Endeavour Group Ltd (ASX: EDV) $3.01
EDV has fallen around 12% over the past year, significantly underperforming both the ASX 200 and Consumer Staples (+12.5%). Unlike many of the market’s recent losers, EDV’s weakness has been driven almost entirely by falling earnings rather than multiple compression, with forward EPS cut by around 33% from $0.247 to $0.166 as aggressive pricing and promotional activity across Dan Murphy’s and BWS squeezed retail margins. Surprisingly, EDV’s forward P/E has expanded from 13.7x to 16.1x, suggesting investors are already looking beyond the current earnings decline towards a potential FY28–29 recovery.