Australian (ASX) Water Industry Analysis

UpdatedDec 18, 2025

DataAggregated Company Financials

Companies2

7D0.3%
3M-4.1%
1Y7.7%
YTDn/a

Over the last 7 days, the Water industry has risen 1.5%, driven by gains from De.mem of 4.8%. Meanwhile, Fluence actually underperformed within the industry, shrinking 14% in the last week. This takes the industry's 12 month performance to a gain of 4.3%. In the next few years, earnings are forecast to decline by 41% 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
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
Thu, 08 Jun 2023	AU$238.6m	AU$39.6m	AU$6.5m	20.2x	36.6x	6x
Sat, 06 May 2023	AU$231.5m	AU$39.6m	AU$6.5m	19.5x	35.5x	5.8x
Mon, 03 Apr 2023	AU$240.6m	AU$39.6m	AU$6.5m	21x	36.9x	6.1x
Wed, 01 Mar 2023	AU$239.7m	AU$37.6m	AU$6.2m	19x	38.8x	6.4x
Fri, 27 Jan 2023	AU$234.2m	AU$37.6m	AU$6.2m	18.2x	38x	6.2x
Sun, 25 Dec 2022	AU$221.3m	AU$37.6m	AU$6.2m	17.5x	35.8x	5.9x

Price to Earnings Ratio

35.8x

Sun, 25 Dec 2022

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.