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New Zealand (NZX) Market Analysis & Valuation

UpdatedMay 09, 2025
DataAggregated Company Financials
Companies107
  • 7D2.7%
  • 3M-3.9%
  • 1Y3.8%
  • YTD-4.4%

The market is up 2.7% over the last week, with the Industrials sector leading the way, up 5.5%. On the other hand, with a decline of 4.7%, the Materials sector is lagging behind. As for the past 12 months, the market is up 3.8%. As for the next few years, earnings are expected to grow by 26% per annum.

Trending IndustriesSoftware

Market Valuation and Performance

Has the New Zealand Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 May 2025NZ$165.7bNZ$115.3bNZ$2.6b18.6x63.1x1.4x
Sun, 06 Apr 2025NZ$162.5bNZ$115.3bNZ$2.6b18.1x61.9x1.4x
Tue, 04 Mar 2025NZ$166.9bNZ$114.1bNZ$2.5b19.6x67.1x1.5x
Thu, 30 Jan 2025NZ$171.1bNZ$113.6bNZ$3.2b20.4x54.3x1.5x
Sat, 28 Dec 2024NZ$171.5bNZ$113.6bNZ$3.1b20x54.7x1.5x
Mon, 25 Nov 2024NZ$171.5bNZ$113.5bNZ$3.0b19.9x57.2x1.5x
Wed, 23 Oct 2024NZ$170.2bNZ$112.8bNZ$4.3b19.3x39.7x1.5x
Fri, 20 Sep 2024NZ$164.3bNZ$113.0bNZ$4.6b19.2x35.9x1.5x
Sun, 18 Aug 2024NZ$167.0bNZ$110.8bNZ$4.8b19.9x35.1x1.5x
Tue, 16 Jul 2024NZ$159.7bNZ$110.9bNZ$4.7b16.6x34.1x1.4x
Thu, 13 Jun 2024NZ$155.1bNZ$109.5bNZ$4.3b15x36x1.4x
Sat, 11 May 2024NZ$154.0bNZ$110.1bNZ$5.8b15.3x26.4x1.4x
Mon, 08 Apr 2024NZ$157.6bNZ$110.0bNZ$5.8b17.2x27.1x1.4x
Wed, 06 Mar 2024NZ$155.9bNZ$111.1bNZ$5.8b17.3x27.1x1.4x
Fri, 02 Feb 2024NZ$158.0bNZ$109.2bNZ$6.6b15.6x23.8x1.4x
Sun, 31 Dec 2023NZ$157.6bNZ$109.3bNZ$6.6b15.8x23.7x1.4x
Tue, 28 Nov 2023NZ$149.6bNZ$109.2bNZ$6.6b16x22.7x1.4x
Thu, 26 Oct 2023NZ$146.6bNZ$109.3bNZ$5.8b16.2x25.1x1.3x
Sat, 23 Sep 2023NZ$153.9bNZ$109.4bNZ$5.9b16x26.1x1.4x
Mon, 21 Aug 2023NZ$159.4bNZ$108.1bNZ$6.4b17.1x24.9x1.5x
Wed, 19 Jul 2023NZ$163.3bNZ$108.3bNZ$6.6b17.1x24.7x1.5x
Fri, 16 Jun 2023NZ$159.7bNZ$108.0bNZ$6.2b15.9x25.7x1.5x
Sun, 14 May 2023NZ$163.4bNZ$107.3bNZ$7.6b15.2x21.5x1.5x
Tue, 11 Apr 2023NZ$162.6bNZ$107.2bNZ$7.6b15.6x21.4x1.5x
Thu, 09 Mar 2023NZ$163.5bNZ$104.8bNZ$7.4b16.4x22.2x1.6x
Sat, 04 Feb 2023NZ$166.7bNZ$100.4bNZ$6.6b16.8x25.2x1.7x
Mon, 02 Jan 2023NZ$157.7bNZ$100.2bNZ$6.6b15.6x23.9x1.6x
Wed, 30 Nov 2022NZ$155.9bNZ$100.4bNZ$7.0b16.3x22.2x1.6x
Fri, 28 Oct 2022NZ$154.4bNZ$99.6bNZ$7.9b16.5x19.6x1.5x
Sun, 25 Sep 2022NZ$159.9bNZ$99.7bNZ$7.8b17.4x20.4x1.6x
Tue, 23 Aug 2022NZ$166.3bNZ$96.6bNZ$7.9b18.4x21.1x1.7x
Thu, 21 Jul 2022NZ$158.8bNZ$96.4bNZ$8.4b18.7x19x1.6x
Sat, 18 Jun 2022NZ$150.9bNZ$96.4bNZ$8.4b17.5x18.1x1.6x
Mon, 16 May 2022NZ$160.3bNZ$100.7bNZ$8.7b17.3x18.4x1.6x
Price to Earnings Ratio

18.4x


Total Market Cap: NZ$160.3bTotal Earnings: NZ$8.7bTotal Revenue: NZ$100.7bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Market Price to Earnings3Y Average 30.7x202320242025
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 63.1x which is higher than its 3-year average PE of 30.7x.
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 Market2.69%
Industrials5.51%
Real Estate4.68%
Telecom3.46%
Financials3.12%
Utilities1.96%
Healthcare1.81%
Energy1.03%
Tech0.43%
Consumer Staples0.12%
Consumer Discretionary-0.19%
Materials-4.65%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 40.1x.
    • 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?

CompanyLast Price7D1YValuationSector
IFT InfratilNZ$11.604.7%
+NZ$503.4m		8.9%PS3.1xFinancials
MNW Manawa EnergyNZ$6.2629.1%
+NZ$441.3m		49.0%PS3.5xUtilities
FPH Fisher & Paykel HealthcareNZ$35.952.0%
+NZ$416.2m		24.6%PE118.1xHealthcare
MCY Mercury NZNZ$6.123.9%
+NZ$323.6m		-4.4%PE175.7xUtilities
POT Port of TaurangaNZ$6.606.6%
+NZ$278.9m		37.5%PE43.3xIndustrials
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NZ$6.26

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PEB

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THL

NZ$1.33

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-14.0%

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IFT

NZ$11.60

Infratil

7D

4.7%

1Y

8.9%

EBO

NZ$38.90

EBOS Group

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2.9%

1Y

11.6%

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MCY

NZ$6.12

Mercury NZ

7D

3.9%

1Y

-4.4%

FBU

NZ$3.36

Fletcher Building

7D

7.0%

1Y

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NZ$2.21

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7D

5.0%

1Y

-49.5%

VGL

NZ$3.48

Vista Group International

7D

-4.1%

1Y

90.2%

FPH

NZ$35.95

Fisher & Paykel Healthcare

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24.6%

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RBD

NZ$3.12

Restaurant Brands New Zealand

7D

-5.2%

1Y

-1.0%

WHS

NZ$0.79

Warehouse Group

7D

-3.7%

1Y

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