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Australian (ASX) IT Industry Analysis
UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies19
- 7D-7.5%
- 3M-14.4%
- 1Y-13.6%
- YTD-2.6%
Over the last 7 days, the IT industry has dropped 7.5%, driven by a pullback from NEXTDC of 4.6%. On the other hand Spenda is actually up 50%. Overall the industry is down 14% in 12 months. 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 |
|---|---|---|---|---|---|---|
| Sun, 08 Feb 2026 | AU$14.2b | AU$2.9b | -AU$98,299,760.50 | 39.9x | -144.7x | 5x |
| Tue, 06 Jan 2026 | AU$14.3b | AU$2.9b | -AU$99,689,887.90 | 42.8x | -143.7x | 5x |
| Thu, 04 Dec 2025 | AU$15.3b | AU$2.9b | -AU$100,427,995.40 | 41.7x | -152.5x | 5.3x |
| Sat, 01 Nov 2025 | AU$17.1b | AU$2.9b | -AU$100,662,552.50 | 42.7x | -170x | 5.9x |
| Mon, 29 Sep 2025 | AU$18.1b | AU$2.9b | -AU$90,217,618.40 | 40.1x | -200.8x | 6.2x |
| Wed, 27 Aug 2025 | AU$15.9b | AU$2.9b | -AU$94,870,284.50 | 33.3x | -167.3x | 5.5x |
| Fri, 25 Jul 2025 | AU$15.8b | AU$2.8b | -AU$87,372,858.70 | 33.9x | -181.2x | 5.6x |
| Sun, 22 Jun 2025 | AU$15.1b | AU$2.8b | -AU$89,953,108.90 | 39x | -167.7x | 5.4x |
| Tue, 20 May 2025 | AU$14.6b | AU$2.8b | -AU$90,165,204.30 | 41.9x | -162.3x | 5.2x |
| Thu, 17 Apr 2025 | AU$12.2b | AU$2.8b | -AU$90,519,363.60 | 35.5x | -135.3x | 4.4x |
| Sat, 15 Mar 2025 | AU$14.1b | AU$2.8b | -AU$90,849,512.10 | 39x | -154.9x | 5x |
| Mon, 10 Feb 2025 | AU$16.3b | AU$2.8b | -AU$200,467,780.70 | 80.2x | -81.1x | 5.9x |
| Wed, 08 Jan 2025 | AU$16.0b | AU$2.6b | -AU$189,772,747.10 | 74.1x | -84.2x | 6.1x |
| Fri, 06 Dec 2024 | AU$16.5b | AU$2.6b | -AU$186,071,907.10 | 75.7x | -88.8x | 6.3x |
| Sun, 03 Nov 2024 | AU$16.1b | AU$2.6b | -AU$183,518,327.50 | 69.3x | -87.8x | 6.2x |
| Tue, 01 Oct 2024 | AU$16.7b | AU$2.6b | -AU$167,004,180.60 | 63x | -99.9x | 6.5x |
| Thu, 29 Aug 2024 | AU$15.9b | AU$2.6b | -AU$205,645,866.70 | 49.5x | -77.4x | 6.1x |
| Sat, 27 Jul 2024 | AU$15.8b | AU$4.4b | -AU$217,880,815.00 | 38.6x | -72.5x | 3.6x |
| Mon, 24 Jun 2024 | AU$15.1b | AU$4.4b | -AU$215,684,545.60 | 33.3x | -70.2x | 3.5x |
| Wed, 22 May 2024 | AU$15.5b | AU$4.4b | -AU$215,035,111.10 | 34.6x | -71.9x | 3.5x |
| Fri, 19 Apr 2024 | AU$14.2b | AU$4.4b | -AU$221,789,229.90 | 38.9x | -64.2x | 3.2x |
| Sun, 17 Mar 2024 | AU$15.4b | AU$4.4b | -AU$217,916,238.70 | 37.8x | -70.7x | 3.5x |
| Tue, 13 Feb 2024 | AU$13.4b | AU$4.3b | -AU$460,496,284.50 | 41.5x | -29.1x | 3.1x |
| Thu, 11 Jan 2024 | AU$12.1b | AU$4.4b | -AU$448,693,150.00 | 33.9x | -27x | 2.7x |
| Sat, 09 Dec 2023 | AU$12.0b | AU$4.4b | -AU$454,863,289.00 | 33.4x | -26.4x | 2.7x |
| Mon, 06 Nov 2023 | AU$11.5b | AU$4.5b | -AU$458,486,222.00 | 30.2x | -25.1x | 2.6x |
| Wed, 04 Oct 2023 | AU$11.7b | AU$4.5b | -AU$468,417,486.00 | 28.3x | -24.9x | 2.6x |
| Fri, 01 Sep 2023 | AU$12.5b | AU$4.5b | -AU$498,672,804.00 | 22.3x | -25.1x | 2.8x |
| Sun, 30 Jul 2023 | AU$10.4b | AU$3.9b | -AU$464,799,923.00 | 18.5x | -22.4x | 2.6x |
| Tue, 27 Jun 2023 | AU$9.4b | AU$3.9b | -AU$463,493,628.00 | 18.3x | -20.2x | 2.4x |
| Thu, 25 May 2023 | AU$8.2b | AU$3.9b | -AU$469,992,133.00 | 17.5x | -17.4x | 2.1x |
| Sat, 22 Apr 2023 | AU$8.1b | AU$3.9b | -AU$465,422,732.00 | 25.2x | -17.3x | 2.1x |
| Mon, 20 Mar 2023 | AU$7.4b | AU$3.9b | -AU$465,182,800.00 | 23.7x | -15.9x | 1.9x |
| Wed, 15 Feb 2023 | AU$24.8b | AU$9.3b | -AU$18,964,954.00 | 25x | -1308.4x | 2.7x |
Price to Earnings Ratio
-1308.4x
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 5.0x.
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 | -2.49% | |
| Tech | -11.60% | |
| IT | -7.53% | |
| Data Processing Services | -5.01% | |
| Internet Services and Infrastructure | -6.73% | |
| IT Consulting | -11.58% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 25.5x.
- Analysts expect its future annual earnings growth (25.8%) 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 26% 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 | |
|---|---|---|---|---|---|
| SPX Spenda | AU$0.003 | 50.0% +AU$5.4m | -62.5% | PS1.5x | |
| SOC SOCO | AU$0.062 | 5.1% +AU$418.1k | -25.3% | PE126.5x | |
| CYB AUCyber | AU$0.075 | 2.7% +AU$417.5k | -44.4% | PS0.7x | |
| CGO CPT Global | AU$0.083 | 2.5% +AU$83.8k | 43.1% | PS0.2x |
