Beonic Limited (ASX:BEO) Surges 41% Yet Its Low P/S Is No Reason For Excitement
Feb 04
Have your own idea? Try our Stock Screener
Australian (ASX) Software Industry Analysis
UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies65
- 7D-11.9%
- 3M-32.8%
- 1Y-45.0%
- YTD-22.5%
Over the last 7 days, the Software industry has dropped 12%, driven by WiseTech Global declining 16%. Meanwhile, Qoria actually outperformed within the industry, gaining 26% in the last week. Overall the industry is down 45% in 12 months. Earnings are forecast to grow by 24% annually.
Industry Valuation and Performance
Has the Australian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 06 Feb 2026 | AU$58.3b | AU$8.1b | AU$640.3m | 36.2x | 91x | 7.2x |
| Sun, 04 Jan 2026 | AU$75.1b | AU$8.2b | AU$653.1m | 37.5x | 115x | 9.2x |
| Tue, 02 Dec 2025 | AU$80.0b | AU$8.2b | AU$662.7m | 34.4x | 120.7x | 9.7x |
| Thu, 30 Oct 2025 | AU$91.7b | AU$8.1b | AU$632.8m | 35.9x | 144.9x | 11.3x |
| Sat, 27 Sep 2025 | AU$100.8b | AU$8.1b | AU$640.3m | 34.3x | 157.4x | 12.4x |
| Mon, 25 Aug 2025 | AU$105.4b | AU$8.1b | AU$661.6m | 35.1x | 159.3x | 13.1x |
| Wed, 23 Jul 2025 | AU$106.8b | AU$8.0b | AU$534.9m | 73.4x | 199.7x | 13.4x |
| Fri, 20 Jun 2025 | AU$100.7b | AU$8.0b | AU$539.3m | 77.1x | 186.7x | 12.6x |
| Sun, 18 May 2025 | AU$94.1b | AU$8.0b | AU$515.3m | 91.8x | 182.5x | 11.8x |
| Tue, 15 Apr 2025 | AU$80.5b | AU$7.9b | AU$420.0m | 61.4x | 191.6x | 10.1x |
| Thu, 13 Mar 2025 | AU$80.3b | AU$7.9b | AU$416.7m | 57.5x | 192.6x | 10.2x |
| Sat, 08 Feb 2025 | AU$103.3b | AU$7.6b | AU$280.3m | 70.6x | 368.5x | 13.5x |
| Mon, 06 Jan 2025 | AU$98.8b | AU$7.7b | AU$271.7m | 68.4x | 363.8x | 12.8x |
| Wed, 04 Dec 2024 | AU$102.0b | AU$7.7b | AU$286.0m | 64x | 356.7x | 13.3x |
| Fri, 01 Nov 2024 | AU$89.9b | AU$7.4b | AU$209.8m | 65.3x | 428.4x | 12.1x |
| Sun, 29 Sep 2024 | AU$94.6b | AU$7.4b | AU$202.6m | 69x | 467x | 12.8x |
| Tue, 27 Aug 2024 | AU$86.9b | AU$7.5b | AU$125.6m | 63.4x | 692.2x | 11.6x |
| Thu, 25 Jul 2024 | AU$84.8b | AU$7.7b | -AU$89,388,542.38 | 62.4x | -949.2x | 11x |
| Sat, 22 Jun 2024 | AU$82.6b | AU$7.8b | -AU$92,702,120.32 | 63.4x | -890.6x | 10.6x |
| Mon, 20 May 2024 | AU$81.1b | AU$7.6b | -AU$316,667,987.49 | 59.6x | -256x | 10.7x |
| Wed, 17 Apr 2024 | AU$77.4b | AU$7.6b | -AU$369,339,832.47 | 62.2x | -209.7x | 10.1x |
| Fri, 15 Mar 2024 | AU$82.4b | AU$7.6b | -AU$389,537,876.51 | 61.7x | -211.6x | 10.8x |
| Sun, 11 Feb 2024 | AU$68.7b | AU$7.6b | -AU$769,248,217.29 | 55.6x | -89.3x | 9x |
| Tue, 09 Jan 2024 | AU$66.4b | AU$8.4b | -AU$1,047,763,984.00 | 56.6x | -63.4x | 7.9x |
| Thu, 07 Dec 2023 | AU$65.6b | AU$8.4b | -AU$1,048,565,105.00 | 58.2x | -62.5x | 7.8x |
| Sat, 04 Nov 2023 | AU$62.9b | AU$8.2b | -AU$1,166,847,078.00 | 54.7x | -53.9x | 7.7x |
| Mon, 02 Oct 2023 | AU$65.3b | AU$8.1b | -AU$1,117,674,984.00 | 58.5x | -58.5x | 8.1x |
| Wed, 30 Aug 2023 | AU$69.1b | AU$8.0b | -AU$1,156,175,981.00 | 62.7x | -59.7x | 8.6x |
| Fri, 28 Jul 2023 | AU$74.2b | AU$7.7b | -AU$887,967,261.00 | 47.5x | -83.5x | 9.7x |
| Sun, 25 Jun 2023 | AU$67.7b | AU$7.7b | -AU$900,685,811.00 | 49.5x | -75.2x | 8.8x |
| Tue, 23 May 2023 | AU$65.4b | AU$7.7b | -AU$945,986,776.00 | 44.9x | -69.1x | 8.5x |
| Thu, 20 Apr 2023 | AU$61.8b | AU$7.5b | -AU$871,591,765.00 | 49x | -70.9x | 8.2x |
| Sat, 18 Mar 2023 | AU$58.6b | AU$7.5b | -AU$874,123,170.00 | 46.5x | -67x | 7.9x |
| Mon, 13 Feb 2023 | AU$56.4b | AU$7.1b | -AU$707,570,481.00 | 53x | -79.6x | 7.9x |
Price to Earnings Ratio
-79.6x
Current Industry PE
- Investors are optimistic on the Australian Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 91.0x which is higher than its 3-year average PE of 13.3x.
- The 3-year average PS ratio of 10.4x is higher than the industry's current PS ratio of 7.2x.
Past Earnings Growth
- Total earnings for the Software industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 4.4% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Australian Tech industry?
| AU Market | -1.00% | |
| Tech | -9.99% | |
| Software | -11.86% | |
| Systems Software | 14.84% | |
| Application Software | -12.10% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 2kx.
- Analysts are expecting annual earnings growth of 23.5%, which is higher than its past year's earnings growth of 20.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 29% over the next 5 years.
- In contrast, the Application Software industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| QOR Qoria | AU$0.41 | 26.2% +AU$114.7m | -12.8% | PS4.7x | |
| VR1 Vection Technologies | AU$0.034 | 13.3% +AU$9.2m | 17.2% | PS2x | |
| IOD IODM | AU$0.16 | 6.7% +AU$6.3m | 3.2% | PS31.1x | |
| DWG DataWorks Group | AU$0.20 | 44.4% +AU$6.2m | 39.3% | PS2.8x | |
| XPN XPON Technologies Group | AU$0.022 | 69.2% +AU$4.4m | 100.0% | PS1.2x |
