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Australian (ASX) Software Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies65
  • 7D3.6%
  • 3M-28.1%
  • 1Y-35.2%
  • YTD-23.0%

The Software industry is up 3.6% in the last week, with Xero up 6.2%. In the same time, Objective was down 8.0%. In the past year, the industry is down 35%. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026AU$57.2bAU$8.4bAU$572.9m32.1x99.9x6.8x
Wed, 28 Jan 2026AU$69.8bAU$8.1bAU$643.5m33.3x108.5x8.6x
Fri, 26 Dec 2025AU$75.6bAU$8.2bAU$655.3m37.8x115.4x9.2x
Sun, 23 Nov 2025AU$75.8bAU$8.3bAU$661.0m35.1x114.7x9.2x
Tue, 21 Oct 2025AU$95.3bAU$8.1bAU$638.9m35.2x149.1x11.7x
Thu, 18 Sep 2025AU$101.0bAU$8.1bAU$636.6m33.6x158.6x12.5x
Sat, 16 Aug 2025AU$105.2bAU$8.1bAU$577.5m76.3x182.2x13x
Mon, 14 Jul 2025AU$101.2bAU$8.0bAU$534.5m53.8x189.4x12.7x
Wed, 11 Jun 2025AU$102.2bAU$8.0bAU$538.5m78.2x189.7x12.8x
Fri, 09 May 2025AU$87.7bAU$7.8bAU$483.0m68.9x181.5x11.3x
Sun, 06 Apr 2025AU$73.1bAU$8.0bAU$429.4m57.2x170.3x9.1x
Tue, 04 Mar 2025AU$86.8bAU$7.9bAU$400.6m58.6x216.7x11x
Thu, 30 Jan 2025AU$100.1bAU$7.6bAU$288.2m69.2x347.3x13.1x
Sat, 28 Dec 2024AU$98.2bAU$7.7bAU$272.3m67.3x360.6x12.7x
Mon, 25 Nov 2024AU$97.5bAU$7.6bAU$275.8m64x353.4x12.8x
Wed, 23 Oct 2024AU$86.8bAU$7.4bAU$211.6m63.1x410.1x11.7x
Fri, 20 Sep 2024AU$92.4bAU$7.4bAU$200.9m67.4x459.8x12.4x
Sun, 18 Aug 2024AU$77.4bAU$7.3b-AU$105,050,246.7562.1x-736.8x10.6x
Tue, 16 Jul 2024AU$86.5bAU$7.7b-AU$96,690,282.6259.8x-894.1x11.2x
Thu, 13 Jun 2024AU$83.2bAU$7.8b-AU$91,462,451.4561.3x-909.3x10.7x
Sat, 11 May 2024AU$81.4bAU$7.6b-AU$323,033,451.3461.3x-251.9x10.7x
Mon, 08 Apr 2024AU$78.2bAU$7.6b-AU$384,092,725.0061.5x-203.7x10.3x
Wed, 06 Mar 2024AU$81.9bAU$7.7b-AU$408,976,973.6160.1x-200.4x10.6x
Fri, 02 Feb 2024AU$68.8bAU$8.4b-AU$1,049,150,798.0060.1x-65.5x8.2x
Sun, 31 Dec 2023AU$70.1bAU$8.4b-AU$1,046,719,625.0060x-66.9x8.4x
Tue, 28 Nov 2023AU$63.5bAU$8.4b-AU$1,049,752,374.0057.8x-60.5x7.6x
Thu, 26 Oct 2023AU$61.9bAU$8.1b-AU$1,118,772,899.0055.7x-55.3x7.7x
Sat, 23 Sep 2023AU$66.4bAU$8.1b-AU$1,117,427,544.0059.9x-59.5x8.2x
Mon, 21 Aug 2023AU$71.8bAU$7.8b-AU$841,835,919.0049.3x-85.3x9.2x
Wed, 19 Jul 2023AU$72.6bAU$7.7b-AU$888,435,557.0048.7x-81.7x9.4x
Fri, 16 Jun 2023AU$69.3bAU$7.7b-AU$894,049,827.0049.5x-77.5x9x
Sun, 14 May 2023AU$63.0bAU$7.5b-AU$878,140,434.0046.9x-71.8x8.4x
Tue, 11 Apr 2023AU$60.8bAU$7.5b-AU$873,119,387.0043.8x-69.7x8.1x
Thu, 09 Mar 2023AU$58.0bAU$7.5b-AU$877,148,040.0044.7x-66.2x7.8x
Price to Earnings Ratio

-66.2x


Total Market Cap: AU$58.0bTotal Earnings: -AU$877,148,040.00Total Revenue: AU$7.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Software Industry Price to Earnings3Y Average 17.1x202420252026
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 100x which is higher than its 3-year average PE of 17.1x.
  • The 3-year average PS ratio of 10.3x is higher than the industry's current PS ratio of 6.8x.
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 4.2% 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 Market1.41%
Tech2.42%
Software3.58%
Application Software3.67%
Systems Software-4.74%
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 25.8%, which is higher than its past year's earnings growth of 16.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 86% over the next 5 years.
  • In contrast, the Application Software industry is expected to see its earnings grow by 26% 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
XRO XeroAU$79.976.2%
+AU$797.3m		-53.9%PE60.4x
TNE Technology OneAU$24.966.3%
+AU$486.3m		-17.6%PE59.2x
360 Life360AU$24.728.7%
+AU$472.9m		5.3%PE141.7x
WTC WiseTech GlobalAU$45.291.5%
+AU$220.4m		-50.0%PE65.9x
NXL NuixAU$1.8417.3%
+AU$90.4m		-48.6%PE50.1x

Latest News

IOV
AU$0.24
Ion Video
7D
-36.8%
1Y
140.0%
IRE
AU$7.30
Iress
7D
5.0%
1Y
-10.4%
OCL
AU$12.78
Objective
7D
-8.0%
1Y
-17.4%
AIM
AU$0.31
Ai-Media Technologies
7D
-44.1%
1Y
-53.7%
NXL
AU$1.84
Nuix
7D
17.3%
1Y
-48.6%
WTC
AU$45.29
WiseTech Global
7D
1.5%
1Y
-50.0%
CCR
AU$0.20
Credit Clear
7D
-10.9%
1Y
-25.5%
YOJ
AU$0.30
Yojee
7D
-14.3%
1Y
114.3%
COS
AU$0.30
COSOL
7D
-21.1%
1Y
-65.9%
ACE
AU$1.65
Acusensus
7D
-7.6%
1Y
36.4%
RDY
AU$1.27
ReadyTech Holdings
7D
-23.7%
1Y
-54.3%
FCL
AU$2.55
FINEOS Corporation Holdings
7D
10.9%
1Y
47.4%
XRO
AU$79.97
Xero
7D
6.2%
1Y
-53.9%
360
AU$24.72
Life360
7D
8.7%
1Y
5.3%

360: Index Inclusion And Ride Partnership Will Support Future Upside

Analysts have lowered their price targets for Life360 to A$42.13 from A$49.81, citing updated assumptions that include higher revenue, slightly stronger profit margins and a lower future P/E multiple. What's in the News Life360 and Uber Technologies, Inc.
BVS
AU$2.04
Bravura Solutions
7D
8.5%
1Y
-20.9%

BVS: Canaccord Upgrade And Dividend Payouts Will Support Forward Share Performance

Analysts have trimmed their fair value estimate for Bravura Solutions from A$2.77 to about A$2.68, reflecting updated assumptions around growth, margins and the P/E multiple following recent research that includes a Canaccord upgrade. Analyst Commentary Bullish Takeaways Bullish analysts view the recent upgrade as support for the updated fair value range around A$2.68, suggesting that current assumptions on earnings and the P/E multiple are better aligned with their research.
TNE
AU$24.96
Technology One
7D
6.3%
1Y
-17.6%