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Australian (ASX) Market Analysis & Valuation

UpdatedMay 15, 2024
DataAggregated Company Financials
Companies1688
  • 7D-0.9%
  • 3M2.4%
  • 1Y7.4%
  • YTD1.5%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. More promisingly, the market is up 7.4% over the past year. Earnings are forecast to grow by 14% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 May 2024AU$2.6tAU$1.2tAU$93.1b19.6x27.7x2.2x
Fri, 12 Apr 2024AU$2.6tAU$1.2tAU$95.1b20.4x27.4x2.2x
Sun, 10 Mar 2024AU$2.6tAU$1.2tAU$96.5b19.6x27.2x2.2x
Tue, 06 Feb 2024AU$2.5tAU$1.2tAU$118.2b19x21.5x2.2x
Thu, 04 Jan 2024AU$2.5tAU$1.2tAU$115.1b18.8x22x2.2x
Sat, 02 Dec 2023AU$2.4tAU$1.2tAU$115.9b18x20.4x2x
Mon, 30 Oct 2023AU$2.3tAU$1.2tAU$119.8b17.4x19.2x1.9x
Wed, 27 Sep 2023AU$2.4tAU$1.2tAU$120.3b17.7x19.8x2x
Fri, 25 Aug 2023AU$2.4tAU$1.2tAU$124.6b17.4x19.4x2.1x
Sun, 23 Jul 2023AU$2.5tAU$1.2tAU$144.9b16.6x17x2.1x
Tue, 20 Jun 2023AU$2.4tAU$1.2tAU$143.8b16x17x2.1x
Thu, 18 May 2023AU$2.4tAU$1.2tAU$145.8b16.3x16.5x2.1x
Sat, 15 Apr 2023AU$2.5tAU$1.2tAU$143.6b16.1x17.2x2.1x
Mon, 13 Mar 2023AU$2.4tAU$1.2tAU$145.1b16x16.5x2.1x
Wed, 08 Feb 2023AU$2.5tAU$1.1tAU$147.3b16.2x17.1x2.3x
Fri, 06 Jan 2023AU$2.4tAU$1.1tAU$148.0b14.9x16x2.2x
Sun, 04 Dec 2022AU$2.5tAU$1.1tAU$148.8b14.9x16.5x2.3x
Tue, 01 Nov 2022AU$2.3tAU$1.1tAU$150.9b14.5x15.4x2.1x
Thu, 29 Sep 2022AU$2.2tAU$1.1tAU$150.4b13.9x14.5x2x
Sat, 27 Aug 2022AU$2.4tAU$1.1tAU$141.7b15.4x17x2.3x
Mon, 25 Jul 2022AU$2.3tAU$1.0tAU$132.5b15.1x17.4x2.2x
Wed, 22 Jun 2022AU$2.2tAU$1.0tAU$133.6b14.9x16.6x2.1x
Fri, 20 May 2022AU$2.4tAU$1.0tAU$133.4b16.3x18.2x2.3x
Sun, 17 Apr 2022AU$2.6tAU$1.0tAU$129.4b17.5x20.2x2.5x
Tue, 15 Mar 2022AU$2.6tAU$1.0tAU$130.1b17.7x19.6x2.5x
Thu, 10 Feb 2022AU$2.6tAU$981.5bAU$106.6b18.7x24.3x2.6x
Sat, 08 Jan 2022AU$2.6tAU$977.0bAU$104.3b19.4x25.4x2.7x
Mon, 06 Dec 2021AU$2.5tAU$982.1bAU$103.0b18.6x24.7x2.6x
Wed, 03 Nov 2021AU$2.6tAU$959.6bAU$97.3b16.2x26.6x2.7x
Fri, 01 Oct 2021AU$2.6tAU$961.4bAU$95.9b18.7x26.6x2.7x
Sun, 29 Aug 2021AU$2.6tAU$949.7bAU$96.9b18x26.7x2.7x
Mon, 05 Jul 2021AU$2.5tAU$945.8bAU$96.5b17.7x25.9x2.6x
Price to Earnings Ratio

34.6x


Total Market Cap: AU$2.4tTotal Earnings: AU$70.4bTotal Revenue: AU$901.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Market Price to Earnings3Y Average 20.8x202220232024
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 27.7x which is higher than its 3-year average PE of 20.8x.
Past Earnings Growth
  • The earnings for Australian listed companies have grown 9.8% per year over the last three years.
  • Revenues for these companies have grown 8.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Australian Market?

AU Market-0.88%
Energy0.96%
Utilities0.72%
Healthcare0.066%
Consumer Staples-0.18%
Telecom-0.33%
Tech-1.03%
Materials-1.08%
Financials-1.13%
Industrials-1.21%
Real Estate-1.49%
Consumer Discretionary-1.71%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 61.0x.
    • Analysts expect its future annual earnings growth (17.5%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 31% 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 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
BHP BHP GroupAU$44.091.6%
+AU$3.6b		0.8%PE20.1xMaterials
CSL CSLAU$283.051.1%
+AU$1.5b		-7.0%PE36.7xHealthcare
ALL Aristocrat LeisureAU$40.742.7%
+AU$690.9m		3.8%PE17.8xConsumer Discretionary
WOW Woolworths GroupAU$31.311.3%
+AU$488.4m		-17.9%PS0.6xConsumer Staples
REA REA GroupAU$188.682.0%
+AU$486.2m		38.0%PE88.4xTelecom
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-5.5%

1Y

26.0%

GMG

AU$33.37

Goodman Group

7D

-2.7%

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1.2%

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8.3%

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-1.4%

1Y

9.2%

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AU$69.05

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-2.0%

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35.4%

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CBA

AU$119.93

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0.2%

1Y

23.5%

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AU$44.09

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1.6%

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0.8%

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AU$283.05

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1.1%

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-7.0%

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AU$188.68

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7D

2.0%

1Y

38.0%

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AU$40.74

Aristocrat Leisure

7D

2.7%

1Y

3.8%

XRO

AU$121.71

Xero

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-4.6%

1Y

29.3%

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AU$31.31

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1.3%

1Y

-17.9%

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-2.3%

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28.5%

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10.1%

1Y

23.8%

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-4.9%

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-16.9%

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