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Australian (ASX) Utilities Sector Analysis
UpdatedMar 01, 2026
DataAggregated Company Financials
Companies14
- 7D-1.2%
- 3M2.3%
- 1Y11.6%
- YTD4.9%
Over the last 7 days, the Utilities industry has dropped 1.2%, driven by a pullback from AGL Energy of 6.7%. This takes the industry's 12 month performance to a gain of 12%. As for the next few years, earnings are expected to grow by 13% per annum.
Sector Valuation and Performance
Has the Australian Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 01 Mar 2026 | AU$40.2b | AU$34.4b | AU$1.0b | 27.2x | 39.8x | 1.2x |
| Tue, 27 Jan 2026 | AU$39.1b | AU$35.2b | AU$2.0b | 31.9x | 19.7x | 1.1x |
| Thu, 25 Dec 2025 | AU$39.2b | AU$35.2b | AU$2.0b | 17.1x | 19.6x | 1.1x |
| Sat, 22 Nov 2025 | AU$39.0b | AU$35.2b | AU$2.0b | 19.5x | 19.3x | 1.1x |
| Mon, 20 Oct 2025 | AU$40.1b | AU$35.2b | AU$2.0b | 18.9x | 19.9x | 1.1x |
| Wed, 17 Sep 2025 | AU$40.2b | AU$35.3b | AU$2.0b | 17.8x | 20.1x | 1.1x |
| Fri, 15 Aug 2025 | AU$40.0b | AU$34.9b | AU$616.8m | 15x | 64.9x | 1.1x |
| Sun, 13 Jul 2025 | AU$38.5b | AU$35.1b | AU$951.2m | 15.7x | 40.4x | 1.1x |
| Tue, 10 Jun 2025 | AU$36.9b | AU$35.1b | AU$945.6m | 15.1x | 39.1x | 1.1x |
| Thu, 08 May 2025 | AU$37.6b | AU$35.1b | AU$958.1m | 15.5x | 39.2x | 1.1x |
| Sat, 05 Apr 2025 | AU$35.2b | AU$35.1b | AU$922.3m | 14.4x | 38.2x | 1x |
| Mon, 03 Mar 2025 | AU$36.2b | AU$35.1b | AU$929.5m | 14.9x | 38.9x | 1x |
| Wed, 29 Jan 2025 | AU$36.1b | AU$33.3b | AU$3.1b | 13.3x | 11.7x | 1.1x |
| Fri, 27 Dec 2024 | AU$36.4b | AU$33.3b | AU$3.1b | 13.2x | 11.8x | 1.1x |
| Sun, 24 Nov 2024 | AU$36.4b | AU$33.2b | AU$3.1b | 13.9x | 11.8x | 1.1x |
| Tue, 22 Oct 2024 | AU$35.0b | AU$33.2b | AU$3.1b | 12.3x | 11.4x | 1.1x |
| Thu, 19 Sep 2024 | AU$35.2b | AU$33.3b | AU$3.0b | 12.1x | 11.7x | 1.1x |
| Sat, 17 Aug 2024 | AU$35.7b | AU$33.1b | AU$3.2b | 17.6x | 11.1x | 1.1x |
| Mon, 15 Jul 2024 | AU$37.1b | AU$31.6b | AU$3.1b | 19.5x | 11.8x | 1.2x |
| Wed, 12 Jun 2024 | AU$37.2b | AU$31.5b | AU$3.2b | 19.2x | 11.8x | 1.2x |
| Fri, 10 May 2024 | AU$36.5b | AU$31.5b | AU$3.2b | 17.9x | 11.5x | 1.2x |
| Sun, 07 Apr 2024 | AU$33.9b | AU$31.5b | AU$3.2b | 17.6x | 10.7x | 1.1x |
| Tue, 05 Mar 2024 | AU$32.4b | AU$31.5b | AU$3.2b | 26.7x | 10.3x | 1x |
| Thu, 01 Feb 2024 | AU$32.3b | AU$34.0b | -AU$15,282,959.00 | 20.3x | -2113.3x | 1x |
| Sat, 30 Dec 2023 | AU$32.9b | AU$34.0b | -AU$12,797,958.00 | 20.6x | -2568.6x | 1x |
| Mon, 27 Nov 2023 | AU$33.1b | AU$34.0b | -AU$15,183,360.00 | 20.9x | -2182.9x | 1x |
| Wed, 25 Oct 2023 | AU$34.0b | AU$34.0b | -AU$17,994,391.00 | 22x | -1889.5x | 1x |
| Fri, 22 Sep 2023 | AU$33.8b | AU$34.1b | AU$75.1m | 14.2x | 450.1x | 1x |
| Sun, 20 Aug 2023 | AU$34.2b | AU$34.1b | AU$96.6m | 14.1x | 354.1x | 1x |
| Tue, 18 Jul 2023 | AU$35.1b | AU$35.6b | -AU$1,363,325,374.00 | 13.5x | -25.7x | 1x |
| Thu, 15 Jun 2023 | AU$34.0b | AU$35.6b | -AU$1,363,311,187.00 | 13.8x | -24.9x | 1x |
| Sat, 13 May 2023 | AU$33.3b | AU$35.5b | -AU$1,369,545,441.00 | 8.1x | -24.3x | 0.9x |
| Mon, 10 Apr 2023 | AU$33.1b | AU$35.5b | -AU$1,369,491,758.00 | 8.1x | -24.2x | 0.9x |
| Wed, 08 Mar 2023 | AU$31.7b | AU$35.5b | -AU$1,369,593,607.00 | 8.1x | -23.1x | 0.9x |
Price to Earnings Ratio
-23.1x
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 39.8x which is higher than its 3-year average PE of -213x.
- The 3-year average PS ratio of 1.1x 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 | 1.40% | |
| Utilities | -1.18% | |
| Renewable Energy | 2.49% | |
| Gas Utilities | 0.66% | |
| Electric Utilities | -0.41% | |
| Water Utilities | -2.28% | |
| Other Utilities | -6.65% | |
Industry PE
- Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 0.084x.
- Analysts are expecting annual earnings growth of 22.8% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 100% over the next 5 years.
- This is better than its past earnings growth rate of 2.0% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| APA APA Group | AU$9.20 | 0.7% +AU$78.9m | 24.7% | PE74.7x | |
| KPO Kalina Power | AU$0.017 | 30.8% +AU$11.7m | 88.9% | PB6.3x | |
| EWC Energy World | AU$0.035 | 6.1% +AU$7.7m | 59.1% | PB0.1x | |
| LGI LGI | AU$3.67 | 1.7% +AU$6.2m | 24.4% | PE53x | |
| FHE Frontier Energy | AU$0.23 | 4.7% +AU$5.6m | 104.5% | PS189.7x |
