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Australian (ASX) Diversified Metals and Mining Industry Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies463
  • 7D1.3%
  • 3M21.0%
  • 1Y40.0%
  • YTDn/a

In the last week, the Diversified Metals and Mining industry is up 2.7%, with BHP Group up 2.4%. During this same period, the South32 underperformed, falling 5.8%. This takes the industry's 12 month performance to a gain of 39%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026AU$400.4bAU$108.1bAU$10.1b21.7x39.6x3.7x
Sat, 17 Jan 2026AU$386.5bAU$108.6bAU$9.4b20.8x41.3x3.6x
Mon, 15 Dec 2025AU$346.3bAU$109.8bAU$9.3b18.8x37.4x3.2x
Wed, 12 Nov 2025AU$324.4bAU$111.6bAU$9.5b15.7x34.1x2.9x
Fri, 10 Oct 2025AU$332.6bAU$110.6bAU$9.4b20x35.4x3x
Sun, 07 Sep 2025AU$302.8bAU$111.4bAU$9.2b15.3x33x2.7x
Tue, 05 Aug 2025AU$280.7bAU$117.5bAU$11.9b12.7x23.6x2.4x
Thu, 03 Jul 2025AU$259.6bAU$116.2bAU$11.7b12.9x22.2x2.2x
Sat, 31 May 2025AU$260.2bAU$118.4bAU$12.1b12.4x21.5x2.2x
Mon, 28 Apr 2025AU$255.7bAU$118.7bAU$12.1b11.7x21.1x2.2x
Wed, 26 Mar 2025AU$266.4bAU$120.3bAU$12.0b11.7x22.2x2.2x
Fri, 21 Feb 2025AU$282.2bAU$118.5bAU$12.2b11.3x23.2x2.4x
Sun, 19 Jan 2025AU$284.8bAU$124.6bAU$9.2b13.1x31.1x2.3x
Tue, 17 Dec 2024AU$281.3bAU$122.0bAU$8.9b12.9x31.5x2.3x
Thu, 14 Nov 2024AU$289.7bAU$119.4bAU$8.6b11.6x33.7x2.4x
Sat, 12 Oct 2024AU$308.4bAU$116.4bAU$8.3b13.2x37.3x2.6x
Mon, 09 Sep 2024AU$267.5bAU$117.6bAU$8.4b12.7x31.7x2.3x
Wed, 07 Aug 2024AU$285.2bAU$123.5bAU$9.4b15x30.3x2.3x
Fri, 05 Jul 2024AU$315.5bAU$119.7bAU$9.1b16.2x34.8x2.6x
Sun, 02 Jun 2024AU$323.4bAU$120.9bAU$9.2b15.8x35.2x2.7x
Tue, 30 Apr 2024AU$315.5bAU$122.2bAU$9.3b13.6x34.1x2.6x
Thu, 28 Mar 2024AU$311.4bAU$124.5bAU$9.4b13.2x33.2x2.5x
Sat, 24 Feb 2024AU$315.9bAU$123.2bAU$10.2b11.3x30.9x2.6x
Mon, 22 Jan 2024AU$330.4bAU$127.9bAU$21.0b9.8x15.8x2.6x
Wed, 20 Dec 2023AU$359.8bAU$125.9bAU$20.6b10x17.5x2.9x
Fri, 17 Nov 2023AU$345.4bAU$129.4bAU$21.3b9.8x16.2x2.7x
Sun, 15 Oct 2023AU$342.5bAU$132.7bAU$21.9b10.2x15.6x2.6x
Tue, 12 Sep 2023AU$341.4bAU$130.5bAU$21.8b9.6x15.7x2.6x
Thu, 10 Aug 2023AU$359.9bAU$139.3bAU$34.8b8.4x10.3x2.6x
Sat, 08 Jul 2023AU$350.4bAU$136.9bAU$34.1b8.7x10.3x2.6x
Mon, 05 Jun 2023AU$349.6bAU$138.1bAU$34.5b8.2x10.1x2.5x
Wed, 03 May 2023AU$351.8bAU$137.8bAU$34.3b8.2x10.3x2.6x
Fri, 31 Mar 2023AU$362.0bAU$136.5bAU$34.0b8.6x10.6x2.7x
Sun, 26 Feb 2023AU$369.5bAU$134.2bAU$34.4b9.4x10.7x2.8x
Price to Earnings Ratio

10.7x


Total Market Cap: AU$369.5bTotal Earnings: AU$34.4bTotal Revenue: AU$134.2bTotal 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 36.8x 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 3.6x.
Past Earnings Growth
  • The earnings for companies in the Diversified Metals and Mining industry have declined 33% 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 Market-0.51%
Materials-1.47%
Metals and Mining-1.45%
Diversified Metals and Mining1.33%
Aluminum3.85%
Copper-3.44%
Gold-4.43%
Steel-6.59%
Silver-10.82%
Precious Metals and Minerals-11.37%
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$53.232.2%
+AU$5.8b		32.6%PE18.6x
MAH Macmahon HoldingsAU$0.7715.0%
+AU$213.5m		142.9%PE17.7x
NIC Nickel IndustriesAU$1.043.5%
+AU$151.9m		32.7%PS1.8x
PRN PerentiAU$2.774.5%
+AU$112.8m		99.3%PE21.6x
GNG GR Engineering ServicesAU$5.2413.7%
+AU$107.0m		85.2%PE26x

Latest News

BRE
AU$4.14
Brazilian Rare Earths
7D
-5.7%
1Y
99.0%
BHP
AU$53.23
BHP Group
7D
2.2%
1Y
32.6%
PRN
AU$2.77
Perenti
7D
4.5%
1Y
99.3%

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.
IMD
AU$3.92
Imdex
7D
5.1%
1Y
27.3%

IMD: Future Returns Will Reflect Neutral Stance And Balanced Execution Risks

Analysts have nudged their Imdex price target slightly higher to A$3.64, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E following recent neutral research coverage. Analyst Commentary Bullish Takeaways Bullish analysts see the A$3.64 target as aligned with updated assumptions on fair value, suggesting the current P/E and cash flow outlook are broadly in line with their neutral stance on risk and reward.
PLS
AU$4.38
PLS Group
7D
-1.1%
1Y
106.6%

PLS: Rich Multiple Will Likely Persist Despite Higher Margins And Rebranding

Analysts have raised their price target for PLS Group to A$2.63 from A$2.40, citing updated assumptions for higher revenue, improved profit margins and a lower future P/E multiple. What's in the News On November 25, 2025, Pilbara Minerals Limited changed its name to PLS Group Limited.
MAH
AU$0.77
Macmahon Holdings
7D
15.0%
1Y
142.9%
MAU
AU$1.99
Magnetic Resources
7D
20.3%
1Y
46.0%
LTR
AU$1.73
Liontown
7D
-0.9%
1Y
174.6%
S32
AU$4.41
South32
7D
-2.4%
1Y
18.9%
IGO
AU$7.90
IGO
7D
-9.3%
1Y
71.0%
NIC
AU$1.04
Nickel Industries
7D
3.5%
1Y
32.7%

NIC: Higher Nickel Pricing And Margins Will Support Stronger Future Upside

Analysts have lifted their fair value estimate for Nickel Industries from A$1.73 to A$2.02 per share, citing updated commodity price assumptions, a higher assumed profit margin, and a richer future P/E multiple. This comes despite more moderate revenue growth forecasts and a slightly higher discount rate.
LYC
AU$15.61
Lynas Rare Earths
7D
-2.4%
1Y
121.1%

LYC: Full Operations And Offtake Agreements Will Drive Rare Earth Upside

Analysts have lifted their fair value estimate for Lynas Rare Earths from A$17.50 to about A$26.00, pointing to the company’s position as a leading non China rare earths producer, the ramp up of full operations and new offtake agreements, as well as exploration upside highlighted in recent research. Analyst Commentary Recent research has turned more positive on Lynas Rare Earths, with several bullish analysts highlighting the company’s role as a major producer of separated rare earths outside China, the completion of construction, and the move to full operations.
MIN
AU$54.09
Mineral Resources
7D
0.9%
1Y
109.4%

MIN: Bald Hill Sale Process And Iron Ore Strength Will Support Upside

Analysts have increased their fair value estimate for Mineral Resources from A$68.00 to A$75.00, citing updated assumptions about revenue growth, profit margins and a lower future P/E multiple in their models. What's in the News Mineral Resources is reported to have started a sale process for its Bald Hill lithium mine to help secure funds to reduce debt, with interest expected in either the whole asset or a partial stake (Key Developments).
DVP
AU$4.86
Develop Global
7D
-10.3%
1Y
65.3%
BML
AU$0.62
Boab Metals
7D
-11.4%
1Y
300.0%
GNG
AU$5.24
GR Engineering Services
7D
13.7%
1Y
85.2%