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Australian (ASX) Utilities Sector Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies15
  • 7D1.1%
  • 3M5.3%
  • 1Y17.6%
  • YTD6.0%

In the last week, the Utilities industry is up 1.1%, with Origin Energy up 1.0%. During this same period, the Fluence underperformed, falling 9.1%. This takes the industry's 12 month performance to a gain of 18%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026AU$41.2bAU$34.4bAU$1.5b29.1x27.4x1.2x
Tue, 20 Jan 2026AU$37.6bAU$35.2bAU$2.0b31x18.8x1.1x
Thu, 18 Dec 2025AU$39.0bAU$35.2bAU$2.0b16.5x19.5x1.1x
Sat, 15 Nov 2025AU$40.6bAU$35.2bAU$2.0b18.9x20.2x1.2x
Mon, 13 Oct 2025AU$40.1bAU$35.2bAU$2.0b19.6x19.9x1.1x
Wed, 10 Sep 2025AU$39.4bAU$35.3bAU$2.0b17.2x19.7x1.1x
Fri, 08 Aug 2025AU$39.4bAU$35.1bAU$946.4m14.7x41.6x1.1x
Sun, 06 Jul 2025AU$37.3bAU$35.1bAU$948.6m15.1x39.3x1.1x
Tue, 03 Jun 2025AU$36.8bAU$35.1bAU$941.9m15.1x39.1x1.1x
Thu, 01 May 2025AU$37.0bAU$35.1bAU$949.6m15x39x1.1x
Sat, 29 Mar 2025AU$36.6bAU$35.1bAU$938.9m14.8x39x1x
Mon, 24 Feb 2025AU$34.8bAU$35.0bAU$2.6b15.5x13.3x1x
Wed, 22 Jan 2025AU$36.4bAU$33.3bAU$3.1b13.3x11.8x1.1x
Fri, 20 Dec 2024AU$35.1bAU$33.3bAU$3.1b12.9x11.4x1.1x
Sun, 17 Nov 2024AU$35.0bAU$33.2bAU$3.1b12.7x11.4x1.1x
Tue, 15 Oct 2024AU$36.3bAU$33.2bAU$3.1b12.1x11.8x1.1x
Thu, 12 Sep 2024AU$34.9bAU$33.3bAU$3.0b11.6x11.6x1x
Sat, 10 Aug 2024AU$36.5bAU$31.6bAU$3.1b18.8x11.6x1.2x
Mon, 08 Jul 2024AU$37.3bAU$31.6bAU$3.1b19.6x11.9x1.2x
Wed, 05 Jun 2024AU$36.7bAU$31.5bAU$3.2b19.9x11.6x1.2x
Fri, 03 May 2024AU$34.7bAU$31.5bAU$3.2b16.6x11x1.1x
Sun, 31 Mar 2024AU$33.5bAU$31.5bAU$3.2b17.6x10.6x1.1x
Tue, 27 Feb 2024AU$32.4bAU$31.6bAU$3.1b12.1x10.5x1x
Thu, 25 Jan 2024AU$31.6bAU$34.0b-AU$15,073,011.0020.4x-2094.6x0.9x
Sat, 23 Dec 2023AU$32.8bAU$34.0b-AU$12,682,808.0020.6x-2589.1x1x
Mon, 20 Nov 2023AU$33.5bAU$34.0b-AU$16,074,064.0021.2x-2084.4x1x
Wed, 18 Oct 2023AU$35.0bAU$34.0b-AU$17,760,238.0022.1x-1968.2x1x
Fri, 15 Sep 2023AU$34.0bAU$34.1bAU$73.9m14x460.6x1x
Sun, 13 Aug 2023AU$34.3bAU$34.4b-AU$1,857,351,660.0018.3x-18.5x1x
Tue, 11 Jul 2023AU$34.2bAU$35.6b-AU$1,363,318,515.0013.3x-25.1x1x
Thu, 08 Jun 2023AU$33.8bAU$35.6b-AU$1,363,329,850.0014x-24.8x1x
Sat, 06 May 2023AU$33.7bAU$35.5b-AU$1,369,530,034.008.1x-24.6x0.9x
Mon, 03 Apr 2023AU$32.6bAU$35.5b-AU$1,369,526,175.008.1x-23.8x0.9x
Wed, 01 Mar 2023AU$32.1bAU$35.5b-AU$1,368,720,984.008.1x-23.4x0.9x
Price to Earnings Ratio

-23.4x


Total Market Cap: AU$32.1bTotal Earnings: -AU$1,368,720,984.00Total Revenue: AU$35.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Utilities Sector Price to Earnings3Y Average -213.1x202420252026
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 27.4x 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 Market1.87%
Utilities1.12%
Renewable Energy5.39%
Other Utilities1.71%
Electric Utilities0.99%
Gas Utilities0.77%
Water Utilities0%0
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 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 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$12.201.0%
+AU$206.6m
14.6%PE20.6x
AGL AGL EnergyAU$10.601.7%
+AU$121.1m
0.4%PS0.5x
APA APA GroupAU$9.140.8%
+AU$92.1m
38.3%PE74.2x
LGI LGIAU$3.618.7%
+AU$30.0m
19.9%PE52.2x
FHE Frontier EnergyAU$0.214.9%
+AU$5.6m
79.2%PB1.5x

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