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Australian (ASX) IT Industry Analysis
UpdatedJan 26, 2026
DataAggregated Company Financials
Companies19
- 7D1.3%
- 3M-12.9%
- 1Y-7.8%
- YTD5.1%
Over the last 7 days, the IT industry has risen 1.3%, driven by gains from NEXTDC of 2.5%. However, the industry is down 7.8% over the past year. 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 |
|---|---|---|---|---|---|---|
| Tue, 27 Jan 2026 | AU$15.3b | AU$2.9b | -AU$98,706,469.60 | 46.9x | -155.5x | 5.3x |
| Thu, 25 Dec 2025 | AU$14.9b | AU$2.9b | -AU$99,836,222.90 | 42.2x | -149.2x | 5.2x |
| Sat, 22 Nov 2025 | AU$15.0b | AU$2.9b | -AU$101,234,957.90 | 40.4x | -148.1x | 5.2x |
| Mon, 20 Oct 2025 | AU$16.9b | AU$2.9b | -AU$100,877,742.50 | 39.6x | -167.9x | 5.8x |
| Wed, 17 Sep 2025 | AU$18.0b | AU$2.9b | -AU$82,486,668.70 | 39.6x | -218.6x | 6.2x |
| Fri, 15 Aug 2025 | AU$16.0b | AU$2.8b | -AU$87,749,027.90 | 33.4x | -181.9x | 5.6x |
| Sun, 13 Jul 2025 | AU$14.8b | AU$2.8b | -AU$89,542,924.40 | 36.1x | -165.3x | 5.3x |
| Tue, 10 Jun 2025 | AU$14.6b | AU$2.8b | -AU$89,809,044.10 | 39.6x | -162.4x | 5.2x |
| Thu, 08 May 2025 | AU$14.3b | AU$2.8b | -AU$90,007,133.20 | 43.7x | -159x | 5.1x |
| Sat, 05 Apr 2025 | AU$11.9b | AU$2.8b | -AU$91,701,895.50 | 34.9x | -129.5x | 4.2x |
| Mon, 03 Mar 2025 | AU$14.5b | AU$2.8b | -AU$91,359,741.60 | 38.9x | -159.2x | 5.2x |
| Wed, 29 Jan 2025 | AU$15.4b | AU$2.6b | -AU$190,475,906.70 | 76.5x | -81x | 5.9x |
| Fri, 27 Dec 2024 | AU$15.6b | AU$2.6b | -AU$190,781,226.00 | 73.8x | -81.9x | 5.9x |
| Sun, 24 Nov 2024 | AU$16.1b | AU$2.6b | -AU$184,748,856.80 | 70x | -87x | 6.2x |
| Tue, 22 Oct 2024 | AU$17.1b | AU$2.6b | -AU$180,844,470.60 | 66.7x | -94.3x | 6.6x |
| Thu, 19 Sep 2024 | AU$16.1b | AU$2.6b | -AU$169,594,768.60 | 62.3x | -94.9x | 6.2x |
| Sat, 17 Aug 2024 | AU$16.4b | AU$4.4b | -AU$215,897,087.80 | 37.7x | -76x | 3.7x |
| Mon, 15 Jul 2024 | AU$16.9b | AU$4.4b | -AU$211,965,057.10 | 36.8x | -79.9x | 3.9x |
| Wed, 12 Jun 2024 | AU$15.3b | AU$4.4b | -AU$216,841,719.80 | 35.2x | -70.6x | 3.5x |
| Fri, 10 May 2024 | AU$15.6b | AU$4.4b | -AU$217,479,346.40 | 34.1x | -71.6x | 3.6x |
| Sun, 07 Apr 2024 | AU$14.7b | AU$4.4b | -AU$217,373,075.30 | 41.1x | -67.8x | 3.4x |
| Tue, 05 Mar 2024 | AU$14.9b | AU$4.4b | -AU$218,955,333.90 | 39.9x | -68x | 3.4x |
| Thu, 01 Feb 2024 | AU$13.2b | AU$4.4b | -AU$456,446,776.00 | 36.9x | -28.9x | 3x |
| Sat, 30 Dec 2023 | AU$12.3b | AU$4.4b | -AU$443,014,438.00 | 34.1x | -27.7x | 2.8x |
| Mon, 27 Nov 2023 | AU$11.7b | AU$4.4b | -AU$455,873,445.00 | 32.3x | -25.6x | 2.6x |
| Wed, 25 Oct 2023 | AU$11.5b | AU$4.5b | -AU$468,587,777.00 | 29.6x | -24.5x | 2.5x |
| Fri, 22 Sep 2023 | AU$11.7b | AU$4.5b | -AU$464,938,440.00 | 30x | -25.1x | 2.6x |
| Sun, 20 Aug 2023 | AU$12.2b | AU$4.3b | -AU$468,898,914.00 | 24.3x | -26x | 2.9x |
| Tue, 18 Jul 2023 | AU$10.2b | AU$3.9b | -AU$455,362,613.00 | 18.5x | -22.4x | 2.6x |
| Thu, 15 Jun 2023 | AU$9.8b | AU$3.9b | -AU$456,236,055.00 | 18x | -21.4x | 2.5x |
| Sat, 13 May 2023 | AU$8.2b | AU$3.9b | -AU$465,795,959.00 | 23.6x | -17.7x | 2.1x |
| Mon, 10 Apr 2023 | AU$7.7b | AU$3.9b | -AU$466,968,958.00 | 24.1x | -16.4x | 2x |
| Wed, 08 Mar 2023 | AU$24.9b | AU$10.2b | -AU$623,288,236.00 | 25x | -40x | 2.4x |
| Fri, 03 Feb 2023 | AU$24.0b | AU$9.2b | -AU$35,609,617.00 | 35.2x | -673.6x | 2.6x |
Price to Earnings Ratio
-673.6x
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 | -0.29% | |
| Tech | -0.57% | |
| IT | 1.33% | |
| Internet Services and Infrastructure | 1.70% | |
| IT Consulting | -0.64% | |
| Data Processing Services | -2.86% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 24.8x.
- Analysts are expecting annual earnings growth of 22.1%, 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 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 7.4% 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$13.32 | 1.1% +AU$89.7m | -9.7% | PS20x | |
| MAQ Macquarie Technology Group | AU$70.39 | 3.2% +AU$55.7m | -14.6% | PE52.1x | |
| APX Appen | AU$1.19 | 13.3% +AU$37.2m | -51.4% | PS1x | |
| ATA Atturra | AU$0.71 | 8.3% +AU$20.3m | -31.9% | PE29x | |
| MP1 Megaport | AU$12.42 | 0.7% +AU$16.0m | 51.6% | PS9.7x |
