Market Ratios

Research evidence excerpt

Market Ratios

Macquarie Equity Research

09 June 2026

Database

AustraliaMarket Ratios

Market slides lower

Sheridan

Key Points Maher

• The market went backwards this week.

• Net revisions were negative, indicating more negative revisions than Market movements

positive revisions.

• Healthcare was the best performing sector. Index Index8/06/2026Value Change%

ASX 100 7,217 -1.1

ASX 300 8,567 -1.2

Event Small Ordinaries 3,448 -1.6

US S&P 500 7,406 -3.0

• The ASX100 decreased 1.1%, the ASX300 was down 1.2%, and the Small Dow Jones 50,786 -0.9

Ordinaries decreased 1.6%. In the US, the S&P 500 fell 3%, while the Dow AU GICS Sectors

Jones was down 0.9%. Energy 10,574 0.8

Materials 24,486 -4.0

• The standout sector this week was Healthcare, up 4%. CSL, Pro Medicus Industrials 8,195 0.6

and ResMed all contributed to this result. Consumer Discretionary 3,525 -0.2

Consumer Staples 12,007 3.3

• Materials took the biggest hit and was down 4%. BHP Group, Fortescue Healthcare 23,227 4.0

and PLS were the main contributors. Financials 8,995 -0.8

Property Trusts 1,645 -0.2

• The market PER for June 2026 decreased to 18.2x, and the PER for Information Technology 1,909 -2.5

December 2026 decreased to 17.3x. The market EPSg for June 2026 CommunicationUtilities 1,6249,753 -2.41.8

increased to 9.5% and the EPSg for December 2026 increased to 11.6%.

Source: FactSet, June 2026

• The four-week rolling FactSet Australian earnings net revisions were

FactSet Australian earnings revisions negative, indicating more negative revisions than positive revisions. 15

10• Block led the positive revisions table, while Brambles led the negative

revisions table. 50

Revisions -10-5

Revisions – Four-week rolling FactSet FY1 EPS net earnings revisions Net% -15

-20

No of Net UP Revisions Index -25