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Australian (ASX) Software Industry Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies65
  • 7D-2.1%
  • 3M-27.8%
  • 1Y-30.4%
  • YTD-6.4%

Over the last 7 days, the Software industry has dropped 5.7%, driven by WiseTech Global declining 7.7%. In contrast, Life360 has gained 16%. However, the industry is down 33% over the past year. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

Has the Australian Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Jan 2026AU$70.5bAU$8.1bAU$646.3m32.6x109x8.7x
Mon, 22 Dec 2025AU$76.4bAU$8.2bAU$659.1m37.8x115.9x9.3x
Wed, 19 Nov 2025AU$75.2bAU$8.4bAU$676.4m36.7x111.2x9x
Fri, 17 Oct 2025AU$97.2bAU$8.1bAU$637.9m35.2x152.3x12x
Sun, 14 Sep 2025AU$100.2bAU$8.1bAU$637.5m33.1x157.2x12.4x
Tue, 12 Aug 2025AU$105.9bAU$8.0bAU$547.3m76x193.5x13.3x
Thu, 10 Jul 2025AU$102.4bAU$8.0bAU$535.6m75.5x191.2x12.8x
Sat, 07 Jun 2025AU$100.8bAU$8.0bAU$539.4m78.7x187x12.6x
Mon, 05 May 2025AU$87.8bAU$7.8bAU$481.5m67.9x182.4x11.3x
Wed, 02 Apr 2025AU$79.9bAU$7.9bAU$418.1m60.9x191.2x10.1x
Fri, 28 Feb 2025AU$88.5bAU$7.8bAU$367.8m39.7x240.7x11.4x
Sun, 26 Jan 2025AU$97.9bAU$7.6bAU$289.0m69.9x338.9x12.8x
Tue, 24 Dec 2024AU$98.1bAU$7.7bAU$268.2m70x365.6x12.7x
Thu, 21 Nov 2024AU$102.9bAU$7.7bAU$277.0m63.1x371.6x13.4x
Sat, 19 Oct 2024AU$91.4bAU$7.4bAU$212.0m64x431x12.4x
Mon, 16 Sep 2024AU$90.4bAU$7.4bAU$198.8m66.5x454.4x12.1x
Wed, 14 Aug 2024AU$74.8bAU$7.3b-AU$205,907,500.6558.9x-363.5x10.2x
Fri, 12 Jul 2024AU$86.3bAU$7.7b-AU$96,221,800.4961.5x-897.2x11.2x
Sun, 09 Jun 2024AU$83.5bAU$7.8b-AU$91,836,167.2360.9x-909x10.7x
Tue, 07 May 2024AU$80.6bAU$7.6b-AU$322,782,162.8263.2x-249.7x10.7x
Thu, 04 Apr 2024AU$78.4bAU$7.6b-AU$387,821,169.6761.7x-202.1x10.3x
Sat, 02 Mar 2024AU$81.1bAU$7.7b-AU$451,230,269.7858x-179.8x10.5x
Mon, 29 Jan 2024AU$69.7bAU$8.4b-AU$1,048,321,878.0060.7x-66.5x8.3x
Wed, 27 Dec 2023AU$68.8bAU$8.4b-AU$1,046,792,316.0060.7x-65.8x8.2x
Fri, 24 Nov 2023AU$63.8bAU$8.3b-AU$1,057,365,231.0058.5x-60.3x7.6x
Sun, 22 Oct 2023AU$62.3bAU$8.1b-AU$1,119,548,981.0057.3x-55.6x7.7x
Tue, 19 Sep 2023AU$67.8bAU$8.1b-AU$1,116,641,784.0059.5x-60.7x8.4x
Thu, 17 Aug 2023AU$72.5bAU$7.8b-AU$852,990,640.0049.9x-84.9x9.3x
Sat, 15 Jul 2023AU$71.7bAU$7.7b-AU$887,511,192.0048x-80.8x9.3x
Mon, 12 Jun 2023AU$67.3bAU$7.7b-AU$894,623,184.0049.5x-75.2x8.8x
Wed, 10 May 2023AU$61.4bAU$7.5b-AU$876,022,645.0047.5x-70.1x8.2x
Fri, 07 Apr 2023AU$60.7bAU$7.5b-AU$872,034,080.0044.1x-69.6x8.1x
Sun, 05 Mar 2023AU$57.5bAU$7.3b-AU$653,261,777.0045.9x-88x7.9x
Tue, 31 Jan 2023AU$58.5bAU$7.1b-AU$703,746,343.0054x-83.1x8.3x
Price to Earnings Ratio

-83.1x


Total Market Cap: AU$58.5bTotal Earnings: -AU$703,746,343.00Total Revenue: AU$7.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Software Industry Price to Earnings3Y Average 11.1x202420252026
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 104x which is higher than its 3-year average PE of 10.9x.
  • The 3-year average PS ratio of 10.4x is higher than the industry's current PS ratio of 8.3x.
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 4.9% 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-0.29%
Tech-0.57%
Software-2.10%
Application Software-1.82%
Systems Software-25.55%
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 24.1%, 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 56% 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?

CompanyLast Price7D1YValuation
360 Life360AU$33.7915.6%
+AU$1.1b		35.5%PE186.8x
EIQ Echo IQAU$0.5248.6%
+AU$110.5m		108.0%PS3334.5x
NXL NuixAU$1.9713.2%
+AU$77.0m		-63.5%PS3x
3DP PointerraAU$0.0633.3%
+AU$12.2m		-36.8%PS5x
PPS PraemiumAU$0.791.3%
+AU$11.9m		-7.6%PE28.4x

Latest News

360
AU$33.79
Life360
7D
15.6%
1Y
35.5%
WTC
AU$61.89
WiseTech Global
7D
-7.7%
1Y
-48.5%
PPS
AU$0.79
Praemium
7D
1.3%
1Y
-7.6%

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QOR
AU$0.35
Qoria
7D
-31.7%
1Y
-20.2%

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Jan 20
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OCL
AU$16.29
Objective
7D
-2.8%
1Y
-0.7%

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Jan 20
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SDR
AU$5.50
SiteMinder
7D
-5.2%
1Y
-6.5%

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Jan 16
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NXL
AU$1.97
Nuix
7D
13.2%
1Y
-63.5%
XRO
AU$101.22
Xero
7D
-2.3%
1Y
-41.4%
ODA
AU$0.074
Orcoda
7D
48.0%
1Y
-38.3%

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Jan 12
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HSN
AU$5.28
Hansen Technologies
7D
-3.8%
1Y
0.8%
3DP
AU$0.06
Pointerra
7D
33.3%
1Y
-36.8%

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Jan 09
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ROC
AU$0.43
RocketBoots
7D
4.9%
1Y
582.5%
BRN
AU$0.17
BrainChip Holdings
7D
2.9%
1Y
-55.1%
CAT
AU$3.86
Catapult Sports
7D
-3.3%
1Y
2.1%

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Narrative Update on Catapult Sports Analysts have revised their price target for Catapult Sports downward from A$7.97 to A$7.02, citing adjustments for fair value and discount rate. However, they maintain a positive outlook due to expectations of sustainable, above-consensus revenue growth in the sports technology sector.
EIQ
AU$0.52
Echo IQ
7D
48.6%
1Y
108.0%
FCL
AU$2.60
FINEOS Corporation Holdings
7D
-10.3%
1Y
47.7%

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Nov 23
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