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Australian (ASX) IT Industry Analysis
UpdatedJan 30, 2026
DataAggregated Company Financials
Companies19
- 7D0.7%
- 3M-12.3%
- 1Y-3.3%
- YTD4.2%
Last week, the IT industry hasn't moved much but Appen is up 55% in that time. Unfortunately though, the industry is down 3.3% over the past 12 months. Looking forward, 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, 31 Jan 2026 | AU$15.2b | AU$2.9b | -AU$98,065,203.40 | 44.9x | -155.2x | 5.3x |
| Mon, 29 Dec 2025 | AU$14.9b | AU$2.9b | -AU$99,547,862.50 | 42.2x | -149.3x | 5.2x |
| Wed, 26 Nov 2025 | AU$15.4b | AU$2.9b | -AU$101,151,033.80 | 41.7x | -152.5x | 5.3x |
| Fri, 24 Oct 2025 | AU$17.2b | AU$2.9b | -AU$100,856,223.50 | 41.1x | -170.3x | 5.9x |
| Sun, 21 Sep 2025 | AU$18.2b | AU$2.9b | -AU$82,820,213.20 | 40.4x | -220.1x | 6.3x |
| Tue, 19 Aug 2025 | AU$16.0b | AU$2.8b | -AU$87,821,060.30 | 34.4x | -182.1x | 5.6x |
| Thu, 17 Jul 2025 | AU$15.5b | AU$2.8b | -AU$89,795,037.80 | 36.7x | -172.3x | 5.5x |
| Sat, 14 Jun 2025 | AU$15.0b | AU$2.8b | -AU$90,053,153.90 | 39.6x | -166.8x | 5.4x |
| Mon, 12 May 2025 | AU$14.5b | AU$2.8b | -AU$90,323,275.40 | 43.7x | -160.4x | 5.2x |
| Wed, 09 Apr 2025 | AU$11.6b | AU$2.8b | -AU$92,246,140.30 | 34.9x | -125.8x | 4.1x |
| Fri, 07 Mar 2025 | AU$14.9b | AU$2.8b | -AU$90,701,445.50 | 38.9x | -164.7x | 5.3x |
| Sun, 02 Feb 2025 | AU$15.7b | AU$2.6b | -AU$191,262,335.20 | 78.7x | -82x | 6x |
| Tue, 31 Dec 2024 | AU$15.8b | AU$2.6b | -AU$190,623,940.30 | 74.9x | -82.7x | 6x |
| Thu, 28 Nov 2024 | AU$16.2b | AU$2.6b | -AU$185,155,949.20 | 71.2x | -87.6x | 6.2x |
| Sat, 26 Oct 2024 | AU$15.8b | AU$2.6b | -AU$181,945,470.50 | 63.9x | -86.7x | 6.1x |
| Mon, 23 Sep 2024 | AU$16.1b | AU$2.6b | -AU$169,159,919.90 | 63.3x | -95.4x | 6.2x |
| Wed, 21 Aug 2024 | AU$16.8b | AU$4.4b | -AU$213,322,965.60 | 37.9x | -78.5x | 3.8x |
| Fri, 19 Jul 2024 | AU$16.5b | AU$4.4b | -AU$213,181,270.80 | 40.5x | -77.6x | 3.8x |
| Sun, 16 Jun 2024 | AU$15.6b | AU$4.4b | -AU$216,428,443.30 | 34.9x | -71.9x | 3.6x |
| Tue, 14 May 2024 | AU$15.2b | AU$4.4b | -AU$216,570,138.10 | 35.9x | -70.3x | 3.5x |
| Thu, 11 Apr 2024 | AU$14.8b | AU$4.4b | -AU$216,204,093.20 | 41.1x | -68.4x | 3.4x |
| Sat, 09 Mar 2024 | AU$15.4b | AU$4.4b | -AU$215,613,698.20 | 38.2x | -71.4x | 3.5x |
| Mon, 05 Feb 2024 | AU$13.4b | AU$4.5b | -AU$460,542,001.00 | 36.5x | -29.1x | 3x |
| Wed, 03 Jan 2024 | AU$12.3b | AU$4.4b | -AU$443,014,438.00 | 34.1x | -27.7x | 2.8x |
| Fri, 01 Dec 2023 | AU$11.9b | AU$4.4b | -AU$455,300,113.00 | 32.8x | -26x | 2.7x |
| Sun, 29 Oct 2023 | AU$11.0b | AU$4.5b | -AU$470,034,757.00 | 29.7x | -23.4x | 2.4x |
| Tue, 26 Sep 2023 | AU$11.8b | AU$4.5b | -AU$463,300,350.00 | 29.8x | -25.4x | 2.6x |
| Thu, 24 Aug 2023 | AU$12.6b | AU$4.5b | -AU$432,993,914.00 | 23.2x | -29x | 2.8x |
| Sat, 22 Jul 2023 | AU$10.2b | AU$3.9b | -AU$458,934,929.00 | 18.8x | -22.3x | 2.6x |
| Mon, 19 Jun 2023 | AU$9.9b | AU$3.9b | -AU$452,083,549.00 | 17.9x | -21.8x | 2.5x |
| Wed, 17 May 2023 | AU$8.3b | AU$3.9b | -AU$463,776,253.00 | 16.8x | -17.8x | 2.1x |
| Fri, 14 Apr 2023 | AU$8.3b | AU$3.9b | -AU$463,263,348.00 | 24.1x | -18x | 2.1x |
| Sun, 12 Mar 2023 | AU$24.5b | AU$10.4b | -AU$623,909,197.00 | 26.1x | -39.3x | 2.4x |
| Tue, 07 Feb 2023 | AU$25.0b | AU$9.4b | -AU$26,074,487.00 | 26x | -959.2x | 2.7x |
Price to Earnings Ratio
-959.2x
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 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 | 0.64% | |
| Tech | -1.31% | |
| IT | 0.69% | |
| IT Consulting | 3.29% | |
| Internet Services and Infrastructure | 0.21% | |
| Data Processing Services | -3.35% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 25.0x.
- Analysts are expecting annual earnings growth of 24.5%, 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 24% 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 7.4% 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 | |
|---|---|---|---|---|---|
| APX Appen | AU$1.85 | 55.5% +AU$175.3m | -32.7% | PS1.5x | |
| DTL Data#3 | AU$9.78 | 2.9% +AU$43.4m | 40.5% | PE31.5x | |
| ITS Infotrust | AU$0.52 | 1.0% +AU$950.9k | -4.6% | PS1x | |
| SOC SOCO | AU$0.059 | 11.3% +AU$836.1k | -52.8% | PE120.4x | |
| CGO CPT Global | AU$0.081 | 1.3% +AU$41.9k | 39.7% | PS0.1x |
