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New Zealand (NZX) Industrials Sector Analysis

UpdatedNov 08, 2025
DataAggregated Company Financials
Companies17
  • 7D-0.7%
  • 3M7.5%
  • 1Y8.2%
  • YTD1.1%

Over the last 7 days, the Industrials industry has remained flat, although notably Fletcher Building gained 7.1%. The past year has been better, since the industry has gained 9.8% in that time. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the New Zealand Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Nov 2025NZ$36.1bNZ$24.3bNZ$754.5m20.8x47.8x1.5x
Mon, 06 Oct 2025NZ$36.1bNZ$24.3bNZ$747.9m23.5x48.2x1.5x
Wed, 03 Sep 2025NZ$34.1bNZ$24.3bNZ$747.9m22.1x45.6x1.4x
Fri, 01 Aug 2025NZ$33.1bNZ$24.5bNZ$545.1m21.7x60.7x1.4x
Sun, 29 Jun 2025NZ$33.9bNZ$24.5bNZ$545.1m21x62.1x1.4x
Tue, 27 May 2025NZ$34.1bNZ$24.2bNZ$456.0m22.6x74.8x1.4x
Thu, 24 Apr 2025NZ$32.7bNZ$24.2bNZ$451.0m19.8x72.5x1.4x
Sat, 22 Mar 2025NZ$34.1bNZ$24.2bNZ$451.1m20.3x75.6x1.4x
Mon, 17 Feb 2025NZ$36.1bNZ$24.4bNZ$470.0m21.9x76.8x1.5x
Wed, 15 Jan 2025NZ$35.1bNZ$24.4bNZ$464.7m22.6x75.6x1.4x
Fri, 13 Dec 2024NZ$34.8bNZ$24.4bNZ$464.7m22.2x74.9x1.4x
Sun, 10 Nov 2024NZ$33.3bNZ$24.2bNZ$471.5m24.2x70.6x1.4x
Tue, 08 Oct 2024NZ$31.7bNZ$24.2bNZ$478.4m21.9x66.3x1.3x
Thu, 05 Sep 2024NZ$30.4bNZ$24.3bNZ$478.4m22.6x63.5x1.3x
Sat, 03 Aug 2024NZ$31.1bNZ$24.8bNZ$996.5m22.4x31.2x1.3x
Mon, 01 Jul 2024NZ$39.4bNZ$28.0bNZ$1.9b18.9x21.3x1.4x
Wed, 29 May 2024NZ$38.6bNZ$28.3bNZ$2.0b19x19.4x1.4x
Fri, 26 Apr 2024NZ$40.2bNZ$27.4bNZ$2.6b20.8x15.4x1.5x
Sun, 24 Mar 2024NZ$40.9bNZ$27.4bNZ$2.6b19.5x15.7x1.5x
Tue, 20 Feb 2024NZ$40.7bNZ$26.8bNZ$2.6b20.4x15.6x1.5x
Thu, 18 Jan 2024NZ$42.9bNZ$26.8bNZ$2.8b19.5x15.2x1.6x
Sat, 16 Dec 2023NZ$41.7bNZ$26.7bNZ$2.8b19.6x14.8x1.6x
Mon, 13 Nov 2023NZ$40.1bNZ$26.2bNZ$1.7b19x24.1x1.5x
Wed, 11 Oct 2023NZ$41.1bNZ$26.8bNZ$1.8b17.5x23.3x1.5x
Fri, 08 Sep 2023NZ$41.9bNZ$26.8bNZ$1.8b17.2x23.8x1.6x
Sun, 06 Aug 2023NZ$43.1bNZ$24.9bNZ$1.4b19.2x31.1x1.7x
Tue, 04 Jul 2023NZ$35.3bNZ$23.0bNZ$1.1b18.4x32.9x1.5x
Thu, 01 Jun 2023NZ$35.7bNZ$23.0bNZ$1.1b19x33.2x1.5x
Sat, 29 Apr 2023NZ$35.6bNZ$23.3bNZ$1.1b17.3x32.3x1.5x
Mon, 27 Mar 2023NZ$34.9bNZ$23.3bNZ$1.1b17.8x31.8x1.5x
Wed, 22 Feb 2023NZ$35.8bNZ$21.0bNZ$685.1m17.9x52.2x1.7x
Fri, 20 Jan 2023NZ$35.7bNZ$20.7bNZ$763.6m17.7x46.8x1.7x
Sun, 18 Dec 2022NZ$35.0bNZ$20.7bNZ$763.6m17.6x45.8x1.7x
Tue, 15 Nov 2022NZ$34.6bNZ$20.7bNZ$763.7m19.9x45.3x1.7x
Price to Earnings Ratio

45.3x


Total Market Cap: NZ$34.6bTotal Earnings: NZ$763.7mTotal Revenue: NZ$20.7bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Industrials Sector Price to Earnings3Y Average 43.1x202320242025
Current Industry PE
  • Investors are optimistic on the New Zealander Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 48.0x which is higher than its 3-year average PE of 43.1x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 5.6% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the New Zealand Industrials sector?

NZ Market-0.023%
Industrials-0.66%
Professional Services27.14%
Building6.97%
Airlines1.68%
Transportation0.79%
Industrials0%0
Machinery-1.06%
Infrastructure-1.52%
Logistics-2.39%
Electrical-10.38%
Commercial Services-11.11%
Industry PE
  • Investors are most optimistic about the Infrastructure industry even though it's trading below its 3-year average PE ratio of 78.6x.
    • Analysts are expecting annual earnings growth of 2.2%, which is lower than the prior year's growth of 85.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Transportation industry, expecting annual earnings growth of 63% over the next 5 years.
  • In contrast, the Professional Services industry is expected to see its earnings decline by 75% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FBU Fletcher BuildingNZ$3.497.1%
+NZ$246.2m		10.1%PS0.5x
AIR Air New ZealandNZ$0.601.7%
+NZ$31.8m		12.0%PE15.6x
PYS PaySauceNZ$0.3332.0%
+NZ$11.5m		43.5%PE69.9x
THL Tourism HoldingsNZ$2.550.8%
+NZ$4.4m		32.8%PS0.6x
MOV MOVE Logistics GroupNZ$0.227.3%
+NZ$1.9m		26.4%PS0.1x

Latest News

AIR
NZ$0.60
Air New Zealand
7D
1.7%
1Y
12.0%

AIR: Cost Controls And Sector Demand Will Shape Recovery Amid Headwinds

Analysts have adjusted Air New Zealand’s fair value estimate downward from $0.67 to $0.66. This change is attributed to slightly lower projected revenue growth and profit margins, as well as a modest reduction in discount rate assumptions.
FBU
NZ$3.49
Fletcher Building
7D
7.1%
1Y
10.1%

Fletcher Building (NZSE:FBU) Is Looking To Continue Growing Its Returns On Capital

Nov 04
Fletcher Building (NZSE:FBU) Is Looking To Continue Growing Its Returns On Capital
AIA
NZ$8.07
Auckland International Airport
7D
-0.6%
1Y
9.1%

Returns On Capital At Auckland International Airport (NZSE:AIA) Have Stalled

Nov 03
Returns On Capital At Auckland International Airport (NZSE:AIA) Have Stalled
FRW
NZ$14.44
Freightways Group
7D
-1.9%
1Y
38.0%

If EPS Growth Is Important To You, Freightways Group (NZSE:FRW) Presents An Opportunity

Nov 01
If EPS Growth Is Important To You, Freightways Group (NZSE:FRW) Presents An Opportunity
SPN
NZ$8.93
South Port New Zealand
7D
-3.6%
1Y
68.5%

South Port New Zealand (NZSE:SPN) Will Pay A Larger Dividend Than Last Year At NZ$0.2412

Oct 29
South Port New Zealand (NZSE:SPN) Will Pay A Larger Dividend Than Last Year At NZ$0.2412
SCT
NZ$2.91
Scott Technology
7D
-5.5%
1Y
37.3%
MFT
NZ$58.66
Mainfreight
7D
-2.6%
1Y
-19.4%
AOF
NZ$0.095
AoFrio
7D
-10.4%
1Y
-13.6%

AoFrio Limited (NZSE:AOF) Stock Catapults 26% Though Its Price And Business Still Lag The Industry

Oct 14
AoFrio Limited (NZSE:AOF) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
WCO
NZ$0.016
WasteCo Group
7D
-11.1%
1Y
-40.7%
PYS
NZ$0.33
PaySauce
7D
32.0%
1Y
43.5%
POT
NZ$7.55
Port of Tauranga
7D
-3.9%
1Y
28.0%

Here's Why We Think Port of Tauranga (NZSE:POT) Is Well Worth Watching

Oct 01
Here's Why We Think Port of Tauranga (NZSE:POT) Is Well Worth Watching
THL
NZ$2.55
Tourism Holdings
7D
0.8%
1Y
32.8%
MOV
NZ$0.22
MOVE Logistics Group
7D
7.3%
1Y
26.4%
AGL
NZ$0.29
Accordant Group
7D
7.4%
1Y
-46.3%