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Australian (ASX) Market Analysis & Valuation

UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies1550
  • 7D0.7%
  • 3M3.9%
  • 1Y8.5%
  • YTD2.1%

In the last week, the market has stayed flat, however the Materials sector stood out, gaining 3.5%. More promisingly, the market is up 7.7% over the past year. 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, 25 Feb 2026AU$3.0tAU$1.2tAU$111.9b20x27.2x2.6x
Fri, 23 Jan 2026AU$3.0tAU$1.2tAU$109.1b21.8x27.7x2.5x
Sun, 21 Dec 2025AU$2.9tAU$1.2tAU$109.9b21.5x26.6x2.4x
Tue, 18 Nov 2025AU$2.9tAU$1.2tAU$110.2b21.2x26.5x2.4x
Thu, 16 Oct 2025AU$3.0tAU$1.2tAU$110.6b21.3x27.6x2.5x
Sat, 13 Sep 2025AU$3.0tAU$1.2tAU$111.0b20.7x26.9x2.5x
Mon, 11 Aug 2025AU$3.0tAU$1.2tAU$104.0b19.2x28.6x2.5x
Wed, 09 Jul 2025AU$2.9tAU$1.2tAU$102.4b18.4x28.2x2.4x
Fri, 06 Jun 2025AU$2.9tAU$1.2tAU$102.5b18x27.9x2.4x
Sun, 04 May 2025AU$2.7tAU$1.2tAU$100.2b17.6x27.4x2.3x
Tue, 01 Apr 2025AU$2.6tAU$1.2tAU$105.3b17.4x24.8x2.1x
Thu, 27 Feb 2025AU$2.7tAU$1.2tAU$100.0b18.3x27.4x2.3x
Sat, 25 Jan 2025AU$2.8tAU$1.2tAU$89.5b19.3x31x2.4x
Mon, 23 Dec 2024AU$2.7tAU$1.2tAU$89.8b19.8x29.7x2.3x
Wed, 20 Nov 2024AU$2.8tAU$1.2tAU$88.3b19.7x31.3x2.4x
Fri, 18 Oct 2024AU$2.7tAU$1.2tAU$87.9b19.9x31.2x2.4x
Sun, 15 Sep 2024AU$2.7tAU$1.2tAU$88.1b19.7x30.3x2.3x
Tue, 13 Aug 2024AU$2.6tAU$1.2tAU$92.3b19.1x27.9x2.2x
Thu, 11 Jul 2024AU$2.6tAU$1.1tAU$91.0b19x28.6x2.3x
Sat, 08 Jun 2024AU$2.6tAU$1.2tAU$92.2b19.4x28.4x2.3x
Mon, 06 May 2024AU$2.5tAU$1.2tAU$93.8b19.6x27.2x2.2x
Wed, 03 Apr 2024AU$2.6tAU$1.2tAU$95.3b20.2x27.6x2.2x
Fri, 01 Mar 2024AU$2.6tAU$1.2tAU$96.5b19.5x26.7x2.2x
Sun, 28 Jan 2024AU$2.5tAU$1.2tAU$115.7b18.9x21.8x2.2x
Tue, 26 Dec 2023AU$2.5tAU$1.2tAU$114.7b18.7x22x2.2x
Thu, 23 Nov 2023AU$2.4tAU$1.2tAU$116.3b17.8x20.3x2x
Sat, 21 Oct 2023AU$2.3tAU$1.2tAU$119.9b17.6x19.4x2x
Mon, 18 Sep 2023AU$2.5tAU$1.2tAU$120.3b18.2x20.4x2.1x
Wed, 16 Aug 2023AU$2.5tAU$1.2tAU$145.0b16.8x17x2.1x
Fri, 14 Jul 2023AU$2.4tAU$1.2tAU$143.7b16.4x16.9x2.1x
Sun, 11 Jun 2023AU$2.4tAU$1.2tAU$144.8b16x16.5x2.1x
Tue, 09 May 2023AU$2.4tAU$1.2tAU$143.8b16.3x16.9x2.1x
Thu, 06 Apr 2023AU$2.4tAU$1.2tAU$144.0b15.9x16.9x2.1x
Sat, 04 Mar 2023AU$2.4tAU$1.2tAU$144.1b16.5x17x2.1x
Price to Earnings Ratio

17x


Total Market Cap: AU$2.4tTotal Earnings: AU$144.1bTotal Revenue: AU$1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 25x202420252026
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 25.0x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 8.1% 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 Market0.71%
Energy4.97%
Materials3.58%
Industrials2.67%
Telecom1.27%
Financials1.18%
Utilities0.81%
Consumer Staples-1.24%
Healthcare-2.88%
Real Estate-3.17%
Tech-5.56%
Consumer Discretionary-6.07%
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 21.4%, which is higher than its past year's earnings growth of 14.5% per year.
  • The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 169x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 2.4% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 5.4% 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$54.753.8%
+AU$10.2b		35.8%PE19.1xMaterials
NAB National Australia BankAU$48.376.7%
+AU$9.3b		36.7%PB2.4xFinancials
WBC Westpac BankingAU$42.654.7%
+AU$6.5b		36.5%PB2xFinancials
WDS Woodside Energy GroupAU$27.757.4%
+AU$3.7b		15.5%PE12.6xEnergy
TLS Telstra GroupAU$5.256.1%
+AU$3.4b		26.2%PE26xTelecom
See more

Market Insights

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WDS
AU$27.75
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7D
7.4%
1Y
15.5%
SUN
AU$14.67
Suncorp Group
7D
-8.2%
1Y
-29.1%
MQG
AU$206.49
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7D
-5.4%
1Y
-10.1%

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REH
AU$16.64
Reece
7D
19.6%
1Y
-8.6%

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TLS
AU$5.25
Telstra Group
7D
6.1%
1Y
26.2%
QBE
AU$21.87
QBE Insurance Group
7D
10.3%
1Y
1.9%

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CSL
AU$145.00
CSL
7D
-4.3%
1Y
-44.8%

My view on CSL Limited is positive. It’s a high-quality growth stock with strong barriers to entry through its global plasma network.

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WES
AU$81.09
Wesfarmers
7D
-8.9%
1Y
9.2%

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WTC
AU$42.99
WiseTech Global
7D
-9.2%
1Y
-54.5%

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GMG
AU$28.49
Goodman Group
7D
-7.4%
1Y
-12.8%
BHP
AU$54.75
BHP Group
7D
3.8%
1Y
35.8%

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NAB
AU$48.37
National Australia Bank
7D
6.7%
1Y
36.7%

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NST
AU$29.76
Northern Star Resources
7D
5.4%
1Y
66.9%

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PME
AU$108.15
Pro Medicus
7D
-14.1%
1Y
-61.9%
WBC
AU$42.65
Westpac Banking
7D
4.7%
1Y
36.5%

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ALL
AU$46.03
Aristocrat Leisure
7D
-7.1%
1Y
-38.0%

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