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Australian (ASX) Tech Sector Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies109
  • 7D-3.4%
  • 3M-5.5%
  • 1Y-39.2%
  • YTD-20.5%

Over the last 7 days, the Tech industry has dropped 3.4%, driven by Weebit Nano declining 21%. On the other hand NEXTDC is actually up 7.6%. Overall the industry is down 39% in 12 months. Earnings are forecast to grow by 23% annually.

Sector Valuation and Performance

Has the Australian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jul 2026AU$82.2bAU$16.0bAU$238.1m28.8x345.3x5.1x
Thu, 18 Jun 2026AU$87.2bAU$15.7bAU$462.7m26.4x188.4x5.5x
Sat, 16 May 2026AU$80.8bAU$15.6bAU$472.7m25.7x170.9x5.2x
Mon, 13 Apr 2026AU$74.2bAU$15.3bAU$562.5m24.3x131.9x4.9x
Wed, 11 Mar 2026AU$83.3bAU$15.3bAU$563.7m25.4x147.8x5.4x
Fri, 06 Feb 2026AU$84.5bAU$14.5bAU$498.7m38.8x169.4x5.8x
Sun, 04 Jan 2026AU$99.8bAU$14.6bAU$505.8m41x197.2x6.8x
Tue, 02 Dec 2025AU$105.5bAU$14.6bAU$512.2m42x205.9x7.2x
Thu, 30 Oct 2025AU$120.3bAU$14.5bAU$483.3m38.2x248.9x8.3x
Sat, 27 Sep 2025AU$128.3bAU$14.5bAU$506.8m38.1x253.1x8.8x
Mon, 25 Aug 2025AU$130.1bAU$14.2bAU$505.9m30.1x257.1x9.2x
Wed, 23 Jul 2025AU$130.0bAU$14.1bAU$373.1m38.8x348.4x9.2x
Fri, 20 Jun 2025AU$122.4bAU$14.0bAU$374.2m40x327.2x8.7x
Sun, 18 May 2025AU$115.5bAU$14.0bAU$348.8m43.5x331.1x8.2x
Tue, 15 Apr 2025AU$98.6bAU$14.0bAU$251.2m34.9x392.8x7.1x
Thu, 13 Mar 2025AU$100.0bAU$13.9bAU$248.0m39x403.3x7.2x
Sat, 08 Feb 2025AU$126.1bAU$13.6bAU$51.9m59.8x2429.3x9.3x
Mon, 06 Jan 2025AU$121.2bAU$13.5bAU$51.5m59.4x2354.6x9x
Wed, 04 Dec 2024AU$125.3bAU$13.5bAU$69.8m64x1796.2x9.3x
Fri, 01 Nov 2024AU$112.6bAU$13.2b-AU$3,708,280.0264.5x-30368.8x8.5x
Sun, 29 Sep 2024AU$117.9bAU$13.2bAU$9.3m64.8x12630.1x8.9x
Tue, 27 Aug 2024AU$110.3bAU$13.3b-AU$106,106,786.4655.5x-1039.8x8.3x
Thu, 25 Jul 2024AU$108.0bAU$15.3b-AU$329,997,769.7652x-327.2x7.1x
Sat, 22 Jun 2024AU$104.3bAU$15.4b-AU$331,225,162.1954x-314.8x6.8x
Mon, 20 May 2024AU$103.2bAU$15.2b-AU$566,150,907.0453.4x-182.2x6.8x
Wed, 17 Apr 2024AU$99.1bAU$15.3b-AU$648,719,661.4752x-152.7x6.5x
Fri, 15 Mar 2024AU$105.8bAU$16.2b-AU$665,605,593.5550x-158.9x6.5x
Sun, 11 Feb 2024AU$88.7bAU$16.0b-AU$1,302,179,682.1950.2x-68.1x5.5x
Tue, 09 Jan 2024AU$85.1bAU$17.1b-AU$1,595,560,451.0041.1x-53.3x5x
Thu, 07 Dec 2023AU$84.7bAU$17.1b-AU$1,604,707,323.0040.8x-52.8x4.9x
Sat, 04 Nov 2023AU$81.1bAU$17.0b-AU$1,731,023,927.0037.7x-46.8x4.8x
Mon, 02 Oct 2023AU$83.7bAU$17.0b-AU$1,730,480,202.0040.3x-48.4x4.9x
Wed, 30 Aug 2023AU$87.9bAU$16.8b-AU$1,814,169,509.0030.1x-48.4x5.2x
Fri, 28 Jul 2023AU$91.0bAU$15.9b-AU$1,505,842,993.0031.2x-60.4x5.7x
Price to Earnings Ratio

-60.4x


Total Market Cap: AU$91.0bTotal Earnings: -AU$1,505,842,993.00Total Revenue: AU$15.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Tech Sector Price to Earnings3Y Average -297x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 345x which is higher than its 3-year average PE of -297x.
  • The 3-year average PS ratio of 7.0x is higher than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

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

AU Market-0.28%
Tech-3.44%
Tech Hardware0%0
Electronic Equipment and Components-2.17%
Communications-2.41%
Software-2.67%
IT-4.69%
Semiconductors-20.94%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 154x.
    • Analysts are expecting annual earnings growth of 18.8%, which is lower than the prior year's growth of 26.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 119% over the next 5 years.
  • In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 19% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NXT NEXTDCAU$14.067.6%
+AU$752.0m		-1.1%PS23.6x
360 Life360AU$25.962.4%
+AU$145.9m		-31.1%PE29.7x
CAT Catapult SportsAU$3.638.4%
+AU$87.9m		-40.4%PS5.7x
DDR Dicker DataAU$12.353.4%
+AU$74.2m		44.1%PE26.1x
IRE IressAU$6.745.8%
+AU$68.8m		-9.2%PE15.8x

Latest News

WBT
AU$5.51
Weebit Nano
7D
-21.3%
1Y
158.7%
SDR
AU$3.40
SiteMinder
7D
-7.1%
1Y
-25.6%
AXQ
AU$4.20
Aura Consolidated Group
7D
-16.2%
1Y
n/a
CAT
AU$3.63
Catapult Sports
7D
8.4%
1Y
-40.4%
MP1
AU$18.95
Megaport
7D
-4.8%
1Y
31.0%
Narrative Update • Jul 15

MP1: AI Infrastructure Expansion And Security Capabilities Will Support Stronger Long Term Earnings Potential

Analysts have lifted their price target for Megaport from A$25.16 to A$30.55, citing updated views on revenue, profit margins and the stock's future P/E profile. What’s in the News for Megaport Megaport shares traded at A$20.12 on 9 July 2026, with a 5.45% gain on the day and an approximate 58% to 61% gain over one year, as investors reacted to demand for its global Network as a Service platform and broader strength in Australian technology stocks.
EIQ
AU$1.40
Echo IQ
7D
-7.9%
1Y
508.7%
NXT
AU$14.06
NEXTDC
7D
7.6%
1Y
-1.1%
BVS
AU$2.50
Bravura Solutions
7D
4.2%
1Y
16.3%
OCL
AU$7.20
Objective
7D
5.6%
1Y
-61.3%
Narrative Update • Jul 10

OCL: Defence Contract Exit And SaaS Transition Will Support Longer Term Upside

Analysts have lowered their price target for Objective to A$11.82 from A$15.93, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E multiples that together point to a more conservative valuation profile. What’s in the News for Objective Objective Corporation’s more than 25 year Enterprise Content Management Upgrade and Support Program agreement with the Department of Defence has ended after Defence Digital decided not to renew the contract, according to recent reports.
DTL
AU$9.78
Data#3
7D
2.3%
1Y
27.2%
XRO
AU$69.67
Xero
7D
-1.6%
1Y
-61.5%
WTC
AU$34.00
WiseTech Global
7D
-2.2%
1Y
-71.4%
360
AU$25.96
Life360
7D
2.4%
1Y
-31.1%
Narrative Update • Jul 07

360: Share Buybacks And Ride Partnership Will Support Bullish Repricing

Analysts have lifted their Life360 price target from A$39.00 to about A$41.21, citing updated assumptions around revenue growth, profit margins and a higher future P/E multiple. What’s in the News for Life360 Life360 announced the next phase of its partnership with Uber Technologies, allowing members to request and coordinate Uber rides for teens and other family members directly within the Life360 app.
DDR
AU$12.35
Dicker Data
7D
3.4%
1Y
44.1%
IRE
AU$6.74
Iress
7D
5.8%
1Y
-9.2%
Narrative Update • Jun 26

IRE: New BitDelta Partnership Will Support Multi Asset Trading Upside

Analysts have trimmed their A$ price targets for Iress, citing a lower fair value estimate and a slightly higher discount rate, and also acknowledging updated assumptions for revenue contraction, profit margins and future P/E multiples. What’s in the News for Iress Iress announced a multi-year partnership with BitDelta Pro, aimed at extending its trading and market data capabilities across high growth international markets.
FCL
AU$1.85
FINEOS Corporation Holdings
7D
-9.8%
1Y
-32.7%