Investors Still Waiting For A Pull Back In James Hardie Industries plc (ASX:JHX)
Jul 18
Have your own idea? Try our Stock Screener
Australian (ASX) Materials Sector Analysis
UpdatedJul 20, 2025
DataAggregated Company Financials
Companies713
- 7D1.9%
- 3M8.4%
- 1Y-0.9%
- YTD4.7%
In the last week, the Materials industry is up 1.9%, with BHP Group up 2.4%. During this same period, the South32 underperformed, falling 7.1%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 12% annually.
Sector Valuation and Performance
Has the Australian Materials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 20 Jul 2025 | AU$511.4b | AU$235.3b | AU$21.8b | 14.9x | 23.4x | 2.2x |
| Tue, 17 Jun 2025 | AU$487.6b | AU$237.1b | AU$21.9b | 13.4x | 22.3x | 2.1x |
| Thu, 15 May 2025 | AU$488.3b | AU$238.0b | AU$22.0b | 12.5x | 22.2x | 2.1x |
| Sat, 12 Apr 2025 | AU$443.2b | AU$243.5b | AU$23.3b | 12.7x | 19x | 1.8x |
| Mon, 10 Mar 2025 | AU$470.5b | AU$241.0b | AU$22.8b | 13.4x | 20.6x | 2x |
| Wed, 05 Feb 2025 | AU$495.5b | AU$246.7b | AU$22.2b | 13.9x | 22.3x | 2x |
| Fri, 03 Jan 2025 | AU$481.3b | AU$246.6b | AU$22.3b | 13.6x | 21.6x | 2x |
| Sun, 01 Dec 2024 | AU$504.4b | AU$239.3b | AU$21.2b | 13.2x | 23.8x | 2.1x |
| Tue, 29 Oct 2024 | AU$525.3b | AU$237.5b | AU$21.6b | 15x | 24.4x | 2.2x |
| Thu, 26 Sep 2024 | AU$510.9b | AU$231.9b | AU$21.0b | 16x | 24.3x | 2.2x |
| Sat, 24 Aug 2024 | AU$486.6b | AU$238.6b | AU$21.5b | 14.5x | 22.7x | 2x |
| Mon, 22 Jul 2024 | AU$511.7b | AU$239.2b | AU$21.7b | 15.6x | 23.6x | 2.1x |
| Wed, 19 Jun 2024 | AU$524.7b | AU$249.7b | AU$22.6b | 15.3x | 23.3x | 2.1x |
| Fri, 17 May 2024 | AU$572.2b | AU$248.9b | AU$22.7b | 16.1x | 25.2x | 2.3x |
| Sun, 14 Apr 2024 | AU$572.6b | AU$253.8b | AU$23.6b | 15.5x | 24.3x | 2.3x |
| Tue, 12 Mar 2024 | AU$545.7b | AU$252.0b | AU$24.4b | 14.7x | 22.4x | 2.2x |
| Thu, 08 Feb 2024 | AU$564.1b | AU$250.1b | AU$33.9b | 14.9x | 16.7x | 2.3x |
| Sat, 06 Jan 2024 | AU$627.6b | AU$261.2b | AU$34.6b | 14.7x | 18.1x | 2.4x |
| Mon, 04 Dec 2023 | AU$593.8b | AU$261.4b | AU$34.6b | 12.5x | 17.1x | 2.3x |
| Wed, 01 Nov 2023 | AU$566.4b | AU$270.2b | AU$37.0b | 11.4x | 15.3x | 2.1x |
| Fri, 29 Sep 2023 | AU$564.1b | AU$269.3b | AU$36.9b | 12x | 15.3x | 2.1x |
| Sun, 27 Aug 2023 | AU$574.6b | AU$268.9b | AU$40.7b | 11.8x | 14.1x | 2.1x |
| Tue, 25 Jul 2023 | AU$592.4b | AU$272.8b | AU$51.2b | 10.4x | 11.6x | 2.2x |
| Thu, 22 Jun 2023 | AU$606.0b | AU$272.4b | AU$51.1b | 11.6x | 11.9x | 2.2x |
| Sat, 20 May 2023 | AU$594.0b | AU$274.9b | AU$51.7b | 10.3x | 11.5x | 2.2x |
| Mon, 17 Apr 2023 | AU$615.9b | AU$272.7b | AU$51.6b | 10.9x | 11.9x | 2.3x |
| Wed, 15 Mar 2023 | AU$576.7b | AU$269.2b | AU$51.8b | 10.2x | 11.1x | 2.1x |
| Fri, 10 Feb 2023 | AU$626.0b | AU$263.0b | AU$55.0b | 13.1x | 11.4x | 2.4x |
| Sun, 08 Jan 2023 | AU$602.8b | AU$264.8b | AU$55.1b | 11.9x | 10.9x | 2.3x |
| Tue, 06 Dec 2022 | AU$603.5b | AU$267.2b | AU$55.8b | 12.6x | 10.8x | 2.3x |
| Thu, 03 Nov 2022 | AU$525.9b | AU$273.9b | AU$57.7b | 10.4x | 9.1x | 1.9x |
| Sat, 01 Oct 2022 | AU$508.4b | AU$271.3b | AU$57.4b | 8.9x | 8.9x | 1.9x |
| Mon, 29 Aug 2022 | AU$560.4b | AU$262.1b | AU$59.9b | 10.8x | 9.4x | 2.1x |
| Wed, 27 Jul 2022 | AU$501.6b | AU$252.5b | AU$48.7b | 10.8x | 10.3x | 2x |
Price to Earnings Ratio
10.3x
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 23.4x which is higher than its 3-year average PE of 17.3x.
- The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 23% per year over the last three years,
- Revenues have also declined 2.3% 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 | 2.18% | |
| Materials | 1.86% | |
| Chemicals | 2.50% | |
| Metals and Mining | 2.11% | |
| Packaging | 0.95% | |
| Paper and Forestry Products | -2.91% | |
| Basic Materials | -3.28% | |
Industry PE
- Investors are most optimistic about the Basic Materials industry which is trading above its 3-year average PE ratio of 25.8x.
- Analysts are expecting annual earnings growth of 23.7%, which is lower than the prior year's growth of 89.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 103% over the next 5 years.
- In contrast, the Packaging industry is expected to see its earnings decline 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BHP BHP Group | AU$40.29 | 2.4% +AU$4.7b | -3.5% | PE11.7x | |
| PLS Pilbara Minerals | AU$1.71 | 10.3% +AU$514.9m | -42.8% | PS6x | |
| NST Northern Star Resources | AU$16.52 | 1.7% +AU$385.5m | 15.5% | PE24.9x | |
| MIN Mineral Resources | AU$29.08 | 5.8% +AU$310.7m | -48.0% | PS1.1x | |
| LYC Lynas Rare Earths | AU$9.99 | 3.3% +AU$299.3m | 63.8% | PE183.9x |
