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Australian (ASX) Utilities Sector Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies15
  • 7D-2.1%
  • 3M7.1%
  • 1Y17.2%
  • YTD5.9%

Over the last 7 days, the Utilities industry has dropped 2.1%, driven by Origin Energy declining 2.9%. In contrast, LGI has gained 10%. Over the past 12 months, the industry was up 17%. Looking forward, 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, 09 Apr 2026AU$40.9bAU$34.3bAU$987.0m38.9x41.4x1.2x
Sat, 07 Mar 2026AU$39.9bAU$34.4bAU$986.9m38x40.4x1.2x
Mon, 02 Feb 2026AU$39.1bAU$35.2bAU$2.0b31x19.8x1.1x
Wed, 31 Dec 2025AU$39.0bAU$35.2bAU$2.0b16.5x19.5x1.1x
Fri, 28 Nov 2025AU$39.4bAU$35.2bAU$2.0b17.7x19.6x1.1x
Sun, 26 Oct 2025AU$40.8bAU$35.2bAU$2.0b18.9x20.3x1.2x
Tue, 23 Sep 2025AU$40.4bAU$35.3bAU$2.0b17.8x20.1x1.1x
Thu, 21 Aug 2025AU$40.5bAU$35.2bAU$669.3m15x60.5x1.1x
Sat, 19 Jul 2025AU$39.0bAU$35.1bAU$945.9m15.7x41.2x1.1x
Mon, 16 Jun 2025AU$38.6bAU$35.1bAU$943.0m15.6x41x1.1x
Wed, 14 May 2025AU$38.0bAU$35.1bAU$957.6m15.4x39.6x1.1x
Fri, 11 Apr 2025AU$36.1bAU$35.1bAU$926.7m14.6x39x1x
Sun, 09 Mar 2025AU$34.6bAU$35.1bAU$940.8m14x36.8x1x
Tue, 04 Feb 2025AU$34.8bAU$33.3bAU$3.1b12.9x11.3x1x
Thu, 02 Jan 2025AU$36.2bAU$33.3bAU$3.1b13.4x11.8x1.1x
Sat, 30 Nov 2024AU$36.4bAU$33.2bAU$3.1b13.8x11.8x1.1x
Mon, 28 Oct 2024AU$34.6bAU$33.2bAU$3.1b13.1x11.2x1x
Wed, 25 Sep 2024AU$36.2bAU$33.3bAU$3.0b12x12.1x1.1x
Fri, 23 Aug 2024AU$36.2bAU$33.1bAU$3.2b22.4x11.3x1.1x
Sun, 21 Jul 2024AU$36.9bAU$31.6bAU$3.1b19.3x11.8x1.2x
Tue, 18 Jun 2024AU$36.2bAU$31.5bAU$3.2b19.2x11.5x1.1x
Thu, 16 May 2024AU$36.7bAU$31.5bAU$3.2b19.2x11.6x1.2x
Sat, 13 Apr 2024AU$34.9bAU$31.5bAU$3.2b17.6x11x1.1x
Mon, 11 Mar 2024AU$32.8bAU$31.5bAU$3.2b26.7x10.4x1x
Wed, 07 Feb 2024AU$31.0bAU$34.0b-AU$20,862,593.7327x-1487.2x0.9x
Fri, 05 Jan 2024AU$32.9bAU$34.0b-AU$13,577,107.0020.3x-2424.6x1x
Sun, 03 Dec 2023AU$32.3bAU$34.0b-AU$14,212,780.0020.2x-2271x1x
Tue, 31 Oct 2023AU$34.6bAU$34.0b-AU$17,768,885.0021.5x-1946.6x1x
Thu, 28 Sep 2023AU$34.3bAU$34.1bAU$75.1m14.5x456.8x1x
Sat, 26 Aug 2023AU$34.2bAU$34.2bAU$86.2m11x396.6x1x
Mon, 24 Jul 2023AU$35.4bAU$35.6b-AU$1,363,330,741.0013.4x-25.9x1x
Wed, 21 Jun 2023AU$34.8bAU$35.6b-AU$1,363,310,948.0013.8x-25.5x1x
Fri, 19 May 2023AU$33.4bAU$35.5b-AU$1,369,370,811.008x-24.4x0.9x
Sun, 16 Apr 2023AU$33.2bAU$35.5b-AU$1,369,567,200.008.1x-24.2x0.9x
Price to Earnings Ratio

-24.2x


Total Market Cap: AU$33.2bTotal Earnings: -AU$1,369,567,200.00Total Revenue: AU$35.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Utilities Sector Price to Earnings3Y Average -210.5x202420252026
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 41.4x 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 Market3.12%
Utilities-2.09%
Renewable Energy2.76%
Water Utilities0.43%
Gas Utilities-0.31%
Electric Utilities-2.90%
Other Utilities-3.37%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 1.2x.
    • Analysts are expecting annual earnings growth of 21.0% 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
APA APA GroupAU$9.920.6%
+AU$79.4m		21.6%PE81.1x
LGI LGIAU$3.746.9%
+AU$24.8m		35.0%PE54.1x
EWC Energy WorldAU$0.0349.7%
+AU$11.6m		112.5%PB0.1x
TPC TPC ConsolidatedAU$4.305.4%
+AU$2.5m		-52.3%PS0.2x
RIV Rivco AustraliaAU$1.460.7%
+AU$1.6m		-0.7%PE10.6x

Latest News

ORG
AU$12.35
Origin Energy
7D
-1.9%
1Y
22.0%

ORG: Updated Guidance And Margin Outlook Will Support Measured Fair Value View

Analysts have nudged their fair value estimate for Origin Energy slightly higher to A$12.17 from A$12.15, reflecting updated assumptions around revenue growth, profit margins, and a modestly lower future P/E multiple. What's in the News Origin Energy held an Analyst/Investor Day, giving the market a closer look at its plans and assumptions across the business (Key Developments).
DEM
AU$0.088
De.mem
7D
-5.4%
1Y
-16.2%
APA
AU$9.92
APA Group
7D
0.6%
1Y
21.6%

APA: Future Interim Distribution Mix And Earnings Assumptions Will Support A Measured Outlook

Analysts have kept their A$8.95 price target for APA Group unchanged, pointing to only minor tweaks in assumptions such as a slightly lower discount rate and refined long term P/E and margin inputs. What's in the News The Board has resolved to pay an interim distribution of A$0.275 per security for the half year ended 31 December 2025, compared with A$0.27 per security for the first half 2025 interim distribution, which the company describes as a 1.9% increase (Key Developments).
RIV
AU$1.46
Rivco Australia
7D
0.7%
1Y
-0.7%
VPR
AU$0.15
Volt Group
7D
-6.3%
1Y
50.0%
CCE
AU$0.059
Carnegie Clean Energy
7D
-1.7%
1Y
68.6%
LGI
AU$3.74
LGI
7D
6.9%
1Y
35.0%
AGL
AU$9.68
AGL Energy
7D
-2.4%
1Y
-10.6%
JNS
AU$0.14
Janus Electric Holdings
7D
-21.1%
1Y
n/a
LPE
AU$0.095
Locality Planning Energy Holdings
7D
3.3%
1Y
-26.9%
FLC
AU$0.077
Fluence
7D
-1.3%
1Y
57.1%
TPC
AU$4.30
TPC Consolidated
7D
5.4%
1Y
-52.3%
EWC
AU$0.034
Energy World
7D
9.7%
1Y
112.5%
DEL
AU$0.10
Delorean
7D
5.3%
1Y
-35.5%

Delorean Corporation Limited (ASX:DEL) Not Doing Enough For Some Investors As Its Shares Slump 29%

Jan 14
Delorean Corporation Limited (ASX:DEL) Not Doing Enough For Some Investors As Its Shares Slump 29%
KPO
AU$0.011
Kalina Power
7D
-15.4%
1Y
57.1%