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Australian (ASX) IT Industry Analysis
UpdatedJan 17, 2026
DataAggregated Company Financials
Companies19
- 7D2.7%
- 3M-11.7%
- 1Y-6.3%
- YTD3.7%
The IT industry is up 2.7% in the last week, with NEXTDC up 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 |
|---|---|---|---|---|---|---|
| Sat, 17 Jan 2026 | AU$15.1b | AU$2.9b | -AU$99,593,052.40 | 44.7x | -152.1x | 5.3x |
| Mon, 15 Dec 2025 | AU$15.2b | AU$2.9b | -AU$100,124,577.50 | 41.1x | -152.3x | 5.3x |
| Wed, 12 Nov 2025 | AU$16.8b | AU$2.9b | -AU$100,748,628.50 | 44.2x | -166.8x | 5.8x |
| Fri, 10 Oct 2025 | AU$17.1b | AU$2.9b | -AU$100,402,172.60 | 41.2x | -170x | 5.9x |
| Sun, 07 Sep 2025 | AU$17.1b | AU$2.9b | -AU$83,046,162.70 | 38x | -205.6x | 5.9x |
| Tue, 05 Aug 2025 | AU$15.6b | AU$2.8b | -AU$87,977,130.50 | 33.3x | -177.7x | 5.5x |
| Thu, 03 Jul 2025 | AU$15.4b | AU$2.8b | -AU$89,596,948.70 | 36.1x | -171.9x | 5.5x |
| Sat, 31 May 2025 | AU$14.5b | AU$2.8b | -AU$90,285,258.30 | 39.6x | -160.1x | 5.2x |
| Mon, 28 Apr 2025 | AU$12.6b | AU$2.8b | -AU$90,383,302.40 | 41.4x | -138.9x | 4.5x |
| Wed, 26 Mar 2025 | AU$14.1b | AU$2.8b | -AU$90,791,486.00 | 34.9x | -154.9x | 5x |
| Fri, 21 Feb 2025 | AU$16.0b | AU$2.7b | -AU$206,677,793.70 | 78.5x | -77.5x | 5.8x |
| Sun, 19 Jan 2025 | AU$15.8b | AU$2.6b | -AU$191,697,183.90 | 73.3x | -82.4x | 6x |
| Tue, 17 Dec 2024 | AU$15.7b | AU$2.6b | -AU$188,005,596.00 | 72.1x | -83.4x | 6x |
| Thu, 14 Nov 2024 | AU$17.2b | AU$2.6b | -AU$184,101,209.80 | 72.8x | -93.7x | 6.6x |
| Sat, 12 Oct 2024 | AU$17.1b | AU$2.6b | -AU$179,697,210.20 | 66.5x | -95x | 6.6x |
| Mon, 09 Sep 2024 | AU$15.8b | AU$2.6b | -AU$171,880,037.30 | 63.2x | -92x | 6.1x |
| Wed, 07 Aug 2024 | AU$15.3b | AU$4.4b | -AU$220,112,508.10 | 41x | -69.3x | 3.5x |
| Fri, 05 Jul 2024 | AU$15.2b | AU$4.4b | -AU$213,417,428.80 | 35x | -71x | 3.5x |
| Sun, 02 Jun 2024 | AU$15.3b | AU$4.4b | -AU$215,412,963.90 | 33.7x | -70.8x | 3.5x |
| Tue, 30 Apr 2024 | AU$14.7b | AU$4.4b | -AU$217,821,775.50 | 35.9x | -67.7x | 3.4x |
| Thu, 28 Mar 2024 | AU$15.3b | AU$4.4b | -AU$218,967,141.80 | 38.1x | -69.8x | 3.5x |
| Sat, 24 Feb 2024 | AU$13.6b | AU$4.4b | -AU$439,710,661.50 | 42.5x | -31x | 3.1x |
| Mon, 22 Jan 2024 | AU$12.4b | AU$4.4b | -AU$455,327,415.00 | 35.5x | -27.3x | 2.8x |
| Wed, 20 Dec 2023 | AU$12.2b | AU$4.4b | -AU$447,000,457.00 | 33.9x | -27.2x | 2.7x |
| Fri, 17 Nov 2023 | AU$11.9b | AU$4.5b | -AU$458,677,333.00 | 30.7x | -26.1x | 2.7x |
| Sun, 15 Oct 2023 | AU$11.8b | AU$4.5b | -AU$472,573,796.00 | 30.2x | -25x | 2.6x |
| Tue, 12 Sep 2023 | AU$12.0b | AU$4.5b | -AU$463,627,968.00 | 28.6x | -25.9x | 2.7x |
| Thu, 10 Aug 2023 | AU$12.2b | AU$4.3b | -AU$460,208,059.00 | 24.1x | -26.5x | 2.9x |
| Sat, 08 Jul 2023 | AU$9.4b | AU$3.9b | -AU$462,880,470.00 | 19.1x | -20.4x | 2.4x |
| Mon, 05 Jun 2023 | AU$9.6b | AU$3.9b | -AU$467,032,977.00 | 17.9x | -20.6x | 2.5x |
| Wed, 03 May 2023 | AU$8.2b | AU$3.9b | -AU$469,234,978.00 | 24.1x | -17.5x | 2.1x |
| Fri, 31 Mar 2023 | AU$7.4b | AU$3.9b | -AU$465,156,142.00 | 23.1x | -16x | 1.9x |
| Sun, 26 Feb 2023 | AU$24.7b | AU$10.2b | -AU$331,053,726.00 | 26.5x | -74.7x | 2.4x |
| Tue, 24 Jan 2023 | AU$24.5b | AU$9.4b | -AU$72,323,850.00 | 33.3x | -338.4x | 2.6x |
Price to Earnings Ratio
-338.4x
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 | -1.36% | |
| 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 24.2x.
- 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 |
