Australian (ASX) IT Industry Analysis

Industry Valuation and Performance

Has the Australian IT Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 04 Jun 2024	AU$15.2b	AU$4.4b	-AU$215,590,082.40	34.1x	-70.6x	3.5x
Thu, 02 May 2024	AU$14.3b	AU$4.4b	-AU$219,545,728.90	35.6x	-65.1x	3.3x
Sat, 30 Mar 2024	AU$15.5b	AU$4.4b	-AU$219,132,452.40	39.2x	-70.5x	3.5x
Mon, 26 Feb 2024	AU$13.6b	AU$4.4b	-AU$439,956,375.00	42.5x	-31x	3.1x
Wed, 24 Jan 2024	AU$12.6b	AU$4.4b	-AU$456,583,284.00	35.9x	-27.6x	2.8x
Fri, 22 Dec 2023	AU$11.9b	AU$4.4b	-AU$445,553,478.00	33.7x	-26.8x	2.7x
Sun, 19 Nov 2023	AU$11.9b	AU$4.5b	-AU$458,213,207.00	31.5x	-25.9x	2.6x
Tue, 17 Oct 2023	AU$11.8b	AU$4.5b	-AU$472,573,796.00	30.2x	-25x	2.6x
Thu, 14 Sep 2023	AU$11.8b	AU$4.5b	-AU$463,928,285.00	29.6x	-25.4x	2.6x
Sat, 12 Aug 2023	AU$12.2b	AU$4.3b	-AU$461,301,081.00	25.2x	-26.4x	2.9x
Mon, 10 Jul 2023	AU$9.4b	AU$3.9b	-AU$462,880,470.00	19.1x	-20.4x	2.4x
Wed, 07 Jun 2023	AU$9.4b	AU$3.9b	-AU$464,153,798.00	18.8x	-20.4x	2.4x
Fri, 05 May 2023	AU$8.2b	AU$3.9b	-AU$466,409,117.00	23.8x	-17.5x	2.1x
Sun, 02 Apr 2023	AU$7.5b	AU$3.9b	-AU$465,849,276.00	23.5x	-16.1x	1.9x
Tue, 28 Feb 2023	AU$25.0b	AU$10.2b	-AU$331,193,713.00	25.6x	-75.4x	2.4x
Thu, 26 Jan 2023	AU$24.4b	AU$9.3b	-AU$73,765,652.00	34.3x	-330.4x	2.6x
Sat, 24 Dec 2022	AU$25.8b	AU$9.6b	-AU$64,272,005.00	32.1x	-401.6x	2.7x
Mon, 21 Nov 2022	AU$26.6b	AU$9.5b	-AU$72,571,132.00	41.2x	-366.6x	2.8x
Wed, 19 Oct 2022	AU$25.4b	AU$9.6b	AU$44.7m	37.5x	568.9x	2.6x
Fri, 16 Sep 2022	AU$25.6b	AU$9.3b	AU$23.7m	38.4x	1080.5x	2.8x
Sun, 14 Aug 2022	AU$26.6b	AU$9.0b	-AU$268,428,285.00	37.4x	-99x	2.9x
Tue, 12 Jul 2022	AU$26.0b	AU$8.8b	-AU$281,900,057.00	26.8x	-92.4x	3x
Thu, 09 Jun 2022	AU$25.5b	AU$8.6b	-AU$289,326,808.00	31.1x	-88.1x	3x
Sat, 07 May 2022	AU$27.2b	AU$8.7b	-AU$249,637,834.00	29.3x	-108.9x	3.1x
Mon, 04 Apr 2022	AU$50.5b	AU$9.4b	-AU$412,011,741.00	42.4x	-122.5x	5.4x
Wed, 02 Mar 2022	AU$48.4b	AU$9.5b	-AU$400,805,679.00	37.9x	-120.8x	5.1x
Fri, 28 Jan 2022	AU$47.0b	AU$9.2b	-AU$348,887,280.00	32.9x	-134.7x	5.1x
Sun, 26 Dec 2021	AU$55.6b	AU$9.1b	-AU$345,801,059.00	35.7x	-160.9x	6.1x
Tue, 23 Nov 2021	AU$63.6b	AU$9.1b	-AU$344,166,847.00	36.1x	-184.7x	7x
Thu, 21 Oct 2021	AU$66.5b	AU$9.1b	-AU$322,170,009.00	43.2x	-206.3x	7.3x
Sat, 18 Sep 2021	AU$67.2b	AU$9.3b	-AU$318,006,931.00	38.7x	-211.2x	7.2x
Mon, 16 Aug 2021	AU$68.3b	AU$9.2b	-AU$321,411,623.84	39.3x	-212.6x	7.5x

Current Industry PE

Investors are relatively neutral on the Australian IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PS ratio of 3.7x.

Past Earnings Growth

The earnings for companies in the IT industry have improved over the last three years.
Meanwhile revenues for these companies have declined 21% per year.
This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Trends

Which industries have driven the changes within the Australian Tech industry?


AU Market	-0.38%
Tech	-1.30%
IT	0.11%
IT Consulting	7.50%
Data Processing Services	-0.45%
Internet Services and Infrastructure	-0.74%

Industry PE

Investors are most optimistic about the Data Processing Services industry even though it's trading below its 3-year average PE ratio of 31.2x.

Analysts are expecting annual earnings growth of 10.1%, which is lower than the prior year's growth of 37.2% per year.

Forecasted Growth

Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 18% over the next 5 years.
This is better than its past earnings growth rate of 0.3% per year.