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Australian (ASX) Market Analysis & Valuation

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies1551
  • 7D1.4%
  • 3M5.1%
  • 1Y10.2%
  • YTD3.5%

The market is up 1.4% over the last week, with the Materials sector leading the way, up 6.5%. Meanwhile, the Consumer Discretionary sector has underperformed, shrinking 7.6% in that time. In the last year, the market has climbed 10%. 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, 26 Feb 2026AU$3.1tAU$1.2tAU$111.1b20.3x27.6x2.6x
Sat, 24 Jan 2026AU$3.0tAU$1.2tAU$108.8b21.7x27.8x2.5x
Mon, 22 Dec 2025AU$2.9tAU$1.2tAU$109.9b21.5x26.6x2.4x
Wed, 19 Nov 2025AU$2.9tAU$1.2tAU$110.1b20.6x26x2.4x
Fri, 17 Oct 2025AU$3.1tAU$1.2tAU$110.7b21.7x27.8x2.6x
Sun, 14 Sep 2025AU$3.0tAU$1.2tAU$110.8b20.4x27x2.5x
Tue, 12 Aug 2025AU$3.0tAU$1.2tAU$104.0b19x28.7x2.5x
Thu, 10 Jul 2025AU$2.9tAU$1.2tAU$102.5b18.4x28x2.4x
Sat, 07 Jun 2025AU$2.8tAU$1.2tAU$102.6b17.9x27.7x2.3x
Mon, 05 May 2025AU$2.7tAU$1.2tAU$100.2b17.6x27.4x2.3x
Wed, 02 Apr 2025AU$2.6tAU$1.2tAU$105.3b17.7x25x2.2x
Fri, 28 Feb 2025AU$2.8tAU$1.2tAU$104.5b18.5x26.5x2.3x
Sun, 26 Jan 2025AU$2.8tAU$1.2tAU$89.5b19.3x31x2.4x
Tue, 24 Dec 2024AU$2.7tAU$1.2tAU$89.9b20.2x30.2x2.3x
Thu, 21 Nov 2024AU$2.7tAU$1.2tAU$88.3b19.7x31.1x2.4x
Sat, 19 Oct 2024AU$2.7tAU$1.2tAU$87.8b19.7x31.2x2.4x
Mon, 16 Sep 2024AU$2.7tAU$1.2tAU$88.1b19.7x30.3x2.3x
Wed, 14 Aug 2024AU$2.6tAU$1.2tAU$92.4b19.1x27.9x2.2x
Fri, 12 Jul 2024AU$2.6tAU$1.1tAU$90.9b19.2x28.8x2.3x
Sun, 09 Jun 2024AU$2.6tAU$1.2tAU$92.5b19.2x28.3x2.3x
Tue, 07 May 2024AU$2.6tAU$1.2tAU$93.7b19.5x27.4x2.2x
Thu, 04 Apr 2024AU$2.6tAU$1.2tAU$95.3b20.1x27.3x2.2x
Sat, 02 Mar 2024AU$2.6tAU$1.2tAU$96.8b19.8x26.8x2.2x
Mon, 29 Jan 2024AU$2.5tAU$1.2tAU$115.7b18.9x21.8x2.2x
Wed, 27 Dec 2023AU$2.5tAU$1.2tAU$114.7b18.7x22x2.2x
Fri, 24 Nov 2023AU$2.4tAU$1.2tAU$116.4b17.7x20.2x2x
Sun, 22 Oct 2023AU$2.3tAU$1.2tAU$120.0b17.6x19.4x2x
Tue, 19 Sep 2023AU$2.4tAU$1.2tAU$120.2b18.1x20.3x2.1x
Thu, 17 Aug 2023AU$2.4tAU$1.2tAU$141.5b16.7x17.1x2.1x
Sat, 15 Jul 2023AU$2.5tAU$1.2tAU$143.5b16.5x17.1x2.1x
Mon, 12 Jun 2023AU$2.4tAU$1.2tAU$144.8b16x16.5x2.1x
Wed, 10 May 2023AU$2.4tAU$1.2tAU$144.8b16.2x16.8x2.1x
Fri, 07 Apr 2023AU$2.4tAU$1.2tAU$144.5b15.9x16.7x2.1x
Sun, 05 Mar 2023AU$2.4tAU$1.2tAU$143.7b16.4x17x2.1x
Price to Earnings Ratio

17x


Total Market Cap: AU$2.4tTotal Earnings: AU$143.7bTotal Revenue: AU$1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 25x202420252026
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 27.6x which is higher than its 3-year average PE of 25.0x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 8.2% 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 Market1.42%
Materials6.53%
Energy5.40%
Consumer Staples4.12%
Industrials2.31%
Financials1.10%
Telecom-0.49%
Utilities-0.75%
Healthcare-1.92%
Tech-2.59%
Real Estate-4.41%
Consumer Discretionary-7.57%
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 21.9%, which is higher than its past year's earnings growth of 14.5% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 169x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 17% 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
BHP BHP GroupAU$57.758.5%
+AU$23.0b		44.3%PE20.4xMaterials
WOW Woolworths GroupAU$36.3513.7%
+AU$5.4b		18.4%PE27.3xConsumer Staples
EVN Evolution MiningAU$16.409.8%
+AU$3.0b		160.3%PE25.1xMaterials
WBC Westpac BankingAU$42.722.0%
+AU$2.8b		35.1%PB2xFinancials
PLS PLS GroupAU$5.2519.9%
+AU$2.8b		159.9%PS17.5xMaterials
See more

Market Insights

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