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Australian (ASX) IT Industry Analysis
UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies19
- 7D-2.1%
- 3M-16.8%
- 1Y-4.4%
- YTD2.9%
The IT is pretty flat in the last 7 days, but Appen has stood out, gaining 41%. Unfortunately though, the industry is down 4.0% over the past 12 months. Looking forward, earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Tue, 03 Feb 2026 | AU$15.0b | AU$2.9b | -AU$98,418,115.00 | 44.7x | -152.7x | 5.2x |
| Thu, 01 Jan 2026 | AU$14.5b | AU$2.9b | -AU$99,685,584.10 | 43.2x | -145.3x | 5x |
| Sat, 29 Nov 2025 | AU$15.6b | AU$2.9b | -AU$100,746,476.60 | 43.3x | -154.7x | 5.4x |
| Mon, 27 Oct 2025 | AU$17.2b | AU$2.9b | -AU$100,819,641.20 | 40.4x | -170.6x | 5.9x |
| Wed, 24 Sep 2025 | AU$18.3b | AU$2.9b | -AU$82,772,871.40 | 41.3x | -220.7x | 6.3x |
| Fri, 22 Aug 2025 | AU$15.8b | AU$2.8b | -AU$88,223,241.20 | 33.4x | -178.6x | 5.6x |
| Sun, 20 Jul 2025 | AU$15.8b | AU$2.8b | -AU$87,841,069.30 | 33.9x | -179.8x | 5.6x |
| Tue, 17 Jun 2025 | AU$15.1b | AU$2.8b | -AU$89,821,049.50 | 39.6x | -167.7x | 5.4x |
| Thu, 15 May 2025 | AU$15.0b | AU$2.8b | -AU$90,017,137.70 | 46x | -167x | 5.4x |
| Sat, 12 Apr 2025 | AU$12.2b | AU$2.8b | -AU$91,237,686.70 | 34.9x | -133.3x | 4.3x |
| Mon, 10 Mar 2025 | AU$14.4b | AU$2.8b | -AU$90,825,501.30 | 38.9x | -158.5x | 5.1x |
| Wed, 05 Feb 2025 | AU$15.8b | AU$2.8b | -AU$201,994,377.20 | 80.1x | -78x | 5.7x |
| Fri, 03 Jan 2025 | AU$15.6b | AU$2.6b | -AU$191,206,822.60 | 73.1x | -81.4x | 5.9x |
| Sun, 01 Dec 2024 | AU$16.6b | AU$2.6b | -AU$184,184,478.70 | 73.2x | -90x | 6.4x |
| Tue, 29 Oct 2024 | AU$16.2b | AU$2.6b | -AU$182,408,075.50 | 67.6x | -88.7x | 6.2x |
| Thu, 26 Sep 2024 | AU$16.0b | AU$2.6b | -AU$167,799,861.20 | 62.3x | -95.6x | 6.2x |
| Sat, 24 Aug 2024 | AU$16.4b | AU$2.6b | -AU$210,811,764.00 | 52.2x | -78x | 6.3x |
| Mon, 22 Jul 2024 | AU$16.4b | AU$4.4b | -AU$214,633,642.50 | 40.3x | -76.3x | 3.7x |
| Wed, 19 Jun 2024 | AU$15.4b | AU$4.4b | -AU$216,357,595.90 | 32.8x | -71x | 3.5x |
| Fri, 17 May 2024 | AU$15.7b | AU$4.4b | -AU$214,822,568.90 | 35.1x | -73.3x | 3.6x |
| Sun, 14 Apr 2024 | AU$14.8b | AU$4.4b | -AU$219,829,118.50 | 46.9x | -67.5x | 3.4x |
| Tue, 12 Mar 2024 | AU$15.4b | AU$4.4b | -AU$216,416,635.40 | 37.1x | -70.9x | 3.5x |
| Thu, 08 Feb 2024 | AU$13.3b | AU$4.3b | -AU$460,250,571.00 | 40.6x | -28.9x | 3.1x |
| Sat, 06 Jan 2024 | AU$11.9b | AU$4.4b | -AU$450,222,034.00 | 34x | -26.4x | 2.7x |
| Mon, 04 Dec 2023 | AU$11.8b | AU$4.4b | -AU$450,658,858.00 | 32.9x | -26.2x | 2.7x |
| Wed, 01 Nov 2023 | AU$10.9b | AU$4.5b | -AU$468,069,049.00 | 28.3x | -23.3x | 2.4x |
| Fri, 29 Sep 2023 | AU$11.6b | AU$4.5b | -AU$466,057,802.00 | 29.5x | -24.9x | 2.6x |
| Sun, 27 Aug 2023 | AU$12.5b | AU$4.5b | -AU$430,359,391.00 | 23.2x | -29.1x | 2.8x |
| Tue, 25 Jul 2023 | AU$10.0b | AU$3.9b | -AU$459,148,201.00 | 18.5x | -21.8x | 2.6x |
| Thu, 22 Jun 2023 | AU$9.8b | AU$3.9b | -AU$458,215,134.00 | 18.2x | -21.5x | 2.5x |
| Sat, 20 May 2023 | AU$8.2b | AU$3.9b | -AU$464,020,503.00 | 17x | -17.8x | 2.1x |
| Mon, 17 Apr 2023 | AU$8.3b | AU$3.9b | -AU$464,569,642.00 | 24.4x | -17.9x | 2.1x |
| Wed, 15 Mar 2023 | AU$22.7b | AU$10.3b | -AU$623,538,037.00 | 25x | -36.5x | 2.2x |
| Fri, 10 Feb 2023 | AU$25.0b | AU$9.3b | -AU$28,263,300.00 | 26.8x | -883.3x | 2.7x |
Price to Earnings Ratio
-883.3x
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 5.4x.
Past Earnings Growth
- The earnings for companies in the IT industry have deteriorated over the last three years.
- Revenues have also declined 32% 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 | -1.47% | |
| Tech | -7.61% | |
| IT | -2.11% | |
| IT Consulting | 5.34% | |
| Internet Services and Infrastructure | -3.46% | |
| Data Processing Services | -5.47% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 25.2x.
- Analysts expect its future annual earnings growth (26.6%) 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 27% 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 |
