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Australian (ASX) IT Industry Analysis
UpdatedJan 19, 2026
DataAggregated Company Financials
Companies19
- 7D2.7%
- 3M-12.4%
- 1Y-6.3%
- YTD3.7%
Over the last 7 days, the IT industry has risen 2.7%, driven by gains from NEXTDC of 2.9%. In the past year, the industry is down 6.3%. Earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Mon, 19 Jan 2026 | AU$15.1b | AU$2.9b | -AU$99,683,432.20 | 44.7x | -151.9x | 5.3x |
| Wed, 17 Dec 2025 | AU$14.7b | AU$2.9b | -AU$100,193,438.30 | 40.7x | -147x | 5.1x |
| Fri, 14 Nov 2025 | AU$16.0b | AU$2.9b | -AU$100,567,868.90 | 41.9x | -159.3x | 5.5x |
| Sun, 12 Oct 2025 | AU$17.2b | AU$2.9b | -AU$100,955,210.90 | 41.8x | -170.8x | 5.9x |
| Tue, 09 Sep 2025 | AU$17.1b | AU$2.9b | -AU$82,867,555.00 | 38.7x | -206.8x | 5.9x |
| Thu, 07 Aug 2025 | AU$16.1b | AU$2.8b | -AU$87,855,075.60 | 31.6x | -183.4x | 5.7x |
| Sat, 05 Jul 2025 | AU$15.2b | AU$2.8b | -AU$89,632,964.90 | 36.1x | -169.8x | 5.5x |
| Mon, 02 Jun 2025 | AU$14.5b | AU$2.8b | -AU$90,163,203.40 | 39.6x | -160.4x | 5.2x |
| Wed, 30 Apr 2025 | AU$13.0b | AU$2.8b | -AU$90,385,303.30 | 42.8x | -143.7x | 4.6x |
| Fri, 28 Mar 2025 | AU$13.9b | AU$2.8b | -AU$90,927,547.20 | 34.9x | -153.2x | 5x |
| Sun, 23 Feb 2025 | AU$16.1b | AU$2.8b | -AU$209,320,418.90 | 76.9x | -76.9x | 5.8x |
| Tue, 21 Jan 2025 | AU$15.9b | AU$2.6b | -AU$191,493,637.70 | 74.8x | -83.1x | 6.1x |
| Thu, 19 Dec 2024 | AU$15.9b | AU$2.6b | -AU$188,893,797.60 | 71.6x | -84x | 6.1x |
| Sat, 16 Nov 2024 | AU$17.0b | AU$2.6b | -AU$185,276,226.50 | 70.1x | -91.8x | 6.5x |
| Mon, 14 Oct 2024 | AU$17.1b | AU$2.6b | -AU$179,364,134.60 | 66.5x | -95.2x | 6.6x |
| Wed, 11 Sep 2024 | AU$16.1b | AU$2.6b | -AU$171,935,549.90 | 62.3x | -93.4x | 6.2x |
| Fri, 09 Aug 2024 | AU$15.0b | AU$4.4b | -AU$218,116,973.00 | 40.9x | -69x | 3.4x |
| Sun, 07 Jul 2024 | AU$15.3b | AU$4.4b | -AU$212,803,418.00 | 37.1x | -71.8x | 3.5x |
| Tue, 04 Jun 2024 | AU$15.2b | AU$4.4b | -AU$215,590,082.40 | 34.1x | -70.6x | 3.5x |
| Thu, 02 May 2024 | AU$14.3b | AU$4.4b | -AU$219,545,728.90 | 35.6x | -65.1x | 3.3x |
| Sat, 30 Mar 2024 | AU$15.5b | AU$4.4b | -AU$219,132,452.40 | 39.2x | -70.5x | 3.5x |
| Mon, 26 Feb 2024 | AU$13.6b | AU$4.4b | -AU$439,956,375.00 | 42.5x | -31x | 3.1x |
| Wed, 24 Jan 2024 | AU$12.6b | AU$4.4b | -AU$456,583,284.00 | 35.9x | -27.6x | 2.8x |
| Fri, 22 Dec 2023 | AU$11.9b | AU$4.4b | -AU$445,553,478.00 | 33.7x | -26.8x | 2.7x |
| Sun, 19 Nov 2023 | AU$11.9b | AU$4.5b | -AU$458,213,207.00 | 31.5x | -25.9x | 2.6x |
| Tue, 17 Oct 2023 | AU$11.8b | AU$4.5b | -AU$472,573,796.00 | 30.2x | -25x | 2.6x |
| Thu, 14 Sep 2023 | AU$11.8b | AU$4.5b | -AU$463,928,285.00 | 29.6x | -25.4x | 2.6x |
| Sat, 12 Aug 2023 | AU$12.2b | AU$4.3b | -AU$461,301,081.00 | 25.2x | -26.4x | 2.9x |
| Mon, 10 Jul 2023 | AU$9.4b | AU$3.9b | -AU$462,880,470.00 | 19.1x | -20.4x | 2.4x |
| Wed, 07 Jun 2023 | AU$9.4b | AU$3.9b | -AU$464,153,798.00 | 18.8x | -20.4x | 2.4x |
| Fri, 05 May 2023 | AU$8.2b | AU$3.9b | -AU$466,409,117.00 | 23.8x | -17.5x | 2.1x |
| Sun, 02 Apr 2023 | AU$7.5b | AU$3.9b | -AU$465,849,276.00 | 23.5x | -16.1x | 1.9x |
| Tue, 28 Feb 2023 | AU$25.0b | AU$10.2b | -AU$331,193,713.00 | 25.6x | -75.4x | 2.4x |
| Thu, 26 Jan 2023 | AU$24.4b | AU$9.3b | -AU$73,765,652.00 | 34.3x | -330.4x | 2.6x |
Price to Earnings Ratio
-330.4x
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 5.3x.
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 | 1.95% | |
| Tech | -1.35% | |
| IT | 2.71% | |
| Data Processing Services | 4.80% | |
| Internet Services and Infrastructure | 2.77% | |
| IT Consulting | 2.44% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 24.3x.
- Analysts are expecting annual earnings growth of 21.6%, which is lower than the prior year's growth of 27.9% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 22% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Data Processing Services industry is expected to see its earnings grow by 7.5% 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 | |
|---|---|---|---|---|---|
| NXT NEXTDC | AU$13.15 | 2.9% +AU$237.1m | -15.4% | PS19.7x | |
| MAQ Macquarie Technology Group | AU$68.67 | 2.2% +AU$38.9m | -19.4% | PE50.8x | |
| APX Appen | AU$1.12 | 10.9% +AU$29.2m | -58.1% | PS0.9x | |
| DTL Data#3 | AU$9.87 | 1.1% +AU$17.1m | 48.9% | PE31.8x | |
| AI1 Adisyn | AU$0.07 | 4.5% +AU$2.5m | -36.4% | PS16.8x |
