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New Zealand (NZX) Industrials Sector Analysis

UpdatedAug 27, 2025
DataAggregated Company Financials
Companies17
  • 7D-0.4%
  • 3M-0.8%
  • 1Y0.6%
  • YTD-6.3%

The Industrials is pretty flat in the last 7 days, but Skellerup Holdings has stood out, gaining 5.9%. Furthermore, the industry has been flat for the past year as well. 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
Wed, 27 Aug 2025NZ$33.3bNZ$24.2bNZ$644.6m22.1x51.6x1.4x
Fri, 25 Jul 2025NZ$34.0bNZ$24.5bNZ$545.1m21x62.3x1.4x
Sun, 22 Jun 2025NZ$34.5bNZ$24.5bNZ$549.0m22.6x62.9x1.4x
Tue, 20 May 2025NZ$34.6bNZ$24.2bNZ$451.0m21x76.6x1.4x
Thu, 17 Apr 2025NZ$33.0bNZ$24.2bNZ$451.1m20.5x73.1x1.4x
Sat, 15 Mar 2025NZ$35.0bNZ$24.2bNZ$451.1m20.4x77.5x1.4x
Mon, 10 Feb 2025NZ$36.0bNZ$24.4bNZ$464.7m22.1x77.5x1.5x
Wed, 08 Jan 2025NZ$35.7bNZ$24.4bNZ$464.7m22.2x76.7x1.5x
Fri, 06 Dec 2024NZ$34.5bNZ$24.4bNZ$464.7m22.3x74.3x1.4x
Sun, 03 Nov 2024NZ$32.5bNZ$24.2bNZ$471.5m24.2x68.9x1.3x
Tue, 01 Oct 2024NZ$31.6bNZ$24.2bNZ$478.4m21.4x66.1x1.3x
Thu, 29 Aug 2024NZ$30.7bNZ$24.3bNZ$693.9m22.3x44.2x1.3x
Sat, 27 Jul 2024NZ$41.3bNZ$28.0bNZ$1.9b20.1x22.3x1.5x
Mon, 24 Jun 2024NZ$39.2bNZ$28.0bNZ$1.9b18.9x21.2x1.4x
Wed, 22 May 2024NZ$37.8bNZ$28.3bNZ$2.0b17.8x19x1.3x
Fri, 19 Apr 2024NZ$40.5bNZ$27.4bNZ$2.6b21.3x15.5x1.5x
Sun, 17 Mar 2024NZ$41.1bNZ$27.4bNZ$2.6b21.1x15.7x1.5x
Tue, 13 Feb 2024NZ$41.7bNZ$26.8bNZ$2.8b18.7x14.8x1.6x
Thu, 11 Jan 2024NZ$42.8bNZ$26.8bNZ$2.8b19.3x15.2x1.6x
Sat, 09 Dec 2023NZ$41.6bNZ$26.7bNZ$2.8b19.2x14.8x1.6x
Mon, 06 Nov 2023NZ$39.9bNZ$26.9bNZ$1.8b18.7x22.7x1.5x
Wed, 04 Oct 2023NZ$40.8bNZ$26.8bNZ$1.8b17.7x23.2x1.5x
Fri, 01 Sep 2023NZ$41.7bNZ$26.8bNZ$1.8b16.6x23.7x1.6x
Sun, 30 Jul 2023NZ$34.7bNZ$23.0bNZ$1.1b18.5x32.4x1.5x
Tue, 27 Jun 2023NZ$35.0bNZ$23.0bNZ$1.1b18.9x32.6x1.5x
Thu, 25 May 2023NZ$35.8bNZ$23.3bNZ$1.1b17.1x32.5x1.5x
Sat, 22 Apr 2023NZ$35.1bNZ$23.3bNZ$1.1b17.3x31.8x1.5x
Mon, 20 Mar 2023NZ$35.3bNZ$23.3bNZ$1.1b18.5x32.1x1.5x
Wed, 15 Feb 2023NZ$36.2bNZ$20.7bNZ$762.9m17.8x47.4x1.7x
Fri, 13 Jan 2023NZ$34.5bNZ$20.7bNZ$763.6m17.6x45.2x1.7x
Sun, 11 Dec 2022NZ$34.6bNZ$20.7bNZ$763.6m18.1x45.3x1.7x
Tue, 08 Nov 2022NZ$34.5bNZ$19.9bNZ$677.4m21.1x50.9x1.7x
Thu, 06 Oct 2022NZ$32.9bNZ$19.9bNZ$673.8m20.7x48.8x1.7x
Sat, 03 Sep 2022NZ$34.7bNZ$19.9bNZ$673.8m21.7x51.5x1.7x
Price to Earnings Ratio

51.5x


Total Market Cap: NZ$34.7bTotal 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 51.6x 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 6.7% 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 and as a result, profits have held steady.

Industry Trends

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

NZ Market0.89%
Industrials-0.40%
Machinery5.75%
Industrials0%0
Commercial Services0%0
Professional Services-0.25%
Logistics-0.26%
Infrastructure-0.48%
Airlines-0.85%
Transportation-0.90%
Building-1.88%
Electrical-10.00%
Industry PE
  • Investors are most optimistic about the Infrastructure industry even though it's trading below its 3-year average PE ratio of 79.7x.
    • Analysts are expecting annual earnings growth of 4.0%, which is lower than the prior year's growth of 65.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Transportation industry, expecting annual earnings growth of 62% over the next 5 years.
  • In contrast, the Infrastructure industry is expected to see its earnings grow by 4.0% 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$59.981.7%
+NZ$98.7m		-17.7%PE22x
SKL Skellerup HoldingsNZ$4.914.5%
+NZ$41.2m		-2.8%PE17.6x
SCT Scott TechnologyNZ$2.063.0%
+NZ$5.0m		-6.4%PE22x
FRW Freightways GroupNZ$12.070.2%
+NZ$3.6m		29.8%PE27x
MOV MOVE Logistics GroupNZ$0.242.1%
+NZ$638.1k		-21.3%PS0.1x

Latest News

SKL
NZ$4.91
Skellerup Holdings
7D
4.5%
1Y
-2.8%

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
THL
NZ$2.19
Tourism Holdings
7D
-0.5%
1Y
5.8%
SPN
NZ$7.56
South Port New Zealand
7D
-1.0%
1Y
32.6%
NPH
NZ$3.01
Napier Port Holdings
7D
-1.3%
1Y
28.6%
AIA
NZ$7.60
Auckland International Airport
7D
-2.6%
1Y
0.7%
FRW
NZ$12.07
Freightways Group
7D
0.2%
1Y
29.8%
FBU
NZ$3.05
Fletcher Building
7D
-1.0%
1Y
5.2%
AOF
NZ$0.065
AoFrio
7D
-18.8%
1Y
-44.9%
SCT
NZ$2.06
Scott Technology
7D
3.0%
1Y
-6.4%
MOV
NZ$0.24
MOVE Logistics Group
7D
2.1%
1Y
-21.3%
MPG
NZ$0.039
Metro Performance Glass
7D
8.3%
1Y
-49.4%
POT
NZ$6.90
Port of Tauranga
7D
-0.3%
1Y
23.0%

There Are Reasons To Feel Uneasy About Port of Tauranga's (NZSE:POT) Returns On Capital

Aug 14
There Are Reasons To Feel Uneasy About Port of Tauranga's (NZSE:POT) Returns On Capital
MFT
NZ$59.98
Mainfreight
7D
1.7%
1Y
-17.7%
AGL
NZ$0.30
Accordant Group
7D
3.4%
1Y
-63.0%