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Australian (ASX) Application Software Industry Analysis
UpdatedJan 20, 2026
DataAggregated Company Financials
Companies60
- 7D-5.8%
- 3M-28.1%
- 1Y-30.1%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 5.8%, driven by a pullback from WiseTech Global of 5.3%. On the other hand Echo IQ is actually up 15%. The industry has fallen 30% 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 21 Jan 2026 | AU$68.7b | AU$8.0b | AU$707.0m | 33.9x | 97.2x | 8.5x |
| Fri, 19 Dec 2025 | AU$73.7b | AU$8.1b | AU$711.9m | 37.8x | 103.5x | 9.1x |
| Sun, 16 Nov 2025 | AU$78.3b | AU$8.1b | AU$730.0m | 35.9x | 107.2x | 9.6x |
| Tue, 14 Oct 2025 | AU$96.8b | AU$8.0b | AU$695.2m | 34.3x | 139.2x | 12.2x |
| Thu, 11 Sep 2025 | AU$98.7b | AU$8.0b | AU$698.0m | 33.4x | 141.4x | 12.4x |
| Sat, 09 Aug 2025 | AU$105.4b | AU$7.8b | AU$587.7m | 75.6x | 179.3x | 13.5x |
| Mon, 07 Jul 2025 | AU$101.8b | AU$7.8b | AU$588.2m | 77.5x | 173x | 13x |
| Wed, 04 Jun 2025 | AU$99.3b | AU$7.9b | AU$593.0m | 80x | 167.4x | 12.6x |
| Fri, 02 May 2025 | AU$86.5b | AU$7.6b | AU$536.3m | 66.7x | 161.3x | 11.3x |
| Sun, 30 Mar 2025 | AU$78.6b | AU$7.7b | AU$468.3m | 61.6x | 167.8x | 10.2x |
| Tue, 25 Feb 2025 | AU$90.9b | AU$7.5b | AU$456.9m | 48.9x | 198.9x | 12.1x |
| Thu, 23 Jan 2025 | AU$97.6b | AU$7.5b | AU$362.3m | 70.4x | 269.3x | 13x |
| Sat, 21 Dec 2024 | AU$95.8b | AU$7.6b | AU$346.1m | 68.4x | 276.9x | 12.7x |
| Mon, 18 Nov 2024 | AU$100.4b | AU$7.5b | AU$341.2m | 65.3x | 294.3x | 13.4x |
| Wed, 16 Oct 2024 | AU$95.3b | AU$7.2b | AU$284.7m | 64.9x | 334.7x | 13.2x |
| Fri, 13 Sep 2024 | AU$90.3b | AU$7.3b | AU$276.2m | 67.2x | 327x | 12.4x |
| Sun, 11 Aug 2024 | AU$73.3b | AU$7.2b | -AU$107,691,666.93 | 60.2x | -680.6x | 10.2x |
| Tue, 09 Jul 2024 | AU$84.0b | AU$7.6b | AU$1.8m | 58.2x | 46298.7x | 11.1x |
| Thu, 06 Jun 2024 | AU$81.4b | AU$7.7b | AU$1.3m | 62.6x | 62870.8x | 10.6x |
| Sat, 04 May 2024 | AU$79.2b | AU$7.4b | -AU$226,915,975.58 | 63.8x | -349.2x | 10.7x |
| Mon, 01 Apr 2024 | AU$81.0b | AU$7.5b | -AU$287,480,148.27 | 63x | -281.9x | 10.9x |
| Wed, 28 Feb 2024 | AU$77.8b | AU$7.5b | -AU$405,039,908.13 | 56.9x | -192x | 10.3x |
| Fri, 26 Jan 2024 | AU$69.1b | AU$8.1b | -AU$927,304,760.00 | 60.8x | -74.5x | 8.5x |
| Sun, 24 Dec 2023 | AU$68.2b | AU$8.1b | -AU$925,650,444.00 | 60.7x | -73.7x | 8.4x |
| Tue, 21 Nov 2023 | AU$64.0b | AU$8.1b | -AU$934,580,206.00 | 56.8x | -68.5x | 7.9x |
| Thu, 19 Oct 2023 | AU$63.7b | AU$7.8b | -AU$996,130,691.00 | 57.5x | -64x | 8.2x |
| Sat, 16 Sep 2023 | AU$67.6b | AU$7.8b | -AU$994,128,092.00 | 59.9x | -68x | 8.7x |
| Mon, 14 Aug 2023 | AU$72.8b | AU$7.5b | -AU$764,247,067.00 | 50.5x | -95.2x | 9.7x |
| Wed, 12 Jul 2023 | AU$68.9b | AU$7.5b | -AU$762,598,648.00 | 50.7x | -90.4x | 9.2x |
| Fri, 09 Jun 2023 | AU$65.7b | AU$7.4b | -AU$767,445,937.00 | 49.5x | -85.6x | 8.8x |
| Sun, 07 May 2023 | AU$61.0b | AU$7.3b | -AU$731,493,984.00 | 48.9x | -83.3x | 8.4x |
| Tue, 04 Apr 2023 | AU$60.4b | AU$7.3b | -AU$725,533,095.00 | 46x | -83.2x | 8.3x |
| Thu, 02 Mar 2023 | AU$57.2b | AU$7.2b | -AU$514,514,985.00 | 46.9x | -111.2x | 8x |
| Sat, 28 Jan 2023 | AU$56.5b | AU$6.9b | -AU$557,453,635.00 | 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 97.2x 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 8.5x.
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 5.4% 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 | 1.12% | |
| Tech | -4.03% | |
| Software | -5.89% | |
| Application Software | -5.77% | |
| Systems Software | -14.88% | |
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$0.38 | 15.2% +AU$32.5m | 46.2% | PS2436.8x | |
| RDY ReadyTech Holdings | AU$2.69 | 9.3% +AU$28.4m | -14.6% | PS2.7x | |
| PPS Praemium | AU$0.84 | 6.3% +AU$23.9m | 9.8% | PE29.6x | |
| IRE Iress | AU$8.46 | 0.7% +AU$11.1m | -12.3% | PE17.6x | |
| VNL Vinyl Group | AU$0.089 | 8.5% +AU$9.7m | -10.1% | PS8.6x |
