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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 Jan 2026AU$15.1bAU$2.9b-AU$99,683,432.2044.7x-151.9x5.3x
Tue, 16 Dec 2025AU$15.0bAU$2.9b-AU$100,120,273.7041.6x-150.1x5.2x
Thu, 13 Nov 2025AU$16.5bAU$2.9b-AU$100,699,134.8043.9x-163.5x5.7x
Sat, 11 Oct 2025AU$17.2bAU$2.9b-AU$100,621,666.4041.8x-171.3x5.9x
Mon, 08 Sep 2025AU$17.1bAU$2.9b-AU$83,046,162.7038x-205.6x5.9x
Wed, 06 Aug 2025AU$16.0bAU$2.8b-AU$88,077,175.5032.6x-181.7x5.6x
Fri, 04 Jul 2025AU$15.3bAU$2.8b-AU$89,554,929.8036.1x-170.5x5.5x
Sun, 01 Jun 2025AU$14.5bAU$2.8b-AU$90,163,203.4039.6x-160.4x5.2x
Tue, 29 Apr 2025AU$12.8bAU$2.8b-AU$90,403,311.4042.7x-141.4x4.6x
Thu, 27 Mar 2025AU$14.1bAU$2.8b-AU$90,875,523.8035.5x-154.8x5x
Sat, 22 Feb 2025AU$16.1bAU$2.8b-AU$208,645,015.6076.9x-77.1x5.8x
Mon, 20 Jan 2025AU$15.8bAU$2.6b-AU$191,697,183.9073.3x-82.4x6x
Wed, 18 Dec 2024AU$15.8bAU$2.6b-AU$188,227,646.4072.4x-83.9x6x
Fri, 15 Nov 2024AU$17.2bAU$2.6b-AU$185,516,781.1071.1x-92.9x6.6x
Sun, 13 Oct 2024AU$17.1bAU$2.6b-AU$179,364,134.6066.5x-95.2x6.6x
Tue, 10 Sep 2024AU$15.9bAU$2.6b-AU$172,351,894.4062x-92.2x6.1x
Thu, 08 Aug 2024AU$15.3bAU$4.4b-AU$217,656,464.9041.1x-70.3x3.5x
Sat, 06 Jul 2024AU$15.3bAU$4.4b-AU$213,228,502.4037.1x-71.7x3.5x
Mon, 03 Jun 2024AU$15.3bAU$4.4b-AU$215,412,963.9033.7x-70.8x3.5x
Wed, 01 May 2024AU$14.6bAU$4.4b-AU$218,707,368.0034.9x-66.8x3.3x
Fri, 29 Mar 2024AU$15.4bAU$4.4b-AU$219,852,734.3039.2x-70.2x3.5x
Sun, 25 Feb 2024AU$13.6bAU$4.4b-AU$439,956,375.0042.5x-31x3.1x
Tue, 23 Jan 2024AU$12.5bAU$4.4b-AU$455,791,540.0036x-27.4x2.8x
Thu, 21 Dec 2023AU$12.2bAU$4.4b-AU$444,761,734.0034x-27.4x2.7x
Sat, 18 Nov 2023AU$11.9bAU$4.5b-AU$459,086,855.0031.5x-25.8x2.6x
Mon, 16 Oct 2023AU$11.8bAU$4.5b-AU$472,573,796.0030.2x-25x2.6x
Wed, 13 Sep 2023AU$12.1bAU$4.5b-AU$464,255,903.0029.6x-26x2.7x
Fri, 11 Aug 2023AU$12.2bAU$4.3b-AU$458,821,788.0024.9x-26.5x2.9x
Sun, 09 Jul 2023AU$9.4bAU$3.9b-AU$462,880,470.0019.1x-20.4x2.4x
Tue, 06 Jun 2023AU$9.5bAU$3.9b-AU$468,339,271.0018.4x-20.3x2.4x
Thu, 04 May 2023AU$8.2bAU$3.9b-AU$467,128,912.0025.7x-17.6x2.1x
Sat, 01 Apr 2023AU$7.5bAU$3.9b-AU$465,529,368.0023.5x-16.1x1.9x
Mon, 27 Feb 2023AU$24.7bAU$10.2b-AU$331,683,726.0026.5x-74.5x2.4x
Wed, 25 Jan 2023AU$24.4bAU$9.3b-AU$73,225,932.0033.2x-332.8x2.6x
Price to Earnings Ratio

-332.8x


Total Market Cap: AU$24.4bTotal Earnings: -AU$73,225,932.00Total Revenue: AU$9.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian IT Industry Price to Earnings3Y Average -108.8x202420252026
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 Market1.95%
Tech-1.35%
IT2.71%
Data Processing Services4.80%
Internet Services and Infrastructure2.77%
IT Consulting2.44%
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?

CompanyLast Price7D1YValuation
NXT NEXTDCAU$13.003.7%
+AU$294.8m
-16.0%PS19.5x
APX AppenAU$1.1418.8%
+AU$47.8m
-57.0%PS0.9x
DTL Data#3AU$9.772.0%
+AU$29.5m
48.9%PE31.4x
WRK WrkrAU$0.1710.0%
+AU$28.5m
251.1%PS39.3x
MAQ Macquarie Technology GroupAU$69.510.7%
+AU$11.9m
-18.3%PE51.4x

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