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Australian (ASX) Metals and Mining Industry Analysis
UpdatedAug 20, 2025
DataAggregated Company Financials
Companies673
- 7D1.9%
- 3M11.8%
- 1Y15.1%
- YTD13.6%
The Metals and Mining industry is up 1.9% in the last week, with Northern Star Resources up 2.5%. This means that the industry has gained 15% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.
Industry Valuation and Performance
Has the Australian Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Aug 2025 | AU$503.5b | AU$201.8b | AU$17.8b | 15.1x | 28.2x | 2.5x |
| Sat, 19 Jul 2025 | AU$467.0b | AU$204.3b | AU$21.6b | 13.6x | 21.6x | 2.3x |
| Mon, 16 Jun 2025 | AU$449.7b | AU$205.0b | AU$21.7b | 12.9x | 20.7x | 2.2x |
| Wed, 14 May 2025 | AU$442.4b | AU$206.7b | AU$22.0b | 12.1x | 20.1x | 2.1x |
| Fri, 11 Apr 2025 | AU$405.2b | AU$212.0b | AU$22.9b | 11.3x | 17.7x | 1.9x |
| Sun, 09 Mar 2025 | AU$424.3b | AU$208.5b | AU$22.3b | 12.1x | 19x | 2x |
| Tue, 04 Feb 2025 | AU$446.9b | AU$214.7b | AU$21.7b | 13.5x | 20.6x | 2.1x |
| Thu, 02 Jan 2025 | AU$434.6b | AU$214.7b | AU$21.8b | 12.8x | 19.9x | 2x |
| Sat, 30 Nov 2024 | AU$453.3b | AU$207.5b | AU$20.7b | 12x | 21.9x | 2.2x |
| Mon, 28 Oct 2024 | AU$473.0b | AU$205.6b | AU$20.6b | 13.5x | 23x | 2.3x |
| Wed, 25 Sep 2024 | AU$446.1b | AU$201.1b | AU$20.0b | 12.8x | 22.3x | 2.2x |
| Fri, 23 Aug 2024 | AU$442.3b | AU$206.3b | AU$20.6b | 13.2x | 21.5x | 2.1x |
| Sun, 21 Jul 2024 | AU$463.8b | AU$207.8b | AU$20.6b | 14x | 22.5x | 2.2x |
| Tue, 18 Jun 2024 | AU$467.2b | AU$210.2b | AU$21.0b | 13.4x | 22.3x | 2.2x |
| Thu, 16 May 2024 | AU$501.8b | AU$210.0b | AU$21.0b | 15x | 23.8x | 2.4x |
| Sat, 13 Apr 2024 | AU$508.5b | AU$213.3b | AU$21.6b | 13.7x | 23.5x | 2.4x |
| Mon, 11 Mar 2024 | AU$492.3b | AU$211.5b | AU$22.0b | 12.5x | 22.4x | 2.3x |
| Wed, 07 Feb 2024 | AU$495.2b | AU$210.6b | AU$31.6b | 11.6x | 15.7x | 2.4x |
| Fri, 05 Jan 2024 | AU$579.5b | AU$220.1b | AU$32.2b | 12.5x | 18x | 2.6x |
| Sun, 03 Dec 2023 | AU$537.7b | AU$221.3b | AU$32.4b | 11x | 16.6x | 2.4x |
| Tue, 31 Oct 2023 | AU$522.4b | AU$228.1b | AU$34.0b | 10.3x | 15.4x | 2.3x |
| Thu, 28 Sep 2023 | AU$510.5b | AU$228.0b | AU$34.2b | 10.6x | 14.9x | 2.2x |
| Sat, 26 Aug 2023 | AU$519.8b | AU$226.9b | AU$37.5b | 10.6x | 13.8x | 2.3x |
| Mon, 24 Jul 2023 | AU$548.7b | AU$232.1b | AU$48.3b | 9.9x | 11.4x | 2.4x |
| Wed, 21 Jun 2023 | AU$559.9b | AU$230.6b | AU$47.9b | 10.1x | 11.7x | 2.4x |
| Fri, 19 May 2023 | AU$543.5b | AU$233.9b | AU$48.9b | 9.5x | 11.1x | 2.3x |
| Sun, 16 Apr 2023 | AU$566.3b | AU$232.7b | AU$48.7b | 9.7x | 11.6x | 2.4x |
| Tue, 14 Mar 2023 | AU$539.5b | AU$229.9b | AU$48.8b | 9.8x | 11.1x | 2.3x |
| Thu, 09 Feb 2023 | AU$574.1b | AU$224.0b | AU$51.8b | 12.1x | 11.1x | 2.6x |
| Sat, 07 Jan 2023 | AU$557.4b | AU$226.1b | AU$52.0b | 10.8x | 10.7x | 2.5x |
| Mon, 05 Dec 2022 | AU$548.0b | AU$228.0b | AU$52.6b | 11.8x | 10.4x | 2.4x |
| Wed, 02 Nov 2022 | AU$472.0b | AU$237.0b | AU$55.3b | 9.7x | 8.5x | 2x |
| Fri, 30 Sep 2022 | AU$460.9b | AU$234.5b | AU$55.1b | 8.5x | 8.4x | 2x |
| Sun, 28 Aug 2022 | AU$509.5b | AU$226.1b | AU$57.6b | 8.9x | 8.8x | 2.3x |
Price to Earnings Ratio
8.8x
Current Industry PE
- Investors are optimistic on the Australian Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 28.2x which is higher than its 3-year average PE of 16.9x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 31% per year over the last three years,
- Revenues have also declined 3.1% 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 industry?
| AU Market | 0.32% | |
| Materials | 1.91% | |
| Metals and Mining | 1.90% | |
| Copper | 4.27% | |
| Gold | 3.29% | |
| Diversified Metals and Mining | 2.02% | |
| Aluminum | 0.30% | |
| Precious Metals and Minerals | -0.31% | |
| Steel | -0.31% | |
| Silver | -4.14% | |
Industry PE
- Investors are most optimistic about the Copper industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 25.0% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings growth rate of 2.0% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 8.0% 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 | |
|---|---|---|---|---|---|
| NST Northern Star Resources | AU$18.22 | 2.5% +AU$655.7m | 22.3% | PE27.5x | |
| GGP Greatland Resources | AU$5.47 | 9.8% +AU$328.7m | n/a | PE202.7x | |
| LYC Lynas Rare Earths | AU$13.98 | 2.6% +AU$327.4m | 105.3% | PE257.3x | |
| GMD Genesis Minerals | AU$4.39 | 5.0% +AU$237.4m | 98.6% | PE41.4x | |
| WGX Westgold Resources | AU$3.16 | 6.4% +AU$179.3m | 3.6% | PE28.9x |
