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New Zealand (NZX) Industrials Sector Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies17
  • 7D1.6%
  • 3M1.8%
  • 1Y7.8%
  • YTD-1.6%

Over the last 7 days, the Industrials industry has risen 1.6%, driven by gains from Mainfreight of 5.2%. In the last 12 months, the industry was up 7.8%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025NZ$34.9bNZ$24.3bNZ$747.9m24.4x46.7x1.4x
Sat, 16 Aug 2025NZ$33.6bNZ$24.5bNZ$544.3m21.9x61.6x1.4x
Mon, 14 Jul 2025NZ$33.6bNZ$24.5bNZ$545.1m21.8x61.6x1.4x
Wed, 11 Jun 2025NZ$34.6bNZ$24.5bNZ$549.0m23.4x63x1.4x
Fri, 09 May 2025NZ$33.8bNZ$24.2bNZ$451.0m20.4x74.9x1.4x
Sun, 06 Apr 2025NZ$33.8bNZ$24.2bNZ$451.1m19.9x75x1.4x
Tue, 04 Mar 2025NZ$35.8bNZ$24.2bNZ$451.1m21.1x79.3x1.5x
Thu, 30 Jan 2025NZ$36.2bNZ$24.4bNZ$464.7m22.1x77.9x1.5x
Sat, 28 Dec 2024NZ$35.5bNZ$24.4bNZ$464.7m22.5x76.3x1.5x
Mon, 25 Nov 2024NZ$34.2bNZ$24.4bNZ$463.6m24.3x73.8x1.4x
Wed, 23 Oct 2024NZ$33.1bNZ$24.2bNZ$474.2m21.7x69.8x1.4x
Fri, 20 Sep 2024NZ$30.2bNZ$24.2bNZ$478.4m21.5x63.1x1.2x
Sun, 18 Aug 2024NZ$31.4bNZ$24.8bNZ$996.0m21.4x31.5x1.3x
Tue, 16 Jul 2024NZ$41.2bNZ$28.0bNZ$1.9b19.4x22.3x1.5x
Thu, 13 Jun 2024NZ$38.3bNZ$28.0bNZ$1.9b19.6x20.7x1.4x
Sat, 11 May 2024NZ$39.1bNZ$27.4bNZ$2.6b18.2x15x1.4x
Mon, 08 Apr 2024NZ$41.4bNZ$27.4bNZ$2.6b21.1x15.8x1.5x
Wed, 06 Mar 2024NZ$40.9bNZ$27.5bNZ$2.6b21.4x15.6x1.5x
Fri, 02 Feb 2024NZ$42.5bNZ$26.8bNZ$2.8b19x15.1x1.6x
Sun, 31 Dec 2023NZ$42.7bNZ$26.7bNZ$2.8b19.4x15.2x1.6x
Tue, 28 Nov 2023NZ$40.4bNZ$26.7bNZ$2.8b19.2x14.3x1.5x
Thu, 26 Oct 2023NZ$39.2bNZ$26.9bNZ$1.8b18.6x22.3x1.5x
Sat, 23 Sep 2023NZ$41.4bNZ$26.8bNZ$1.8b18.4x23.5x1.5x
Mon, 21 Aug 2023NZ$42.1bNZ$24.6bNZ$1.3b19.5x33.2x1.7x
Wed, 19 Jul 2023NZ$35.3bNZ$23.0bNZ$1.1b19.4x32.9x1.5x
Fri, 16 Jun 2023NZ$35.1bNZ$23.0bNZ$1.1b19.4x32.7x1.5x
Sun, 14 May 2023NZ$35.6bNZ$23.3bNZ$1.1b16.6x32.3x1.5x
Tue, 11 Apr 2023NZ$35.0bNZ$23.3bNZ$1.1b17.5x31.9x1.5x
Thu, 09 Mar 2023NZ$35.9bNZ$23.3bNZ$1.1b17.8x32.7x1.5x
Sat, 04 Feb 2023NZ$36.1bNZ$20.7bNZ$763.6m17.9x47.3x1.7x
Mon, 02 Jan 2023NZ$33.7bNZ$20.7bNZ$763.6m17.4x44.2x1.6x
Wed, 30 Nov 2022NZ$34.5bNZ$20.7bNZ$763.4m17.9x45.2x1.7x
Fri, 28 Oct 2022NZ$34.3bNZ$19.9bNZ$677.4m20.5x50.6x1.7x
Sun, 25 Sep 2022NZ$34.0bNZ$19.9bNZ$673.8m21.9x50.5x1.7x
Price to Earnings Ratio

50.5x


Total Market Cap: NZ$34.0bTotal Earnings: NZ$673.8mTotal Revenue: NZ$19.9bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Industrials Sector Price to Earnings3Y Average 43.2x202320242025
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 46.7x which is higher than its 3-year average PE of 43.2x.
  • 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 grown 3.5% per year over the last three years.
  • Revenues for these companies have grown 6.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

NZ Market-0.69%
Industrials1.62%
Logistics5.01%
Machinery4.25%
Transportation3.95%
Building2.65%
Electrical1.37%
Infrastructure0.079%
Industrials0%0
Commercial Services0%0
Professional Services-1.39%
Airlines-1.65%
Industry PE
  • Investors are most optimistic about the Infrastructure industry even though it's trading below its 3-year average PE ratio of 79.3x.
    • Analysts are expecting annual earnings growth of 2.5%, 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 Infrastructure industry is expected to see its earnings grow by 2.5% 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
MFT MainfreightNZ$62.614.2%
+NZ$251.7m		-13.0%PE23x
FBU Fletcher BuildingNZ$3.164.6%
+NZ$149.9m		7.8%PS0.5x
FRW Freightways GroupNZ$12.805.5%
+NZ$119.9m		40.5%PE28.7x
AIR Air New ZealandNZ$0.602.6%
+NZ$46.6m		11.1%PE15.7x
SCT Scott TechnologyNZ$2.427.6%
+NZ$14.1m		17.5%PE25.9x

Latest News

SCT
NZ$2.42
Scott Technology
7D
7.6%
1Y
17.5%
MFT
NZ$62.61
Mainfreight
7D
4.2%
1Y
-13.0%

Some Confidence Is Lacking In Mainfreight Limited's (NZSE:MFT) P/E

Sep 15
Some Confidence Is Lacking In Mainfreight Limited's (NZSE:MFT) P/E
POT
NZ$7.30
Port of Tauranga
7D
-2.5%
1Y
29.4%
AIR
NZ$0.60
Air New Zealand
7D
2.6%
1Y
11.1%
AIA
NZ$7.70
Auckland International Airport
7D
-0.3%
1Y
3.2%
THL
NZ$2.59
Tourism Holdings
7D
-0.4%
1Y
34.2%
FRW
NZ$12.80
Freightways Group
7D
5.5%
1Y
40.5%
MPG
NZ$0.047
Metro Performance Glass
7D
30.6%
1Y
-28.8%
SKL
NZ$5.02
Skellerup Holdings
7D
1.2%
1Y
5.5%

Skellerup Holdings' (NZSE:SKL) Dividend Will Be Increased To NZ$0.1796

Aug 25
Skellerup Holdings' (NZSE:SKL) Dividend Will Be Increased To NZ$0.1796
SPN
NZ$7.85
South Port New Zealand
7D
1.3%
1Y
45.6%
FBU
NZ$3.16
Fletcher Building
7D
4.6%
1Y
7.8%
PYS
NZ$0.18
PaySauce
7D
-2.7%
1Y
-22.6%