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Australian (ASX) Application Software Industry Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies61
  • 7D2.2%
  • 3M-2.7%
  • 1Y8.1%
  • YTDn/a

The Application Software industry is up 2.2% in the last week, with Life360 up 8.0%. During this same period, the FINEOS Corporation Holdings underperformed, falling 8.0%. In the last 12 months, the industry was up 8.1%. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Sep 2025AU$99.2bAU$7.9bAU$696.5m33.1x142.5x12.5x
Wed, 13 Aug 2025AU$104.7bAU$7.9bAU$616.7m77.4x169.8x13.3x
Fri, 11 Jul 2025AU$101.5bAU$7.9bAU$588.2m53.4x172.6x12.9x
Sun, 08 Jun 2025AU$100.2bAU$7.8bAU$591.0m78.7x169.5x12.8x
Tue, 06 May 2025AU$86.1bAU$7.6bAU$531.9m66.7x161.8x11.3x
Thu, 03 Apr 2025AU$79.5bAU$7.7bAU$468.4m61.9x169.8x10.3x
Sat, 01 Mar 2025AU$85.1bAU$7.7bAU$464.9m46.8x183x11.1x
Mon, 27 Jan 2025AU$97.3bAU$7.5bAU$363.0m69.9x268x13x
Wed, 25 Dec 2024AU$97.7bAU$7.6bAU$342.4m67.8x285.3x12.9x
Fri, 22 Nov 2024AU$102.5bAU$7.5bAU$349.2m65.6x293.6x13.7x
Sun, 20 Oct 2024AU$90.7bAU$7.2bAU$284.2m64x319x12.5x
Tue, 17 Sep 2024AU$90.3bAU$7.3bAU$276.9m65.8x326.1x12.4x
Thu, 15 Aug 2024AU$75.6bAU$7.1b-AU$107,612,852.2860.2x-702.7x10.6x
Sat, 13 Jul 2024AU$84.7bAU$7.6bAU$294.4k61.7x287761.9x11.2x
Mon, 10 Jun 2024AU$82.8bAU$7.7bAU$4.2m60.9x19630.8x10.8x
Wed, 08 May 2024AU$81.2bAU$7.4b-AU$226,928,305.5562.6x-357.7x10.9x
Fri, 05 Apr 2024AU$78.7bAU$7.4b-AU$287,087,422.5461.7x-274.2x10.6x
Sun, 03 Mar 2024AU$80.8bAU$7.6b-AU$339,560,305.7762.8x-237.8x10.6x
Tue, 30 Jan 2024AU$68.0bAU$8.1b-AU$926,890,140.0059.5x-73.4x8.4x
Thu, 28 Dec 2023AU$69.1bAU$8.1b-AU$925,437,236.0060.2x-74.7x8.5x
Sat, 25 Nov 2023AU$62.2bAU$8.1b-AU$934,496,818.0057.8x-66.6x7.7x
Mon, 23 Oct 2023AU$61.7bAU$7.8b-AU$996,529,113.0057.3x-61.9x7.9x
Wed, 20 Sep 2023AU$67.2bAU$7.8b-AU$993,883,172.0059x-67.6x8.6x
Fri, 18 Aug 2023AU$71.3bAU$7.6b-AU$708,870,146.0049.5x-100.6x9.4x
Sun, 16 Jul 2023AU$71.1bAU$7.4b-AU$760,614,395.0048x-93.5x9.6x
Tue, 13 Jun 2023AU$66.9bAU$7.4b-AU$765,915,050.0049.5x-87.3x9x
Thu, 11 May 2023AU$61.1bAU$7.3b-AU$731,180,540.0046.2x-83.5x8.4x
Sat, 08 Apr 2023AU$60.4bAU$7.3b-AU$727,932,480.0043.8x-82.9x8.3x
Mon, 06 Mar 2023AU$57.0bAU$7.0b-AU$512,281,009.0037.8x-111.3x8.1x
Wed, 01 Feb 2023AU$57.5bAU$6.9b-AU$560,902,659.0052.9x-102.6x8.4x
Fri, 30 Dec 2022AU$51.2bAU$6.9b-AU$571,119,218.0049.3x-89.7x7.4x
Sun, 27 Nov 2022AU$54.1bAU$6.9b-AU$582,469,932.0053.6x-92.8x7.9x
Tue, 25 Oct 2022AU$53.3bAU$6.7b-AU$568,018,050.0048.1x-93.8x7.9x
Thu, 22 Sep 2022AU$55.3bAU$6.6b-AU$513,239,675.0048.7x-107.8x8.4x
Price to Earnings Ratio

-107.8x


Total Market Cap: AU$55.3bTotal Earnings: -AU$513,239,675.00Total Revenue: AU$6.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1554.2x202320242025
Current Industry PE
  • Investors are pessimistic on the Australian Application Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 142x which is lower than its 3-year average PE of 2kx.
  • The 3-year average PS ratio of 10.2x is lower than the industry's current PS ratio of 12.5x.
Past Earnings Growth
  • Total earnings for the Application Software industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 6.3% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does Australian Application Software compare with similar industries?

AU Market-0.046%
Tech2.33%
Software2.19%
Application Software2.15%
Systems Software6.31%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
WTC WiseTech GlobalAU$97.642.4%
+AU$759.7m		-25.7%PE107.5x
360 Life360AU$50.163.4%
+AU$384.2m		195.9%PE282.3x
CAT Catapult SportsAU$6.7910.6%
+AU$173.4m		185.3%PS10.4x
BVS Bravura SolutionsAU$2.2410.3%
+AU$94.1m		64.7%PE13.5x
SDR SiteMinderAU$6.972.3%
+AU$44.7m		37.7%PS8.7x

Latest News

BVS
AU$2.24
Bravura Solutions
7D
10.3%
1Y
64.7%

Estimating The Fair Value Of Bravura Solutions Limited (ASX:BVS)

Sep 12
Estimating The Fair Value Of Bravura Solutions Limited (ASX:BVS)
SDR
AU$6.97
SiteMinder
7D
2.3%
1Y
37.7%

Estimating The Fair Value Of SiteMinder Limited (ASX:SDR)

Sep 11
Estimating The Fair Value Of SiteMinder Limited (ASX:SDR)
CAT
AU$6.79
Catapult Sports
7D
10.6%
1Y
185.3%

Some Shareholders Feeling Restless Over Catapult Sports Ltd's (ASX:CAT) P/S Ratio

Sep 07
Some Shareholders Feeling Restless Over Catapult Sports Ltd's (ASX:CAT) P/S Ratio
XRO
AU$161.24
Xero
7D
0.2%
1Y
11.7%

If EPS Growth Is Important To You, Xero (ASX:XRO) Presents An Opportunity

Sep 06
If EPS Growth Is Important To You, Xero (ASX:XRO) Presents An Opportunity
OCL
AU$20.83
Objective
7D
-2.0%
1Y
43.7%

The Digital Gatekeeper: Objective Corp's Iron Grip on Government

Objective Corp is the unseen operating system for modern government. From local councils to federal agencies in Australia, NZ, and the UK, its software manages the critical documents, regulations, and processes that public services depend on.
360
AU$50.16
Life360
7D
3.4%
1Y
195.9%

Digital Safety And Family Connectivity Will Expand International Markets

Despite the consensus analyst price target for Life360 remaining unchanged at A$44.24, the sharp increase in its future P/E ratio from 97.26x to 150.38x suggests heightened valuation concerns relative to expected earnings. What's in the News Life360 launched No Show Alerts, a customizable feature that notifies parents only if a loved one fails to arrive at a designated location, aiming to simplify family logistics and reduce parental stress; the feature is free in the US and rolling out globally.
EOL
AU$15.98
Energy One
7D
5.2%
1Y
219.6%
SNS
AU$0.076
SenSen Networks
7D
-20.0%
1Y
68.9%

SenSen Networks Limited (ASX:SNS) Stock Catapults 33% Though Its Price And Business Still Lag The Industry

Aug 31
SenSen Networks Limited (ASX:SNS) Stock Catapults 33% Though Its Price And Business Still Lag The Industry
EIQ
AU$0.28
Echo IQ
7D
12.2%
1Y
41.0%
FCL
AU$2.80
FINEOS Corporation Holdings
7D
-7.3%
1Y
93.1%
WTC
AU$97.64
WiseTech Global
7D
2.4%
1Y
-25.7%
PPS
AU$0.77
Praemium
7D
-5.0%
1Y
56.1%
TNE
AU$37.53
Technology One
7D
-0.3%
1Y
62.0%

Overvaluation Will Encounter Regulatory Headwinds And SaaS Resilience

Technology One’s consensus price target saw a marginal increase, supported by broadly unchanged key valuation metrics, with the future P/E and discount rate remaining steady, resulting in a minor fair value revision from A$36.28 to A$36.92. Valuation Changes Summary of Valuation Changes for Technology One The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from A$36.28 to A$36.92.
ESK
AU$0.38
Etherstack
7D
-16.5%
1Y
117.1%
NXL
AU$2.42
Nuix
7D
-2.0%
1Y
-54.9%

Shift To Subscriptions And Focus On Neo Will Improve Future Operational Efficiencies

The downward revision in Nuix’s price target primarily reflects reduced consensus estimates for both revenue growth and net profit margin, resulting in the fair value decreasing from A$3.86 to A$3.45. Valuation Changes Summary of Valuation Changes for Nuix The Consensus Analyst Price Target has significantly fallen from A$3.86 to A$3.45.
BRN
AU$0.19
BrainChip Holdings
7D
-9.5%
1Y
11.8%