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Australian (ASX) Application Software Industry Analysis
UpdatedJan 23, 2026
DataAggregated Company Financials
Companies60
- 7D-5.4%
- 3M-30.5%
- 1Y-33.7%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 5.4%, driven by WiseTech Global declining 7.5%. Meanwhile, Echo IQ actually outperformed within the industry, gaining 36% in the last week. Overall the industry is down 34% in 12 months. As for the next few years, earnings are expected to grow by 24% per annum.
Industry Valuation and Performance
Has the Australian Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 23 Jan 2026 | AU$66.9b | AU$8.0b | AU$703.0m | 31.9x | 95.2x | 8.4x |
| Sun, 21 Dec 2025 | AU$75.5b | AU$8.1b | AU$713.3m | 37.8x | 105.8x | 9.3x |
| Tue, 18 Nov 2025 | AU$78.9b | AU$8.2b | AU$731.1m | 37.1x | 107.9x | 9.7x |
| Thu, 16 Oct 2025 | AU$97.3b | AU$8.0b | AU$695.3m | 35x | 139.9x | 12.2x |
| Sat, 13 Sep 2025 | AU$99.2b | AU$7.9b | AU$696.8m | 33.1x | 142.4x | 12.5x |
| Mon, 11 Aug 2025 | AU$105.4b | AU$7.8b | AU$587.7m | 75.6x | 179.4x | 13.5x |
| Wed, 09 Jul 2025 | AU$102.3b | AU$7.8b | AU$587.5m | 76.9x | 174.2x | 13.1x |
| Fri, 06 Jun 2025 | AU$100.8b | AU$7.8b | AU$591.1m | 79.5x | 170.6x | 12.8x |
| Sun, 04 May 2025 | AU$87.1b | AU$7.6b | AU$533.1m | 67.9x | 163.4x | 11.4x |
| Tue, 01 Apr 2025 | AU$78.1b | AU$7.8b | AU$470.0m | 61.1x | 166.3x | 10.1x |
| Thu, 27 Feb 2025 | AU$89.2b | AU$7.6b | AU$446.2m | 45.4x | 199.9x | 11.7x |
| Sat, 25 Jan 2025 | AU$97.3b | AU$7.5b | AU$362.9m | 69.9x | 268x | 13x |
| Mon, 23 Dec 2024 | AU$95.9b | AU$7.6b | AU$342.5m | 68.4x | 280x | 12.7x |
| Wed, 20 Nov 2024 | AU$102.8b | AU$7.5b | AU$349.8m | 63.1x | 294x | 13.7x |
| Fri, 18 Oct 2024 | AU$93.9b | AU$7.2b | AU$284.1m | 64.5x | 330.3x | 13x |
| Sun, 15 Sep 2024 | AU$89.8b | AU$7.3b | AU$276.4m | 66.5x | 324.9x | 12.3x |
| Tue, 13 Aug 2024 | AU$74.5b | AU$7.2b | -AU$107,040,857.42 | 59.3x | -695.9x | 10.4x |
| Thu, 11 Jul 2024 | AU$84.7b | AU$7.6b | AU$198.3k | 60.2x | 427268x | 11.2x |
| Sat, 08 Jun 2024 | AU$82.8b | AU$7.6b | AU$13.7m | 62.4x | 6067.6x | 10.8x |
| Mon, 06 May 2024 | AU$79.2b | AU$7.4b | -AU$226,888,916.95 | 63.8x | -349.3x | 10.7x |
| Wed, 03 Apr 2024 | AU$81.1b | AU$7.5b | -AU$287,361,696.87 | 62.4x | -282.1x | 10.9x |
| Fri, 01 Mar 2024 | AU$79.0b | AU$7.6b | -AU$383,453,964.50 | 57.3x | -206x | 10.4x |
| Sun, 28 Jan 2024 | AU$69.1b | AU$8.1b | -AU$927,150,107.00 | 60.7x | -74.5x | 8.5x |
| Tue, 26 Dec 2023 | AU$68.2b | AU$8.1b | -AU$925,684,615.00 | 60.7x | -73.7x | 8.4x |
| Thu, 23 Nov 2023 | AU$63.1b | AU$8.1b | -AU$934,394,803.00 | 58.2x | -67.5x | 7.8x |
| Sat, 21 Oct 2023 | AU$61.7b | AU$7.8b | -AU$996,602,317.00 | 57.3x | -61.9x | 7.9x |
| Mon, 18 Sep 2023 | AU$68.9b | AU$7.8b | -AU$993,660,792.00 | 60.1x | -69.4x | 8.8x |
| Wed, 16 Aug 2023 | AU$74.0b | AU$7.5b | -AU$720,485,137.00 | 51x | -102.6x | 9.8x |
| Fri, 14 Jul 2023 | AU$69.8b | AU$7.4b | -AU$759,172,882.00 | 48x | -92x | 9.4x |
| Sun, 11 Jun 2023 | AU$66.9b | AU$7.4b | -AU$766,296,057.00 | 49.5x | -87.2x | 9x |
| Tue, 09 May 2023 | AU$61.3b | AU$7.3b | -AU$730,662,799.00 | 47.6x | -84x | 8.5x |
| Thu, 06 Apr 2023 | AU$61.1b | AU$7.3b | -AU$725,260,624.00 | 43.7x | -84.3x | 8.4x |
| Sat, 04 Mar 2023 | AU$57.0b | AU$7.2b | -AU$509,420,942.00 | 45.9x | -111.9x | 7.9x |
| Mon, 30 Jan 2023 | AU$56.5b | AU$6.9b | -AU$557,409,564.00 | 54.1x | -101.3x | 8.2x |
Price to Earnings Ratio
-101.3x
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 95.2x which is lower than its 3-year average PE of 2kx.
- The 3-year average PS ratio of 10.5x is higher than the industry's current PS ratio of 8.4x.
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 5.3% 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 | -0.11% | |
| Tech | -2.91% | |
| Software | -5.68% | |
| Application Software | -5.42% | |
| Systems Software | -26.81% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EIQ Echo IQ | AU$0.47 | 36.2% +AU$81.3m | 84.3% | PS3013.9x | |
| NXL Nuix | AU$1.87 | 5.1% +AU$30.1m | -66.3% | PS2.8x | |
| PPS Praemium | AU$0.78 | 2.6% +AU$16.6m | -8.8% | PE27.9x | |
| VNL Vinyl Group | AU$0.091 | 13.8% +AU$15.3m | -7.1% | PS8.8x | |
| RDY ReadyTech Holdings | AU$2.59 | 3.6% +AU$11.1m | -18.8% | PS2.6x |
