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Australian (ASX) Market Analysis & Valuation

UpdatedOct 31, 2024
DataAggregated Company Financials
Companies1638
  • 7D-0.5%
  • 3M0.9%
  • 1Y19.4%
  • YTD6.8%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 3.1% in that time. As for the longer term, the market has risen 19% in the past 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Market Valuation and Performance

Has the Australian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 31 Oct 2024AU$2.7tAU$1.2tAU$88.5b19.8x30.5x2.3x
Sat, 28 Sep 2024AU$2.7tAU$1.2tAU$87.1b19.6x31.2x2.4x
Mon, 26 Aug 2024AU$2.6tAU$1.2tAU$87.8b19.4x30.1x2.3x
Wed, 24 Jul 2024AU$2.6tAU$1.2tAU$91.5b19.3x28.9x2.3x
Fri, 21 Jun 2024AU$2.6tAU$1.2tAU$92.1b18.9x28.2x2.2x
Sun, 19 May 2024AU$2.6tAU$1.2tAU$92.3b19.4x28.2x2.2x
Tue, 16 Apr 2024AU$2.6tAU$1.2tAU$95.4b20.2x27.1x2.2x
Thu, 14 Mar 2024AU$2.6tAU$1.2tAU$96.2b19.5x26.9x2.2x
Sat, 10 Feb 2024AU$2.5tAU$1.2tAU$119.2b19.1x21.4x2.2x
Mon, 08 Jan 2024AU$2.5tAU$1.2tAU$114.6b18.7x21.9x2.1x
Wed, 06 Dec 2023AU$2.4tAU$1.2tAU$116.4b17.7x20.3x2x
Fri, 03 Nov 2023AU$2.3tAU$1.2tAU$119.0b17.9x19.6x2x
Sun, 01 Oct 2023AU$2.4tAU$1.2tAU$119.3b18.2x20x2x
Tue, 29 Aug 2023AU$2.4tAU$1.2tAU$123.8b17.1x19.5x2x
Thu, 27 Jul 2023AU$2.5tAU$1.2tAU$144.5b16.7x17.2x2.1x
Sat, 24 Jun 2023AU$2.4tAU$1.2tAU$145.2b15.9x16.4x2x
Mon, 22 May 2023AU$2.4tAU$1.2tAU$145.6b16.2x16.7x2.1x
Wed, 19 Apr 2023AU$2.5tAU$1.2tAU$144.0b16.1x17.2x2.1x
Fri, 17 Mar 2023AU$2.3tAU$1.2tAU$144.2b15.9x16.2x2x
Sun, 12 Feb 2023AU$2.5tAU$1.1tAU$144.6b16.4x17.3x2.3x
Tue, 10 Jan 2023AU$2.4tAU$1.1tAU$147.3b15.2x16.3x2.2x
Thu, 08 Dec 2022AU$2.4tAU$1.1tAU$149.5b14.6x16.2x2.2x
Sat, 05 Nov 2022AU$2.3tAU$1.1tAU$152.0b14.7x15.3x2.1x
Mon, 03 Oct 2022AU$2.2tAU$1.1tAU$150.2b14.4x14.6x2x
Wed, 31 Aug 2022AU$2.4tAU$1.1tAU$144.1b15.2x16.5x2.2x
Fri, 29 Jul 2022AU$2.3tAU$1.0tAU$132.6b14.8x17.4x2.3x
Sun, 26 Jun 2022AU$2.2tAU$1.0tAU$133.8b15x16.7x2.1x
Tue, 24 May 2022AU$2.5tAU$1.0tAU$133.5b16.2x18.5x2.4x
Thu, 21 Apr 2022AU$2.6tAU$1.0tAU$129.0b17.6x20.3x2.5x
Sat, 19 Mar 2022AU$2.6tAU$1.0tAU$129.8b17.9x20x2.5x
Mon, 14 Feb 2022AU$2.6tAU$982.5bAU$111.5b18.6x23x2.6x
Wed, 12 Jan 2022AU$2.6tAU$976.9bAU$104.3b19.4x25.2x2.7x
Fri, 10 Dec 2021AU$2.6tAU$976.5bAU$102.2b18.8x25.3x2.7x
Sun, 07 Nov 2021AU$2.6tAU$963.4bAU$98.1b19.8x26.7x2.7x
Price to Earnings Ratio

26.7x


Total Market Cap: AU$2.6tTotal Earnings: AU$98.1bTotal Revenue: AU$963.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 21.1x202220232024
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 30.5x which is higher than its 3-year average PE of 21.1x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 3.4% 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 Market-0.48%
Tech3.13%
Telecom0.072%
Financials0.041%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Materials-0.0032%
Real Estate-0.39%
Healthcare-0.66%
Consumer Discretionary-1.34%
Energy-1.77%
Utilities-1.83%
Industrials-2.47%
Consumer Staples-4.12%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 65.8x.
    • Analysts are expecting annual earnings growth of 18.3%, which is lower than the prior year's growth of 23.5% 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 8.0% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 9.1% 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
WTC WiseTech GlobalAU$118.2819.0%
+AU$6.3b
97.2%PE149.3xTech
ALL Aristocrat LeisureAU$61.527.2%
+AU$2.6b
57.3%PE25.6xConsumer Discretionary
BHP BHP GroupAU$42.640.9%
+AU$2.0b
-6.0%PE18xMaterials
GMG Goodman GroupAU$36.641.9%
+AU$1.3b
69.1%PB4xReal Estate
PME Pro MedicusAU$194.834.6%
+AU$901.8m
143.9%PE245.9xHealthcare
See more
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WOW

AU$29.96

Woolworths Group

7D

-9.8%

1Y

-14.6%

HMC

AU$10.17

HMC Capital

7D

10.4%

1Y

128.5%

TCL

AU$12.71

Transurban Group

7D

-2.8%

1Y

5.4%

MIN

AU$39.40

Mineral Resources

7D

9.7%

1Y

-33.9%

CSL

AU$286.95

CSL

7D

-2.3%

1Y

20.5%

WDS

AU$23.78

Woodside Energy Group

7D

-2.2%

1Y

-29.7%

CBA

AU$142.75

Commonwealth Bank of Australia

7D

-0.5%

1Y

45.0%

PME

AU$194.83

Pro Medicus

7D

4.6%

1Y

143.9%

ANZ

AU$31.15

ANZ Group Holdings

7D

-1.8%

1Y

22.8%

GMG

AU$36.64

Goodman Group

7D

1.9%

1Y

69.1%