AU$1.8b		35.9%PE22.6x
EVN Evolution MiningAU$9.909.3%
+AU$1.7b		129.2%PE21.5x
RRL Regis ResourcesAU$5.8013.9%
+AU$537.6m		202.9%PE17.3x
CMM Capricorn MetalsAU$12.329.5%
+AU$461.8m		97.1%PE35.4x
VAU Vault MineralsAU$0.6610.0%
+AU$408.1m		100.0%PE18.9x

Latest News

CMM
AU$12.32
Capricorn Metals
7D
9.5%
1Y
97.1%

Capricorn Metals Ltd (ASX:CMM) Stocks Shoot Up 28% But Its P/E Still Looks Reasonable

Sep 12
Capricorn Metals Ltd (ASX:CMM) Stocks Shoot Up 28% But Its P/E Still Looks Reasonable
ILU
AU$5.69
Iluka Resources
7D
-9.8%
1Y
-6.9%
EVN
AU$9.90
Evolution Mining
7D
9.3%
1Y
129.2%

Gold Safe-Haven Demand Will Boost Outlook While Costs Persist

The consensus analyst price target for Evolution Mining has been revised upward to A$7.48, citing limited near-term catalysts after recent share outperformance. Analyst Commentary Limited near-term catalysts following recent stock outperformance.
RMS
AU$3.62
Ramelius Resources
7D
5.5%
1Y
58.8%

Ramelius Resources Limited (ASX:RMS) Shares Fly 28% But Investors Aren't Buying For Growth

Sep 11
Ramelius Resources Limited (ASX:RMS) Shares Fly 28% But Investors Aren't Buying For Growth
RRL
AU$5.80
Regis Resources
7D
13.9%
1Y
202.9%

Rising Gold Demand And McPhillamys Project Will Energize Future Outlook

Upward revisions to Regis Resources' revenue growth and net profit margin forecasts have driven a modest increase in the consensus analyst price target, now set at A$4.60. What's in the News Regis Resources reported gold production of 372,844 oz for the year ended June 30, 2025, down from 417,713 oz the previous year.
BHP
AU$40.81
BHP Group
7D
-1.9%
1Y
3.1%
IGO
AU$4.34
IGO
7D
-10.5%
1Y
-19.5%
IPX
AU$6.63
IperionX
7D
-8.9%
1Y
153.1%
RSG
AU$0.89
Resolute Mining
7D
26.4%
1Y
20.4%
NST
AU$21.20
Northern Star Resources
7D
6.3%
1Y
35.9%
GMD
AU$5.69
Genesis Minerals
7D
6.2%
1Y
158.6%

Is Genesis Minerals (ASX:GMD) A Risky Investment?

Sep 06
Is Genesis Minerals (ASX:GMD) A Risky Investment?
S32
AU$2.59
South32
7D
-1.9%
1Y
-18.8%
BSL
AU$22.29
BlueScope Steel
7D
-2.7%
1Y
11.0%

Infrastructure Renewal And Renewables Will Boost Global Steel Demand

As BlueScope Steel’s discount rate and future P/E remained essentially flat, analysts maintained the consensus price target at A$24.83, reflecting no material change in fair value expectations. What's in the News BlueScope Steel has extended its buyback plan duration by one year, now ending August 17, 2026.
PLS
AU$1.98
Pilbara Minerals
7D
-17.2%
1Y
-31.7%

Major Plant Expansions And Advanced Technology Will Unlock Lithium Potential

Analysts have raised Pilbara Minerals' price target to A$2.13, reflecting improved expectations for lithium prices and commodity fundamentals, though sentiment remains more neutral given recent share price appreciation and valuation concerns. Analyst Commentary Upward revisions to price targets based on expectations of higher lithium prices.
VAU
AU$0.66
Vault Minerals
7D
10.0%
1Y
100.0%

Vault Minerals Limited (ASX:VAU) Surges 25% Yet Its Low P/S Is No Reason For Excitement

Aug 24
Vault Minerals Limited (ASX:VAU) Surges 25% Yet Its Low P/S Is No Reason For Excitement
LTR
AU$0.80
Liontown Resources
7D
-14.5%
1Y
18.7%