Analysis Article • Aug 22
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New Zealand (NZX) Capital Markets Industry Analysis
UpdatedAug 24, 2026
DataAggregated Company Financials
Companies3
- 7D3.4%
- 3M6.1%
- 1Y-4.7%
- YTD-7.3%
All of the companies in the Capital Markets industry have been up over the last week, with the industry up 3.4%. In the past year, the industry is down 4.7%. As for the next few years, earnings are expected to grow by 9.8% per annum.
Industry Valuation and Performance
Has the New Zealand Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 24 Aug 2026 | NZ$682.4m | NZ$142.0m | NZ$20.1m | 22x | 33.9x | 4.8x |
| Wed, 22 Jul 2026 | NZ$662.6m | NZ$133.0m | NZ$18.6m | 23x | 35.5x | 5x |
| Fri, 19 Jun 2026 | NZ$661.0m | NZ$133.0m | NZ$18.6m | 22.1x | 35.5x | 5x |
| Sun, 17 May 2026 | NZ$633.7m | NZ$133.0m | NZ$20.2m | 20.7x | 31.4x | 4.8x |
| Tue, 14 Apr 2026 | NZ$648.8m | NZ$133.0m | NZ$20.2m | 21.1x | 32.1x | 4.9x |
| Thu, 12 Mar 2026 | NZ$657.8m | NZ$133.0m | NZ$20.2m | 21.3x | 32.6x | 4.9x |
| Sat, 07 Feb 2026 | NZ$663.7m | NZ$130.0m | NZ$18.6m | 313.1x | 35.7x | 5.1x |
| Mon, 05 Jan 2026 | NZ$723.5m | NZ$130.0m | NZ$18.6m | 332.8x | 38.9x | 5.6x |
| Wed, 03 Dec 2025 | NZ$713.5m | NZ$130.0m | NZ$18.6m | 337.2x | 38.3x | 5.5x |
| Fri, 31 Oct 2025 | NZ$712.5m | NZ$130.0m | NZ$18.6m | 340.5x | 38.3x | 5.5x |
| Sun, 28 Sep 2025 | NZ$661.6m | NZ$130.0m | NZ$18.6m | 336.7x | 35.6x | 5.1x |
| Tue, 26 Aug 2025 | NZ$692.5m | NZ$130.0m | NZ$18.6m | 354.1x | 37.2x | 5.3x |
| Thu, 24 Jul 2025 | NZ$727.3m | NZ$162.2m | NZ$60.6m | 13.1x | 12x | 4.5x |
| Sat, 21 Jun 2025 | NZ$694.7m | NZ$162.2m | NZ$60.6m | 12.5x | 11.5x | 4.3x |
| Mon, 19 May 2025 | NZ$704.8m | NZ$162.2m | NZ$60.6m | 12.7x | 11.6x | 4.3x |
| Wed, 16 Apr 2025 | NZ$683.9m | NZ$162.2m | NZ$60.6m | 12.3x | 11.3x | 4.2x |
| Fri, 14 Mar 2025 | NZ$728.1m | NZ$162.2m | NZ$60.6m | 13.2x | 12x | 4.5x |
| Sun, 09 Feb 2025 | NZ$720.8m | NZ$155.1m | NZ$59.0m | 14.4x | 12.2x | 4.6x |
| Tue, 07 Jan 2025 | NZ$686.5m | NZ$155.1m | NZ$59.0m | 13.9x | 11.6x | 4.4x |
| Thu, 05 Dec 2024 | NZ$689.8m | NZ$155.1m | NZ$59.0m | 13.8x | 11.7x | 4.4x |
| Sat, 02 Nov 2024 | NZ$752.3m | NZ$195.5m | NZ$58.0m | 12.8x | 13x | 3.8x |
| Mon, 30 Sep 2024 | NZ$737.8m | NZ$195.5m | NZ$58.0m | 12x | 12.7x | 3.8x |
| Wed, 28 Aug 2024 | NZ$730.8m | NZ$195.5m | NZ$58.0m | 12.2x | 12.6x | 3.7x |
| Fri, 26 Jul 2024 | NZ$663.7m | NZ$198.1m | NZ$57.8m | 16.4x | 11.5x | 3.4x |
| Sun, 23 Jun 2024 | NZ$703.4m | NZ$198.2m | NZ$57.8m | 15.4x | 12.2x | 3.5x |
| Tue, 21 May 2024 | NZ$749.0m | NZ$157.7m | NZ$58.9m | 15.8x | 12.7x | 4.8x |
| Thu, 18 Apr 2024 | NZ$736.5m | NZ$157.7m | NZ$58.9m | 15.8x | 12.5x | 4.7x |
| Sat, 16 Mar 2024 | NZ$540.1m | NZ$157.7m | NZ$58.9m | 14.5x | 9.2x | 3.4x |
| Mon, 12 Feb 2024 | NZ$557.3m | NZ$131.2m | NZ$37.3m | 17x | 14.9x | 4.2x |
| Wed, 10 Jan 2024 | NZ$547.8m | NZ$131.2m | NZ$37.3m | 16.9x | 14.7x | 4.2x |
| Fri, 08 Dec 2023 | NZ$515.1m | NZ$131.2m | NZ$37.3m | 16.1x | 13.8x | 3.9x |
| Sun, 05 Nov 2023 | NZ$519.0m | NZ$131.2m | NZ$37.3m | 16x | 13.9x | 4x |
| Tue, 03 Oct 2023 | NZ$532.6m | NZ$131.2m | NZ$37.3m | 16.4x | 14.3x | 4.1x |
| Thu, 31 Aug 2023 | NZ$587.9m | NZ$131.2m | NZ$37.3m | 18.3x | 15.7x | 4.5x |
Price to Earnings Ratio
15.7x
Current Industry PE
- There are only 3 companies in the New Zealander Capital Markets industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have declined 19% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.7% 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.
Industry Trends
Which industries have driven the changes within the New Zealand Financials industry?
| NZ Market | 0.87% | |
| Financials | -0.47% | |
| Capital Markets | 3.43% | |
| Asset Management | 4.63% | |
| Financial Exchanges and Data | 3.02% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry, which is trading close to its 3-year average PE ratio of 23.6x.
- Analysts are expecting annual earnings growth of 9.8%, which is lower than the prior year's growth of 25.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Financial Exchanges and Data industry, expecting annual earnings growth of 9.8% over the next 5 years.
- However this is lower than its past earnings growth rate of 26% per year.
- In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 9.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NZX NZX | NZ$1.53 | 3.7% +NZ$18.1m | 7.7% | PE21.9x | |
| MLN Marlin Global | NZ$0.76 | 2.6% +NZ$4.4m | -24.8% | PS43x |