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Australian (ASX) Tech Sector Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies109
  • 7D1.4%
  • 3M3.0%
  • 1Y9.7%
  • YTD4.1%

In the last week, the Tech industry is up 1.4%, with WiseTech Global up 2.6%. This means that the industry has gained 9.7% over the past year. 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
Thu, 18 Sep 2025AU$128.5bAU$14.5bAU$507.0m37.9x253.5x8.9x
Sat, 16 Aug 2025AU$129.3bAU$14.2bAU$415.7m44.6x311.1x9.1x
Mon, 14 Jul 2025AU$122.8bAU$14.0bAU$372.2m36.9x329.9x8.8x
Wed, 11 Jun 2025AU$124.0bAU$14.0bAU$374.7m39.6x331x8.8x
Fri, 09 May 2025AU$108.1bAU$13.8bAU$316.7m43.7x341.2x7.8x
Sun, 06 Apr 2025AU$90.7bAU$14.1bAU$252.8m34.9x358.8x6.4x
Tue, 04 Mar 2025AU$108.0bAU$14.0bAU$223.7m38.9x483.1x7.7x
Thu, 30 Jan 2025AU$122.0bAU$13.5bAU$68.2m61.5x1787.2x9x
Sat, 28 Dec 2024AU$120.8bAU$13.5bAU$52.1m60.5x2319.7x8.9x
Mon, 25 Nov 2024AU$120.2bAU$13.5bAU$59.9m64x2008.2x8.9x
Wed, 23 Oct 2024AU$110.2bAU$13.2bAU$2.2m63.1x49011x8.4x
Fri, 20 Sep 2024AU$114.8bAU$13.2bAU$5.5m62.6x20895x8.7x
Sun, 18 Aug 2024AU$100.0bAU$14.9b-AU$344,303,036.7147.7x-290.4x6.7x
Tue, 16 Jul 2024AU$110.3bAU$15.3b-AU$330,344,012.9352.8x-334x7.2x
Thu, 13 Jun 2024AU$105.0bAU$15.4b-AU$331,472,294.9151.3x-316.7x6.8x
Sat, 11 May 2024AU$104.0bAU$15.2b-AU$575,968,484.9254.3x-180.6x6.9x
Mon, 08 Apr 2024AU$100.4bAU$15.2b-AU$656,132,867.3652.4x-153x6.6x
Wed, 06 Mar 2024AU$104.8bAU$16.3b-AU$690,494,872.1150.7x-151.8x6.4x
Fri, 02 Feb 2024AU$88.4bAU$17.1b-AU$1,609,589,297.0042.1x-55x5.2x
Sun, 31 Dec 2023AU$89.5bAU$17.1b-AU$1,584,877,416.0041.7x-56.5x5.2x
Tue, 28 Nov 2023AU$81.8bAU$17.1b-AU$1,603,657,391.0039.8x-51x4.8x
Thu, 26 Oct 2023AU$80.2bAU$17.0b-AU$1,741,604,732.0038.8x-46x4.7x
Sat, 23 Sep 2023AU$84.8bAU$17.0b-AU$1,728,779,465.0041.7x-49x5x
Mon, 21 Aug 2023AU$90.4bAU$16.4b-AU$1,482,392,538.0033x-61x5.5x
Wed, 19 Jul 2023AU$89.3bAU$15.9b-AU$1,504,456,941.0030.6x-59.4x5.6x
Fri, 16 Jun 2023AU$86.6bAU$15.9b-AU$1,531,889,097.0027.2x-56.5x5.4x
Sun, 14 May 2023AU$78.9bAU$15.7b-AU$1,551,456,505.0029.4x-50.9x5x
Tue, 11 Apr 2023AU$75.3bAU$15.7b-AU$1,544,835,223.0032.1x-48.7x4.8x
Thu, 09 Mar 2023AU$90.4bAU$22.1b-AU$1,707,798,614.0031.8x-52.9x4.1x
Sat, 04 Feb 2023AU$92.4bAU$20.5b-AU$895,797,576.0045.5x-103.2x4.5x
Mon, 02 Jan 2023AU$84.1bAU$20.7b-AU$945,839,134.0044.6x-88.9x4.1x
Wed, 30 Nov 2022AU$89.2bAU$20.7b-AU$969,977,596.0049.6x-92x4.3x
Fri, 28 Oct 2022AU$87.6bAU$20.5b-AU$826,194,823.0042.6x-106x4.3x
Sun, 25 Sep 2022AU$84.9bAU$20.4b-AU$783,200,282.0044.3x-108.4x4.2x
Price to Earnings Ratio

-108.4x


Total Market Cap: AU$84.9bTotal Earnings: -AU$783,200,282.00Total Revenue: AU$20.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Tech Sector Price to Earnings3Y Average -373.2x202320242025
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 253x which is higher than its 3-year average PE of -373x.
  • The 3-year average PS ratio of 6.5x is lower than the industry's current PS ratio of 8.9x.
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 Market0.057%
Tech1.38%
Semiconductors13.93%
Communications5.39%
IT2.72%
Software1.33%
Electronic Equipment and Components-1.69%
Tech Hardware-20.00%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 55.6x.
    • Analysts are expecting annual earnings growth of 15.2%, 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 9.6% 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
WTC WiseTech GlobalAU$96.622.6%
+AU$816.1m		-26.8%PE106.3x
360 Life360AU$50.264.6%
+AU$512.2m		192.2%PE282.5x
NXT NEXTDCAU$17.993.8%
+AU$422.7m		7.7%PS27x
NXL NuixAU$2.8821.0%
+AU$167.3m		-50.6%PS4.4x
BVS Bravura SolutionsAU$2.3510.3%
+AU$98.6m		72.2%PE14.2x

Latest News

NXL
AU$2.88
Nuix
7D
21.0%
1Y
-50.6%
BVS
AU$2.35
Bravura Solutions
7D
10.3%
1Y
72.2%

Estimating The Fair Value Of Bravura Solutions Limited (ASX:BVS)

Sep 12
Estimating The Fair Value Of Bravura Solutions Limited (ASX:BVS)
IRE
AU$9.54
Iress
7D
4.3%
1Y
-5.3%
MP1
AU$14.63
Megaport
7D
-0.7%
1Y
98.2%
XRO
AU$160.28
Xero
7D
-1.3%
1Y
7.3%

If EPS Growth Is Important To You, Xero (ASX:XRO) Presents An Opportunity

Sep 06
If EPS Growth Is Important To You, Xero (ASX:XRO) Presents An Opportunity
DDR
AU$9.95
Dicker Data
7D
-1.0%
1Y
9.2%
360
AU$50.26
Life360
7D
4.6%
1Y
192.2%

Digital Safety And Family Connectivity Will Expand International Markets

Despite the consensus analyst price target for Life360 remaining unchanged at A$44.24, the sharp increase in its future P/E ratio from 97.26x to 150.38x suggests heightened valuation concerns relative to expected earnings. What's in the News Life360 launched No Show Alerts, a customizable feature that notifies parents only if a loved one fails to arrive at a designated location, aiming to simplify family logistics and reduce parental stress; the feature is free in the US and rolling out globally.
WBT
AU$2.89
Weebit Nano
7D
15.6%
1Y
54.5%
NXT
AU$17.99
NEXTDC
7D
3.8%
1Y
7.7%
EIQ
AU$0.25
Echo IQ
7D
-10.7%
1Y
13.6%
VNL
AU$0.093
Vinyl Group
7D
-19.1%
1Y
-5.1%
SKK
AU$0.036
Stakk
7D
500.0%
1Y
928.6%
FCL
AU$2.80
FINEOS Corporation Holdings
7D
-5.1%
1Y
91.8%
WTC
AU$96.62
WiseTech Global
7D
2.6%
1Y
-26.8%
CDA
AU$30.29
Codan
7D
-2.1%
1Y
97.5%
TNE
AU$37.52
Technology One
7D
-0.5%
1Y
59.7%

Overvaluation Will Encounter Regulatory Headwinds And SaaS Resilience

Technology One’s consensus price target saw a marginal increase, supported by broadly unchanged key valuation metrics, with the future P/E and discount rate remaining steady, resulting in a minor fair value revision from A$36.28 to A$36.92. Valuation Changes Summary of Valuation Changes for Technology One The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from A$36.28 to A$36.92.