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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies469
  • 7D6.1%
  • 3M9.7%
  • 1Y40.6%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has risen 4.3%, driven by gains from BHP Group of 6.1%. Meanwhile, IperionX actually underperformed within the industry, shrinking 8.8% in the last week. This means that the industry has gained 40% over the past year. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026AU$389.3bAU$111.8bAU$13.9b10.8x28x3.5x
Mon, 23 Feb 2026AU$403.4bAU$108.4bAU$12.2b19x33.1x3.7x
Wed, 21 Jan 2026AU$380.5bAU$108.1bAU$9.3b20.5x40.9x3.5x
Fri, 19 Dec 2025AU$339.9bAU$110.4bAU$9.3b18.8x36.4x3.1x
Sun, 16 Nov 2025AU$327.6bAU$111.4bAU$9.5b15.7x34.5x2.9x
Tue, 14 Oct 2025AU$324.6bAU$111.6bAU$9.5b19.2x34x2.9x
Thu, 11 Sep 2025AU$290.6bAU$110.5bAU$9.2b16x31.5x2.6x
Sat, 09 Aug 2025AU$288.8bAU$116.8bAU$11.8b13.4x24.5x2.5x
Mon, 07 Jul 2025AU$268.9bAU$116.5bAU$11.7b12.8x22.9x2.3x
Wed, 04 Jun 2025AU$255.7bAU$117.8bAU$11.9b12.4x21.4x2.2x
Fri, 02 May 2025AU$255.3bAU$119.1bAU$12.2b11.7x20.9x2.1x
Sun, 30 Mar 2025AU$269.6bAU$120.6bAU$12.1b11.8x22.2x2.2x
Tue, 25 Feb 2025AU$283.9bAU$119.2bAU$12.4b11.2x22.9x2.4x
Thu, 23 Jan 2025AU$283.4bAU$123.2bAU$9.0b12.8x31.5x2.3x
Sat, 21 Dec 2024AU$275.0bAU$124.1bAU$9.1b13x30.1x2.2x
Mon, 18 Nov 2024AU$286.4bAU$120.5bAU$8.7b11.5x32.9x2.4x
Wed, 16 Oct 2024AU$312.1bAU$116.8bAU$8.3b12.9x37.5x2.7x
Fri, 13 Sep 2024AU$274.3bAU$117.5bAU$8.4b13.1x32.6x2.3x
Sun, 11 Aug 2024AU$285.1bAU$122.0bAU$9.3b15.6x30.8x2.3x
Tue, 09 Jul 2024AU$307.2bAU$119.6bAU$9.1b16.2x33.9x2.6x
Thu, 06 Jun 2024AU$317.7bAU$121.0bAU$9.2b16.2x34.6x2.6x
Sat, 04 May 2024AU$314.1bAU$121.9bAU$9.3b14.7x33.8x2.6x
Mon, 01 Apr 2024AU$316.9bAU$124.6bAU$9.3b13.4x34x2.5x
Wed, 28 Feb 2024AU$314.3bAU$123.0bAU$9.6b12.6x32.6x2.6x
Fri, 26 Jan 2024AU$339.4bAU$128.0bAU$21.0b10x16.2x2.7x
Sun, 24 Dec 2023AU$366.8bAU$124.9bAU$20.4b10x18x2.9x
Tue, 21 Nov 2023AU$343.4bAU$128.7bAU$21.1b9.7x16.2x2.7x
Thu, 19 Oct 2023AU$346.3bAU$131.5bAU$21.7b10.3x16x2.6x
Sat, 16 Sep 2023AU$342.1bAU$130.2bAU$21.7b9.7x15.8x2.6x
Mon, 14 Aug 2023AU$361.3bAU$140.1bAU$35.0b8.5x10.3x2.6x
Wed, 12 Jul 2023AU$353.4bAU$137.2bAU$34.2b8.9x10.3x2.6x
Fri, 09 Jun 2023AU$354.9bAU$136.9bAU$34.2b8.4x10.4x2.6x
Sun, 07 May 2023AU$352.5bAU$135.8bAU$33.7b8.3x10.5x2.6x
Tue, 04 Apr 2023AU$366.8bAU$136.1bAU$33.8b8.6x10.8x2.7x
Price to Earnings Ratio

10.8x


Total Market Cap: AU$366.8bTotal Earnings: AU$33.8bTotal Revenue: AU$136.1bTotal 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 6.4% 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 Market0.78%
Materials4.08%
Metals and Mining4.25%
Diversified Metals and Mining6.15%
Steel4.74%
Aluminum2.27%
Precious Metals and Minerals1.29%
Copper1.02%
Gold-0.78%
Silver-1.70%
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$50.376.1%
+AU$14.7b		26.9%PE17.2x
PLS PLS GroupAU$5.1521.7%
+AU$3.0b		180.7%PS17.2x
LTR LiontownAU$1.7721.3%
+AU$985.5m		169.5%PS13.9x
MIN Mineral ResourcesAU$56.699.7%
+AU$982.4m		124.2%PE27.8x
IGO IGOAU$7.9316.4%
+AU$846.4m		88.8%PS13.7x

Latest News

SYR
AU$0.13
Syrah Resources
7D
-19.4%
1Y
-50.0%
S32
AU$4.03
South32
7D
1.3%
1Y
19.6%

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.
LYC
AU$20.08
Lynas Rare Earths
7D
2.8%
1Y
175.8%
LTR
AU$1.77
Liontown
7D
21.3%
1Y
169.5%

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$50.37
BHP Group
7D
6.1%
1Y
26.9%

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.
IPX
AU$3.21
IperionX
7D
-8.8%
1Y
6.3%
MIN
AU$56.69
Mineral Resources
7D
9.7%
1Y
124.2%

MIN: Slightly Higher Fair Value Will Reflect Balanced Profitability And Multiple Assumptions

The analyst price target for Mineral Resources has been adjusted slightly higher to A$59.85 from A$59.77, with analysts citing updates in profit margin assumptions and valuation multiples as key drivers of the change. Valuation Changes Fair Value: A$59.77 to A$59.85, reflecting a very small upward adjustment in the modelled estimate.
PLS
AU$5.15
PLS Group
7D
21.7%
1Y
180.7%

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
-8.5%
1Y
451.3%
MI6
AU$0.60
Minerals 260
7D
-2.4%
1Y
n/a
DVP
AU$4.11
Develop Global
7D
-2.6%
1Y
44.2%
ARU
AU$0.27
Arafura Rare Earths
7D
-3.6%
1Y
50.0%

Ex China Rare Earth Supply Diversification And Long Term Offtake Contracts Will Support This Thesis

Catalysts About Arafura Rare Earths Arafura Rare Earths is developing the Nolans Project north of Alice Springs to produce NdPr oxide outside China. What are the underlying business or industry changes driving this perspective?
GNG
AU$3.81
GR Engineering Services
7D
-8.2%
1Y
28.3%
IGO
AU$7.93
IGO
7D
16.4%
1Y
88.8%
VYS
AU$0.67
Vysarn
7D
-8.3%
1Y
35.7%
SRL
AU$9.03
Sunrise Energy Metals
7D
22.9%
1Y
3,244.4%