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Australian (ASX) Market Analysis & Valuation

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies1571
  • 7D-0.9%
  • 3M-0.3%
  • 1Y0.01%
  • YTD-2.5%

The Consumer Staples sector gained 7.4% while the market remained flat over the last week. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026AU$2.9tAU$1.2tAU$114.2b17x25.3x2.4x
Sun, 10 May 2026AU$2.9tAU$1.2tAU$111.9b17.4x26.2x2.5x
Tue, 07 Apr 2026AU$2.9tAU$1.2tAU$114.5b17.2x25.1x2.4x
Thu, 05 Mar 2026AU$3.0tAU$1.2tAU$111.1b19.5x26.8x2.5x
Sat, 31 Jan 2026AU$3.0tAU$1.2tAU$108.1b21.5x27.9x2.5x
Mon, 29 Dec 2025AU$3.0tAU$1.2tAU$109.7b21.7x27.2x2.5x
Wed, 26 Nov 2025AU$2.9tAU$1.2tAU$110.0b21x26.2x2.4x
Fri, 24 Oct 2025AU$2.9tAU$1.2tAU$103.6b21.7x28.2x2.5x
Sun, 21 Sep 2025AU$3.0tAU$1.2tAU$110.9b20.7x26.8x2.5x
Tue, 19 Aug 2025AU$3.0tAU$1.2tAU$105.1b19.2x28.8x2.5x
Thu, 17 Jul 2025AU$2.9tAU$1.2tAU$102.5b18.4x28.1x2.4x
Sat, 14 Jun 2025AU$2.9tAU$1.2tAU$102.8b18.1x27.8x2.4x
Mon, 12 May 2025AU$2.8tAU$1.2tAU$103.5b17.8x26.6x2.3x
Wed, 09 Apr 2025AU$2.5tAU$1.2tAU$106.9b16.6x23.4x2x
Fri, 07 Mar 2025AU$2.7tAU$1.2tAU$104.6b17.8x25.8x2.2x
Sun, 02 Feb 2025AU$2.8tAU$1.2tAU$90.2b19.8x31.3x2.4x
Tue, 31 Dec 2024AU$2.7tAU$1.2tAU$89.9b20x30.3x2.3x
Thu, 28 Nov 2024AU$2.8tAU$1.2tAU$88.5b19.6x31.4x2.4x
Sat, 26 Oct 2024AU$2.7tAU$1.2tAU$88.2b19.9x30.8x2.3x
Mon, 23 Sep 2024AU$2.7tAU$1.2tAU$87.7b19.4x30.9x2.3x
Wed, 21 Aug 2024AU$2.6tAU$1.1tAU$89.0b19.9x29.6x2.3x
Fri, 19 Jul 2024AU$2.7tAU$1.1tAU$91.0b19.4x29.3x2.3x
Sun, 16 Jun 2024AU$2.6tAU$1.2tAU$92.4b18.9x27.9x2.2x
Tue, 14 May 2024AU$2.6tAU$1.2tAU$93.1b19.6x27.7x2.2x
Thu, 11 Apr 2024AU$2.6tAU$1.2tAU$94.7b20.4x27.7x2.2x
Sat, 09 Mar 2024AU$2.6tAU$1.2tAU$96.4b19.8x27.2x2.2x
Mon, 05 Feb 2024AU$2.6tAU$1.2tAU$116.2b19x22.1x2.2x
Wed, 03 Jan 2024AU$2.6tAU$1.2tAU$114.6b18.8x22.3x2.2x
Fri, 01 Dec 2023AU$2.4tAU$1.2tAU$116.1b18x20.4x2x
Sun, 29 Oct 2023AU$2.3tAU$1.2tAU$118.5b17.4x19.7x1.9x
Tue, 26 Sep 2023AU$2.4tAU$1.2tAU$120.0b17.7x19.9x2x
Thu, 24 Aug 2023AU$2.4tAU$1.2tAU$130.7b17x18.5x2x
Sat, 22 Jul 2023AU$2.5tAU$1.2tAU$144.6b16.6x17x2.1x
Mon, 19 Jun 2023AU$2.4tAU$1.2tAU$143.6b16x16.9x2.1x
Price to Earnings Ratio

16.9x


Total Market Cap: AU$2.4tTotal Earnings: AU$143.6bTotal Revenue: AU$1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 25.9x202420252026
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 25.9x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 7.3% 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-0.90%
Consumer Staples7.43%
Consumer Discretionary5.84%
Healthcare4.37%
Real Estate3.27%
Utilities2.19%
Telecom1.74%
Industrials1.68%
Energy-1.28%
Financials-1.36%
Tech-5.01%
Materials-5.78%
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 19.7%, 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 5.1% 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
BHP BHP GroupAU$62.932.8%
+AU$8.6b		68.5%PE22xMaterials
WES WesfarmersAU$86.479.6%
+AU$8.6b		2.0%PE32.1xConsumer Discretionary
CSL CSLAU$107.519.8%
+AU$4.7b		-55.0%PE26.3xHealthcare
WOW Woolworths GroupAU$38.337.4%
+AU$3.2b		19.0%PE78.3xConsumer Staples
BXB BramblesAU$19.0112.4%
+AU$2.8b		-17.5%PE19.5xIndustrials
See more

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Latest News

WOW
AU$38.33
Woolworths Group
7D
7.4%
1Y
19.0%
CSL
AU$107.51
CSL
7D
9.8%
1Y
-55.0%
Narrative Update • Jun 11

CSL: Cost Transformation And Capacity Expansion Will Support Long Term Earnings Power

Narrative Update on CSL The analyst fair value estimate for CSL has been revised from A$146.21 to A$140.86, with analysts citing updated assumptions for revenue growth, profit margins and forward P/E multiples in light of recent sector and company specific research. Analyst Commentary Recent research on CSL has pointed to a mix of optimism and caution, with valuation assumptions and execution risks front and center.
SIG
AU$2.64
Sigma Healthcare
7D
-9.6%
1Y
-18.8%
WES
AU$86.47
Wesfarmers
7D
9.6%
1Y
2.0%
NST
AU$19.26
Northern Star Resources
7D
-3.1%
1Y
-14.5%
CBA
AU$159.51
Commonwealth Bank of Australia
7D
-0.9%
1Y
-11.1%
BHP
AU$62.93
BHP Group
7D
2.8%
1Y
68.5%
BXB
AU$19.01
Brambles
7D
12.4%
1Y
-17.5%
NXT
AU$14.56
NEXTDC
7D
-8.2%
1Y
4.7%
TLS
AU$5.20
Telstra Group
7D
4.6%
1Y
6.3%
Narrative Update • Jun 06

TLS: Future Returns Will Depend On Buybacks Dividends And Sector Risk Repricing

Analysts have trimmed Telstra Group's fair value estimate slightly to A$5.27, reflecting a modestly higher discount rate and updated sector comparisons after recent software stock weakness, while still pointing to steady expectations for revenue growth, profit margins and a future P/E near 28x. Analyst Commentary Recent sector commentary on software and security-focused stocks highlights a mix of optimism about operational execution and caution around valuation for companies exposed to government and federal spending, which investors often compare to Telstra's infrastructure and service profile.
MQG
AU$242.44
Macquarie Group
7D
2.5%
1Y
13.9%
REA
AU$143.00
REA Group
7D
-10.0%
1Y
-38.5%
COL
AU$24.01
Coles Group
7D
8.1%
1Y
8.1%
WTC
AU$37.50
WiseTech Global
7D
-5.8%
1Y
-64.4%
Narrative Update • Jun 05

WTC: AI Restructuring And Reaffirmed 2026 Guidance Will Support Share Recovery

Analysts have reduced their WiseTech Global price target to about A$74.50 from roughly A$91.60, citing slightly softer revenue growth assumptions, a marginally higher discount rate, tighter profit margin expectations and a lower future P/E multiple in their valuation work. Analyst Commentary Recent research on WiseTech Global highlights a mix of optimism about the company’s long term growth potential and caution around valuation and execution risk, which helps frame the reduced A$74.50 price target.
FMG
AU$20.21
Fortescue
7D
-1.6%
1Y
28.5%
Narrative Update • Jun 04

FMG: Renewable Push And Legal Compensation Will Pressure Future Returns

Analysts have trimmed their price target for Fortescue from about A$19.56 to around A$18.91, reflecting slightly higher assumed discount rates and modestly softer long term profit margins and P/E expectations in their models. What's in the News Fortescue has started building the 690MW Turner River solar farm in Western Australia's Pilbara region as part of its Pilbara Green Grid renewable energy initiative, source: recent company news.
XRO
AU$73.50
Xero
7D
-7.3%
1Y
-61.0%
Narrative Update • Jun 03

XRO: AI And Melio Integration Will Support Stronger Future Returns

Analysts have trimmed their Xero price target from A$230.38 to A$203.09 as they factor in adjusted assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Xero reported FY26 operating revenue of about $2.75b to $2.8b, with US performance supported by the Melio acquisition and contributing to a very large uplift in US revenue and more than 110,000 new US customers.