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Australian (ASX) Market Analysis & Valuation

UpdatedAug 16, 2026
DataAggregated Company Financials
Companies1566
  • 7D-1.4%
  • 3M5.1%
  • 1Y1.0%
  • YTD2.8%

Over the last 7 days, the market has dropped 1.4%, driven by a decline of 3.1% in the Financials sector. Although the market performance has been flat over the past year. 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
Sun, 16 Aug 2026AU$3.1tAU$1.2tAU$115.2b17.2x26.5x2.5x
Tue, 14 Jul 2026AU$3.0tAU$1.2tAU$114.5b17.2x25.8x2.4x
Thu, 11 Jun 2026AU$2.9tAU$1.2tAU$114.2b17x25.3x2.4x
Sat, 09 May 2026AU$2.9tAU$1.2tAU$111.9b17.4x26.2x2.5x
Mon, 06 Apr 2026AU$2.9tAU$1.2tAU$114.6b17.2x25x2.4x
Wed, 04 Mar 2026AU$3.0tAU$1.2tAU$111.3b19.9x27.3x2.5x
Fri, 30 Jan 2026AU$3.0tAU$1.2tAU$107.9b21.5x28.2x2.6x
Sun, 28 Dec 2025AU$3.0tAU$1.2tAU$109.6b21.7x27.2x2.5x
Tue, 25 Nov 2025AU$2.9tAU$1.2tAU$109.9b21x26.1x2.4x
Thu, 23 Oct 2025AU$2.9tAU$1.2tAU$103.8b21.7x28.2x2.5x
Sat, 20 Sep 2025AU$3.0tAU$1.2tAU$110.8b20.7x26.8x2.5x
Mon, 18 Aug 2025AU$3.0tAU$1.2tAU$105.6b19x28.5x2.5x
Wed, 16 Jul 2025AU$2.9tAU$1.2tAU$102.2b18.8x28.4x2.4x
Fri, 13 Jun 2025AU$2.9tAU$1.2tAU$102.5b18.2x27.9x2.4x
Sun, 11 May 2025AU$2.8tAU$1.2tAU$103.6b17.8x26.5x2.3x
Tue, 08 Apr 2025AU$2.4tAU$1.2tAU$106.9b16.7x22.8x2x
Thu, 06 Mar 2025AU$2.7tAU$1.2tAU$104.9b17.6x25.9x2.2x
Sat, 01 Feb 2025AU$2.8tAU$1.2tAU$90.2b19.8x31.3x2.4x
Mon, 30 Dec 2024AU$2.7tAU$1.2tAU$90.1b19.9x30.3x2.3x
Wed, 27 Nov 2024AU$2.8tAU$1.2tAU$88.4b19.4x31.2x2.4x
Fri, 25 Oct 2024AU$2.7tAU$1.2tAU$88.0b19.8x30.8x2.3x
Sun, 22 Sep 2024AU$2.7tAU$1.2tAU$87.8b19.4x30.9x2.3x
Tue, 20 Aug 2024AU$2.6tAU$1.1tAU$91.0b19.7x28.9x2.3x
Thu, 18 Jul 2024AU$2.7tAU$1.1tAU$90.9b19.5x29.5x2.3x
Sat, 15 Jun 2024AU$2.6tAU$1.2tAU$92.3b18.9x27.9x2.2x
Mon, 13 May 2024AU$2.6tAU$1.2tAU$93.1b19.8x27.7x2.2x
Wed, 10 Apr 2024AU$2.6tAU$1.2tAU$94.7b20.4x27.6x2.2x
Fri, 08 Mar 2024AU$2.6tAU$1.2tAU$96.4b19.8x26.9x2.2x
Sun, 04 Feb 2024AU$2.6tAU$1.2tAU$116.2b19x22.1x2.2x
Tue, 02 Jan 2024AU$2.6tAU$1.2tAU$114.5b18.8x22.3x2.2x
Thu, 30 Nov 2023AU$2.4tAU$1.2tAU$115.9b17.9x20.3x2x
Sat, 28 Oct 2023AU$2.3tAU$1.2tAU$118.4b17.4x19.7x1.9x
Mon, 25 Sep 2023AU$2.4tAU$1.2tAU$119.9b17.7x19.9x2x
Wed, 23 Aug 2023AU$2.4tAU$1.2tAU$130.3b16.8x18.4x2x
Price to Earnings Ratio

18.4x


Total Market Cap: AU$2.4tTotal Earnings: AU$130.3bTotal Revenue: AU$1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 26.5x202420252026
Current Market PE
  • Investors are relatively neutral on the Australian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 26.5x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 4.0% 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 Market-1.38%
Utilities7.20%
Tech3.12%
Energy2.95%
Healthcare1.98%
Telecom-0.72%
Consumer Staples-0.94%
Materials-1.08%
Consumer Discretionary-2.00%
Real Estate-2.29%
Industrials-2.42%
Financials-3.06%
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 13.5% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 170x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 19% per year.
  • In contrast, the Utilities industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
ANZ ANZ Group HoldingsAU$38.893.1%
+AU$3.5b		17.6%PB1.6xFinancials
ORG Origin EnergyAU$12.0711.6%
+AU$2.1b		-5.6%PE13.2xUtilities
CSL CSLAU$136.503.3%
+AU$2.1b		-49.5%PE33.2xHealthcare
WDS Woodside Energy GroupAU$32.602.3%
+AU$1.4b		21.6%PE16.2xEnergy
CAR CAR GroupAU$30.1011.4%
+AU$1.2b		-27.2%PE36.4xTelecom
See more

Market Insights

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Latest News

CBA
AU$167.17
Commonwealth Bank of Australia
7D
-6.1%
1Y
-0.6%
ORG
AU$12.07
Origin Energy
7D
11.6%
1Y
-5.6%
TLS
AU$4.78
Telstra Group
7D
-4.0%
1Y
-2.0%
QBE
AU$23.09
QBE Insurance Group
7D
-5.4%
1Y
6.9%
ANZ
AU$38.89
ANZ Group Holdings
7D
3.1%
1Y
17.6%
Narrative Update • Aug 14

ANZ: Margin Execution And Deposit Momentum Will Shape Mortgage And Wealth Outlook

Analysts have raised their price target on ANZ Group Holdings to A$36.43 from A$35.55, citing updated assumptions that include a modestly different discount rate, slightly softer revenue growth expectations, a small uplift in profit margin forecasts and a higher future P/E multiple. Analyst Commentary Recent commentary around ANZ Group Holdings focuses on how updated assumptions feed into the revised A$36.43 price target.
TCL
AU$13.96
Transurban Group
7D
-3.8%
1Y
-0.3%
STO
AU$7.99
Santos
7D
4.3%
1Y
-0.7%
SGH
AU$41.30
SGH
7D
-10.0%
1Y
-11.9%
WDS
AU$32.60
Woodside Energy Group
7D
2.3%
1Y
21.6%
Narrative Update • Aug 12

WDS: LNG Project Execution Will Constrain Future Returns Despite Portfolio Streamlining

Analysts have trimmed their A$ fair value estimate for Woodside Energy Group from about A$25.39 to A$24.77. This reflects updated views that factor in a slightly higher discount rate and the projected volume uplift from the Scarborough LNG project, alongside its potential impact on future free cash flow and shareholder returns.
CAR
AU$30.10
CAR Group
7D
11.4%
1Y
-27.2%
PLS
AU$4.87
PLS Group
7D
6.3%
1Y
121.4%
Narrative Update • Aug 12

PLS: P2000 Expansion Will Support Stronger Future Lithium Pricing

Analysts have reduced their price target on PLS Group to A$7.10 from A$7.30. This change reflects updated assumptions that include a slightly higher discount rate, expectations for stronger revenue growth, a lower profit margin, and a modestly reduced future P/E multiple.
NAB
AU$41.37
National Australia Bank
7D
-2.0%
1Y
5.6%
LNW
AU$135.77
Light & Wonder
7D
9.2%
1Y
-1.6%
Narrative Update • Aug 07

LNW: Future Returns Will Depend On Buybacks And Modest Margin Compression

The Light & Wonder analyst price target has shifted from A$113.59 to A$118.34 as analysts update their assumptions around fair value, discount rates, revenue growth, profit margins and future P/E expectations. What’s in the News for Light & Wonder Light & Wonder reported that from April 1, 2026 to June 30, 2026, the company repurchased 1,600,000 shares for US$134 million under the buyback announced on June 13, 2024.
BHP
AU$61.35
BHP Group
7D
-2.6%
1Y
46.2%
CSL
AU$136.50
CSL
7D
3.3%
1Y
-49.5%
Narrative Update • Aug 06

CSL: Roofing Cost Inflation And New Capacity Will Drive Tougher Repricing

Analysts have lifted their fair value estimate for Carlisle Companies (CSL) by about A$4 to roughly A$108 per share, citing updated assumptions on revenue growth, profit margins, and future P/E following recent price target revisions across the stock and related roofing peers. Analyst Commentary Recent research on Carlisle Companies highlights a mix of optimism about the stock's long term positioning alongside pockets of caution around execution, valuation, and industry headwinds.
WBC
AU$35.37
Westpac Banking
7D
-6.7%
1Y
-3.9%