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New Zealand (NZX) Market Analysis & Valuation

UpdatedApr 04, 2025
DataAggregated Company Financials
Companies107
  • 7D0.2%
  • 3M-5.4%
  • 1Y-0.4%
  • YTD-5.4%

The market has been flat in the last week, however the Materials sector is down 6.4%. In line with that, the market has also been flat over the past year. Earnings are forecast to grow by 28% annually.

Trending IndustriesSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 04 Apr 2025NZ$163.5bNZ$115.4bNZ$2.6b18.5x62.2x1.4x
Sun, 02 Mar 2025NZ$167.4bNZ$114.1bNZ$2.5b19.5x67.2x1.5x
Tue, 28 Jan 2025NZ$171.1bNZ$113.7bNZ$3.2b20.1x54.3x1.5x
Thu, 26 Dec 2024NZ$171.5bNZ$113.6bNZ$3.1b19.9x54.8x1.5x
Sat, 23 Nov 2024NZ$168.7bNZ$113.4bNZ$3.0b19.7x55.3x1.5x
Mon, 21 Oct 2024NZ$170.4bNZ$112.8bNZ$4.3b19.4x39.8x1.5x
Wed, 18 Sep 2024NZ$164.8bNZ$113.0bNZ$4.6b19.4x36.1x1.5x
Fri, 16 Aug 2024NZ$166.9bNZ$110.8bNZ$4.8b18.9x35x1.5x
Sun, 14 Jul 2024NZ$160.0bNZ$110.9bNZ$4.7b16.5x34.2x1.4x
Tue, 11 Jun 2024NZ$155.0bNZ$109.5bNZ$4.3b14.9x36x1.4x
Thu, 09 May 2024NZ$154.0bNZ$110.1bNZ$5.8b15.8x26.5x1.4x
Sat, 06 Apr 2024NZ$157.6bNZ$110.0bNZ$5.8b17.2x27.1x1.4x
Mon, 04 Mar 2024NZ$156.1bNZ$111.2bNZ$5.8b17.2x27.1x1.4x
Wed, 31 Jan 2024NZ$158.8bNZ$109.3bNZ$6.6b15.6x23.9x1.5x
Fri, 29 Dec 2023NZ$156.5bNZ$109.3bNZ$6.6b15.8x23.5x1.4x
Sun, 26 Nov 2023NZ$150.2bNZ$109.1bNZ$6.6b15.6x22.8x1.4x
Tue, 24 Oct 2023NZ$147.9bNZ$109.2bNZ$5.8b16.5x25.4x1.4x
Thu, 21 Sep 2023NZ$153.3bNZ$110.6bNZ$5.9b16.2x26.1x1.4x
Sat, 19 Aug 2023NZ$159.4bNZ$108.1bNZ$6.4b17.1x24.9x1.5x
Mon, 17 Jul 2023NZ$164.5bNZ$108.2bNZ$6.6b17x24.9x1.5x
Wed, 14 Jun 2023NZ$158.3bNZ$108.0bNZ$6.2b16x25.5x1.5x
Fri, 12 May 2023NZ$163.0bNZ$107.2bNZ$7.6b15.2x21.5x1.5x
Sun, 09 Apr 2023NZ$162.6bNZ$107.2bNZ$7.6b15.6x21.4x1.5x
Tue, 07 Mar 2023NZ$163.3bNZ$105.0bNZ$7.4b16.5x22.1x1.6x
Thu, 02 Feb 2023NZ$165.1bNZ$100.5bNZ$6.6b16.8x25x1.6x
Sat, 31 Dec 2022NZ$158.8bNZ$100.2bNZ$6.6b15.6x24x1.6x
Mon, 28 Nov 2022NZ$157.0bNZ$100.4bNZ$7.0b16.1x22.4x1.6x
Wed, 26 Oct 2022NZ$151.6bNZ$99.5bNZ$7.9b16.5x19.3x1.5x
Fri, 23 Sep 2022NZ$160.9bNZ$98.3bNZ$7.7b17.5x20.8x1.6x
Sun, 21 Aug 2022NZ$165.3bNZ$96.5bNZ$8.1b18.4x20.3x1.7x
Tue, 19 Jul 2022NZ$157.9bNZ$96.4bNZ$8.4b18.5x18.9x1.6x
Thu, 16 Jun 2022NZ$151.6bNZ$96.4bNZ$8.4b17.7x18.1x1.6x
Sat, 14 May 2022NZ$160.3bNZ$100.6bNZ$8.7b17.3x18.4x1.6x
Mon, 11 Apr 2022NZ$171.3bNZ$100.5bNZ$8.8b18.5x19.5x1.7x
Price to Earnings Ratio

19.5x


Total Market Cap: NZ$171.3bTotal Earnings: NZ$8.8bTotal Revenue: NZ$100.5bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Market Price to Earnings3Y Average 29.4x202320242025
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 62.2x which is higher than its 3-year average PE of 29.4x.
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 4.7% 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 Market0.22%
Utilities2.28%
Healthcare2.09%
Tech1.52%
Telecom0.16%
Consumer Discretionary0.16%
Real Estate0.083%
Energy-0.51%
Consumer Staples-1.15%
Industrials-1.40%
Financials-4.74%
Materials-6.43%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 39.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 21.9% which is higher than its past year's earnings decline of 40.5% 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
FPH Fisher & Paykel HealthcareNZ$34.582.8%
+NZ$545.1m		34.1%PE113.6xHealthcare
MCY Mercury NZNZ$5.885.7%
+NZ$440.8m		-11.6%PE167.9xUtilities
MEL Meridian EnergyNZ$5.761.6%
+NZ$234.6m		-2.5%PE128.3xUtilities
EBO EBOS GroupNZ$38.902.7%
+NZ$196.6m		12.3%PE28.2xHealthcare
CEN Contact EnergyNZ$9.202.3%
+NZ$168.6m		7.5%PE33xUtilities
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Our recent updates have been pretty US-heavy, and for good reason. Trump’s “shock and awe” approach to trade (with a side of WTF) has kept markets guessing...
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CEN

NZ$9.20

Contact Energy

7D

2.3%

1Y

7.5%

Contact Energy Limited's (NZSE:CEN) Share Price Could Signal Some Risk

Apr 02
Contact Energy Limited's (NZSE:CEN) Share Price Could Signal Some Risk

SUM

NZ$11.00

Summerset Group Holdings

7D

-3.9%

1Y

-3.8%

EBO

NZ$38.90

EBOS Group

7D

2.7%

1Y

12.3%

These 4 Measures Indicate That EBOS Group (NZSE:EBO) Is Using Debt Reasonably Well

Mar 30
These 4 Measures Indicate That EBOS Group (NZSE:EBO) Is Using Debt Reasonably Well

GTK

NZ$10.52

Gentrack Group

7D

-8.1%

1Y

26.7%

RYM

NZ$2.64

Ryman Healthcare

7D

-4.3%

1Y

-41.3%

FPH

NZ$34.58

Fisher & Paykel Healthcare

7D

2.8%

1Y

34.1%

Unpleasant Surprises Could Be In Store For Fisher & Paykel Healthcare Corporation Limited's (NZSE:FPH) Shares

Mar 25
Unpleasant Surprises Could Be In Store For Fisher & Paykel Healthcare Corporation Limited's (NZSE:FPH) Shares

MCY

NZ$5.88

Mercury NZ

7D

5.7%

1Y

-11.6%

ATM

NZ$8.54

a2 Milk

7D

-3.0%

1Y

34.5%

IFT

NZ$9.75

Infratil

7D

-7.3%

1Y

-9.9%

VCT

NZ$3.98

Vector

7D

1.8%

1Y

3.6%

Is Vector (NZSE:VCT) A Risky Investment?

Mar 21
Is Vector (NZSE:VCT) A Risky Investment?

MEL

NZ$5.76

Meridian Energy

7D

1.6%

1Y

-2.5%

Does Meridian Energy (NZSE:MEL) Have A Healthy Balance Sheet?

Mar 21
Does Meridian Energy (NZSE:MEL) Have A Healthy Balance Sheet?

AIA

NZ$8.00

Auckland International Airport

7D

-0.8%

1Y

-3.2%

Does Auckland International Airport (NZSE:AIA) Have A Healthy Balance Sheet?

Mar 20
Does Auckland International Airport (NZSE:AIA) Have A Healthy Balance Sheet?

MFT

NZ$62.12

Mainfreight

7D

-1.7%

1Y

-8.6%

FBU

NZ$3.18

Fletcher Building

7D

-3.6%

1Y

-21.5%

Some Investors May Be Worried About Fletcher Building's (NZSE:FBU) Returns On Capital

Mar 13
Some Investors May Be Worried About Fletcher Building's (NZSE:FBU) Returns On Capital

ARG

NZ$1.02

Argosy Property

7D

3.0%

1Y

-12.5%

VHP

NZ$1.77

Vital Healthcare Property Trust

7D

4.1%

1Y

-18.4%