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Australian (ASX) Market Analysis & Valuation

UpdatedAug 23, 2024
DataAggregated Company Financials
Companies1665
  • 7D2.2%
  • 3M3.5%
  • 1Y11.1%
  • YTD4.8%

Over the last 7 days, the market has risen 2.1%, driven by gains of 2.4% in the Financials sector. As for the past 12 months, the market is up 11%. As for the next few years, earnings are expected to grow by 13% 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
Fri, 23 Aug 2024AU$2.6tAU$1.1tAU$87.8b19.7x30.2x2.3x
Sun, 21 Jul 2024AU$2.6tAU$1.2tAU$91.2b19.2x29x2.3x
Tue, 18 Jun 2024AU$2.6tAU$1.2tAU$92.4b18.8x27.8x2.2x
Thu, 16 May 2024AU$2.6tAU$1.2tAU$93.0b19.7x27.8x2.2x
Sat, 13 Apr 2024AU$2.6tAU$1.2tAU$95.3b20.3x27.2x2.2x
Mon, 11 Mar 2024AU$2.6tAU$1.2tAU$96.5b19.6x27.2x2.2x
Wed, 07 Feb 2024AU$2.5tAU$1.2tAU$118.2b19x21.3x2.2x
Fri, 05 Jan 2024AU$2.5tAU$1.2tAU$115.1b18.5x21.9x2.2x
Sun, 03 Dec 2023AU$2.4tAU$1.2tAU$115.5b18x20.5x2x
Tue, 31 Oct 2023AU$2.3tAU$1.2tAU$119.5b17.3x19.1x1.9x
Thu, 28 Sep 2023AU$2.4tAU$1.2tAU$120.5b17.9x19.7x2x
Sat, 26 Aug 2023AU$2.4tAU$1.2tAU$125.3b17.1x19.2x2x
Mon, 24 Jul 2023AU$2.5tAU$1.2tAU$144.9b16.6x17x2.1x
Wed, 21 Jun 2023AU$2.5tAU$1.2tAU$144.3b16.2x17x2.1x
Fri, 19 May 2023AU$2.4tAU$1.2tAU$145.6b16.3x16.6x2.1x
Sun, 16 Apr 2023AU$2.5tAU$1.2tAU$144.3b16.2x17.1x2.1x
Tue, 14 Mar 2023AU$2.4tAU$1.2tAU$144.5b15.9x16.5x2.1x
Thu, 09 Feb 2023AU$2.5tAU$1.1tAU$146.8b16.2x17.2x2.3x
Sat, 07 Jan 2023AU$2.4tAU$1.1tAU$147.8b15.3x16.2x2.2x
Mon, 05 Dec 2022AU$2.5tAU$1.1tAU$148.8b14.9x16.5x2.3x
Wed, 02 Nov 2022AU$2.4tAU$1.1tAU$151.0b14.6x15.6x2.1x
Fri, 30 Sep 2022AU$2.2tAU$1.1tAU$150.0b14x14.8x2x
Sun, 28 Aug 2022AU$2.4tAU$1.1tAU$143.9b15.3x16.7x2.2x
Tue, 26 Jul 2022AU$2.3tAU$1.0tAU$132.5b15x17.3x2.2x
Thu, 23 Jun 2022AU$2.2tAU$1.0tAU$133.5b15x16.3x2.1x
Sat, 21 May 2022AU$2.5tAU$1.0tAU$133.3b16.2x18.5x2.4x
Mon, 18 Apr 2022AU$2.6tAU$1.0tAU$129.4b17.5x20.2x2.5x
Wed, 16 Mar 2022AU$2.5tAU$1.0tAU$130.7b17.5x19.4x2.4x
Fri, 11 Feb 2022AU$2.6tAU$981.4bAU$110.7b18.5x23.4x2.6x
Sun, 09 Jan 2022AU$2.6tAU$976.9bAU$104.3b19.4x25.4x2.7x
Tue, 07 Dec 2021AU$2.5tAU$981.2bAU$103.1b18.4x24.6x2.6x
Thu, 04 Nov 2021AU$2.6tAU$963.0bAU$97.8b19.7x26.5x2.7x
Sat, 02 Oct 2021AU$2.5tAU$961.5bAU$95.8b18.8x26.2x2.6x
Mon, 30 Aug 2021AU$2.6tAU$949.7bAU$96.9b18.2x26.7x2.7x
Price to Earnings Ratio

26.7x


Total Market Cap: AU$2.6tTotal Earnings: AU$96.9bTotal Revenue: AU$949.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 20.9x202220232024
Current Market PE
  • Investors are optimistic on the Australian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 29.6x which is higher than its 3-year average PE of 20.9x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 2.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Australian Market?

AU Market2.15%
Tech12.10%
Materials4.87%
Industrials2.49%
Utilities2.18%
Telecom1.67%
Healthcare1.64%
Financials1.34%
Consumer Staples1.09%
Consumer Discretionary0.65%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Real Estate-1.14%
Energy-1.52%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 64.2x.
    • Analysts are expecting annual earnings growth of 16.2%, which is lower than the prior year's growth of 19.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 10% 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
WTC WiseTech GlobalAU$120.3929.3%
+AU$9.1b		60.0%PE152xTech
BHP BHP GroupAU$40.944.4%
+AU$8.8b		-6.5%PE18.9xMaterials
FMG FortescueAU$18.339.0%
+AU$4.6b		-13.0%PE6.6xMaterials
BXB BramblesAU$18.0316.5%
+AU$3.6b		27.3%PE21.7xIndustrials
CSL CSLAU$308.102.3%
+AU$3.4b		16.8%PE38xHealthcare
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BXB

AU$18.03

Brambles

7D

16.5%

1Y

27.3%

AU$18.10 - That's What Analysts Think Brambles Limited (ASX:BXB) Is Worth After These Results

Aug 23
AU$18.10 - That's What Analysts Think Brambles Limited (ASX:BXB) Is Worth After These Results

STO

AU$7.44

Santos

7D

-3.0%

1Y

-4.7%

DXS

AU$6.98

DEXUS

7D

-5.2%

1Y

-9.2%

WTC

AU$120.39

WiseTech Global

7D

29.3%

1Y

60.0%

YAL

AU$5.76

Yancoal Australia

7D

-17.1%

1Y

12.1%

WBC

AU$30.05

Westpac Banking

7D

2.6%

1Y

40.2%

GQG

AU$2.71

GQG Partners

7D

-4.9%

1Y

81.9%

COH

AU$304.00

Cochlear

7D

-2.9%

1Y

14.3%

TWE

AU$11.81

Treasury Wine Estates

7D

-4.4%

1Y

-0.5%

GMG

AU$32.27

Goodman Group

7D

-7.0%

1Y

43.7%

CSL

AU$308.10

CSL

7D

2.3%

1Y

16.8%

CSL Limited (ASX:CSL) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Aug 16
CSL Limited (ASX:CSL) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

CBA

AU$136.46

Commonwealth Bank of Australia

7D

1.2%

1Y

35.6%

Commonwealth Bank of Australia (ASX:CBA) Will Pay A Larger Dividend Than Last Year At A$2.50

Aug 16
Commonwealth Bank of Australia (ASX:CBA) Will Pay A Larger Dividend Than Last Year At A$2.50

ASX

AU$62.01

ASX

7D

-3.1%

1Y

6.9%

FMG

AU$18.33

Fortescue

7D

9.0%

1Y

-13.0%

Fortescue Ltd's (ASX:FMG) 26% Dip In Price Shows Sentiment Is Matching Earnings

Aug 15
Fortescue Ltd's (ASX:FMG) 26% Dip In Price Shows Sentiment Is Matching Earnings

BHP

AU$40.94

BHP Group

7D

4.4%

1Y

-6.5%

NAB

AU$36.90

National Australia Bank

7D

2.7%

1Y

30.0%