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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies469
  • 7D8.4%
  • 3M11.3%
  • 1Y46.8%
  • YTDn/a

In the last week, the Diversified Metals and Mining industry is up 8.4%, with BHP Group up 3.9%. This takes the industry's 12 month performance to a gain of 47%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

Has the Australian Diversified Metals and Mining Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026AU$391.3bAU$112.3bAU$14.0b10.9x28x3.5x
Fri, 27 Feb 2026AU$438.5bAU$108.2bAU$12.5b18.7x35.1x4.1x
Sun, 25 Jan 2026AU$391.5bAU$106.1bAU$9.0b21.1x43.5x3.7x
Tue, 23 Dec 2025AU$345.9bAU$109.9bAU$9.3b20.5x37.3x3.1x
Thu, 20 Nov 2025AU$318.3bAU$112.0bAU$9.6b18.1x33.2x2.8x
Sat, 18 Oct 2025AU$335.6bAU$112.3bAU$9.6b19.2x34.8x3x
Mon, 15 Sep 2025AU$293.6bAU$109.8bAU$9.1b14.1x32.3x2.7x
Wed, 13 Aug 2025AU$298.0bAU$117.4bAU$11.9b13.6x25.1x2.5x
Fri, 11 Jul 2025AU$267.1bAU$116.2bAU$11.7b13.6x22.8x2.3x
Sun, 08 Jun 2025AU$264.0bAU$117.2bAU$11.8b12.1x22.3x2.3x
Tue, 06 May 2025AU$255.5bAU$117.4bAU$11.9b11.9x21.5x2.2x
Thu, 03 Apr 2025AU$257.7bAU$120.3bAU$12.4b11.5x20.8x2.1x
Sat, 01 Mar 2025AU$271.9bAU$121.8bAU$12.4b11.3x21.9x2.2x
Mon, 27 Jan 2025AU$279.4bAU$122.7bAU$9.0b12.8x31.2x2.3x
Wed, 25 Dec 2024AU$277.1bAU$123.9bAU$9.1b13.4x30.4x2.2x
Fri, 22 Nov 2024AU$284.3bAU$119.5bAU$8.6b12x33x2.4x
Sun, 20 Oct 2024AU$300.5bAU$116.8bAU$8.3b13.2x36.1x2.6x
Tue, 17 Sep 2024AU$278.1bAU$116.6bAU$8.4b15.5x33.1x2.4x
Thu, 15 Aug 2024AU$276.8bAU$121.2bAU$9.2b15.6x30.2x2.3x
Sat, 13 Jul 2024AU$307.6bAU$119.1bAU$9.0b16.7x34.2x2.6x
Mon, 10 Jun 2024AU$320.9bAU$122.0bAU$9.3b16.2x34.6x2.6x
Wed, 08 May 2024AU$320.6bAU$121.6bAU$9.2b15.2x34.8x2.6x
Fri, 05 Apr 2024AU$321.4bAU$123.1bAU$9.2b13.8x35x2.6x
Sun, 03 Mar 2024AU$325.1bAU$123.5bAU$9.8b16.7x33.1x2.6x
Tue, 30 Jan 2024AU$336.5bAU$127.9bAU$21.0b9.9x16x2.6x
Thu, 28 Dec 2023AU$371.6bAU$124.4bAU$20.3b10.5x18.3x3x
Sat, 25 Nov 2023AU$344.4bAU$128.4bAU$21.1b9.8x16.3x2.7x
Mon, 23 Oct 2023AU$333.2bAU$132.5bAU$21.9b9.7x15.2x2.5x
Wed, 20 Sep 2023AU$347.9bAU$130.0bAU$21.6b8.2x16.1x2.7x
Fri, 18 Aug 2023AU$339.9bAU$141.3bAU$35.3b8.4x9.6x2.4x
Sun, 16 Jul 2023AU$368.0bAU$134.4bAU$33.4b9x11x2.7x
Tue, 13 Jun 2023AU$359.0bAU$135.7bAU$33.8b8.4x10.6x2.6x
Thu, 11 May 2023AU$357.8bAU$135.7bAU$33.7b8.3x10.6x2.6x
Sat, 08 Apr 2023AU$352.8bAU$137.1bAU$34.1b8.4x10.3x2.6x
Price to Earnings Ratio

10.3x


Total Market Cap: AU$352.8bTotal Earnings: AU$34.1bTotal Revenue: AU$137.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 26x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian Diversified Metals and Mining 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 26.0x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Diversified Metals and Mining industry have declined 26% per year over the last three years,
  • Revenues have also declined 6.3% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Australian Diversified Metals and Mining compare with similar industries?

AU Market0.96%
Materials7.84%
Metals and Mining8.21%
Diversified Metals and Mining8.36%
Precious Metals and Minerals13.22%
Gold9.44%
Copper8.09%
Aluminum7.39%
Silver7.17%
Steel5.60%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BHP BHP GroupAU$50.393.9%
+AU$9.5b		29.6%PE17.1x
PLS PLS GroupAU$5.1212.8%
+AU$1.9b		222.0%PS17.1x
S32 South32AU$4.278.7%
+AU$1.5b		33.0%PE33.3x
LTR LiontownAU$1.709.7%
+AU$476.9m		190.6%PS13.4x
IGO IGOAU$7.857.2%
+AU$400.5m		101.8%PS13.5x

Latest News

ILU
AU$6.60
Iluka Resources
7D
12.1%
1Y
67.5%
SYR
AU$0.13
Syrah Resources
7D
-10.3%
1Y
-44.7%

SYR: Equity Raising And Higher Discount Rate Will Pressure Future Returns

Analysts have reduced their fair value estimate for Syrah Resources from A$0.29 to A$0.10. This reflects updated assumptions that include a higher 11.93% discount rate, an 87.22% revenue growth outlook, a 24.46% profit margin and a future P/E of 2.88.
TG1
AU$0.036
TechGen Metals
7D
-41.0%
1Y
20.0%
ADN
AU$0.009
Andromeda Metals
7D
-25.0%
1Y
12.5%

Here's Why We're Watching Andromeda Metals' (ASX:ADN) Cash Burn Situation

Mar 27
Here's Why We're Watching Andromeda Metals' (ASX:ADN) Cash Burn Situation
S32
AU$4.27
South32
7D
8.7%
1Y
33.0%

S32: UBS Upgrade And West Musgrave Option Will Shape Bullish Outlook

South32's updated analyst price target has moved from A$4.69 to A$4.78, with analysts pointing to refreshed fair value estimates and slightly adjusted discount rate and P/E assumptions following recent target hikes and upgrades from the Street. Analyst Commentary Recent research points to a more refined view of South32, with target changes and an upgrade reflecting how analysts are reassessing valuation, execution risks and growth options rather than reacting to a single catalyst.
IMD
AU$3.84
Imdex
7D
15.0%
1Y
30.2%
LYC
AU$18.96
Lynas Rare Earths
7D
-3.1%
1Y
168.6%
LTR
AU$1.70
Liontown
7D
9.7%
1Y
190.6%

LTR: Higher P/E Outlook Will Reward Successful Execution Despite Raised Discount Rate

Analysts have slightly reduced their fair value estimate for Liontown from about A$1.83 to A$1.79, citing updated assumptions for revenue growth, profit margins and a higher discount rate, along with a revised future P/E outlook following recent Street research. Analyst Commentary Street research around the recent upgrade focuses on how updated revenue, margin and P/E assumptions line up with Liontown's current fair value and execution risks.
BHP
AU$50.39
BHP Group
7D
3.9%
1Y
29.6%

BHP: Commodity Cycles And China Recovery Will Shape Fairly Valued Outlook

Analysts have adjusted the BHP Group fair value estimate slightly higher to A$52.50. This reflects refreshed price targets that balance updated revenue and margin assumptions with mixed views on commodity exposure and valuation.
PLS
AU$5.12
PLS Group
7D
12.8%
1Y
222.0%

PLS: Higher Margins And Steady Output Will Support Stronger Share Pricing

Analysts have modestly revised their price target on PLS Group to A$5.80. This reflects slightly updated assumptions around discount rate, revenue growth, profit margin and future P/E, while keeping their overall valuation view broadly unchanged.
EUR
AU$0.21
European Lithium
7D
-4.5%
1Y
425.0%
LIN
AU$0.89
Lindian Resources
7D
24.6%
1Y
831.6%
PXX
AU$0.014
PolarX
7D
-22.2%
1Y
133.3%
ELT
AU$0.34
Elementos
7D
-8.1%
1Y
300.0%
GNG
AU$3.88
GR Engineering Services
7D
-1.5%
1Y
33.8%
IGO
AU$7.85
IGO
7D
7.2%
1Y
101.8%