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Australian (ASX) Market Analysis & Valuation

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies1677
  • 7D0.1%
  • 3M0.6%
  • 1Y6.2%
  • YTD1.9%

Over the last 7 days, the market has remained flat, although notably the Materials sector declined by 3.3%. Meanwhile, the market is actually up 6.2% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Market Valuation and Performance

Has the Australian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Jun 2024AU$2.6tAU$1.2tAU$92.3b18.6x28x2.2x
Fri, 17 May 2024AU$2.6tAU$1.2tAU$92.4b19.6x28.4x2.3x
Sun, 14 Apr 2024AU$2.6tAU$1.2tAU$95.3b20.3x27.2x2.2x
Tue, 12 Mar 2024AU$2.6tAU$1.2tAU$96.6b19.6x26.7x2.2x
Thu, 08 Feb 2024AU$2.5tAU$1.2tAU$118.1b19x21.5x2.2x
Sat, 06 Jan 2024AU$2.5tAU$1.2tAU$115.5b18.7x21.8x2.1x
Mon, 04 Dec 2023AU$2.4tAU$1.2tAU$115.5b18x20.5x2x
Wed, 01 Nov 2023AU$2.3tAU$1.2tAU$119.6b17.3x19.1x1.9x
Fri, 29 Sep 2023AU$2.4tAU$1.2tAU$119.6b17.8x19.8x2x
Sun, 27 Aug 2023AU$2.4tAU$1.2tAU$125.3b17.2x19.2x2x
Tue, 25 Jul 2023AU$2.5tAU$1.2tAU$144.7b16.6x17x2.1x
Thu, 22 Jun 2023AU$2.4tAU$1.2tAU$144.6b16.1x16.9x2.1x
Sat, 20 May 2023AU$2.4tAU$1.2tAU$145.5b16.2x16.7x2.1x
Mon, 17 Apr 2023AU$2.5tAU$1.2tAU$144.3b16.2x17.1x2.1x
Wed, 15 Mar 2023AU$2.4tAU$1.2tAU$144.2b15.8x16.3x2x
Fri, 10 Feb 2023AU$2.5tAU$1.1tAU$146.5b16.4x17.2x2.3x
Sun, 08 Jan 2023AU$2.4tAU$1.1tAU$147.6b15.3x16.2x2.2x
Tue, 06 Dec 2022AU$2.5tAU$1.1tAU$148.8b14.8x16.5x2.3x
Thu, 03 Nov 2022AU$2.4tAU$1.1tAU$151.1b14.9x15.6x2.1x
Sat, 01 Oct 2022AU$2.2tAU$1.1tAU$149.9b14.1x14.6x2x
Mon, 29 Aug 2022AU$2.4tAU$1.1tAU$148.8b15.3x16.2x2.3x
Wed, 27 Jul 2022AU$2.3tAU$1.0tAU$132.5b14.8x17.4x2.3x
Fri, 24 Jun 2022AU$2.2tAU$1.0tAU$133.8b14.6x16.5x2.1x
Sun, 22 May 2022AU$2.5tAU$1.0tAU$133.5b16.2x18.4x2.3x
Tue, 19 Apr 2022AU$2.6tAU$1.0tAU$128.8b17.5x20.2x2.5x
Thu, 17 Mar 2022AU$2.6tAU$1.0tAU$131.2b17.5x19.5x2.4x
Sat, 12 Feb 2022AU$2.6tAU$982.6bAU$111.5b18.6x23x2.6x
Mon, 10 Jan 2022AU$2.6tAU$976.9bAU$104.3b19.4x25.4x2.7x
Wed, 08 Dec 2021AU$2.5tAU$981.2bAU$103.1b18.4x24.6x2.6x
Fri, 05 Nov 2021AU$2.6tAU$962.7bAU$97.9b19.6x26.7x2.7x
Sun, 03 Oct 2021AU$2.5tAU$961.0bAU$95.7b18.8x26.2x2.6x
Tue, 31 Aug 2021AU$2.6tAU$949.7bAU$96.9b18.4x26.9x2.7x
Wed, 07 Jul 2021AU$2.5tAU$945.8bAU$96.5b17.7x25.9x2.6x
Price to Earnings Ratio

25.9x


Total Market Cap: AU$2.5tTotal Earnings: AU$96.5bTotal Revenue: AU$945.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 20.7x202220232024
Current Market PE
  • Investors are optimistic on the Australian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 28.0x which is higher than its 3-year average PE of 20.7x.
Past Earnings Growth
  • The earnings for Australian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 7.1% 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 and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Australian Market?

AU Market0.14%
Healthcare2.83%
Financials1.64%
Utilities1.53%
Telecom1.45%
Consumer Discretionary1.33%
Consumer Staples1.25%
Real Estate0.47%
Industrials-0.48%
Tech-1.37%
Energy-1.63%
Materials-3.28%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 61.9x.
    • Analysts are expecting annual earnings growth of 17.6%, which is lower than the prior year's growth of 20.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline 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
CBA Commonwealth Bank of AustraliaAU$127.982.4%
+AU$5.1b
25.9%PB2.9xFinancials
CSL CSLAU$293.872.6%
+AU$3.7b
3.7%PE38xHealthcare
NAB National Australia BankAU$36.003.2%
+AU$3.5b
35.8%PB1.8xFinancials
WBC Westpac BankingAU$27.222.0%
+AU$1.8b
27.0%PB1.3xFinancials
GMG Goodman GroupAU$35.672.7%
+AU$1.8b
72.1%PB3.9xReal Estate
See more
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Market Insights

Last week, we looked at some of the reasons the healthcare sector has underperformed over the last few years...

Latest News

ASX

AU$58.40

ASX

7D

-7.9%

1Y

-6.6%

GMG

AU$35.67

Goodman Group

7D

2.7%

1Y

72.1%

BHP

AU$42.80

BHP Group

7D

-2.1%

1Y

-8.4%

CSL

AU$293.87

CSL

7D

2.6%

1Y

3.7%

WBC

AU$27.22

Westpac Banking

7D

2.0%

1Y

27.0%

NAB

AU$36.00

National Australia Bank

7D

3.2%

1Y

35.8%

CBA

AU$127.98

Commonwealth Bank of Australia

7D

2.4%

1Y

25.9%

MIN

AU$61.35

Mineral Resources

7D

-7.8%

1Y

-17.2%