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Australian (ASX) Market Analysis & Valuation

UpdatedJun 16, 2026
DataAggregated Company Financials
Companies1571
  • 7D3.0%
  • 3M3.2%
  • 1Y3.5%
  • YTD0.6%

Over the last 7 days, the market has risen 3.0%, driven by gains of 4.8% in the Materials sector. In contrast, the Energy sector is lagging, dropping 5.8%. The market is up 3.5% over the last 12 months. 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
Tue, 16 Jun 2026AU$3.0tAU$1.2tAU$113.9b17.2x26.2x2.5x
Thu, 14 May 2026AU$2.9tAU$1.2tAU$112.9b17.3x25.7x2.4x
Sat, 11 Apr 2026AU$3.0tAU$1.2tAU$113.7b17.4x26.3x2.5x
Mon, 09 Mar 2026AU$3.0tAU$1.2tAU$111.3b19.3x26.7x2.5x
Wed, 04 Feb 2026AU$3.0tAU$1.2tAU$108.1b21.8x27.8x2.5x
Fri, 02 Jan 2026AU$3.0tAU$1.2tAU$109.8b21.7x27x2.5x
Sun, 30 Nov 2025AU$2.9tAU$1.2tAU$110.2b22x26.5x2.4x
Tue, 28 Oct 2025AU$2.9tAU$1.2tAU$103.3b22.1x28.4x2.5x
Thu, 25 Sep 2025AU$3.0tAU$1.2tAU$110.8b20.6x26.8x2.5x
Sat, 23 Aug 2025AU$3.0tAU$1.2tAU$107.8b19.1x28x2.5x
Mon, 21 Jul 2025AU$2.9tAU$1.2tAU$102.6b18.4x28.7x2.4x
Wed, 18 Jun 2025AU$2.9tAU$1.2tAU$102.4b17.9x27.9x2.4x
Fri, 16 May 2025AU$2.8tAU$1.2tAU$103.6b17.9x26.7x2.3x
Sun, 13 Apr 2025AU$2.5tAU$1.2tAU$105.1b17x24.2x2.1x
Tue, 11 Mar 2025AU$2.7tAU$1.2tAU$104.6b17.9x25.4x2.2x
Thu, 06 Feb 2025AU$2.8tAU$1.2tAU$90.5b19.4x30.8x2.4x
Sat, 04 Jan 2025AU$2.7tAU$1.2tAU$90.0b20x30.4x2.3x
Mon, 02 Dec 2024AU$2.8tAU$1.2tAU$88.2b19.6x31.6x2.4x
Wed, 30 Oct 2024AU$2.7tAU$1.2tAU$88.5b19.7x30.7x2.3x
Fri, 27 Sep 2024AU$2.7tAU$1.2tAU$87.6b19.6x31x2.4x
Sun, 25 Aug 2024AU$2.6tAU$1.2tAU$87.8b19.4x30.1x2.3x
Tue, 23 Jul 2024AU$2.6tAU$1.2tAU$91.3b19.1x28.8x2.3x
Thu, 20 Jun 2024AU$2.6tAU$1.2tAU$92.1b18.7x28.1x2.2x
Sat, 18 May 2024AU$2.6tAU$1.2tAU$92.5b19.4x28.2x2.2x
Mon, 15 Apr 2024AU$2.6tAU$1.2tAU$95.5b20.2x27.2x2.2x
Wed, 13 Mar 2024AU$2.6tAU$1.2tAU$96.5b19.5x26.7x2.2x
Fri, 09 Feb 2024AU$2.5tAU$1.2tAU$120.0b19x21.2x2.2x
Sun, 07 Jan 2024AU$2.5tAU$1.2tAU$114.6b18.7x21.9x2.1x
Tue, 05 Dec 2023AU$2.4tAU$1.2tAU$115.7b18x20.6x2x
Thu, 02 Nov 2023AU$2.3tAU$1.2tAU$119.8b17.6x19.3x1.9x
Sat, 30 Sep 2023AU$2.4tAU$1.2tAU$119.2b18x20x2x
Mon, 28 Aug 2023AU$2.4tAU$1.2tAU$125.3b17.2x19.2x2x
Wed, 26 Jul 2023AU$2.5tAU$1.2tAU$144.5b16.7x17.1x2.1x
Fri, 23 Jun 2023AU$2.4tAU$1.2tAU$144.6b16.1x16.9x2.1x
Price to Earnings Ratio

16.9x


Total Market Cap: AU$2.4tTotal Earnings: AU$144.6bTotal 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 7.6% 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 Market3.00%
Consumer Discretionary7.77%
Real Estate6.10%
Consumer Staples5.87%
Materials4.77%
Industrials3.18%
Healthcare2.19%
Financials2.15%
Utilities1.02%
Telecom0.066%
Tech-3.42%
Energy-5.80%
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 19.8%, 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 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
BHP BHP GroupAU$65.186.4%
+AU$20.0b		74.1%PE22.9xMaterials
WES WesfarmersAU$86.239.2%
+AU$8.3b		2.3%PE32xConsumer Discretionary
MQG Macquarie GroupAU$247.254.6%
+AU$4.0b		16.1%PE19.3xFinancials
CSL CSLAU$105.537.8%
+AU$3.7b		-55.9%PE26xHealthcare
WOW Woolworths GroupAU$38.237.1%
+AU$3.1b		20.2%PE78.1xConsumer Staples
See more

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EVN
AU$13.08
Evolution Mining
7D
15.8%
1Y
54.8%
BHP
AU$65.19
BHP Group
7D
8.5%
1Y
74.8%
WDS
AU$30.04
Woodside Energy Group
7D
-3.4%
1Y
16.9%
Narrative Update • Jun 15

WDS: Execution Risks At LNG Projects Will Constrain Future Share Price Upside

Analysts have trimmed their price target for Woodside Energy Group by A$0.16 to A$24.57, citing small adjustments to fair value, revenue growth assumptions, and expected future P/E. Analyst Commentary Bearish analysts appear to be using the A$24.57 price target as a way to flag more measured expectations for Woodside Energy Group, rather than a high conviction bullish stance.
REA
AU$143.86
REA Group
7D
-5.7%
1Y
-39.0%
MQG
AU$249.06
Macquarie Group
7D
4.6%
1Y
17.4%
CSL
AU$106.25
CSL
7D
6.8%
1Y
-55.6%
SIG
AU$2.81
Sigma Healthcare
7D
-3.8%
1Y
-13.8%
NAB
AU$37.89
National Australia Bank
7D
5.4%
1Y
-2.3%
NST
AU$21.30
Northern Star Resources
7D
10.8%
1Y
1.5%
XRO
AU$72.09
Xero
7D
-8.1%
1Y
-62.3%
STO
AU$7.45
Santos
7D
-5.3%
1Y
-4.0%
WES
AU$85.26
Wesfarmers
7D
6.6%
1Y
1.5%
YAL
AU$6.08
Yancoal Australia
7D
-11.0%
1Y
2.0%
NXT
AU$14.87
NEXTDC
7D
-5.8%
1Y
6.4%
S32
AU$4.27
South32
7D
-5.7%
1Y
41.4%
Narrative Update • Jun 02

S32: Citi Upgrade And Hermosa Progress Will Shape Balanced Future Prospects

Analysts have lifted their South32 price target to A$3.00 from A$2.80, reflecting updated assumptions for slightly higher fair value, discount rate, revenue growth, profit margin and a modestly lower future P/E multiple. Analyst Commentary Recent research has focused on how updated assumptions feed into South32's valuation, with the higher price targets pointing to a reassessment of fair value rather than a change in rating stance in some cases.
WBC
AU$35.75
Westpac Banking
7D
3.0%
1Y
8.3%