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Australian (ASX) IT Industry Analysis
UpdatedDec 06, 2025
DataAggregated Company Financials
Companies20
- 7D-0.5%
- 3M-10.4%
- 1Y-8.3%
- YTD-2.9%
Over the last 7 days, the IT industry has remained flat, although notably Megaport declined by 7.4%. Unfortunately though, the industry is down 8.3% over the past 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 |
|---|---|---|---|---|---|---|
| Sat, 06 Dec 2025 | AU$15.5b | AU$2.9b | -AU$100,234,324.40 | 40.5x | -154.6x | 5.4x |
| Mon, 03 Nov 2025 | AU$17.1b | AU$2.9b | -AU$100,656,096.80 | 42.7x | -170x | 5.9x |
| Wed, 01 Oct 2025 | AU$17.7b | AU$2.9b | -AU$89,929,263.80 | 39.9x | -196.4x | 6.1x |
| Fri, 29 Aug 2025 | AU$15.8b | AU$2.9b | -AU$100,566,047.10 | 35.1x | -157.3x | 5.5x |
| Sun, 27 Jul 2025 | AU$15.9b | AU$2.8b | -AU$87,574,949.60 | 35.3x | -181.1x | 5.6x |
| Tue, 24 Jun 2025 | AU$15.1b | AU$2.8b | -AU$90,483,347.40 | 39x | -166.4x | 5.4x |
| Thu, 22 May 2025 | AU$14.5b | AU$2.8b | -AU$90,163,203.40 | 40.8x | -160.4x | 5.2x |
| Sat, 19 Apr 2025 | AU$12.4b | AU$2.8b | -AU$90,509,359.10 | 37.9x | -137.4x | 4.4x |
| Mon, 17 Mar 2025 | AU$14.1b | AU$2.8b | -AU$90,745,465.30 | 39x | -155.1x | 5x |
| Wed, 12 Feb 2025 | AU$16.3b | AU$2.8b | -AU$200,393,763.90 | 78.6x | -81.3x | 5.9x |
| Fri, 10 Jan 2025 | AU$15.7b | AU$2.6b | -AU$191,604,662.90 | 74.4x | -82.1x | 6x |
| Sun, 08 Dec 2024 | AU$16.5b | AU$2.6b | -AU$187,172,907.00 | 73.9x | -88.2x | 6.3x |
| Tue, 05 Nov 2024 | AU$16.2b | AU$2.6b | -AU$182,463,588.10 | 69.5x | -89x | 6.2x |
| Thu, 03 Oct 2024 | AU$16.7b | AU$2.6b | -AU$167,673,197.00 | 62.8x | -99.4x | 6.5x |
| Sat, 31 Aug 2024 | AU$15.7b | AU$2.6b | -AU$197,527,080.20 | 46.4x | -79.5x | 6x |
| Mon, 29 Jul 2024 | AU$15.8b | AU$4.4b | -AU$218,140,588.80 | 38.6x | -72.4x | 3.6x |
| Wed, 26 Jun 2024 | AU$15.2b | AU$4.4b | -AU$215,247,653.30 | 33.4x | -70.5x | 3.5x |
| Fri, 24 May 2024 | AU$15.6b | AU$4.4b | -AU$215,755,393.00 | 34.8x | -72.1x | 3.5x |
| Sun, 21 Apr 2024 | AU$14.2b | AU$4.4b | -AU$221,919,116.80 | 36.5x | -63.8x | 3.2x |
| Tue, 19 Mar 2024 | AU$15.3b | AU$4.4b | -AU$217,609,233.30 | 38.6x | -70.5x | 3.5x |
| Thu, 15 Feb 2024 | AU$13.1b | AU$4.3b | -AU$463,444,846.50 | 40.9x | -28.3x | 3x |
| Sat, 13 Jan 2024 | AU$12.3b | AU$4.4b | -AU$449,812,512.00 | 34x | -27.3x | 2.8x |
| Mon, 11 Dec 2023 | AU$12.0b | AU$4.4b | -AU$456,501,379.00 | 33.4x | -26.3x | 2.7x |
| Wed, 08 Nov 2023 | AU$11.5b | AU$4.5b | -AU$464,465,251.00 | 30x | -24.8x | 2.6x |
| Fri, 06 Oct 2023 | AU$11.7b | AU$4.5b | -AU$470,416,978.00 | 29.7x | -24.8x | 2.6x |
| Sun, 03 Sep 2023 | AU$12.5b | AU$4.5b | -AU$462,344,798.00 | 23.4x | -27x | 2.8x |
| Tue, 01 Aug 2023 | AU$10.3b | AU$3.9b | -AU$461,547,517.00 | 19.5x | -22.4x | 2.6x |
| Thu, 29 Jun 2023 | AU$9.4b | AU$3.9b | -AU$465,892,944.00 | 17.6x | -20.1x | 2.4x |
| Sat, 27 May 2023 | AU$8.8b | AU$3.9b | -AU$471,618,336.00 | 17.6x | -18.7x | 2.2x |
| Mon, 24 Apr 2023 | AU$8.1b | AU$3.9b | -AU$465,422,732.00 | 25.2x | -17.3x | 2.1x |
| Wed, 22 Mar 2023 | AU$7.3b | AU$3.9b | -AU$466,062,550.00 | 21.9x | -15.6x | 1.9x |
| Fri, 17 Feb 2023 | AU$24.3b | AU$9.9b | AU$106.2m | 25.4x | 228.5x | 2.4x |
| Sun, 15 Jan 2023 | AU$24.2b | AU$9.4b | -AU$71,630,572.00 | 32.5x | -337.3x | 2.6x |
| Tue, 13 Dec 2022 | AU$25.9b | AU$9.5b | -AU$68,642,995.00 | 32.1x | -376.7x | 2.7x |
Price to Earnings Ratio
-376.7x
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 4.1x 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 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 | 0.059% | |
| Tech | -1.84% | |
| IT | -0.53% | |
| IT Consulting | 1.43% | |
| Internet Services and Infrastructure | -0.86% | |
| Data Processing Services | -2.73% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 21.6x.
- Analysts are expecting annual earnings growth of 19.2%, 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 19% 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 6.9% 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$13.86 | 2.1% +AU$185.8m | -14.7% | PS20.8x | |
| ATA Atturra | AU$0.85 | 6.9% +AU$20.4m | -21.3% | PE34.6x | |
| WRK Wrkr | AU$0.14 | 8.0% +AU$19.0m | 128.8% | PS32.1x | |
| DTL Data#3 | AU$9.18 | 1.1% +AU$15.5m | 16.8% | PE29.5x | |
| STH StepChange Holdings | AU$0.16 | 18.5% +AU$4.0m | n/a | PE-10.3x |
