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Australian (ASX) Market Analysis & Valuation

UpdatedDec 04, 2025
DataAggregated Company Financials
Companies1560
  • 7D0.01%
  • 3M-2.3%
  • 1Y1.7%
  • YTD4.8%

In the last week, the market has stayed flat, however the Materials sector stood out, gaining 3.4%. As for the longer term, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Dec 2025AU$2.9tAU$1.2tAU$110.0b21.5x26.5x2.4x
Sat, 01 Nov 2025AU$3.0tAU$1.2tAU$110.5b21.7x27.2x2.5x
Mon, 29 Sep 2025AU$3.0tAU$1.2tAU$111.0b20.9x26.7x2.5x
Wed, 27 Aug 2025AU$3.0tAU$1.2tAU$105.8b19x28.5x2.5x
Fri, 25 Jul 2025AU$2.9tAU$1.2tAU$101.9b19x28.8x2.4x
Sun, 22 Jun 2025AU$2.8tAU$1.2tAU$102.7b17.9x27.7x2.3x
Tue, 20 May 2025AU$2.8tAU$1.2tAU$102.8b17.8x26.9x2.3x
Thu, 17 Apr 2025AU$2.6tAU$1.2tAU$104.3b17.1x24.8x2.1x
Sat, 15 Mar 2025AU$2.6tAU$1.2tAU$105.0b17.6x24.7x2.1x
Mon, 10 Feb 2025AU$2.8tAU$1.2tAU$91.9b19.7x30.7x2.4x
Wed, 08 Jan 2025AU$2.7tAU$1.2tAU$89.7b19.8x30.6x2.3x
Fri, 06 Dec 2024AU$2.8tAU$1.2tAU$88.7b20.3x31.6x2.4x
Sun, 03 Nov 2024AU$2.7tAU$1.2tAU$88.7b19.5x30.2x2.3x
Tue, 01 Oct 2024AU$2.7tAU$1.2tAU$86.9b19.7x31.5x2.4x
Thu, 29 Aug 2024AU$2.7tAU$1.2tAU$87.5b19.2x30.4x2.3x
Sat, 27 Jul 2024AU$2.6tAU$1.2tAU$92.0b19.2x28.5x2.3x
Mon, 24 Jun 2024AU$2.6tAU$1.2tAU$92.1b18.9x28.2x2.2x
Wed, 22 May 2024AU$2.6tAU$1.2tAU$91.9b19.7x28.5x2.3x
Fri, 19 Apr 2024AU$2.5tAU$1.2tAU$95.9b19.8x26.6x2.2x
Sun, 17 Mar 2024AU$2.6tAU$1.2tAU$96.5b19.4x26.5x2.2x
Tue, 13 Feb 2024AU$2.5tAU$1.2tAU$119.1b19x21.3x2.2x
Thu, 11 Jan 2024AU$2.5tAU$1.2tAU$114.6b18.7x21.8x2.1x
Sat, 09 Dec 2023AU$2.4tAU$1.2tAU$116.1b18x20.7x2.1x
Mon, 06 Nov 2023AU$2.4tAU$1.2tAU$117.5b17.8x20x2x
Wed, 04 Oct 2023AU$2.4tAU$1.2tAU$119.8b17.6x19.8x2x
Fri, 01 Sep 2023AU$2.5tAU$1.2tAU$119.2b18x20.7x2.1x
Sun, 30 Jul 2023AU$2.5tAU$1.2tAU$145.4b16.9x17.1x2.1x
Tue, 27 Jun 2023AU$2.4tAU$1.1tAU$144.5b15.9x16.3x2x
Thu, 25 May 2023AU$2.4tAU$1.2tAU$146.5b16x16.4x2.1x
Sat, 22 Apr 2023AU$2.5tAU$1.2tAU$144.2b16.2x17.1x2.1x
Mon, 20 Mar 2023AU$2.2tAU$1.1tAU$133.7b15.9x16.3x2x
Wed, 15 Feb 2023AU$2.5tAU$1.1tAU$143.9b16.3x17.3x2.3x
Fri, 13 Jan 2023AU$2.4tAU$1.1tAU$147.3b15.7x16.6x2.3x
Sun, 11 Dec 2022AU$2.4tAU$1.1tAU$148.7b14.8x16.3x2.2x
Price to Earnings Ratio

16.3x


Total Market Cap: AU$2.4tTotal Earnings: AU$148.7bTotal Revenue: AU$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 24.2x202320242025
Current Market PE
  • Investors are relatively neutral on the Australian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 24.2x.
Past Earnings Growth
  • The earnings for Australian listed companies have declined 9.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.4% 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 Market0.015%
Materials2.07%
Utilities1.72%
Tech1.06%
Energy0.92%
Consumer Staples0.89%
Real Estate0.53%
Consumer Discretionary0.30%
Industrials-0.70%
Telecom-0.95%
Financials-1.24%
Healthcare-1.55%
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 22.8%, which is higher than its past year's earnings growth of 15.6% 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 12.5x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 23% 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 5.7% 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
BHP BHP GroupAU$44.506.6%
+AU$14.0b		9.6%PE16.5xMaterials
WTC WiseTech GlobalAU$73.805.9%
+AU$1.4b		-44.1%PE80.9xTech
S32 South32AU$3.519.0%
+AU$1.3b		-5.1%PE32.7xMaterials
WOW Woolworths GroupAU$29.393.5%
+AU$1.2b		-2.7%PE37.3xConsumer Staples
FMG FortescueAU$21.631.5%
+AU$1.0b		9.7%PE13xMaterials
See more

Market Insights

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Richard Bowman
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In this piece, we’ll cover the key defensive sectors across the US, Canada, the UK, Europe, and Australia, compare their valuations to the broader market, and highlight where “safety” might actually be expensive risk in disguise.
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S32
AU$3.51
South32
7D
9.0%
1Y
-5.1%
SUN
AU$16.93
Suncorp Group
7D
-7.0%
1Y
-27.1%

SUN: Fair Value Outlook Will Remain Robust As Key Metrics Hold Steady

Analysts have lowered their price target for Suncorp Group from $21.69 to $20.66, reflecting an updated outlook that incorporates slightly reduced revenue growth expectations as well as minor adjustments to profit margin and future earnings projections. Valuation Changes The Fair Value Estimate has decreased from A$21.69 to A$20.66, reflecting a modest downward revision.
NST
AU$26.09
Northern Star Resources
7D
-3.2%
1Y
57.8%

NST: Higher Gold Prices And Stake Sale Will Guide Future Performance

Northern Star Resources' analyst price target has increased from A$18 to A$22, as analysts cite improved gold prices along with stronger expected margins and growth. Analyst Commentary Analysts have provided updated perspectives on Northern Star Resources in light of recent market developments.
REA
AU$191.82
REA Group
7D
-3.4%
1Y
-24.8%

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WTC
AU$73.80
WiseTech Global
7D
5.9%
1Y
-44.1%

WTC: Long-Term Asset Expansion Will Support Share Price Appreciation

Analysts have lowered their price target for WiseTech Global from $119.24 to $113.39, citing slightly slower expected revenue growth and modestly reduced profit margins in their updated outlook. Analyst Commentary Analysts have delivered a mixed outlook on WiseTech Global following their latest research updates, with viewpoints on both upside potential and existing risks guiding recent price target revisions.
WDS
AU$25.55
Woodside Energy Group
7D
2.1%
1Y
3.9%

WDS: Upcoming LNG Agreements And Rate Cuts Will Drive Earnings Momentum

Woodside Energy Group's analyst price target has been revised upward from $27.61 to $27.90 as analysts cite slightly improved earnings projections and a stable sector outlook as supporting factors. Analyst Commentary Recent analyst evaluations of Woodside Energy Group have led to an increased price target, reflecting evolving perspectives on the company's fundamentals and external environment.
BHP
AU$44.50
BHP Group
7D
6.6%
1Y
9.6%

BHP: Sector Volatility And Legal Risks Will Influence Performance Outlook

Analysts have slightly increased their target fair value for BHP Group, raising it from $44.73 to $45.21. They cite modest improvements in projected revenue growth and valuation outlook as the reasons for this adjustment.
WES
AU$82.01
Wesfarmers
7D
0.7%
1Y
10.0%

WES: Special Dividends And Cost Controls Will Guide Performance Amid Uncertainty

Wesfarmers' fair value estimate has been trimmed by analysts from $81.25 to $80.82. This slight decline reflects more cautious assumptions around discount rates, revenue growth, and profit margins.
ANZ
AU$35.32
ANZ Group Holdings
7D
0.7%
1Y
13.3%

ANZ: Profit Margins And Cost Controls Will Drive Performance Amid Sector Challenges

Analysts have increased their price target for ANZ Group Holdings to $35.17 from $34.24, citing improved profit margins and expectations for continued operational efficiency, even though revenue growth forecasts are slightly slower. Analyst Commentary Recent research updates reflect a mix of optimism and caution regarding ANZ Group Holdings' prospects.
CBA
AU$153.22
Commonwealth Bank of Australia
7D
-0.7%
1Y
-3.0%
SIG
AU$2.76
Sigma Healthcare
7D
-4.5%
1Y
n/a
BXB
AU$23.42
Brambles
7D
-2.5%
1Y
19.7%

BXB: Recent Modest Fair Value Shift Will Support A Balanced Medium-Term Outlook

Analysts have slightly increased their price target for Brambles from $25.33 to $25.40, citing modest improvements in future valuation metrics as well as a marginally higher discount rate. Valuation Changes Fair Value: Increased marginally from A$25.33 to A$25.40.
FMG
AU$21.63
Fortescue
7D
1.5%
1Y
9.7%

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Analysts have raised their price target for Fortescue slightly, increasing it to approximately A$18.99 per share from A$18.93. This adjustment follows minor revisions to revenue growth and profit margin forecasts based on their review of recent results.
WBC
AU$37.66
Westpac Banking
7D
-0.6%
1Y
13.3%
PME
AU$251.83
Pro Medicus
7D
-5.6%
1Y
-6.0%

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WOW
AU$29.39
Woolworths Group
7D
3.5%
1Y
-2.7%