Narrative Update • Jun 24
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Australian (ASX) Water Industry Analysis
UpdatedJul 04, 2026
DataAggregated Company Financials
Companies2
- 7D0.7%
- 3M-0.4%
- 1Y-5.8%
- YTDn/a
The Water industry is up 4.4% in the last week, with De.mem up 33%. In the same time, Fluence was down 10.0%. However, the industry is down 3.7% over the past year. Looking forward, earnings are forecast to decline by 31% per year.
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 |
|---|---|---|---|---|---|---|
| Sat, 04 Jul 2026 | AU$258.8m | AU$82.0m | AU$19.9m | 10.4x | 13x | 3.2x |
| Mon, 01 Jun 2026 | AU$249.7m | AU$82.0m | AU$19.9m | 10.4x | 12.6x | 3x |
| Wed, 29 Apr 2026 | AU$258.8m | AU$82.0m | AU$19.9m | 10.6x | 13x | 3.2x |
| Fri, 27 Mar 2026 | AU$262.9m | AU$82.0m | AU$19.9m | 10.6x | 13.2x | 3.2x |
| Sun, 22 Feb 2026 | AU$277.2m | AU$75.4m | AU$23.5m | 9.6x | 11.8x | 3.7x |
| Tue, 20 Jan 2026 | AU$267.5m | AU$75.4m | AU$23.5m | 9.1x | 11.4x | 3.6x |
| Thu, 18 Dec 2025 | AU$258.3m | AU$75.4m | AU$23.5m | 8.8x | 11x | 3.4x |
| Sat, 15 Nov 2025 | AU$267.2m | AU$75.4m | AU$23.5m | 8.9x | 11.4x | 3.5x |
| Mon, 13 Oct 2025 | AU$265.8m | AU$75.4m | AU$23.5m | 9.2x | 11.3x | 3.5x |
| Wed, 10 Sep 2025 | AU$260.9m | AU$75.4m | AU$23.5m | 8.9x | 11.1x | 3.5x |
| Fri, 08 Aug 2025 | AU$271.1m | AU$49.9m | AU$6.6m | 25.7x | 41.3x | 5.4x |
| Sun, 06 Jul 2025 | AU$267.2m | AU$49.9m | AU$6.6m | 25.3x | 40.7x | 5.4x |
| Tue, 03 Jun 2025 | AU$279.6m | AU$49.9m | AU$6.6m | 26.3x | 42.6x | 5.6x |
| Thu, 01 May 2025 | AU$275.1m | AU$49.9m | AU$6.6m | 25.9x | 41.9x | 5.5x |
| Sat, 29 Mar 2025 | AU$262.7m | AU$49.9m | AU$6.6m | 24.4x | 40x | 5.3x |
| Mon, 24 Feb 2025 | AU$312.8m | AU$149.2m | -AU$18,423,881.60 | 17.8x | -17x | 2.1x |
| Wed, 22 Jan 2025 | AU$317.6m | AU$151.3m | -AU$19,024,232.00 | 17.8x | -16.7x | 2.1x |
| Fri, 20 Dec 2024 | AU$319.6m | AU$150.9m | -AU$18,889,110.40 | 17.2x | -16.9x | 2.1x |
| Sun, 17 Nov 2024 | AU$356.1m | AU$147.8m | -AU$18,013,385.60 | 19.3x | -19.8x | 2.4x |
| Tue, 15 Oct 2024 | AU$341.4m | AU$143.7m | -AU$16,845,182.40 | 17.4x | -20.3x | 2.4x |
| Thu, 12 Sep 2024 | AU$348.9m | AU$144.9m | -AU$17,161,606.40 | 17.8x | -20.3x | 2.4x |
| Sat, 10 Aug 2024 | AU$356.8m | AU$150.9m | -AU$20,139,676.00 | 33.3x | -17.7x | 2.4x |
| Mon, 08 Jul 2024 | AU$390.2m | AU$148.1m | -AU$19,528,945.00 | 34.8x | -20x | 2.6x |
| Wed, 05 Jun 2024 | AU$258.5m | AU$44.4m | AU$3.2m | 35.8x | 80.9x | 5.8x |
| Fri, 03 May 2024 | AU$256.8m | AU$44.4m | AU$3.2m | 35.4x | 80.3x | 5.8x |
| Sun, 31 Mar 2024 | AU$270.6m | AU$44.4m | AU$3.2m | 36.9x | 84.6x | 6.1x |
| Tue, 27 Feb 2024 | AU$255.6m | AU$44.0m | AU$5.3m | 26.6x | 48.2x | 5.8x |
| Thu, 25 Jan 2024 | AU$256.1m | AU$44.0m | AU$5.3m | 27.2x | 48.3x | 5.8x |
| Sat, 23 Dec 2023 | AU$263.5m | AU$44.0m | AU$5.3m | 28.4x | 49.7x | 6x |
| Mon, 20 Nov 2023 | AU$283.4m | AU$44.0m | AU$5.3m | 30x | 53.4x | 6.4x |
| Wed, 18 Oct 2023 | AU$289.3m | AU$44.0m | AU$5.3m | 30.6x | 54.6x | 6.6x |
| Fri, 15 Sep 2023 | AU$282.0m | AU$44.0m | AU$5.3m | 29.9x | 53.2x | 6.4x |
| Sun, 13 Aug 2023 | AU$331.1m | AU$39.6m | AU$6.5m | 28.8x | 50.8x | 8.4x |
| Tue, 11 Jul 2023 | AU$229.0m | AU$39.6m | AU$6.5m | 18.7x | 35.2x | 5.8x |
Price to Earnings Ratio
35.2x
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 45% per year over the last three years.
- Revenues for these companies have grown 27% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Water compare with similar industries?
| AU Market | 0.98% | |
| Utilities | -5.44% | |
| Water Utilities | 0.67% | |
| Water | 0.67% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FLC Fluence | AU$0.075 | 4.2% +AU$3.4m | 89.9% | PS0.8x | |
| RIV Rivco Australia | AU$1.44 | 1.1% +AU$2.4m | -5.3% | PE10.4x |