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Australian (ASX) Utilities Sector Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies15
  • 7D0.1%
  • 3M-1.4%
  • 1Y11.4%
  • YTD0.7%

The Utilities is pretty flat in the last 7 days, but AGL Energy has stood out, gaining 3.5%. The past year has been better, since the industry has gained 11% in that time. Earnings are forecast to grow by 9.3% annually.

Sector Valuation and Performance

Has the Australian Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Feb 2026AU$39.1bAU$35.2bAU$2.0b31x19.8x1.1x
Thu, 01 Jan 2026AU$39.0bAU$35.2bAU$2.0b16.5x19.5x1.1x
Sat, 29 Nov 2025AU$39.8bAU$35.2bAU$2.0b17.7x19.8x1.1x
Mon, 27 Oct 2025AU$40.8bAU$35.2bAU$2.0b18.9x20.3x1.2x
Wed, 24 Sep 2025AU$40.4bAU$35.3bAU$2.0b17.8x20.1x1.1x
Fri, 22 Aug 2025AU$40.8bAU$35.3bAU$813.8m15.1x50.2x1.2x
Sun, 20 Jul 2025AU$39.0bAU$35.1bAU$944.4m15.7x41.3x1.1x
Tue, 17 Jun 2025AU$38.4bAU$35.1bAU$945.3m15.5x40.6x1.1x
Thu, 15 May 2025AU$37.4bAU$35.1bAU$954.9m15.3x39.1x1.1x
Sat, 12 Apr 2025AU$35.4bAU$35.1bAU$932.1m14.5x37.9x1x
Mon, 10 Mar 2025AU$34.6bAU$35.1bAU$940.8m14x36.8x1x
Wed, 05 Feb 2025AU$34.8bAU$33.3bAU$3.1b13.1x11.3x1x
Fri, 03 Jan 2025AU$36.2bAU$33.3bAU$3.1b13x11.8x1.1x
Sun, 01 Dec 2024AU$36.4bAU$33.2bAU$3.1b13.8x11.8x1.1x
Tue, 29 Oct 2024AU$34.4bAU$33.2bAU$3.1b12.2x11.2x1x
Thu, 26 Sep 2024AU$36.1bAU$33.3bAU$3.0b12x12x1.1x
Sat, 24 Aug 2024AU$35.7bAU$33.1bAU$3.2b17.6x11.1x1.1x
Mon, 22 Jul 2024AU$36.9bAU$31.6bAU$3.1b19.3x11.8x1.2x
Wed, 19 Jun 2024AU$37.0bAU$31.5bAU$3.2b18.6x11.7x1.2x
Fri, 17 May 2024AU$36.9bAU$31.5bAU$3.2b19.3x11.7x1.2x
Sun, 14 Apr 2024AU$34.9bAU$31.5bAU$3.2b17.6x11x1.1x
Tue, 12 Mar 2024AU$32.5bAU$31.5bAU$3.2b25.4x10.3x1x
Thu, 08 Feb 2024AU$31.6bAU$34.0b-AU$20,531,010.7026.6x-1536.9x0.9x
Sat, 06 Jan 2024AU$32.9bAU$34.0b-AU$14,133,213.0020.2x-2330x1x
Mon, 04 Dec 2023AU$32.3bAU$34.0b-AU$14,212,780.0020.2x-2271x1x
Wed, 01 Nov 2023AU$34.5bAU$34.0b-AU$17,898,652.0021.5x-1925.8x1x
Fri, 29 Sep 2023AU$34.1bAU$34.1bAU$75.1m14.4x453.3x1x
Sun, 27 Aug 2023AU$34.1bAU$34.1bAU$66.0m14.1x517.3x1x
Tue, 25 Jul 2023AU$35.5bAU$35.6b-AU$1,363,327,065.0013.5x-26x1x
Thu, 22 Jun 2023AU$34.8bAU$35.6b-AU$1,363,313,797.0013.8x-25.5x1x
Sat, 20 May 2023AU$33.3bAU$35.5b-AU$1,369,456,108.008.1x-24.3x0.9x
Mon, 17 Apr 2023AU$33.2bAU$35.5b-AU$1,369,567,200.008.1x-24.2x0.9x
Wed, 15 Mar 2023AU$31.6bAU$35.5b-AU$1,369,514,743.008.1x-23.1x0.9x
Fri, 10 Feb 2023AU$30.6bAU$31.0b-AU$328,759,743.005.8x-93x1x
Price to Earnings Ratio

-93x


Total Market Cap: AU$30.6bTotal Earnings: -AU$328,759,743.00Total Revenue: AU$31.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Utilities Sector Price to Earnings3Y Average -214.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 19.8x which is higher than its 3-year average PE of -214x.
  • The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
  • Total earnings for the Utilities industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 4.3% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Utilities sector?

AU Market-1.47%
Utilities0.15%
Other Utilities3.48%
Water Utilities-0.012%
Electric Utilities-0.28%
Gas Utilities-0.33%
Renewable Energy-7.00%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 24.0%, which is higher than its past year's earnings decline of 89.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 0.5% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings decline by 41% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
AGL AGL EnergyAU$9.091.7%
+AU$100.9m
-20.7%PS0.4x
EWC Energy WorldAU$0.03911.4%
+AU$15.4m
95.0%PE0.3x
FLC FluenceAU$0.093.4%
+AU$3.4m
30.4%PS1.1x
DEM De.memAU$0.105.0%
+AU$1.6m
-25.0%PS1.3x
JNS Janus Electric HoldingsAU$0.134.0%
+AU$585.1k
n/aPS8.9x

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