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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies470
  • 7D-3.5%
  • 3M5.0%
  • 1Y36.1%
  • YTDn/a

Over the last 7 days, the Diversified Metals and Mining industry has dropped 3.5%, driven by a pullback from BHP Group of 2.4%. In contrast, Macmahon Holdings has gained 11%. Over the past 12 months, the industry was up 36%. 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, 25 Mar 2026AU$372.4bAU$110.9bAU$13.8b10.8x27.1x3.4x
Fri, 20 Feb 2026AU$405.1bAU$108.2bAU$11.0b20.4x36.9x3.7x
Sun, 18 Jan 2026AU$386.5bAU$108.8bAU$9.4b20.8x41.1x3.6x
Tue, 16 Dec 2025AU$337.5bAU$109.8bAU$9.3b19.2x36.4x3.1x
Thu, 13 Nov 2025AU$326.8bAU$111.4bAU$9.5b16x34.4x2.9x
Sat, 11 Oct 2025AU$326.2bAU$111.2bAU$9.5b19.7x34.4x2.9x
Mon, 08 Sep 2025AU$300.6bAU$111.3bAU$9.3b15.3x32.5x2.7x
Wed, 06 Aug 2025AU$283.3bAU$117.8bAU$12.0b12.9x23.7x2.4x
Fri, 04 Jul 2025AU$272.2bAU$116.1bAU$11.7b12.9x23.3x2.3x
Sun, 01 Jun 2025AU$260.3bAU$118.0bAU$12.0b12.4x21.7x2.2x
Tue, 29 Apr 2025AU$253.8bAU$118.8bAU$12.1b11.5x20.9x2.1x
Thu, 27 Mar 2025AU$266.4bAU$120.5bAU$12.1b11.7x22.1x2.2x
Sat, 22 Feb 2025AU$287.7bAU$118.8bAU$12.3b11.5x23.3x2.4x
Mon, 20 Jan 2025AU$284.8bAU$124.6bAU$9.2b13.1x31.1x2.3x
Wed, 18 Dec 2024AU$280.5bAU$122.2bAU$8.9b12.9x31.4x2.3x
Fri, 15 Nov 2024AU$290.7bAU$120.4bAU$8.7b11.5x33.4x2.4x
Sun, 13 Oct 2024AU$308.4bAU$116.1bAU$8.2b13.2x37.4x2.7x
Tue, 10 Sep 2024AU$268.9bAU$117.9bAU$8.4b12.9x31.9x2.3x
Thu, 08 Aug 2024AU$285.4bAU$122.1bAU$9.3b15x30.8x2.3x
Sat, 06 Jul 2024AU$313.5bAU$119.6bAU$9.1b16.2x34.6x2.6x
Mon, 03 Jun 2024AU$323.4bAU$120.9bAU$9.2b15.8x35.2x2.7x
Wed, 01 May 2024AU$317.6bAU$122.7bAU$9.3b13.5x34.1x2.6x
Fri, 29 Mar 2024AU$316.9bAU$125.0bAU$9.4b13.4x33.9x2.5x
Sun, 25 Feb 2024AU$316.0bAU$123.2bAU$9.9b12.9x31.9x2.6x
Tue, 23 Jan 2024AU$327.2bAU$128.0bAU$21.0b9.7x15.6x2.6x
Thu, 21 Dec 2023AU$361.8bAU$125.4bAU$20.5b10.1x17.7x2.9x
Sat, 18 Nov 2023AU$342.5bAU$129.5bAU$21.3b9.7x16.1x2.6x
Mon, 16 Oct 2023AU$342.5bAU$132.7bAU$21.9b10.2x15.6x2.6x
Wed, 13 Sep 2023AU$344.6bAU$130.6bAU$21.8b9.5x15.8x2.6x
Fri, 11 Aug 2023AU$362.2bAU$138.9bAU$34.7b8.6x10.4x2.6x
Sun, 09 Jul 2023AU$350.4bAU$136.9bAU$34.1b8.7x10.3x2.6x
Tue, 06 Jun 2023AU$355.1bAU$138.5bAU$34.6b8.2x10.3x2.6x
Thu, 04 May 2023AU$346.7bAU$137.2bAU$34.1b8.3x10.2x2.5x
Sat, 01 Apr 2023AU$368.8bAU$136.6bAU$34.0b8.8x10.8x2.7x
Price to Earnings Ratio

10.8x


Total Market Cap: AU$368.8bTotal Earnings: AU$34.0bTotal Revenue: AU$136.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 25.9x202420252026
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 25.9x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.4x.
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 6.7% 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-2.84%
Materials-5.74%
Metals and Mining-5.90%
Diversified Metals and Mining-3.49%
Steel-0.42%
Precious Metals and Minerals-5.52%
Aluminum-7.41%
Copper-8.50%
Gold-14.76%
Silver-16.55%
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
PLS PLS GroupAU$4.927.2%
+AU$1.1b		167.4%PS16.4x
LTR LiontownAU$1.7311.6%
+AU$572.2m		166.2%PS13.6x
MIN Mineral ResourcesAU$56.854.7%
+AU$501.0m		131.9%PE27.9x
IGO IGOAU$7.836.4%
+AU$355.2m		90.5%PS13.5x
ELV Elevra LithiumAU$7.9217.2%
+AU$196.5m		177.9%PS6x

Latest News

IMD
AU$3.68
Imdex
7D
-7.5%
1Y
22.3%
EQR
AU$0.32
EQ Resources
7D
8.6%
1Y
600.0%
LYC
AU$20.03
Lynas Rare Earths
7D
-1.8%
1Y
177.8%
LTR
AU$1.73
Liontown
7D
11.6%
1Y
166.2%

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$50.12
BHP Group
7D
0.06%
1Y
26.8%

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.
MAH
AU$0.74
Macmahon Holdings
7D
13.8%
1Y
179.2%

MAH: Secured FY26 Revenue And Rising Dividend Payout Will Support Upside

Analysts have kept their A$0.82 price target for Macmahon Holdings steady. They point to relatively unchanged assumptions for revenue growth, profit margins and future P/E as the basis for this reaffirmed view.
IPX
AU$3.43
IperionX
7D
-15.3%
1Y
7.9%
MIN
AU$56.85
Mineral Resources
7D
4.7%
1Y
131.9%

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.
FRS
AU$0.42
Forrestania Resources
7D
-12.4%
1Y
1,534.6%
PLS
AU$4.92
PLS Group
7D
7.2%
1Y
167.4%

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.
ILU
AU$6.44
Iluka Resources
7D
-2.7%
1Y
53.0%

ILU: Elevated Margin Assumptions Will Sustain Overvaluation Risk Despite Recent Upgrade

Analysts have raised their A$ price target for Iluka Resources by A$5, citing slightly adjusted assumptions for the discount rate, revenue growth, profit margin, and future P/E, along with more constructive recent research sentiment on the stock. Analyst Commentary Recent research on Iluka Resources reflects a mix of optimism and caution, with some analysts highlighting upside scenarios while others stress valuation and execution risks.
AZY
AU$0.57
Antipa Minerals
7D
-13.0%
1Y
25.3%
ELV
AU$7.92
Elevra Lithium
7D
17.2%
1Y
177.9%
S32
AU$4.11
South32
7D
-1.7%
1Y
17.1%
IGO
AU$7.83
IGO
7D
6.4%
1Y
90.5%
BMC
AU$2.07
BMC Minerals
7D
-11.5%
1Y
n/a