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Australian (ASX) IT Industry Analysis
UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies19
- 7D-2.2%
- 3M-10.4%
- 1Y-8.4%
- YTD2.0%
Over the last 7 days, the IT industry has dropped 4.2%, driven by Megaport declining 8.6%. On the other hand Appen is actually up 34%. The industry has fallen 8.8% in the last year. 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 |
|---|---|---|---|---|---|---|
| Fri, 06 Feb 2026 | AU$14.9b | AU$2.9b | -AU$98,321,279.50 | 42.3x | -151.5x | 5.2x |
| Sun, 04 Jan 2026 | AU$14.6b | AU$2.9b | -AU$99,655,457.50 | 43.5x | -146.4x | 5.1x |
| Tue, 02 Dec 2025 | AU$15.6b | AU$2.9b | -AU$100,610,906.90 | 42.1x | -155x | 5.4x |
| Thu, 30 Oct 2025 | AU$17.2b | AU$2.9b | -AU$100,397,868.80 | 42.7x | -171.2x | 5.9x |
| Sat, 27 Sep 2025 | AU$18.1b | AU$2.9b | -AU$83,196,795.70 | 40.1x | -217.7x | 6.2x |
| Mon, 25 Aug 2025 | AU$15.7b | AU$2.8b | -AU$98,800,273.70 | 33.3x | -158.7x | 5.6x |
| Wed, 23 Jul 2025 | AU$15.7b | AU$2.8b | -AU$87,823,061.20 | 34.6x | -179.2x | 5.6x |
| Fri, 20 Jun 2025 | AU$15.0b | AU$2.8b | -AU$90,075,163.80 | 39x | -166.3x | 5.4x |
| Sun, 18 May 2025 | AU$14.9b | AU$2.8b | -AU$90,357,290.70 | 41.9x | -164.8x | 5.3x |
| Tue, 15 Apr 2025 | AU$12.4b | AU$2.8b | -AU$90,793,486.90 | 34.9x | -136.6x | 4.4x |
| Thu, 13 Mar 2025 | AU$13.8b | AU$2.8b | -AU$90,945,555.30 | 39x | -152.1x | 4.9x |
| Sat, 08 Feb 2025 | AU$16.3b | AU$2.8b | -AU$200,190,217.70 | 80.2x | -81.2x | 5.9x |
| Mon, 06 Jan 2025 | AU$15.6b | AU$2.6b | -AU$191,188,318.40 | 73.2x | -81.8x | 5.9x |
| Wed, 04 Dec 2024 | AU$16.6b | AU$2.6b | -AU$184,924,646.70 | 71.8x | -89.8x | 6.4x |
| Fri, 01 Nov 2024 | AU$16.2b | AU$2.6b | -AU$183,175,999.80 | 68.3x | -88.6x | 6.2x |
| Sun, 29 Sep 2024 | AU$16.5b | AU$2.6b | -AU$167,235,483.10 | 64.3x | -98.9x | 6.4x |
| Tue, 27 Aug 2024 | AU$16.7b | AU$2.6b | -AU$209,583,742.40 | 51.5x | -79.7x | 6.4x |
| Thu, 25 Jul 2024 | AU$16.3b | AU$4.4b | -AU$216,877,143.50 | 40.7x | -75.2x | 3.7x |
| Sat, 22 Jun 2024 | AU$15.1b | AU$4.4b | -AU$215,412,963.90 | 33.3x | -70.3x | 3.5x |
| Mon, 20 May 2024 | AU$15.5b | AU$4.4b | -AU$214,267,597.60 | 32.9x | -72.3x | 3.5x |
| Wed, 17 Apr 2024 | AU$14.3b | AU$4.4b | -AU$222,237,930.10 | 40.6x | -64.2x | 3.2x |
| Fri, 15 Mar 2024 | AU$15.5b | AU$4.4b | -AU$216,180,477.40 | 37.6x | -71.5x | 3.5x |
| Sun, 11 Feb 2024 | AU$13.3b | AU$4.3b | -AU$460,359,777.00 | 41.1x | -28.9x | 3.1x |
| Tue, 09 Jan 2024 | AU$11.8b | AU$4.4b | -AU$450,030,924.00 | 34x | -26.1x | 2.7x |
| Thu, 07 Dec 2023 | AU$12.1b | AU$4.4b | -AU$456,828,997.00 | 33.4x | -26.5x | 2.7x |
| Sat, 04 Nov 2023 | AU$11.5b | AU$4.5b | -AU$462,745,256.00 | 30.2x | -24.8x | 2.5x |
| Mon, 02 Oct 2023 | AU$11.7b | AU$4.5b | -AU$463,627,968.00 | 29.6x | -25.2x | 2.6x |
| Wed, 30 Aug 2023 | AU$12.1b | AU$4.5b | -AU$494,247,029.00 | 22.6x | -24.5x | 2.7x |
| Fri, 28 Jul 2023 | AU$10.4b | AU$3.9b | -AU$456,375,658.00 | 18.6x | -22.8x | 2.7x |
| Sun, 25 Jun 2023 | AU$9.4b | AU$3.9b | -AU$463,147,061.00 | 19.4x | -20.3x | 2.4x |
| Tue, 23 May 2023 | AU$8.2b | AU$3.9b | -AU$465,140,183.00 | 17.4x | -17.7x | 2.1x |
| Thu, 20 Apr 2023 | AU$8.1b | AU$3.9b | -AU$464,942,868.00 | 24.9x | -17.5x | 2.1x |
| Sat, 18 Mar 2023 | AU$22.4b | AU$10.3b | -AU$623,422,595.00 | 25.1x | -35.9x | 2.2x |
| Mon, 13 Feb 2023 | AU$25.1b | AU$9.4b | -AU$17,895,492.00 | 27.1x | -1401.3x | 2.7x |
Price to Earnings Ratio
-1401.3x
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 5.1x.
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 | -1.00% | |
| Tech | -9.99% | |
| IT | -2.17% | |
| IT Consulting | -0.85% | |
| Internet Services and Infrastructure | -2.42% | |
| Data Processing Services | -3.32% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 25.4x.
- Analysts expect its future annual earnings growth (27.1%) 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 7.3% 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$1.89 | 33.7% +AU$126.2m | -32.4% | PS1.6x | |
| NXT NEXTDC | AU$13.22 | 0.2% +AU$12.8m | -12.7% | PS19.8x | |
| SPX Spenda | AU$0.004 | 100.0% +AU$10.8m | -55.6% | PS2x | |
| SOC SOCO | AU$0.062 | 14.8% +AU$1.1m | -31.9% | PE126.5x | |
| CYB AUCyber | AU$0.075 | 2.7% +AU$417.5k | -44.4% | PS0.7x |
