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Australian (ASX) IT Industry Analysis
UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies19
- 7D-7.5%
- 3M-14.4%
- 1Y-13.6%
- YTD-2.6%
Over the last 7 days, the IT industry has dropped 2.2%, driven by NEXTDC declining 4.6%. Meanwhile, Spenda actually outperformed within the industry, gaining 50% in the last week. Overall the industry is down 8.4% in 12 months. Earnings are forecast to grow by 12% 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, 07 Feb 2026 | AU$14.2b | AU$2.9b | -AU$98,299,760.50 | 39.9x | -144.7x | 5x |
| Mon, 05 Jan 2026 | AU$14.6b | AU$2.9b | -AU$99,655,457.50 | 43.5x | -146.4x | 5.1x |
| Wed, 03 Dec 2025 | AU$15.4b | AU$2.9b | -AU$100,638,881.60 | 41.9x | -153.4x | 5.3x |
| Fri, 31 Oct 2025 | AU$17.2b | AU$2.9b | -AU$100,595,843.60 | 42.7x | -170.8x | 5.9x |
| Sun, 28 Sep 2025 | AU$18.1b | AU$2.9b | -AU$83,052,618.40 | 40.1x | -218.1x | 6.2x |
| Tue, 26 Aug 2025 | AU$16.1b | AU$2.8b | -AU$98,798,272.80 | 34x | -163.1x | 5.7x |
| Thu, 24 Jul 2025 | AU$15.8b | AU$2.8b | -AU$87,454,895.60 | 34.3x | -180.3x | 5.6x |
| Sat, 21 Jun 2025 | AU$15.1b | AU$2.8b | -AU$89,953,108.90 | 39x | -167.7x | 5.4x |
| Mon, 19 May 2025 | AU$14.9b | AU$2.8b | -AU$90,357,290.70 | 41.9x | -164.8x | 5.3x |
| Wed, 16 Apr 2025 | AU$12.5b | AU$2.8b | -AU$90,579,390.60 | 34.9x | -138.5x | 4.5x |
| Fri, 14 Mar 2025 | AU$14.0b | AU$2.8b | -AU$90,943,554.40 | 39x | -153.5x | 5x |
| Sun, 09 Feb 2025 | AU$16.3b | AU$2.8b | -AU$200,467,780.70 | 80.2x | -81.1x | 5.9x |
| Tue, 07 Jan 2025 | AU$15.6b | AU$2.6b | -AU$189,578,453.00 | 73.5x | -82.4x | 6x |
| Thu, 05 Dec 2024 | AU$16.5b | AU$2.6b | -AU$186,654,789.40 | 75.7x | -88.3x | 6.3x |
| Sat, 02 Nov 2024 | AU$16.1b | AU$2.6b | -AU$183,268,520.80 | 69.3x | -87.9x | 6.2x |
| Mon, 30 Sep 2024 | AU$16.5b | AU$2.6b | -AU$167,235,483.10 | 64.3x | -98.9x | 6.4x |
| Wed, 28 Aug 2024 | AU$16.5b | AU$2.6b | -AU$207,009,177.30 | 49.5x | -79.5x | 6.2x |
| Fri, 26 Jul 2024 | AU$15.9b | AU$4.4b | -AU$218,471,210.00 | 38.6x | -72.9x | 3.6x |
| Sun, 23 Jun 2024 | AU$15.1b | AU$4.4b | -AU$215,684,545.60 | 33.3x | -70.2x | 3.5x |
| Tue, 21 May 2024 | AU$15.5b | AU$4.4b | -AU$214,480,139.80 | 34.9x | -72.3x | 3.5x |
| Thu, 18 Apr 2024 | AU$13.9b | AU$4.4b | -AU$222,037,195.80 | 40.7x | -62.6x | 3.2x |
| Sat, 16 Mar 2024 | AU$15.4b | AU$4.4b | -AU$217,680,080.70 | 37.8x | -70.8x | 3.5x |
| Mon, 12 Feb 2024 | AU$13.3b | AU$4.3b | -AU$460,359,777.00 | 41.1x | -28.9x | 3.1x |
| Wed, 10 Jan 2024 | AU$12.0b | AU$4.4b | -AU$449,539,497.00 | 33.9x | -26.6x | 2.7x |
| Fri, 08 Dec 2023 | AU$12.1b | AU$4.4b | -AU$457,347,726.00 | 33.3x | -26.5x | 2.7x |
| Sun, 05 Nov 2023 | AU$11.5b | AU$4.5b | -AU$458,486,222.00 | 30.2x | -25.1x | 2.6x |
| Tue, 03 Oct 2023 | AU$11.7b | AU$4.5b | -AU$466,178,763.00 | 28.8x | -25x | 2.6x |
| Thu, 31 Aug 2023 | AU$12.3b | AU$4.5b | -AU$497,212,889.00 | 22.6x | -24.8x | 2.7x |
| Sat, 29 Jul 2023 | AU$10.4b | AU$3.9b | -AU$464,480,014.00 | 18.5x | -22.4x | 2.7x |
| Mon, 26 Jun 2023 | AU$9.4b | AU$3.9b | -AU$463,147,061.00 | 19.4x | -20.3x | 2.4x |
| Wed, 24 May 2023 | AU$8.3b | AU$3.9b | -AU$466,419,819.00 | 17.3x | -17.9x | 2.1x |
| Fri, 21 Apr 2023 | AU$8.1b | AU$3.9b | -AU$462,890,121.00 | 25.2x | -17.5x | 2.1x |
| Sun, 19 Mar 2023 | AU$7.4b | AU$3.9b | -AU$465,182,800.00 | 23.7x | -15.9x | 1.9x |
| Tue, 14 Feb 2023 | AU$24.9b | AU$9.4b | -AU$18,173,016.00 | 26.1x | -1368.1x | 2.7x |
Price to Earnings Ratio
-1368.1x
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 4.2x 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 | -2.49% | |
| Tech | -11.60% | |
| IT | -7.53% | |
| Data Processing Services | -5.01% | |
| Internet Services and Infrastructure | -6.73% | |
| IT Consulting | -11.58% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 25.5x.
- Analysts expect its future annual earnings growth (27.5%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 27% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Data Processing Services industry is expected to see its earnings grow by 7.3% 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 | |
|---|---|---|---|---|---|
| SPX Spenda | AU$0.003 | 50.0% +AU$5.4m | -62.5% | PS1.5x | |
| CYB AUCyber | AU$0.075 | 2.7% +AU$417.5k | -44.4% | PS0.7x | |
| SOC SOCO | AU$0.062 | 5.1% +AU$418.1k | -25.3% | PE126.5x | |
| CGO CPT Global | AU$0.083 | 2.5% +AU$83.8k | 43.1% | PS0.2x |
