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Australian (ASX) IT Industry Analysis
UpdatedJan 18, 2026
DataAggregated Company Financials
Companies19
- 7D2.7%
- 3M-11.7%
- 1Y-6.3%
- YTD3.7%
Over the last 7 days, the IT industry has risen 2.7%, driven by gains from NEXTDC of 3.7%. In the same time, Kinatico was down 19%. However, the industry is down 6.3% over the past year. 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 |
|---|---|---|---|---|---|---|
| Sun, 18 Jan 2026 | AU$15.1b | AU$2.9b | -AU$99,683,432.20 | 44.7x | -151.9x | 5.3x |
| Tue, 16 Dec 2025 | AU$15.0b | AU$2.9b | -AU$100,120,273.70 | 41.6x | -150.1x | 5.2x |
| Thu, 13 Nov 2025 | AU$16.5b | AU$2.9b | -AU$100,699,134.80 | 43.9x | -163.5x | 5.7x |
| Sat, 11 Oct 2025 | AU$17.2b | AU$2.9b | -AU$100,621,666.40 | 41.8x | -171.3x | 5.9x |
| Mon, 08 Sep 2025 | AU$17.1b | AU$2.9b | -AU$83,046,162.70 | 38x | -205.6x | 5.9x |
| Wed, 06 Aug 2025 | AU$16.0b | AU$2.8b | -AU$88,077,175.50 | 32.6x | -181.7x | 5.6x |
| Fri, 04 Jul 2025 | AU$15.3b | AU$2.8b | -AU$89,554,929.80 | 36.1x | -170.5x | 5.5x |
| Sun, 01 Jun 2025 | AU$14.5b | AU$2.8b | -AU$90,163,203.40 | 39.6x | -160.4x | 5.2x |
| Tue, 29 Apr 2025 | AU$12.8b | AU$2.8b | -AU$90,403,311.40 | 42.7x | -141.4x | 4.6x |
| Thu, 27 Mar 2025 | AU$14.1b | AU$2.8b | -AU$90,875,523.80 | 35.5x | -154.8x | 5x |
| Sat, 22 Feb 2025 | AU$16.1b | AU$2.8b | -AU$208,645,015.60 | 76.9x | -77.1x | 5.8x |
| Mon, 20 Jan 2025 | AU$15.8b | AU$2.6b | -AU$191,697,183.90 | 73.3x | -82.4x | 6x |
| Wed, 18 Dec 2024 | AU$15.8b | AU$2.6b | -AU$188,227,646.40 | 72.4x | -83.9x | 6x |
| Fri, 15 Nov 2024 | AU$17.2b | AU$2.6b | -AU$185,516,781.10 | 71.1x | -92.9x | 6.6x |
| Sun, 13 Oct 2024 | AU$17.1b | AU$2.6b | -AU$179,364,134.60 | 66.5x | -95.2x | 6.6x |
| Tue, 10 Sep 2024 | AU$15.9b | AU$2.6b | -AU$172,351,894.40 | 62x | -92.2x | 6.1x |
| Thu, 08 Aug 2024 | AU$15.3b | AU$4.4b | -AU$217,656,464.90 | 41.1x | -70.3x | 3.5x |
| Sat, 06 Jul 2024 | AU$15.3b | AU$4.4b | -AU$213,228,502.40 | 37.1x | -71.7x | 3.5x |
| Mon, 03 Jun 2024 | AU$15.3b | AU$4.4b | -AU$215,412,963.90 | 33.7x | -70.8x | 3.5x |
| Wed, 01 May 2024 | AU$14.6b | AU$4.4b | -AU$218,707,368.00 | 34.9x | -66.8x | 3.3x |
| Fri, 29 Mar 2024 | AU$15.4b | AU$4.4b | -AU$219,852,734.30 | 39.2x | -70.2x | 3.5x |
| Sun, 25 Feb 2024 | AU$13.6b | AU$4.4b | -AU$439,956,375.00 | 42.5x | -31x | 3.1x |
| Tue, 23 Jan 2024 | AU$12.5b | AU$4.4b | -AU$455,791,540.00 | 36x | -27.4x | 2.8x |
| Thu, 21 Dec 2023 | AU$12.2b | AU$4.4b | -AU$444,761,734.00 | 34x | -27.4x | 2.7x |
| Sat, 18 Nov 2023 | AU$11.9b | AU$4.5b | -AU$459,086,855.00 | 31.5x | -25.8x | 2.6x |
| Mon, 16 Oct 2023 | AU$11.8b | AU$4.5b | -AU$472,573,796.00 | 30.2x | -25x | 2.6x |
| Wed, 13 Sep 2023 | AU$12.1b | AU$4.5b | -AU$464,255,903.00 | 29.6x | -26x | 2.7x |
| Fri, 11 Aug 2023 | AU$12.2b | AU$4.3b | -AU$458,821,788.00 | 24.9x | -26.5x | 2.9x |
| Sun, 09 Jul 2023 | AU$9.4b | AU$3.9b | -AU$462,880,470.00 | 19.1x | -20.4x | 2.4x |
| Tue, 06 Jun 2023 | AU$9.5b | AU$3.9b | -AU$468,339,271.00 | 18.4x | -20.3x | 2.4x |
| Thu, 04 May 2023 | AU$8.2b | AU$3.9b | -AU$467,128,912.00 | 25.7x | -17.6x | 2.1x |
| Sat, 01 Apr 2023 | AU$7.5b | AU$3.9b | -AU$465,529,368.00 | 23.5x | -16.1x | 1.9x |
| Mon, 27 Feb 2023 | AU$24.7b | AU$10.2b | -AU$331,683,726.00 | 26.5x | -74.5x | 2.4x |
| Wed, 25 Jan 2023 | AU$24.4b | AU$9.3b | -AU$73,225,932.00 | 33.2x | -332.8x | 2.6x |
Price to Earnings Ratio
-332.8x
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 5.3x.
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 | 1.95% | |
| Tech | -1.35% | |
| IT | 2.71% | |
| Data Processing Services | 4.80% | |
| Internet Services and Infrastructure | 2.77% | |
| IT Consulting | 2.44% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 24.3x.
- Analysts are expecting annual earnings growth of 21.6%, 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 22% 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 7.5% 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$13.00 | 3.7% +AU$294.8m | -16.0% | PS19.5x | |
| APX Appen | AU$1.14 | 18.8% +AU$47.8m | -57.0% | PS0.9x | |
| DTL Data#3 | AU$9.77 | 2.0% +AU$29.5m | 48.9% | PE31.4x | |
| WRK Wrkr | AU$0.17 | 10.0% +AU$28.5m | 251.1% | PS39.3x | |
| MAQ Macquarie Technology Group | AU$69.51 | 0.7% +AU$11.9m | -18.3% | PE51.4x |
