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New Zealand (NZX) Market Analysis & Valuation
UpdatedMay 10, 2025
DataAggregated Company Financials
Companies107
- 7D2.4%
- 3M-2.9%
- 1Y5.0%
- YTD-3.4%
Over the past 7 days, the market has risen 2.4% with the Industrials sector contributing the most to the gain. In the last year, the market has climbed 5.0%. Looking forward, earnings are forecast to grow by 27% annually.
Trending IndustriesSoftware
Market Valuation and Performance
Has the New Zealand Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 10 May 2025 | NZ$167.5b | NZ$115.4b | NZ$2.6b | 18.5x | 64.8x | 1.5x |
| Mon, 07 Apr 2025 | NZ$162.5b | NZ$115.3b | NZ$2.6b | 18.1x | 61.9x | 1.4x |
| Wed, 05 Mar 2025 | NZ$166.9b | NZ$114.0b | NZ$2.5b | 19.7x | 66.9x | 1.5x |
| Fri, 31 Jan 2025 | NZ$170.4b | NZ$113.6b | NZ$3.2b | 20.2x | 54.1x | 1.5x |
| Sun, 29 Dec 2024 | NZ$172.8b | NZ$113.6b | NZ$3.1b | 20x | 55.2x | 1.5x |
| Tue, 26 Nov 2024 | NZ$171.5b | NZ$113.5b | NZ$3.0b | 20.4x | 57.2x | 1.5x |
| Thu, 24 Oct 2024 | NZ$170.2b | NZ$112.8b | NZ$4.3b | 19.7x | 39.7x | 1.5x |
| Sat, 21 Sep 2024 | NZ$162.7b | NZ$113.0b | NZ$4.6b | 19x | 35.6x | 1.4x |
| Mon, 19 Aug 2024 | NZ$167.0b | NZ$110.8b | NZ$4.8b | 19.9x | 35.1x | 1.5x |
| Wed, 17 Jul 2024 | NZ$161.1b | NZ$110.9b | NZ$4.7b | 16.3x | 34.4x | 1.5x |
| Fri, 14 Jun 2024 | NZ$156.1b | NZ$109.5b | NZ$4.3b | 15.1x | 36.2x | 1.4x |
| Sun, 12 May 2024 | NZ$153.9b | NZ$110.1b | NZ$5.8b | 15.3x | 26.4x | 1.4x |
| Tue, 09 Apr 2024 | NZ$157.1b | NZ$110.0b | NZ$5.8b | 17.5x | 27x | 1.4x |
| Thu, 07 Mar 2024 | NZ$156.4b | NZ$110.5b | NZ$5.8b | 17.2x | 27.1x | 1.4x |
| Sat, 03 Feb 2024 | NZ$158.6b | NZ$109.2b | NZ$6.6b | 15.6x | 23.9x | 1.5x |
| Mon, 01 Jan 2024 | NZ$157.6b | NZ$109.3b | NZ$6.6b | 15.8x | 23.7x | 1.4x |
| Wed, 29 Nov 2023 | NZ$150.2b | NZ$109.2b | NZ$6.7b | 16.2x | 22.4x | 1.4x |
| Fri, 27 Oct 2023 | NZ$146.2b | NZ$109.3b | NZ$5.8b | 16.2x | 25.1x | 1.3x |
| Sun, 24 Sep 2023 | NZ$153.9b | NZ$109.4b | NZ$5.9b | 16x | 26.1x | 1.4x |
| Tue, 22 Aug 2023 | NZ$159.4b | NZ$108.1b | NZ$6.4b | 16.6x | 24.8x | 1.5x |
| Thu, 20 Jul 2023 | NZ$163.4b | NZ$108.3b | NZ$6.6b | 17.2x | 24.7x | 1.5x |
| Sat, 17 Jun 2023 | NZ$161.0b | NZ$108.5b | NZ$6.6b | 16x | 24.3x | 1.5x |
| Mon, 15 May 2023 | NZ$163.4b | NZ$107.3b | NZ$7.6b | 15.2x | 21.5x | 1.5x |
| Wed, 12 Apr 2023 | NZ$162.4b | NZ$107.3b | NZ$7.6b | 15.6x | 21.4x | 1.5x |
| Fri, 10 Mar 2023 | NZ$162.6b | NZ$104.8b | NZ$7.4b | 16.2x | 22.1x | 1.6x |
| Sun, 05 Feb 2023 | NZ$167.1b | NZ$100.4b | NZ$6.6b | 16.8x | 25.3x | 1.7x |
| Tue, 03 Jan 2023 | NZ$157.7b | NZ$100.3b | NZ$6.6b | 15.6x | 23.9x | 1.6x |
| Thu, 01 Dec 2022 | NZ$157.3b | NZ$100.2b | NZ$6.9b | 16.3x | 22.8x | 1.6x |
| Sat, 29 Oct 2022 | NZ$154.8b | NZ$99.5b | NZ$7.9b | 16.5x | 19.7x | 1.6x |
| Mon, 26 Sep 2022 | NZ$159.9b | NZ$99.7b | NZ$7.8b | 17.4x | 20.4x | 1.6x |
| Wed, 24 Aug 2022 | NZ$164.4b | NZ$96.5b | NZ$8.1b | 18.4x | 20.3x | 1.7x |
| Fri, 22 Jul 2022 | NZ$159.7b | NZ$96.4b | NZ$8.4b | 18.9x | 19.1x | 1.7x |
| Sun, 19 Jun 2022 | NZ$150.9b | NZ$96.3b | NZ$8.4b | 17.5x | 18.1x | 1.6x |
| Tue, 17 May 2022 | NZ$160.3b | NZ$100.7b | NZ$8.7b | 17.3x | 18.4x | 1.6x |
Price to Earnings Ratio
18.4x
Current Market PE
- Investors are optimistic on the New Zealander market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 64.8x which is higher than its 3-year average PE of 30.8x.
Past Earnings Growth
- The earnings for New Zealander listed companies have declined 33% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.6% 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, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the New Zealand Market?
| NZ Market | 2.35% | |
| Financials | 4.44% | |
| Energy | 3.59% | |
| Real Estate | 3.38% | |
| Telecom | 3.04% | |
| Industrials | 2.74% | |
| Healthcare | 2.34% | |
| Utilities | 2.28% | |
| Materials | 0.37% | |
| Consumer Staples | 0.36% | |
| Consumer Discretionary | -0.021% | |
| Tech | -1.01% | |
Sector PE
- Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 40.2x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 21.2% which is higher than its past year's earnings decline of 35.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 85% over the next 5 years.
- In contrast, the Energy sector is expected to see its earnings grow by 14% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| IFT Infratil | NZ$11.60 | 4.7% +NZ$503.4m | 8.9% | PS3.1x | Financials | |
| MNW Manawa Energy | NZ$6.26 | 29.1% +NZ$441.3m | 49.0% | PS3.5x | Utilities | |
| FPH Fisher & Paykel Healthcare | NZ$35.95 | 2.0% +NZ$416.2m | 24.6% | PE118.1x | Healthcare | |
| MCY Mercury NZ | NZ$6.12 | 3.9% +NZ$323.6m | -4.4% | PE175.7x | Utilities | |
| POT Port of Tauranga | NZ$6.60 | 6.6% +NZ$278.9m | 37.5% | PE43.3x | Industrials |
