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Australian (ASX) IT Industry Analysis
UpdatedAug 30, 2025
DataAggregated Company Financials
Companies20
- 7D11.4%
- 3M20.5%
- 1Y4.3%
- YTD10.2%
Over the last 7 days, the IT industry has risen 11%, driven by gains from NEXTDC of 15%. In the same time, Macquarie Technology Group was down 7.6%. This means that the industry has gained 4.3% over the past year. Looking forward, earnings are forecast to grow by 4.7% 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 |
|---|---|---|---|---|---|---|
| Sun, 31 Aug 2025 | AU$17.5b | AU$2.9b | -AU$96,075,534.20 | 34.7x | -181.7x | 6x |
| Tue, 29 Jul 2025 | AU$15.9b | AU$2.8b | -AU$87,749,027.90 | 34.3x | -181.4x | 5.6x |
| Thu, 26 Jun 2025 | AU$15.3b | AU$2.8b | -AU$89,921,094.50 | 39x | -169.7x | 5.5x |
| Sat, 24 May 2025 | AU$14.4b | AU$2.8b | -AU$90,081,166.50 | 40.8x | -159.7x | 5.2x |
| Mon, 21 Apr 2025 | AU$12.4b | AU$2.8b | -AU$90,505,357.30 | 37.9x | -137.5x | 4.4x |
| Wed, 19 Mar 2025 | AU$14.0b | AU$2.8b | -AU$90,537,371.70 | 39x | -155.2x | 5x |
| Fri, 14 Feb 2025 | AU$15.8b | AU$2.8b | -AU$200,634,318.50 | 78.9x | -78.9x | 5.8x |
| Sun, 12 Jan 2025 | AU$15.7b | AU$2.6b | -AU$192,918,461.10 | 74x | -81.5x | 6x |
| Tue, 10 Dec 2024 | AU$16.5b | AU$2.6b | -AU$186,007,142.40 | 74.3x | -88.8x | 6.3x |
| Thu, 07 Nov 2024 | AU$16.5b | AU$2.6b | -AU$183,499,823.30 | 70x | -90.1x | 6.3x |
| Sat, 05 Oct 2024 | AU$16.9b | AU$2.6b | -AU$174,084,261.70 | 63.2x | -96.8x | 6.5x |
| Mon, 02 Sep 2024 | AU$15.7b | AU$2.5b | -AU$170,053,225.40 | 53.3x | -92.3x | 6.2x |
| Wed, 31 Jul 2024 | AU$16.0b | AU$4.4b | -AU$218,447,594.20 | 43.4x | -73.4x | 3.7x |
| Fri, 28 Jun 2024 | AU$15.1b | AU$4.4b | -AU$215,212,229.60 | 37.4x | -70.2x | 3.4x |
| Sun, 26 May 2024 | AU$15.3b | AU$4.4b | -AU$216,038,782.60 | 32.7x | -70.6x | 3.5x |
| Tue, 23 Apr 2024 | AU$14.2b | AU$4.4b | -AU$221,919,116.80 | 36.5x | -63.8x | 3.2x |
| Thu, 21 Mar 2024 | AU$15.2b | AU$4.4b | -AU$219,061,605.00 | 38.6x | -69.4x | 3.5x |
| Sat, 17 Feb 2024 | AU$13.4b | AU$4.4b | -AU$455,946,174.00 | 28.7x | -29.4x | 3.1x |
| Mon, 15 Jan 2024 | AU$12.3b | AU$4.4b | -AU$450,058,225.00 | 34x | -27.3x | 2.8x |
| Wed, 13 Dec 2023 | AU$11.9b | AU$4.4b | -AU$455,873,445.00 | 33.6x | -26x | 2.7x |
| Fri, 10 Nov 2023 | AU$11.6b | AU$4.5b | -AU$465,803,024.00 | 30.6x | -25x | 2.6x |
| Sun, 08 Oct 2023 | AU$11.5b | AU$4.5b | -AU$466,540,165.00 | 29.1x | -24.6x | 2.5x |
| Tue, 05 Sep 2023 | AU$12.3b | AU$4.5b | -AU$461,034,326.00 | 23.6x | -26.7x | 2.7x |
| Thu, 03 Aug 2023 | AU$12.1b | AU$4.3b | -AU$455,581,419.00 | 25.7x | -26.6x | 2.8x |
| Sat, 01 Jul 2023 | AU$9.6b | AU$3.9b | -AU$466,746,034.00 | 17.5x | -20.7x | 2.5x |
| Mon, 29 May 2023 | AU$9.3b | AU$3.9b | -AU$472,658,039.00 | 17.6x | -19.7x | 2.4x |
| Wed, 26 Apr 2023 | AU$8.1b | AU$3.9b | -AU$469,474,909.00 | 24.9x | -17.2x | 2.1x |
| Fri, 24 Mar 2023 | AU$7.2b | AU$3.9b | -AU$463,729,881.00 | 22.7x | -15.4x | 1.8x |
| Sun, 19 Feb 2023 | AU$24.5b | AU$10.1b | AU$111.3m | 25x | 220.4x | 2.4x |
| Tue, 17 Jan 2023 | AU$24.1b | AU$9.4b | -AU$71,448,981.00 | 32.3x | -337.8x | 2.6x |
| Thu, 15 Dec 2022 | AU$26.3b | AU$9.4b | -AU$71,107,824.00 | 33.6x | -370.4x | 2.8x |
| Sat, 12 Nov 2022 | AU$25.9b | AU$9.4b | AU$29.7m | 40.2x | 872.1x | 2.8x |
| Mon, 10 Oct 2022 | AU$25.8b | AU$9.5b | AU$40.1m | 38.3x | 642.9x | 2.7x |
| Wed, 07 Sep 2022 | AU$25.5b | AU$9.3b | AU$21.2m | 37.3x | 1200.8x | 2.8x |
Price to Earnings Ratio
1200.8x
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 3.8x is lower than the industry's current PS ratio of 6.0x.
Past Earnings Growth
- Total earnings for the IT industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 32% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Australian Tech industry?
| AU Market | 0.14% | |
| Tech | -0.70% | |
| IT | 11.41% | |
| Internet Services and Infrastructure | 11.80% | |
| IT Consulting | 8.87% | |
| Data Processing Services | -3.29% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 15.3x.
- Analysts are expecting annual earnings growth of 18.6%, which is higher than its past year's earnings growth of 11.3% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings growth rate of 11% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 2.8% 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$16.50 | 14.9% +AU$1.4b | -2.7% | PS24.7x | |
| MP1 Megaport | AU$16.44 | 15.8% +AU$360.2m | 92.5% | PS11.6x | |
| DTL Data#3 | AU$9.21 | 15.1% +AU$187.4m | 19.6% | PE29.6x | |
| FCT FirstWave Cloud Technology | AU$0.017 | 21.4% +AU$5.1m | -10.5% | PS2.9x | |
| APX Appen | AU$0.86 | 1.8% +AU$4.0m | -13.5% | PS0.7x |
