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Australian (ASX) IT Industry Analysis
UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies19
- 7D0.2%
- 3M-11.4%
- 1Y-4.0%
- YTD5.3%
Over the last 7 days, the IT industry has remained flat, although notably Appen gained 55%. Unfortunately though, the industry is down 4.0% over the past 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 |
|---|---|---|---|---|---|---|
| Mon, 02 Feb 2026 | AU$15.4b | AU$2.9b | -AU$98,394,444.10 | 45.7x | -156.3x | 5.4x |
| Wed, 31 Dec 2025 | AU$14.4b | AU$2.9b | -AU$99,618,875.20 | 41.7x | -144.9x | 5x |
| Fri, 28 Nov 2025 | AU$15.7b | AU$2.9b | -AU$100,737,869.00 | 43.6x | -155.9x | 5.4x |
| Sun, 26 Oct 2025 | AU$17.2b | AU$2.9b | -AU$100,819,641.20 | 40.4x | -170.6x | 5.9x |
| Tue, 23 Sep 2025 | AU$18.1b | AU$2.9b | -AU$82,824,517.00 | 40.2x | -218.6x | 6.3x |
| Thu, 21 Aug 2025 | AU$15.7b | AU$2.8b | -AU$88,199,230.40 | 33.7x | -178.3x | 5.5x |
| Sat, 19 Jul 2025 | AU$15.8b | AU$2.8b | -AU$87,769,036.90 | 33.9x | -179.9x | 5.6x |
| Mon, 16 Jun 2025 | AU$15.0b | AU$2.8b | -AU$89,931,099.00 | 39.6x | -167.1x | 5.4x |
| Wed, 14 May 2025 | AU$14.9b | AU$2.8b | -AU$90,315,271.80 | 46x | -164.5x | 5.3x |
| Fri, 11 Apr 2025 | AU$12.4b | AU$2.8b | -AU$91,493,801.90 | 34.9x | -135.5x | 4.4x |
| Sun, 09 Mar 2025 | AU$14.4b | AU$2.8b | -AU$90,825,501.30 | 38.9x | -158.5x | 5.1x |
| Tue, 04 Feb 2025 | AU$15.9b | AU$2.8b | -AU$202,530,999.00 | 78.8x | -78.5x | 5.8x |
| Thu, 02 Jan 2025 | AU$15.6b | AU$2.6b | -AU$191,882,225.90 | 74.7x | -81.2x | 5.9x |
| Sat, 30 Nov 2024 | AU$16.6b | AU$2.6b | -AU$184,545,310.60 | 73.2x | -89.8x | 6.3x |
| Mon, 28 Oct 2024 | AU$15.8b | AU$2.6b | -AU$182,491,344.40 | 63.9x | -86.4x | 6.1x |
| Wed, 25 Sep 2024 | AU$16.4b | AU$2.6b | -AU$168,382,743.50 | 62.3x | -97.3x | 6.3x |
| Fri, 23 Aug 2024 | AU$16.5b | AU$2.6b | -AU$212,074,837.60 | 53.6x | -77.7x | 6.4x |
| Sun, 21 Jul 2024 | AU$16.4b | AU$4.4b | -AU$214,633,642.50 | 40.3x | -76.3x | 3.7x |
| Tue, 18 Jun 2024 | AU$15.4b | AU$4.4b | -AU$216,640,985.50 | 33.2x | -70.9x | 3.5x |
| Thu, 16 May 2024 | AU$15.3b | AU$4.4b | -AU$215,802,624.60 | 35.1x | -70.9x | 3.5x |
| Sat, 13 Apr 2024 | AU$14.8b | AU$4.4b | -AU$219,829,118.50 | 46.9x | -67.5x | 3.4x |
| Mon, 11 Mar 2024 | AU$15.4b | AU$4.4b | -AU$216,263,132.70 | 38.2x | -71.2x | 3.5x |
| Wed, 07 Feb 2024 | AU$13.2b | AU$4.3b | -AU$462,188,977.50 | 40.3x | -28.7x | 3.1x |
| Fri, 05 Jan 2024 | AU$12.0b | AU$4.4b | -AU$447,218,869.00 | 33.9x | -26.8x | 2.7x |
| Sun, 03 Dec 2023 | AU$11.8b | AU$4.4b | -AU$450,658,858.00 | 32.9x | -26.2x | 2.7x |
| Tue, 31 Oct 2023 | AU$10.9b | AU$4.5b | -AU$467,359,210.00 | 29.8x | -23.4x | 2.4x |
| Thu, 28 Sep 2023 | AU$11.6b | AU$4.5b | -AU$467,586,686.00 | 29.6x | -24.9x | 2.6x |
| Sat, 26 Aug 2023 | AU$12.5b | AU$4.5b | -AU$429,450,932.00 | 23.2x | -29.2x | 2.8x |
| Mon, 24 Jul 2023 | AU$10.2b | AU$3.9b | -AU$460,241,223.00 | 18.8x | -22.2x | 2.6x |
| Wed, 21 Jun 2023 | AU$10.0b | AU$3.9b | -AU$456,535,613.00 | 17.9x | -21.9x | 2.6x |
| Fri, 19 May 2023 | AU$8.2b | AU$3.9b | -AU$464,926,911.00 | 16.8x | -17.6x | 2.1x |
| Sun, 16 Apr 2023 | AU$8.3b | AU$3.9b | -AU$464,569,642.00 | 24.4x | -17.9x | 2.1x |
| Tue, 14 Mar 2023 | AU$23.9b | AU$10.3b | -AU$623,656,818.00 | 26.1x | -38.4x | 2.3x |
| Thu, 09 Feb 2023 | AU$25.0b | AU$9.3b | -AU$28,069,355.00 | 25.3x | -891.6x | 2.7x |
Price to Earnings Ratio
-891.6x
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 | -0.40% | |
| Tech | -6.46% | |
| IT | 0.20% | |
| IT Consulting | 8.64% | |
| Internet Services and Infrastructure | -1.33% | |
| Data Processing Services | -4.77% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 25.1x.
- Analysts expect its future annual earnings growth (26.6%) 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 27% 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 7.4% 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 | |
|---|---|---|---|---|---|
| APX Appen | AU$1.85 | 55.5% +AU$175.3m | -32.7% | PS1.5x | |
| DTL Data#3 | AU$9.78 | 2.9% +AU$43.4m | 40.5% | PE31.5x | |
| ITS Infotrust | AU$0.52 | 1.0% +AU$950.9k | -4.6% | PS1x | |
| SOC SOCO | AU$0.059 | 11.3% +AU$836.1k | -52.8% | PE120.4x | |
| CGO CPT Global | AU$0.081 | 1.3% +AU$41.9k | 39.7% | PS0.1x |
