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Australian (ASX) IT Industry Analysis
UpdatedSep 14, 2025
DataAggregated Company Financials
Companies20
- 7D4.5%
- 3M18.6%
- 1Y6.2%
- YTD12.7%
The IT industry is up 4.5% in the last week, with NEXTDC up 4.8%. This takes the industry's 12 month performance to a gain of 6.2%. Looking forward, earnings are forecast to grow by 9.7% 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, 14 Sep 2025 | AU$17.9b | AU$2.9b | -AU$82,553,377.60 | 38.9x | -216.2x | 6.2x |
| Tue, 12 Aug 2025 | AU$16.0b | AU$2.8b | -AU$87,775,039.60 | 32.2x | -182.7x | 5.7x |
| Thu, 10 Jul 2025 | AU$15.0b | AU$2.8b | -AU$89,795,037.80 | 36.1x | -166.6x | 5.4x |
| Sat, 07 Jun 2025 | AU$14.6b | AU$2.8b | -AU$89,931,099.00 | 39.6x | -162.2x | 5.2x |
| Mon, 05 May 2025 | AU$13.7b | AU$2.8b | -AU$90,147,196.20 | 43.7x | -152.1x | 4.9x |
| Wed, 02 Apr 2025 | AU$12.8b | AU$2.8b | -AU$91,133,639.90 | 34.9x | -140.2x | 4.6x |
| Fri, 28 Feb 2025 | AU$15.0b | AU$2.8b | -AU$110,529,911.50 | 41.1x | -135.3x | 5.3x |
| Sun, 26 Jan 2025 | AU$16.2b | AU$2.6b | -AU$188,930,806.00 | 78.9x | -86x | 6.2x |
| Tue, 24 Dec 2024 | AU$15.6b | AU$2.6b | -AU$190,549,923.50 | 72.2x | -81.8x | 5.9x |
| Thu, 21 Nov 2024 | AU$16.7b | AU$2.6b | -AU$184,674,840.00 | 70.7x | -90.7x | 6.4x |
| Sat, 19 Oct 2024 | AU$16.7b | AU$2.6b | -AU$180,215,327.80 | 66.9x | -92.9x | 6.4x |
| Mon, 16 Sep 2024 | AU$16.3b | AU$2.6b | -AU$171,269,398.70 | 62.6x | -95.3x | 6.3x |
| Wed, 14 Aug 2024 | AU$15.9b | AU$4.4b | -AU$216,983,414.60 | 41.4x | -73.4x | 3.6x |
| Fri, 12 Jul 2024 | AU$15.7b | AU$4.4b | -AU$212,744,378.50 | 36.8x | -73.7x | 3.6x |
| Sun, 09 Jun 2024 | AU$15.3b | AU$4.4b | -AU$217,361,267.40 | 35.2x | -70.4x | 3.5x |
| Tue, 07 May 2024 | AU$15.0b | AU$4.4b | -AU$216,133,245.80 | 35.3x | -69.2x | 3.4x |
| Thu, 04 Apr 2024 | AU$14.7b | AU$4.4b | -AU$219,262,339.30 | 41.1x | -67x | 3.3x |
| Sat, 02 Mar 2024 | AU$14.9b | AU$4.4b | -AU$219,380,418.30 | 42.2x | -67.8x | 3.4x |
| Mon, 29 Jan 2024 | AU$12.4b | AU$4.4b | -AU$456,392,173.00 | 35.7x | -27.3x | 2.8x |
| Wed, 27 Dec 2023 | AU$11.9b | AU$4.4b | -AU$443,369,358.00 | 33.8x | -26.9x | 2.7x |
| Fri, 24 Nov 2023 | AU$11.8b | AU$4.4b | -AU$457,293,123.00 | 32.4x | -25.9x | 2.7x |
| Sun, 22 Oct 2023 | AU$11.4b | AU$4.5b | -AU$471,618,244.00 | 29x | -24.2x | 2.5x |
| Tue, 19 Sep 2023 | AU$11.8b | AU$4.5b | -AU$462,918,129.00 | 28.8x | -25.4x | 2.6x |
| Thu, 17 Aug 2023 | AU$12.2b | AU$4.3b | -AU$466,659,553.00 | 24.4x | -26.1x | 2.9x |
| Sat, 15 Jul 2023 | AU$10.3b | AU$3.9b | -AU$451,976,913.00 | 18.8x | -22.7x | 2.6x |
| Mon, 12 Jun 2023 | AU$9.2b | AU$3.9b | -AU$459,275,189.00 | 18.6x | -20.1x | 2.4x |
| Wed, 10 May 2023 | AU$8.3b | AU$3.9b | -AU$461,210,599.00 | 24.1x | -17.9x | 2.1x |
| Fri, 07 Apr 2023 | AU$7.7b | AU$3.9b | -AU$465,396,073.00 | 24.1x | -16.5x | 2x |
| Sun, 05 Mar 2023 | AU$24.6b | AU$10.2b | -AU$624,599,697.00 | 24.6x | -39.5x | 2.4x |
| Tue, 31 Jan 2023 | AU$24.6b | AU$9.3b | -AU$74,350,916.00 | 34.3x | -331.1x | 2.6x |
| Thu, 29 Dec 2022 | AU$25.8b | AU$9.5b | -AU$66,792,262.00 | 32.2x | -386x | 2.7x |
| Sat, 26 Nov 2022 | AU$27.3b | AU$9.5b | -AU$75,299,318.00 | 34.7x | -363x | 2.9x |
| Mon, 24 Oct 2022 | AU$24.4b | AU$9.6b | AU$42.1m | 36.7x | 578.9x | 2.5x |
| Wed, 21 Sep 2022 | AU$25.5b | AU$9.3b | AU$26.1m | 38.5x | 977.4x | 2.7x |
Price to Earnings Ratio
977.4x
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 3.8x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
- Total earnings for the IT industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 32% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Tech industry?
| AU Market | -0.074% | |
| Tech | 2.33% | |
| IT | 4.54% | |
| Internet Services and Infrastructure | 4.82% | |
| IT Consulting | 2.73% | |
| Data Processing Services | -2.64% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 16.3x.
- Analysts are expecting annual earnings growth of 18.6%, 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 7.0% 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$17.32 | 4.8% +AU$512.3m | 0.5% | PS26x | |
| MP1 Megaport | AU$14.89 | 5.7% +AU$129.3m | 96.4% | PS10.6x | |
| DTL Data#3 | AU$9.68 | 4.2% +AU$60.5m | 24.9% | PE31.1x | |
| MAQ Macquarie Technology Group | AU$61.70 | 3.7% +AU$56.4m | -21.3% | PE45.6x | |
| WRK Wrkr | AU$0.12 | 4.5% +AU$9.5m | 167.4% | PS27.3x |