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Australian (ASX) Utilities Sector Analysis

UpdatedDec 21, 2025
DataAggregated Company Financials
Companies15
  • 7D-1.9%
  • 3M-3.9%
  • 1Y8.4%
  • YTD6.2%

Over the last 7 days, the Utilities industry has dropped 1.9%, driven by Origin Energy declining 4.7%. This takes the industry's 12 month performance to a gain of 8.4%. Earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Dec 2025AU$38.8bAU$35.2bAU$2.0b17.7x19.3x1.1x
Tue, 18 Nov 2025AU$40.4bAU$35.2bAU$2.0b18.3x20.1x1.1x
Thu, 16 Oct 2025AU$40.2bAU$35.2bAU$2.0b20.1x20x1.1x
Sat, 13 Sep 2025AU$39.8bAU$35.3bAU$2.0b18.4x19.9x1.1x
Mon, 11 Aug 2025AU$39.6bAU$35.1bAU$945.9m14.8x41.8x1.1x
Wed, 09 Jul 2025AU$38.1bAU$35.1bAU$947.7m15.5x40.2x1.1x
Fri, 06 Jun 2025AU$37.0bAU$35.1bAU$944.7m15x39.1x1.1x
Sun, 04 May 2025AU$37.5bAU$35.1bAU$955.2m15.3x39.3x1.1x
Tue, 01 Apr 2025AU$36.2bAU$35.1bAU$934.5m14.7x38.8x1x
Thu, 27 Feb 2025AU$36.5bAU$35.1bAU$1.6b13.2x22.8x1x
Sat, 25 Jan 2025AU$36.9bAU$33.3bAU$3.1b13.8x12x1.1x
Mon, 23 Dec 2024AU$35.6bAU$33.3bAU$3.1b13x11.6x1.1x
Wed, 20 Nov 2024AU$36.0bAU$33.2bAU$3.1b12.9x11.7x1.1x
Fri, 18 Oct 2024AU$35.7bAU$33.2bAU$3.1b12.7x11.6x1.1x
Sun, 15 Sep 2024AU$35.1bAU$33.3bAU$3.0b12.3x11.7x1.1x
Tue, 13 Aug 2024AU$36.6bAU$31.6bAU$3.1b18.9x11.7x1.2x
Thu, 11 Jul 2024AU$36.8bAU$31.6bAU$3.1b19.5x11.7x1.2x
Sat, 08 Jun 2024AU$37.2bAU$31.5bAU$3.2b19.2x11.8x1.2x
Mon, 06 May 2024AU$34.9bAU$31.5bAU$3.2b18x11x1.1x
Wed, 03 Apr 2024AU$33.6bAU$31.5bAU$3.2b17.6x10.6x1.1x
Fri, 01 Mar 2024AU$32.2bAU$31.5bAU$3.2b14.8x10.2x1x
Sun, 28 Jan 2024AU$31.6bAU$34.0b-AU$15,274,616.0020.2x-2066.7x0.9x
Tue, 26 Dec 2023AU$32.8bAU$34.0b-AU$12,859,586.0020.6x-2553.5x1x
Thu, 23 Nov 2023AU$33.0bAU$34.0b-AU$15,476,433.0021.1x-2129.6x1x
Sat, 21 Oct 2023AU$34.2bAU$34.0b-AU$18,482,580.0021.9x-1849x1x
Mon, 18 Sep 2023AU$34.1bAU$34.1bAU$75.1m14.1x454.1x1x
Wed, 16 Aug 2023AU$34.1bAU$34.4b-AU$1,857,350,018.0018x-18.4x1x
Fri, 14 Jul 2023AU$34.7bAU$35.6b-AU$1,363,315,400.0013.4x-25.4x1x
Sun, 11 Jun 2023AU$34.0bAU$35.6b-AU$1,363,321,124.0014.2x-24.9x1x
Tue, 09 May 2023AU$33.8bAU$35.5b-AU$1,369,716,180.008.2x-24.7x1x
Thu, 06 Apr 2023AU$32.7bAU$35.5b-AU$1,369,525,013.008.1x-23.8x0.9x
Sat, 04 Mar 2023AU$31.8bAU$35.5b-AU$1,369,009,235.008.1x-23.2x0.9x
Mon, 30 Jan 2023AU$31.4bAU$31.0b-AU$328,994,381.0011.5x-95.4x1x
Wed, 28 Dec 2022AU$32.8bAU$31.0b-AU$328,281,235.009.3x-100x1.1x
Price to Earnings Ratio

-100x


Total Market Cap: AU$32.8bTotal Earnings: -AU$328,281,235.00Total Revenue: AU$31.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Utilities Sector Price to Earnings3Y Average -219x202320242025
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 19.3x which is higher than its 3-year average PE of -219x.
  • 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-0.62%
Utilities-1.88%
Gas Utilities2.08%
Other Utilities-0.42%
Renewable Energy-1.85%
Water Utilities-2.41%
Electric Utilities-4.71%
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 24.2%, 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
APA APA GroupAU$9.312.1%
+AU$249.9m
30.2%PE123.7x
EWC Energy WorldAU$0.05110.9%
+AU$21.7m
200.0%PE0.4x
VPR Volt GroupAU$0.147.4%
+AU$1.1m
-3.3%PE17.7x
TPC TPC ConsolidatedAU$6.060.2%
+AU$113.4k
-29.7%PE226.6x
TML Timah ResourcesAU$0.0422.4%
+AU$88.8k
-2.3%PS1.2x

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