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Australian (ASX) Tech Sector Analysis
UpdatedDec 10, 2025
DataAggregated Company Financials
Companies108
- 7D0.3%
- 3M-18.4%
- 1Y-16.9%
- YTD-16.2%
The Tech is pretty flat in the last 7 days, but WiseTech Global has stood out, gaining 6.6%. As for the longer term, the industry has declined 17% in the last year. Looking forward, earnings are forecast to grow by 23% 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 |
|---|---|---|---|---|---|---|
| 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 |
| Sun, 26 Mar 2023 | AU$72.2b | AU$15.7b | -AU$1,539,104,019.00 | 29.6x | -46.9x | 4.6x |
| Tue, 21 Feb 2023 | AU$88.3b | AU$21.2b | -AU$794,710,222.00 | 32x | -111.1x | 4.2x |
| Thu, 19 Jan 2023 | AU$87.4b | AU$20.6b | -AU$941,575,874.00 | 45.9x | -92.8x | 4.3x |
| Sat, 17 Dec 2022 | AU$87.9b | AU$20.8b | -AU$951,406,438.00 | 49x | -92.3x | 4.2x |
Price to Earnings Ratio
-92.3x
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 206x which is higher than its 3-year average PE of -348x.
- The industry is trading close to its 3-year average PS ratio of 6.8x.
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 declined 11% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Australian Tech sector?
| AU Market | -0.026% | |
| Tech | 0.25% | |
| Semiconductors | 11.92% | |
| Electronic Equipment and Components | 0.75% | |
| IT | 0.16% | |
| Software | 0.083% | |
| Communications | -2.05% | |
| Tech Hardware | -25.00% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 89.3x.
- Analysts are expecting annual earnings growth of 18.1%, which is higher than its past year's earnings growth of 3.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 101% over the next 5 years.
- In contrast, the IT industry is expected to see its earnings grow by 12% 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$74.01 | 6.6% +AU$1.5b | -41.1% | PE81.6x | |
| NXT NEXTDC | AU$13.78 | 1.8% +AU$153.8m | -12.2% | PS20.7x | |
| WBT Weebit Nano | AU$4.20 | 13.5% +AU$104.8m | 50.0% | PS199.7x | |
| BVS Bravura Solutions | AU$2.69 | 6.7% +AU$76.2m | 24.0% | PE16.2x | |
| ELS Elsight | AU$2.09 | 10.0% +AU$41.7m | 422.5% | PS52.7x |
