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Australian (ASX) Utilities Sector Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies15
  • 7D6.2%
  • 3M3.1%
  • 1Y15.6%
  • YTD4.9%

The Utilities industry is up 7.8% in the last week, with Origin Energy up 7.8%. During this same period, the Fluence underperformed, falling 10.0%. In the last 12 months, the industry was up 15%. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026AU$40.8bAU$34.4bAU$1.4b29.1x28.3x1.2x
Sat, 17 Jan 2026AU$37.2bAU$35.2bAU$2.0b30.9x18.6x1.1x
Mon, 15 Dec 2025AU$39.5bAU$35.2bAU$2.0b16.5x19.7x1.1x
Wed, 12 Nov 2025AU$40.8bAU$35.2bAU$2.0b17.7x20.3x1.2x
Fri, 10 Oct 2025AU$40.0bAU$35.2bAU$2.0b19x20x1.1x
Sun, 07 Sep 2025AU$39.5bAU$35.3bAU$2.0b16.6x19.6x1.1x
Tue, 05 Aug 2025AU$39.0bAU$35.1bAU$941.5m14.7x41.5x1.1x
Thu, 03 Jul 2025AU$37.5bAU$35.1bAU$950.1m15.2x39.5x1.1x
Sat, 31 May 2025AU$37.1bAU$35.1bAU$935.5m15.2x39.7x1.1x
Mon, 28 Apr 2025AU$36.3bAU$35.1bAU$950.2m14.6x38.2x1x
Wed, 26 Mar 2025AU$36.3bAU$35.1bAU$941.6m14.7x38.6x1x
Fri, 21 Feb 2025AU$34.6bAU$35.0bAU$2.6b15.5x13.2x1x
Sun, 19 Jan 2025AU$36.9bAU$33.3bAU$3.1b13.4x12x1.1x
Tue, 17 Dec 2024AU$35.4bAU$33.2bAU$3.1b12.9x11.5x1.1x
Thu, 14 Nov 2024AU$34.0bAU$33.2bAU$3.1b12.5x11.1x1x
Sat, 12 Oct 2024AU$36.3bAU$33.2bAU$3.1b12.1x11.8x1.1x
Mon, 09 Sep 2024AU$34.5bAU$33.3bAU$3.0b11.5x11.5x1x
Wed, 07 Aug 2024AU$35.7bAU$31.6bAU$3.1b18.2x11.4x1.1x
Fri, 05 Jul 2024AU$37.1bAU$31.6bAU$3.1b19.5x11.8x1.2x
Sun, 02 Jun 2024AU$36.3bAU$31.5bAU$3.2b17.8x11.5x1.2x
Tue, 30 Apr 2024AU$35.2bAU$31.5bAU$3.2b16.7x11.1x1.1x
Thu, 28 Mar 2024AU$33.1bAU$31.5bAU$3.2b17.6x10.5x1x
Sat, 24 Feb 2024AU$32.7bAU$31.6bAU$3.1b12x10.6x1x
Mon, 22 Jan 2024AU$31.2bAU$34.0b-AU$15,077,544.0020x-2068.1x0.9x
Wed, 20 Dec 2023AU$32.5bAU$34.0b-AU$13,529,183.0020.4x-2405.7x1x
Fri, 17 Nov 2023AU$33.7bAU$34.0b-AU$16,160,571.0021.7x-2083.5x1x
Sun, 15 Oct 2023AU$35.0bAU$34.0b-AU$18,742,623.0022.1x-1865x1x
Tue, 12 Sep 2023AU$33.9bAU$34.1bAU$73.9m14x459.3x1x
Thu, 10 Aug 2023AU$34.5bAU$35.6b-AU$1,363,346,990.0015.2x-25.3x1x
Sat, 08 Jul 2023AU$34.3bAU$35.6b-AU$1,363,318,791.0013.3x-25.2x1x
Mon, 05 Jun 2023AU$33.6bAU$35.6b-AU$1,363,340,730.0013.8x-24.6x0.9x
Wed, 03 May 2023AU$33.4bAU$35.5b-AU$1,369,412,055.008x-24.4x0.9x
Fri, 31 Mar 2023AU$32.5bAU$35.5b-AU$1,369,511,909.008.1x-23.7x0.9x
Sun, 26 Feb 2023AU$32.4bAU$35.5b-AU$1,368,716,730.008.6x-23.6x0.9x
Price to Earnings Ratio

-23.6x


Total Market Cap: AU$32.4bTotal Earnings: -AU$1,368,716,730.00Total Revenue: AU$35.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Utilities Sector Price to Earnings3Y Average -213.2x202420252026
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 28.1x which is higher than its 3-year average PE of -213x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.
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 remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

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

AU Market-0.51%
Utilities6.17%
Electric Utilities7.76%
Other Utilities5.95%
Gas Utilities4.18%
Renewable Energy0.87%
Water Utilities-0.56%
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 24.7%, 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 42% 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
ORG Origin EnergyAU$12.145.6%
+AU$1.1b		15.1%PE20.5x
AGL AGL EnergyAU$10.584.1%
+AU$282.6m		-1.0%PS0.5x
APA APA GroupAU$9.010.3%
+AU$39.5m		37.3%PE119.7x
LGI LGIAU$3.503.9%
+AU$13.4m		16.7%PE55.9x
EWC Energy WorldAU$0.0343.0%
+AU$3.9m		70.0%PE0.3x

Latest News

EWC
AU$0.034
Energy World
7D
3.0%
1Y
70.0%
AGL
AU$10.58
AGL Energy
7D
4.1%
1Y
-1.0%
ORG
AU$12.14
Origin Energy
7D
5.6%
1Y
15.1%
FLC
AU$0.08
Fluence
7D
-12.1%
1Y
27.0%
LGI
AU$3.50
LGI
7D
3.9%
1Y
16.7%
JNS
AU$0.14
Janus Electric Holdings
7D
3.8%
1Y
n/a
APA
AU$9.01
APA Group
7D
0.3%
1Y
37.3%
DEL
AU$0.10
Delorean
7D
9.9%
1Y
-25.9%

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TPC
AU$5.02
TPC Consolidated
7D
-15.2%
1Y
-42.9%
DEM
AU$0.10
De.mem
7D
8.2%
1Y
-12.5%
KPO
AU$0.013
Kalina Power
7D
-3.7%
1Y
44.4%
RIV
AU$1.55
Rivco Australia
7D
-0.3%
1Y
15.2%
CCE
AU$0.058
Carnegie Clean Energy
7D
-4.9%
1Y
61.1%