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New Zealand (NZX) Market Analysis & Valuation

UpdatedNov 05, 2025
DataAggregated Company Financials
Companies105
  • 7D1.3%
  • 3M5.4%
  • 1Y6.3%
  • YTD3.9%

Over the last 7 days, the market has risen 1.3%, driven by gains of 2.8% in the Healthcare sector. On the other hand, with a decline of 4.9%, the Information Technology sector is lagging behind. In the last year, the market has climbed 6.3%. As for the next few years, earnings are expected to grow by 21% per annum.

Trending IndustriesSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Nov 2025NZ$181.2bNZ$116.0bNZ$3.5b19.5x52.1x1.6x
Fri, 03 Oct 2025NZ$179.6bNZ$115.8bNZ$3.5b18.7x51.7x1.6x
Sun, 31 Aug 2025NZ$173.6bNZ$115.6bNZ$3.5b17.7x50x1.5x
Tue, 29 Jul 2025NZ$171.4bNZ$115.7bNZ$3.5b19.2x49.3x1.5x
Thu, 26 Jun 2025NZ$166.5bNZ$116.0bNZ$3.5b19.6x48.1x1.4x
Sat, 24 May 2025NZ$168.0bNZ$115.4bNZ$2.9b18.6x58.4x1.5x
Mon, 21 Apr 2025NZ$161.0bNZ$115.2bNZ$2.6b18.8x61.4x1.4x
Wed, 19 Mar 2025NZ$160.4bNZ$113.9bNZ$2.6b18.8x62.6x1.4x
Fri, 14 Feb 2025NZ$171.0bNZ$113.7bNZ$3.2b20.1x54.2x1.5x
Sun, 12 Jan 2025NZ$169.7bNZ$113.6bNZ$3.1b20.1x54.1x1.5x
Tue, 10 Dec 2024NZ$168.8bNZ$113.6bNZ$3.1b19.5x53.8x1.5x
Thu, 07 Nov 2024NZ$168.2bNZ$112.8bNZ$4.3b19.4x39.3x1.5x
Sat, 05 Oct 2024NZ$165.6bNZ$112.8bNZ$4.3b19.1x38.6x1.5x
Mon, 02 Sep 2024NZ$163.9bNZ$112.9bNZ$4.8b20.2x34.4x1.5x
Wed, 31 Jul 2024NZ$163.3bNZ$110.8bNZ$4.7b17.6x35x1.5x
Fri, 28 Jun 2024NZ$154.6bNZ$109.6bNZ$4.3b14.9x35.8x1.4x
Sun, 26 May 2024NZ$155.1bNZ$110.9bNZ$5.3b15.5x29.3x1.4x
Tue, 23 Apr 2024NZ$154.8bNZ$110.0bNZ$5.8b16.7x26.6x1.4x
Thu, 21 Mar 2024NZ$155.9bNZ$111.2bNZ$5.7b16.9x27.2x1.4x
Sat, 17 Feb 2024NZ$155.4bNZ$109.1bNZ$6.4b14.9x24.3x1.4x
Mon, 15 Jan 2024NZ$158.8bNZ$109.2bNZ$6.6b16x23.9x1.5x
Wed, 13 Dec 2023NZ$153.2bNZ$109.2bNZ$6.6b15.6x23.1x1.4x
Fri, 10 Nov 2023NZ$149.0bNZ$109.2bNZ$5.8b16.4x25.6x1.4x
Sun, 08 Oct 2023NZ$152.0bNZ$109.0bNZ$5.8b16.1x26.1x1.4x
Tue, 05 Sep 2023NZ$157.2bNZ$110.7bNZ$5.9b16.4x26.6x1.4x
Thu, 03 Aug 2023NZ$164.2bNZ$108.2bNZ$6.6b17x24.8x1.5x
Sat, 01 Jul 2023NZ$163.6bNZ$108.4bNZ$6.6b16.1x24.7x1.5x
Mon, 29 May 2023NZ$160.7bNZ$107.2bNZ$7.0b15.7x23.1x1.5x
Wed, 26 Apr 2023NZ$164.0bNZ$107.4bNZ$7.6b15.6x21.6x1.5x
Fri, 24 Mar 2023NZ$150.0bNZ$106.2bNZ$7.2b15.7x20.9x1.4x
Sun, 19 Feb 2023NZ$166.4bNZ$100.8bNZ$6.4b17.2x25.8x1.7x
Tue, 17 Jan 2023NZ$162.0bNZ$100.4bNZ$6.6b15.9x24.5x1.6x
Thu, 15 Dec 2022NZ$159.4bNZ$100.0bNZ$6.6b16.1x24.1x1.6x
Sat, 12 Nov 2022NZ$154.5bNZ$100.1bNZ$7.9b16x19.6x1.5x
Price to Earnings Ratio

19.6x


Total Market Cap: NZ$154.5bTotal Earnings: NZ$7.9bTotal Revenue: NZ$100.1bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Market Price to Earnings3Y Average 35.9x202320242025
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 52.1x which is higher than its 3-year average PE of 35.9x.
Past Earnings Growth
  • The earnings for New Zealander listed companies have declined 24% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.0% 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 Market1.30%
Energy6.32%
Healthcare2.75%
Consumer Staples2.14%
Consumer Discretionary1.81%
Telecom1.17%
Real Estate1.02%
Utilities0.98%
Materials0.76%
Industrials0.71%
Financials0.25%
Tech-4.91%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 54.2x.
    • Analysts are expecting annual earnings growth of 20.7%, which is lower than the prior year's growth of 34.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 100% over the next 5 years.
  • In contrast, the Industrials sector is expected to see its earnings grow by 12% 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$37.754.5%
+NZ$957.2m		4.9%PE58.8xHealthcare
FBU Fletcher BuildingNZ$3.387.0%
+NZ$235.5m		10.8%PS0.5xIndustrials
ATM a2 MilkNZ$10.972.5%
+NZ$195.9m		86.2%PE39.2xConsumer Staples
CNU ChorusNZ$9.533.4%
+NZ$134.5m		7.7%PE1033.7xTelecom
EBO EBOS GroupNZ$28.802.2%
+NZ$129.2m		-22.2%PE23.9xHealthcare
See more

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