There's Reason For Concern Over Appen Limited's (ASX:APX) Massive 30% Price Jump
Jan 08
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Australian (ASX) IT Industry Analysis
UpdatedJan 09, 2026
DataAggregated Company Financials
Companies19
- 7D3.0%
- 3M-14.5%
- 1Y-7.1%
- YTD2.3%
In the last week, the IT industry is up 3.0%, with Data#3 up 6.0%. During this same period, the Atturra underperformed, falling 5.0%. In contrast, the industry has lost 7.1% in the last 12 months. Earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Fri, 09 Jan 2026 | AU$14.9b | AU$2.9b | -AU$99,629,634.70 | 43.4x | -149.9x | 5.2x |
| Sun, 07 Dec 2025 | AU$15.5b | AU$2.9b | -AU$100,191,286.40 | 40.5x | -154.6x | 5.4x |
| Tue, 04 Nov 2025 | AU$17.4b | AU$2.9b | -AU$100,632,425.90 | 42.3x | -172.4x | 6x |
| Thu, 02 Oct 2025 | AU$17.7b | AU$2.9b | -AU$89,914,200.50 | 40.7x | -196.8x | 6.1x |
| Sat, 30 Aug 2025 | AU$17.5b | AU$2.9b | -AU$96,075,534.20 | 34.7x | -181.7x | 6x |
| Mon, 28 Jul 2025 | AU$15.9b | AU$2.8b | -AU$87,574,949.60 | 35.3x | -181.1x | 5.6x |
| Wed, 25 Jun 2025 | AU$15.4b | AU$2.8b | -AU$89,859,066.60 | 39x | -171.4x | 5.5x |
| Fri, 23 May 2025 | AU$14.2b | AU$2.8b | -AU$90,301,265.50 | 40.8x | -157.3x | 5.1x |
| Sun, 20 Apr 2025 | AU$12.4b | AU$2.8b | -AU$90,505,357.30 | 37.9x | -137.5x | 4.4x |
| Tue, 18 Mar 2025 | AU$13.9b | AU$2.8b | -AU$90,621,409.50 | 39x | -152.9x | 4.9x |
| Thu, 13 Feb 2025 | AU$16.0b | AU$2.8b | -AU$200,282,738.70 | 78.6x | -79.8x | 5.8x |
| Sat, 11 Jan 2025 | AU$15.7b | AU$2.6b | -AU$191,891,478.00 | 74x | -81.9x | 6x |
| Mon, 09 Dec 2024 | AU$16.5b | AU$2.6b | -AU$187,172,907.00 | 73.9x | -88.2x | 6.3x |
| Wed, 06 Nov 2024 | AU$16.2b | AU$2.6b | -AU$182,056,495.70 | 69.6x | -89.1x | 6.2x |
| Fri, 04 Oct 2024 | AU$16.7b | AU$2.6b | -AU$168,731,488.60 | 62.7x | -99.3x | 6.5x |
| Sun, 01 Sep 2024 | AU$15.7b | AU$2.5b | -AU$170,053,225.40 | 53.3x | -92.3x | 6.2x |
| Tue, 30 Jul 2024 | AU$16.1b | AU$4.4b | -AU$218,152,396.70 | 38.7x | -73.7x | 3.7x |
| Thu, 27 Jun 2024 | AU$15.2b | AU$4.4b | -AU$215,259,461.20 | 36.3x | -70.5x | 3.5x |
| Sat, 25 May 2024 | AU$15.3b | AU$4.4b | -AU$216,404,827.50 | 32.7x | -70.5x | 3.5x |
| Mon, 22 Apr 2024 | AU$14.2b | AU$4.4b | -AU$221,919,116.80 | 36.5x | -63.8x | 3.2x |
| Wed, 20 Mar 2024 | AU$15.2b | AU$4.4b | -AU$219,061,605.00 | 39.6x | -69.6x | 3.5x |
| Fri, 16 Feb 2024 | AU$13.2b | AU$4.4b | -AU$457,584,264.00 | 31.8x | -28.8x | 3x |
| Sun, 14 Jan 2024 | AU$12.3b | AU$4.4b | -AU$450,058,225.00 | 34x | -27.3x | 2.8x |
| Tue, 12 Dec 2023 | AU$11.8b | AU$4.4b | -AU$457,429,630.00 | 33.3x | -25.9x | 2.7x |
| Thu, 09 Nov 2023 | AU$11.7b | AU$4.5b | -AU$463,455,095.00 | 30.5x | -25.2x | 2.6x |
| Sat, 07 Oct 2023 | AU$11.5b | AU$4.5b | -AU$468,314,762.00 | 29.1x | -24.5x | 2.5x |
| Mon, 04 Sep 2023 | AU$12.5b | AU$4.5b | -AU$462,344,798.00 | 23.4x | -27x | 2.8x |
| Wed, 02 Aug 2023 | AU$10.5b | AU$3.9b | -AU$466,026,239.00 | 19.5x | -22.6x | 2.7x |
| Fri, 30 Jun 2023 | AU$9.6b | AU$3.9b | -AU$465,972,922.00 | 17.8x | -20.5x | 2.4x |
| Sun, 28 May 2023 | AU$9.3b | AU$3.9b | -AU$472,658,039.00 | 17.6x | -19.7x | 2.4x |
| Tue, 25 Apr 2023 | AU$8.1b | AU$3.9b | -AU$466,142,526.00 | 24.9x | -17.3x | 2.1x |
| Thu, 23 Mar 2023 | AU$7.3b | AU$3.9b | -AU$465,795,959.00 | 22x | -15.7x | 1.9x |
| Sat, 18 Feb 2023 | AU$24.5b | AU$10.1b | AU$114.0m | 24.9x | 215.2x | 2.4x |
| Mon, 16 Jan 2023 | AU$24.2b | AU$9.4b | -AU$71,630,572.00 | 32.5x | -337.3x | 2.6x |
Price to Earnings Ratio
-337.3x
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 4.1x is lower than the industry's current PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the IT industry have deteriorated over the last three years.
- Revenues have also declined 32% 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 | 0.25% | |
| Tech | 0.11% | |
| IT | 3.04% | |
| IT Consulting | 4.42% | |
| Internet Services and Infrastructure | 2.79% | |
| Data Processing Services | -0.12% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 23.7x.
- Analysts are expecting annual earnings growth of 20.8%, 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 | |
|---|---|---|---|---|---|
| DTL Data#3 | AU$9.58 | 6.0% +AU$83.7m | 50.4% | PE30.8x | |
| WRK Wrkr | AU$0.15 | 15.4% +AU$38.0m | 172.7% | PS35.7x | |
| APX Appen | AU$0.96 | 11.6% +AU$26.6m | -65.5% | PS0.8x | |
| MAQ Macquarie Technology Group | AU$69.05 | 0.9% +AU$16.5m | -22.0% | PE51.1x | |
| MP1 Megaport | AU$12.34 | 0.2% +AU$3.6m | 80.9% | PS9.6x |
