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Australian (ASX) IT Industry Analysis
UpdatedSep 02, 2025
DataAggregated Company Financials
Companies20
- 7D8.5%
- 3M20.8%
- 1Y7.6%
- YTD10.3%
In the last week, the IT industry is up 8.5%, with NEXTDC up 18%. During this same period, the Macquarie Technology Group underperformed, falling 10%. This means that the industry has gained 7.6% over the past year. Earnings are forecast to grow by 10% 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 |
|---|---|---|---|---|---|---|
| Tue, 02 Sep 2025 | AU$17.5b | AU$2.9b | -AU$83,028,947.50 | 38.3x | -210.4x | 6x |
| Thu, 31 Jul 2025 | AU$15.7b | AU$2.8b | -AU$87,917,103.50 | 33.3x | -178.5x | 5.5x |
| Sat, 28 Jun 2025 | AU$15.4b | AU$2.8b | -AU$89,741,013.50 | 36.1x | -171.9x | 5.5x |
| Mon, 26 May 2025 | AU$14.4b | AU$2.8b | -AU$89,923,095.40 | 40.8x | -160x | 5.2x |
| Wed, 23 Apr 2025 | AU$11.9b | AU$2.8b | -AU$90,387,304.20 | 37.9x | -131.4x | 4.2x |
| Fri, 21 Mar 2025 | AU$14.3b | AU$2.8b | -AU$90,941,553.50 | 39x | -156.8x | 5.1x |
| Sun, 16 Feb 2025 | AU$15.9b | AU$2.7b | -AU$198,487,831.30 | 78.7x | -80.1x | 5.8x |
| Tue, 14 Jan 2025 | AU$15.2b | AU$2.6b | -AU$192,927,713.20 | 73.8x | -78.8x | 5.8x |
| Thu, 12 Dec 2024 | AU$15.9b | AU$2.6b | -AU$188,042,604.40 | 72.3x | -84.7x | 6.1x |
| Sat, 09 Nov 2024 | AU$16.8b | AU$2.6b | -AU$181,862,201.60 | 66.3x | -92.3x | 6.4x |
| Mon, 07 Oct 2024 | AU$16.9b | AU$2.6b | -AU$174,907,698.60 | 63.2x | -96.4x | 6.5x |
| Wed, 04 Sep 2024 | AU$15.3b | AU$2.6b | -AU$170,704,850.60 | 58.4x | -89.7x | 5.9x |
| Fri, 02 Aug 2024 | AU$16.6b | AU$4.4b | -AU$218,801,831.20 | 38.2x | -75.7x | 3.8x |
| Sun, 30 Jun 2024 | AU$15.2b | AU$4.4b | -AU$214,952,455.80 | 37.4x | -70.6x | 3.5x |
| Tue, 28 May 2024 | AU$15.2b | AU$4.4b | -AU$215,531,042.90 | 32.6x | -70.6x | 3.5x |
| Thu, 25 Apr 2024 | AU$14.6b | AU$4.4b | -AU$219,616,576.30 | 40.5x | -66.4x | 3.3x |
| Sat, 23 Mar 2024 | AU$15.3b | AU$4.4b | -AU$219,226,915.60 | 40.8x | -69.7x | 3.5x |
| Mon, 19 Feb 2024 | AU$13.4b | AU$4.4b | -AU$455,509,350.00 | 28.7x | -29.4x | 3.1x |
| Wed, 17 Jan 2024 | AU$12.2b | AU$4.4b | -AU$454,863,289.00 | 34x | -26.8x | 2.7x |
| Fri, 15 Dec 2023 | AU$11.9b | AU$4.4b | -AU$447,956,010.00 | 33.7x | -26.5x | 2.7x |
| Sun, 12 Nov 2023 | AU$11.5b | AU$4.5b | -AU$468,287,461.00 | 30.3x | -24.5x | 2.5x |
| Tue, 10 Oct 2023 | AU$11.4b | AU$4.5b | -AU$468,423,968.00 | 29.2x | -24.4x | 2.5x |
| Thu, 07 Sep 2023 | AU$12.2b | AU$4.5b | -AU$465,893,993.00 | 22.6x | -26.2x | 2.7x |
| Sat, 05 Aug 2023 | AU$12.0b | AU$4.3b | -AU$457,847,439.00 | 24.9x | -26.3x | 2.8x |
| Mon, 03 Jul 2023 | AU$9.6b | AU$3.9b | -AU$464,320,059.00 | 17.5x | -20.8x | 2.5x |
| Wed, 31 May 2023 | AU$9.4b | AU$3.9b | -AU$471,191,791.00 | 18.2x | -20x | 2.4x |
| Fri, 28 Apr 2023 | AU$8.0b | AU$3.9b | -AU$469,848,136.00 | 24.6x | -17x | 2x |
| Sun, 26 Mar 2023 | AU$7.3b | AU$3.9b | -AU$468,755,115.00 | 22.7x | -15.5x | 1.9x |
| Tue, 21 Feb 2023 | AU$24.6b | AU$10.1b | AU$110.1m | 24.9x | 223.3x | 2.4x |
| Thu, 19 Jan 2023 | AU$24.4b | AU$9.3b | -AU$73,139,695.00 | 33.1x | -333x | 2.6x |
| Sat, 17 Dec 2022 | AU$26.1b | AU$9.5b | -AU$66,640,135.00 | 35.8x | -392.2x | 2.7x |
| Mon, 14 Nov 2022 | AU$25.9b | AU$9.3b | AU$24.5m | 40.6x | 1056.9x | 2.8x |
| Wed, 12 Oct 2022 | AU$25.2b | AU$9.6b | AU$45.7m | 37.2x | 550.7x | 2.6x |
| Fri, 09 Sep 2022 | AU$26.2b | AU$9.3b | AU$24.2m | 38.2x | 1079.4x | 2.8x |
Price to Earnings Ratio
1079.4x
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 | -0.41% | |
| Tech | -3.11% | |
| IT | 8.51% | |
| Internet Services and Infrastructure | 8.96% | |
| IT Consulting | 5.55% | |
| Data Processing Services | 0.32% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 15.5x.
- Analysts are expecting annual earnings growth of 19.1%, 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 19% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Data Processing Services industry is expected to see its earnings grow by 7.0% 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$16.55 | 18.3% +AU$1.6b | -0.06% | PS24.8x | |
| DTL Data#3 | AU$9.15 | 6.1% +AU$82.1m | 14.7% | PE29.4x | |
| APX Appen | AU$0.90 | 2.3% +AU$5.3m | -5.3% | PS0.7x | |
| AI1 Adisyn | AU$0.072 | 5.9% +AU$2.9m | 89.5% | PS15.9x |