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Australian (ASX) IT Industry Analysis
UpdatedAug 28, 2025
DataAggregated Company Financials
Companies20
- 7D1.9%
- 3M9.8%
- 1Y-5.7%
- YTD1.1%
In the last week, the IT industry is up 1.9%, with Megaport up 14%. During this same period, the Macquarie Technology Group underperformed, falling 11%. In contrast, the industry has lost 5.7% in the last 12 months. Looking forward, earnings are forecast to grow by 4.5% 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 |
|---|---|---|---|---|---|---|
| Thu, 28 Aug 2025 | AU$16.0b | AU$2.9b | -AU$99,609,179.40 | 35.7x | -160.7x | 5.6x |
| Sat, 26 Jul 2025 | AU$15.9b | AU$2.8b | -AU$87,572,948.70 | 35.3x | -181.1x | 5.6x |
| Mon, 23 Jun 2025 | AU$15.1b | AU$2.8b | -AU$90,143,194.40 | 39x | -167.3x | 5.4x |
| Wed, 21 May 2025 | AU$14.5b | AU$2.8b | -AU$90,317,272.70 | 41.9x | -160.9x | 5.2x |
| Fri, 18 Apr 2025 | AU$12.4b | AU$2.8b | -AU$90,609,404.10 | 37.9x | -137.3x | 4.4x |
| Sun, 16 Mar 2025 | AU$14.1b | AU$2.8b | -AU$90,745,465.30 | 39x | -155.1x | 5x |
| Tue, 11 Feb 2025 | AU$16.2b | AU$2.8b | -AU$200,403,016.00 | 80.1x | -81x | 5.9x |
| Thu, 09 Jan 2025 | AU$15.9b | AU$2.6b | -AU$191,604,662.90 | 73.3x | -83x | 6x |
| Sat, 07 Dec 2024 | AU$16.5b | AU$2.6b | -AU$186,562,268.40 | 73.9x | -88.4x | 6.3x |
| Mon, 04 Nov 2024 | AU$16.1b | AU$2.6b | -AU$183,518,327.50 | 69.3x | -87.8x | 6.2x |
| Wed, 02 Oct 2024 | AU$16.7b | AU$2.6b | -AU$167,673,197.00 | 62.8x | -99.4x | 6.5x |
| Fri, 30 Aug 2024 | AU$15.6b | AU$2.6b | -AU$195,206,492.90 | 49.2x | -79.7x | 5.9x |
| Sun, 28 Jul 2024 | AU$15.8b | AU$4.4b | -AU$218,140,588.80 | 38.6x | -72.4x | 3.6x |
| Tue, 25 Jun 2024 | AU$15.2b | AU$4.4b | -AU$215,365,732.30 | 33.4x | -70.8x | 3.5x |
| Thu, 23 May 2024 | AU$15.3b | AU$4.4b | -AU$215,129,574.30 | 34.5x | -71.2x | 3.5x |
| Sat, 20 Apr 2024 | AU$14.2b | AU$4.4b | -AU$221,789,229.90 | 38.9x | -64.2x | 3.2x |
| Mon, 18 Mar 2024 | AU$15.4b | AU$4.4b | -AU$217,916,238.70 | 37.8x | -70.7x | 3.5x |
| Wed, 14 Feb 2024 | AU$13.2b | AU$4.3b | -AU$460,632,792.00 | 41.4x | -28.8x | 3.1x |
| Fri, 12 Jan 2024 | AU$12.1b | AU$4.4b | -AU$449,157,276.00 | 33.8x | -26.9x | 2.7x |
| Sun, 10 Dec 2023 | AU$12.0b | AU$4.4b | -AU$456,501,379.00 | 33.4x | -26.3x | 2.7x |
| Tue, 07 Nov 2023 | AU$11.4b | AU$4.5b | -AU$458,540,825.00 | 29.9x | -25x | 2.5x |
| Thu, 05 Oct 2023 | AU$11.7b | AU$4.5b | -AU$468,417,486.00 | 29.2x | -24.9x | 2.6x |
| Sat, 02 Sep 2023 | AU$12.5b | AU$4.5b | -AU$460,324,487.00 | 23.4x | -27.1x | 2.8x |
| Mon, 31 Jul 2023 | AU$10.4b | AU$3.9b | -AU$464,799,923.00 | 18.5x | -22.4x | 2.6x |
| Wed, 28 Jun 2023 | AU$9.4b | AU$3.9b | -AU$462,373,948.00 | 18.3x | -20.3x | 2.4x |
| Fri, 26 May 2023 | AU$8.2b | AU$3.9b | -AU$469,992,133.00 | 17.5x | -17.4x | 2.1x |
| Sun, 23 Apr 2023 | AU$8.1b | AU$3.9b | -AU$465,422,732.00 | 25.2x | -17.3x | 2.1x |
| Tue, 21 Mar 2023 | AU$7.3b | AU$3.9b | -AU$465,262,778.00 | 23.4x | -15.7x | 1.9x |
| Thu, 16 Feb 2023 | AU$24.2b | AU$9.9b | AU$106.2m | 24.7x | 228x | 2.5x |
| Sat, 14 Jan 2023 | AU$24.2b | AU$9.4b | -AU$70,796,430.00 | 32.5x | -341.3x | 2.6x |
| Mon, 12 Dec 2022 | AU$26.1b | AU$9.5b | -AU$69,554,141.00 | 31.8x | -374.6x | 2.8x |
| Wed, 09 Nov 2022 | AU$25.2b | AU$9.5b | AU$35.8m | 39.1x | 702.8x | 2.6x |
| Fri, 07 Oct 2022 | AU$26.0b | AU$9.5b | AU$37.1m | 38.6x | 699.7x | 2.7x |
| Sun, 04 Sep 2022 | AU$25.5b | AU$9.2b | AU$19.3m | 37.8x | 1317.8x | 2.8x |
Price to Earnings Ratio
1317.8x
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 5.6x.
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 | 0.59% | |
| Tech | -1.07% | |
| IT | 1.86% | |
| IT Consulting | 8.89% | |
| Internet Services and Infrastructure | 0.80% | |
| Data Processing Services | -0.85% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 15.2x.
- Analysts are expecting annual earnings growth of 20.3%, which is higher than its past year's earnings growth of 2.1% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 20% over the next 5 years.
- This is better than its past earnings growth rate of 2.1% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| MP1 Megaport | AU$16.24 | 13.6% +AU$311.9m | 93.8% | PS11.5x | |
| DTL Data#3 | AU$9.10 | 12.5% +AU$156.5m | 19.0% | PE29.2x | |
| SPX Spenda | AU$0.007 | 16.7% +AU$4.6m | -22.2% | PS4.2x | |
| FCT FirstWave Cloud Technology | AU$0.017 | 13.3% +AU$3.4m | -10.5% | PS2.9x | |
| VIG Victor Group Holdings | AU$0.042 | 2.4% +AU$652.2k | n/a | PS3.3x |
