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Australian (ASX) Market Analysis & Valuation

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies1569
  • 7D-1.1%
  • 3M-1.6%
  • 1Y0.1%
  • YTD-2.3%

Over the last 7 days, the market has dropped 1.1%, driven by a pullback of 4.3% in the Materials sector. On the other hand, the Healthcare has risen by 3.1%. Although the market performance has been flat 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
Tue, 09 Jun 2026AU$2.9tAU$1.2tAU$114.0b17.1x25.4x2.4x
Thu, 07 May 2026AU$3.0tAU$1.2tAU$111.7b17.3x26.4x2.5x
Sat, 04 Apr 2026AU$2.9tAU$1.2tAU$114.6b17.2x25x2.4x
Mon, 02 Mar 2026AU$3.1tAU$1.2tAU$110.5b20.9x27.9x2.6x
Wed, 28 Jan 2026AU$3.1tAU$1.2tAU$108.4b21.7x28.1x2.6x
Fri, 26 Dec 2025AU$3.0tAU$1.2tAU$109.7b21.7x27.2x2.5x
Sun, 23 Nov 2025AU$2.8tAU$1.2tAU$110.2b20.5x25.8x2.4x
Tue, 21 Oct 2025AU$2.9tAU$1.2tAU$103.7b21.5x28.1x2.5x
Thu, 18 Sep 2025AU$3.0tAU$1.2tAU$110.7b20.2x26.9x2.5x
Sat, 16 Aug 2025AU$3.0tAU$1.2tAU$105.6b19x28.6x2.5x
Mon, 14 Jul 2025AU$2.9tAU$1.2tAU$102.1b18.4x28.2x2.4x
Wed, 11 Jun 2025AU$2.9tAU$1.2tAU$102.5b18.1x28x2.4x
Fri, 09 May 2025AU$2.7tAU$1.2tAU$103.8b17.8x26.3x2.3x
Sun, 06 Apr 2025AU$2.5tAU$1.2tAU$106.9b16.8x23.8x2.1x
Tue, 04 Mar 2025AU$2.8tAU$1.2tAU$105.4b17.9x26.1x2.3x
Thu, 30 Jan 2025AU$2.8tAU$1.2tAU$90.0b19.6x31x2.4x
Sat, 28 Dec 2024AU$2.7tAU$1.2tAU$90.1b19.9x30.3x2.3x
Mon, 25 Nov 2024AU$2.8tAU$1.2tAU$88.3b19.4x31.3x2.4x
Wed, 23 Oct 2024AU$2.7tAU$1.2tAU$87.9b19.6x30.8x2.3x
Fri, 20 Sep 2024AU$2.7tAU$1.2tAU$87.1b19.8x31x2.3x
Sun, 18 Aug 2024AU$2.6tAU$1.2tAU$91.4b19.7x28.7x2.3x
Tue, 16 Jul 2024AU$2.7tAU$1.1tAU$90.8b19.3x29.4x2.3x
Thu, 13 Jun 2024AU$2.6tAU$1.2tAU$92.4b19.1x28x2.2x
Sat, 11 May 2024AU$2.6tAU$1.2tAU$93.1b19.8x27.7x2.2x
Mon, 08 Apr 2024AU$2.6tAU$1.2tAU$94.9b20.2x27.4x2.2x
Wed, 06 Mar 2024AU$2.6tAU$1.2tAU$97.1b19.7x26.6x2.2x
Fri, 02 Feb 2024AU$2.5tAU$1.2tAU$116.2b19x21.8x2.2x
Sun, 31 Dec 2023AU$2.6tAU$1.2tAU$114.5b18.8x22.3x2.2x
Tue, 28 Nov 2023AU$2.3tAU$1.2tAU$116.0b18.1x20.2x2x
Thu, 26 Oct 2023AU$2.3tAU$1.2tAU$119.7b17.6x19.3x1.9x
Sat, 23 Sep 2023AU$2.4tAU$1.2tAU$120.0b17.7x19.9x2x
Mon, 21 Aug 2023AU$2.4tAU$1.2tAU$141.5b16.9x17x2x
Wed, 19 Jul 2023AU$2.4tAU$1.2tAU$144.1b16.5x17x2.1x
Fri, 16 Jun 2023AU$2.4tAU$1.2tAU$144.1b16x16.7x2.1x
Price to Earnings Ratio

16.7x


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 25.9x202420252026
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 25.9x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 7.5% 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-1.11%
Healthcare3.09%
Consumer Staples2.28%
Utilities1.65%
Tech0.85%
Energy0.78%
Industrials0.78%
Real Estate-0.16%
Consumer Discretionary-0.41%
Financials-0.81%
Telecom-0.82%
Materials-4.35%
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 19.7%, 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 24% 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 5.1% 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$99.477.5%
+AU$3.4b		-59.3%PE24.4xHealthcare
WOW Woolworths GroupAU$36.486.0%
+AU$2.5b		14.3%PE74.5xConsumer Staples
COL Coles GroupAU$22.614.9%
+AU$1.4b		3.5%PE29.8xConsumer Staples
BXB BramblesAU$17.515.9%
+AU$1.3b		-23.9%PE17.9xIndustrials
QBE QBE Insurance GroupAU$22.873.5%
+AU$1.1b		-3.4%PE11.3xFinancials
See more

Market Insights

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Latest News

BHP
AU$60.08
BHP Group
7D
-5.2%
1Y
56.1%
BXB
AU$17.51
Brambles
7D
5.9%
1Y
-23.9%
CBA
AU$160.48
Commonwealth Bank of Australia
7D
-1.5%
1Y
-11.8%
Narrative Update • Jun 07

CBA: Premium P/E Will Face Pressure From Housing And Lending Headwinds

Narrative Update on Commonwealth Bank of Australia Analysts have nudged their price target for Commonwealth Bank of Australia slightly higher to A$142.26 from A$142.00, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E, rather than any major shift in outlook. Analyst Commentary The modest adjustment to the A$142.26 price target for Commonwealth Bank of Australia reflects fine tuning of valuation inputs rather than a shift in the overall stance on the stock.
ANZ
AU$34.27
ANZ Group Holdings
7D
0.8%
1Y
14.9%
COL
AU$22.61
Coles Group
7D
4.9%
1Y
3.5%
SUN
AU$17.82
Suncorp Group
7D
3.6%
1Y
-17.9%
QBE
AU$22.87
QBE Insurance Group
7D
3.5%
1Y
-3.4%
EVN
AU$11.30
Evolution Mining
7D
-8.9%
1Y
32.2%
Narrative Update • Jun 05

EVN: Copper Exposure And Lithium JV Will Support More Resilient Margins

Narrative Update on Evolution Mining The analyst price target for Evolution Mining has been revised slightly higher to A$13.91, with analysts noting expectations for wider margins supported by copper exposure and updated commodity price assumptions following recent upgrades across several firms. Analyst Commentary Recent research updates on Evolution Mining have focused on valuation, copper exposure and revised commodity price assumptions, with several firms revisiting their ratings and targets following share price moves and changes to their forecasts.
FMG
AU$19.75
Fortescue
7D
-11.6%
1Y
26.0%
Narrative Update • Jun 04

FMG: Renewable Push And Legal Compensation Will Pressure Future Returns

Analysts have trimmed their price target for Fortescue from about A$19.56 to around A$18.91, reflecting slightly higher assumed discount rates and modestly softer long term profit margins and P/E expectations in their models. What's in the News Fortescue has started building the 690MW Turner River solar farm in Western Australia's Pilbara region as part of its Pilbara Green Grid renewable energy initiative, source: recent company news.
NST
AU$19.22
Northern Star Resources
7D
-8.6%
1Y
-8.5%
WES
AU$79.99
Wesfarmers
7D
1.1%
1Y
-6.3%
CSL
AU$99.47
CSL
7D
7.5%
1Y
-59.3%
PLS
AU$5.86
PLS Group
7D
-10.5%
1Y
334.1%
Narrative Update • Jun 02

PLS: Record High Share Price Will Face Future P/E Headwinds

Analysts have nudged their fair value estimate for PLS Group from A$4.78 to A$5.55, reflecting updated assumptions around discount rates, long term revenue growth, profit margins and a higher future P/E multiple. What's in the News PLS Group shares reached an all time high after a 12 month rally, supported by strong lithium market conditions and higher production capacity.
WOW
AU$36.48
Woolworths Group
7D
6.0%
1Y
14.3%
Narrative Update • May 28

WOW: Minor Model Adjustments Will Guide A Steady And Balanced Outlook

Analysts have slightly reduced their Woolworths Group price target to A$34.80 from A$34.85, reflecting updated assumptions around the discount rate, revenue growth, profit margins and future P/E settings. Valuation Changes Fair Value: A$34.85 moved slightly to A$34.80, reflecting minor model adjustments.
WBC
AU$34.71
Westpac Banking
7D
-2.5%
1Y
3.6%
NAB
AU$35.96
National Australia Bank
7D
-2.9%
1Y
-8.2%