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Australian (ASX) Market Analysis & Valuation

UpdatedDec 01, 2024
DataAggregated Company Financials
Companies1627
  • 7D0.7%
  • 3M4.3%
  • 1Y18.1%
  • YTD9.4%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 3.8% in that time. As for the longer term, the market has risen 18% in the past 12 months. 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
Sun, 01 Dec 2024AU$2.8tAU$1.2tAU$88.2b19.6x31.6x2.4x
Tue, 29 Oct 2024AU$2.7tAU$1.2tAU$88.3b19.8x30.7x2.3x
Thu, 26 Sep 2024AU$2.7tAU$1.2tAU$87.5b19.5x30.7x2.3x
Sat, 24 Aug 2024AU$2.6tAU$1.2tAU$88.1b19.4x30x2.3x
Mon, 22 Jul 2024AU$2.6tAU$1.2tAU$91.2b19.2x29x2.3x
Wed, 19 Jun 2024AU$2.6tAU$1.2tAU$92.3b18.6x28x2.2x
Fri, 17 May 2024AU$2.6tAU$1.2tAU$92.4b19.6x28.4x2.3x
Sun, 14 Apr 2024AU$2.6tAU$1.2tAU$95.3b20.3x27.2x2.2x
Tue, 12 Mar 2024AU$2.6tAU$1.2tAU$96.6b19.6x26.7x2.2x
Thu, 08 Feb 2024AU$2.5tAU$1.2tAU$118.1b19x21.5x2.2x
Sat, 06 Jan 2024AU$2.5tAU$1.2tAU$115.5b18.7x21.8x2.1x
Mon, 04 Dec 2023AU$2.4tAU$1.2tAU$115.5b18x20.5x2x
Wed, 01 Nov 2023AU$2.3tAU$1.2tAU$119.6b17.3x19.1x1.9x
Fri, 29 Sep 2023AU$2.4tAU$1.2tAU$119.6b17.8x19.8x2x
Sun, 27 Aug 2023AU$2.4tAU$1.2tAU$125.3b17.2x19.2x2x
Tue, 25 Jul 2023AU$2.5tAU$1.2tAU$144.7b16.6x17x2.1x
Thu, 22 Jun 2023AU$2.4tAU$1.2tAU$144.6b16.1x16.9x2.1x
Sat, 20 May 2023AU$2.4tAU$1.2tAU$145.5b16.2x16.7x2.1x
Mon, 17 Apr 2023AU$2.5tAU$1.2tAU$144.3b16.2x17.1x2.1x
Wed, 15 Mar 2023AU$2.4tAU$1.2tAU$144.2b15.8x16.3x2x
Fri, 10 Feb 2023AU$2.5tAU$1.1tAU$146.5b16.4x17.2x2.3x
Sun, 08 Jan 2023AU$2.4tAU$1.1tAU$147.6b15.3x16.2x2.2x
Tue, 06 Dec 2022AU$2.5tAU$1.1tAU$148.8b14.8x16.5x2.3x
Thu, 03 Nov 2022AU$2.4tAU$1.1tAU$151.1b14.9x15.6x2.1x
Sat, 01 Oct 2022AU$2.2tAU$1.1tAU$149.9b14.1x14.6x2x
Mon, 29 Aug 2022AU$2.4tAU$1.1tAU$148.8b15.3x16.2x2.3x
Wed, 27 Jul 2022AU$2.3tAU$1.0tAU$132.5b14.8x17.4x2.3x
Fri, 24 Jun 2022AU$2.2tAU$1.0tAU$133.8b14.6x16.5x2.1x
Sun, 22 May 2022AU$2.5tAU$1.0tAU$133.5b16.2x18.4x2.3x
Tue, 19 Apr 2022AU$2.6tAU$1.0tAU$128.8b17.5x20.2x2.5x
Thu, 17 Mar 2022AU$2.6tAU$1.0tAU$131.2b17.5x19.5x2.4x
Sat, 12 Feb 2022AU$2.6tAU$982.6bAU$111.5b18.6x23x2.6x
Mon, 10 Jan 2022AU$2.6tAU$976.9bAU$104.3b19.4x25.4x2.7x
Wed, 08 Dec 2021AU$2.5tAU$981.2bAU$103.1b18.4x24.6x2.6x
Price to Earnings Ratio

24.6x


Total Market Cap: AU$2.5tTotal Earnings: AU$103.1bTotal Revenue: AU$981.2bTotal 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 31.6x which is higher than its 3-year average PE of 21.3x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 5.1% 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 Market0.72%
Healthcare3.84%
Tech3.37%
Consumer Discretionary2.27%
Real Estate2.08%
Telecom1.50%
Consumer Staples1.35%
Industrials0.81%
Materials0.55%
Utilities0.039%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Financials-0.63%
Energy-3.50%
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
PME Pro MedicusAU$251.8913.6%
+AU$3.1b		186.0%PE317.9xHealthcare
CSL CSLAU$282.222.1%
+AU$2.8b		7.4%PE33.7xHealthcare
WTC WiseTech GlobalAU$128.105.2%
+AU$2.1b		93.6%PE161.7xTech
FMG FortescueAU$18.993.7%
+AU$2.1b		-24.6%PE6.7xMaterials
BHP BHP GroupAU$40.571.0%
+AU$2.1b		-12.5%PE17xMaterials
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PME

AU$251.89

Pro Medicus

7D

13.6%

1Y

186.0%

GMG

AU$37.91

Goodman Group

7D

1.8%

1Y

64.5%

WBC

AU$33.36

Westpac Banking

7D

-1.4%

1Y

56.8%

WTC

AU$128.10

WiseTech Global

7D

5.2%

1Y

93.6%

ANZ

AU$31.17

ANZ Group Holdings

7D

-3.4%

1Y

27.6%

WES

AU$71.83

Wesfarmers

7D

1.3%

1Y

37.6%

Does Wesfarmers (ASX:WES) Have A Healthy Balance Sheet?

Nov 22
Does Wesfarmers (ASX:WES) Have A Healthy Balance Sheet?

BHP

AU$40.57

BHP Group

7D

1.0%

1Y

-12.5%

Little Excitement Around BHP Group Limited's (ASX:BHP) Earnings

Nov 22
Little Excitement Around BHP Group Limited's (ASX:BHP) Earnings

PLS

AU$2.39

Pilbara Minerals

7D

-8.4%

1Y

-33.8%

WDS

AU$24.51

Woodside Energy Group

7D

-2.2%

1Y

-20.5%

Woodside Energy Group Ltd's (ASX:WDS) Earnings Are Not Doing Enough For Some Investors

Nov 21
Woodside Energy Group Ltd's (ASX:WDS) Earnings Are Not Doing Enough For Some Investors

360

AU$25.30

Life360

7D

20.5%

1Y

229.9%

NAB

AU$39.10

National Australia Bank

7D

-2.4%

1Y

37.5%

National Australia Bank's (ASX:NAB) Shareholders Will Receive A Bigger Dividend Than Last Year

Nov 09
National Australia Bank's (ASX:NAB) Shareholders Will Receive A Bigger Dividend Than Last Year

CSL

AU$282.22

CSL

7D

2.1%

1Y

7.4%

STO

AU$6.61

Santos

7D

-4.5%

1Y

-4.2%

YAL

AU$6.18

Yancoal Australia

7D

-6.9%

1Y

24.8%

FMG

AU$18.99

Fortescue

7D

3.7%

1Y

-24.6%

We Think The Compensation For Fortescue Ltd's (ASX:FMG) CEO Looks About Right

Oct 30
We Think The Compensation For Fortescue Ltd's (ASX:FMG) CEO Looks About Right

CBA

AU$158.58

Commonwealth Bank of Australia

7D

-0.3%

1Y

52.2%