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Australian (ASX) IT Industry Analysis

UpdatedJul 08, 2026
DataAggregated Company Financials
Companies18
  • 7D-6.7%
  • 3M17.6%
  • 1Y6.2%
  • YTD11.9%

Over the last 7 days, the IT industry has dropped 6.7%, driven by NEXTDC declining 6.7%. In the past year, the industry has gained 6.2%. Looking forward, earnings are forecast to decline by 2.0% per year.

Industry Valuation and Performance

Has the Australian IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Jul 2026AU$18.0bAU$3.0b-AU$124,874,010.4046.7x-144.4x6x
Fri, 05 Jun 2026AU$20.0bAU$3.0b-AU$124,040,562.8037.1x-160.9x6.6x
Sun, 03 May 2026AU$14.9bAU$3.0b-AU$124,447,870.2041.2x-120.1x4.9x
Tue, 31 Mar 2026AU$12.2bAU$3.1b-AU$125,976,002.9241.2x-96.6x4x
Thu, 26 Feb 2026AU$14.5bAU$2.9b-AU$118,161,151.0040.4x-122.4x4.9x
Sat, 24 Jan 2026AU$15.3bAU$2.9b-AU$98,897,988.7046.9x-155.2x5.3x
Mon, 22 Dec 2025AU$14.2bAU$2.9b-AU$100,329,008.0041.5x-141.3x4.9x
Wed, 19 Nov 2025AU$15.2bAU$2.9b-AU$100,856,223.5040.8x-150.3x5.2x
Fri, 17 Oct 2025AU$17.1bAU$2.9b-AU$100,836,856.4039.9x-169.5x5.9x
Sun, 14 Sep 2025AU$17.9bAU$2.9b-AU$82,553,377.6038.9x-216.2x6.2x
Tue, 12 Aug 2025AU$16.0bAU$2.8b-AU$87,775,039.6032.2x-182.7x5.7x
Thu, 10 Jul 2025AU$15.0bAU$2.8b-AU$89,795,037.8036.1x-166.6x5.4x
Sat, 07 Jun 2025AU$14.6bAU$2.8b-AU$89,931,099.0039.6x-162.2x5.2x
Mon, 05 May 2025AU$13.7bAU$2.8b-AU$90,147,196.2043.7x-152.1x4.9x
Wed, 02 Apr 2025AU$12.8bAU$2.8b-AU$91,133,639.9034.9x-140.2x4.6x
Fri, 28 Feb 2025AU$15.0bAU$2.8b-AU$110,529,911.5041.1x-135.3x5.3x
Sun, 26 Jan 2025AU$16.2bAU$2.6b-AU$188,930,806.0078.9x-86x6.2x
Tue, 24 Dec 2024AU$15.6bAU$2.6b-AU$190,549,923.5072.2x-81.8x5.9x
Thu, 21 Nov 2024AU$16.7bAU$2.6b-AU$184,674,840.0070.7x-90.7x6.4x
Sat, 19 Oct 2024AU$16.7bAU$2.6b-AU$180,215,327.8066.9x-92.9x6.4x
Mon, 16 Sep 2024AU$16.3bAU$2.6b-AU$171,269,398.7062.6x-95.3x6.3x
Wed, 14 Aug 2024AU$15.9bAU$4.4b-AU$216,983,414.6041.4x-73.4x3.6x
Fri, 12 Jul 2024AU$15.7bAU$4.4b-AU$212,744,378.5036.8x-73.7x3.6x
Sun, 09 Jun 2024AU$15.3bAU$4.4b-AU$217,361,267.4035.2x-70.4x3.5x
Tue, 07 May 2024AU$15.0bAU$4.4b-AU$216,133,245.8035.3x-69.2x3.4x
Thu, 04 Apr 2024AU$14.7bAU$4.4b-AU$219,262,339.3041.1x-67x3.3x
Sat, 02 Mar 2024AU$14.9bAU$4.4b-AU$219,380,418.3042.2x-67.8x3.4x
Mon, 29 Jan 2024AU$12.4bAU$4.4b-AU$456,392,173.0035.7x-27.3x2.8x
Wed, 27 Dec 2023AU$11.9bAU$4.4b-AU$443,369,358.0033.8x-26.9x2.7x
Fri, 24 Nov 2023AU$11.8bAU$4.4b-AU$457,293,123.0032.4x-25.9x2.7x
Sun, 22 Oct 2023AU$11.4bAU$4.5b-AU$471,618,244.0029x-24.2x2.5x
Tue, 19 Sep 2023AU$11.8bAU$4.5b-AU$462,918,129.0028.8x-25.4x2.6x
Thu, 17 Aug 2023AU$12.2bAU$4.3b-AU$466,659,553.0024.4x-26.1x2.9x
Sat, 15 Jul 2023AU$10.3bAU$3.9b-AU$451,976,913.0018.8x-22.7x2.6x
Price to Earnings Ratio

-22.7x


Total Market Cap: AU$10.3bTotal Earnings: -AU$451,976,913.00Total Revenue: AU$3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian IT Industry Price to Earnings3Y Average -101.8x202420252026
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 4.6x is lower than the industry's current PS ratio of 6.0x.
Past Earnings Growth
  • The earnings for companies in the IT industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 8.1% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Trends

Which industries have driven the changes within the Australian Tech industry?

AU Market0.20%
Tech0.62%
IT-6.75%
Data Processing Services2.17%
IT Consulting-2.71%
Internet Services and Infrastructure-7.25%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 42.9x.
    • Analysts are expecting annual earnings growth of 23.7%, which is higher than its past year's earnings growth of 12.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings decline by 5.4% 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
MP1 MegaportAU$19.08-8.1%
AU$810.9m		45.3%PS17.6x
KYP KinaticoAU$0.1713.3%
+AU$8.6m		-19.0%PE46.7x
AD1 AdNeoAU$0.027107.7%
+AU$5.3m		-46.0%PS1.4x
ATA AtturraAU$0.471.1%
+AU$1.8m		-41.3%PE194.9x
PPL PureprofileAU$0.033.4%
+AU$1.2m		-37.5%PE19.2x

Latest News

MP1
AU$19.08
Megaport
7D
-8.1%
1Y
45.3%
NXT
AU$13.66
NEXTDC
7D
-6.7%
1Y
-0.6%
MAQ
AU$63.57
Macquarie Technology Group
7D
-8.2%
1Y
-0.3%
DXN
AU$0.20
DXN
7D
-13.3%
1Y
214.5%
Narrative Update • Jun 26

DXN: Equity Raise And Lofty P/E Assumptions Will Likely Pressure Returns

Analysts have updated their view on DXN, lifting the fair value estimate from A$0.08 to A$0.175. They cite revised assumptions for revenue growth, profit margins, the discount rate and future P/E as key drivers of the higher price target.
WRK
AU$0.088
Wrkr
7D
-1.1%
1Y
-1.1%
Narrative Update • Jun 26

WRK: Higher Margin Outlook Will Support A Stronger Future Earnings Profile

Analysts have lifted their Wrkr fair value estimate from A$0.16 to A$0.21, reflecting updated assumptions for revenue growth, profit margins, and a slightly different discount rate that also feed into a lower future P/E multiple. What’s in the News for Wrkr No recent Wrkr specific news items were identified in the provided sources for this period.
APX
AU$0.90
Appen
7D
-4.8%
1Y
-20.0%
Narrative Update • Jun 23

APX: Speech Benchmark Collaboration Will Support Future Earnings Upside

Analysts have maintained their A$2.35 fair value estimate for Appen, citing slightly adjusted assumptions around discount rate, revenue growth, profit margin, and future P/E to refine their price target rationale. What’s in the News for Appen Appen announced a collaboration with Hugging Face to provide private, high-quality English-language audio datasets to the Open ASR Leaderboard, a widely used benchmark for automatic speech recognition models.
KYP
AU$0.17
Kinatico
7D
13.3%
1Y
-19.0%
Narrative Update • Jun 22

KYP: Future Returns Should Rise As Stable Assumptions Support Undervalued Outlook

Kinatico’s latest analyst price target has been revised to A$0.40, reflecting updated assumptions around discount rate, profit margin, revenue growth and future P/E. Analysts suggest these refreshed inputs leave their fair value view essentially unchanged at A$0.40.
AD1
AU$0.027
AdNeo
7D
107.7%
1Y
-46.0%
ITS
AU$0.34
Infotrust
7D
-6.8%
1Y
-26.1%
FCT
AU$0.009
FirstWave Cloud Technology
7D
-10.0%
1Y
-43.8%
AI1
AU$0.17
Adisyn
7D
-2.9%
1Y
217.3%
PPL
AU$0.03
Pureprofile
7D
3.4%
1Y
-37.5%
ATA
AU$0.47
Atturra
7D
1.1%
1Y
-41.3%