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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies463
  • 7D-0.04%
  • 3M17.4%
  • 1Y39.2%
  • YTDn/a

In the last week, the Diversified Metals and Mining industry is up 3.8%, with BHP Group up 4.4%. During this same period, the PLS Group underperformed, falling 16%. This takes the industry's 12 month performance to a gain of 45%. 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
Sat, 31 Jan 2026AU$391.7bAU$104.6bAU$8.8b21.5x44.7x3.7x
Mon, 29 Dec 2025AU$352.4bAU$108.4bAU$9.4b21.2x37.7x3.2x
Wed, 26 Nov 2025AU$317.6bAU$112.7bAU$9.7b17.5x32.8x2.8x
Fri, 24 Oct 2025AU$330.9bAU$111.9bAU$9.6b20.1x34.5x3x
Sun, 21 Sep 2025AU$292.2bAU$110.6bAU$9.2b14.7x31.6x2.6x
Tue, 19 Aug 2025AU$300.9bAU$117.0bAU$11.8b14x25.4x2.6x
Thu, 17 Jul 2025AU$275.0bAU$116.9bAU$11.8b13.7x23.3x2.4x
Sat, 14 Jun 2025AU$259.2bAU$117.7bAU$12.0b12.5x21.7x2.2x
Mon, 12 May 2025AU$254.7bAU$118.5bAU$12.1b11.7x21x2.1x
Wed, 09 Apr 2025AU$236.2bAU$124.6bAU$13.1b10.6x18x1.9x
Fri, 07 Mar 2025AU$267.1bAU$119.7bAU$12.2b11.1x21.9x2.2x
Sun, 02 Feb 2025AU$280.9bAU$124.3bAU$9.1b13.5x30.8x2.3x
Tue, 31 Dec 2024AU$278.2bAU$123.9bAU$9.1b13.4x30.5x2.2x
Thu, 28 Nov 2024AU$282.9bAU$120.1bAU$8.7b12x32.6x2.4x
Sat, 26 Oct 2024AU$300.5bAU$117.9bAU$8.5b14.6x35.5x2.5x
Mon, 23 Sep 2024AU$282.3bAU$115.6bAU$8.2b14.3x34.3x2.4x
Wed, 21 Aug 2024AU$281.1bAU$120.0bAU$9.0b15x31.2x2.3x
Fri, 19 Jul 2024AU$301.3bAU$119.6bAU$9.1b15.6x33.3x2.5x
Sun, 16 Jun 2024AU$306.5bAU$121.4bAU$9.2b15.3x33.2x2.5x
Tue, 14 May 2024AU$317.7bAU$121.5bAU$9.2b15.6x34.4x2.6x
Thu, 11 Apr 2024AU$327.2bAU$122.9bAU$9.2b14.2x35.6x2.7x
Sat, 09 Mar 2024AU$318.4bAU$122.4bAU$9.7b14.8x33x2.6x
Mon, 05 Feb 2024AU$339.9bAU$129.2bAU$21.2b9.6x16x2.6x
Wed, 03 Jan 2024AU$373.6bAU$124.9bAU$20.4b10.6x18.3x3x
Fri, 01 Dec 2023AU$338.6bAU$128.0bAU$21.0b9.7x16.1x2.6x
Sun, 29 Oct 2023AU$337.8bAU$132.1bAU$21.8b9.7x15.5x2.6x
Tue, 26 Sep 2023AU$339.1bAU$130.3bAU$21.7b8.5x15.6x2.6x
Thu, 24 Aug 2023AU$347.7bAU$131.7bAU$26.9b8.2x12.9x2.6x
Sat, 22 Jul 2023AU$360.6bAU$135.7bAU$33.8b8.6x10.7x2.7x
Mon, 19 Jun 2023AU$370.5bAU$133.8bAU$33.3b8.9x11.1x2.8x
Wed, 17 May 2023AU$356.8bAU$136.9bAU$34.1b8.5x10.5x2.6x
Fri, 14 Apr 2023AU$363.3bAU$136.1bAU$33.8b8.8x10.8x2.7x
Sun, 12 Mar 2023AU$358.9bAU$138.1bAU$34.9b8.7x10.3x2.6x
Tue, 07 Feb 2023AU$389.4bAU$135.2bAU$35.5b11.9x11x2.9x
Price to Earnings Ratio

11x


Total Market Cap: AU$389.4bTotal Earnings: AU$35.5bTotal Revenue: AU$135.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 24.7x202420252026
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 46.2x which is higher than its 3-year average PE of 24.7x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.9x.
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 8.2% 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-0.40%
Materials-1.01%
Metals and Mining-0.80%
Diversified Metals and Mining-0.043%
Copper4.15%
Silver1.15%
Gold-1.72%
Steel-2.41%
Aluminum-4.19%
Precious Metals and Minerals-7.01%
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$50.574.4%
+AU$10.9b		26.6%PE20x
S32 South32AU$4.625.2%
+AU$1.0b		37.5%PE45.6x
EQR EQ ResourcesAU$0.1819.4%
+AU$141.8m		560.7%PS13.2x
TGN Tungsten MiningAU$0.3448.9%
+AU$122.9m		280.7%PS3511x
TVN TivanAU$0.3713.8%
+AU$101.6m		236.4%PS12111.8x

Latest News

ILU
AU$5.36
Iluka Resources
7D
-23.0%
1Y
21.3%
MIN
AU$57.15
Mineral Resources
7D
-8.3%
1Y
63.4%
ELV
AU$6.70
Elevra Lithium
7D
-30.1%
1Y
94.2%
TGN
AU$0.34
Tungsten Mining
7D
48.9%
1Y
280.7%
LTR
AU$1.86
Liontown
7D
-15.3%
1Y
174.8%

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$50.57
BHP Group
7D
4.4%
1Y
26.6%
S32
AU$4.62
South32
7D
5.2%
1Y
37.5%

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$14.90
Lynas Rare Earths
7D
-11.6%
1Y
135.4%

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.
PLS
AU$4.29
PLS Group
7D
-15.6%
1Y
86.5%

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$0.47
29Metals
7D
9.2%
1Y
102.1%

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.
IGO
AU$8.32
IGO
7D
-10.6%
1Y
68.8%
ORN
AU$0.034
Orion Minerals
7D
21.4%
1Y
112.5%
SRL
AU$10.23
Sunrise Energy Metals
7D
5.7%
1Y
3,688.9%
EQR
AU$0.18
EQ Resources
7D
19.4%
1Y
560.7%
IPX
AU$7.35
IperionX
7D
-12.2%
1Y
73.8%
TVN
AU$0.37
Tivan
7D
13.8%
1Y
236.4%