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Australian (ASX) Utilities Sector Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies15
  • 7D-0.03%
  • 3M11.8%
  • 1Y16.1%
  • YTD8.2%

Last week, the Utilities industry hasn't moved much but Frontier Energy is up 8.0% in that time. As for the the longer term, the industry is up 16% over the past 12 months. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Apr 2026AU$41.7bAU$34.3bAU$987.6m40.1x42.3x1.2x
Wed, 18 Mar 2026AU$39.3bAU$34.3bAU$987.2m35.9x39.8x1.1x
Fri, 13 Feb 2026AU$39.4bAU$34.6bAU$1.4b31x27.4x1.1x
Sun, 11 Jan 2026AU$38.4bAU$35.2bAU$2.0b28.1x19.2x1.1x
Tue, 09 Dec 2025AU$39.5bAU$35.2bAU$2.0b18.3x19.7x1.1x
Thu, 06 Nov 2025AU$39.8bAU$35.2bAU$2.0b18.3x19.7x1.1x
Sat, 04 Oct 2025AU$40.1bAU$35.3bAU$2.0b16.5x20x1.1x
Mon, 01 Sep 2025AU$40.3bAU$35.3bAU$2.0b15.4x20x1.1x
Wed, 30 Jul 2025AU$38.8bAU$35.1bAU$944.7m15.6x41.1x1.1x
Fri, 27 Jun 2025AU$37.1bAU$35.1bAU$947.4m15.1x39.1x1.1x
Sun, 25 May 2025AU$37.4bAU$35.1bAU$943.2m15.3x39.6x1.1x
Tue, 22 Apr 2025AU$35.9bAU$35.1bAU$952.2m14.5x37.7x1x
Thu, 20 Mar 2025AU$36.3bAU$35.1bAU$943.6m14.6x38.5x1x
Sat, 15 Feb 2025AU$34.4bAU$35.0bAU$2.6b12.8x13.1x1x
Mon, 13 Jan 2025AU$36.4bAU$33.3bAU$3.1b13.6x11.8x1.1x
Wed, 11 Dec 2024AU$36.0bAU$33.2bAU$3.1b13x11.7x1.1x
Fri, 08 Nov 2024AU$33.6bAU$33.2bAU$3.1b12.3x10.9x1x
Sun, 06 Oct 2024AU$36.4bAU$33.2bAU$3.1b12.4x11.8x1.1x
Tue, 03 Sep 2024AU$35.5bAU$33.3bAU$3.0b11.9x11.8x1.1x
Thu, 01 Aug 2024AU$36.6bAU$31.6bAU$3.1b18.4x11.7x1.2x
Sat, 29 Jun 2024AU$37.6bAU$31.5bAU$3.2b19.4x11.9x1.2x
Mon, 27 May 2024AU$37.3bAU$31.5bAU$3.2b18.2x11.8x1.2x
Wed, 24 Apr 2024AU$35.4bAU$31.5bAU$3.2b17.6x11.2x1.1x
Fri, 22 Mar 2024AU$33.2bAU$31.5bAU$3.2b26.5x10.5x1.1x
Sun, 18 Feb 2024AU$32.1bAU$31.6bAU$2.2b20.8x14.4x1x
Tue, 16 Jan 2024AU$31.8bAU$34.0b-AU$14,320,269.0020.3x-2222.3x0.9x
Thu, 14 Dec 2023AU$32.0bAU$34.0b-AU$15,563,729.0020.1x-2052.9x0.9x
Sat, 11 Nov 2023AU$33.5bAU$34.0b-AU$18,083,466.0020.7x-1853.8x1x
Mon, 09 Oct 2023AU$33.3bAU$34.0b-AU$17,620,556.0021.5x-1890.1x1x
Wed, 06 Sep 2023AU$33.9bAU$34.1bAU$68.6m13.7x493.8x1x
Fri, 04 Aug 2023AU$34.7bAU$35.6b-AU$1,363,353,852.0013.1x-25.4x1x
Sun, 02 Jul 2023AU$34.1bAU$35.6b-AU$1,363,321,375.0013.9x-25x1x
Tue, 30 May 2023AU$33.6bAU$35.6b-AU$1,363,344,324.0013.8x-24.6x0.9x
Thu, 27 Apr 2023AU$33.2bAU$35.5b-AU$1,369,385,455.008x-24.2x0.9x
Price to Earnings Ratio

-24.2x


Total Market Cap: AU$33.2bTotal Earnings: -AU$1,369,385,455.00Total Revenue: AU$35.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Utilities Sector Price to Earnings3Y Average -209.8x202420252026
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 42.3x which is higher than its 3-year average PE of -210x.
  • 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 Market0.25%
Utilities-0.026%
Renewable Energy4.08%
Electric Utilities0.74%
Water Utilities0.63%
Gas Utilities-0.50%
Other Utilities-1.81%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 1.6x.
    • Analysts are expecting annual earnings growth of 21.1% 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 103% over the next 5 years.
  • This is better than its past earnings decline of 66% per year.
  • In contrast, the Water Utilities industry is expected to see its earnings decline by 31% 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
FHE Frontier EnergyAU$0.278.0%
+AU$11.3m
50.0%PB1.8x
FLC FluenceAU$0.09810.1%
+AU$10.3m
96.0%PS1x
DEL DeloreanAU$0.1218.6%
+AU$4.0m
-32.4%PS1.8x
LPE Locality Planning Energy HoldingsAU$0.0967.9%
+AU$1.3m
-20.0%PS0.4x
JNS Janus Electric HoldingsAU$0.153.4%
+AU$590.1k
n/aPS9.2x

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