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Australian (ASX) Application Software Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies60
  • 7D3.7%
  • 3M-27.9%
  • 1Y-35.2%
  • YTDn/a

The Application Software industry is up 3.7% in the last week, with Xero up 9.8%. During this same period, the Life360 underperformed, falling 6.4%. 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 Application Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026AU$56.7bAU$8.3bAU$647.6m32.1x87.5x6.8x
Thu, 29 Jan 2026AU$66.9bAU$7.9bAU$694.1m32.6x96.3x8.4x
Sat, 27 Dec 2025AU$74.7bAU$8.1bAU$708.3m37.8x105.5x9.3x
Mon, 24 Nov 2025AU$75.5bAU$8.1bAU$719.6m35.1x104.9x9.3x
Wed, 22 Oct 2025AU$94.8bAU$8.0bAU$697.5m35.2x136x11.9x
Fri, 19 Sep 2025AU$100.1bAU$7.9bAU$694.4m34.3x144.2x12.6x
Sun, 17 Aug 2025AU$104.2bAU$7.9bAU$618.2m76.3x168.5x13.2x
Tue, 15 Jul 2025AU$100.0bAU$7.8bAU$586.8m54.8x170.4x12.8x
Thu, 12 Jun 2025AU$99.9bAU$7.8bAU$590.6m77.8x169.2x12.7x
Sat, 10 May 2025AU$88.4bAU$7.6bAU$534.3m69.7x165.4x11.6x
Mon, 07 Apr 2025AU$72.6bAU$7.9bAU$481.1m57.2x150.8x9.2x
Wed, 05 Mar 2025AU$85.5bAU$7.8bAU$473.6m56.9x180.5x11x
Fri, 31 Jan 2025AU$99.6bAU$7.5bAU$362.2m71x274.9x13.3x
Sun, 29 Dec 2024AU$97.5bAU$7.6bAU$346.4m67.3x281.4x12.9x
Tue, 26 Nov 2024AU$97.7bAU$7.5bAU$348.7m63.8x280x13x
Thu, 24 Oct 2024AU$85.5bAU$7.2bAU$283.4m63.8x301.6x11.8x
Sat, 21 Sep 2024AU$92.3bAU$7.3bAU$277.5m67.9x332.7x12.7x
Mon, 19 Aug 2024AU$76.9bAU$7.1b-AU$5,964,588.7562.1x-12887.6x10.8x
Wed, 17 Jul 2024AU$85.2bAU$7.6b-AU$163,604.5860.6x-520841.5x11.2x
Fri, 14 Jun 2024AU$83.0bAU$7.6bAU$4.6m60.2x18142.5x10.9x
Sun, 12 May 2024AU$80.9bAU$7.4b-AU$220,529,406.5961.3x-367.1x10.9x
Tue, 09 Apr 2024AU$78.6bAU$7.4b-AU$288,032,927.2861.5x-272.9x10.6x
Thu, 07 Mar 2024AU$80.1bAU$7.6b-AU$307,203,034.6759.5x-260.6x10.6x
Sat, 03 Feb 2024AU$70.0bAU$8.1b-AU$927,267,028.0061.5x-75.5x8.6x
Mon, 01 Jan 2024AU$69.4bAU$8.1b-AU$925,663,699.0060x-75x8.6x
Wed, 29 Nov 2023AU$62.6bAU$8.1b-AU$926,662,735.0058.1x-67.6x7.7x
Fri, 27 Oct 2023AU$60.3bAU$7.8b-AU$996,203,367.0054.9x-60.5x7.7x
Sun, 24 Sep 2023AU$65.9bAU$7.8b-AU$994,500,292.0059.9x-66.2x8.4x
Tue, 22 Aug 2023AU$71.2bAU$7.6b-AU$713,048,488.0049.4x-99.8x9.4x
Thu, 20 Jul 2023AU$72.5bAU$7.4b-AU$760,951,894.0048x-95.3x9.7x
Sat, 17 Jun 2023AU$69.7bAU$7.4b-AU$767,004,166.0049.5x-90.9x9.4x
Mon, 15 May 2023AU$62.6bAU$7.3b-AU$733,155,176.0046.9x-85.4x8.6x
Wed, 12 Apr 2023AU$60.2bAU$7.3b-AU$728,097,489.0043.5x-82.7x8.3x
Fri, 10 Mar 2023AU$59.5bAU$7.2b-AU$731,785,830.0045.6x-81.3x8.2x
Price to Earnings Ratio

-81.3x


Total Market Cap: AU$59.5bTotal Earnings: -AU$731,785,830.00Total Revenue: AU$7.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1586.7x202420252026
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 87.5x 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 6.8x.
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 4.7% 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 Market1.41%
Tech2.42%
Software3.58%
Application Software3.67%
Systems Software-4.74%
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
XRO XeroAU$78.869.8%
+AU$1.2b		-54.7%PE59.8x
TNE Technology OneAU$24.779.7%
+AU$711.6m		-17.3%PE58.7x
WTC WiseTech GlobalAU$44.263.0%
+AU$423.8m		-50.8%PE64.4x
FCL FINEOS Corporation HoldingsAU$2.5916.1%
+AU$124.1m		55.6%PE575.1x
IRE IressAU$7.378.9%
+AU$111.5m		-9.0%PE17.3x

Latest News

360
AU$20.36
Life360
7D
-6.4%
1Y
-9.2%
COS
AU$0.29
COSOL
7D
-15.9%
1Y
-67.0%
WTC
AU$44.26
WiseTech Global
7D
3.0%
1Y
-50.8%
IOV
AU$0.24
Ion Video
7D
-31.4%
1Y
140.0%
IRE
AU$7.37
Iress
7D
8.9%
1Y
-9.0%
EOL
AU$15.00
Energy One
7D
14.1%
1Y
57.7%
OCL
AU$12.71
Objective
7D
-1.6%
1Y
-17.9%
AIM
AU$0.30
Ai-Media Technologies
7D
-45.0%
1Y
-56.5%
CCR
AU$0.20
Credit Clear
7D
-11.1%
1Y
-24.5%
YOJ
AU$0.30
Yojee
7D
-9.1%
1Y
87.5%
RDY
AU$1.24
ReadyTech Holdings
7D
-22.0%
1Y
-55.1%
SDR
AU$3.23
SiteMinder
7D
9.9%
1Y
-33.7%
FCL
AU$2.59
FINEOS Corporation Holdings
7D
16.1%
1Y
55.6%
XRO
AU$78.86
Xero
7D
9.8%
1Y
-54.7%
BVS
AU$2.03
Bravura Solutions
7D
9.7%
1Y
-19.8%

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$24.77
Technology One
7D
9.7%
1Y
-17.3%