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Australian (ASX) Market Analysis & Valuation

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies1553
  • 7D-0.5%
  • 3M-2.6%
  • 1Y6.9%
  • YTD6.4%

The market has stayed flat over the 7 days. As for the longer term, the market has risen 6.9% in the past 12 months. 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
Thu, 01 Jan 2026AU$3.0tAU$1.2tAU$109.8b21.7x27x2.5x
Sat, 29 Nov 2025AU$2.9tAU$1.2tAU$110.4b22x26.5x2.4x
Mon, 27 Oct 2025AU$2.9tAU$1.2tAU$103.6b21.8x28.2x2.5x
Wed, 24 Sep 2025AU$3.0tAU$1.2tAU$110.8b20.5x27.1x2.5x
Fri, 22 Aug 2025AU$3.0tAU$1.2tAU$104.2b18.9x29.1x2.5x
Sun, 20 Jul 2025AU$2.9tAU$1.2tAU$102.6b18.4x28.7x2.4x
Tue, 17 Jun 2025AU$2.9tAU$1.2tAU$102.5b17.9x27.9x2.4x
Thu, 15 May 2025AU$2.8tAU$1.2tAU$103.1b18x26.8x2.3x
Sat, 12 Apr 2025AU$2.5tAU$1.2tAU$105.5b16.9x24.1x2.1x
Mon, 10 Mar 2025AU$2.7tAU$1.2tAU$104.7b17.9x25.3x2.2x
Wed, 05 Feb 2025AU$2.8tAU$1.2tAU$90.8b19.1x30.5x2.4x
Fri, 03 Jan 2025AU$2.7tAU$1.2tAU$90.1b20x30x2.3x
Sun, 01 Dec 2024AU$2.8tAU$1.2tAU$88.2b19.6x31.6x2.4x
Tue, 29 Oct 2024AU$2.7tAU$1.2tAU$88.3b19.8x30.7x2.3x
Thu, 26 Sep 2024AU$2.7tAU$1.2tAU$87.5b19.5x30.7x2.3x
Sat, 24 Aug 2024AU$2.6tAU$1.2tAU$88.1b19.4x30x2.3x
Mon, 22 Jul 2024AU$2.6tAU$1.2tAU$91.2b19.2x29x2.3x
Wed, 19 Jun 2024AU$2.6tAU$1.2tAU$92.3b18.6x28x2.2x
Fri, 17 May 2024AU$2.6tAU$1.2tAU$92.4b19.6x28.4x2.3x
Sun, 14 Apr 2024AU$2.6tAU$1.2tAU$95.3b20.3x27.2x2.2x
Tue, 12 Mar 2024AU$2.6tAU$1.2tAU$96.6b19.6x26.7x2.2x
Thu, 08 Feb 2024AU$2.5tAU$1.2tAU$118.1b19x21.5x2.2x
Sat, 06 Jan 2024AU$2.5tAU$1.2tAU$115.5b18.7x21.8x2.1x
Mon, 04 Dec 2023AU$2.4tAU$1.2tAU$115.5b18x20.5x2x
Wed, 01 Nov 2023AU$2.3tAU$1.2tAU$119.6b17.3x19.1x1.9x
Fri, 29 Sep 2023AU$2.4tAU$1.2tAU$119.6b17.8x19.8x2x
Sun, 27 Aug 2023AU$2.4tAU$1.2tAU$125.3b17.2x19.2x2x
Tue, 25 Jul 2023AU$2.5tAU$1.2tAU$144.7b16.6x17x2.1x
Thu, 22 Jun 2023AU$2.4tAU$1.2tAU$144.6b16.1x16.9x2.1x
Sat, 20 May 2023AU$2.4tAU$1.2tAU$145.5b16.2x16.7x2.1x
Mon, 17 Apr 2023AU$2.5tAU$1.2tAU$144.3b16.2x17.1x2.1x
Wed, 15 Mar 2023AU$2.4tAU$1.2tAU$144.2b15.8x16.3x2x
Fri, 10 Feb 2023AU$2.5tAU$1.1tAU$146.5b16.4x17.2x2.3x
Sun, 08 Jan 2023AU$2.4tAU$1.1tAU$147.6b15.3x16.2x2.2x
Price to Earnings Ratio

16.2x


Total Market Cap: AU$2.4tTotal Earnings: AU$147.6bTotal Revenue: AU$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 24.5x202420252026
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 27.0x which is higher than its 3-year average PE of 24.5x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 9.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.3% 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 Market-0.47%
Energy0.94%
Consumer Staples0.50%
Telecom0.0039%
Consumer Discretionary-0.22%
Industrials-0.41%
Utilities-0.41%
Financials-0.47%
Healthcare-0.50%
Tech-0.61%
Materials-0.65%
Real Estate-1.68%
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 22.4%, 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 5.5% 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
WDS Woodside Energy GroupAU$23.591.9%
+AU$817.5m		-4.1%PE10.2xEnergy
CSL CSLAU$172.650.7%
+AU$564.4m		-38.7%PE18.5xHealthcare
ALL Aristocrat LeisureAU$58.181.1%
+AU$387.3m		-14.9%PE30.2xConsumer Discretionary
CBO Cobram Estate OlivesAU$4.0423.9%
+AU$372.4m		87.9%PE38.9xConsumer Staples
SGR Star Entertainment GroupAU$0.1838.5%
+AU$331.8m		-5.3%PS0.9xConsumer Discretionary
See more

Market Insights

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Latest News

ALL
AU$58.18
Aristocrat Leisure
7D
1.1%
1Y
-14.9%

Earnings Tell The Story For Aristocrat Leisure Limited (ASX:ALL)

Jan 01
Earnings Tell The Story For Aristocrat Leisure Limited (ASX:ALL)
SGR
AU$0.18
Star Entertainment Group
7D
38.5%
1Y
-5.3%
CBO
AU$4.04
Cobram Estate Olives
7D
23.9%
1Y
87.9%

Cobram Estate Olives Limited (ASX:CBO) Stock Rockets 27% As Investors Are Less Pessimistic Than Expected

Dec 29
Cobram Estate Olives Limited (ASX:CBO) Stock Rockets 27% As Investors Are Less Pessimistic Than Expected
FMG
AU$22.01
Fortescue
7D
-1.3%
1Y
20.6%

There's No Escaping Fortescue Ltd's (ASX:FMG) Muted Earnings

Dec 27
There's No Escaping Fortescue Ltd's (ASX:FMG) Muted Earnings
WES
AU$81.09
Wesfarmers
7D
-0.6%
1Y
13.4%

WES: Special Dividend And Earnings Resilience Will Guide Returns Ahead

Analysts have modestly lifted their price target on Wesfarmers, citing slightly lower discount rate assumptions and stable long term growth and profitability forecasts that support a fair value estimate of about $80.82 per share. Analyst Commentary Bullish analysts view the uplift in Wesfarmers' valuation as supported by a more constructive risk backdrop, with a slightly lower discount rate reflecting reduced perceived macro and company specific risk.
CBA
AU$160.57
Commonwealth Bank of Australia
7D
-0.5%
1Y
4.8%

CBA: Elevated Margin Pressures Will Likely Cap Future Share Price Upside

Analysts have nudged their fair value estimate for Commonwealth Bank of Australia fractionally lower, trimming the price target by about A$0.19 to roughly A$99.81, as slightly softer long term margins and a marginally lower discount rate offset improved top line growth expectations. Analyst Commentary Bearish analysts acknowledge that Commonwealth Bank of Australia continues to execute solidly on revenue growth, but argue that the recent fair value trim underscores mounting risks to the medium term outlook.
TCL
AU$14.21
Transurban Group
7D
-1.7%
1Y
6.1%

Is Transurban Group (ASX:TCL) A Risky Investment?

Dec 25
Is Transurban Group (ASX:TCL) A Risky Investment?
MQG
AU$203.20
Macquarie Group
7D
-0.9%
1Y
-8.3%

MQG: Earnings Recovery Will Gradually Emerge As Extended Trough Persists

Analysts have slightly reduced their price target for Macquarie Group to A$207.58, reflecting expectations for a broader and more prolonged earnings trough than a typical cycle, and a slower profit recovery despite only marginal shifts in underlying growth and margin assumptions. Analyst Commentary Analyst views on Macquarie Group remain divided, with valuation framed around the depth and duration of the current earnings trough and the pace of any subsequent recovery.
ORG
AU$11.49
Origin Energy
7D
1.4%
1Y
5.4%

Origin Energy Limited's (ASX:ORG) Business And Shares Still Trailing The Market

Dec 23
Origin Energy Limited's (ASX:ORG) Business And Shares Still Trailing The Market
WBC
AU$38.60
Westpac Banking
7D
-1.4%
1Y
19.4%
GMG
AU$30.98
Goodman Group
7D
-2.1%
1Y
-13.1%

GMG: Lower Risk Profile Will Support Stronger Future Operating Performance

Analysts have nudged their price target on Goodman Group slightly higher to reflect incremental improvements in long term discount rate and profitability assumptions, now valuing the stock at about $37.26 per share. Valuation Changes Fair Value Estimate remains unchanged at approximately A$37.26 per share, indicating no material shift in intrinsic valuation.
BHP
AU$45.49
BHP Group
7D
-0.3%
1Y
15.0%
SOL
AU$37.14
WHSP Holdings
7D
2.2%
1Y
8.5%

WHSP Holdings Limited's (ASX:SOL) Business Is Trailing The Market But Its Shares Aren't

Dec 18
WHSP Holdings Limited's (ASX:SOL) Business Is Trailing The Market But Its Shares Aren't
WDS
AU$23.59
Woodside Energy Group
7D
1.9%
1Y
-4.1%
CSL
AU$172.65
CSL
7D
0.7%
1Y
-38.7%

CSL: Shares Will Recover As Seqirus Drag Fades After AGM Downgrade

Analysts have nudged down their price target on CSL by A$5 to reflect slightly softer long term revenue growth assumptions and a modestly higher discount rate, even as they highlight resilient margins and view the recent selloff as an opportunity to re engage with the shares. Analyst Commentary Recent commentary around CSL reflects a more constructive stance on the stock despite near term earnings noise, with valuation support emerging after the sharp pullback.
QBE
AU$19.89
QBE Insurance Group
7D
0.9%
1Y
3.6%

QBE: New Finance Leadership Will Support Stronger Margins And Future Returns

Analysts have nudged their price target for QBE Insurance Group slightly lower to about $22.27 per share from roughly $22.33, reflecting modestly softer fair value assumptions even as they acknowledge incremental improvements in revenue trajectory and profit margins. What's in the News QBE Insurance Group appointed long serving executive Chris Killourhy as Group Chief Financial Officer, effective January 1, 2026, subject to regulatory approvals (company announcement) Killourhy brings almost 25 years of insurance and finance industry experience, including senior roles across QBE's global operations such as Chief Actuary and CFO for multiple divisions (company announcement) The incoming CFO will be based in Sydney, report directly to Group CEO Andrew Horton, and join the Group Executive Committee, reinforcing leadership depth in QBE's global finance function (company announcement) Valuation Changes Fair Value: Reduced slightly to about A$22.27 per share from roughly A$22.33, indicating a modest downgrade in intrinsic valuation.