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New Zealand (NZX) Market Analysis & Valuation

UpdatedFeb 08, 2025
DataAggregated Company Financials
Companies110
  • 7D-0.5%
  • 3M1.1%
  • 1Y5.0%
  • YTD-0.4%

In the last week, the market has been flat, with a notable exception in the Healthcare sector dropping 3.2%. More promisingly, the market is up 5.0% over the past year. Looking forward, earnings are forecast to grow by 24% annually.

Trending IndustriesSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Feb 2025NZ$169.9bNZ$113.7bNZ$3.2b19.7x53.9x1.5x
Mon, 06 Jan 2025NZ$171.1bNZ$113.7bNZ$3.1b20.2x54.6x1.5x
Wed, 04 Dec 2024NZ$173.0bNZ$113.6bNZ$3.1b19.9x55.1x1.5x
Fri, 01 Nov 2024NZ$169.3bNZ$112.8bNZ$4.3b19.5x39.5x1.5x
Sun, 29 Sep 2024NZ$164.4bNZ$112.3bNZ$4.4b19.1x37.5x1.5x
Tue, 27 Aug 2024NZ$165.6bNZ$112.0bNZ$4.4b20.4x37.8x1.5x
Thu, 25 Jul 2024NZ$164.7bNZ$110.9bNZ$4.7b17.4x35.3x1.5x
Sat, 22 Jun 2024NZ$154.3bNZ$109.5bNZ$4.3b14.8x35.8x1.4x
Mon, 20 May 2024NZ$154.0bNZ$110.0bNZ$5.9b15.4x25.9x1.4x
Wed, 17 Apr 2024NZ$156.0bNZ$110.0bNZ$5.8b16.6x26.8x1.4x
Fri, 15 Mar 2024NZ$155.9bNZ$111.2bNZ$5.7b16.9x27.1x1.4x
Sun, 11 Feb 2024NZ$157.9bNZ$109.1bNZ$6.6b14.1x23.8x1.4x
Tue, 09 Jan 2024NZ$157.5bNZ$109.3bNZ$6.6b16.3x23.7x1.4x
Thu, 07 Dec 2023NZ$151.7bNZ$109.2bNZ$6.6b15.5x22.8x1.4x
Sat, 04 Nov 2023NZ$149.0bNZ$109.3bNZ$5.8b16.4x25.6x1.4x
Mon, 02 Oct 2023NZ$152.2bNZ$110.2bNZ$5.9b16.7x26x1.4x
Wed, 30 Aug 2023NZ$157.3bNZ$110.6bNZ$5.9b16.8x26.6x1.4x
Fri, 28 Jul 2023NZ$164.0bNZ$108.3bNZ$6.6b16.8x24.7x1.5x
Sun, 25 Jun 2023NZ$161.5bNZ$108.4bNZ$6.6b16.1x24.4x1.5x
Tue, 23 May 2023NZ$163.7bNZ$107.0bNZ$7.4b15.5x22x1.5x
Thu, 20 Apr 2023NZ$162.4bNZ$107.4bNZ$7.6b15.3x21.4x1.5x
Sat, 18 Mar 2023NZ$161.1bNZ$107.0bNZ$7.5b16.1x21.4x1.5x
Mon, 13 Feb 2023NZ$166.9bNZ$100.5bNZ$6.6b17.1x25.2x1.7x
Wed, 11 Jan 2023NZ$159.9bNZ$100.3bNZ$6.6b15.8x24.2x1.6x
Fri, 09 Dec 2022NZ$159.5bNZ$100.0bNZ$6.6b16.3x24.1x1.6x
Sun, 06 Nov 2022NZ$156.3bNZ$99.3bNZ$7.9b16.7x19.9x1.6x
Tue, 04 Oct 2022NZ$153.5bNZ$99.9bNZ$7.9b17x19.5x1.5x
Thu, 01 Sep 2022NZ$163.0bNZ$98.0bNZ$7.7b17.9x21x1.7x
Sat, 30 Jul 2022NZ$162.6bNZ$96.5bNZ$8.3b19.3x19.5x1.7x
Mon, 27 Jun 2022NZ$153.5bNZ$96.3bNZ$8.4b17.7x18.4x1.6x
Wed, 25 May 2022NZ$161.0bNZ$99.6bNZ$8.7b16.9x18.5x1.6x
Fri, 22 Apr 2022NZ$169.6bNZ$100.5bNZ$8.7b18.1x19.4x1.7x
Sun, 20 Mar 2022NZ$172.7bNZ$100.2bNZ$8.8b16x19.6x1.7x
Tue, 15 Feb 2022NZ$171.5bNZ$98.2bNZ$8.9b18x19.2x1.7x
Price to Earnings Ratio

19.2x


Total Market Cap: NZ$171.5bTotal Earnings: NZ$8.9bTotal Revenue: NZ$98.2bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Market Price to Earnings3Y Average 27.3x202320242025
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 53.9x which is higher than its 3-year average PE of 27.3x.
Past Earnings Growth
  • The earnings for New Zealander listed companies have declined 29% 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 Market-0.54%
Tech2.18%
Materials2.02%
Energy1.57%
Consumer Staples0.79%
Consumer Discretionary0.54%
Financials0.52%
Industrials0.38%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Utilities-0.0069%
Real Estate-0.53%
Telecom-1.08%
Healthcare-3.23%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 402x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 24.0% which is higher than its past year's earnings decline of 6.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 68% over the next 5 years.
  • This is better than its past earnings growth rate of 41% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 9.3% 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
EBO EBOS GroupNZ$41.553.9%
+NZ$301.8m		14.1%PE26.9xHealthcare
AIA Auckland International AirportNZ$8.710.8%
+NZ$117.7m		3.9%PE2663.4xIndustrials
FBU Fletcher BuildingNZ$2.953.1%
+NZ$96.2m		-29.1%PS0.4xIndustrials
GNE Genesis EnergyNZ$2.293.9%
+NZ$92.7m		-10.9%PE19xUtilities
MCY Mercury NZNZ$6.360.7%
+NZ$63.0m		-7.2%PE30.7xUtilities
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FPH

NZ$35.15

Fisher & Paykel Healthcare

7D

-6.5%

1Y

43.9%

Returns On Capital At Fisher & Paykel Healthcare (NZSE:FPH) Paint A Concerning Picture

Feb 07
Returns On Capital At Fisher & Paykel Healthcare (NZSE:FPH) Paint A Concerning Picture

MFT

NZ$70.73

Mainfreight

7D

-1.8%

1Y

0.9%

Calculating The Intrinsic Value Of Mainfreight Limited (NZSE:MFT)

Feb 04
Calculating The Intrinsic Value Of Mainfreight Limited (NZSE:MFT)

FBU

NZ$2.95

Fletcher Building

7D

3.1%

1Y

-29.1%

EBO

NZ$41.55

EBOS Group

7D

3.9%

1Y

14.1%

HGH

NZ$1.14

Heartland Group Holdings

7D

5.6%

1Y

-10.9%

GTK

NZ$13.29

Gentrack Group

7D

4.6%

1Y

84.6%

MCY

NZ$6.36

Mercury NZ

7D

0.7%

1Y

-7.2%

CNU

NZ$8.58

Chorus

7D

-0.9%

1Y

8.0%

Slowing Rates Of Return At Chorus (NZSE:CNU) Leave Little Room For Excitement

Jan 20
Slowing Rates Of Return At Chorus (NZSE:CNU) Leave Little Room For Excitement

VCT

NZ$3.90

Vector

7D

-1.0%

1Y

1.6%

Vector Limited (NZSE:VCT) Not Flying Under The Radar

Jan 17
Vector Limited (NZSE:VCT) Not Flying Under The Radar

AIA

NZ$8.71

Auckland International Airport

7D

0.8%

1Y

3.9%

FRW

NZ$10.97

Freightways Group

7D

2.5%

1Y

31.7%

SPK

NZ$2.88

Spark New Zealand

7D

-1.0%

1Y

-44.5%

GNE

NZ$2.29

Genesis Energy

7D

3.9%

1Y

-10.9%

GMT

NZ$2.05

Goodman Property Trust

7D

-1.7%

1Y

-6.2%

IFT

NZ$11.17

Infratil

7D

-0.4%

1Y

5.3%

MNW

NZ$5.21

Manawa Energy

7D

-7.8%

1Y

23.5%