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Australian (ASX) Market Analysis & Valuation

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies1551
  • 7D1.6%
  • 3M-2.7%
  • 1Y8.0%
  • YTD1.3%

Over the last 7 days, the market has risen 1.6%, driven by gains of 2.3% in the Materials sector. In the last year, the market has climbed 8.0%. 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
Thu, 15 Jan 2026AU$3.0tAU$1.2tAU$109.8b21.9x27.4x2.5x
Sat, 13 Dec 2025AU$2.9tAU$1.2tAU$109.6b21.4x26.9x2.5x
Mon, 10 Nov 2025AU$3.0tAU$1.2tAU$110.6b20.8x26.7x2.5x
Wed, 08 Oct 2025AU$3.0tAU$1.2tAU$110.4b21.2x27.5x2.5x
Fri, 05 Sep 2025AU$3.0tAU$1.2tAU$111.5b20.5x26.7x2.5x
Sun, 03 Aug 2025AU$2.9tAU$1.2tAU$103.9b18.9x28.1x2.4x
Tue, 01 Jul 2025AU$2.9tAU$1.2tAU$102.5b18.2x27.9x2.4x
Thu, 29 May 2025AU$2.8tAU$1.2tAU$102.9b17.8x27.3x2.3x
Sat, 26 Apr 2025AU$2.7tAU$1.2tAU$104.1b17.2x25.5x2.2x
Mon, 24 Mar 2025AU$2.6tAU$1.2tAU$104.8b17.6x25.2x2.2x
Wed, 19 Feb 2025AU$2.8tAU$1.2tAU$101.5b19.9x27.8x2.4x
Fri, 17 Jan 2025AU$2.7tAU$1.2tAU$90.2b19.1x30.1x2.3x
Sun, 15 Dec 2024AU$2.7tAU$1.2tAU$89.2b20.3x30.7x2.3x
Tue, 12 Nov 2024AU$2.7tAU$1.2tAU$88.1b19.5x31x2.3x
Thu, 10 Oct 2024AU$2.7tAU$1.2tAU$87.7b19.5x30.9x2.3x
Sat, 07 Sep 2024AU$2.6tAU$1.2tAU$87.8b19.1x30x2.3x
Mon, 05 Aug 2024AU$2.6tAU$1.2tAU$92.3b19.3x28.4x2.3x
Wed, 03 Jul 2024AU$2.6tAU$1.2tAU$91.9b18.9x28x2.2x
Fri, 31 May 2024AU$2.5tAU$1.2tAU$92.2b19.1x27.6x2.2x
Sun, 28 Apr 2024AU$2.5tAU$1.2tAU$91.1b19.4x27.7x2.2x
Tue, 26 Mar 2024AU$2.6tAU$1.2tAU$96.0b19.5x27x2.2x
Thu, 22 Feb 2024AU$2.5tAU$1.2tAU$104.4b18.7x24.4x2.2x
Sat, 20 Jan 2024AU$2.5tAU$1.2tAU$115.4b18.6x21.6x2.1x
Mon, 18 Dec 2023AU$2.5tAU$1.2tAU$115.3b18.4x21.6x2.1x
Wed, 15 Nov 2023AU$2.3tAU$1.2tAU$117.7b18x19.9x2x
Fri, 13 Oct 2023AU$2.4tAU$1.2tAU$119.5b17.7x20x2x
Sun, 10 Sep 2023AU$2.4tAU$1.2tAU$120.9b18x20x2x
Tue, 08 Aug 2023AU$2.5tAU$1.2tAU$146.1b16.8x16.8x2.1x
Thu, 06 Jul 2023AU$2.4tAU$1.2tAU$145.4b16.3x16.7x2.1x
Sat, 03 Jun 2023AU$2.4tAU$1.2tAU$145.9b16.1x16.4x2.1x
Mon, 01 May 2023AU$2.5tAU$1.2tAU$145.0b16.3x16.9x2.1x
Wed, 29 Mar 2023AU$2.4tAU$1.2tAU$144.7b15.8x16.3x2x
Fri, 24 Feb 2023AU$2.4tAU$1.1tAU$136.9b16.5x17.9x2.2x
Sun, 22 Jan 2023AU$2.5tAU$1.1tAU$146.7b16.1x17.1x2.3x
Price to Earnings Ratio

17.1x


Total Market Cap: AU$2.5tTotal Earnings: AU$146.7bTotal Revenue: AU$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 24.6x202420252026
Current Market PE
  • Investors are optimistic on the Australian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 27.4x which is higher than its 3-year average PE of 24.6x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 9.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.4% 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.

Sector Trends

Which sectors have driven the changes within the Australian Market?

AU Market1.58%
Energy4.28%
Consumer Discretionary3.51%
Materials2.26%
Consumer Staples2.01%
Tech1.42%
Telecom1.40%
Industrials1.39%
Healthcare1.12%
Financials0.78%
Real Estate0.60%
Utilities-1.93%
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 22.1%, which is higher than its past year's earnings growth of 15.6% per year.
  • The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 12.7x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 5.7% 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$49.374.3%
+AU$10.3b		23.5%PE18.6xMaterials
ANZ ANZ Group HoldingsAU$37.324.6%
+AU$4.9b		24.5%PB1.6xFinancials
NAB National Australia BankAU$42.363.1%
+AU$3.9b		10.2%PB2.1xFinancials
NST Northern Star ResourcesAU$27.1110.2%
+AU$3.6b		56.2%PE28.9xMaterials
JHX James Hardie IndustriesAU$34.9913.5%
+AU$2.4b		-35.9%PE70.8xMaterials
See more

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7D
4.7%
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