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Australian (ASX) Market Analysis & Valuation

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies1568
  • 7D-1.4%
  • 3M2.7%
  • 1Y2.2%
  • YTD-0.8%

Over the last 7 days, the market has dropped 1.4%, driven by a decline of 5.8% in the Materials sector. In the last 12 months the market has been flat overall. 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
Thu, 25 Jun 2026AU$2.9tAU$1.2tAU$114.9b17.3x25.6x2.4x
Sat, 23 May 2026AU$2.9tAU$1.2tAU$113.5b17.1x25.5x2.4x
Mon, 20 Apr 2026AU$3.0tAU$1.2tAU$113.2b17.5x26.5x2.5x
Wed, 18 Mar 2026AU$2.9tAU$1.2tAU$112.2b17.8x25.7x2.4x
Fri, 13 Feb 2026AU$3.1tAU$1.2tAU$106.2b21x28.7x2.6x
Sun, 11 Jan 2026AU$3.0tAU$1.2tAU$109.7b21.8x27.1x2.5x
Tue, 09 Dec 2025AU$2.9tAU$1.2tAU$109.5b21.3x26.7x2.4x
Thu, 06 Nov 2025AU$3.0tAU$1.2tAU$110.9b21x26.8x2.5x
Sat, 04 Oct 2025AU$3.0tAU$1.2tAU$110.4b21.2x27.5x2.5x
Mon, 01 Sep 2025AU$3.0tAU$1.2tAU$111.4b20x27.2x2.5x
Wed, 30 Jul 2025AU$2.9tAU$1.2tAU$102.8b18.9x28.5x2.4x
Fri, 27 Jun 2025AU$2.9tAU$1.2tAU$102.4b18.2x28x2.4x
Sun, 25 May 2025AU$2.8tAU$1.2tAU$102.4b18x27.3x2.3x
Tue, 22 Apr 2025AU$2.6tAU$1.2tAU$104.0b17.1x25x2.1x
Thu, 20 Mar 2025AU$2.6tAU$1.2tAU$104.6b17.6x24.9x2.1x
Sat, 15 Feb 2025AU$2.8tAU$1.2tAU$95.0b19.7x29.8x2.4x
Mon, 13 Jan 2025AU$2.7tAU$1.2tAU$90.4b19.7x30.4x2.3x
Wed, 11 Dec 2024AU$2.8tAU$1.2tAU$88.9b20.4x31.1x2.4x
Fri, 08 Nov 2024AU$2.7tAU$1.2tAU$88.5b19.4x30.7x2.3x
Sun, 06 Oct 2024AU$2.7tAU$1.2tAU$87.3b19.5x30.9x2.3x
Tue, 03 Sep 2024AU$2.7tAU$1.2tAU$87.5b19.4x30.6x2.3x
Thu, 01 Aug 2024AU$2.7tAU$1.2tAU$92.1b19.6x29.1x2.3x
Sat, 29 Jun 2024AU$2.6tAU$1.2tAU$91.9b19.1x28.2x2.2x
Mon, 27 May 2024AU$2.6tAU$1.2tAU$91.9b18.9x27.9x2.2x
Wed, 24 Apr 2024AU$2.6tAU$1.2tAU$95.7b19.7x26.8x2.2x
Fri, 22 Mar 2024AU$2.6tAU$1.2tAU$95.6b19.6x27.2x2.2x
Sun, 18 Feb 2024AU$2.6tAU$1.2tAU$114.6b19.1x22.3x2.2x
Tue, 16 Jan 2024AU$2.5tAU$1.2tAU$114.9b18.7x21.9x2.2x
Thu, 14 Dec 2023AU$2.4tAU$1.2tAU$116.4b18.1x20.8x2.1x
Sat, 11 Nov 2023AU$2.3tAU$1.2tAU$118.5b17.6x19.7x2x
Mon, 09 Oct 2023AU$2.3tAU$1.2tAU$119.4b17.4x19.7x2x
Wed, 06 Sep 2023AU$2.5tAU$1.2tAU$120.7b18.4x20.4x2.1x
Fri, 04 Aug 2023AU$2.5tAU$1.2tAU$146.4b16.8x16.8x2.1x
Sun, 02 Jul 2023AU$2.4tAU$1.2tAU$145.4b16.4x16.6x2.1x
Price to Earnings Ratio

16.6x


Total Market Cap: AU$2.4tTotal Earnings: AU$145.4bTotal Revenue: AU$1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 26x202420252026
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 26.0x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 7.7% 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-1.77%
Healthcare3.66%
Consumer Staples2.12%
Consumer Discretionary1.30%
Industrials0.86%
Financials0.82%
Utilities-0.24%
Real Estate-1.54%
Telecom-2.57%
Energy-2.92%
Tech-4.39%
Materials-7.51%
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 19.5%, which is higher than its past year's earnings growth of 10.8% 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 25% over the next 5 years.
  • This is better than its past earnings growth rate of 19% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 4.8% 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
CSL CSLAU$114.997.7%
+AU$3.9b		-51.8%PE27.3xHealthcare
NAB National Australia BankAU$38.752.9%
+AU$3.3b		-3.2%PB2xFinancials
ALL Aristocrat LeisureAU$57.997.6%
+AU$2.5b		-11.3%PE23.8xConsumer Discretionary
WES WesfarmersAU$87.272.1%
+AU$2.0b		3.7%PE32.4xConsumer Discretionary
WOW Woolworths GroupAU$39.374.2%
+AU$1.9b		25.6%PE80.4xConsumer Staples
See more

Market Insights

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Latest News

REA
AU$131.58
REA Group
7D
-9.6%
1Y
-43.6%
WES
AU$87.27
Wesfarmers
7D
2.1%
1Y
3.7%
FMG
AU$19.25
Fortescue
7D
-5.3%
1Y
29.4%
QBE
AU$24.56
QBE Insurance Group
7D
4.2%
1Y
4.6%
EVN
AU$12.35
Evolution Mining
7D
-8.2%
1Y
62.3%
Narrative Update • Jun 23

EVN: Copper Support Will Likely Fail To Offset Execution And Cost Risks

Analysts have trimmed their fair value estimate for Evolution Mining to A$7.06 from A$7.41, citing revised assumptions around discount rates, revenue growth, margins and future P/E. They also point to recent rating upgrades that highlight the support from copper exposure during periods of gold price volatility.
WTC
AU$32.86
WiseTech Global
7D
-14.2%
1Y
-69.7%
Narrative Update • Jun 23

WTC: AI Restructuring And Reaffirmed 2026 Guidance Will Underpin Recovery Potential

Analysts have nudged their WiseTech Global fair value estimate higher to about A$75.22 from roughly A$74.50, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E as the basis for the refined price target. Analyst Commentary Recent commentary around WiseTech Global points to a mixed but engaged analyst community, with views clustering around how sustainable the company’s growth assumptions and margin profile may be and how that should feed into fair value.
ANZ
AU$35.64
ANZ Group Holdings
7D
1.7%
1Y
22.5%
BHP
AU$59.50
BHP Group
7D
-9.3%
1Y
64.8%
Narrative Update • Jun 22

BHP: Copper Strength And Jansen Risks Will Shape Fairly Valued Outlook

The analyst price target for BHP Group has been revised higher to A$61.02 from A$55.62, as analysts incorporate updated assumptions around revenue growth, profit margins, and a slightly lower discount rate, despite mixed reactions to the Jansen Potash capex increase and related impairment. Analyst Commentary Recent research on BHP Group shows a split view, with some bullish analysts focusing on long term growth optionality and others highlighting execution risks and valuation constraints after the Jansen Potash updates.
CSL
AU$114.99
CSL
7D
7.7%
1Y
-51.8%
NAB
AU$38.75
National Australia Bank
7D
2.9%
1Y
-3.2%
ALL
AU$57.99
Aristocrat Leisure
7D
7.6%
1Y
-11.3%
NST
AU$20.59
Northern Star Resources
7D
-5.8%
1Y
6.8%
GMG
AU$31.83
Goodman Group
7D
-2.7%
1Y
-8.6%
Analysis Article • Jun 20

Goodman Group (ASX:GMG) Shares Could Be 9.1% Undervalued After Data Centre Push

Goodman Group (ASX:GMG) is back in focus after reaffirming an estimated A$0.15 distribution per stapled security for the six months to 30 June 2026, alongside a heavier tilt toward high-density data centres. See our latest analysis for Goodman Group. Goodman Group’s A$31.50 share price comes after a strong run, with a 90 day share price return of 23.53%, even though the 1 year total shareholder return is down 8.04% and the 3 year total shareholder return is 65.52%. Recent momentum appears to...
CBA
AU$164.79
Commonwealth Bank of Australia
7D
0.7%
1Y
-13.9%
PLS
AU$5.66
PLS Group
7D
-11.0%
1Y
354.6%
Narrative Update • Jun 17

PLS: Lithium Rebound And Project Restarts Will Test Elevated P/E

Analysts have adjusted their fair value estimate for PLS Group stock to A$5.70 from A$5.55, reflecting updated assumptions about revenue growth, profit margins and future P/E expectations. What’s in the News for PLS Group PLS Group stock rose nearly 10% as lithium prices remained strong and the company moved closer to restarting its Ngungaju plant, with the restart targeted for early July 2026.
WOW
AU$39.37
Woolworths Group
7D
4.2%
1Y
25.6%
Narrative Update • Jun 12

WOW: Cost Cuts And Modest Model Tweaks Will Shape A Steady Outlook

Analysts have made a small upward adjustment to Woolworths Group's fair value estimate, with the price target moving from A$34.80 to A$34.84 as they refresh inputs such as the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Woolworths Group plans to offshore hundreds of corporate roles as part of a new cost-cutting program, according to recent news reports (source: recent news stories).