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Australian (ASX) IT Industry Analysis
UpdatedJan 16, 2026
DataAggregated Company Financials
Companies19
- 7D-1.7%
- 3M-14.3%
- 1Y-8.2%
- YTD0.6%
Over the last 7 days, the IT industry has dropped 1.7%, driven by Kinatico declining 19%. Overall the industry is down 8.2% in 12 months. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Fri, 16 Jan 2026 | AU$14.7b | AU$2.9b | -AU$99,623,179.00 | 43.8x | -147.4x | 5.1x |
| Sun, 14 Dec 2025 | AU$15.2b | AU$2.9b | -AU$100,124,577.50 | 41.1x | -152.3x | 5.3x |
| Tue, 11 Nov 2025 | AU$16.5b | AU$2.9b | -AU$100,703,438.60 | 41x | -163.4x | 5.7x |
| Thu, 09 Oct 2025 | AU$17.4b | AU$2.9b | -AU$100,505,463.80 | 41.3x | -173.4x | 6x |
| Sat, 06 Sep 2025 | AU$17.1b | AU$2.9b | -AU$83,082,745.00 | 38x | -205.5x | 5.9x |
| Mon, 04 Aug 2025 | AU$15.7b | AU$2.8b | -AU$88,079,176.40 | 33.3x | -178.6x | 5.5x |
| Wed, 02 Jul 2025 | AU$15.7b | AU$2.8b | -AU$89,755,019.80 | 36.1x | -174.9x | 5.6x |
| Fri, 30 May 2025 | AU$14.6b | AU$2.8b | -AU$90,173,207.90 | 36.1x | -161.5x | 5.2x |
| Sun, 27 Apr 2025 | AU$12.6b | AU$2.8b | -AU$90,383,302.40 | 41.4x | -138.9x | 4.5x |
| Tue, 25 Mar 2025 | AU$14.0b | AU$2.8b | -AU$90,911,540.00 | 34.9x | -154.1x | 5x |
| Thu, 20 Feb 2025 | AU$16.0b | AU$2.8b | -AU$207,921,365.10 | 79.7x | -76.8x | 5.8x |
| Sat, 18 Jan 2025 | AU$15.8b | AU$2.6b | -AU$191,660,175.50 | 73.3x | -82.4x | 6x |
| Mon, 16 Dec 2024 | AU$16.0b | AU$2.6b | -AU$187,922,327.10 | 73.4x | -84.9x | 6.1x |
| Wed, 13 Nov 2024 | AU$17.3b | AU$2.6b | -AU$183,758,882.10 | 71.2x | -94x | 6.6x |
| Fri, 11 Oct 2024 | AU$17.1b | AU$2.6b | -AU$179,974,773.20 | 65.1x | -94.8x | 6.6x |
| Sun, 08 Sep 2024 | AU$15.8b | AU$2.6b | -AU$170,603,077.50 | 63.2x | -92.7x | 6.1x |
| Tue, 06 Aug 2024 | AU$15.2b | AU$4.4b | -AU$220,832,790.00 | 38.1x | -68.8x | 3.5x |
| Thu, 04 Jul 2024 | AU$15.1b | AU$4.4b | -AU$214,952,455.80 | 36x | -70.1x | 3.4x |
| Sat, 01 Jun 2024 | AU$15.3b | AU$4.4b | -AU$215,389,348.10 | 33.7x | -70.8x | 3.5x |
| Mon, 29 Apr 2024 | AU$14.5b | AU$4.4b | -AU$218,636,520.60 | 37.6x | -66.4x | 3.3x |
| Wed, 27 Mar 2024 | AU$15.5b | AU$4.4b | -AU$218,116,973.00 | 38.5x | -70.9x | 3.5x |
| Fri, 23 Feb 2024 | AU$13.4b | AU$4.4b | -AU$437,704,765.50 | 29.5x | -30.5x | 3x |
| Sun, 21 Jan 2024 | AU$12.4b | AU$4.4b | -AU$455,218,209.00 | 35.5x | -27.3x | 2.8x |
| Tue, 19 Dec 2023 | AU$12.0b | AU$4.4b | -AU$449,239,180.00 | 33.7x | -26.8x | 2.7x |
| Thu, 16 Nov 2023 | AU$11.9b | AU$4.5b | -AU$457,230,353.00 | 31x | -26.1x | 2.7x |
| Sat, 14 Oct 2023 | AU$11.8b | AU$4.5b | -AU$471,782,053.00 | 30.2x | -25x | 2.6x |
| Mon, 11 Sep 2023 | AU$12.0b | AU$4.5b | -AU$467,231,766.00 | 22.1x | -25.8x | 2.7x |
| Wed, 09 Aug 2023 | AU$12.0b | AU$4.3b | -AU$462,474,079.00 | 23.7x | -26x | 2.8x |
| Fri, 07 Jul 2023 | AU$9.6b | AU$3.9b | -AU$466,879,330.00 | 18.5x | -20.6x | 2.5x |
| Sun, 04 Jun 2023 | AU$9.6b | AU$3.9b | -AU$467,032,977.00 | 17.9x | -20.6x | 2.5x |
| Tue, 02 May 2023 | AU$8.2b | AU$3.9b | -AU$468,888,411.00 | 24.1x | -17.5x | 2.1x |
| Thu, 30 Mar 2023 | AU$7.3b | AU$3.9b | -AU$466,302,481.00 | 22.6x | -15.6x | 1.9x |
| Sat, 25 Feb 2023 | AU$24.7b | AU$10.2b | -AU$5,814,766.00 | 28.9x | -4251.2x | 2.4x |
| Mon, 23 Jan 2023 | AU$24.2b | AU$9.4b | -AU$71,988,489.00 | 33.3x | -336.5x | 2.6x |
Price to Earnings Ratio
-336.5x
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 5.1x.
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 | 1.60% | |
| Tech | -2.30% | |
| IT | -1.68% | |
| Data Processing Services | 3.37% | |
| IT Consulting | 0.60% | |
| Internet Services and Infrastructure | -2.10% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 24.1x.
- Analysts are expecting annual earnings growth of 21.1%, 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 21% 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 7.4% 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 | |
|---|---|---|---|---|---|
| NXT NEXTDC | AU$13.00 | 3.7% +AU$294.8m | -16.0% | PS19.5x | |
| APX Appen | AU$1.14 | 18.8% +AU$47.8m | -57.0% | PS0.9x | |
| DTL Data#3 | AU$9.77 | 2.0% +AU$29.5m | 48.9% | PE31.4x | |
| WRK Wrkr | AU$0.17 | 10.0% +AU$28.5m | 251.1% | PS39.3x | |
| MAQ Macquarie Technology Group | AU$69.51 | 0.7% +AU$11.9m | -18.3% | PE51.4x |
