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Australian (ASX) Market Analysis & Valuation

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies1883
  • 7D1.2%
  • 3M3.0%
  • 1Y-2.9%
  • YTD-7.5%

Over the last 7 days, the market has risen 1.2%, driven by gains of 1.7% in the Financials sector. As for last year, the market performance has been flat. Earnings are forecast to grow by 6.1% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022AU$2.4tAU$1.1tAU$148.9b14.8x16.4x2.2x
Thu, 27 Oct 2022AU$2.3tAU$1.1tAU$150.0b14.6x15.4x2.1x
Sat, 24 Sep 2022AU$2.2tAU$1.1tAU$148.5b14.1x15.1x2.1x
Mon, 22 Aug 2022AU$2.4tAU$1.0tAU$143.6b15.4x16.8x2.3x
Wed, 20 Jul 2022AU$2.3tAU$1.0tAU$133.5b14.7x16.9x2.2x
Fri, 17 Jun 2022AU$2.2tAU$1.0tAU$133.7b14.9x16.4x2.1x
Sun, 15 May 2022AU$2.4tAU$1.1tAU$134.0b16.2x18.2x2.3x
Tue, 12 Apr 2022AU$2.6tAU$1.0tAU$128.9b17.3x20.1x2.5x
Thu, 10 Mar 2022AU$2.5tAU$1.0tAU$130.6b17.8x19.3x2.4x
Sat, 05 Feb 2022AU$2.5tAU$978.9bAU$104.9b18.3x24.2x2.6x
Mon, 03 Jan 2022AU$2.6tAU$973.8bAU$103.7b19.4x25.5x2.7x
Wed, 01 Dec 2021AU$2.5tAU$979.0bAU$102.4b12.6x24.9x2.6x
Fri, 29 Oct 2021AU$2.6tAU$954.6bAU$95.3b19.8x27.3x2.7x
Sun, 26 Sep 2021AU$2.6tAU$961.2bAU$95.7b19.1x26.7x2.7x
Tue, 24 Aug 2021AU$2.6tAU$949.7bAU$96.9b18.3x26.6x2.7x
Wed, 30 Jun 2021AU$2.5tAU$945.8bAU$96.5b17.7x25.9x2.6x
Sat, 03 Apr 2021AU$2.3tAU$897.3bAU$70.2b17.1x32.7x2.6x
Tue, 05 Jan 2021AU$2.2tAU$874.5bAU$41.6b19.4x53.2x2.5x
Fri, 09 Oct 2020AU$1.9tAU$870.7bAU$44.4b19.7x43.4x2.2x
Thu, 02 Jul 2020AU$1.9tAU$884.9bAU$47.9b19.8x39.2x2.1x
Sun, 05 Apr 2020AU$1.6tAU$930.2bAU$75.2b15.7x20.6x1.7x
Wed, 08 Jan 2020AU$2.1tAU$923.1bAU$92.4b19.4x22.4x2.2x
Price to Earnings Ratio

21.2x


Total Market Cap: AU$2.1tTotal Earnings: AU$99.0bTotal Revenue: AU$922.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 28.7x202020212022
Current Market PE
  • Investors are pessimistic on the Australian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 16.5x which is lower than its 3-year average PE of 28.7x.
Past Earnings Growth
  • The earnings for Australian listed companies have grown 15% per year over the last three years.
  • Revenues for these companies have grown 5.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Australian Market?

AU Market1.17%
Utilities4.16%
Industrials2.25%
Real Estate2.19%
Financials1.75%
Healthcare1.53%
Consumer Discretionary1.28%
Energy0.90%
Telecom0.80%
Consumer Staples0.77%
Materials0.12%
Tech-0.73%
Sector PE
  • Investors are most optimistic about the Healthcare sector, which is trading close to its 3-year average PE ratio of 57.4x.
    • This optimism is likely because analysts are expecting annual earnings growth of 15.5% which is higher than its past year's earnings decline of 6.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 43% over the next 5 years.
  • However this is lower than its past earnings growth rate of 289% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 7.7% 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$43.890.9%
+AU$2.1b
11.5%PE7.4xMaterials
NAB National Australia BankAU$31.592.0%
+AU$2.0b
15.7%PB1.7xFinancials
CBA Commonwealth Bank of AustraliaAU$108.480.9%
+AU$1.5b
16.4%PB2.5xFinancials
CSL CSLAU$300.341.0%
+AU$1.5b
-2.1%PE43.3xHealthcare
GMG Goodman GroupAU$18.914.2%
+AU$1.4b
-23.4%PB2.2xReal Estate
See more
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BHP

AU$43.89

BHP Group

7D

0.9%

1Y

11.5%

WBC

AU$23.76

Westpac Banking

7D

-0.8%

1Y

15.8%

NAB

AU$31.59

National Australia Bank

7D

2.0%

1Y

15.7%

CSL

AU$300.34

CSL

7D

1.0%

1Y

-2.1%

GMG

AU$18.91

Goodman Group

7D

4.2%

1Y

-23.4%

PLS

AU$4.42

Pilbara Minerals

7D

-10.3%

1Y

70.0%

NCM

AU$19.65

Newcrest Mining

7D

4.1%

1Y

-16.8%

IGO

AU$14.49

IGO

7D

-9.8%

1Y

37.5%

MQG

AU$178.45

Macquarie Group

7D

1.4%

1Y

-9.3%

CBA

AU$108.48

Commonwealth Bank of Australia

7D

0.9%

1Y

16.4%

STO

AU$7.25

Santos

7D

-2.9%

1Y

13.6%