Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Market Analysis & Valuation

UpdatedJun 29, 2026
DataAggregated Company Financials
Companies1568
  • 7D-0.9%
  • 3M3.7%
  • 1Y2.3%
  • YTD-1.0%

Over the last 7 days, the market has remained flat, although notably the Consumer Discretionary sector gained 3.7% in that time. Similarly, the market is flat for the past 12 months. Looking forward, 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
Mon, 29 Jun 2026AU$2.9tAU$1.2tAU$114.9b17.1x25.5x2.4x
Wed, 27 May 2026AU$2.9tAU$1.2tAU$113.3b17.1x25.6x2.4x
Fri, 24 Apr 2026AU$3.0tAU$1.2tAU$113.3b17.6x26.1x2.5x
Sun, 22 Mar 2026AU$2.8tAU$1.2tAU$112.2b17.2x25.2x2.4x
Tue, 17 Feb 2026AU$3.0tAU$1.2tAU$105.9b21.2x28.4x2.5x
Thu, 15 Jan 2026AU$3.0tAU$1.2tAU$109.8b21.9x27.4x2.5x
Sat, 13 Dec 2025AU$2.9tAU$1.2tAU$109.6b21.4x26.9x2.5x
Mon, 10 Nov 2025AU$3.0tAU$1.2tAU$110.6b20.8x26.7x2.5x
Wed, 08 Oct 2025AU$3.0tAU$1.2tAU$110.4b21.2x27.5x2.5x
Fri, 05 Sep 2025AU$3.0tAU$1.2tAU$111.5b20.5x26.7x2.5x
Sun, 03 Aug 2025AU$2.9tAU$1.2tAU$103.9b18.9x28.1x2.4x
Tue, 01 Jul 2025AU$2.9tAU$1.2tAU$102.5b18.2x27.9x2.4x
Thu, 29 May 2025AU$2.8tAU$1.2tAU$102.9b17.8x27.3x2.3x
Sat, 26 Apr 2025AU$2.7tAU$1.2tAU$104.1b17.2x25.5x2.2x
Mon, 24 Mar 2025AU$2.6tAU$1.2tAU$104.8b17.6x25.2x2.2x
Wed, 19 Feb 2025AU$2.8tAU$1.2tAU$101.5b19.9x27.8x2.4x
Fri, 17 Jan 2025AU$2.7tAU$1.2tAU$90.2b19.1x30.1x2.3x
Sun, 15 Dec 2024AU$2.7tAU$1.2tAU$89.2b20.3x30.7x2.3x
Tue, 12 Nov 2024AU$2.7tAU$1.2tAU$88.1b19.5x31x2.3x
Thu, 10 Oct 2024AU$2.7tAU$1.2tAU$87.7b19.5x30.9x2.3x
Sat, 07 Sep 2024AU$2.6tAU$1.2tAU$87.8b19.1x30x2.3x
Mon, 05 Aug 2024AU$2.6tAU$1.2tAU$92.3b19.3x28.4x2.3x
Wed, 03 Jul 2024AU$2.6tAU$1.2tAU$91.9b18.9x28x2.2x
Fri, 31 May 2024AU$2.5tAU$1.2tAU$92.2b19.1x27.6x2.2x
Sun, 28 Apr 2024AU$2.5tAU$1.2tAU$91.1b19.4x27.7x2.2x
Tue, 26 Mar 2024AU$2.6tAU$1.2tAU$96.0b19.5x27x2.2x
Thu, 22 Feb 2024AU$2.5tAU$1.2tAU$104.4b18.7x24.4x2.2x
Sat, 20 Jan 2024AU$2.5tAU$1.2tAU$115.4b18.6x21.6x2.1x
Mon, 18 Dec 2023AU$2.5tAU$1.2tAU$115.3b18.4x21.6x2.1x
Wed, 15 Nov 2023AU$2.3tAU$1.2tAU$117.7b18x19.9x2x
Fri, 13 Oct 2023AU$2.4tAU$1.2tAU$119.5b17.7x20x2x
Sun, 10 Sep 2023AU$2.4tAU$1.2tAU$120.9b18x20x2x
Tue, 08 Aug 2023AU$2.5tAU$1.2tAU$146.1b16.8x16.8x2.1x
Thu, 06 Jul 2023AU$2.4tAU$1.2tAU$145.4b16.3x16.7x2.1x
Price to Earnings Ratio

16.7x


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 26.1x202420252026
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 26.1x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 7.6% 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-0.91%
Consumer Discretionary3.72%
Consumer Staples2.86%
Utilities2.27%
Real Estate1.47%
Industrials1.16%
Healthcare1.13%
Financials-0.0053%
Telecom-1.91%
Materials-4.38%
Energy-4.49%
Tech-5.26%
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 19.6%, 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 4.7% 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
WES WesfarmersAU$90.795.4%
+AU$5.3b		7.1%PE33.7xConsumer Discretionary
WOW Woolworths GroupAU$40.555.2%
+AU$2.4b		30.3%PE82.8xConsumer Staples
PME Pro MedicusAU$197.4513.1%
+AU$2.4b		-30.7%PE87.9xHealthcare
ALL Aristocrat LeisureAU$60.517.0%
+AU$2.4b		-7.2%PE24.7xConsumer Discretionary
JHX James Hardie IndustriesAU$38.4310.1%
+AU$2.1b		-7.8%PE148xMaterials
See more

Market Insights

Header cover image
Yield measures a moment. A decade of raising it measures the business: durable earnings, a clean balance sheet, and management disciplined enough to keep it.
Continue reading
Watt's left in the overcrowded power trade?

Latest News

GGP
AU$12.02
Greatland Resources
7D
-12.1%
1Y
69.1%
BHP
AU$59.82
BHP Group
7D
-0.9%
1Y
62.8%
JHX
AU$38.43
James Hardie Industries
7D
10.1%
1Y
-7.8%
WOW
AU$40.55
Woolworths Group
7D
5.2%
1Y
30.3%
TCL
AU$14.71
Transurban Group
7D
-2.7%
1Y
5.2%
PME
AU$197.45
Pro Medicus
7D
13.1%
1Y
-30.7%
Narrative Update • Jun 26

PME: Record Contracts And Index Removal Will Shape Future Returns

Analysts have revised their fair value estimate for Pro Medicus to A$180.44 from A$326.49, reflecting updated assumptions for revenue growth, profit margins and a lower future P/E multiple. What’s in the News for Pro Medicus Pro Medicus reported a record half year, with revenue up 28.4% and underlying profit before tax up 29.7%, supported by demand for its Visage 7 enterprise medical imaging software (source: recent company reporting).
TLS
AU$5.16
Telstra Group
7D
2.4%
1Y
6.6%
Narrative Update • Jun 25

TLS: Future Returns Will Rely On Buybacks Dividends And Pricing Power

Analysts have nudged their fair value estimate for Telstra Group slightly higher to about A$5.28 from A$5.27, reflecting updated assumptions around discount rates, margin potential and longer term valuation that align with a recent Neutral initiation carrying a A$5.50 price target. What’s in the News for Telstra Group Telstra Group reported an 8.1% change in underlying NPAT for the first half of FY2026, alongside higher interim dividends, as part of its Connected Future 30 plan, according to recent earnings coverage.
PDI
AU$0.71
Predictive Discovery
7D
-26.8%
1Y
84.4%
CSL
AU$115.39
CSL
7D
2.2%
1Y
-51.8%
Narrative Update • Jun 25

CSL: Cost Cuts And Capacity Expansion Will Support Long Term Earnings Recovery

Analysts have trimmed their price target on CSL to about A$138 from roughly A$141. This reflects a slightly higher discount rate, modestly adjusted revenue growth and profit margin assumptions, and a lower future P/E multiple in their updated valuation work.
PLS
AU$5.08
PLS Group
7D
-8.1%
1Y
280.5%
WES
AU$90.79
Wesfarmers
7D
5.4%
1Y
7.1%
EVN
AU$12.39
Evolution Mining
7D
-4.4%
1Y
59.1%
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$33.82
WiseTech Global
7D
12.4%
1Y
-69.0%
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.
WDS
AU$27.97
Woodside Energy Group
7D
-2.8%
1Y
18.4%
ALL
AU$60.51
Aristocrat Leisure
7D
7.0%
1Y
-7.2%
NST
AU$20.12
Northern Star Resources
7D
-5.1%
1Y
8.5%