Australian (ASX) Water Industry Analysis

UpdatedSep 12, 2026

DataAggregated Company Financials

Companies2

7D-1.7%
3M-6.1%
1Y-14.2%
YTDn/a

Over the last 7 days, the Water industry has dropped 1.7%, driven by a pullback from Rivco Australia of 1.2%. Meanwhile, Fluence actually outperformed within the industry, gaining 12% in the last week. However, the industry is down 14% over the past year. Looking forward, earnings are forecast to grow by 36% annually.

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, 12 Sep 2026	AU$229.5m	AU$48.2m	-AU$1,581,000.00	n/a	-145.2x	4.8x
Mon, 10 Aug 2026	AU$254.2m	AU$82.0m	AU$19.9m	10.1x	12.8x	3.1x
Wed, 08 Jul 2026	AU$258.2m	AU$82.0m	AU$19.9m	10.3x	13x	3.1x
Fri, 05 Jun 2026	AU$248.2m	AU$82.0m	AU$19.9m	10.4x	12.5x	3x
Sun, 03 May 2026	AU$249.5m	AU$82.0m	AU$19.9m	10.3x	12.6x	3x
Tue, 31 Mar 2026	AU$256.5m	AU$82.0m	AU$19.9m	10.4x	12.9x	3.1x
Thu, 26 Feb 2026	AU$276.6m	AU$75.4m	AU$23.5m	9.6x	11.7x	3.7x
Sat, 24 Jan 2026	AU$284.2m	AU$75.4m	AU$23.5m	9.7x	12.1x	3.8x
Mon, 22 Dec 2025	AU$255.2m	AU$75.4m	AU$23.5m	8.6x	10.8x	3.4x
Wed, 19 Nov 2025	AU$263.3m	AU$75.4m	AU$23.5m	8.9x	11.2x	3.5x
Fri, 17 Oct 2025	AU$264.6m	AU$75.4m	AU$23.5m	9.2x	11.2x	3.5x
Sun, 14 Sep 2025	AU$260.3m	AU$75.4m	AU$23.5m	9x	11.1x	3.5x
Tue, 12 Aug 2025	AU$268.0m	AU$49.9m	AU$6.6m	25.4x	40.8x	5.4x
Thu, 10 Jul 2025	AU$265.8m	AU$49.9m	AU$6.6m	25.3x	40.5x	5.3x
Sat, 07 Jun 2025	AU$272.1m	AU$49.9m	AU$6.6m	25.5x	41.5x	5.5x
Mon, 05 May 2025	AU$275.9m	AU$49.9m	AU$6.6m	25.9x	42x	5.5x
Wed, 02 Apr 2025	AU$256.7m	AU$49.9m	AU$6.6m	24.2x	39.1x	5.1x
Fri, 28 Feb 2025	AU$303.4m	AU$150.1m	-AU$18,673,600.00	17.4x	-16.2x	2x
Sun, 26 Jan 2025	AU$311.0m	AU$149.9m	-AU$18,613,736.00	17.4x	-16.7x	2.1x
Tue, 24 Dec 2024	AU$319.6m	AU$151.0m	-AU$18,913,056.00	17.6x	-16.9x	2.1x
Thu, 21 Nov 2024	AU$359.1m	AU$147.2m	-AU$17,826,952.00	19.5x	-20.1x	2.4x
Sat, 19 Oct 2024	AU$350.6m	AU$144.3m	-AU$17,002,539.20	18x	-20.6x	2.4x
Mon, 16 Sep 2024	AU$353.1m	AU$144.4m	-AU$17,035,036.80	17.8x	-20.7x	2.4x
Wed, 14 Aug 2024	AU$343.5m	AU$150.6m	-AU$20,072,158.00	31.2x	-17.1x	2.3x
Fri, 12 Jul 2024	AU$386.3m	AU$148.1m	-AU$19,521,272.50	34.2x	-19.8x	2.6x
Sun, 09 Jun 2024	AU$254.2m	AU$44.4m	AU$3.2m	35.5x	79.5x	5.7x
Tue, 07 May 2024	AU$249.3m	AU$44.4m	AU$3.2m	34.4x	78x	5.6x
Thu, 04 Apr 2024	AU$273.4m	AU$44.4m	AU$3.2m	37.1x	85.5x	6.2x
Sat, 02 Mar 2024	AU$259.5m	AU$44.4m	AU$3.2m	35.6x	81.2x	5.9x
Mon, 29 Jan 2024	AU$250.6m	AU$44.0m	AU$5.3m	26.9x	47.2x	5.7x
Wed, 27 Dec 2023	AU$263.5m	AU$44.0m	AU$5.3m	28.4x	49.7x	6x
Fri, 24 Nov 2023	AU$270.4m	AU$44.0m	AU$5.3m	28.5x	51x	6.1x
Sun, 22 Oct 2023	AU$282.3m	AU$44.0m	AU$5.3m	30x	53.2x	6.4x
Tue, 19 Sep 2023	AU$287.2m	AU$44.0m	AU$5.3m	30x	54.2x	6.5x

Price to Earnings Ratio

54.2x

Tue, 19 Sep 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

Total earnings for the Water Utilities industry have declined over the last three years, with the industry now making a loss overall.
Meanwhile revenues have grown 3.1% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.