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Australian (ASX) Market Analysis & Valuation

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies1553
  • 7D0.4%
  • 3M-1.4%
  • 1Y6.0%
  • YTD6.5%

In the last week, the market has been flat. As for the longer term, the market has risen 6.0% in the past 12 months. 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
Wed, 31 Dec 2025AU$3.0tAU$1.2tAU$109.8b21.7x27x2.5x
Fri, 28 Nov 2025AU$2.9tAU$1.2tAU$110.4b21.4x26.5x2.4x
Sun, 26 Oct 2025AU$2.9tAU$1.2tAU$103.6b21.8x28.2x2.5x
Tue, 23 Sep 2025AU$3.0tAU$1.2tAU$110.9b20.5x26.9x2.5x
Thu, 21 Aug 2025AU$3.0tAU$1.2tAU$104.8b18.8x28.7x2.5x
Sat, 19 Jul 2025AU$2.9tAU$1.2tAU$102.5b18.4x28.7x2.4x
Mon, 16 Jun 2025AU$2.9tAU$1.2tAU$102.7b18.1x27.8x2.4x
Wed, 14 May 2025AU$2.8tAU$1.2tAU$103.7b18x26.7x2.3x
Fri, 11 Apr 2025AU$2.6tAU$1.2tAU$105.9b16.9x24.2x2.1x
Sun, 09 Mar 2025AU$2.7tAU$1.2tAU$104.7b17.9x25.3x2.2x
Tue, 04 Feb 2025AU$2.8tAU$1.2tAU$90.9b19.3x30.6x2.4x
Thu, 02 Jan 2025AU$2.7tAU$1.2tAU$90.3b19.9x29.9x2.3x
Sat, 30 Nov 2024AU$2.8tAU$1.2tAU$88.3b19.6x31.5x2.4x
Mon, 28 Oct 2024AU$2.7tAU$1.2tAU$88.3b19.9x30.7x2.3x
Wed, 25 Sep 2024AU$2.7tAU$1.2tAU$87.6b19.5x30.7x2.3x
Fri, 23 Aug 2024AU$2.6tAU$1.1tAU$87.8b19.7x30.2x2.3x
Sun, 21 Jul 2024AU$2.6tAU$1.2tAU$91.2b19.2x29x2.3x
Tue, 18 Jun 2024AU$2.6tAU$1.2tAU$92.4b18.8x27.8x2.2x
Thu, 16 May 2024AU$2.6tAU$1.2tAU$93.0b19.7x27.8x2.2x
Sat, 13 Apr 2024AU$2.6tAU$1.2tAU$95.3b20.3x27.2x2.2x
Mon, 11 Mar 2024AU$2.6tAU$1.2tAU$96.5b19.6x27.2x2.2x
Wed, 07 Feb 2024AU$2.5tAU$1.2tAU$118.2b19x21.3x2.2x
Fri, 05 Jan 2024AU$2.5tAU$1.2tAU$115.1b18.5x21.9x2.2x
Sun, 03 Dec 2023AU$2.4tAU$1.2tAU$115.5b18x20.5x2x
Tue, 31 Oct 2023AU$2.3tAU$1.2tAU$119.5b17.3x19.1x1.9x
Thu, 28 Sep 2023AU$2.4tAU$1.2tAU$120.5b17.9x19.7x2x
Sat, 26 Aug 2023AU$2.4tAU$1.2tAU$125.3b17.1x19.2x2x
Mon, 24 Jul 2023AU$2.5tAU$1.2tAU$144.9b16.6x17x2.1x
Wed, 21 Jun 2023AU$2.5tAU$1.2tAU$144.3b16.2x17x2.1x
Fri, 19 May 2023AU$2.4tAU$1.2tAU$145.6b16.3x16.6x2.1x
Sun, 16 Apr 2023AU$2.5tAU$1.2tAU$144.3b16.2x17.1x2.1x
Tue, 14 Mar 2023AU$2.4tAU$1.2tAU$144.5b15.9x16.5x2.1x
Thu, 09 Feb 2023AU$2.5tAU$1.1tAU$146.8b16.2x17.2x2.3x
Sat, 07 Jan 2023AU$2.4tAU$1.1tAU$147.8b15.3x16.2x2.2x
Price to Earnings Ratio

16.2x


Total Market Cap: AU$2.4tTotal Earnings: AU$147.8bTotal Revenue: AU$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 24.5x20242025
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 Market0.41%
Real Estate1.70%
Materials0.85%
Financials0.57%
Utilities0.42%
Consumer Staples0.21%
Energy0.069%
Telecom-0.17%
Consumer Discretionary-0.18%
Industrials-0.30%
Healthcare-0.37%
Tech-0.45%
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 22.9%, 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 23% 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
CBO Cobram Estate OlivesAU$4.0238.6%
+AU$534.7m		87.0%PE38.7xConsumer Staples
SOL WHSP HoldingsAU$37.001.6%
+AU$227.8m		8.1%PE38.6xFinancials
4DX 4DMedicalAU$4.0511.0%
+AU$206.4m		743.8%PS357.1xHealthcare
SGR Star Entertainment GroupAU$0.1623.1%
+AU$199.1m		-15.8%PS0.8xConsumer Discretionary
PLS PLS GroupAU$4.181.5%
+AU$193.2m		90.9%PS17.5xMaterials
See more

Market Insights

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Latest News

SGR
AU$0.16
Star Entertainment Group
7D
23.1%
1Y
-15.8%

Improved Revenues Required Before The Star Entertainment Group Limited (ASX:SGR) Stock's 52% Jump Looks Justified

Dec 30
Improved Revenues Required Before The Star Entertainment Group Limited (ASX:SGR) Stock's 52% Jump Looks Justified
CBO
AU$4.02
Cobram Estate Olives
7D
38.6%
1Y
87.0%

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
CBA
AU$161.29
Commonwealth Bank of Australia
7D
-0.3%
1Y
5.2%

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$14.16
Transurban Group
7D
-2.7%
1Y
5.8%

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

Dec 25
Is Transurban Group (ASX:TCL) A Risky Investment?
EVN
AU$12.56
Evolution Mining
7D
-3.7%
1Y
161.1%

EVN: Premium Gold Price Assumptions Will Likely Expose Downside Risk

Analysts have raised their price target on Evolution Mining by A$2.00 to A$10.50, reflecting upgraded fair value assumptions driven by higher gold price expectations and improved forecasts for revenue growth and profit margins. Analyst Commentary The latest price target revision to A$10.50 from A$8.50 by JPMorgan underscores a constructive view on Evolution Mining, supported by a stronger gold price outlook and expectations for margin expansion.
TWE
AU$5.21
Treasury Wine Estates
7D
4.0%
1Y
-54.0%

TWE: Future Earnings Will Reflect Weaker Revenue And Narrower Margins

Analysts have reduced their price target for Treasury Wine Estates by approximately 23 percent, citing a sharper than previously expected revenue decline and some compression in projected profit margins, which is partly offset by a modestly higher forecast future P/E multiple. Valuation Changes The Fair Value Estimate has fallen significantly from A$7.48 to A$5.73, reflecting a lower intrinsic valuation for Treasury Wine Estates.
WBC
AU$39.03
Westpac Banking
7D
-0.6%
1Y
20.8%
PLS
AU$4.18
PLS Group
7D
1.5%
1Y
90.9%
GMG
AU$30.95
Goodman Group
7D
-2.1%
1Y
-13.2%

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$45.10
BHP Group
7D
-1.1%
1Y
14.0%
4DX
AU$4.05
4DMedical
7D
11.0%
1Y
743.8%

4DX: Elevated Future Multiple Will Likely Constrain Long Term Share Returns

Analysts have modestly lifted their price target for 4DMedical to 2.30 dollars from 2.30 dollars. This reflects slightly improved profit margin expectations and a marginally lower perceived risk profile that together support a richer, though still elevated, future earnings multiple.
SOL
AU$37.00
WHSP Holdings
7D
1.6%
1Y
8.1%

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

Dec 18
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WDS
AU$23.37
Woodside Energy Group
7D
0.4%
1Y
-5.0%
CSL
AU$172.42
CSL
7D
-1.8%
1Y
-38.8%

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.
S32
AU$3.52
South32
7D
0.9%
1Y
3.5%

S32: Cannington Sale Prospects Will Shape Outlook Amid Steady Earnings Expectations

Narrative Update on South32 The analyst price target for South32 has been raised from $3.38 to $3.48 as analysts factor in slightly stronger long term revenue growth and higher future valuation multiples. This is partially offset by modestly lower profit margin expectations and a marginally higher discount rate.
PME
AU$222.90
Pro Medicus
7D
-4.0%
1Y
-10.9%

Does Pro Medicus (ASX:PME) Deserve A Spot On Your Watchlist?

Oct 08
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