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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies461
  • 7D4.0%
  • 3M12.7%
  • 1Y26.6%
  • YTDn/a

The Diversified Metals and Mining industry is up 4.5% in the last week, with BHP Group up 2.7%. Meanwhile, Nova Minerals actually underperformed within the industry, shrinking 13% in the last week. In the last 12 months, the industry was up 26%. 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, 25 Dec 2025AU$351.9bAU$108.5bAU$9.3b21.2x37.6x3.2x
Sat, 22 Nov 2025AU$312.8bAU$112.9bAU$9.7b16.6x32.2x2.8x
Mon, 20 Oct 2025AU$335.6bAU$111.9bAU$9.6b19.2x35x3x
Wed, 17 Sep 2025AU$296.3bAU$109.7bAU$9.1b14.6x32.4x2.7x
Fri, 15 Aug 2025AU$298.4bAU$116.8bAU$11.8b14.1x25.3x2.6x
Sun, 13 Jul 2025AU$275.5bAU$116.1bAU$11.7b13.5x23.6x2.4x
Tue, 10 Jun 2025AU$264.0bAU$116.9bAU$11.8b12.1x22.3x2.3x
Thu, 08 May 2025AU$257.2bAU$117.5bAU$11.9b11.8x21.6x2.2x
Sat, 05 Apr 2025AU$245.6bAU$123.0bAU$12.8b11.3x19.1x2x
Mon, 03 Mar 2025AU$271.9bAU$121.9bAU$12.5b10.8x21.7x2.2x
Wed, 29 Jan 2025AU$278.5bAU$123.8bAU$9.1b12.8x30.7x2.2x
Fri, 27 Dec 2024AU$277.1bAU$124.0bAU$9.1b13.4x30.3x2.2x
Sun, 24 Nov 2024AU$285.9bAU$119.8bAU$8.6b11.9x33.1x2.4x
Tue, 22 Oct 2024AU$303.2bAU$117.2bAU$8.4b12.8x36.2x2.6x
Thu, 19 Sep 2024AU$276.1bAU$115.9bAU$8.3b15.7x33.4x2.4x
Sat, 17 Aug 2024AU$280.0bAU$121.2bAU$9.2b15x30.5x2.3x
Mon, 15 Jul 2024AU$307.6bAU$118.9bAU$9.0b16.7x34.2x2.6x
Wed, 12 Jun 2024AU$320.9bAU$121.7bAU$9.3b15.2x34.7x2.6x
Fri, 10 May 2024AU$318.8bAU$122.0bAU$9.3b14.7x34.4x2.6x
Sun, 07 Apr 2024AU$318.7bAU$123.5bAU$9.3b14.2x34.4x2.6x
Tue, 05 Mar 2024AU$321.5bAU$123.6bAU$9.8b15.1x32.7x2.6x
Thu, 01 Feb 2024AU$339.0bAU$128.2bAU$21.0b9.9x16.1x2.6x
Sat, 30 Dec 2023AU$373.6bAU$124.9bAU$20.4b10.8x18.3x3x
Mon, 27 Nov 2023AU$344.8bAU$128.1bAU$21.0b9.8x16.4x2.7x
Wed, 25 Oct 2023AU$327.6bAU$131.8bAU$21.7b9.7x15.1x2.5x
Fri, 22 Sep 2023AU$338.2bAU$130.7bAU$21.8b8.4x15.5x2.6x
Sun, 20 Aug 2023AU$343.6bAU$141.6bAU$35.3b8.4x9.7x2.4x
Tue, 18 Jul 2023AU$365.1bAU$134.7bAU$33.5b9.1x10.9x2.7x
Thu, 15 Jun 2023AU$366.6bAU$135.1bAU$33.6b8.7x10.9x2.7x
Sat, 13 May 2023AU$355.3bAU$136.8bAU$34.0b8.5x10.4x2.6x
Mon, 10 Apr 2023AU$352.8bAU$137.1bAU$34.1b8.4x10.4x2.6x
Wed, 08 Mar 2023AU$383.0bAU$135.6bAU$34.4b9.7x11.1x2.8x
Fri, 03 Feb 2023AU$395.2bAU$131.5bAU$34.4b11.9x11.5x3x
Sun, 01 Jan 2023AU$358.6bAU$136.6bAU$35.4b9.7x10.1x2.6x
Price to Earnings Ratio

10.1x


Total Market Cap: AU$358.6bTotal Earnings: AU$35.4bTotal Revenue: AU$136.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Diversified Metals and Mining Industry Price to Earnings3Y Average 23.7x202320242025
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 38.1x which is higher than its 3-year average PE of 23.7x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Diversified Metals and Mining industry have declined 36% per year over the last three years,
  • Revenues have also declined 7.2% 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 Market2.32%
Materials3.26%
Metals and Mining3.42%
Diversified Metals and Mining4.01%
Precious Metals and Minerals23.01%
Copper6.34%
Gold4.05%
Silver1.74%
Aluminum1.02%
Steel-0.54%
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$45.622.7%
+AU$6.1b		14.8%PE17.2x
PLS PLS GroupAU$4.387.9%
+AU$1.0b		100.9%PS18.3x
MIN Mineral ResourcesAU$55.986.5%
+AU$674.9m		64.6%PS2.5x
LTR LiontownAU$1.6710.2%
+AU$455.6m		203.6%PS16.5x
S32 South32AU$3.512.9%
+AU$447.9m		2.9%PE33.2x

Latest News

LTR
AU$1.67
Liontown
7D
10.2%
1Y
203.6%

LTR: Higher Earnings Multiple Will Likely Prove Unsustainable Amid Moderating Outlook

Liontown's analyst price target has been lifted from A0.35 to A0.50 per share, as analysts factor in improved long term profit margins and a higher justified earnings multiple, despite moderating revenue growth expectations and a slightly higher discount rate. Valuation Changes Fair Value: raised from A$0.35 to A$0.50 per share, representing a substantial upward revision.
PLS
AU$4.38
PLS Group
7D
7.9%
1Y
100.9%
IGO
AU$8.10
IGO
7D
6.2%
1Y
68.0%
BHP
AU$45.62
BHP Group
7D
2.7%
1Y
14.8%
MIN
AU$55.98
Mineral Resources
7D
6.5%
1Y
64.6%

MIN: Higher Margins And Asset Sale Will Drive Stronger Future Upside

Analysts have lifted their price target for Mineral Resources from 54.04 dollars to 68.00 dollars, citing expectations of structurally higher profit margins despite moderating revenue growth assumptions and a slightly increased discount rate. What's in the News Mineral Resources has reportedly launched a sale process for its Bald Hill lithium mine, aiming to secure funds to pay down debt through either a full or partial stake sale (Key Developments) Investment banks Standard Chartered and Argonaut Securities are running the Bald Hill sale process, while JPMorgan continues to advise Mineral Resources more broadly on strategic options (Key Developments) Potential bidders are expected to include downstream battery and chemical producers such as LG Chemical and Mitsubishi.
NVA
AU$0.90
Nova Minerals
7D
-12.6%
1Y
157.1%
BRE
AU$4.05
Brazilian Rare Earths
7D
-1.5%
1Y
87.5%
S32
AU$3.51
South32
7D
2.9%
1Y
2.9%

S32: Cannington Sale Prospects Will Shape Outlook Amid Steady Earnings Expectations

Narrative Update on South32 The analyst price target for South32 has been raised from $3.38 to $3.48 as analysts factor in slightly stronger long term revenue growth and higher future valuation multiples. This is partially offset by modestly lower profit margin expectations and a marginally higher discount rate.
6KA
AU$0.81
6K Additive
7D
-9.6%
1Y
n/a
NIC
AU$0.81
Nickel Industries
7D
8.0%
1Y
-2.4%

NIC: Improved Earnings Visibility Will Support Higher Future Multiple

Analysts have raised their fair value estimate for Nickel Industries from $0.94 to $1.03 per share, citing slightly stronger long term earnings visibility. This supports a higher future P/E multiple despite moderating revenue growth and slimmer projected margins.
ENR
AU$0.38
Encounter Resources
7D
-7.3%
1Y
15.2%
TGN
AU$0.22
Tungsten Mining
7D
-6.4%
1Y
150.0%
ATR
AU$0.67
Astron
7D
-6.3%
1Y
8.1%
PLA
AU$0.26
Pacific Lime and Cement
7D
-7.3%
1Y
-12.1%

Does Pacific Lime and Cement (ASX:PLA) Have A Healthy Balance Sheet?

Oct 01
Does Pacific Lime and Cement (ASX:PLA) Have A Healthy Balance Sheet?
IPX
AU$5.56
IperionX
7D
15.1%
1Y
9.4%
LIN
AU$0.36
Lindian Resources
7D
-2.7%
1Y
356.3%