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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedJan 22, 2026
DataAggregated Company Financials
Companies461
  • 7D1.5%
  • 3M15.8%
  • 1Y36.8%
  • YTDn/a

In the last week, the Diversified Metals and Mining industry is flat overall, with 29Metals standing out by going down 33%. As for the the longer term, the industry is up 32% over the past 12 months. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 22 Jan 2026AU$388.4bAU$108.0bAU$9.3b21x41.9x3.6x
Sat, 20 Dec 2025AU$338.6bAU$110.4bAU$9.4b18.8x36.2x3.1x
Mon, 17 Nov 2025AU$327.7bAU$111.4bAU$9.5b15.7x34.5x2.9x
Wed, 15 Oct 2025AU$335.1bAU$112.7bAU$9.7b19.9x34.5x3x
Fri, 12 Sep 2025AU$289.5bAU$110.5bAU$9.2b16x31.3x2.6x
Sun, 10 Aug 2025AU$288.8bAU$116.9bAU$11.8b13.4x24.5x2.5x
Tue, 08 Jul 2025AU$267.2bAU$117.2bAU$11.9b12.7x22.5x2.3x
Thu, 05 Jun 2025AU$259.6bAU$117.6bAU$11.9b12x21.8x2.2x
Sat, 03 May 2025AU$257.2bAU$118.3bAU$12.0b11.8x21.4x2.2x
Mon, 31 Mar 2025AU$269.6bAU$120.5bAU$12.4b11.8x21.7x2.2x
Wed, 26 Feb 2025AU$280.9bAU$119.6bAU$12.0b11.4x23.4x2.3x
Fri, 24 Jan 2025AU$278.4bAU$123.5bAU$9.0b12.8x30.8x2.3x
Sun, 22 Dec 2024AU$275.0bAU$123.7bAU$9.1b13x30.3x2.2x
Tue, 19 Nov 2024AU$289.4bAU$120.5bAU$8.7b11.9x33.2x2.4x
Thu, 17 Oct 2024AU$308.7bAU$117.2bAU$8.4b13.2x36.9x2.6x
Sat, 14 Sep 2024AU$279.0bAU$117.2bAU$8.4b13.5x33.1x2.4x
Mon, 12 Aug 2024AU$285.1bAU$122.0bAU$9.3b15.6x30.8x2.3x
Wed, 10 Jul 2024AU$307.3bAU$119.6bAU$9.0b16.2x34x2.6x
Fri, 07 Jun 2024AU$318.7bAU$120.9bAU$9.2b15.3x34.7x2.6x
Sun, 05 May 2024AU$314.1bAU$121.5bAU$9.3b14.7x33.9x2.6x
Tue, 02 Apr 2024AU$316.9bAU$124.6bAU$9.3b13.4x34x2.5x
Thu, 29 Feb 2024AU$317.2bAU$123.8bAU$9.7b12.8x32.6x2.6x
Sat, 27 Jan 2024AU$339.4bAU$128.1bAU$21.0b10x16.1x2.6x
Mon, 25 Dec 2023AU$366.8bAU$124.9bAU$20.4b10x18x2.9x
Wed, 22 Nov 2023AU$348.6bAU$128.5bAU$21.1b9.6x16.5x2.7x
Fri, 20 Oct 2023AU$340.0bAU$132.5bAU$21.9b10.1x15.5x2.6x
Sun, 17 Sep 2023AU$352.9bAU$130.4bAU$21.7b8.2x16.3x2.7x
Tue, 15 Aug 2023AU$353.4bAU$140.1bAU$35.0b8.5x10.1x2.5x
Thu, 13 Jul 2023AU$356.7bAU$136.8bAU$34.1b8.7x10.5x2.6x
Sat, 10 Jun 2023AU$359.0bAU$136.4bAU$34.0b8.4x10.6x2.6x
Mon, 08 May 2023AU$352.5bAU$135.8bAU$33.7b8.3x10.5x2.6x
Wed, 05 Apr 2023AU$360.3bAU$135.6bAU$33.7b8.6x10.7x2.7x
Fri, 03 Mar 2023AU$381.2bAU$135.2bAU$34.3b9.1x11.1x2.8x
Sun, 29 Jan 2023AU$400.3bAU$131.7bAU$34.0b11.9x11.8x3x
Price to Earnings Ratio

11.8x


Total Market Cap: AU$400.3bTotal Earnings: AU$34.0bTotal Revenue: AU$131.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 24.4x202420252026
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 40.9x which is higher than its 3-year average PE of 24.4x.
  • 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 35% 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 Market-0.43%
Materials2.80%
Metals and Mining3.00%
Diversified Metals and Mining1.50%
Gold8.05%
Silver5.77%
Copper1.73%
Precious Metals and Minerals0.78%
Steel0.19%
Aluminum-4.69%
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$48.480.7%
+AU$1.8b		21.8%PE18.4x
S32 South32AU$4.185.6%
+AU$985.1m		17.4%PE39.7x
LYC Lynas Rare EarthsAU$16.274.6%
+AU$714.6m		140.0%PE2049.5x
SRL Sunrise Energy MetalsAU$10.3233.2%
+AU$341.8m		2,935.3%PS7451.3x
PLS PLS GroupAU$4.951.6%
+AU$257.7m		105.4%PS20.7x

Latest News

ASM
AU$1.59
Australian Strategic Materials
7D
112.0%
1Y
221.2%
MTM
AU$0.86
Metallium
7D
-9.5%
1Y
282.2%
BHP
AU$48.48
BHP Group
7D
0.7%
1Y
21.8%
PLS
AU$4.95
PLS Group
7D
1.6%
1Y
105.4%

PLS: Rich Multiple Will Likely Outweigh Stronger Margins Going Forward

Analysts have raised their price target on PLS Group from A$2.10 to A$2.40, citing updated assumptions based on higher expected revenue, an improved profit margin profile and a lower future P/E estimate in their models. What's in the News PLS Group is the new corporate name for Pilbara Minerals Limited, following an official change on November 25, 2025.
29M
AU$0.43
29Metals
7D
-32.8%
1Y
95.5%

29M: Sector Downgrade And Richer Assumptions Will Likely Cap Future Upside

Narrative update on 29Metals The analyst price target for 29Metals has shifted modestly higher to A$0.45 from A$0.40, as analysts factor in updated assumptions across fair value, discount rate, revenue growth, profit margin and future P/E, even though one firm now rates the stock Underperform within its broader 2026 sector outlook. Analyst Commentary Recent research reflects a mixed stance on 29Metals, with the price target lifted to A$0.45 while the rating has shifted to Underperform within a broader sector review for 2026.
CXO
AU$0.29
Core Lithium
7D
-6.5%
1Y
190.0%
BCI
AU$0.41
BCI Minerals
7D
-3.5%
1Y
45.6%
LYC
AU$16.27
Lynas Rare Earths
7D
4.6%
1Y
140.0%
VUL
AU$4.45
Vulcan Energy Resources
7D
-2.8%
1Y
-22.2%
S32
AU$4.18
South32
7D
5.6%
1Y
17.4%
PRN
AU$2.94
Perenti
7D
-3.0%
1Y
122.7%

PRN: Modest Assumption Tweaks Will Maintain Balanced Outlook For Earnings And Risk

Analysts have modestly adjusted their price target on Perenti to reflect updated assumptions around discount rates, revenue growth and profit margins, while keeping fair value steady at A$3.10 per share and slightly refining future P/E expectations. Valuation Changes Fair Value: Fair value per share remains A$3.10.
SRL
AU$10.32
Sunrise Energy Metals
7D
33.2%
1Y
2,935.3%
ELV
AU$9.65
Elevra Lithium
7D
-4.3%
1Y
168.1%
EQR
AU$0.13
EQ Resources
7D
23.8%
1Y
242.1%
EUR
AU$0.29
European Lithium
7D
28.3%
1Y
288.2%
ARU
AU$0.28
Arafura Rare Earths
7D
-5.0%
1Y
119.2%