Narrative Update • Jun 05

Over the last 7 days, the Logistics industry has risen 2.3%, driven by gains from Mainfreight of 3.5%. In the last 12 months, the industry was up 3.7%. Looking forward, earnings are forecast to grow by 11% annually.
Has the New Zealand Logistics Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 14 Jun 2026 | NZ$9.0b | NZ$7.0b | NZ$331.1m | 27x | 27.3x | 1.3x |
| Tue, 12 May 2026 | NZ$8.2b | NZ$6.9b | NZ$333.2m | 24.7x | 24.5x | 1.2x |
| Thu, 09 Apr 2026 | NZ$8.5b | NZ$6.9b | NZ$333.2m | 25.6x | 25.5x | 1.2x |
| Sat, 07 Mar 2026 | NZ$8.9b | NZ$6.9b | NZ$333.2m | 26.9x | 26.7x | 1.3x |
| Mon, 02 Feb 2026 | NZ$9.4b | NZ$6.9b | NZ$317.5m | 29.7x | 29.6x | 1.4x |
| Wed, 31 Dec 2025 | NZ$9.5b | NZ$6.9b | NZ$317.5m | 29.8x | 30.1x | 1.4x |
| Fri, 28 Nov 2025 | NZ$9.3b | NZ$6.9b | NZ$317.5m | 28.5x | 29.2x | 1.4x |
| Sun, 26 Oct 2025 | NZ$8.5b | NZ$6.8b | NZ$338.7m | 26.1x | 25.1x | 1.2x |
| Tue, 23 Sep 2025 | NZ$8.7b | NZ$6.8b | NZ$338.7m | 26.3x | 25.8x | 1.3x |
| Thu, 21 Aug 2025 | NZ$8.1b | NZ$6.8b | NZ$308.0m | 24.3x | 26.4x | 1.2x |
| Sat, 19 Jul 2025 | NZ$8.9b | NZ$6.8b | NZ$302.6m | 25.9x | 29.3x | 1.3x |
| Mon, 16 Jun 2025 | NZ$8.7b | NZ$6.8b | NZ$302.6m | 25.4x | 28.8x | 1.3x |
| Wed, 14 May 2025 | NZ$8.8b | NZ$6.5b | NZ$227.0m | 30.1x | 39x | 1.4x |
| Fri, 11 Apr 2025 | NZ$8.1b | NZ$6.5b | NZ$227.0m | 28.2x | 35.7x | 1.3x |
| Sun, 09 Mar 2025 | NZ$8.8b | NZ$6.5b | NZ$227.0m | 30.2x | 38.8x | 1.4x |
| Tue, 04 Feb 2025 | NZ$9.0b | NZ$6.4b | NZ$221.4m | 31.4x | 40.8x | 1.4x |
| Thu, 02 Jan 2025 | NZ$9.3b | NZ$6.4b | NZ$221.4m | 32.1x | 42.1x | 1.5x |
| Sat, 30 Nov 2024 | NZ$9.3b | NZ$6.4b | NZ$221.4m | 31.6x | 41.9x | 1.4x |
| Mon, 28 Oct 2024 | NZ$9.2b | NZ$6.2b | NZ$231.4m | 30.3x | 39.6x | 1.5x |
| Wed, 25 Sep 2024 | NZ$8.7b | NZ$6.2b | NZ$231.4m | 28.1x | 37.7x | 1.4x |
| Fri, 23 Aug 2024 | NZ$9.3b | NZ$6.2b | NZ$265.0m | 30x | 34.9x | 1.5x |
| Sun, 21 Jul 2024 | NZ$9.3b | NZ$6.2b | NZ$265.0m | 29.5x | 35.2x | 1.5x |
| Tue, 18 Jun 2024 | NZ$8.4b | NZ$6.2b | NZ$265.0m | 26.6x | 31.5x | 1.3x |
| Thu, 16 May 2024 | NZ$8.2b | NZ$6.5b | NZ$390.3m | 20.2x | 21.1x | 1.3x |
| Sat, 13 Apr 2024 | NZ$8.5b | NZ$6.5b | NZ$390.3m | 21.4x | 21.9x | 1.3x |
| Mon, 11 Mar 2024 | NZ$8.5b | NZ$6.5b | NZ$390.3m | 21x | 21.7x | 1.3x |
| Wed, 07 Feb 2024 | NZ$8.5b | NZ$6.5b | NZ$402.0m | 20.3x | 21.2x | 1.3x |
| Fri, 05 Jan 2024 | NZ$8.6b | NZ$6.5b | NZ$402.0m | 20.5x | 21.4x | 1.3x |
| Sun, 03 Dec 2023 | NZ$8.3b | NZ$6.5b | NZ$402.0m | 19.9x | 20.7x | 1.3x |
| Tue, 31 Oct 2023 | NZ$7.1b | NZ$7.1b | NZ$494.4m | 15.6x | 14.3x | 1x |
| Thu, 28 Sep 2023 | NZ$8.0b | NZ$7.1b | NZ$494.4m | 17.7x | 16.1x | 1.1x |
| Sat, 26 Aug 2023 | NZ$8.3b | NZ$7.1b | NZ$495.2m | 17.9x | 16.7x | 1.2x |
| Mon, 24 Jul 2023 | NZ$8.8b | NZ$7.0b | NZ$491.7m | 19x | 17.9x | 1.3x |
| Wed, 21 Jun 2023 | NZ$8.9b | NZ$7.0b | NZ$491.7m | 19.2x | 18x | 1.3x |
18x
Which industries have driven the changes within the New Zealand Industrials industry?
| NZ Market | 1.16% | |
| Industrials | 0.71% | |
| Logistics | 2.35% | |
| Air Freight and Logistics | 2.35% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MFT Mainfreight | NZ$65.40 | 3.5% +NZ$220.5m | -2.4% | PE26.2x |