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Australian (ASX) Application Software Industry Analysis

UpdatedMar 23, 2026
DataAggregated Company Financials
Companies64
  • 7D-5.3%
  • 3M-30.3%
  • 1Y-37.5%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 5.3%, driven by WiseTech Global declining 9.9%. The industry has fallen 37% in the last year. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Mar 2026AU$51.6bAU$8.4bAU$809.6m22.3x63.7x6.2x
Wed, 18 Feb 2026AU$54.8bAU$7.9bAU$657.3m30.8x83.3x6.9x
Fri, 16 Jan 2026AU$70.8bAU$8.0bAU$705.9m33.9x100.3x8.8x
Sun, 14 Dec 2025AU$75.1bAU$8.1bAU$710.0m35.8x105.8x9.3x
Tue, 11 Nov 2025AU$87.3bAU$7.9bAU$691.2m35.3x126.3x11x
Thu, 09 Oct 2025AU$97.8bAU$7.9bAU$694.0m35.2x140.9x12.3x
Sat, 06 Sep 2025AU$97.1bAU$8.0bAU$700.4m33.4x138.7x12.2x
Mon, 04 Aug 2025AU$105.0bAU$7.8bAU$589.9m75.5x177.9x13.4x
Wed, 02 Jul 2025AU$99.1bAU$7.8bAU$589.9m77.7x168x12.6x
Fri, 30 May 2025AU$100.6bAU$7.9bAU$593.1m100.3x169.6x12.7x
Sun, 27 Apr 2025AU$80.1bAU$7.7bAU$536.8m61.1x149.3x10.5x
Tue, 25 Mar 2025AU$79.3bAU$7.7bAU$468.9m59.5x169.2x10.2x
Thu, 20 Feb 2025AU$101.7bAU$7.5bAU$419.8m54.8x242.3x13.6x
Sat, 18 Jan 2025AU$94.3bAU$7.5bAU$361.1m69x261.2x12.6x
Mon, 16 Dec 2024AU$97.0bAU$7.5bAU$348.5m66.2x278.4x12.9x
Wed, 13 Nov 2024AU$98.2bAU$7.3bAU$282.2m64x348.1x13.5x
Fri, 11 Oct 2024AU$94.8bAU$7.2bAU$284.3m65.1x333.5x13.1x
Sun, 08 Sep 2024AU$87.1bAU$7.3bAU$283.5m66.4x307.2x11.9x
Tue, 06 Aug 2024AU$70.0bAU$7.2b-AU$98,041,961.7860.1x-713.5x9.8x
Thu, 04 Jul 2024AU$84.0bAU$7.6bAU$1.9m59.4x45376.5x11x
Sat, 01 Jun 2024AU$83.0bAU$7.6b-AU$863,330.6962.4x-96189.2x10.9x
Mon, 29 Apr 2024AU$77.6bAU$7.5b-AU$272,535,086.9063.2x-284.6x10.4x
Wed, 27 Mar 2024AU$81.1bAU$7.5b-AU$287,618,415.5261.3x-281.9x10.9x
Fri, 23 Feb 2024AU$74.8bAU$7.5b-AU$461,031,088.5052.7x-162.1x10x
Sun, 21 Jan 2024AU$69.2bAU$8.1b-AU$927,145,296.0058.8x-74.7x8.5x
Tue, 19 Dec 2023AU$68.2bAU$8.1b-AU$926,335,435.0060.3x-73.6x8.4x
Thu, 16 Nov 2023AU$64.5bAU$8.1b-AU$956,677,050.0057.8x-67.5x8x
Sat, 14 Oct 2023AU$65.2bAU$7.8b-AU$989,248,487.0058x-65.9x8.3x
Mon, 11 Sep 2023AU$68.4bAU$7.8b-AU$995,004,156.0060.7x-68.8x8.8x
Wed, 09 Aug 2023AU$73.9bAU$7.5b-AU$764,923,014.0051.5x-96.6x9.9x
Fri, 07 Jul 2023AU$68.9bAU$7.5b-AU$763,080,260.0050.8x-90.3x9.2x
Sun, 04 Jun 2023AU$68.3bAU$7.5b-AU$769,872,876.0051x-88.7x9.2x
Tue, 02 May 2023AU$61.0bAU$7.3b-AU$728,721,503.0046.8x-83.7x8.4x
Thu, 30 Mar 2023AU$58.0bAU$7.3b-AU$727,090,884.0044.1x-79.8x8x
Price to Earnings Ratio

-79.8x


Total Market Cap: AU$58.0bTotal Earnings: -AU$727,090,884.00Total Revenue: AU$7.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1589.5x202420252026
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 63.7x 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 6.2x.
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 4.9% 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-2.36%
Tech-4.42%
Software-5.38%
Application Software-5.31%
Systems Software-11.26%
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
TNE Technology OneAU$27.687.5%
+AU$630.0m		-2.5%PE65.6x
VNL Vinyl GroupAU$0.08716.7%
+AU$17.4m		-16.7%PS6.7x
BRN BrainChip HoldingsAU$0.143.8%
+AU$11.3m		-37.2%PS113.1x
CCR Credit ClearAU$0.217.5%
+AU$7.9m		-10.4%PE22.8x
BVS Bravura SolutionsAU$2.020.5%
+AU$4.5m		-12.9%PE23.3x

Latest News

360
AU$18.81
Life360
7D
-3.0%
1Y
-7.6%
XRO
AU$76.65
Xero
7D
-3.0%
1Y
-51.5%

XRO: Execution On Cloud Platform And AI Analytics Will Support Future Upside

Analysts have nudged their Xero fair value estimate slightly lower, with the target moving by A$0.67 to A$154.27, citing updated views reflected in recent research such as the RBC Capital upgrade. Analyst Commentary Recent research commentaries around the upgrade case focus on how Xero is executing against expectations and how that feeds into the A$154.27 fair value estimate, rather than on any dramatic shift in near term fundamentals.
WTC
AU$40.69
WiseTech Global
7D
-12.7%
1Y
-50.4%

WTC: Higher Margin Outlook And Dividend Guidance Will Support Future Confidence

Analysts have slightly adjusted their WiseTech Global fair value estimate from A$135.97 to A$135.45, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research on other listed companies shows several bullish price target revisions, which can be a useful reference point when thinking about how analysts might frame a company like WiseTech Global.
PPS
AU$0.63
Praemium
7D
-10.6%
1Y
-9.4%

PPS: Higher Margin Outlook And Lower Future P/E Will Support Bullish Upside

Analysts have lifted their price target on Praemium from A$1.05 to A$1.10. They point to updated assumptions around a slightly higher discount rate, more moderate revenue growth, stronger profit margins and a lower future P/E multiple as the key drivers of the change.
NXL
AU$1.31
Nuix
7D
-17.1%
1Y
-58.8%
TNE
AU$27.68
Technology One
7D
7.5%
1Y
-2.5%

TNE: Higher Margin Outlook Will Support Future Upside Potential

Analysts have reduced their price target for Technology One from A$44.55 to A$40.32, citing updated assumptions for discount rate, revenue growth, profit margins and future P/E that result in a slight adjustment to the valuation outlook. Valuation Changes Fair Value: Adjusted from A$44.55 to A$40.32, indicating a modest reduction in the assessed value per share.
DWG
AU$0.17
DataWorks Group
7D
20.7%
1Y
2.9%
BVS
AU$2.02
Bravura Solutions
7D
0.5%
1Y
-12.9%

BVS: Higher Earnings Visibility And Margins May Support Future Share Rebound

Analysts have raised their Bravura Solutions price target from A$3.40 to A$3.66, citing updated assumptions around revenue trends, margins and future P/E that they believe better align the valuation with the company’s earnings profile. Analyst Commentary Bullish analysts point to the revised A$3.66 price target as a reflection of updated views on Bravura Solutions' revenue trends, margins and P/E alignment with its current earnings profile.
BRN
AU$0.14
BrainChip Holdings
7D
3.8%
1Y
-37.2%
IOD
AU$0.13
IODM
7D
-35.9%
1Y
-24.2%
HSN
AU$4.76
Hansen Technologies
7D
-5.4%
1Y
-4.2%

HSN: Fair Pricing Will Reflect Tighter Assumptions And 2026 Revenue Guidance

Analysts have kept their A$ price target for Hansen Technologies broadly in line with prior views, citing only minor tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions rather than any material shift in the investment case. What's in the News Hansen Technologies issued earnings guidance for the second half of 2026, giving investors a time frame to watch for the next set of financial results (Key Developments).
VNL
AU$0.087
Vinyl Group
7D
16.7%
1Y
-16.7%
CCR
AU$0.21
Credit Clear
7D
7.5%
1Y
-10.4%
COS
AU$0.21
COSOL
7D
10.5%
1Y
-73.9%
IS3
AU$0.011
I Synergy Group
7D
22.2%
1Y
n/a
SDR
AU$2.88
SiteMinder
7D
-10.3%
1Y
-38.6%