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Australian (ASX) Utilities Sector Analysis

UpdatedAug 26, 2025
DataAggregated Company Financials
Companies15
  • 7D1.0%
  • 3M11.1%
  • 1Y12.8%
  • YTD11.4%

In the last week, the Utilities industry is up 1.0%, with APA Group up 2.8%. During this same period, the AGL Energy underperformed, falling 6.3%. In the last 12 months, the industry was up 13%. As for the next few years, earnings are expected to grow by 10% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Aug 2025AU$40.5bAU$35.3bAU$820.0m15x49.4x1.1x
Thu, 24 Jul 2025AU$39.2bAU$35.1bAU$952.6m15.7x41.1x1.1x
Sat, 21 Jun 2025AU$37.8bAU$35.1bAU$942.5m15.1x40.1x1.1x
Mon, 19 May 2025AU$37.5bAU$35.1bAU$950.7m15.3x39.5x1.1x
Wed, 16 Apr 2025AU$35.7bAU$35.1bAU$945.7m14.6x37.7x1x
Fri, 14 Mar 2025AU$35.1bAU$35.1bAU$938.4m14.3x37.4x1x
Sun, 09 Feb 2025AU$34.7bAU$33.3bAU$3.1b12.4x11.3x1x
Tue, 07 Jan 2025AU$36.4bAU$33.3bAU$3.1b13x11.8x1.1x
Thu, 05 Dec 2024AU$35.9bAU$33.2bAU$3.1b13.5x11.7x1.1x
Sat, 02 Nov 2024AU$33.5bAU$33.2bAU$3.1b12.2x10.9x1x
Mon, 30 Sep 2024AU$36.1bAU$33.3bAU$3.0b12.2x12x1.1x
Wed, 28 Aug 2024AU$35.8bAU$33.1bAU$3.2b17.6x11.1x1.1x
Fri, 26 Jul 2024AU$36.3bAU$31.6bAU$3.1b18.8x11.6x1.1x
Sun, 23 Jun 2024AU$37.8bAU$31.5bAU$3.2b19.2x11.9x1.2x
Tue, 21 May 2024AU$36.6bAU$31.5bAU$3.2b18.2x11.6x1.2x
Thu, 18 Apr 2024AU$34.0bAU$31.5bAU$3.2b17.6x10.8x1.1x
Sat, 16 Mar 2024AU$33.2bAU$31.5bAU$3.2b25.3x10.5x1.1x
Mon, 12 Feb 2024AU$31.6bAU$32.3bAU$1.6b20.9x19.4x1x
Wed, 10 Jan 2024AU$32.9bAU$34.0b-AU$14,007,481.0020.1x-2346.3x1x
Fri, 08 Dec 2023AU$32.1bAU$34.0b-AU$15,460,491.0020.2x-2076.7x0.9x
Sun, 05 Nov 2023AU$33.2bAU$34.0b-AU$16,118,547.0021x-2061.9x1x
Tue, 03 Oct 2023AU$34.1bAU$34.1bAU$75.1m14.5x454.2x1x
Thu, 31 Aug 2023AU$34.6bAU$34.1bAU$66.0m14.2x523.6x1x
Sat, 29 Jul 2023AU$35.7bAU$35.6b-AU$1,363,338,273.0013.3x-26.2x1x
Mon, 26 Jun 2023AU$34.8bAU$35.6b-AU$1,363,318,043.0013.7x-25.5x1x
Wed, 24 May 2023AU$33.1bAU$35.5b-AU$1,369,432,475.008x-24.2x0.9x
Fri, 21 Apr 2023AU$33.2bAU$35.5b-AU$1,369,572,753.008.1x-24.2x0.9x
Sun, 19 Mar 2023AU$31.6bAU$35.5b-AU$1,369,535,127.008.1x-23x0.9x
Tue, 14 Feb 2023AU$30.2bAU$33.1b-AU$1,958,675,485.007.7x-15.4x0.9x
Thu, 12 Jan 2023AU$31.6bAU$31.0b-AU$328,614,709.0011x-96.2x1x
Sat, 10 Dec 2022AU$32.7bAU$31.0b-AU$328,349,865.009.3x-99.5x1.1x
Mon, 07 Nov 2022AU$28.4bAU$31.1b-AU$327,707,510.007.9x-86.6x0.9x
Wed, 05 Oct 2022AU$27.0bAU$31.1b-AU$327,852,597.009.2x-82.3x0.9x
Fri, 02 Sep 2022AU$29.4bAU$31.0b-AU$316,818,306.006.2x-92.7x0.9x
Price to Earnings Ratio

-92.7x


Total Market Cap: AU$29.4bTotal Earnings: -AU$316,818,306.00Total Revenue: AU$31.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Utilities Sector Price to Earnings3Y Average -230.9x202320242025
Current Industry PE
  • Investors are optimistic on the Australian Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 49.4x which is higher than its 3-year average PE of -231x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.1x.
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 Market0.018%
Utilities1.02%
Gas Utilities2.45%
Electric Utilities1.48%
Renewable Energy-1.29%
Water Utilities-1.95%
Other Utilities-2.94%
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 25.6%, 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 28% over the next 5 years.
  • However this is lower than its past earnings growth rate of 60% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings decline by 9.9% 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
APA APA GroupAU$8.712.8%
+AU$313.1m
9.7%PE114.8x
ORG Origin EnergyAU$12.910.6%
+AU$137.3m
30.3%PE15x
EWC Energy WorldAU$0.06412.3%
+AU$21.6m
433.3%PS5.2x
JNS Janus Electric HoldingsAU$0.1428.6%
+AU$3.5m
-66.3%PB4.8x
FHE Frontier EnergyAU$0.212.4%
+AU$2.6m
-52.7%PB1.4x

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