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Australian (ASX) Market Analysis & Valuation

UpdatedAug 20, 2025
DataAggregated Company Financials
Companies1581
  • 7D0.3%
  • 3M6.7%
  • 1Y11.3%
  • YTD8.2%

In the last week, the market has been flat, with a notable exception in the Healthcare sector dropping 6.4%. More promisingly, the market is up 11% over the past year. Earnings are forecast to grow by 11% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 Aug 2025AU$3.0tAU$1.2tAU$103.0b19x29.2x2.5x
Fri, 18 Jul 2025AU$2.9tAU$1.2tAU$102.8b18.4x28.3x2.4x
Sun, 15 Jun 2025AU$2.9tAU$1.2tAU$102.7b18.1x27.8x2.4x
Tue, 13 May 2025AU$2.8tAU$1.2tAU$103.7b17.9x26.5x2.3x
Thu, 10 Apr 2025AU$2.5tAU$1.2tAU$106.8b16.3x23x2x
Sat, 08 Mar 2025AU$2.7tAU$1.2tAU$104.8b17.8x25.3x2.2x
Mon, 03 Feb 2025AU$2.8tAU$1.2tAU$90.2b19.8x31.3x2.4x
Wed, 01 Jan 2025AU$2.7tAU$1.2tAU$90.1b19.9x30x2.3x
Fri, 29 Nov 2024AU$2.8tAU$1.2tAU$88.4b19.2x31.5x2.4x
Sun, 27 Oct 2024AU$2.7tAU$1.2tAU$88.3b19.9x30.7x2.3x
Tue, 24 Sep 2024AU$2.7tAU$1.2tAU$87.7b19.4x30.9x2.3x
Thu, 22 Aug 2024AU$2.6tAU$1.1tAU$89.3b20.1x29.6x2.3x
Sat, 20 Jul 2024AU$2.6tAU$1.2tAU$91.2b19.2x29x2.3x
Mon, 17 Jun 2024AU$2.6tAU$1.2tAU$92.4b18.9x27.9x2.2x
Wed, 15 May 2024AU$2.6tAU$1.2tAU$93.1b19.6x27.7x2.2x
Fri, 12 Apr 2024AU$2.6tAU$1.2tAU$95.1b20.4x27.4x2.2x
Sun, 10 Mar 2024AU$2.6tAU$1.2tAU$96.5b19.6x27.2x2.2x
Tue, 06 Feb 2024AU$2.5tAU$1.2tAU$118.2b19x21.5x2.2x
Thu, 04 Jan 2024AU$2.5tAU$1.2tAU$115.1b18.8x22x2.2x
Sat, 02 Dec 2023AU$2.4tAU$1.2tAU$115.9b18x20.4x2x
Mon, 30 Oct 2023AU$2.3tAU$1.2tAU$119.8b17.4x19.2x1.9x
Wed, 27 Sep 2023AU$2.4tAU$1.2tAU$120.3b17.7x19.8x2x
Fri, 25 Aug 2023AU$2.4tAU$1.2tAU$124.6b17.4x19.4x2.1x
Sun, 23 Jul 2023AU$2.5tAU$1.2tAU$144.9b16.6x17x2.1x
Tue, 20 Jun 2023AU$2.4tAU$1.2tAU$143.8b16x17x2.1x
Thu, 18 May 2023AU$2.4tAU$1.2tAU$145.8b16.3x16.5x2.1x
Sat, 15 Apr 2023AU$2.5tAU$1.2tAU$143.6b16.1x17.2x2.1x
Mon, 13 Mar 2023AU$2.4tAU$1.2tAU$145.1b16x16.5x2.1x
Wed, 08 Feb 2023AU$2.5tAU$1.1tAU$147.3b16.2x17.1x2.3x
Fri, 06 Jan 2023AU$2.4tAU$1.1tAU$148.0b14.9x16x2.2x
Sun, 04 Dec 2022AU$2.5tAU$1.1tAU$148.8b14.9x16.5x2.3x
Tue, 01 Nov 2022AU$2.3tAU$1.1tAU$150.9b14.5x15.4x2.1x
Thu, 29 Sep 2022AU$2.2tAU$1.1tAU$150.4b13.9x14.5x2x
Sat, 27 Aug 2022AU$2.4tAU$1.1tAU$141.7b15.4x17x2.3x
Price to Earnings Ratio

17x


Total Market Cap: AU$2.4tTotal Earnings: AU$141.7bTotal Revenue: AU$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 23.1x202320242025
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 29.2x which is higher than its 3-year average PE of 23.1x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 10% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.0% 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 Market0.32%
Telecom2.60%
Materials1.91%
Consumer Discretionary1.61%
Real Estate1.40%
Consumer Staples1.20%
Financials0.72%
Tech0.55%
Utilities0.40%
Industrials0.34%
Energy-3.09%
Healthcare-6.40%
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 21.5%, which is higher than its past year's earnings growth of 15.5% per year.
  • The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 12.1x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 16% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 4.5% 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
WBC Westpac BankingAU$38.2312.8%
+AU$14.8b		26.3%PB1.8xFinancials
NAB National Australia BankAU$42.0310.1%
+AU$11.8b		14.2%PB2.1xFinancials
CBA Commonwealth Bank of AustraliaAU$172.401.9%
+AU$5.5b		26.7%PB3.7xFinancials
WES WesfarmersAU$92.475.0%
+AU$5.0b		23.6%PE40.4xConsumer Discretionary
ANZ ANZ Group HoldingsAU$33.414.8%
+AU$4.6b		11.6%PB1.4xFinancials
See more

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YAL
AU$6.22
Yancoal Australia
7D
-7.2%
1Y
4.5%
CSL
AU$225.50
CSL
7D
-14.7%
1Y
-26.8%
BHP
AU$42.12
BHP Group
7D
2.1%
1Y
4.6%
COH
AU$298.06
Cochlear
7D
-4.4%
1Y
-3.9%

New Cochlear Implant Launch And Market Expansion Will Strengthen Future Prospects

Cochlear’s consensus price target has been revised upward, primarily reflecting improved revenue growth forecasts and a slight increase in net profit margin, resulting in a new fair value estimate of A$309.91. What's in the News FDA approved Cochlear’s Nucleus Nexa System, the first smart cochlear implant system with upgradeable firmware, allowing recipients to access future innovations through both the implant and sound processor.
LYC
AU$15.09
Lynas Rare Earths
7D
14.2%
1Y
138.0%
CPU
AU$38.73
Computershare
7D
-6.2%
1Y
38.3%
AGL
AU$8.67
AGL Energy
7D
-15.2%
1Y
-27.8%

AGL Energy (ASX:AGL) Is Due To Pay A Dividend Of A$0.25

Aug 17
AGL Energy (ASX:AGL) Is Due To Pay A Dividend Of A$0.25
WBC
AU$37.31
Westpac Banking
7D
7.7%
1Y
23.1%

Rising Tech Costs And Competition Will Pressure Bank Earnings In Australia

The upward revision in Westpac Banking’s consensus price target reflects improved revenue growth forecasts and a higher future P/E multiple, raising fair value from A$28.65 to A$30.17. What's in the News Westpac Banking is rumored to be a leading contender to acquire HSBC's Australian retail banking arm, which may be valued in the billions of dollars and includes approximately $40 billion in loans and $30 billion in deposits.
REA
AU$261.24
REA Group
7D
5.7%
1Y
21.3%
PME
AU$318.00
Pro Medicus
7D
4.9%
1Y
113.0%
CBA
AU$171.05
Commonwealth Bank of Australia
7D
-4.3%
1Y
22.5%
MQG
AU$218.77
Macquarie Group
7D
2.1%
1Y
4.1%
NAB
AU$40.54
National Australia Bank
7D
3.4%
1Y
9.9%
ANZ
AU$32.77
ANZ Group Holdings
7D
2.6%
1Y
9.5%
WDS
AU$26.14
Woodside Energy Group
7D
-3.3%
1Y
-0.5%
STO
AU$7.75
Santos
7D
-2.3%
1Y
-0.9%