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Australian (ASX) Market Analysis & Valuation

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies1574
  • 7D-0.4%
  • 3M-5.1%
  • 1Y2.9%
  • YTD-2.4%

Over the last 7 days, the market has dropped 1.7%, driven by a pullback of 8.0% in the Materials sector. Although the market performance has been flat over the past year. Earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Australian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 22 May 2026AU$2.9tAU$1.2tAU$113.5b17.1x25.5x2.4x
Sun, 19 Apr 2026AU$3.0tAU$1.2tAU$113.2b17.5x26.5x2.5x
Tue, 17 Mar 2026AU$2.9tAU$1.2tAU$111.5b18.7x25.9x2.4x
Thu, 12 Feb 2026AU$3.1tAU$1.2tAU$106.1b21.6x28.8x2.6x
Sat, 10 Jan 2026AU$3.0tAU$1.2tAU$109.7b21.7x27.1x2.5x
Mon, 08 Dec 2025AU$2.9tAU$1.2tAU$109.5b21.7x26.7x2.4x
Wed, 05 Nov 2025AU$3.0tAU$1.2tAU$110.7b21.1x26.9x2.5x
Fri, 03 Oct 2025AU$3.0tAU$1.2tAU$110.2b21.2x27.4x2.5x
Sun, 31 Aug 2025AU$3.0tAU$1.2tAU$110.5b19.6x27.4x2.5x
Tue, 29 Jul 2025AU$2.9tAU$1.2tAU$102.6b18.6x28.6x2.4x
Thu, 26 Jun 2025AU$2.9tAU$1.2tAU$102.7b18.1x27.9x2.4x
Sat, 24 May 2025AU$2.8tAU$1.2tAU$102.6b18x27.2x2.3x
Mon, 21 Apr 2025AU$2.6tAU$1.2tAU$104.3b17.1x25x2.1x
Wed, 19 Mar 2025AU$2.6tAU$1.2tAU$104.5b17.7x25.1x2.2x
Fri, 14 Feb 2025AU$2.8tAU$1.2tAU$94.9b19.9x29.7x2.4x
Sun, 12 Jan 2025AU$2.7tAU$1.2tAU$90.5b19.7x30.3x2.3x
Tue, 10 Dec 2024AU$2.8tAU$1.2tAU$88.7b20.5x31.4x2.4x
Thu, 07 Nov 2024AU$2.7tAU$1.2tAU$89.0b19.5x30.4x2.3x
Sat, 05 Oct 2024AU$2.7tAU$1.2tAU$87.1b19.6x31x2.3x
Mon, 02 Sep 2024AU$2.7tAU$1.2tAU$87.7b19.6x30.4x2.3x
Wed, 31 Jul 2024AU$2.6tAU$1.2tAU$91.9b19.2x28.7x2.3x
Fri, 28 Jun 2024AU$2.6tAU$1.2tAU$91.9b19x28.2x2.2x
Sun, 26 May 2024AU$2.6tAU$1.2tAU$92.3b19.1x27.9x2.2x
Tue, 23 Apr 2024AU$2.5tAU$1.2tAU$95.9b19.6x26.3x2.2x
Thu, 21 Mar 2024AU$2.6tAU$1.2tAU$96.0b19.3x26.8x2.2x
Sat, 17 Feb 2024AU$2.6tAU$1.2tAU$114.7b19.1x22.3x2.2x
Mon, 15 Jan 2024AU$2.5tAU$1.2tAU$114.8b18.6x21.9x2.2x
Wed, 13 Dec 2023AU$2.4tAU$1.2tAU$116.2b18.1x20.8x2.1x
Fri, 10 Nov 2023AU$2.3tAU$1.2tAU$118.1b17.7x19.9x2x
Sun, 08 Oct 2023AU$2.3tAU$1.2tAU$119.4b17.4x19.7x2x
Tue, 05 Sep 2023AU$2.5tAU$1.2tAU$120.0b18.2x20.5x2.1x
Thu, 03 Aug 2023AU$2.5tAU$1.2tAU$146.1b16.7x16.9x2.1x
Sat, 01 Jul 2023AU$2.4tAU$1.2tAU$145.9b16.3x16.5x2.1x
Mon, 29 May 2023AU$2.4tAU$1.2tAU$147.1b16.1x16.3x2x
Price to Earnings Ratio

16.3x


Total Market Cap: AU$2.4tTotal Earnings: AU$147.1bTotal Revenue: AU$1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 25.7x202420252026
Current Market PE
  • Investors are relatively neutral on the Australian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 25.7x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 8.3% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Australian Market?

AU Market-0.39%
Energy3.44%
Consumer Staples3.43%
Financials2.59%
Tech1.67%
Healthcare1.50%
Consumer Discretionary1.29%
Real Estate-0.08%
Telecom-0.50%
Industrials-1.16%
Utilities-3.92%
Materials-5.52%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.5%, which is higher than its past year's earnings growth of 10.8% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 170x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 19% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 5.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
CBA Commonwealth Bank of AustraliaAU$164.134.9%
+AU$12.9b		-5.0%PB3.6xFinancials
NAB National Australia BankAU$37.663.4%
+AU$3.8b		0.8%PB1.9xFinancials
WES WesfarmersAU$74.754.2%
+AU$3.4b		-10.0%PE27.7xConsumer Discretionary
WOW Woolworths GroupAU$34.496.0%
+AU$2.4b		8.1%PE70.5xConsumer Staples
WDS Woodside Energy GroupAU$31.834.0%
+AU$2.3b		48.3%PE15.9xEnergy
See more

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