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Australian (ASX) IT Industry Analysis
UpdatedJan 13, 2026
DataAggregated Company Financials
Companies19
- 7D4.1%
- 3M-12.6%
- 1Y-4.0%
- YTD2.2%
The IT industry is up 4.1% in the last week, with NEXTDC up 3.9%. Meanwhile, Kinatico actually underperformed within the industry, shrinking 9.7% in the last week. In contrast, the industry has lost 4.0% in the last 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 |
|---|---|---|---|---|---|---|
| Tue, 13 Jan 2026 | AU$14.9b | AU$2.9b | -AU$99,582,292.90 | 43.1x | -149.9x | 5.2x |
| Thu, 11 Dec 2025 | AU$15.4b | AU$2.9b | -AU$100,150,400.30 | 41.3x | -153.4x | 5.3x |
| Sat, 08 Nov 2025 | AU$16.4b | AU$2.9b | -AU$100,946,603.30 | 41.3x | -162.4x | 5.6x |
| Mon, 06 Oct 2025 | AU$17.8b | AU$2.9b | -AU$100,354,830.80 | 40.9x | -177.6x | 6.2x |
| Wed, 03 Sep 2025 | AU$17.3b | AU$2.9b | -AU$83,259,200.80 | 38.6x | -208.1x | 6x |
| Fri, 01 Aug 2025 | AU$15.9b | AU$2.8b | -AU$88,167,216.00 | 33.6x | -180.6x | 5.6x |
| Sun, 29 Jun 2025 | AU$15.4b | AU$2.8b | -AU$89,783,032.40 | 36.1x | -171.9x | 5.5x |
| Tue, 27 May 2025 | AU$14.3b | AU$2.8b | -AU$89,859,066.60 | 36.1x | -159.4x | 5.1x |
| Thu, 24 Apr 2025 | AU$12.4b | AU$2.8b | -AU$90,337,281.70 | 37.9x | -136.8x | 4.4x |
| Sat, 22 Mar 2025 | AU$14.1b | AU$2.8b | -AU$90,913,540.90 | 39x | -155.1x | 5x |
| Mon, 17 Feb 2025 | AU$15.9b | AU$2.7b | -AU$198,487,831.30 | 78.7x | -80.1x | 5.8x |
| Wed, 15 Jan 2025 | AU$15.4b | AU$2.6b | -AU$192,058,015.80 | 70.9x | -79.9x | 5.8x |
| Fri, 13 Dec 2024 | AU$15.9b | AU$2.6b | -AU$186,876,839.80 | 72.8x | -85.1x | 6.1x |
| Sun, 10 Nov 2024 | AU$16.8b | AU$2.6b | -AU$182,953,949.40 | 66.3x | -91.7x | 6.4x |
| Tue, 08 Oct 2024 | AU$17.0b | AU$2.6b | -AU$175,222,270.00 | 63.4x | -97.1x | 6.6x |
| Thu, 05 Sep 2024 | AU$14.9b | AU$2.6b | -AU$171,047,178.30 | 59x | -87.1x | 5.7x |
| Sat, 03 Aug 2024 | AU$16.3b | AU$4.4b | -AU$219,226,915.60 | 38x | -74.5x | 3.7x |
| Mon, 01 Jul 2024 | AU$15.2b | AU$4.4b | -AU$214,952,455.80 | 37.4x | -70.6x | 3.5x |
| Wed, 29 May 2024 | AU$15.2b | AU$4.4b | -AU$214,976,071.60 | 32.6x | -70.8x | 3.5x |
| Fri, 26 Apr 2024 | AU$14.6b | AU$4.4b | -AU$219,404,034.10 | 40.5x | -66.5x | 3.3x |
| Sun, 24 Mar 2024 | AU$15.3b | AU$4.4b | -AU$219,238,723.50 | 40.8x | -69.7x | 3.5x |
| Tue, 20 Feb 2024 | AU$13.5b | AU$4.4b | -AU$455,263,636.50 | 29x | -29.7x | 3.1x |
| Thu, 18 Jan 2024 | AU$12.3b | AU$4.4b | -AU$457,893,756.00 | 34.9x | -26.9x | 2.8x |
| Sat, 16 Dec 2023 | AU$12.1b | AU$4.4b | -AU$447,983,311.00 | 33.8x | -27x | 2.7x |
| Mon, 13 Nov 2023 | AU$11.5b | AU$4.5b | -AU$468,287,461.00 | 30.3x | -24.5x | 2.5x |
| Wed, 11 Oct 2023 | AU$11.7b | AU$4.5b | -AU$465,338,899.00 | 29.8x | -25.2x | 2.6x |
| Fri, 08 Sep 2023 | AU$12.1b | AU$4.5b | -AU$466,740,339.00 | 22.1x | -25.9x | 2.7x |
| Sun, 06 Aug 2023 | AU$12.0b | AU$4.3b | -AU$458,661,834.00 | 24.9x | -26.3x | 2.8x |
| Tue, 04 Jul 2023 | AU$9.6b | AU$3.9b | -AU$464,666,628.00 | 17.5x | -20.8x | 2.5x |
| Thu, 01 Jun 2023 | AU$9.5b | AU$3.9b | -AU$475,297,287.00 | 18.2x | -20x | 2.4x |
| Sat, 29 Apr 2023 | AU$8.3b | AU$3.9b | -AU$472,007,520.00 | 24x | -17.5x | 2.1x |
| Mon, 27 Mar 2023 | AU$7.3b | AU$3.9b | -AU$468,115,297.00 | 22.7x | -15.5x | 1.9x |
| Wed, 22 Feb 2023 | AU$24.6b | AU$10.1b | AU$110.6m | 25.1x | 222.5x | 2.4x |
| Fri, 20 Jan 2023 | AU$24.2b | AU$9.4b | -AU$69,412,529.00 | 33x | -349.1x | 2.6x |
Price to Earnings Ratio
-349.1x
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 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 | 0.73% | |
| Tech | 2.94% | |
| IT | 4.15% | |
| IT Consulting | 7.04% | |
| Internet Services and Infrastructure | 3.62% | |
| 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 23.9x.
- Analysts are expecting annual earnings growth of 21.1%, 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$9.73 | 7.9% +AU$110.1m | 53.5% | PE31.3x | |
| MP1 Megaport | AU$12.41 | 3.3% +AU$71.0m | 86.3% | PS9.7x | |
| APX Appen | AU$1.08 | 25.0% +AU$57.1m | -58.2% | PS0.9x | |
| WRK Wrkr | AU$0.17 | 17.9% +AU$47.5m | 194.6% | PS39.3x | |
| MAQ Macquarie Technology Group | AU$68.97 | 2.5% +AU$43.0m | -19.8% | PE51x |
