Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Tech Sector Analysis

UpdatedDec 02, 2025
DataAggregated Company Financials
Companies107
  • 7D2.5%
  • 3M-17.4%
  • 1Y-18.2%
  • YTD-15.2%

In the last week, the Tech industry is up 6.5%, with WiseTech Global up 6.1%. In contrast, the industry has lost 16% in the last 12 months. As for the next few years, earnings are expected to grow by 23% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sun, 25 Jun 2023AU$84.5bAU$16.0b-AU$1,541,822,171.0027.5x-54.8x5.3x
Tue, 23 May 2023AU$81.0bAU$16.0b-AU$1,616,422,382.0027.1x-50.1x5.1x
Thu, 20 Apr 2023AU$76.8bAU$15.7b-AU$1,540,075,211.0030.3x-49.9x4.9x
Sat, 18 Mar 2023AU$88.1bAU$22.0b-AU$1,693,470,269.0029.2x-52x4x
Mon, 13 Feb 2023AU$88.7bAU$20.6b-AU$888,340,653.0040.8x-99.9x4.3x
Wed, 11 Jan 2023AU$83.5bAU$20.7b-AU$943,760,016.0044.2x-88.4x4x
Fri, 09 Dec 2022AU$86.4bAU$20.8b-AU$950,389,545.0048.8x-90.9x4.1x
Price to Earnings Ratio

-90.9x


Total Market Cap: AU$86.4bTotal Earnings: -AU$950,389,545.00Total Revenue: AU$20.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Tech Sector Price to Earnings3Y Average -349.7x202320242025
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 202x which is higher than its 3-year average PE of -350x.
  • The industry is trading close to its 3-year average PS ratio of 6.7x.
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 Market0.76%
Tech2.48%
Tech Hardware14.29%
Electronic Equipment and Components4.35%
Semiconductors4.23%
Software2.31%
IT2.20%
Communications-5.82%
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry which is trading above its 3-year average PE ratio of 86.9x.
    • Analysts are expecting annual earnings growth of 17.8%, 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?

CompanyLast Price7D1YValuation
WTC WiseTech GlobalAU$71.116.1%
+AU$1.4b		-45.1%PE77.4x
XRO XeroAU$121.841.6%
+AU$329.3m		-30.2%PE88.3x
CDA CodanAU$30.402.9%
+AU$158.2m		90.5%PE53.4x
CAT Catapult SportsAU$5.1510.3%
+AU$143.9m		45.1%PS8x
MP1 MegaportAU$14.044.6%
+AU$108.9m		84.3%PS10.9x

Latest News

EPX
AU$0.17
EPX
7D
-38.9%
1Y
-21.4%

Lacklustre Performance Is Driving EPX Limited's (ASX:EPX) 53% Price Drop

Dec 01
Lacklustre Performance Is Driving EPX Limited's (ASX:EPX) 53% Price Drop
AV1
AU$0.13
Adveritas
7D
-16.1%
1Y
30.0%

Companies Like Adveritas (ASX:AV1) Can Afford To Invest In Growth

Dec 01
Companies Like Adveritas (ASX:AV1) Can Afford To Invest In Growth
CDA
AU$30.40
Codan
7D
2.9%
1Y
90.5%

Codan Limited's (ASX:CDA) Popularity With Investors Is Clear

Dec 01
Codan Limited's (ASX:CDA) Popularity With Investors Is Clear
SDR
AU$6.47
SiteMinder
7D
5.9%
1Y
-1.7%
BVS
AU$2.46
Bravura Solutions
7D
-2.4%
1Y
56.7%

BVS: Index Inclusions And Fiscal Guidance Will Sustain Measured Performance

Analysts have maintained Bravura Solutions' price target at $2.77. They cite limited changes in revenue growth and margin expectations as justification for keeping their valuation unchanged.
MP1
AU$14.04
Megaport
7D
4.6%
1Y
84.3%

MP1: India Expansion Will Drive Market Opportunity Following Recent Acquisition

Megaport's analyst price target has risen from A$15.83 to A$16.56. Analysts cite the company's recent acquisition and improved growth outlook as key drivers behind the higher valuation.
WTC
AU$71.11
WiseTech Global
7D
6.1%
1Y
-45.1%
XRO
AU$121.84
Xero
7D
1.6%
1Y
-30.2%

XRO: Expanding Profit Margins And Stronger Earnings Forecast Will Drive Further Upside

Analysts have revised Xero’s fair value estimate downward from $191.59 to $182.05. They cite updated assumptions around revenue growth and discount rates as the rationale for the change.
HSN
AU$5.73
Hansen Technologies
7D
-2.9%
1Y
0%
CAT
AU$5.15
Catapult Sports
7D
10.3%
1Y
45.1%

CAT: Upcoming Industry Momentum Will Fuel Outperformance Over The Coming Year

Narrative Update on Catapult Sports Analysts have revised their price target for Catapult Sports downward from A$7.97 to A$7.02, citing adjustments for fair value and discount rate. However, they maintain a positive outlook due to expectations of sustainable, above-consensus revenue growth in the sports technology sector.
IRE
AU$9.17
Iress
7D
-5.3%
1Y
-0.1%

Does Iress (ASX:IRE) Deserve A Spot On Your Watchlist?

Nov 24
Does Iress (ASX:IRE) Deserve A Spot On Your Watchlist?
FCL
AU$2.97
FINEOS Corporation Holdings
7D
-0.7%
1Y
58.0%

A Look At The Intrinsic Value Of FINEOS Corporation Holdings plc (ASX:FCL)

Nov 23
A Look At The Intrinsic Value Of FINEOS Corporation Holdings plc (ASX:FCL)
TNE
AU$29.48
Technology One
7D
-1.9%
1Y
-4.6%

TNE: Index Additions And Strong Dividend Outlook Will Drive Future Upside

Analysts have lowered their price target for Technology One from $37.51 to $35.58, citing slightly reduced estimates for revenue growth and profit margins in their updated outlook. What's in the News Declared a special dividend of 10.0 cents per share for the six months ended September 30, 2025 (company statement) Final dividend of 20.0 cents per share declared for the six months ended September 30, 2025.
LNU
AU$0.002
Linius Technologies
7D
-33.3%
1Y
0%
DDR
AU$10.60
Dicker Data
7D
4.3%
1Y
25.4%
NXT
AU$13.72
NEXTDC
7D
0.9%
1Y
-17.1%

We Think Some Shareholders May Hesitate To Increase NEXTDC Limited's (ASX:NXT) CEO Compensation

Nov 06
We Think Some Shareholders May Hesitate To Increase NEXTDC Limited's (ASX:NXT) CEO Compensation