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Australian (ASX) Tech Sector Analysis
UpdatedApr 20, 2026
DataAggregated Company Financials
Companies110
- 7D11.7%
- 3M-13.6%
- 1Y-16.5%
- YTD-16.5%
The Tech industry is up 12% in the last week, with WiseTech Global up 22%. During this same period, the IODM underperformed, falling 5.7%. In the past year, the industry is down 16%. Earnings are forecast to grow by 21% annually.
Sector Valuation and Performance
Has the Australian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 21 Apr 2026 | AU$82.9b | AU$15.2b | AU$558.0m | 24.6x | 148.6x | 5.4x |
| Thu, 19 Mar 2026 | AU$78.7b | AU$15.3b | AU$561.0m | 24.6x | 140.3x | 5.1x |
| Sat, 14 Feb 2026 | AU$77.5b | AU$14.4b | AU$462.9m | 32.7x | 167.5x | 5.4x |
| Mon, 12 Jan 2026 | AU$100.2b | AU$14.6b | AU$504.6m | 40.2x | 198.5x | 6.9x |
| Wed, 10 Dec 2025 | AU$104.4b | AU$14.6b | AU$507.7m | 40.8x | 205.6x | 7.1x |
| Fri, 07 Nov 2025 | AU$115.1b | AU$14.5b | AU$483.5m | 38.2x | 238x | 7.9x |
| Sun, 05 Oct 2025 | AU$130.0b | AU$14.5b | AU$496.0m | 38.1x | 262x | 9x |
| Tue, 02 Sep 2025 | AU$126.2b | AU$14.6b | AU$484.8m | 37.9x | 260.4x | 8.7x |
| Thu, 31 Jul 2025 | AU$130.2b | AU$14.1b | AU$386.4m | 38.8x | 337x | 9.3x |
| Sat, 28 Jun 2025 | AU$122.4b | AU$14.0b | AU$373.8m | 40.8x | 327.4x | 8.7x |
| Mon, 26 May 2025 | AU$117.2b | AU$14.1b | AU$374.1m | 42.2x | 313.1x | 8.3x |
| Wed, 23 Apr 2025 | AU$94.8b | AU$14.0b | AU$252.4m | 37.9x | 375.8x | 6.8x |
| Fri, 21 Mar 2025 | AU$102.0b | AU$14.0b | AU$247.9m | 39x | 411.5x | 7.3x |
| Sun, 16 Feb 2025 | AU$125.0b | AU$13.6b | AU$117.8m | 54.9x | 1061.5x | 9.2x |
| Tue, 14 Jan 2025 | AU$117.5b | AU$13.5b | AU$54.7m | 56.6x | 2146.7x | 8.7x |
| Thu, 12 Dec 2024 | AU$120.2b | AU$13.5b | AU$54.1m | 61.7x | 2223x | 8.9x |
| Sat, 09 Nov 2024 | AU$119.7b | AU$13.2b | -AU$986,185.54 | 63.9x | -121364x | 9.1x |
| Mon, 07 Oct 2024 | AU$116.1b | AU$13.2b | AU$11.5m | 64.2x | 10088.2x | 8.8x |
| Wed, 04 Sep 2024 | AU$110.6b | AU$13.3b | -AU$3,414,132.45 | 61.3x | -32387.1x | 8.3x |
| Fri, 02 Aug 2024 | AU$101.3b | AU$14.9b | -AU$438,433,613.11 | 45.3x | -231x | 6.8x |
| Sun, 30 Jun 2024 | AU$107.8b | AU$15.4b | -AU$331,476,394.25 | 49.4x | -325.2x | 7x |
| Tue, 28 May 2024 | AU$106.0b | AU$15.4b | -AU$335,888,245.47 | 54x | -315.5x | 6.9x |
| Thu, 25 Apr 2024 | AU$100.4b | AU$15.3b | -AU$644,274,040.77 | 52.6x | -155.8x | 6.6x |
| Sat, 23 Mar 2024 | AU$105.2b | AU$15.3b | -AU$664,191,167.93 | 53.3x | -158.5x | 6.9x |
| Mon, 19 Feb 2024 | AU$93.6b | AU$16.1b | -AU$1,285,680,128.70 | 43.6x | -72.8x | 5.8x |
| Wed, 17 Jan 2024 | AU$87.1b | AU$17.1b | -AU$1,602,123,973.00 | 41.2x | -54.4x | 5.1x |
| Fri, 15 Dec 2023 | AU$85.7b | AU$17.1b | -AU$1,592,569,608.00 | 40.7x | -53.8x | 5x |
| Sun, 12 Nov 2023 | AU$80.6b | AU$17.1b | -AU$1,675,368,535.00 | 36.9x | -48.1x | 4.7x |
| Tue, 10 Oct 2023 | AU$81.9b | AU$17.0b | -AU$1,732,978,369.00 | 40.5x | -47.3x | 4.8x |
| Thu, 07 Sep 2023 | AU$88.6b | AU$17.0b | -AU$1,733,556,047.00 | 41.3x | -51.1x | 5.2x |
| Sat, 05 Aug 2023 | AU$93.1b | AU$16.3b | -AU$1,518,677,475.00 | 33.3x | -61.3x | 5.7x |
| Mon, 03 Jul 2023 | AU$86.6b | AU$15.9b | -AU$1,518,943,870.00 | 28x | -57x | 5.4x |
| Wed, 31 May 2023 | AU$84.5b | AU$16.0b | -AU$1,597,386,199.00 | 25.8x | -52.9x | 5.3x |
| Fri, 28 Apr 2023 | AU$77.2b | AU$15.7b | -AU$1,550,368,278.00 | 32x | -49.8x | 4.9x |
Price to Earnings Ratio
-49.8x
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 149x which is higher than its 3-year average PE of -318x.
- The 3-year average PS ratio of 6.9x is higher than the industry's current PS ratio of 5.4x.
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 | 0.25% | |
| Tech | 11.65% | |
| Software | 14.18% | |
| IT | 9.98% | |
| Semiconductors | 6.09% | |
| Communications | 3.54% | |
| Electronic Equipment and Components | 1.79% | |
| Tech Hardware | -16.67% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 126x.
- Analysts are expecting annual earnings growth of 20.1%, 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 IT industry is expected to see its earnings grow by 4.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WTC WiseTech Global | AU$45.49 | 22.4% +AU$2.8b | -44.5% | PE66.8x | |
| XRO Xero | AU$82.15 | 16.7% +AU$2.0b | -47.0% | PE63.8x | |
| 360 Life360 | AU$22.48 | 25.5% +AU$1.1b | 14.1% | PE25.8x | |
| TNE Technology One | AU$30.49 | 12.0% +AU$1.1b | 8.5% | PE72.3x | |
| NXT NEXTDC | AU$14.12 | 10.1% +AU$833.1m | 26.4% | PS20x |
