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Australian (ASX) Utilities Sector Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies15
  • 7D5.0%
  • 3M-4.6%
  • 1Y5.2%
  • YTD0.6%

In the last week, the Utilities industry is up 5.0%, with Origin Energy up 7.2%. Meanwhile, Energy World actually underperformed within the industry, shrinking 8.5% in the last week. This takes the industry's 12 month performance to a gain of 5.2%. As for the next few years, earnings are expected to grow by 9.5% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 26 Jan 2026AU$39.1bAU$35.2bAU$2.0b31.9x19.7x1.1x
Wed, 24 Dec 2025AU$39.2bAU$35.2bAU$2.0b17.7x19.6x1.1x
Fri, 21 Nov 2025AU$39.5bAU$35.2bAU$2.0b18.3x19.6x1.1x
Sun, 19 Oct 2025AU$40.1bAU$35.2bAU$2.0b18.9x19.9x1.1x
Tue, 16 Sep 2025AU$40.0bAU$35.3bAU$2.0b17.8x20x1.1x
Thu, 14 Aug 2025AU$38.7bAU$35.1bAU$949.7m14.7x40.7x1.1x
Sat, 12 Jul 2025AU$38.6bAU$35.1bAU$950.1m15.6x40.6x1.1x
Mon, 09 Jun 2025AU$36.9bAU$35.1bAU$943.3m15.1x39.2x1.1x
Wed, 07 May 2025AU$37.6bAU$35.1bAU$955.9m15.2x39.3x1.1x
Fri, 04 Apr 2025AU$36.8bAU$35.1bAU$943.7m15x39x1x
Sun, 02 Mar 2025AU$36.2bAU$35.1bAU$929.5m14.9x38.9x1x
Tue, 28 Jan 2025AU$36.9bAU$33.3bAU$3.1b13.8x12x1.1x
Thu, 26 Dec 2024AU$36.4bAU$33.3bAU$3.1b13.2x11.8x1.1x
Sat, 23 Nov 2024AU$36.4bAU$33.2bAU$3.1b13.9x11.8x1.1x
Mon, 21 Oct 2024AU$34.7bAU$33.2bAU$3.1b12.5x11.3x1x
Wed, 18 Sep 2024AU$34.8bAU$33.3bAU$3.0b12.2x11.6x1x
Fri, 16 Aug 2024AU$35.5bAU$33.1bAU$3.2b17.6x11x1.1x
Sun, 14 Jul 2024AU$37.1bAU$31.6bAU$3.1b19.5x11.8x1.2x
Tue, 11 Jun 2024AU$37.2bAU$31.5bAU$3.2b19.1x11.8x1.2x
Thu, 09 May 2024AU$36.4bAU$31.5bAU$3.2b17.6x11.5x1.2x
Sat, 06 Apr 2024AU$33.9bAU$31.5bAU$3.2b17.6x10.7x1.1x
Mon, 04 Mar 2024AU$32.4bAU$31.5bAU$3.2b20.9x10.3x1x
Wed, 31 Jan 2024AU$31.7bAU$34.0b-AU$15,109,849.0020.1x-2101x0.9x
Fri, 29 Dec 2023AU$32.7bAU$34.0b-AU$12,388,965.0020.5x-2638.2x1x
Sun, 26 Nov 2023AU$33.1bAU$34.0b-AU$15,183,360.0020.9x-2182.9x1x
Tue, 24 Oct 2023AU$34.2bAU$34.0b-AU$18,656,178.0022x-1832.3x1x
Thu, 21 Sep 2023AU$33.9bAU$34.1bAU$75.1m14.1x451.1x1x
Sat, 19 Aug 2023AU$34.2bAU$34.1bAU$96.6m14.1x354.1x1x
Mon, 17 Jul 2023AU$35.0bAU$35.6b-AU$1,363,325,374.0013.5x-25.7x1x
Wed, 14 Jun 2023AU$34.1bAU$35.6b-AU$1,363,317,226.0013.9x-25x1x
Fri, 12 May 2023AU$33.3bAU$35.5b-AU$1,369,688,034.008.2x-24.3x0.9x
Sun, 09 Apr 2023AU$33.1bAU$35.5b-AU$1,369,491,758.008.1x-24.2x0.9x
Tue, 07 Mar 2023AU$31.7bAU$35.5b-AU$1,369,672,459.008.2x-23.1x0.9x
Thu, 02 Feb 2023AU$31.3bAU$31.0b-AU$328,942,838.006x-95.3x1x
Price to Earnings Ratio

-95.3x


Total Market Cap: AU$31.3bTotal Earnings: -AU$328,942,838.00Total Revenue: AU$31.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Utilities Sector Price to Earnings3Y Average -215.1x202420252026
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 19.7x which is higher than its 3-year average PE of -215x.
  • The industry is trading close to its 3-year average PS ratio of 1.0x.
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 grown 4.3% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Utilities sector?

AU Market-0.29%
Utilities5.00%
Electric Utilities7.23%
Water Utilities5.59%
Gas Utilities3.21%
Other Utilities1.80%
Renewable Energy1.57%
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 24.2%, which is higher than its past year's earnings decline of 89.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 41% 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$11.737.2%
+AU$1.4b		3.3%PE13.6x
APA APA GroupAU$8.993.2%
+AU$368.3m		33.2%PE119.4x
AGL AGL EnergyAU$8.821.8%
+AU$107.6m		-24.6%PS0.4x
LGI LGIAU$4.205.0%
+AU$20.7m		50.0%PE67.1x
RIV Rivco AustraliaAU$1.577.2%
+AU$16.7m		19.9%PE9.7x

Latest News

FLC
AU$0.089
Fluence
7D
-6.3%
1Y
29.0%
EWC
AU$0.037
Energy World
7D
-8.5%
1Y
87.5%
LGI
AU$4.20
LGI
7D
5.0%
1Y
50.0%
ORG
AU$11.73
Origin Energy
7D
7.2%
1Y
3.3%

ORG: Slower Revenue Assumptions And Stable Margins Will Support Fair Value Outlook

Analysts have trimmed their price target for Origin Energy slightly from A$12.15 to A$12.03 as they now assume slower revenue growth, broadly similar profit margins, and a slightly lower future P/E multiple. Valuation Changes Fair value estimate reduced slightly from A$12.15 to A$12.03.
AGL
AU$8.82
AGL Energy
7D
1.8%
1Y
-24.6%
JNS
AU$0.11
Janus Electric Holdings
7D
31.0%
1Y
n/a
APA
AU$8.99
APA Group
7D
3.2%
1Y
33.2%
LPE
AU$0.12
Locality Planning Energy Holdings
7D
14.3%
1Y
-20.0%
TPC
AU$5.90
TPC Consolidated
7D
-2.5%
1Y
-32.9%
DEM
AU$0.11
De.mem
7D
-4.3%
1Y
0%
KPO
AU$0.015
Kalina Power
7D
7.1%
1Y
87.5%
RIV
AU$1.57
Rivco Australia
7D
7.2%
1Y
19.9%
CCE
AU$0.072
Carnegie Clean Energy
7D
-1.4%
1Y
84.6%