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New Zealand (NZX) Industrials Sector Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies17
  • 7D0.8%
  • 3M8.3%
  • 1Y10.3%
  • YTD2.4%

Last week, the Industrials industry hasn't moved much but Mainfreight is up 6.5% in that time. The past year has been better, since the industry has gained 10% 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
Thu, 13 Nov 2025NZ$36.1bNZ$24.3bNZ$754.5m21x47.9x1.5x
Sat, 11 Oct 2025NZ$36.0bNZ$24.3bNZ$747.9m24x48.1x1.5x
Mon, 08 Sep 2025NZ$34.7bNZ$24.3bNZ$747.9m22.2x46.4x1.4x
Wed, 06 Aug 2025NZ$33.4bNZ$24.5bNZ$545.1m22.5x61.2x1.4x
Fri, 04 Jul 2025NZ$34.3bNZ$24.5bNZ$545.1m21.4x62.9x1.4x
Sun, 01 Jun 2025NZ$34.0bNZ$24.5bNZ$549.0m22.8x62x1.4x
Tue, 29 Apr 2025NZ$32.7bNZ$24.2bNZ$451.0m20x72.5x1.4x
Thu, 27 Mar 2025NZ$34.5bNZ$24.2bNZ$451.1m20.1x76.5x1.4x
Sat, 22 Feb 2025NZ$35.6bNZ$24.2bNZ$451.4m22.1x78.8x1.5x
Mon, 20 Jan 2025NZ$35.7bNZ$24.4bNZ$464.7m22.4x76.9x1.5x
Wed, 18 Dec 2024NZ$34.4bNZ$24.4bNZ$464.7m22.6x74.1x1.4x
Fri, 15 Nov 2024NZ$33.1bNZ$24.2bNZ$471.5m21.8x70.1x1.4x
Sun, 13 Oct 2024NZ$32.8bNZ$24.2bNZ$478.4m22x68.6x1.4x
Tue, 10 Sep 2024NZ$30.6bNZ$24.2bNZ$478.4m22.1x64x1.3x
Thu, 08 Aug 2024NZ$30.6bNZ$24.8bNZ$998.1m20.9x30.6x1.2x
Sat, 06 Jul 2024NZ$39.9bNZ$28.0bNZ$1.9b18.9x21.6x1.4x
Mon, 03 Jun 2024NZ$38.7bNZ$28.0bNZ$1.8b19.4x21x1.4x
Wed, 01 May 2024NZ$39.9bNZ$27.4bNZ$2.6b20.4x15.3x1.5x
Fri, 29 Mar 2024NZ$41.7bNZ$27.4bNZ$2.6b19.5x16x1.5x
Sun, 25 Feb 2024NZ$40.6bNZ$27.5bNZ$2.6b20.8x15.5x1.5x
Tue, 23 Jan 2024NZ$42.4bNZ$26.8bNZ$2.8b19x15x1.6x
Thu, 21 Dec 2023NZ$41.7bNZ$26.7bNZ$2.8b19.2x14.8x1.6x
Sat, 18 Nov 2023NZ$40.6bNZ$26.2bNZ$1.7b19.6x24.4x1.5x
Mon, 16 Oct 2023NZ$41.3bNZ$26.8bNZ$1.8b17.7x23.5x1.5x
Wed, 13 Sep 2023NZ$41.7bNZ$26.8bNZ$1.8b18.1x23.7x1.6x
Fri, 11 Aug 2023NZ$42.8bNZ$24.9bNZ$1.4b19.1x30.9x1.7x
Sun, 09 Jul 2023NZ$35.5bNZ$23.0bNZ$1.1b19.1x33.1x1.5x
Tue, 06 Jun 2023NZ$35.2bNZ$23.0bNZ$1.1b19.5x32.8x1.5x
Thu, 04 May 2023NZ$35.4bNZ$23.3bNZ$1.1b16.7x32.1x1.5x
Sat, 01 Apr 2023NZ$35.1bNZ$23.3bNZ$1.1b17.7x31.9x1.5x
Mon, 27 Feb 2023NZ$35.9bNZ$23.2bNZ$1.1b17.8x32.7x1.5x
Wed, 25 Jan 2023NZ$35.6bNZ$20.7bNZ$763.6m17.9x46.7x1.7x
Fri, 23 Dec 2022NZ$34.5bNZ$20.7bNZ$763.6m17.3x45.2x1.7x
Sun, 20 Nov 2022NZ$34.6bNZ$20.7bNZ$763.7m19.6x45.4x1.7x
Price to Earnings Ratio

45.4x


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 47.9x 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 Market0.12%
Industrials0.76%
Building4.97%
Logistics3.61%
Airlines2.46%
Transportation0.39%
Industrials0%0
Commercial Services0%0
Professional Services-0.39%
Infrastructure-1.13%
Machinery-2.22%
Electrical-4.12%
Industry PE
  • Investors are most optimistic about the Infrastructure industry even though it's trading below its 3-year average PE ratio of 78.5x.
    • 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
MFT MainfreightNZ$68.5014.9%
+NZ$896.2m
-6.3%PE27.2x
POT Port of TaurangaNZ$7.722.5%
+NZ$129.2m
30.0%PE30.3x
SKL Skellerup HoldingsNZ$5.492.6%
+NZ$27.5m
12.3%PE19.7x
MPG Metro Performance GlassNZ$0.0457.1%
+NZ$3.0m
-25.0%PS0.2x
AGL Accordant GroupNZ$0.305.2%
+NZ$508.8k
-47.4%PS0.07x

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