Australian (ASX) Metals and Mining Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 09 Aug 2026	AU$715.2b	AU$204.9b	AU$25.6b	12.2x	27.9x	3.5x
Tue, 07 Jul 2026	AU$689.6b	AU$207.3b	AU$26.1b	11.6x	26.5x	3.3x
Thu, 04 Jun 2026	AU$752.9b	AU$203.0b	AU$25.3b	12.9x	29.8x	3.7x
Sat, 02 May 2026	AU$681.4b	AU$201.9b	AU$25.4b	12.8x	26.9x	3.4x
Mon, 30 Mar 2026	AU$628.8b	AU$207.9b	AU$26.4b	12.5x	23.8x	3x
Wed, 25 Feb 2026	AU$713.1b	AU$199.3b	AU$23.3b	22.6x	30.6x	3.6x
Fri, 23 Jan 2026	AU$678.3b	AU$195.1b	AU$18.8b	25.8x	36.1x	3.5x
Sun, 21 Dec 2025	AU$605.1b	AU$199.3b	AU$19.1b	23x	31.7x	3x
Tue, 18 Nov 2025	AU$575.4b	AU$201.1b	AU$19.4b	21.4x	29.7x	2.9x
Thu, 16 Oct 2025	AU$588.4b	AU$201.5b	AU$19.3b	22.6x	30.5x	2.9x
Sat, 13 Sep 2025	AU$513.0b	AU$199.4b	AU$19.2b	17.3x	26.7x	2.6x
Mon, 11 Aug 2025	AU$482.9b	AU$204.3b	AU$21.6b	14.5x	22.3x	2.4x
Wed, 09 Jul 2025	AU$448.3b	AU$204.1b	AU$21.6b	13x	20.8x	2.2x
Fri, 06 Jun 2025	AU$451.6b	AU$204.7b	AU$21.6b	12.3x	20.9x	2.2x
Sun, 04 May 2025	AU$429.5b	AU$206.1b	AU$21.9b	12x	19.6x	2.1x
Tue, 01 Apr 2025	AU$423.2b	AU$210.3b	AU$22.6b	11.7x	18.7x	2x
Thu, 27 Feb 2025	AU$439.3b	AU$207.3b	AU$22.0b	12.5x	20x	2.1x
Sat, 25 Jan 2025	AU$446.8b	AU$211.8b	AU$21.4b	12.5x	20.9x	2.1x
Mon, 23 Dec 2024	AU$432.3b	AU$213.2b	AU$21.6b	12.8x	20.1x	2x
Wed, 20 Nov 2024	AU$447.9b	AU$207.8b	AU$20.8b	11.9x	21.6x	2.2x
Fri, 18 Oct 2024	AU$480.8b	AU$203.8b	AU$20.3b	12.8x	23.7x	2.4x
Sun, 15 Sep 2024	AU$431.4b	AU$204.1b	AU$20.0b	14.9x	21.6x	2.1x
Tue, 13 Aug 2024	AU$432.5b	AU$209.7b	AU$21.2b	12.9x	20.4x	2.1x
Thu, 11 Jul 2024	AU$468.7b	AU$206.6b	AU$20.5b	13.7x	22.9x	2.3x
Sat, 08 Jun 2024	AU$497.7b	AU$209.4b	AU$20.8b	14.9x	23.9x	2.4x
Mon, 06 May 2024	AU$490.3b	AU$210.7b	AU$21.3b	14.1x	23x	2.3x
Wed, 03 Apr 2024	AU$498.6b	AU$214.8b	AU$21.6b	13.1x	23.1x	2.3x
Fri, 01 Mar 2024	AU$484.5b	AU$213.2b	AU$22.1b	13.5x	21.9x	2.3x
Sun, 28 Jan 2024	AU$551.6b	AU$223.2b	AU$32.8b	12x	16.8x	2.5x
Tue, 26 Dec 2023	AU$579.7b	AU$218.8b	AU$31.9b	11.7x	18.2x	2.6x
Thu, 23 Nov 2023	AU$546.5b	AU$223.6b	AU$32.9b	10.6x	16.6x	2.4x
Sat, 21 Oct 2023	AU$516.7b	AU$229.5b	AU$34.3b	9.9x	15.1x	2.3x
Mon, 18 Sep 2023	AU$536.9b	AU$226.7b	AU$34.0b	11.5x	15.8x	2.4x
Wed, 16 Aug 2023	AU$531.3b	AU$237.7b	AU$49.5b	10x	10.7x	2.2x

Current Industry PE

Investors are optimistic on the Australian Metals and Mining industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 27.9x which is higher than its 3-year average PE of 22.9x.

The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.5x.

Past Earnings Growth

The earnings for companies in the Metals and Mining industry have declined 20% per year over the last three years,
Revenues have also declined 4.8% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Australian Materials industry?


AU Market	3.35%
Materials	7.65%
Metals and Mining	7.58%
Gold	17.10%
Silver	12.06%
Copper	10.89%
Precious Metals and Minerals	10.24%
Diversified Metals and Mining	6.05%
Steel	0.099%
Aluminum	-0.91%

Industry PE

Investors are most optimistic about the Copper industry which is trading above its 3-year average PE ratio.

Analysts are expecting annual earnings growth of 24.4%, which is lower than the prior year's growth of 111.4% per year.

Forecasted Growth

Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 24% over the next 5 years.
However this is lower than its past earnings growth rate of 111% per year.

In contrast, the Steel industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
BHP BHP Group	AU$62.97	4.4% +AU$13.5b	56.6%	PE22.1x
EVN Evolution Mining	AU$13.40	18.9% +AU$4.3b	74.9%	PE20.5x
NST Northern Star Resources	AU$22.70	14.1% +AU$4.0b	25.6%	PE20.9x
LYC Lynas Rare Earths	AU$16.25	15.3% +AU$2.2b	28.8%	PE198.6x
S32 South32	AU$4.96	8.5% +AU$1.7b	64.2%	PE39.9x

EcoGraf Limited Announces Board Appointments, Effective July 09, 2026

EcoGraf Limited announced the appointment of Mr. Sven Olsson as an Independent Non-Executive Director and Dr. Peter Schuhmacher as Advisor to the Board to drive global expansion, following the positive progress of EcoGraf HFfree Purification Technology, effective July 09, 2026. Mr. Sven Olsson's appointment strengthened the Company's international governance capability and further supported the rapidly growing German and broader European shareholder base, with German shareholders representing a significant proportion of the Company's register. Based in Goeppingen, Germany, Mr. Olsson brought more than a decade of board experience with resource and technology companies, together with extensive networks across European capital markets, industrial groups, and the rapidly expanding EV and battery materials supply chain. His appointment enhanced EcoGraf's strategic positioning in Europe at a time when the region was accelerating investment in secure, ESG aligned critical minerals. EcoGraf experienced a significant increase in investment from Germany and the EU, reflecting strong regional interest in the Company's natural graphite and battery anode materials strategy. Mr. Olsson's appointment provided direct board level representation aligned with European investor expectations, strengthened communication with the Company's regional shareholder group, and enhanced governance oversight consistent with EU ESG and critical minerals frameworks. Mr. Olsson supported the Company in various advisory capacities over the years, including offtake negotiations and facilitating access to debt financing. Dr. Peter Schuhmacher is a respected global battery materials leader with over 30 years' international experience in advanced materials, battery chemicals and industrial operations. He holds various positions as board member and senior advisor across the battery value chain and until recently served as President of BASF's Battery Materials, Recycling and Catalysts Division. Dr Schuhmacher, brings extensive battery materials and automotive supply chain experience in markets relevant to EcoGraf's HFfree\xAE BAM strategy. His senior roles included customer engagement and strategic partnerships with leading battery and EV companies, providing EcoGraf with valuable insight into qualification, procurement and long-term supply requirements. At BASF, Dr Schuhmacher leads research, technology, scale-up and investment to develop sustainable, regionally aligned battery materials ecosystems.

Australian (ASX) Metals and Mining Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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