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Australian (ASX) Metals and Mining Industry Analysis
UpdatedJan 19, 2026
DataAggregated Company Financials
Companies677
- 7D3.6%
- 3M15.5%
- 1Y46.6%
- YTD8.1%
The Metals and Mining industry is up 3.6% in the last week, with BHP Group up 4.8%. This takes the industry's 12 month performance to a gain of 47%. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 20 Jan 2026 | AU$676.9b | AU$197.3b | AU$19.1b | 25.4x | 35.4x | 3.4x |
| Thu, 18 Dec 2025 | AU$606.7b | AU$199.2b | AU$19.1b | 22.7x | 31.8x | 3x |
| Sat, 15 Nov 2025 | AU$574.9b | AU$201.3b | AU$19.4b | 21.1x | 29.7x | 2.9x |
| Mon, 13 Oct 2025 | AU$562.8b | AU$201.7b | AU$19.5b | 21.8x | 28.9x | 2.8x |
| Wed, 10 Sep 2025 | AU$513.1b | AU$200.2b | AU$19.2b | 17x | 26.7x | 2.6x |
| Fri, 08 Aug 2025 | AU$475.7b | AU$204.2b | AU$21.6b | 14.5x | 22x | 2.3x |
| Sun, 06 Jul 2025 | AU$452.7b | AU$203.9b | AU$21.5b | 13.5x | 21x | 2.2x |
| Tue, 03 Jun 2025 | AU$442.7b | AU$205.3b | AU$21.7b | 12.5x | 20.4x | 2.2x |
| Thu, 01 May 2025 | AU$429.8b | AU$207.2b | AU$22.1b | 12.1x | 19.5x | 2.1x |
| Sat, 29 Mar 2025 | AU$438.0b | AU$209.6b | AU$22.1b | 11.8x | 19.8x | 2.1x |
| Mon, 24 Feb 2025 | AU$458.3b | AU$206.1b | AU$22.4b | 12.7x | 20.5x | 2.2x |
| Wed, 22 Jan 2025 | AU$458.2b | AU$214.0b | AU$21.7b | 12.6x | 21.1x | 2.1x |
| Fri, 20 Dec 2024 | AU$433.4b | AU$213.3b | AU$21.5b | 12.8x | 20.1x | 2x |
| Sun, 17 Nov 2024 | AU$442.3b | AU$208.6b | AU$20.9b | 11.6x | 21.2x | 2.1x |
| Tue, 15 Oct 2024 | AU$473.1b | AU$202.5b | AU$20.1b | 12.4x | 23.5x | 2.3x |
| Thu, 12 Sep 2024 | AU$417.4b | AU$204.8b | AU$20.0b | 13.3x | 20.9x | 2x |
| Sat, 10 Aug 2024 | AU$434.5b | AU$210.2b | AU$21.3b | 12.6x | 20.4x | 2.1x |
| Mon, 08 Jul 2024 | AU$480.2b | AU$206.3b | AU$20.5b | 13.7x | 23.5x | 2.3x |
| Wed, 05 Jun 2024 | AU$497.2b | AU$209.9b | AU$21.0b | 14.7x | 23.7x | 2.4x |
| Fri, 03 May 2024 | AU$489.6b | AU$211.7b | AU$21.4b | 13.9x | 22.8x | 2.3x |
| Sun, 31 Mar 2024 | AU$492.4b | AU$214.4b | AU$21.6b | 13.2x | 22.8x | 2.3x |
| Tue, 27 Feb 2024 | AU$488.1b | AU$211.7b | AU$22.0b | 12.1x | 22.2x | 2.3x |
| Thu, 25 Jan 2024 | AU$544.0b | AU$222.9b | AU$32.7b | 11.5x | 16.6x | 2.4x |
| Sat, 23 Dec 2023 | AU$573.6b | AU$218.5b | AU$31.9b | 11.7x | 18x | 2.6x |
| Mon, 20 Nov 2023 | AU$538.2b | AU$224.7b | AU$33.1b | 10.3x | 16.2x | 2.4x |
| Wed, 18 Oct 2023 | AU$524.7b | AU$229.9b | AU$34.4b | 10.5x | 15.3x | 2.3x |
| Fri, 15 Sep 2023 | AU$522.2b | AU$226.4b | AU$34.0b | 11.7x | 15.3x | 2.3x |
| Sun, 13 Aug 2023 | AU$542.1b | AU$237.2b | AU$49.4b | 9.6x | 11x | 2.3x |
| Tue, 11 Jul 2023 | AU$529.2b | AU$234.2b | AU$48.9b | 10.3x | 10.8x | 2.3x |
| Thu, 08 Jun 2023 | AU$532.8b | AU$232.7b | AU$48.5b | 10.1x | 11x | 2.3x |
| Sat, 06 May 2023 | AU$541.7b | AU$231.8b | AU$48.4b | 9.8x | 11.2x | 2.3x |
| Mon, 03 Apr 2023 | AU$555.6b | AU$229.1b | AU$47.8b | 9.4x | 11.6x | 2.4x |
| Wed, 01 Mar 2023 | AU$536.1b | AU$226.9b | AU$48.3b | 9.7x | 11.1x | 2.4x |
| Fri, 27 Jan 2023 | AU$587.4b | AU$221.0b | AU$50.5b | 11.9x | 11.6x | 2.7x |
Price to Earnings Ratio
11.6x
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 35.4x which is higher than its 3-year average PE of 19.7x.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 28% per year over the last three years,
- Revenues have also declined 3.9% 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 | 1.95% | |
| Materials | 3.65% | |
| Metals and Mining | 3.58% | |
| Silver | 6.28% | |
| Gold | 5.29% | |
| Diversified Metals and Mining | 3.38% | |
| Copper | 2.74% | |
| Steel | 1.72% | |
| Precious Metals and Minerals | -0.94% | |
| Aluminum | -1.79% | |
Industry PE
- Investors are most optimistic about the Copper industry which is trading above its 3-year average PE ratio of 1.7x.
- Analysts are expecting annual earnings growth of 24.9% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Copper industry, expecting annual earnings growth of 25% over the next 5 years.
- In contrast, the Silver industry is expected to see its earnings decline by 35% 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 | |
|---|---|---|---|---|---|
| BHP BHP Group | AU$48.75 | 4.8% +AU$11.4b | 21.1% | PE18.4x | |
| NST Northern Star Resources | AU$27.68 | 8.8% +AU$3.2b | 62.9% | PE29.5x | |
| LYC Lynas Rare Earths | AU$16.28 | 10.1% +AU$1.5b | 135.9% | PE2050.8x | |
| S32 South32 | AU$4.22 | 8.2% +AU$1.4b | 20.2% | PE39.8x | |
| EVN Evolution Mining | AU$13.53 | 4.8% +AU$1.3b | 144.2% | PE29.7x |
