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Australian (ASX) Market Analysis & Valuation

UpdatedNov 28, 2024
DataAggregated Company Financials
Companies1628
  • 7D0.8%
  • 3M4.4%
  • 1Y18.1%
  • YTD8.9%

The Real Estate sector gained 3.1% while the market remained flat over the last week. More promisingly, the market is up 18% over the past year. 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
Thu, 28 Nov 2024AU$2.8tAU$1.2tAU$88.5b19.6x31.4x2.4x
Sat, 26 Oct 2024AU$2.7tAU$1.2tAU$88.2b19.9x30.8x2.3x
Mon, 23 Sep 2024AU$2.7tAU$1.2tAU$87.7b19.4x30.9x2.3x
Wed, 21 Aug 2024AU$2.6tAU$1.1tAU$89.0b19.9x29.6x2.3x
Fri, 19 Jul 2024AU$2.7tAU$1.1tAU$91.0b19.4x29.3x2.3x
Sun, 16 Jun 2024AU$2.6tAU$1.2tAU$92.4b18.9x27.9x2.2x
Tue, 14 May 2024AU$2.6tAU$1.2tAU$93.1b19.6x27.7x2.2x
Thu, 11 Apr 2024AU$2.6tAU$1.2tAU$94.7b20.4x27.7x2.2x
Sat, 09 Mar 2024AU$2.6tAU$1.2tAU$96.4b19.8x27.2x2.2x
Mon, 05 Feb 2024AU$2.6tAU$1.2tAU$116.2b19x22.1x2.2x
Wed, 03 Jan 2024AU$2.6tAU$1.2tAU$114.6b18.8x22.3x2.2x
Fri, 01 Dec 2023AU$2.4tAU$1.2tAU$116.1b18x20.4x2x
Sun, 29 Oct 2023AU$2.3tAU$1.2tAU$118.5b17.4x19.7x1.9x
Tue, 26 Sep 2023AU$2.4tAU$1.2tAU$120.0b17.7x19.9x2x
Thu, 24 Aug 2023AU$2.4tAU$1.2tAU$130.7b17x18.5x2x
Sat, 22 Jul 2023AU$2.5tAU$1.2tAU$144.6b16.6x17x2.1x
Mon, 19 Jun 2023AU$2.4tAU$1.2tAU$143.6b16x16.9x2.1x
Wed, 17 May 2023AU$2.4tAU$1.2tAU$145.5b16.3x16.6x2.1x
Fri, 14 Apr 2023AU$2.5tAU$1.2tAU$144.1b16.1x17.1x2.1x
Sun, 12 Mar 2023AU$2.4tAU$1.2tAU$145.1b16x16.5x2.1x
Tue, 07 Feb 2023AU$2.5tAU$1.1tAU$147.3b16.4x17.2x2.3x
Thu, 05 Jan 2023AU$2.4tAU$1.1tAU$147.7b14.8x16x2.2x
Sat, 03 Dec 2022AU$2.5tAU$1.1tAU$148.6b14.9x16.5x2.3x
Mon, 31 Oct 2022AU$2.3tAU$1.1tAU$150.9b14.3x15.2x2.1x
Wed, 28 Sep 2022AU$2.2tAU$1.1tAU$150.1b14.5x14.7x2x
Fri, 26 Aug 2022AU$2.4tAU$1.1tAU$144.5b15.2x16.6x2.3x
Sun, 24 Jul 2022AU$2.3tAU$1.0tAU$132.5b15.1x17.4x2.2x
Tue, 21 Jun 2022AU$2.1tAU$1.0tAU$134.0b14.9x16x2.1x
Thu, 19 May 2022AU$2.5tAU$1.0tAU$133.4b16.5x18.5x2.4x
Sat, 16 Apr 2022AU$2.6tAU$1.0tAU$129.3b17.5x20.2x2.5x
Mon, 14 Mar 2022AU$2.5tAU$1.0tAU$130.2b17.6x19.4x2.4x
Wed, 09 Feb 2022AU$2.6tAU$980.4bAU$105.9b18.3x24.2x2.6x
Fri, 07 Jan 2022AU$2.7tAU$974.1bAU$103.8b14.3x25.9x2.8x
Sun, 05 Dec 2021AU$2.5tAU$982.1bAU$103.0b18.6x24.7x2.6x
Price to Earnings Ratio

24.7x


Total Market Cap: AU$2.5tTotal Earnings: AU$103.0bTotal Revenue: AU$982.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 21.3x202220232024
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 31.4x which is higher than its 3-year average PE of 21.3x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 4.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.9% 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 Market0.80%
Real Estate3.09%
Healthcare2.93%
Telecom2.02%
Industrials2.01%
Consumer Discretionary1.73%
Consumer Staples0.90%
Utilities0.85%
Materials0.20%
Financials0.11%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Energy-0.68%
Tech-2.81%
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 27.1%, which is higher than its past year's earnings growth of 6.8% 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 1.7% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 9.0% 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$285.184.2%
+AU$5.5b		8.8%PE34xHealthcare
CBA Commonwealth Bank of AustraliaAU$158.581.5%
+AU$3.9b		51.5%PB3.6xFinancials
PME Pro MedicusAU$248.1815.6%
+AU$3.5b		180.7%PE313.2xHealthcare
WES WesfarmersAU$71.662.9%
+AU$2.3b		36.1%PE31.8xConsumer Discretionary
GMG Goodman GroupAU$38.233.2%
+AU$2.3b		68.0%PB4.2xReal Estate
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GMG

AU$38.23

Goodman Group

7D

3.2%

1Y

68.0%

WBC

AU$33.40

Westpac Banking

7D

-0.4%

1Y

56.3%

PME

AU$248.18

Pro Medicus

7D

15.6%

1Y

180.7%

QAN

AU$8.78

Qantas Airways

7D

-1.9%

1Y

65.7%

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WTC

AU$125.85

WiseTech Global

7D

-9.4%

1Y

88.4%

ANZ

AU$31.50

ANZ Group Holdings

7D

-2.3%

1Y

29.3%

WES

AU$71.66

Wesfarmers

7D

2.9%

1Y

36.1%

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TCL

AU$12.98

Transurban Group

7D

3.4%

1Y

0.2%

PLS

AU$2.39

Pilbara Minerals

7D

-14.6%

1Y

-34.3%

JHX

AU$56.72

James Hardie Industries

7D

6.1%

1Y

16.4%

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SEK

AU$26.29

SEEK

7D

-3.0%

1Y

10.1%

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CSL

AU$285.18

CSL

7D

4.2%

1Y

8.8%

STO

AU$6.59

Santos

7D

-3.1%

1Y

-4.6%

FMG

AU$18.70

Fortescue

7D

3.3%

1Y

-25.2%

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NXT

AU$15.88

NEXTDC

7D

-3.0%

1Y

21.9%

CBA

AU$158.58

Commonwealth Bank of Australia

7D

1.5%

1Y

51.5%