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Australian (ASX) IT Industry Analysis
UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies19
- 7D-2.0%
- 3M-10.7%
- 1Y-4.2%
- YTD4.8%
Over the last 7 days, the IT industry has dropped 2.1%, driven by pullbacks in NEXTDC and Megaport of 3.3% and 11%, respectively. In contrast, Appen has gained 74%. Overall the industry is down 4.4% in 12 months. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Australian IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 04 Feb 2026 | AU$15.3b | AU$2.9b | -AU$98,233,051.60 | 44.4x | -155.9x | 5.3x |
| Fri, 02 Jan 2026 | AU$14.5b | AU$2.9b | -AU$99,745,837.30 | 43.2x | -145.3x | 5x |
| Sun, 30 Nov 2025 | AU$15.6b | AU$2.9b | -AU$100,621,666.40 | 43.3x | -154.9x | 5.4x |
| Tue, 28 Oct 2025 | AU$17.4b | AU$2.9b | -AU$100,593,691.70 | 40.6x | -172.8x | 6x |
| Thu, 25 Sep 2025 | AU$18.2b | AU$2.9b | -AU$82,779,327.10 | 41.4x | -219.8x | 6.3x |
| Sat, 23 Aug 2025 | AU$15.7b | AU$2.9b | -AU$94,635,440.60 | 28.2x | -165.6x | 5.5x |
| Mon, 21 Jul 2025 | AU$15.8b | AU$2.8b | -AU$87,841,069.30 | 33.9x | -179.8x | 5.6x |
| Wed, 18 Jun 2025 | AU$15.1b | AU$2.8b | -AU$89,729,008.10 | 39.6x | -168.3x | 5.4x |
| Fri, 16 May 2025 | AU$15.0b | AU$2.8b | -AU$90,353,288.90 | 41.9x | -165.9x | 5.4x |
| Sun, 13 Apr 2025 | AU$12.2b | AU$2.8b | -AU$90,923,545.40 | 34.9x | -133.8x | 4.3x |
| Tue, 11 Mar 2025 | AU$14.3b | AU$2.8b | -AU$90,753,468.90 | 39x | -157.3x | 5.1x |
| Thu, 06 Feb 2025 | AU$15.9b | AU$2.8b | -AU$200,217,974.00 | 79.4x | -79.5x | 5.8x |
| Sat, 04 Jan 2025 | AU$15.6b | AU$2.6b | -AU$191,077,293.20 | 73.4x | -81.8x | 5.9x |
| Mon, 02 Dec 2024 | AU$16.6b | AU$2.6b | -AU$184,184,478.70 | 73.2x | -90x | 6.4x |
| Wed, 30 Oct 2024 | AU$16.2b | AU$2.6b | -AU$183,361,041.80 | 68.3x | -88.5x | 6.2x |
| Fri, 27 Sep 2024 | AU$16.5b | AU$2.6b | -AU$167,614,819.20 | 62.8x | -98.5x | 6.4x |
| Sun, 25 Aug 2024 | AU$16.4b | AU$2.6b | -AU$209,087,810.60 | 52.2x | -78.6x | 6.3x |
| Tue, 23 Jul 2024 | AU$16.2b | AU$4.4b | -AU$215,164,998.00 | 40.7x | -75.3x | 3.7x |
| Thu, 20 Jun 2024 | AU$15.3b | AU$4.4b | -AU$214,869,800.50 | 33.1x | -71.3x | 3.5x |
| Sat, 18 May 2024 | AU$15.5b | AU$4.4b | -AU$215,436,579.70 | 32.9x | -71.9x | 3.5x |
| Mon, 15 Apr 2024 | AU$14.8b | AU$4.4b | -AU$220,750,134.70 | 46.9x | -67.2x | 3.4x |
| Wed, 13 Mar 2024 | AU$15.5b | AU$4.4b | -AU$216,452,059.10 | 38.4x | -71.7x | 3.5x |
| Fri, 09 Feb 2024 | AU$13.3b | AU$4.3b | -AU$462,161,676.00 | 40.8x | -28.8x | 3.1x |
| Sun, 07 Jan 2024 | AU$11.9b | AU$4.4b | -AU$448,037,914.00 | 34x | -26.6x | 2.7x |
| Tue, 05 Dec 2023 | AU$12.1b | AU$4.4b | -AU$451,969,330.00 | 32.8x | -26.7x | 2.7x |
| Thu, 02 Nov 2023 | AU$11.1b | AU$4.5b | -AU$469,597,933.00 | 29.3x | -23.5x | 2.4x |
| Sat, 30 Sep 2023 | AU$11.7b | AU$4.5b | -AU$462,290,195.00 | 29.6x | -25.3x | 2.6x |
| Mon, 28 Aug 2023 | AU$12.5b | AU$4.5b | -AU$430,359,391.00 | 23.2x | -29.1x | 2.8x |
| Wed, 26 Jul 2023 | AU$10.0b | AU$3.9b | -AU$458,268,452.00 | 18.8x | -21.7x | 2.5x |
| Fri, 23 Jun 2023 | AU$9.8b | AU$3.9b | -AU$458,188,474.00 | 18.2x | -21.5x | 2.5x |
| Sun, 21 May 2023 | AU$8.2b | AU$3.9b | -AU$464,527,025.00 | 17x | -17.8x | 2.1x |
| Tue, 18 Apr 2023 | AU$8.3b | AU$3.9b | -AU$464,436,346.00 | 26.3x | -18x | 2.1x |
| Thu, 16 Mar 2023 | AU$23.2b | AU$10.3b | -AU$623,642,292.00 | 24.7x | -37.2x | 2.2x |
| Sat, 11 Feb 2023 | AU$25.1b | AU$9.4b | -AU$18,006,502.00 | 27.1x | -1392.7x | 2.7x |
Price to Earnings Ratio
-1392.7x
Current Industry PE
- Investors are optimistic on the Australian IT industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 4.2x is lower than the industry's current PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the IT industry have deteriorated over the last three years.
- Revenues have also declined 33% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Trends
Which industries have driven the changes within the Australian Tech industry?
| AU Market | -1.35% | |
| Tech | -5.76% | |
| IT | -2.04% | |
| IT Consulting | 12.13% | |
| Internet Services and Infrastructure | -4.50% | |
| Data Processing Services | -7.04% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 25.3x.
- Analysts expect its future annual earnings growth (25.5%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 26% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Data Processing Services industry is expected to see its earnings grow by 7.4% 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 | |
|---|---|---|---|---|---|
| APX Appen | AU$1.90 | 74.3% +AU$215.1m | -32.4% | PS1.6x | |
| DTL Data#3 | AU$10.12 | 5.9% +AU$86.8m | 47.5% | PE32.6x | |
| WRK Wrkr | AU$0.16 | 3.2% +AU$9.5m | 213.7% | PS38.1x | |
| KYP Kinatico | AU$0.21 | 4.9% +AU$4.4m | 26.5% | PE83.4x | |
| SPX Spenda | AU$0.003 | 20.0% +AU$2.7m | -66.7% | PS1.5x |
