Australian (ASX) Water Industry Analysis

UpdatedJan 22, 2026

DataAggregated Company Financials

Companies2

7D6.0%
3M3.5%
1Y12.0%
YTDn/a

Over the last 7 days, the Water industry has remained flat, although notably Rivco Australia gained 6.2%. As for the the longer term, the industry is up 8.3% over the past 12 months. As for the next few years, earnings are forecast to decline by 41% per annum.

Industry Valuation and Performance

Has the Australian Water Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 22 Jan 2026	AU$281.8m	AU$75.4m	AU$23.5m	9.7x	12x	3.7x
Sat, 20 Dec 2025	AU$255.2m	AU$75.4m	AU$23.5m	8.6x	10.8x	3.4x
Mon, 17 Nov 2025	AU$267.2m	AU$75.4m	AU$23.5m	8.9x	11.4x	3.5x
Wed, 15 Oct 2025	AU$266.2m	AU$75.4m	AU$23.5m	9.3x	11.3x	3.5x
Fri, 12 Sep 2025	AU$259.5m	AU$75.4m	AU$23.5m	8.9x	11x	3.4x
Sun, 10 Aug 2025	AU$272.6m	AU$49.9m	AU$6.6m	25.7x	41.5x	5.5x
Tue, 08 Jul 2025	AU$264.1m	AU$49.9m	AU$6.6m	25x	40.2x	5.3x
Thu, 05 Jun 2025	AU$272.0m	AU$49.9m	AU$6.6m	25.8x	41.4x	5.5x
Sat, 03 May 2025	AU$275.9m	AU$49.9m	AU$6.6m	25.9x	42x	5.5x
Mon, 31 Mar 2025	AU$262.7m	AU$49.9m	AU$6.6m	24.4x	40x	5.3x
Wed, 26 Feb 2025	AU$306.1m	AU$149.4m	-AU$18,480,324.80	17.6x	-16.6x	2x
Fri, 24 Jan 2025	AU$310.7m	AU$150.6m	-AU$18,820,694.40	17.4x	-16.5x	2.1x
Sun, 22 Dec 2024	AU$320.1m	AU$150.8m	-AU$18,868,585.60	17.3x	-17x	2.1x
Tue, 19 Nov 2024	AU$356.2m	AU$147.8m	-AU$18,013,385.60	19.5x	-19.8x	2.4x
Thu, 17 Oct 2024	AU$345.1m	AU$144.7m	-AU$17,122,267.20	17.9x	-20.2x	2.4x
Sat, 14 Sep 2024	AU$353.1m	AU$144.4m	-AU$17,045,299.20	17.8x	-20.7x	2.4x
Mon, 12 Aug 2024	AU$356.8m	AU$150.9m	-AU$20,136,607.00	33.3x	-17.7x	2.4x
Wed, 10 Jul 2024	AU$374.0m	AU$148.3m	-AU$19,567,307.50	35x	-19.1x	2.5x
Fri, 07 Jun 2024	AU$252.7m	AU$44.4m	AU$3.2m	35.3x	79.1x	5.7x
Sun, 05 May 2024	AU$253.9m	AU$44.4m	AU$3.2m	35.1x	79.4x	5.7x
Tue, 02 Apr 2024	AU$270.6m	AU$44.4m	AU$3.2m	36.9x	84.6x	6.1x
Thu, 29 Feb 2024	AU$252.9m	AU$44.0m	AU$5.3m	26.1x	47.7x	5.7x
Sat, 27 Jan 2024	AU$250.6m	AU$44.0m	AU$5.3m	26.9x	47.2x	5.7x
Mon, 25 Dec 2023	AU$263.5m	AU$44.0m	AU$5.3m	28.4x	49.7x	6x
Wed, 22 Nov 2023	AU$275.3m	AU$44.0m	AU$5.3m	29.4x	51.9x	6.3x
Fri, 20 Oct 2023	AU$282.5m	AU$44.0m	AU$5.3m	29.8x	53.3x	6.4x
Sun, 17 Sep 2023	AU$281.7m	AU$44.0m	AU$5.3m	29.7x	53.1x	6.4x
Tue, 15 Aug 2023	AU$323.8m	AU$39.6m	AU$6.5m	28.1x	49.7x	8.2x
Thu, 13 Jul 2023	AU$229.0m	AU$39.6m	AU$6.5m	18.7x	35.2x	5.8x
Sat, 10 Jun 2023	AU$241.5m	AU$39.6m	AU$6.5m	20.5x	37.1x	6.1x
Mon, 08 May 2023	AU$231.5m	AU$39.6m	AU$6.5m	19.5x	35.5x	5.8x
Wed, 05 Apr 2023	AU$240.0m	AU$39.6m	AU$6.5m	20.9x	36.8x	6.1x
Fri, 03 Mar 2023	AU$240.8m	AU$38.1m	AU$5.3m	20.8x	45.5x	6.3x
Sun, 29 Jan 2023	AU$231.8m	AU$37.6m	AU$6.2m	18.2x	37.6x	6.2x

Price to Earnings Ratio

37.6x

Sun, 29 Jan 2023

Current Industry PE

There are only 2 companies in the Australian Water Utilities industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.

Past Earnings Growth

The earnings for companies in the Water Utilities industry have grown 56% per year over the last three years.
Revenues for these companies have grown 26% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.