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Australian (ASX) Application Software Industry Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies60
  • 7D0.09%
  • 3M-25.2%
  • 1Y-24.4%
  • YTDn/a

Over the last 7 days, the Application Software industry has risen 1.4%, driven by gains from WiseTech Global of 0.9%. In the past year, the industry is down 26%. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026AU$72.4bAU$8.0bAU$707.0m33.9x102.4x9x
Sat, 13 Dec 2025AU$75.1bAU$8.1bAU$709.2m35.8x105.9x9.3x
Mon, 10 Nov 2025AU$84.9bAU$7.9bAU$693.7m35.8x122.4x10.7x
Wed, 08 Oct 2025AU$98.6bAU$7.9bAU$693.8m35.2x142.2x12.4x
Fri, 05 Sep 2025AU$96.6bAU$8.0bAU$701.8m33x137.6x12.1x
Sun, 03 Aug 2025AU$105.0bAU$7.8bAU$589.9m75.5x177.9x13.4x
Tue, 01 Jul 2025AU$99.1bAU$7.8bAU$589.9m77.7x168x12.6x
Thu, 29 May 2025AU$99.5bAU$7.9bAU$593.3m98.6x167.8x12.6x
Sat, 26 Apr 2025AU$80.1bAU$7.7bAU$537.2m61.1x149.2x10.5x
Mon, 24 Mar 2025AU$80.4bAU$7.8bAU$470.0m59.6x171x10.4x
Wed, 19 Feb 2025AU$101.7bAU$7.5bAU$419.8m54.8x242.3x13.6x
Fri, 17 Jan 2025AU$92.8bAU$7.5bAU$361.3m67.3x256.7x12.4x
Sun, 15 Dec 2024AU$97.0bAU$7.5bAU$348.5m66.2x278.4x12.9x
Tue, 12 Nov 2024AU$97.0bAU$7.3bAU$282.5m64x343.3x13.4x
Thu, 10 Oct 2024AU$94.3bAU$7.2bAU$284.1m66.1x331.8x13x
Sat, 07 Sep 2024AU$87.1bAU$7.3bAU$283.5m66.4x307.2x11.9x
Mon, 05 Aug 2024AU$74.9bAU$7.1b-AU$97,667,071.2661.4x-767.1x10.5x
Wed, 03 Jul 2024AU$82.7bAU$7.6bAU$1.9m57.7x44279.3x10.9x
Fri, 31 May 2024AU$82.5bAU$7.6b-AU$775,872.0761.8x-106392.9x10.8x
Sun, 28 Apr 2024AU$77.6bAU$7.5b-AU$272,535,086.9063.2x-284.6x10.4x
Tue, 26 Mar 2024AU$81.9bAU$7.5b-AU$287,617,080.9962.3x-284.8x11x
Thu, 22 Feb 2024AU$74.7bAU$7.4b-AU$455,832,351.8251.5x-164x10x
Sat, 20 Jan 2024AU$69.2bAU$8.1b-AU$927,155,149.0058.8x-74.7x8.5x
Mon, 18 Dec 2023AU$68.2bAU$8.1b-AU$926,220,854.0060.6x-73.7x8.4x
Wed, 15 Nov 2023AU$62.4bAU$8.1b-AU$980,976,747.0056.3x-63.6x7.7x
Fri, 13 Oct 2023AU$66.1bAU$7.8b-AU$988,819,624.0059.5x-66.9x8.5x
Sun, 10 Sep 2023AU$68.4bAU$7.8b-AU$995,004,156.0060.7x-68.8x8.8x
Tue, 08 Aug 2023AU$73.9bAU$7.5b-AU$763,865,852.0051.4x-96.7x9.9x
Thu, 06 Jul 2023AU$68.8bAU$7.5b-AU$762,059,236.0050.7x-90.2x9.2x
Sat, 03 Jun 2023AU$68.3bAU$7.5b-AU$789,109,887.0045.8x-86.6x9.2x
Mon, 01 May 2023AU$62.0bAU$7.3b-AU$729,650,789.0048.1x-84.9x8.5x
Wed, 29 Mar 2023AU$58.0bAU$7.3b-AU$726,897,596.0044.4x-79.7x8x
Fri, 24 Feb 2023AU$56.6bAU$7.1b-AU$498,061,075.0053.4x-113.7x8x
Sun, 22 Jan 2023AU$55.0bAU$6.9b-AU$563,604,152.0052.8x-97.7x8x
Price to Earnings Ratio

-97.7x


Total Market Cap: AU$55.0bTotal Earnings: -AU$563,604,152.00Total Revenue: AU$6.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1578.5x202420252026
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 102x 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 9.0x.
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 Market1.58%
Tech1.42%
Software-0.081%
Application Software0.092%
Systems Software-11.97%
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
OCL ObjectiveAU$16.853.8%
+AU$58.5m		7.5%PE45.6x
EIQ Echo IQAU$0.3423.2%
+AU$42.3m		27.8%PS2212.3x
HSN Hansen TechnologiesAU$5.422.1%
+AU$22.5m		4.2%PE25.5x
YOJ YojeeAU$0.4213.5%
+AU$18.9m		223.1%PS258.5x
EOL Energy OneAU$17.053.4%
+AU$17.8m		155.2%PE91.2x

Latest News

OCL
AU$16.85
Objective
7D
3.8%
1Y
7.5%
XRO
AU$103.16
Xero
7D
-5.7%
1Y
-38.6%
360
AU$28.75
Life360
7D
-12.3%
1Y
32.2%
TNE
AU$27.20
Technology One
7D
-1.4%
1Y
-4.8%
EOL
AU$17.05
Energy One
7D
3.4%
1Y
155.2%
HSN
AU$5.42
Hansen Technologies
7D
2.1%
1Y
4.2%
BVS
AU$2.44
Bravura Solutions
7D
-3.6%
1Y
8.9%

BVS: Higher Margin Outlook May Support Shares Despite Softer Revenue

Analysts have nudged their price target for Bravura Solutions higher, lifting fair value from A$2.95 to A$3.40 as they factor in updated assumptions for slightly softer revenue declines, improved profit margins and a modestly lower forward P/E multiple. Analyst Commentary Analysts highlighting the updated A$3.40 fair value for Bravura Solutions are generally framing the move as a reflection of refined assumptions on revenue trends, margins and valuation multiples, rather than a wholesale change in the core thesis.
IRE
AU$8.49
Iress
7D
1.1%
1Y
-6.8%
WTC
AU$66.73
WiseTech Global
7D
-2.3%
1Y
-43.4%

WTC: Analyst Day Insights Will Support Long-Term Share Price Appreciation

Analysts have trimmed their fair value estimate for WiseTech Global to A$107.32 from A$113.39, reflecting slightly adjusted assumptions for the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News WiseTech Global has scheduled an Analyst and Investor Day for 27 November 2025, classified as an Analyst/Investor Day event.
DUG
AU$2.20
DUG Technology
7D
5.3%
1Y
69.9%

DUG: Higher Margin Expectations Will Support Upside Despite Slightly Lower Fair Value Estimate

Analysts have trimmed their fair value estimate for DUG Technology from A$2.41 to A$2.38, reflecting slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E, while keeping their overall thesis intact. Valuation Changes Fair value estimate trimmed slightly from A$2.41 to A$2.38 per share.
SDR
AU$5.75
SiteMinder
7D
-5.1%
1Y
-1.4%
CAT
AU$3.99
Catapult Sports
7D
-5.9%
1Y
19.1%

CAT: Upcoming Industry Momentum Will Fuel Outperformance Over The Coming Year

Narrative Update on Catapult Sports Analysts have revised their price target for Catapult Sports downward from A$7.97 to A$7.02, citing adjustments for fair value and discount rate. However, they maintain a positive outlook due to expectations of sustainable, above-consensus revenue growth in the sports technology sector.
EIQ
AU$0.34
Echo IQ
7D
23.2%
1Y
27.8%
FCL
AU$2.90
FINEOS Corporation Holdings
7D
-4.0%
1Y
51.4%

A Look At The Intrinsic Value Of FINEOS Corporation Holdings plc (ASX:FCL)

Nov 23
A Look At The Intrinsic Value Of FINEOS Corporation Holdings plc (ASX:FCL)
DCC
AU$0.046
DigitalX
7D
15.0%
1Y
-14.8%
YOJ
AU$0.42
Yojee
7D
13.5%
1Y
223.1%