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Australian (ASX) IT Industry Analysis
UpdatedJan 25, 2026
DataAggregated Company Financials
Companies19
- 7D1.3%
- 3M-11.9%
- 1Y-7.8%
- YTD5.1%
The IT industry is up 1.3% in the last week, with NEXTDC up 2.5%. In contrast, the industry has lost 7.8% in the last 12 months. As for the next few years, earnings are expected to grow by 11% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 25 Jan 2026 | AU$15.3b | AU$2.9b | -AU$98,706,469.60 | 46.9x | -155.5x | 5.3x |
| Tue, 23 Dec 2025 | AU$14.8b | AU$2.9b | -AU$100,167,615.50 | 42.2x | -147.9x | 5.1x |
| Thu, 20 Nov 2025 | AU$15.0b | AU$2.9b | -AU$100,922,932.40 | 40.6x | -148.7x | 5.2x |
| Sat, 18 Oct 2025 | AU$16.9b | AU$2.9b | -AU$101,011,160.30 | 39.6x | -167.7x | 5.8x |
| Mon, 15 Sep 2025 | AU$17.9b | AU$2.9b | -AU$82,553,377.60 | 38.9x | -216.2x | 6.2x |
| Wed, 13 Aug 2025 | AU$16.0b | AU$2.8b | -AU$87,929,108.90 | 33.3x | -182.3x | 5.7x |
| Fri, 11 Jul 2025 | AU$14.8b | AU$2.8b | -AU$89,594,947.80 | 36.7x | -165.2x | 5.3x |
| Sun, 08 Jun 2025 | AU$14.6b | AU$2.8b | -AU$89,915,091.80 | 39.6x | -162.2x | 5.2x |
| Tue, 06 May 2025 | AU$13.7b | AU$2.8b | -AU$89,979,120.60 | 43.3x | -152.4x | 4.9x |
| Thu, 03 Apr 2025 | AU$13.0b | AU$2.8b | -AU$90,865,519.30 | 34.9x | -143.6x | 4.7x |
| Sat, 01 Mar 2025 | AU$14.5b | AU$2.8b | -AU$90,052,547.80 | 39.8x | -161.5x | 5.2x |
| Mon, 27 Jan 2025 | AU$16.2b | AU$2.6b | -AU$188,930,806.00 | 78.9x | -86x | 6.2x |
| Wed, 25 Dec 2024 | AU$15.6b | AU$2.6b | -AU$190,605,436.10 | 73.8x | -82x | 5.9x |
| Fri, 22 Nov 2024 | AU$16.6b | AU$2.6b | -AU$184,314,008.10 | 69.1x | -90.3x | 6.4x |
| Sun, 20 Oct 2024 | AU$16.7b | AU$2.6b | -AU$180,400,369.80 | 66.9x | -92.8x | 6.4x |
| Tue, 17 Sep 2024 | AU$16.2b | AU$2.6b | -AU$170,492,222.30 | 64.5x | -94.9x | 6.2x |
| Thu, 15 Aug 2024 | AU$16.2b | AU$4.4b | -AU$215,932,511.50 | 39.2x | -74.9x | 3.7x |
| Sat, 13 Jul 2024 | AU$16.9b | AU$4.4b | -AU$212,260,254.60 | 36.8x | -79.7x | 3.9x |
| Mon, 10 Jun 2024 | AU$15.3b | AU$4.4b | -AU$217,361,267.40 | 35.2x | -70.4x | 3.5x |
| Wed, 08 May 2024 | AU$15.2b | AU$4.4b | -AU$216,723,640.80 | 34.5x | -69.9x | 3.5x |
| Fri, 05 Apr 2024 | AU$15.0b | AU$4.4b | -AU$216,534,714.40 | 41.1x | -69.2x | 3.4x |
| Sun, 03 Mar 2024 | AU$14.9b | AU$4.4b | -AU$218,754,599.60 | 42.2x | -68x | 3.4x |
| Tue, 30 Jan 2024 | AU$12.5b | AU$4.4b | -AU$455,245,510.00 | 36.1x | -27.4x | 2.8x |
| Thu, 28 Dec 2023 | AU$12.1b | AU$4.4b | -AU$440,666,509.00 | 33.9x | -27.4x | 2.7x |
| Sat, 25 Nov 2023 | AU$11.7b | AU$4.4b | -AU$456,992,806.00 | 32.3x | -25.6x | 2.6x |
| Mon, 23 Oct 2023 | AU$11.4b | AU$4.5b | -AU$471,618,244.00 | 29x | -24.2x | 2.5x |
| Wed, 20 Sep 2023 | AU$11.7b | AU$4.5b | -AU$461,689,562.00 | 29.4x | -25.3x | 2.6x |
| Fri, 18 Aug 2023 | AU$12.2b | AU$4.3b | -AU$467,166,075.00 | 24.2x | -26.2x | 2.9x |
| Sun, 16 Jul 2023 | AU$10.3b | AU$3.9b | -AU$454,216,274.00 | 18.8x | -22.6x | 2.6x |
| Tue, 13 Jun 2023 | AU$9.2b | AU$3.9b | -AU$458,395,440.00 | 18.6x | -20.1x | 2.4x |
| Thu, 11 May 2023 | AU$8.2b | AU$3.9b | -AU$461,850,417.00 | 23.6x | -17.7x | 2.1x |
| Sat, 08 Apr 2023 | AU$7.7b | AU$3.9b | -AU$466,995,617.00 | 24.1x | -16.4x | 2x |
| Mon, 06 Mar 2023 | AU$24.6b | AU$10.2b | -AU$623,119,377.00 | 24.6x | -39.6x | 2.4x |
| Wed, 01 Feb 2023 | AU$24.2b | AU$9.4b | -AU$72,292,689.00 | 34.6x | -334.2x | 2.6x |
Price to Earnings Ratio
-334.2x
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 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 | -0.29% | |
| 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 24.7x.
- 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 | 2.5% +AU$205.1m | -16.2% | PS20x | |
| MAQ Macquarie Technology Group | AU$70.39 | 1.3% +AU$22.7m | -17.4% | PE52.1x | |
| ATA Atturra | AU$0.71 | 8.3% +AU$19.9m | -30.9% | PE29x | |
| APX Appen | AU$1.19 | 4.4% +AU$13.3m | -51.4% | PS1x | |
| PPL Pureprofile | AU$0.055 | 10.0% +AU$5.8m | 71.9% | PE41.8x |
