
Macquarie Group Limited lost around A$4.96 billion in market capitalisation last week, a sum just exceeding its projected FY26 earnings. Shares declined 5.14% to A$248.43.
MQG underperformed the roughly 0.7% weekly ASX 200 decline by about 4.4 percentage points. The selling persisted without a fresh company profit warning.
Operating-group profit contributions are not additive to group profit because central items and eliminations apply.
| Company | Friday price | Trailing P/E | Dividend yield | Screen rating |
|---|---|---|---|---|
| Macquarie | A$248.43 | 19.75× | 2.82% | Buy |
| CBA | A$157.99 | 24.34× | 3.13% | Strong Sell |
| NAB | A$38.17 | 19.88× | 4.45% | Neutral |
| ANZ | A$37.13 | 18.97× | 4.47% | Neutral |
| Westpac | A$33.83 | 16.67× | 4.55% | Sell |
The price reset has removed the equivalent of one full year's profit from Macquarie's equity value. It has not created an obvious consensus bargain. Monday's A$247.36 support test will show whether strong FY26 earnings and the completed Qube transaction can outweigh higher-yield valuation pressure.
ASX reopens: 24 AugSupport: A$247.36H1 result: 6 Nov 2026
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