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Australian (ASX) IT Industry Analysis
UpdatedJan 29, 2026
DataAggregated Company Financials
Companies19
- 7D1.8%
- 3M-12.0%
- 1Y-2.3%
- YTD5.0%
Over the last 7 days, the IT industry has risen 3.1%, driven by gains from NEXTDC of 3.1%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 10% 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 |
|---|---|---|---|---|---|---|
| Thu, 29 Jan 2026 | AU$15.3b | AU$2.9b | -AU$98,211,532.60 | 45.8x | -156.1x | 5.3x |
| Sat, 27 Dec 2025 | AU$14.9b | AU$2.9b | -AU$99,855,590.00 | 42.2x | -149.2x | 5.2x |
| Mon, 24 Nov 2025 | AU$15.0b | AU$2.9b | -AU$101,097,236.30 | 40.4x | -148.3x | 5.2x |
| Wed, 22 Oct 2025 | AU$17.2b | AU$2.9b | -AU$100,882,046.30 | 39.9x | -170.7x | 5.9x |
| Fri, 19 Sep 2025 | AU$18.4b | AU$2.9b | -AU$82,531,858.60 | 40.4x | -222.4x | 6.3x |
| Sun, 17 Aug 2025 | AU$15.9b | AU$2.8b | -AU$87,837,067.50 | 34x | -180.6x | 5.6x |
| Tue, 15 Jul 2025 | AU$14.9b | AU$2.8b | -AU$89,580,941.50 | 36.1x | -166.8x | 5.4x |
| Thu, 12 Jun 2025 | AU$15.1b | AU$2.8b | -AU$89,855,064.80 | 39.6x | -168.4x | 5.4x |
| Sat, 10 May 2025 | AU$14.5b | AU$2.8b | -AU$90,385,303.30 | 43.7x | -160.3x | 5.2x |
| Mon, 07 Apr 2025 | AU$11.9b | AU$2.8b | -AU$92,252,143.00 | 34.9x | -128.7x | 4.2x |
| Wed, 05 Mar 2025 | AU$14.8b | AU$2.8b | -AU$91,199,669.60 | 38.9x | -162.3x | 5.3x |
| Fri, 31 Jan 2025 | AU$15.4b | AU$2.6b | -AU$190,975,520.10 | 77.6x | -80.7x | 5.9x |
| Sun, 29 Dec 2024 | AU$15.8b | AU$2.6b | -AU$191,234,578.90 | 74.1x | -82.5x | 6x |
| Tue, 26 Nov 2024 | AU$16.3b | AU$2.6b | -AU$184,610,075.30 | 71.2x | -88.3x | 6.2x |
| Thu, 24 Oct 2024 | AU$16.4b | AU$2.6b | -AU$181,501,369.70 | 64x | -90.3x | 6.3x |
| Sat, 21 Sep 2024 | AU$16.1b | AU$2.6b | -AU$169,104,407.30 | 63.3x | -95.5x | 6.2x |
| Mon, 19 Aug 2024 | AU$16.4b | AU$4.4b | -AU$214,976,071.60 | 37.7x | -76.3x | 3.7x |
| Wed, 17 Jul 2024 | AU$17.0b | AU$4.4b | -AU$213,051,383.90 | 40.2x | -79.7x | 3.9x |
| Fri, 14 Jun 2024 | AU$15.6b | AU$4.4b | -AU$215,566,466.60 | 36.3x | -72.6x | 3.6x |
| Sun, 12 May 2024 | AU$15.5b | AU$4.4b | -AU$216,664,601.30 | 36.3x | -71.5x | 3.5x |
| Tue, 09 Apr 2024 | AU$14.8b | AU$4.4b | -AU$217,101,493.60 | 41x | -68.3x | 3.4x |
| Thu, 07 Mar 2024 | AU$15.0b | AU$4.4b | -AU$218,884,486.50 | 38.2x | -68.7x | 3.4x |
| Sat, 03 Feb 2024 | AU$13.4b | AU$4.4b | -AU$454,835,988.00 | 36.5x | -29.4x | 3x |
| Mon, 01 Jan 2024 | AU$12.3b | AU$4.4b | -AU$442,086,187.00 | 34.1x | -27.7x | 2.8x |
| Wed, 29 Nov 2023 | AU$11.6b | AU$4.4b | -AU$454,289,958.00 | 32.6x | -25.4x | 2.6x |
| Fri, 27 Oct 2023 | AU$11.0b | AU$4.5b | -AU$472,273,480.00 | 29.9x | -23.3x | 2.4x |
| Sun, 24 Sep 2023 | AU$11.6b | AU$4.5b | -AU$462,781,622.00 | 29.7x | -25.1x | 2.6x |
| Tue, 22 Aug 2023 | AU$12.2b | AU$4.3b | -AU$468,952,233.00 | 23.2x | -26x | 2.9x |
| Thu, 20 Jul 2023 | AU$10.3b | AU$3.9b | -AU$458,215,134.00 | 18.2x | -22.5x | 2.6x |
| Sat, 17 Jun 2023 | AU$9.9b | AU$3.9b | -AU$451,730,674.00 | 17.9x | -21.9x | 2.5x |
| Mon, 15 May 2023 | AU$8.2b | AU$3.9b | -AU$468,168,615.00 | 23.6x | -17.6x | 2.1x |
| Wed, 12 Apr 2023 | AU$7.8b | AU$3.9b | -AU$467,368,843.00 | 24.1x | -16.6x | 2x |
| Fri, 10 Mar 2023 | AU$25.1b | AU$10.3b | -AU$623,743,031.00 | 25.8x | -40.2x | 2.4x |
| Sun, 05 Feb 2023 | AU$24.7b | AU$9.4b | -AU$26,711,737.00 | 26.7x | -923.6x | 2.6x |
Price to Earnings Ratio
-923.6x
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 5.4x.
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 | 1.54% | |
| Tech | 0.55% | |
| IT | 1.84% | |
| Internet Services and Infrastructure | 2.02% | |
| IT Consulting | 0.87% | |
| Data Processing Services | 0.76% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 24.9x.
- Analysts are expecting annual earnings growth of 21.4%, 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 21% 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$13.20 | 1.8% +AU$147.4m | -10.1% | PS19.8x | |
| APX Appen | AU$1.41 | 18.5% +AU$58.4m | -43.6% | PS1.2x | |
| DTL Data#3 | AU$9.77 | 0.8% +AU$12.4m | 41.4% | PE31.4x | |
| ITS Infotrust | AU$0.53 | 5.0% +AU$4.8m | 1.9% | PS1x | |
| ATA Atturra | AU$0.68 | 1.5% +AU$3.7m | -34.3% | PE27.6x |
