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Australian (ASX) Market Analysis & Valuation

UpdatedSep 03, 2025
DataAggregated Company Financials
Companies1570
  • 7D-0.3%
  • 3M4.6%
  • 1Y9.7%
  • YTD8.2%

Over the last 7 days, the market has remained flat, although notably the Consumer Staples sector declined by 5.1%. As for the longer term, the market has risen 9.7% in the past 12 months. Earnings are forecast to grow by 11% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Sep 2025AU$3.0tAU$1.2tAU$111.6b20.6x26.9x2.5x
Fri, 01 Aug 2025AU$2.9tAU$1.2tAU$103.8b18.9x28.4x2.4x
Sun, 29 Jun 2025AU$2.9tAU$1.2tAU$102.5b18.3x27.8x2.4x
Tue, 27 May 2025AU$2.8tAU$1.2tAU$102.3b17.8x27.3x2.3x
Thu, 24 Apr 2025AU$2.6tAU$1.2tAU$104.1b17.3x25.3x2.2x
Sat, 22 Mar 2025AU$2.6tAU$1.2tAU$104.9b17.8x25.2x2.2x
Mon, 17 Feb 2025AU$2.8tAU$1.2tAU$94.7b19.7x29.9x2.4x
Wed, 15 Jan 2025AU$2.7tAU$1.2tAU$90.2b19x30.2x2.3x
Fri, 13 Dec 2024AU$2.8tAU$1.2tAU$88.9b20x30.9x2.3x
Sun, 10 Nov 2024AU$2.7tAU$1.2tAU$88.4b19.6x31x2.4x
Tue, 08 Oct 2024AU$2.7tAU$1.2tAU$87.4b19.6x31.1x2.4x
Thu, 05 Sep 2024AU$2.6tAU$1.2tAU$87.9b19.2x29.8x2.3x
Sat, 03 Aug 2024AU$2.6tAU$1.2tAU$92.4b19.3x28.3x2.3x
Mon, 01 Jul 2024AU$2.6tAU$1.2tAU$91.8b19.1x28.2x2.2x
Wed, 29 May 2024AU$2.6tAU$1.2tAU$92.1b19.6x28.2x2.2x
Fri, 26 Apr 2024AU$2.6tAU$1.2tAU$91.3b19.9x28.1x2.2x
Sun, 24 Mar 2024AU$2.6tAU$1.2tAU$96.0b19.5x27x2.2x
Tue, 20 Feb 2024AU$2.6tAU$1.2tAU$114.9b19x22.3x2.2x
Thu, 18 Jan 2024AU$2.5tAU$1.2tAU$115.7b18.5x21.4x2.1x
Sat, 16 Dec 2023AU$2.5tAU$1.2tAU$115.2b18.4x21.6x2.1x
Mon, 13 Nov 2023AU$2.3tAU$1.2tAU$118.4b17.6x19.7x2x
Wed, 11 Oct 2023AU$2.4tAU$1.2tAU$119.2b17.7x19.9x2x
Fri, 08 Sep 2023AU$2.4tAU$1.2tAU$120.8b18.2x20x2x
Sun, 06 Aug 2023AU$2.5tAU$1.2tAU$146.1b16.8x16.9x2.1x
Tue, 04 Jul 2023AU$2.4tAU$1.2tAU$145.5b16.3x16.7x2.1x
Thu, 01 Jun 2023AU$2.4tAU$1.2tAU$147.4b16x16.1x2x
Sat, 29 Apr 2023AU$2.5tAU$1.2tAU$145.3b16.3x16.9x2.1x
Mon, 27 Mar 2023AU$2.2tAU$1.1tAU$138.3b16x16.2x2x
Wed, 22 Feb 2023AU$2.5tAU$1.3tAU$142.3b16.5x17.4x1.8x
Fri, 20 Jan 2023AU$2.5tAU$1.1tAU$147.4b16x16.9x2.3x
Sun, 18 Dec 2022AU$2.4tAU$1.1tAU$149.7b14.5x16x2.2x
Tue, 15 Nov 2022AU$2.4tAU$1.1tAU$149.2b14.9x16.2x2.2x
Thu, 13 Oct 2022AU$2.2tAU$1.1tAU$151.5b14.5x14.9x2x
Sat, 10 Sep 2022AU$2.3tAU$1.1tAU$147.1b14.8x15.9x2.2x
Price to Earnings Ratio

15.9x


Total Market Cap: AU$2.3tTotal Earnings: AU$147.1bTotal Revenue: AU$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 23.2x202320242025
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 26.9x which is higher than its 3-year average PE of 23.2x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 8.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.8% 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-0.34%
Materials1.48%
Financials0.61%
Industrials0.16%
Utilities0.082%
Consumer Discretionary-0.68%
Energy-1.06%
Real Estate-1.40%
Healthcare-1.98%
Telecom-2.69%
Tech-3.83%
Consumer Staples-5.10%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • Analysts expect its future annual earnings growth (22.7%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
  • 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 12.1x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 23% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Financials sector is expected to see its earnings grow by 4.2% 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
NXT NEXTDCAU$16.4817.4%
+AU$1.6b		2.6%PS24.7xTech
NST Northern Star ResourcesAU$19.965.4%
+AU$1.5b		37.3%PE21.3xMaterials
HVN Harvey Norman HoldingsAU$7.3317.7%
+AU$1.4b		61.5%PE17.6xConsumer Discretionary
APE Eagers AutomotiveAU$26.8018.8%
+AU$1.1b		153.3%PE33.3xConsumer Discretionary
EVN Evolution MiningAU$9.015.9%
+AU$1.0b		129.3%PE19.6xMaterials
See more

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APE
AU$26.80
Eagers Automotive
7D
18.8%
1Y
153.3%
WBC
AU$37.16
Westpac Banking
7D
-3.5%
1Y
19.4%
HVN
AU$7.33
Harvey Norman Holdings
7D
17.7%
1Y
61.5%

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QAN
AU$11.61
Qantas Airways
7D
4.5%
1Y
71.2%
COL
AU$23.91
Coles Group
7D
2.3%
1Y
31.0%
NXT
AU$16.48
NEXTDC
7D
17.4%
1Y
2.6%
RMS
AU$3.41
Ramelius Resources
7D
11.1%
1Y
65.5%
WES
AU$88.67
Wesfarmers
7D
-3.3%
1Y
26.4%

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EVN
AU$9.01
Evolution Mining
7D
5.9%
1Y
129.3%
WTC
AU$94.80
WiseTech Global
7D
-7.1%
1Y
-22.2%
BHP
AU$42.29
BHP Group
7D
-2.2%
1Y
9.4%
NST
AU$19.96
Northern Star Resources
7D
5.4%
1Y
37.3%
GMG
AU$32.26
Goodman Group
7D
-5.2%
1Y
-1.3%
MQG
AU$216.82
Macquarie Group
7D
-3.8%
1Y
-0.1%

Asset Management And Digitization Investments Will Improve Future Efficiency

With both the Future P/E and Net Profit Margin for Macquarie Group largely unchanged, the consensus analyst price target has seen only a marginal increase to A$221.24. What's in the News Macquarie Group is set to acquire a 40% minority stake in Portuguese hospital operator Luz Saúde, outbidding CVC Capital Partners and KKR, with the deal valuing Luz Saúde at over €1 billion.
CSL
AU$206.62
CSL
7D
-4.2%
1Y
-32.0%
CBA
AU$164.55
Commonwealth Bank of Australia
7D
-3.1%
1Y
17.6%