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Australian (ASX) Market Analysis & Valuation

UpdatedMay 10, 2024
DataAggregated Company Financials
Companies1685
  • 7D1.8%
  • 3M1.2%
  • 1Y7.0%
  • YTD1.4%

The market is up 1.8% in the last 7 days, led by the Materials and all sectors gaining ground. The market is up 7.0% over the last 12 months. Earnings are forecast to grow by 13% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 May 2024AU$2.6tAU$1.2tAU$93.3b19.7x27.6x2.2x
Sun, 07 Apr 2024AU$2.6tAU$1.2tAU$94.9b20.2x27.4x2.2x
Tue, 05 Mar 2024AU$2.6tAU$1.2tAU$97.0b19.7x26.7x2.2x
Thu, 01 Feb 2024AU$2.6tAU$1.2tAU$115.6b19.1x22.2x2.2x
Sat, 30 Dec 2023AU$2.6tAU$1.2tAU$114.6b18.8x22.3x2.2x
Mon, 27 Nov 2023AU$2.4tAU$1.2tAU$116.1b17.9x20.3x2x
Wed, 25 Oct 2023AU$2.3tAU$1.2tAU$119.6b17.6x19.4x1.9x
Fri, 22 Sep 2023AU$2.4tAU$1.2tAU$120.2b17.7x19.8x2x
Sun, 20 Aug 2023AU$2.4tAU$1.2tAU$141.5b16.9x17x2x
Tue, 18 Jul 2023AU$2.5tAU$1.2tAU$144.1b16.5x17x2.1x
Thu, 15 Jun 2023AU$2.4tAU$1.2tAU$144.3b16x16.6x2.1x
Sat, 13 May 2023AU$2.4tAU$1.2tAU$145.6b16.3x16.7x2.1x
Mon, 10 Apr 2023AU$2.4tAU$1.2tAU$144.7b15.9x16.7x2.1x
Wed, 08 Mar 2023AU$2.5tAU$1.2tAU$143.9b16.5x17.1x2.1x
Fri, 03 Feb 2023AU$2.5tAU$1.1tAU$145.5b16.4x17.4x2.3x
Sun, 01 Jan 2023AU$2.4tAU$1.1tAU$148.3b14.8x15.9x2.2x
Tue, 29 Nov 2022AU$2.4tAU$1.1tAU$149.2b14.8x16.3x2.2x
Thu, 27 Oct 2022AU$2.3tAU$1.1tAU$150.3b14.6x15.3x2.1x
Sat, 24 Sep 2022AU$2.2tAU$1.1tAU$148.8b14.1x15x2.1x
Mon, 22 Aug 2022AU$2.4tAU$1.0tAU$143.9b15.4x16.7x2.3x
Wed, 20 Jul 2022AU$2.3tAU$1.0tAU$133.5b14.7x16.9x2.2x
Fri, 17 Jun 2022AU$2.2tAU$1.0tAU$133.7b14.9x16.4x2.1x
Sun, 15 May 2022AU$2.4tAU$1.1tAU$134.0b16.2x18.2x2.3x
Tue, 12 Apr 2022AU$2.6tAU$1.0tAU$128.9b17.3x20.1x2.5x
Thu, 10 Mar 2022AU$2.5tAU$1.0tAU$130.6b17.8x19.3x2.4x
Sat, 05 Feb 2022AU$2.5tAU$978.9bAU$104.9b18.3x24.2x2.6x
Mon, 03 Jan 2022AU$2.6tAU$973.8bAU$103.7b19.4x25.5x2.7x
Wed, 01 Dec 2021AU$2.5tAU$979.0bAU$102.4b12.6x24.9x2.6x
Fri, 29 Oct 2021AU$2.6tAU$954.6bAU$95.3b19.8x27.3x2.7x
Sun, 26 Sep 2021AU$2.6tAU$961.2bAU$95.7b19.1x26.7x2.7x
Tue, 24 Aug 2021AU$2.6tAU$949.7bAU$96.9b18.3x26.6x2.7x
Wed, 30 Jun 2021AU$2.5tAU$945.8bAU$96.5b17.7x25.9x2.6x
Price to Earnings Ratio

34.6x


Total Market Cap: AU$2.4tTotal Earnings: AU$70.4bTotal Revenue: AU$901.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 20.8x202220232024
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 27.6x which is higher than its 3-year average PE of 20.8x.
Past Earnings Growth
  • The earnings for Australian listed companies have grown 9.8% per year over the last three years.
  • Revenues for these companies have grown 8.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Australian Market?

AU Market1.77%
Utilities5.19%
Real Estate3.66%
Tech3.54%
Energy3.04%
Telecom2.20%
Materials1.85%
Industrials1.82%
Healthcare1.20%
Financials1.05%
Consumer Staples0.92%
Consumer Discretionary0.90%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 60.9x.
    • Analysts expect its future annual earnings growth (17.5%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 13% 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
CBA Commonwealth Bank of AustraliaAU$117.542.0%
+AU$3.9b		18.8%PB2.7xFinancials
MQG Macquarie GroupAU$193.275.1%
+AU$3.4b		7.9%PE20.8xFinancials
WDS Woodside Energy GroupAU$28.634.9%
+AU$2.6b		-14.9%PE21.6xEnergy
BHP BHP GroupAU$42.911.2%
+AU$2.5b		-1.3%PE19.4xMaterials
GMG Goodman GroupAU$33.653.1%
+AU$1.9b		66.9%PB3.6xReal Estate
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