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Australian (ASX) Materials Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies711
  • 7D4.0%
  • 3M11.2%
  • 1Y22.2%
  • YTD24.6%

In the last week, the Materials industry is up 4.0%, with Northern Star Resources leading the way, up 8.9%. This takes the industry's 12 month performance to a gain of 22%. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Nov 2025AU$623.0bAU$225.0bAU$19.7b22.9x31.7x2.8x
Tue, 14 Oct 2025AU$604.9bAU$227.5bAU$19.3b23.4x31.3x2.7x
Thu, 11 Sep 2025AU$542.6bAU$227.7bAU$19.3b18.2x28.2x2.4x
Sat, 09 Aug 2025AU$535.2bAU$235.0bAU$21.8b16.1x24.5x2.3x
Mon, 07 Jul 2025AU$497.5bAU$236.4bAU$21.8b14.5x22.9x2.1x
Wed, 04 Jun 2025AU$485.6bAU$238.4bAU$22.0b13.3x22x2x
Fri, 02 May 2025AU$464.8bAU$240.2bAU$22.7b12.4x20.4x1.9x
Sun, 30 Mar 2025AU$478.7bAU$242.1bAU$22.7b12.8x21.1x2x
Tue, 25 Feb 2025AU$498.7bAU$238.4bAU$22.9b14.5x21.8x2.1x
Thu, 23 Jan 2025AU$502.3bAU$245.0bAU$22.0b13x22.8x2.1x
Sat, 21 Dec 2024AU$479.3bAU$246.4bAU$22.2b13.4x21.6x1.9x
Mon, 18 Nov 2024AU$493.3bAU$240.9bAU$21.4b13x23x2x
Wed, 16 Oct 2024AU$533.2bAU$235.2bAU$21.2b16.1x25.1x2.3x
Fri, 13 Sep 2024AU$469.7bAU$236.5bAU$21.0b16.4x22.3x2x
Sun, 11 Aug 2024AU$481.5bAU$241.7bAU$22.3b13.8x21.6x2x
Tue, 09 Jul 2024AU$521.8bAU$240.7bAU$21.8b15.4x24x2.2x
Thu, 06 Jun 2024AU$549.9bAU$249.4bAU$22.6b16.2x24.4x2.2x
Sat, 04 May 2024AU$552.0bAU$251.7bAU$23.4b15.4x23.6x2.2x
Mon, 01 Apr 2024AU$559.6bAU$254.8bAU$23.5b15.4x23.8x2.2x
Wed, 28 Feb 2024AU$550.3bAU$252.2bAU$24.2b13.9x22.7x2.2x
Fri, 26 Jan 2024AU$613.1bAU$263.1bAU$35.0b14.6x17.5x2.3x
Sun, 24 Dec 2023AU$640.5bAU$258.7bAU$34.1b13.5x18.8x2.5x
Tue, 21 Nov 2023AU$595.0bAU$264.0bAU$35.2b12.8x16.9x2.3x
Thu, 19 Oct 2023AU$584.2bAU$270.0bAU$36.9b11.6x15.8x2.2x
Sat, 16 Sep 2023AU$577.6bAU$268.2bAU$37.1b12.5x15.5x2.2x
Mon, 14 Aug 2023AU$598.8bAU$278.8bAU$52.6b11.2x11.4x2.1x
Wed, 12 Jul 2023AU$590.2bAU$274.8bAU$51.7b11x11.4x2.1x
Fri, 09 Jun 2023AU$585.3bAU$274.5bAU$51.7b11.2x11.3x2.1x
Sun, 07 May 2023AU$591.2bAU$271.7bAU$51.3b10.5x11.5x2.2x
Tue, 04 Apr 2023AU$598.6bAU$268.1bAU$50.5b10.2x11.9x2.2x
Thu, 02 Mar 2023AU$598.2bAU$266.3bAU$51.1b10.8x11.7x2.2x
Sat, 28 Jan 2023AU$635.9bAU$259.6bAU$53.6b12.6x11.9x2.4x
Mon, 26 Dec 2022AU$579.1bAU$268.7bAU$56.2b11.4x10.3x2.2x
Wed, 23 Nov 2022AU$570.0bAU$272.0bAU$57.2b11.6x10x2.1x
Price to Earnings Ratio

10x


Total Market Cap: AU$570.0bTotal Earnings: AU$57.2bTotal Revenue: AU$272.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Materials Sector Price to Earnings3Y Average 19.5x202320242025
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 31.7x which is higher than its 3-year average PE of 19.5x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.8x.
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 6.1% 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-1.55%
Materials4.04%
Packaging11.32%
Chemicals5.90%
Metals and Mining4.09%
Paper and Forestry Products-0.43%
Basic Materials-1.05%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 28.8%, which is lower than the prior year's growth of 156.7% 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 16% 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$26.508.9%
+AU$3.1b		67.2%PE28.3x
PLS Pilbara MineralsAU$3.8230.4%
+AU$2.9b		20.9%PS16x
EVN Evolution MiningAU$11.578.5%
+AU$1.8b		150.4%PE25.4x
MIN Mineral ResourcesAU$50.7419.2%
+AU$1.6b		51.3%PS2.2x
IGO IGOAU$6.7334.9%
+AU$1.3b		32.2%PS9.6x

Latest News

JHX
AU$25.79
James Hardie Industries
7D
-1.3%
1Y
-54.4%

James Hardie Industries plc (ASX:JHX) Shares Slammed 26% But Getting In Cheap Might Be Difficult Regardless

Nov 15
James Hardie Industries plc (ASX:JHX) Shares Slammed 26% But Getting In Cheap Might Be Difficult Regardless
VSL
AU$6.90
Vulcan Steel
7D
-5.9%
1Y
-6.9%
LTR
AU$1.47
Liontown Resources
7D
43.6%
1Y
71.3%
NST
AU$26.50
Northern Star Resources
7D
8.9%
1Y
67.2%
ORI
AU$23.85
Orica
7D
7.2%
1Y
31.8%
EVN
AU$11.57
Evolution Mining
7D
8.5%
1Y
150.4%

Evolution Mining Limited's (ASX:EVN) CEO Looks Like They Deserve Their Pay Packet

Nov 13
Evolution Mining Limited's (ASX:EVN) CEO Looks Like They Deserve Their Pay Packet
MIN
AU$50.74
Mineral Resources
7D
19.2%
1Y
51.3%
CRN
AU$0.27
Coronado Global Resources
7D
-19.7%
1Y
-72.0%
CIA
AU$5.26
Champion Iron
7D
-3.0%
1Y
-3.5%
BRE
AU$4.38
Brazilian Rare Earths
7D
-5.8%
1Y
55.3%
LYC
AU$14.18
Lynas Rare Earths
7D
4.9%
1Y
98.6%

LYC: Profit Margins Will Improve Amid Global Rare Earth Supply Chain Shifts

Analysts have raised their price target for Lynas Rare Earths from $15.69 to $15.94. This update reflects improved profit margin expectations and minor upgrades to growth forecasts.
PLS
AU$3.82
Pilbara Minerals
7D
30.4%
1Y
20.9%

PLS: Recent Price Rally Will Limit Further Upside Amid Market Uncertainty

The average analyst price target for Pilbara Minerals has increased by A$0.46 to A$2.69, as analysts cite improving profit margins, stronger forecasted revenue growth, and expectations of firmer lithium prices as key drivers behind the upward revision. Analyst Commentary Recent updates from equity research firms reflect a diversity of opinion on the outlook for Pilbara Minerals, with revisions both upwards and downwards in response to developments in the lithium market and company-specific performance.
IGO
AU$6.73
IGO
7D
34.9%
1Y
32.2%
ATR
AU$0.70
Astron
7D
-12.5%
1Y
7.7%
WTM
AU$0.52
Waratah Minerals
7D
-26.4%
1Y
94.3%
SGM
AU$15.59
Sims
7D
-3.1%
1Y
24.0%