Header cover image

Australian (ASX) Utilities Sector Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies14
  • 7D1.1%
  • 3M3.4%
  • 1Y17.6%
  • YTD6.2%

The Utilities industry is up 1.1% in the last week, with Origin Energy up 1.9%. This takes the industry's 12 month performance to a gain of 18%. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Feb 2026AU$40.8bAU$34.3bAU$1.5b24.8x27.3x1.2x
Wed, 21 Jan 2026AU$38.2bAU$35.2bAU$2.0b32.8x19.1x1.1x
Fri, 19 Dec 2025AU$38.6bAU$35.2bAU$2.0b16.5x19.3x1.1x
Sun, 16 Nov 2025AU$40.6bAU$35.2bAU$2.0b18.9x20.2x1.2x
Tue, 14 Oct 2025AU$39.8bAU$35.2bAU$2.0b20.2x19.8x1.1x
Thu, 11 Sep 2025AU$39.5bAU$35.3bAU$2.0b15.9x19.7x1.1x
Sat, 09 Aug 2025AU$39.6bAU$35.1bAU$946.2m14.8x41.8x1.1x
Mon, 07 Jul 2025AU$37.3bAU$35.1bAU$948.6m15.1x39.3x1.1x
Wed, 04 Jun 2025AU$37.0bAU$35.1bAU$939.3m15.1x39.4x1.1x
Fri, 02 May 2025AU$37.0bAU$35.1bAU$947.3m15x39x1.1x
Sun, 30 Mar 2025AU$36.6bAU$35.1bAU$938.9m14.8x39x1x
Tue, 25 Feb 2025AU$35.9bAU$35.0bAU$2.6b15.4x13.7x1x
Thu, 23 Jan 2025AU$36.8bAU$33.3bAU$3.1b13.4x11.9x1.1x
Sat, 21 Dec 2024AU$35.6bAU$33.3bAU$3.1b13x11.6x1.1x
Mon, 18 Nov 2024AU$35.0bAU$33.2bAU$3.1b12.7x11.4x1.1x
Wed, 16 Oct 2024AU$36.2bAU$33.2bAU$3.1b12.7x11.8x1.1x
Fri, 13 Sep 2024AU$35.2bAU$33.3bAU$3.0b12x11.7x1.1x
Sun, 11 Aug 2024AU$36.5bAU$31.6bAU$3.1b18.8x11.6x1.2x
Tue, 09 Jul 2024AU$37.0bAU$31.6bAU$3.1b19.6x11.8x1.2x
Thu, 06 Jun 2024AU$36.9bAU$31.5bAU$3.2b19.9x11.7x1.2x
Sat, 04 May 2024AU$34.9bAU$31.5bAU$3.2b17.9x11x1.1x
Mon, 01 Apr 2024AU$33.5bAU$31.5bAU$3.2b17.6x10.6x1.1x
Wed, 28 Feb 2024AU$32.2bAU$31.6bAU$3.1b12x10.5x1x
Fri, 26 Jan 2024AU$31.6bAU$34.0b-AU$15,143,251.0020.2x-2084.6x0.9x
Sun, 24 Dec 2023AU$32.8bAU$34.0b-AU$12,793,926.0020.6x-2566.6x1x
Tue, 21 Nov 2023AU$33.3bAU$34.0b-AU$15,604,339.0021x-2131.3x1x
Thu, 19 Oct 2023AU$34.4bAU$34.0b-AU$17,821,768.0021.7x-1928.1x1x
Sat, 16 Sep 2023AU$34.0bAU$34.1bAU$73.9m14x460.6x1x
Mon, 14 Aug 2023AU$34.3bAU$34.4b-AU$1,857,351,660.0018.3x-18.5x1x
Wed, 12 Jul 2023AU$34.5bAU$35.6b-AU$1,363,319,297.0013.5x-25.3x1x
Fri, 09 Jun 2023AU$34.1bAU$35.6b-AU$1,363,328,947.0014x-25x1x
Sun, 07 May 2023AU$33.7bAU$35.5b-AU$1,369,640,078.008.2x-24.6x0.9x
Tue, 04 Apr 2023AU$32.8bAU$35.5b-AU$1,369,526,175.008.1x-24x0.9x
Thu, 02 Mar 2023AU$32.0bAU$35.5b-AU$1,369,671,795.008.2x-23.3x0.9x
Price to Earnings Ratio

-23.3x


Total Market Cap: AU$32.0bTotal Earnings: -AU$1,369,671,795.00Total Revenue: AU$35.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Utilities Sector Price to Earnings3Y Average -213x202420252026
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 27.3x 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 Market1.85%
Utilities1.05%
Renewable Energy1.95%
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 20.8% 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 88% 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?

CompanyLast Price7D1YValuation
ORG Origin EnergyAU$12.071.9%
+AU$395.9m
11.4%PE20.4x
APA APA GroupAU$9.120.2%
+AU$26.3m
28.1%PE74x
LGI LGIAU$3.655.2%
+AU$18.6m
21.7%PE52.8x
FHE Frontier EnergyAU$0.232.3%
+AU$2.8m
95.7%PB1.5x
DEL DeloreanAU$0.106.1%
+AU$1.3m
-25.0%PS1.2x

Latest News