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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies463
  • 7D-2.3%
  • 3M22.0%
  • 1Y39.7%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has dropped 2.3%, driven by pullbacks in PLS Group and Mineral Resources of 11% and 13%, respectively. This takes the industry's 12 month performance to a gain of 39%. As for the next few years, earnings are expected to grow by 17% 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, 04 Feb 2026AU$389.1bAU$104.8bAU$8.8b21.5x44.2x3.7x
Fri, 02 Jan 2026AU$351.5bAU$109.0bAU$9.4b21.2x37.2x3.2x
Sun, 30 Nov 2025AU$324.2bAU$111.2bAU$9.5b17.4x34.2x2.9x
Tue, 28 Oct 2025AU$333.5bAU$111.1bAU$9.5b18.3x35.2x3x
Thu, 25 Sep 2025AU$300.0bAU$110.5bAU$9.2b15x32.7x2.7x
Sat, 23 Aug 2025AU$300.8bAU$114.4bAU$8.4b14.1x35.9x2.6x
Mon, 21 Jul 2025AU$283.0bAU$117.1bAU$11.8b13.7x23.9x2.4x
Wed, 18 Jun 2025AU$260.4bAU$116.7bAU$11.8b12.7x22.1x2.2x
Fri, 16 May 2025AU$265.7bAU$118.6bAU$12.1b11.9x21.9x2.2x
Sun, 13 Apr 2025AU$238.5bAU$120.4bAU$12.4b10.9x19.2x2x
Tue, 11 Mar 2025AU$266.2bAU$119.9bAU$12.2b12x21.8x2.2x
Thu, 06 Feb 2025AU$282.0bAU$123.2bAU$9.0b13.6x31.2x2.3x
Sat, 04 Jan 2025AU$279.8bAU$124.2bAU$9.1b13.4x30.7x2.3x
Mon, 02 Dec 2024AU$286.6bAU$119.4bAU$8.6b12.2x33.3x2.4x
Wed, 30 Oct 2024AU$305.3bAU$118.9bAU$8.6b13.2x35.6x2.6x
Fri, 27 Sep 2024AU$303.7bAU$114.5bAU$8.1b13.5x37.3x2.7x
Sun, 25 Aug 2024AU$284.9bAU$119.1bAU$8.9b13.1x32.1x2.4x
Tue, 23 Jul 2024AU$292.2bAU$120.7bAU$9.2b15.2x31.9x2.4x
Thu, 20 Jun 2024AU$304.2bAU$120.6bAU$9.2b14.5x33.2x2.5x
Sat, 18 May 2024AU$329.1bAU$120.9bAU$9.2b15.8x35.8x2.7x
Mon, 15 Apr 2024AU$327.6bAU$123.8bAU$9.4b13.9x34.8x2.6x
Wed, 13 Mar 2024AU$310.7bAU$122.9bAU$9.7b14.5x31.9x2.5x
Fri, 09 Feb 2024AU$325.3bAU$124.4bAU$20.8b9.9x15.7x2.6x
Sun, 07 Jan 2024AU$356.9bAU$126.2bAU$20.6b10.3x17.3x2.8x
Tue, 05 Dec 2023AU$341.5bAU$127.1bAU$20.8b9.8x16.4x2.7x
Thu, 02 Nov 2023AU$334.9bAU$132.0bAU$21.8b9.9x15.4x2.5x
Sat, 30 Sep 2023AU$340.6bAU$130.2bAU$21.6b9.7x15.8x2.6x
Mon, 28 Aug 2023AU$339.9bAU$130.2bAU$23.5b9x14.4x2.6x
Wed, 26 Jul 2023AU$362.9bAU$135.6bAU$33.7b8.6x10.8x2.7x
Fri, 23 Jun 2023AU$368.7bAU$135.5bAU$33.8b9x10.9x2.7x
Sun, 21 May 2023AU$360.1bAU$137.4bAU$34.2b8.9x10.5x2.6x
Tue, 18 Apr 2023AU$368.0bAU$136.4bAU$33.9b8.7x10.9x2.7x
Thu, 16 Mar 2023AU$355.2bAU$137.1bAU$34.5b8.4x10.3x2.6x
Sat, 11 Feb 2023AU$387.1bAU$134.8bAU$35.4b11.4x10.9x2.9x
Price to Earnings Ratio

10.9x


Total Market Cap: AU$387.1bTotal Earnings: AU$35.4bTotal Revenue: AU$134.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 24.8x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Diversified Metals and Mining industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 43.1x which is higher than its 3-year average PE of 24.8x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Diversified Metals and Mining industry have declined 37% per year over the last three years,
  • Revenues have also declined 7.9% 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 Market-1.35%
Materials-3.75%
Metals and Mining-3.77%
Diversified Metals and Mining-2.26%
Copper-0.08%
Steel-3.38%
Aluminum-5.72%
Gold-7.21%
Precious Metals and Minerals-10.53%
Silver-14.55%
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$50.130.8%
+AU$1.9b		26.8%PE19.8x
TVN TivanAU$0.4120.6%
+AU$158.1m		256.5%PS13421.2x
SRL Sunrise Energy MetalsAU$11.009.3%
+AU$124.9m		4,682.6%PS7943.7x
EQR EQ ResourcesAU$0.198.6%
+AU$75.9m		555.2%PS13.6x
TGN Tungsten MiningAU$0.3416.9%
+AU$55.9m		292.0%PS3615.8x

Latest News

FRS
AU$0.50
Forrestania Resources
7D
6.4%
1Y
5,455.6%
SRL
AU$11.00
Sunrise Energy Metals
7D
9.3%
1Y
4,682.6%
PLS
AU$4.41
PLS Group
7D
-11.1%
1Y
92.6%
ILU
AU$5.17
Iluka Resources
7D
-22.1%
1Y
17.0%
MIN
AU$55.56
Mineral Resources
7D
-13.2%
1Y
64.0%
ELV
AU$6.78
Elevra Lithium
7D
-26.0%
1Y
96.5%
TGN
AU$0.34
Tungsten Mining
7D
16.9%
1Y
292.0%
LTR
AU$1.83
Liontown
7D
-14.9%
1Y
175.2%

LTR: Execution And Commodity Price Risks Will Pressure Overextended Earnings Assumptions

Analysts have lifted their price target for Liontown from A$1.07 to A$1.63, citing adjustments to discount rates, revenue growth assumptions, profit margin forecasts and a lower future P/E multiple in their updated models. Analyst Commentary Analysts updating their models around the new A$1.63 price target are weighing both upside potential and execution risks around Liontown's growth plans and valuation reset.
BHP
AU$50.13
BHP Group
7D
0.8%
1Y
26.8%
S32
AU$4.51
South32
7D
0.2%
1Y
33.4%

S32: Mozal Power Uncertainty And Improved Margins Will Shape Steady Outlook

Analysts have lifted their price target on South32 to around A$4.15 from about A$3.50, pointing to updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of this change. What's in the News South32 plans to place the Mozal Aluminium operation on care and maintenance on or around 15 March 2026 after not securing a new electricity supply agreement beyond the expiry of the current deal in March 2026 (Key Developments).
LYC
AU$15.25
Lynas Rare Earths
7D
-4.7%
1Y
141.7%

LYC: Full Operations And Offtake Ramp Will Test Stretch Rare Earth Expectations

Analysts have nudged their Lynas Rare Earths price targets higher into the mid A$16 to high A$17 range, pointing to fresh Buy ratings, an Outperform initiation, and a slightly adjusted discount rate alongside updated assumptions for revenue growth, margins, and future P/E as full operations and new offtake agreements come through. Analyst Commentary Recent research on Lynas Rare Earths has leaned positive, with several firms either initiating or upgrading ratings while setting price targets in the mid A$16 to high A$17 range.
IGO
AU$8.52
IGO
7D
-9.1%
1Y
77.1%
MAU
AU$1.57
Magnetic Resources
7D
6.5%
1Y
28.3%
EQR
AU$0.19
EQ Resources
7D
8.6%
1Y
555.2%
IPX
AU$6.79
IperionX
7D
-15.7%
1Y
62.4%
TVN
AU$0.41
Tivan
7D
20.6%
1Y
256.5%