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New Zealand (NZX) Infrastructure Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies4
  • 7D0.7%
  • 3M3.3%
  • 1Y3.3%
  • YTD1.0%

In the last week, Infrastructure has been flat. As for the the longer term, the industry is up 3.3% over the past 12 months. Looking forward, earnings are forecast to grow by 2.1% annually.

Industry Valuation and Performance

Has the New Zealand Infrastructure Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Feb 2026NZ$20.6bNZ$1.6bNZ$638.3m27.6x32.3x12.6x
Thu, 01 Jan 2026NZ$20.3bNZ$1.6bNZ$638.3m27.2x31.8x12.4x
Sat, 29 Nov 2025NZ$19.6bNZ$1.6bNZ$638.3m26.4x30.8x12x
Mon, 27 Oct 2025NZ$20.2bNZ$1.6bNZ$641.8m25.3x31.5x12.3x
Wed, 24 Sep 2025NZ$18.9bNZ$1.6bNZ$641.8m23.5x29.5x11.6x
Fri, 22 Aug 2025NZ$18.6bNZ$1.6bNZ$218.7m32.8x85.2x12x
Sun, 20 Jul 2025NZ$18.5bNZ$1.6bNZ$218.7m33.5x84.8x11.9x
Tue, 17 Jun 2025NZ$19.3bNZ$1.6bNZ$222.6m44.8x86.6x12.3x
Thu, 15 May 2025NZ$18.9bNZ$1.6bNZ$216.7m43.6x87.3x12.1x
Sat, 12 Apr 2025NZ$18.7bNZ$1.6bNZ$216.7m40.5x86.2x12x
Mon, 10 Mar 2025NZ$18.8bNZ$1.6bNZ$216.7m42.9x86.8x12x
Wed, 05 Feb 2025NZ$20.1bNZ$1.5bNZ$133.0m30.3x150.9x13.5x
Fri, 03 Jan 2025NZ$19.8bNZ$1.5bNZ$133.0m30.8x148.9x13.4x
Sun, 01 Dec 2024NZ$18.0bNZ$1.5bNZ$133.0m31.7x135.3x12.1x
Tue, 29 Oct 2024NZ$17.0bNZ$1.5bNZ$131.0m33x129.7x11.5x
Thu, 26 Sep 2024NZ$16.6bNZ$1.5bNZ$131.0m30.5x126.7x11.3x
Sat, 24 Aug 2024NZ$15.6bNZ$1.5bNZ$133.2m31.3x117.4x10.6x
Mon, 22 Jul 2024NZ$16.1bNZ$1.3bNZ$298.3m21.5x54.1x12x
Wed, 19 Jun 2024NZ$15.2bNZ$1.3bNZ$298.3m22.2x50.9x11.3x
Fri, 17 May 2024NZ$15.2bNZ$1.3bNZ$292.7m27.9x52x11.4x
Sun, 14 Apr 2024NZ$16.2bNZ$1.3bNZ$292.7m28.3x55.2x12.1x
Tue, 12 Mar 2024NZ$16.4bNZ$1.3bNZ$292.7m28.9x56.1x12.3x
Thu, 08 Feb 2024NZ$17.0bNZ$1.2bNZ$196.6m29.7x86.6x14.1x
Sat, 06 Jan 2024NZ$17.0bNZ$1.2bNZ$196.6m30.6x86.6x14.1x
Mon, 04 Dec 2023NZ$16.4bNZ$1.2bNZ$196.6m29.5x83.6x13.6x
Wed, 01 Nov 2023NZ$15.1bNZ$1.2bNZ$197.3m25.7x76.7x12.5x
Fri, 29 Sep 2023NZ$16.4bNZ$1.2bNZ$197.3m26.5x83.2x13.6x
Sun, 27 Aug 2023NZ$16.5bNZ$1.2bNZ$197.3m26.3x83.8x13.7x
Tue, 25 Jul 2023NZ$17.4bNZ$1.0bNZ$250.6m23.8x69.5x16.8x
Thu, 22 Jun 2023NZ$17.5bNZ$1.0bNZ$250.6m23.8x69.8x16.9x
Sat, 20 May 2023NZ$18.4bNZ$1.0bNZ$250.9m24x73.4x17.9x
Mon, 17 Apr 2023NZ$17.9bNZ$1.0bNZ$250.9m26.1x71.3x17.4x
Wed, 15 Mar 2023NZ$17.8bNZ$1.0bNZ$250.9m26.6x70.9x17.3x
Fri, 10 Feb 2023NZ$18.0bNZ$838.3mNZ$349.3m29.5x51.7x21.5x
Price to Earnings Ratio

51.7x


Total Market Cap: NZ$18.0bTotal Earnings: NZ$349.3mTotal Revenue: NZ$838.3mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Infrastructure Industry Price to Earnings3Y Average 77.2x202420252026
Current Industry PE
  • Investors are pessimistic on the New Zealander Infrastructure industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 32.3x which is lower than its 3-year average PE of 77.2x.
  • The industry is trading close to its 3-year average PS ratio of 13.3x.
Past Earnings Growth
  • The earnings for companies in the Infrastructure industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 25% 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 industry?

NZ Market-0.31%
Industrials-0.70%
Infrastructure0.67%
Airport Services0.96%
Marine Ports and Services0.019%
Industry PE
  • Investors are most optimistic about the Airport Services industry even though it's trading below its 3-year average PE ratio of 512x.
    • Analysts are expecting annual earnings growth of 1.2%, which is lower than the prior year's growth of 7,549.1% per year.
  • Investors are most pessimistic about the Marine Ports and Services industry, which is trading below its 3-year average of 33.1x.
Forecasted Growth
  • Analysts are most optimistic on the Marine Ports and Services industry, expecting annual earnings growth of 4.3% over the next 5 years.
  • In contrast, the Airport Services industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
No data available

Latest News

AIA
NZ$8.28
Auckland International Airport
7D
-0.1%
1Y
-6.4%
NPH
NZ$3.72
Napier Port Holdings
7D
-2.1%
1Y
37.8%

NPH: Stable Trade Volumes And Higher Fully Imputed Dividends Will Support Returns

Analysts have kept their price target for Napier Port Holdings broadly steady at around $3.72 per share, with only minor tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E, supporting an essentially unchanged valuation view. What's in the News Reported first quarter trade volume data for the period ended 31 December 2025, with total container volumes at 45,000 TEU compared to 44,000 TEU a year earlier, and bulk cargo volumes at 0.94 million tonnes compared to the same period a year ago (Key Developments).
SPN
NZ$9.10
South Port New Zealand
7D
-1.2%
1Y
58.5%
POT
NZ$7.90
Port of Tauranga
7D
-1.5%
1Y
23.1%