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Australian (ASX) IT Industry Analysis

UpdatedMar 29, 2026
DataAggregated Company Financials
Companies19
  • 7D-7.5%
  • 3M-16.7%
  • 1Y-6.0%
  • YTD-15.2%

Over the last 7 days, the IT industry has dropped 7.5%, driven by NEXTDC declining 11%. On the other hand Adisyn is actually up 31%. However, the industry is down 6.0% over the past year. Looking forward, earnings are forecast to grow by 8.2% annually.

Industry Valuation and Performance

Has the Australian IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026AU$12.4bAU$3.1b-AU$125,916,221.6041.2x-98.4x4.1x
Tue, 24 Feb 2026AU$14.0bAU$2.9b-AU$98,625,334.9040x-142.2x4.9x
Thu, 22 Jan 2026AU$15.1bAU$2.9b-AU$99,371,406.7045x-151.5x5.2x
Sat, 20 Dec 2025AU$14.2bAU$2.9b-AU$100,350,527.0041.5x-141.3x4.9x
Mon, 17 Nov 2025AU$15.3bAU$2.9b-AU$100,692,679.1042.4x-151.6x5.3x
Wed, 15 Oct 2025AU$16.9bAU$2.9b-AU$101,174,704.7040.4x-166.7x5.8x
Fri, 12 Sep 2025AU$17.8bAU$2.9b-AU$82,775,023.3039.1x-215.3x6.2x
Sun, 10 Aug 2025AU$16.0bAU$2.8b-AU$87,771,037.8031.9x-181.9x5.6x
Tue, 08 Jul 2025AU$15.1bAU$2.8b-AU$89,915,091.8036.1x-167.7x5.4x
Thu, 05 Jun 2025AU$14.6bAU$2.8b-AU$90,013,135.9039.6x-161.7x5.2x
Sat, 03 May 2025AU$13.7bAU$2.8b-AU$90,239,237.6043.7x-151.9x4.9x
Mon, 31 Mar 2025AU$13.0bAU$2.8b-AU$90,943,554.4034.9x-142.9x4.6x
Wed, 26 Feb 2025AU$15.5bAU$2.8b-AU$230,786,738.2073.2x-67.1x5.6x
Fri, 24 Jan 2025AU$16.3bAU$2.6b-AU$190,050,310.1080.5x-85.9x6.2x
Sun, 22 Dec 2024AU$15.3bAU$2.6b-AU$190,309,368.9071.6x-80.5x5.8x
Tue, 19 Nov 2024AU$16.8bAU$2.6b-AU$185,683,318.9070.9x-90.7x6.4x
Thu, 17 Oct 2024AU$17.0bAU$2.6b-AU$180,862,974.8067.7x-93.8x6.5x
Sat, 14 Sep 2024AU$16.3bAU$2.6b-AU$171,324,911.3062.6x-95.2x6.3x
Mon, 12 Aug 2024AU$15.3bAU$4.4b-AU$217,479,346.4041x-70.4x3.5x
Wed, 10 Jul 2024AU$15.4bAU$4.4b-AU$213,098,615.5036.9x-72.4x3.5x
Fri, 07 Jun 2024AU$15.4bAU$4.4b-AU$215,531,042.9034x-71.3x3.5x
Sun, 05 May 2024AU$14.6bAU$4.4b-AU$216,511,098.6035.3x-67.2x3.3x
Tue, 02 Apr 2024AU$15.5bAU$4.4b-AU$219,014,373.4039.2x-70.6x3.5x
Thu, 29 Feb 2024AU$14.8bAU$4.4b-AU$227,264,929.9039.6x-64.9x3.4x
Sat, 27 Jan 2024AU$12.4bAU$4.4b-AU$456,228,364.0035.7x-27.3x2.8x
Mon, 25 Dec 2023AU$11.9bAU$4.4b-AU$443,014,438.0033.8x-27x2.7x
Wed, 22 Nov 2023AU$11.9bAU$4.4b-AU$458,112,168.0032.8x-26x2.7x
Fri, 20 Oct 2023AU$11.5bAU$4.5b-AU$471,399,832.0029.1x-24.4x2.5x
Sun, 17 Sep 2023AU$11.9bAU$4.5b-AU$463,464,159.0028.5x-25.6x2.6x
Tue, 15 Aug 2023AU$12.3bAU$4.3b-AU$462,873,965.0024.6x-26.5x2.9x
Thu, 13 Jul 2023AU$9.9bAU$3.9b-AU$462,560,561.0018.8x-21.4x2.5x
Sat, 10 Jun 2023AU$9.2bAU$3.9b-AU$460,821,415.0018.6x-20x2.4x
Mon, 08 May 2023AU$8.2bAU$3.9b-AU$462,090,349.0024.1x-17.8x2.1x
Wed, 05 Apr 2023AU$7.6bAU$3.9b-AU$461,663,804.0024.2x-16.5x2x
Price to Earnings Ratio

-16.5x


Total Market Cap: AU$7.6bTotal Earnings: -AU$461,663,804.00Total Revenue: AU$3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian IT Industry Price to Earnings3Y Average -91.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the IT industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 7.7% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Trends

Which industries have driven the changes within the Australian Tech industry?

AU Market0.78%
Tech-4.27%
IT-7.49%
Data Processing Services0.94%
IT Consulting-2.34%
Internet Services and Infrastructure-8.34%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 30.2x.
    • Analysts are expecting annual earnings growth of 32.3%, which is higher than its past year's earnings growth of 12.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 4.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AI1 AdisynAU$0.06331.3%
+AU$12.5m		14.5%PS14.7x
KYP KinaticoAU$0.1511.1%
+AU$6.5m		-9.1%PE41.2x
ITS InfotrustAU$0.473.3%
+AU$2.9m		1.1%PS0.9x
FCT FirstWave Cloud TechnologyAU$0.00433.3%
+AU$2.1m		-76.5%PS1.1x
CYB AUCyberAU$0.0585.5%
+AU$626.2k		-37.6%PS0.6x

Latest News

DTL
AU$6.69
Data#3
7D
-3.3%
1Y
-6.7%

DTL: Fully Franked Interim Dividend Will Support Positive Forward Outlook

Analysts have nudged their price target on Data#3 slightly lower to A$8.34 from A$8.35, reflecting small adjustments to assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Declared an ordinary fully franked interim dividend of A$0.135 per share for the six months to December 31, 2025, providing investors with clarity on upcoming income.
AI1
AU$0.063
Adisyn
7D
31.3%
1Y
14.5%
APX
AU$1.45
Appen
7D
-2.4%
1Y
34.4%

APX: Fiscal 2026 Guidance And Margin Outlook Will Support Long Term Upside

Analysts have lifted their price target for Appen to A$2.35, reflecting updated assumptions around slightly higher revenue growth, a modestly better profit margin and a lower future P/E multiple, offset by a marginally reduced discount rate. What's in the News Appen released group earnings guidance for fiscal 2026, giving investors a clearer view of management expectations for the medium term (company guidance).
KYP
AU$0.15
Kinatico
7D
11.1%
1Y
-9.1%

KYP: Future Returns Should Rise As Refined Assumptions Support Undervalued Outlook

Analysts have maintained Kinatico's fair value at A$0.43, with only slight adjustments to the discount rate, revenue growth, profit margin assumptions and future P/E. This reflects fine tuning of their models rather than a material change in conviction.
MP1
AU$7.38
Megaport
7D
-0.8%
1Y
-26.5%

MP1: New Guidance And WinDC Partnership Will Support Future Earnings Multiple

Analysts have adjusted their Megaport price target to A$10.00, supported by updated assumptions around revenue growth, profit margins and a lower future P/E multiple. What's in the News Megaport issued updated consolidated group earnings guidance for fiscal 2026, indicating expected revenue of $302 million to $317 million for the year (Corporate Guidance).
ITS
AU$0.47
Infotrust
7D
3.3%
1Y
1.1%
NXT
AU$11.44
NEXTDC
7D
-11.0%
1Y
-2.1%
SPX
AU$0.002
Spenda
7D
0%
1Y
-71.4%
PPL
AU$0.037
Pureprofile
7D
-5.1%
1Y
0%
ATA
AU$0.55
Atturra
7D
-2.7%
1Y
-33.1%
FCT
AU$0.004
FirstWave Cloud Technology
7D
33.3%
1Y
-76.5%
5GN
AU$0.057
5G Networks
7D
-10.9%
1Y
-59.3%
MAQ
AU$61.54
Macquarie Technology Group
7D
-3.1%
1Y
-4.6%
CYB
AU$0.058
AUCyber
7D
5.5%
1Y
-37.6%
AD1
AU$0.029
AdNeo
7D
3.6%
1Y
-40.8%