Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

New Zealand (NZX) Market Analysis & Valuation

UpdatedMar 12, 2025
DataAggregated Company Financials
Companies109
  • 7D-0.7%
  • 3M-2.1%
  • 1Y2.5%
  • YTD-3.8%

Over the last 7 days, the market has remained flat, although notably the Energy sector gained 4.2% in that time. In line with that, the market has also been flat over the past year. Looking forward, earnings are forecast to grow by 29% annually.

Trending IndustriesSoftware

Market Valuation and Performance

Has the New Zealand Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Mar 2025NZ$164.6bNZ$114.0bNZ$2.6b19.5x63.9x1.4x
Fri, 07 Feb 2025NZ$169.9bNZ$113.6bNZ$3.2b19.8x53.9x1.5x
Sun, 05 Jan 2025NZ$171.1bNZ$113.7bNZ$3.1b20.2x54.6x1.5x
Tue, 03 Dec 2024NZ$172.3bNZ$113.6bNZ$3.1b19.9x54.9x1.5x
Thu, 31 Oct 2024NZ$169.3bNZ$112.8bNZ$4.3b19.3x39.5x1.5x
Sat, 28 Sep 2024NZ$164.3bNZ$112.3bNZ$4.4b19.1x37.5x1.5x
Mon, 26 Aug 2024NZ$164.6bNZ$111.9bNZ$4.4b20.6x37.1x1.5x
Wed, 24 Jul 2024NZ$163.5bNZ$110.8bNZ$4.7b17.2x35x1.5x
Fri, 21 Jun 2024NZ$156.4bNZ$109.6bNZ$4.3b14.6x36.3x1.4x
Sun, 19 May 2024NZ$154.0bNZ$110.0bNZ$5.9b15.4x25.9x1.4x
Tue, 16 Apr 2024NZ$156.0bNZ$110.0bNZ$5.8b16.8x26.8x1.4x
Thu, 14 Mar 2024NZ$155.8bNZ$111.2bNZ$5.7b16.8x27.1x1.4x
Sat, 10 Feb 2024NZ$158.0bNZ$109.1bNZ$6.6b14.1x23.8x1.4x
Mon, 08 Jan 2024NZ$157.7bNZ$109.3bNZ$6.6b15.8x23.7x1.4x
Wed, 06 Dec 2023NZ$152.0bNZ$109.2bNZ$6.6b15.5x22.9x1.4x
Fri, 03 Nov 2023NZ$148.1bNZ$109.3bNZ$5.8b16.4x25.4x1.4x
Sun, 01 Oct 2023NZ$152.2bNZ$110.2bNZ$5.9b16.7x26x1.4x
Tue, 29 Aug 2023NZ$156.7bNZ$110.7bNZ$6.3b16.7x24.9x1.4x
Thu, 27 Jul 2023NZ$164.0bNZ$108.3bNZ$6.6b17x24.7x1.5x
Sat, 24 Jun 2023NZ$161.5bNZ$108.4bNZ$6.6b16.1x24.4x1.5x
Mon, 22 May 2023NZ$165.3bNZ$107.3bNZ$7.3b15.5x22.8x1.5x
Wed, 19 Apr 2023NZ$162.2bNZ$107.4bNZ$7.6b15.3x21.4x1.5x
Fri, 17 Mar 2023NZ$160.5bNZ$104.9bNZ$7.3b16x21.9x1.5x
Sun, 12 Feb 2023NZ$166.9bNZ$100.5bNZ$6.6b17.1x25.2x1.7x
Tue, 10 Jan 2023NZ$159.9bNZ$100.3bNZ$6.6b15.8x24.2x1.6x
Thu, 08 Dec 2022NZ$159.6bNZ$100.1bNZ$6.6b16.3x24.1x1.6x
Sat, 05 Nov 2022NZ$156.3bNZ$99.3bNZ$7.9b16.7x19.9x1.6x
Mon, 03 Oct 2022NZ$154.8bNZ$99.9bNZ$7.9b17x19.7x1.5x
Wed, 31 Aug 2022NZ$163.5bNZ$97.8bNZ$7.6b17.8x21.4x1.7x
Fri, 29 Jul 2022NZ$157.9bNZ$96.5bNZ$8.3b19x18.9x1.6x
Sun, 26 Jun 2022NZ$153.5bNZ$96.3bNZ$8.4b17.7x18.4x1.6x
Tue, 24 May 2022NZ$162.1bNZ$99.6bNZ$8.7b17.1x18.6x1.6x
Thu, 21 Apr 2022NZ$169.9bNZ$100.5bNZ$8.7b18.3x19.5x1.7x
Sat, 19 Mar 2022NZ$172.7bNZ$100.2bNZ$8.8b16x19.6x1.7x
Price to Earnings Ratio

19.6x


Total Market Cap: NZ$172.7bTotal Earnings: NZ$8.8bTotal Revenue: NZ$100.2bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Market Price to Earnings3Y Average 28.5x202320242025
Current Market PE
  • Investors are optimistic on the New Zealander market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 63.9x which is higher than its 3-year average PE of 28.5x.
Past Earnings Growth
  • The earnings for New Zealander listed companies have declined 34% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.4% 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 New Zealand Market?

NZ Market-0.70%
Energy4.21%
Consumer Staples1.82%
Healthcare1.43%
Consumer Discretionary0.68%
Financials-0.28%
Tech-0.29%
Real Estate-0.57%
Telecom-0.90%
Industrials-2.11%
Materials-2.15%
Utilities-2.73%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 38.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.7% which is higher than its past year's earnings decline of 40.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 85% over the next 5 years.
  • In contrast, the Energy sector is expected to see its earnings grow by 14% 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
FCG Fonterra Co-operative GroupNZ$4.853.4%
+NZ$256.7m		108.2%PE6.7xConsumer Staples
VCT VectorNZ$4.142.0%
+NZ$80.0m		10.1%PE23.4xUtilities
IFT InfratilNZ$10.270.4%
+NZ$38.7m		-2.6%PS2.7xFinancials
FRW Freightways GroupNZ$11.191.7%
+NZ$34.0m		35.0%PE26.8xIndustrials
AIR Air New ZealandNZ$0.631.6%
+NZ$33.7m		6.8%PE17.3xIndustrials
See more
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlans & PricingLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

Header cover image

🚗 Automakers Caught In The Tariff Crossfire

Richard Bowman avatar
Richard Bowman
|
|

5 comments

Talk about chaotic markets. Donald Trump’s on-again off-again tariffs on imports from Canada and Mexico caused markets to see-saw last week. Regardless of what happens next, the uncertainty could now...
Continue reading
The Nuances And Headwinds To ESG Investing
Last Week

The Nuances And Headwinds To ESG Investing

Latest News

AIA

NZ$7.90

Auckland International Airport

7D

-1.9%

1Y

-3.2%

NZX

NZ$1.60

NZX

7D

3.9%

1Y

56.9%

BGP

NZ$4.60

Briscoe Group

7D

2.2%

1Y

-0.9%

FCG

NZ$4.85

Fonterra Co-operative Group

7D

3.4%

1Y

108.2%

CHI

NZ$1.95

Channel Infrastructure NZ

7D

3.2%

1Y

36.4%

SUM

NZ$11.75

Summerset Group Holdings

7D

-2.3%

1Y

6.8%

Weak Statutory Earnings May Not Tell The Whole Story For Summerset Group Holdings (NZSE:SUM)

Mar 06
Weak Statutory Earnings May Not Tell The Whole Story For Summerset Group Holdings (NZSE:SUM)

POT

NZ$6.60

Port of Tauranga

7D

-1.8%

1Y

26.9%

VCT

NZ$4.14

Vector

7D

2.0%

1Y

10.1%

IFT

NZ$10.27

Infratil

7D

0.4%

1Y

-2.6%

MCY

NZ$5.70

Mercury NZ

7D

-1.9%

1Y

-16.8%

AIR

NZ$0.63

Air New Zealand

7D

1.6%

1Y

6.8%

FPH

NZ$33.32

Fisher & Paykel Healthcare

7D

-3.9%

1Y

35.7%

We Think Fisher & Paykel Healthcare (NZSE:FPH) Can Stay On Top Of Its Debt

Feb 22
We Think Fisher & Paykel Healthcare (NZSE:FPH) Can Stay On Top Of Its Debt

EBO

NZ$36.66

EBOS Group

7D

-3.2%

1Y

-1.3%

Analyst Estimates: Here's What Brokers Think Of EBOS Group Limited (NZSE:EBO) After Its Half-Year Report

Feb 21
Analyst Estimates: Here's What Brokers Think Of EBOS Group Limited (NZSE:EBO) After Its Half-Year Report

FRW

NZ$11.19

Freightways Group

7D

1.7%

1Y

35.0%

CEN

NZ$8.92

Contact Energy

7D

-3.0%

1Y

8.4%

Contact Energy (NZSE:CEN) Has Announced A Dividend Of NZ$0.1847

Feb 19
Contact Energy (NZSE:CEN) Has Announced A Dividend Of NZ$0.1847

GTK

NZ$10.50

Gentrack Group

7D

-4.7%

1Y

34.4%