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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies471
  • 7D5.9%
  • 3M12.1%
  • 1Y71.2%
  • YTDn/a

The Diversified Metals and Mining industry is up 5.9% in the last week, with BHP Group up 2.9%. This means that the industry has gained 71% over the past year. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Apr 2026AU$431.6bAU$109.0bAU$13.3b12.9x32.5x4x
Sat, 14 Mar 2026AU$392.5bAU$109.7bAU$12.6b15.2x31.2x3.6x
Mon, 09 Feb 2026AU$374.1bAU$104.6bAU$8.8b19.9x42.7x3.6x
Wed, 07 Jan 2026AU$369.1bAU$108.4bAU$9.3b21.2x39.5x3.4x
Fri, 05 Dec 2025AU$336.9bAU$110.4bAU$9.4b19.6x36x3.1x
Sun, 02 Nov 2025AU$329.4bAU$111.3bAU$9.5b17.1x34.7x3x
Tue, 30 Sep 2025AU$311.9bAU$111.2bAU$9.4b18x33.3x2.8x
Thu, 28 Aug 2025AU$311.1bAU$113.8bAU$8.4b14.4x37x2.7x
Sat, 26 Jul 2025AU$289.9bAU$116.2bAU$11.7b13.3x24.8x2.5x
Mon, 23 Jun 2025AU$252.3bAU$118.0bAU$12.0b12.5x21x2.1x
Wed, 21 May 2025AU$262.1bAU$118.5bAU$12.1b11.9x21.7x2.2x
Fri, 18 Apr 2025AU$247.3bAU$119.4bAU$12.2b11.2x20.2x2.1x
Sun, 16 Mar 2025AU$262.6bAU$120.1bAU$12.5b11.4x21x2.2x
Tue, 11 Feb 2025AU$282.7bAU$123.3bAU$9.1b13.3x31.2x2.3x
Thu, 09 Jan 2025AU$278.7bAU$124.6bAU$9.2b13.1x30.5x2.2x
Sat, 07 Dec 2024AU$285.6bAU$121.0bAU$8.8b12.6x32.5x2.4x
Mon, 04 Nov 2024AU$304.1bAU$119.0bAU$8.6b12x35.4x2.6x
Wed, 02 Oct 2024AU$316.3bAU$114.5bAU$8.1b12.7x39x2.8x
Fri, 30 Aug 2024AU$284.0bAU$115.9bAU$8.4b16.8x34x2.4x
Sun, 28 Jul 2024AU$294.2bAU$122.4bAU$9.3b16.2x31.6x2.4x
Tue, 25 Jun 2024AU$300.0bAU$120.8bAU$9.2b14.3x32.7x2.5x
Thu, 23 May 2024AU$336.4bAU$120.7bAU$9.2b16x36.7x2.8x
Sat, 20 Apr 2024AU$324.1bAU$124.4bAU$9.5b13x34.2x2.6x
Mon, 18 Mar 2024AU$305.7bAU$124.1bAU$9.6b14.1x31.8x2.5x
Wed, 14 Feb 2024AU$323.3bAU$123.8bAU$20.7b10.1x15.6x2.6x
Fri, 12 Jan 2024AU$347.5bAU$126.4bAU$20.7b10.3x16.8x2.7x
Sun, 10 Dec 2023AU$346.1bAU$128.3bAU$21.1b9.7x16.4x2.7x
Tue, 07 Nov 2023AU$339.4bAU$129.3bAU$21.3b9.9x16x2.6x
Thu, 05 Oct 2023AU$344.1bAU$131.8bAU$21.8b9.6x15.8x2.6x
Sat, 02 Sep 2023AU$350.6bAU$129.7bAU$21.6b9.7x16.2x2.7x
Mon, 31 Jul 2023AU$362.9bAU$137.4bAU$34.3b8.6x10.6x2.6x
Wed, 28 Jun 2023AU$358.8bAU$136.7bAU$34.1b8.6x10.5x2.6x
Fri, 26 May 2023AU$349.2bAU$139.0bAU$34.6b8.3x10.1x2.5x
Sun, 23 Apr 2023AU$359.5bAU$136.7bAU$34.0b8.4x10.6x2.6x
Price to Earnings Ratio

10.6x


Total Market Cap: AU$359.5bTotal Earnings: AU$34.0bTotal Revenue: AU$136.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 26.3x202420252026
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 32.5x which is higher than its 3-year average PE of 26.3x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 4.0x.
Past Earnings Growth
  • The earnings for companies in the Diversified Metals and Mining industry have declined 27% per year over the last three years,
  • Revenues have also declined 7.3% 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 Market2.79%
Materials5.00%
Metals and Mining5.21%
Diversified Metals and Mining5.95%
Gold6.06%
Copper5.50%
Precious Metals and Minerals5.19%
Silver4.40%
Aluminum1.22%
Steel0.42%
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$56.112.9%
+AU$8.0b		55.6%PE19.9x
SRL Sunrise Energy MetalsAU$12.3037.3%
+AU$489.6m		1,632.4%PS13555.4x
PLS PLS GroupAU$5.392.1%
+AU$354.4m		293.4%PS18x
S32 South32AU$4.631.3%
+AU$268.6m		73.4%PE37.6x
MI6 Minerals 260AU$0.809.6%
+AU$158.5m		540.0%PB9.1x

Latest News

WA1
AU$14.22
WA1 Resources
7D
-8.6%
1Y
31.3%

Companies Like WA1 Resources (ASX:WA1) Are In A Position To Invest In Growth

Apr 16
Companies Like WA1 Resources (ASX:WA1) Are In A Position To Invest In Growth
ELV
AU$8.96
Elevra Lithium
7D
-3.6%
1Y
251.4%
BRE
AU$4.53
Brazilian Rare Earths
7D
-4.6%
1Y
89.5%
ILU
AU$7.47
Iluka Resources
7D
3.5%
1Y
109.2%

ILU: Dividend Timeline And Reaffirmed Earnings Outlook Will Support Reappraisal

Analysts have raised their price target on Iluka Resources to A$9.00 from A$9.00, reflecting updated views on revenue growth, profit margins and future P/E assumptions following recent research that has become more positive on the stock. Analyst Commentary Bullish Takeaways Bullish analysts highlight the reaffirmed A$9.00 price target as consistent with more constructive views on Iluka Resources' revenue profile and P/E assumptions.
MI6
AU$0.80
Minerals 260
7D
9.6%
1Y
540.0%
LYC
AU$20.56
Lynas Rare Earths
7D
-4.1%
1Y
145.9%
DVP
AU$5.58
Develop Global
7D
5.7%
1Y
115.4%
S32
AU$4.63
South32
7D
1.3%
1Y
73.4%

S32: Recent Upgrades And West Musgrave Option Will Shape Balanced Outlook

Narrative Update Analysts have lifted their price target for South32 to A$4.84 from A$4.78, citing slightly higher assumed profit margins and a modestly higher future P/E multiple. Together, these factors offset a more cautious revenue growth outlook and an updated discount rate.
EQR
AU$0.32
EQ Resources
7D
-8.7%
1Y
624.1%

Only way is up

Catalysts Primarily used as tungsten carbide for cutting tools and wear-resistant applications, it is essential in defense, aerospace, and electronics. I beleive that the three industries mentioned above could move sales or earnings meaningfully.
BHP
AU$56.11
BHP Group
7D
2.9%
1Y
55.6%

BHP: Commodity Mix And China Stabilization Will Shape Fairly Valued Outlook

The analyst fair value estimate for BHP Group has increased modestly to A$53.37 from A$52.50, reflecting updated assumptions about slightly stronger revenue growth and a refreshed set of mixed but generally constructive price targets from recent Street research. Analyst Commentary Recent Street research on BHP Group shows a mix of optimism on long term prospects and caution around valuation and execution risks, which helps explain the modest adjustment in the fair value estimate.
IMD
AU$3.85
Imdex
7D
-4.0%
1Y
42.6%

IMD: Future Returns Will Reflect Neutral Views And Upcoming Franked Dividend Payment

Analysts have adjusted their price target on Imdex slightly to A$4.31 from A$4.35. This reflects updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E following recent research views from Jefferies and Goldman Sachs.
PRN
AU$2.06
Perenti
7D
-3.7%
1Y
58.5%

PRN: Refreshed Earnings Guidance And Margins Will Support A Bullish Outlook

Perenti's analyst price target has been revised from A$3.10 to A$2.87 as analysts refresh their assumptions for discount rates, expected revenue growth, profit margins and future P/E multiples. What's in the News Perenti lowered fiscal 2026 earnings guidance, with revenue now expected between $3.45b and $3.55b, compared with the previous range of $3.45b to $3.65b (Company guidance).
PLS
AU$5.39
PLS Group
7D
2.1%
1Y
293.4%

PLS: Lower Assumed Future P/E Will Constrain Share Price Upside

Analysts have lifted their price target for PLS Group to A$4.57 from A$3.00, reflecting updated assumptions for higher revenue growth, a stronger profit margin profile and a lower future P/E multiple. What's in the News PLS Group Limited added to the S&P/ASX 50 Index, increasing its visibility among large Australian equities (Key Developments).
SRL
AU$12.30
Sunrise Energy Metals
7D
37.3%
1Y
1,632.4%
VUL
AU$3.42
Vulcan Energy Resources
7D
-8.6%
1Y
-20.1%
IPX
AU$4.73
IperionX
7D
7.0%
1Y
67.7%