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Australian (ASX) Application Software Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies59
  • 7D3.7%
  • 3M-29.3%
  • 1Y-35.3%
  • YTDn/a

Over the last 7 days, the Application Software industry has risen 3.7%, driven by gains from Xero of 7.2%. Meanwhile, Objective actually underperformed within the industry, shrinking 7.6% in the last week. However, the industry is down 35% over the past year. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026AU$56.6bAU$8.3bAU$657.6m32.1x86x6.8x
Tue, 27 Jan 2026AU$69.8bAU$8.0bAU$698.2m32.6x100x8.8x
Thu, 25 Dec 2025AU$74.7bAU$8.1bAU$708.8m37.8x105.4x9.3x
Sat, 22 Nov 2025AU$75.6bAU$8.2bAU$737.6m36.7x102.5x9.2x
Mon, 20 Oct 2025AU$94.0bAU$8.0bAU$697.1m35.2x134.8x11.8x
Wed, 17 Sep 2025AU$99.8bAU$7.9bAU$695.9m34.2x143.4x12.6x
Fri, 15 Aug 2025AU$104.1bAU$7.9bAU$617.3m76.3x168.7x13.2x
Sun, 13 Jul 2025AU$100.5bAU$7.8bAU$586.8m53.8x171.3x12.8x
Tue, 10 Jun 2025AU$100.2bAU$7.8bAU$590.6m78.7x169.6x12.8x
Thu, 08 May 2025AU$85.3bAU$7.6bAU$532.6m67.8x160.1x11.2x
Sat, 05 Apr 2025AU$72.6bAU$7.8bAU$476.7m57.2x152.2x9.3x
Mon, 03 Mar 2025AU$85.1bAU$7.8bAU$474.4m59.5x179.3x11x
Wed, 29 Jan 2025AU$97.1bAU$7.5bAU$362.2m68.3x268.2x13x
Fri, 27 Dec 2024AU$97.6bAU$7.6bAU$346.4m67.8x281.9x12.9x
Sun, 24 Nov 2024AU$96.8bAU$7.5bAU$348.4m64x277.9x12.9x
Tue, 22 Oct 2024AU$85.6bAU$7.2bAU$283.9m63.8x301.5x11.8x
Thu, 19 Sep 2024AU$91.3bAU$7.3bAU$277.6m67.8x329x12.6x
Sat, 17 Aug 2024AU$76.9bAU$7.1b-AU$6,474,699.6961.7x-11872x10.8x
Mon, 15 Jul 2024AU$84.7bAU$7.6bAU$248.8k61.7x340478.1x11.2x
Wed, 12 Jun 2024AU$82.8bAU$7.7bAU$4.5m59.8x18572.8x10.8x
Fri, 10 May 2024AU$80.7bAU$7.4b-AU$227,100,430.3062.3x-355.5x10.9x
Sun, 07 Apr 2024AU$77.7bAU$7.4b-AU$288,095,048.0061.5x-269.8x10.4x
Tue, 05 Mar 2024AU$81.5bAU$7.6b-AU$339,657,576.0161.7x-240.1x10.8x
Thu, 01 Feb 2024AU$68.9bAU$8.1b-AU$927,265,088.0060.4x-74.3x8.5x
Sat, 30 Dec 2023AU$69.4bAU$8.1b-AU$925,994,828.0059.9x-75x8.6x
Mon, 27 Nov 2023AU$62.2bAU$8.1b-AU$927,031,940.0057.9x-67.1x7.7x
Wed, 25 Oct 2023AU$61.4bAU$7.8b-AU$995,912,247.0055.1x-61.6x7.9x
Fri, 22 Sep 2023AU$66.2bAU$7.8b-AU$994,585,617.0060.7x-66.6x8.5x
Sun, 20 Aug 2023AU$71.2bAU$7.6b-AU$713,389,310.0049.3x-99.8x9.4x
Tue, 18 Jul 2023AU$71.9bAU$7.4b-AU$760,899,020.0048x-94.5x9.7x
Thu, 15 Jun 2023AU$68.2bAU$7.4b-AU$765,470,631.0049.3x-89.1x9.2x
Sat, 13 May 2023AU$62.6bAU$7.3b-AU$732,549,018.0047x-85.5x8.6x
Mon, 10 Apr 2023AU$60.4bAU$7.3b-AU$728,066,203.0043.8x-82.9x8.3x
Wed, 08 Mar 2023AU$57.7bAU$7.2b-AU$715,674,797.0045x-80.6x8x
Price to Earnings Ratio

-80.6x


Total Market Cap: AU$57.7bTotal Earnings: -AU$715,674,797.00Total Revenue: AU$7.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1586.3x202420252026
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 86.4x 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 4.9% 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 Market1.40%
Tech2.43%
Software3.59%
Application Software3.68%
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$83.147.2%
+AU$952.0m		-51.3%PE62.7x
TNE Technology OneAU$26.075.3%
+AU$430.9m		-11.5%PE61.8x
NXL NuixAU$1.9240.8%
+AU$185.8m		-48.0%PE52.3x
360 Life360AU$24.573.1%
+AU$175.2m		5.5%PE141.5x
WTC WiseTech GlobalAU$47.540.9%
+AU$147.1m		-46.9%PE69.5x

Latest News

OCL
AU$12.93
Objective
7D
-7.6%
1Y
-15.8%
AV1
AU$0.095
Adveritas
7D
-13.6%
1Y
2.2%
WTC
AU$47.54
WiseTech Global
7D
0.9%
1Y
-46.9%
CCR
AU$0.21
Credit Clear
7D
-12.5%
1Y
-23.6%
YOJ
AU$0.31
Yojee
7D
-8.8%
1Y
121.4%
COS
AU$0.29
COSOL
7D
-26.3%
1Y
-65.7%
RDY
AU$1.26
ReadyTech Holdings
7D
-25.9%
1Y
-55.8%
AIM
AU$0.34
Ai-Media Technologies
7D
-39.5%
1Y
-52.1%
FCL
AU$2.58
FINEOS Corporation Holdings
7D
7.1%
1Y
51.8%
IRE
AU$7.46
Iress
7D
5.8%
1Y
-6.4%
XRO
AU$83.14
Xero
7D
7.2%
1Y
-51.3%
NXL
AU$1.92
Nuix
7D
40.8%
1Y
-48.0%

NXL: Earnings Reset And Migration Progress Will Support Stronger Retention

Analysts have lifted their A$ price target range for Nuix, with one research house moving its view from A$2.15 to A$2.30. They point to a recent earnings print and ongoing execution on the Neo migration as support for improved growth and retention assumptions.
360
AU$24.57
Life360
7D
3.1%
1Y
5.5%

360: Index Inclusion And Ride Partnership Will Support Future Upside

Analysts have lowered their price targets for Life360 to A$42.13 from A$49.81, citing updated assumptions that include higher revenue, slightly stronger profit margins and a lower future P/E multiple. What's in the News Life360 and Uber Technologies, Inc.
BVS
AU$2.08
Bravura Solutions
7D
8.1%
1Y
-18.1%

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$26.07
Technology One
7D
5.3%
1Y
-11.5%
IOV
AU$0.32
Ion Video
7D
-13.5%
1Y
113.3%