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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies463
  • 7D2.9%
  • 3M27.3%
  • 1Y39.8%
  • YTDn/a

In the last week, the Diversified Metals and Mining industry is up 2.9%, with BHP Group up 4.3%. During this same period, the IGO underperformed, falling 5.7%. This takes the industry's 12 month performance to a gain of 40%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026AU$403.4bAU$108.4bAU$12.2b19x33.1x3.7x
Tue, 20 Jan 2026AU$387.0bAU$108.6bAU$9.4b20.3x41.3x3.6x
Thu, 18 Dec 2025AU$338.3bAU$110.3bAU$9.3b18.8x36.3x3.1x
Sat, 15 Nov 2025AU$327.6bAU$111.8bAU$9.6b15.7x34.2x2.9x
Mon, 13 Oct 2025AU$326.2bAU$112.1bAU$9.6b19.7x33.9x2.9x
Wed, 10 Sep 2025AU$298.2bAU$110.5bAU$9.1b16.1x32.6x2.7x
Fri, 08 Aug 2025AU$285.0bAU$116.8bAU$11.8b13.2x24.2x2.4x
Sun, 06 Jul 2025AU$268.9bAU$116.5bAU$11.7b12.8x22.9x2.3x
Tue, 03 Jun 2025AU$256.8bAU$117.5bAU$11.9b12.1x21.6x2.2x
Thu, 01 May 2025AU$258.2bAU$118.8bAU$12.1b11.8x21.3x2.2x
Sat, 29 Mar 2025AU$269.6bAU$120.6bAU$12.1b11.7x22.2x2.2x
Mon, 24 Feb 2025AU$287.6bAU$119.3bAU$12.4b12.1x23.2x2.4x
Wed, 22 Jan 2025AU$288.3bAU$124.2bAU$9.1b13.1x31.6x2.3x
Fri, 20 Dec 2024AU$276.1bAU$123.7bAU$9.1b12.8x30.4x2.2x
Sun, 17 Nov 2024AU$286.4bAU$120.5bAU$8.7b11.5x32.9x2.4x
Tue, 15 Oct 2024AU$308.4bAU$116.1bAU$8.2b13.2x37.4x2.7x
Thu, 12 Sep 2024AU$274.3bAU$117.6bAU$8.4b13.1x32.7x2.3x
Sat, 10 Aug 2024AU$285.1bAU$122.1bAU$9.3b15.6x30.8x2.3x
Mon, 08 Jul 2024AU$313.5bAU$119.4bAU$9.0b16.2x34.7x2.6x
Wed, 05 Jun 2024AU$321.6bAU$121.1bAU$9.2b16.2x34.9x2.7x
Fri, 03 May 2024AU$313.0bAU$122.2bAU$9.3b14.7x33.8x2.6x
Sun, 31 Mar 2024AU$316.9bAU$124.6bAU$9.3b13.4x34x2.5x
Tue, 27 Feb 2024AU$314.8bAU$123.2bAU$9.8b13.2x32x2.6x
Thu, 25 Jan 2024AU$334.8bAU$127.9bAU$21.0b10x16x2.6x
Sat, 23 Dec 2023AU$360.3bAU$124.8bAU$20.4b10x17.7x2.9x
Mon, 20 Nov 2023AU$342.6bAU$129.3bAU$21.3b9.7x16.1x2.7x
Wed, 18 Oct 2023AU$342.5bAU$132.7bAU$21.9b10.2x15.6x2.6x
Fri, 15 Sep 2023AU$342.1bAU$130.2bAU$21.7b9.7x15.8x2.6x
Sun, 13 Aug 2023AU$361.3bAU$140.1bAU$35.0b8.5x10.3x2.6x
Tue, 11 Jul 2023AU$347.7bAU$137.6bAU$34.3b8.7x10.1x2.5x
Thu, 08 Jun 2023AU$352.5bAU$136.5bAU$34.0b8.2x10.4x2.6x
Sat, 06 May 2023AU$352.5bAU$135.8bAU$33.7b8.3x10.5x2.6x
Mon, 03 Apr 2023AU$368.8bAU$136.7bAU$34.0b8.8x10.8x2.7x
Wed, 01 Mar 2023AU$362.2bAU$134.8bAU$34.3b9.1x10.6x2.7x
Price to Earnings Ratio

10.6x


Total Market Cap: AU$362.2bTotal Earnings: AU$34.3bTotal Revenue: AU$134.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 25.3x202420252026
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 33.1x which is higher than its 3-year average PE of 25.3x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Diversified Metals and Mining industry have declined 29% per year over the last three years,
  • Revenues have also declined 7.0% 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 Market1.87%
Materials0.93%
Metals and Mining1.18%
Diversified Metals and Mining2.89%
Gold0.33%
Precious Metals and Minerals-0.17%
Aluminum-0.21%
Copper-0.85%
Steel-4.07%
Silver-5.04%
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$53.334.3%
+AU$11.2b		29.3%PE18.7x
MAH Macmahon HoldingsAU$0.7721.3%
+AU$288.1m		148.4%PE17.8x
NIC Nickel IndustriesAU$1.024.1%
+AU$173.6m		33.6%PS1.8x
PRN PerentiAU$2.826.8%
+AU$169.2m		104.3%PE22x
SRL Sunrise Energy MetalsAU$10.509.8%
+AU$135.3m		3,788.9%PS8196.5x

Latest News

MIN
AU$51.25
Mineral Resources
7D
-1.8%
1Y
88.9%
S32
AU$4.39
South32
7D
-0.7%
1Y
17.4%

S32: UBS Upgrade And Mozal Power Move Will Shape Balanced Outlook

Analysts have lifted their A$ fair value estimate for South32 from about A$4.37 to roughly A$4.67, reflecting updated views on revenue growth, margins and future P/E after recent price target revisions and upgrades from the Street. Analyst Commentary Bullish Takeaways Bullish analysts view the recent upgrade and higher price target as support for the revised A$ fair value estimate, suggesting that current pricing assumptions for South32 may be too conservative relative to their outlook.
MAH
AU$0.77
Macmahon Holdings
7D
21.3%
1Y
148.4%

MAH: Fair Value View Will Rely On Secured Revenue And Dividend Discipline

The analyst fair value estimate for Macmahon Holdings has shifted from A$0.65 to A$0.82. Analysts link this change to updated assumptions around the discount rate, revenue growth, profit margins, and future P/E.
IGO
AU$7.90
IGO
7D
-5.7%
1Y
76.3%
PLS
AU$4.18
PLS Group
7D
-1.2%
1Y
101.0%
NIC
AU$1.02
Nickel Industries
7D
4.1%
1Y
33.6%
BHP
AU$53.33
BHP Group
7D
4.3%
1Y
29.3%

BHP: Commodity Cycles And Mega Deals Will Shape Future Returns

Analysts have lifted their BHP Group price target by A$3.54. The change is supported by model updates that incorporate a higher fair value estimate, a small adjustment to the discount rate, a slightly lower revenue growth assumption, a modestly higher profit margin, and a marginally higher future P/E multiple.
BRE
AU$4.51
Brazilian Rare Earths
7D
9.5%
1Y
128.9%
LYC
AU$15.68
Lynas Rare Earths
7D
-1.8%
1Y
125.6%

LYC: Full Operations And Offtake Agreements Are Expected To Support Fairly Valued Outlook

Analysts have nudged their fair value estimate for Lynas Rare Earths slightly higher from A$15.77 to A$15.87, citing expectations that full operations, a production ramp up and new offtake agreements can support earnings and cash flow over time. Analyst Commentary Bullish Takeaways Bullish analysts highlight that full operations are now underway, which they see as an important step for Lynas to translate its asset base into more consistent production and earnings.
PRN
AU$2.82
Perenti
7D
6.8%
1Y
104.3%

PRN: Higher Discount Rate And P/E Multiple Will Signal Overvaluation Risk

Analysts have lifted their price target for Perenti from A$1.30 to A$2.39, citing updated assumptions that include a higher discount rate, a revised revenue growth outlook, slightly higher profit margin expectations and a higher future P/E multiple. Valuation Changes Fair Value: A$1.30 to A$2.39, a sizeable uplift in the assessed valuation per share.
INR
AU$0.14
ioneer
7D
-10.0%
1Y
-15.6%
MAU
AU$1.98
Magnetic Resources
7D
23.4%
1Y
45.2%
LTR
AU$1.62
Liontown
7D
-2.1%
1Y
163.4%
SRL
AU$10.50
Sunrise Energy Metals
7D
9.8%
1Y
3,788.9%
IPX
AU$5.93
IperionX
7D
6.8%
1Y
33.3%
DVP
AU$4.77
Develop Global
7D
-10.3%
1Y
62.2%