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Australian (ASX) Metals and Mining Industry Analysis

UpdatedOct 18, 2025
DataAggregated Company Financials
Companies672
  • 7D4.3%
  • 3M25.9%
  • 1Y22.8%
  • YTD32.5%

The Metals and Mining industry is up 4.3% in the last week, with BHP Group up 3.3%. This takes the industry's 12 month performance to a gain of 23%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 18 Oct 2025AU$588.4bAU$202.4bAU$19.4b22.6x30.3x2.9x
Mon, 15 Sep 2025AU$513.0bAU$199.4bAU$19.1b16.8x26.8x2.6x
Wed, 13 Aug 2025AU$493.6bAU$205.0bAU$21.8b15.1x22.7x2.4x
Fri, 11 Jul 2025AU$448.0bAU$203.4bAU$21.4b13.3x20.9x2.2x
Sun, 08 Jun 2025AU$451.0bAU$204.9bAU$21.7b12.2x20.8x2.2x
Tue, 06 May 2025AU$426.8bAU$205.3bAU$21.7b12.4x19.6x2.1x
Thu, 03 Apr 2025AU$420.7bAU$209.3bAU$22.4b11.8x18.8x2x
Sat, 01 Mar 2025AU$432.1bAU$210.8bAU$22.6b12.4x19.1x2.1x
Mon, 27 Jan 2025AU$446.8bAU$211.8bAU$21.4b12.5x20.9x2.1x
Wed, 25 Dec 2024AU$435.6bAU$213.5bAU$21.6b13x20.2x2x
Fri, 22 Nov 2024AU$446.9bAU$207.2bAU$20.7b12.1x21.6x2.2x
Sun, 20 Oct 2024AU$471.1bAU$203.5bAU$20.3b12.8x23.2x2.3x
Tue, 17 Sep 2024AU$429.5bAU$203.3bAU$19.9b15.2x21.6x2.1x
Thu, 15 Aug 2024AU$424.9bAU$209.0bAU$21.1b13.5x20.2x2x
Sat, 13 Jul 2024AU$476.7bAU$205.9bAU$20.4b14.1x23.4x2.3x
Mon, 10 Jun 2024AU$497.0bAU$210.8bAU$21.1b14.4x23.6x2.4x
Wed, 08 May 2024AU$502.3bAU$210.7bAU$21.1b14.4x23.8x2.4x
Fri, 05 Apr 2024AU$496.8bAU$212.3bAU$21.3b13.1x23.4x2.3x
Sun, 03 Mar 2024AU$493.8bAU$212.6bAU$22.2b13.7x22.2x2.3x
Tue, 30 Jan 2024AU$549.6bAU$222.8bAU$32.7b11.9x16.8x2.5x
Thu, 28 Dec 2023AU$586.7bAU$217.9bAU$31.7b12.5x18.5x2.7x
Sat, 25 Nov 2023AU$539.2bAU$223.5bAU$32.9b10.4x16.4x2.4x
Mon, 23 Oct 2023AU$516.7bAU$229.5bAU$34.3b9.9x15.1x2.3x
Wed, 20 Sep 2023AU$532.1bAU$226.1bAU$33.8b11.3x15.7x2.4x
Fri, 18 Aug 2023AU$514.6bAU$240.8bAU$49.7b10x10.4x2.1x
Sun, 16 Jul 2023AU$561.9bAU$229.7bAU$47.6b10.3x11.8x2.4x
Tue, 13 Jun 2023AU$541.3bAU$231.5bAU$48.2b10.1x11.2x2.3x
Thu, 11 May 2023AU$546.4bAU$231.6bAU$48.4b9.6x11.3x2.4x
Sat, 08 Apr 2023AU$543.1bAU$233.6bAU$48.9b9.3x11.1x2.3x
Mon, 06 Mar 2023AU$566.4bAU$226.7bAU$47.9b9.8x11.8x2.5x
Wed, 01 Feb 2023AU$579.3bAU$223.2bAU$51.1b11.9x11.3x2.6x
Fri, 30 Dec 2022AU$528.8bAU$229.6bAU$53.0b10.6x10x2.3x
Sun, 27 Nov 2022AU$525.8bAU$228.9bAU$52.8b10.9x9.9x2.3x
Tue, 25 Oct 2022AU$466.9bAU$238.8bAU$55.9b9.4x8.3x2x
Price to Earnings Ratio

8.3x


Total Market Cap: AU$466.9bTotal Earnings: AU$55.9bTotal Revenue: AU$238.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Metals and Mining Industry Price to Earnings3Y Average 17.9x202320242025
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 30.3x which is higher than its 3-year average PE of 17.9x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Metals and Mining industry have declined 30% per year over the last three years,
  • Revenues have also declined 5.4% 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 Market0.29%
Materials4.02%
Metals and Mining4.30%
Silver16.99%
Gold8.19%
Steel3.95%
Precious Metals and Minerals3.43%
Diversified Metals and Mining2.97%
Copper-2.32%
Aluminum-14.46%
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 31.5% 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 31% over the next 5 years.
  • 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?

CompanyLast Price7D1YValuation
BHP BHP GroupAU$43.603.3%
+AU$7.0b
3.7%PE15.9x
FMG FortescueAU$20.185.3%
+AU$3.1b
3.3%PE11.9x
NST Northern Star ResourcesAU$26.058.3%
+AU$2.9b
52.5%PE27.8x
EVN Evolution MiningAU$11.676.8%
+AU$1.5b
131.5%PE25.4x
GMD Genesis MineralsAU$6.8116.4%
+AU$1.1b
196.1%PE35.2x

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