Improved Revenues Required Before Pilbara Minerals Limited (ASX:PLS) Stock's 29% Jump Looks Justified
Aug 17
Have your own idea? Try our Stock Screener
Australian (ASX) Metals and Mining Industry Analysis
UpdatedAug 24, 2025
DataAggregated Company Financials
Companies674
- 7D-0.8%
- 3M10.7%
- 1Y12.2%
- YTD12.6%
Last week, the Metals and Mining industry hasn't moved much but Vault Minerals is up 15% in that time. As for the the longer term, the industry is up 12% over the past 12 months. Looking forward, earnings are forecast to grow by 11% annually.
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, 24 Aug 2025 | AU$499.8b | AU$203.2b | AU$18.9b | 14.3x | 26.4x | 2.5x |
| Tue, 22 Jul 2025 | AU$469.6b | AU$204.5b | AU$21.6b | 13.4x | 21.7x | 2.3x |
| Thu, 19 Jun 2025 | AU$438.6b | AU$205.1b | AU$21.7b | 12.9x | 20.2x | 2.1x |
| Sat, 17 May 2025 | AU$448.0b | AU$206.6b | AU$22.0b | 11.9x | 20.4x | 2.2x |
| Mon, 14 Apr 2025 | AU$406.8b | AU$209.5b | AU$22.5b | 11.5x | 18.1x | 1.9x |
| Wed, 12 Mar 2025 | AU$422.9b | AU$208.9b | AU$22.4b | 11.7x | 18.9x | 2x |
| Fri, 07 Feb 2025 | AU$458.6b | AU$212.8b | AU$21.4b | 13.5x | 21.4x | 2.2x |
| Sun, 05 Jan 2025 | AU$439.4b | AU$214.0b | AU$21.7b | 12.3x | 20.3x | 2.1x |
| Tue, 03 Dec 2024 | AU$454.0b | AU$207.8b | AU$20.8b | 12.1x | 21.9x | 2.2x |
| Thu, 31 Oct 2024 | AU$477.0b | AU$206.2b | AU$20.7b | 13.4x | 23.1x | 2.3x |
| Sat, 28 Sep 2024 | AU$481.6b | AU$200.2b | AU$20.0b | 13x | 24x | 2.4x |
| Mon, 26 Aug 2024 | AU$438.4b | AU$205.4b | AU$20.2b | 13.1x | 21.7x | 2.1x |
| Wed, 24 Jul 2024 | AU$455.1b | AU$209.1b | AU$20.8b | 13.4x | 21.9x | 2.2x |
| Fri, 21 Jun 2024 | AU$467.9b | AU$208.8b | AU$20.8b | 13.4x | 22.5x | 2.2x |
| Sun, 19 May 2024 | AU$512.4b | AU$208.7b | AU$20.9b | 15.2x | 24.5x | 2.5x |
| Tue, 16 Apr 2024 | AU$509.2b | AU$213.5b | AU$21.7b | 13.4x | 23.5x | 2.4x |
| Thu, 14 Mar 2024 | AU$473.2b | AU$211.6b | AU$21.7b | 13x | 21.8x | 2.2x |
| Sat, 10 Feb 2024 | AU$500.2b | AU$210.3b | AU$31.6b | 11.6x | 15.8x | 2.4x |
| Mon, 08 Jan 2024 | AU$567.6b | AU$220.4b | AU$32.3b | 12x | 17.6x | 2.6x |
| Wed, 06 Dec 2023 | AU$533.9b | AU$223.7b | AU$32.9b | 10.4x | 16.2x | 2.4x |
| Fri, 03 Nov 2023 | AU$524.3b | AU$226.6b | AU$33.7b | 10.4x | 15.5x | 2.3x |
| Sun, 01 Oct 2023 | AU$519.2b | AU$226.9b | AU$33.9b | 10.7x | 15.3x | 2.3x |
| Tue, 29 Aug 2023 | AU$517.8b | AU$226.9b | AU$36.0b | 10.7x | 14.4x | 2.3x |
| Thu, 27 Jul 2023 | AU$563.9b | AU$231.4b | AU$48.1b | 9.9x | 11.7x | 2.4x |
| Sat, 24 Jun 2023 | AU$538.1b | AU$233.0b | AU$48.6b | 10x | 11.1x | 2.3x |
| Mon, 22 May 2023 | AU$542.9b | AU$233.8b | AU$48.8b | 9.7x | 11.1x | 2.3x |
| Wed, 19 Apr 2023 | AU$567.0b | AU$231.9b | AU$48.4b | 9.9x | 11.7x | 2.4x |
| Fri, 17 Mar 2023 | AU$515.6b | AU$229.7b | AU$48.5b | 9.3x | 10.6x | 2.2x |
| Sun, 12 Feb 2023 | AU$569.7b | AU$225.1b | AU$52.1b | 11.7x | 10.9x | 2.5x |
| Tue, 10 Jan 2023 | AU$564.0b | AU$225.0b | AU$51.7b | 11.6x | 10.9x | 2.5x |
| Thu, 08 Dec 2022 | AU$553.1b | AU$229.6b | AU$53.1b | 11.3x | 10.4x | 2.4x |
| Sat, 05 Nov 2022 | AU$473.6b | AU$239.9b | AU$56.2b | 9.7x | 8.4x | 2x |
| Mon, 03 Oct 2022 | AU$464.0b | AU$235.9b | AU$55.2b | 8.9x | 8.4x | 2x |
| Wed, 31 Aug 2022 | AU$497.5b | AU$222.3b | AU$52.9b | 9.5x | 9.4x | 2.2x |
Price to Earnings Ratio
9.4x
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 26.4x which is higher than its 3-year average PE of 17.0x.
- The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 29% per year over the last three years,
- Revenues have also declined 3.0% 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 | 0.22% | |
| Materials | -2.31% | |
| Metals and Mining | -0.79% | |
| Aluminum | 0.38% | |
| Gold | 0.16% | |
| Precious Metals and Minerals | -0.41% | |
| Diversified Metals and Mining | -0.65% | |
| Copper | -1.04% | |
| Steel | -2.49% | |
| Silver | -4.99% | |
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 25.1% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Aluminum industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Steel industry is expected to see its earnings decline by 7.6% per year 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 | |
|---|---|---|---|---|---|
| VAU Vault Minerals | AU$0.49 | 15.1% +AU$442.2m | 41.4% | PE14.2x | |
| BHP BHP Group | AU$42.00 | 0.1% +AU$325.7m | 3.3% | PE15.3x | |
| EVN Evolution Mining | AU$8.11 | 1.2% +AU$201.4m | 87.3% | PE17.6x | |
| MAH Macmahon Holdings | AU$0.43 | 16.2% +AU$136.1m | 30.3% | PE12.4x | |
| WGX Westgold Resources | AU$3.22 | 4.2% +AU$122.7m | 8.4% | PE29.4x |
