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Australian (ASX) Application Software Industry Analysis

UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies60
  • 7D-4.8%
  • 3M-30.3%
  • 1Y-47.2%
  • YTDn/a

In the last week, the Application Software industry is up 1.6%, with Bravura Solutions up 15%. During this same period, the Xero underperformed, falling 6.3%. However, the industry is down 43% over the past year. Looking forward, 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
Fri, 13 Feb 2026AU$54.9bAU$7.9bAU$653.7m30x83.9x6.9x
Sun, 11 Jan 2026AU$72.7bAU$8.0bAU$706.1m35.3x103x9x
Tue, 09 Dec 2025AU$78.7bAU$8.1bAU$710.4m31.7x110.8x9.7x
Thu, 06 Nov 2025AU$86.6bAU$7.9bAU$695.4m35.8x124.5x10.9x
Sat, 04 Oct 2025AU$100.8bAU$7.9bAU$695.6m35.2x144.9x12.7x
Mon, 01 Sep 2025AU$101.3bAU$8.0bAU$697.5m33.6x145.2x12.7x
Wed, 30 Jul 2025AU$106.9bAU$7.8bAU$587.8m75.7x181.8x13.7x
Fri, 27 Jun 2025AU$98.4bAU$7.8bAU$589.4m77x167x12.6x
Sun, 25 May 2025AU$95.6bAU$7.9bAU$590.0m95x162x12.1x
Tue, 22 Apr 2025AU$78.1bAU$7.8bAU$469.3m61.3x166.3x10.1x
Thu, 20 Mar 2025AU$79.1bAU$7.7bAU$467.9m58.6x169x10.2x
Sat, 15 Feb 2025AU$101.8bAU$7.5bAU$416.6m54.9x244.3x13.6x
Mon, 13 Jan 2025AU$98.5bAU$7.5bAU$352.1m70.4x279.6x13.1x
Wed, 11 Dec 2024AU$98.6bAU$7.5bAU$358.7m64.5x274.8x13.1x
Fri, 08 Nov 2024AU$94.0bAU$7.2bAU$282.8m64.7x332.3x13x
Sun, 06 Oct 2024AU$92.1bAU$7.2bAU$286.0m66.1x322x12.7x
Tue, 03 Sep 2024AU$87.1bAU$7.4bAU$268.4m66.5x324.5x11.8x
Thu, 01 Aug 2024AU$85.2bAU$7.6bAU$8.8m63.5x9731.1x11.2x
Sat, 29 Jun 2024AU$85.3bAU$7.6bAU$2.4m61.1x34899.4x11.2x
Mon, 27 May 2024AU$83.0bAU$7.6b-AU$1,319,031.3261.3x-62890x10.9x
Wed, 24 Apr 2024AU$78.1bAU$7.5b-AU$273,121,031.0763.2x-286x10.4x
Fri, 22 Mar 2024AU$81.6bAU$7.5b-AU$287,605,494.7060.4x-283.7x10.9x
Sun, 18 Feb 2024AU$72.7bAU$7.5b-AU$654,011,123.6352.5x-111.2x9.7x
Tue, 16 Jan 2024AU$67.9bAU$8.1b-AU$926,831,919.0059.5x-73.3x8.4x
Thu, 14 Dec 2023AU$66.3bAU$8.1b-AU$927,283,821.0059.2x-71.5x8.1x
Sat, 11 Nov 2023AU$61.8bAU$8.1b-AU$981,429,551.0055.2x-62.9x7.6x
Mon, 09 Oct 2023AU$63.6bAU$7.8b-AU$989,150,060.0057.8x-64.3x8.1x
Wed, 06 Sep 2023AU$69.7bAU$7.8b-AU$995,242,086.0062.5x-70.1x8.9x
Fri, 04 Aug 2023AU$73.1bAU$7.5b-AU$765,526,274.0051.5x-95.5x9.8x
Sun, 02 Jul 2023AU$70.0bAU$7.5b-AU$761,519,899.0047.8x-92x9.4x
Tue, 30 May 2023AU$67.1bAU$7.5b-AU$791,815,675.0044.1x-84.8x9x
Thu, 27 Apr 2023AU$61.8bAU$7.3b-AU$729,567,876.0047.2x-84.7x8.5x
Sat, 25 Mar 2023AU$57.9bAU$7.3b-AU$727,927,823.0045x-79.5x8x
Mon, 20 Feb 2023AU$56.2bAU$6.9b-AU$572,698,795.0048.6x-98.1x8.2x
Price to Earnings Ratio

-98.1x


Total Market Cap: AU$56.2bTotal Earnings: -AU$572,698,795.00Total Revenue: AU$6.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1583.6x202420252026
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 90.0x 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 7.5x.
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 4.5% 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 Market1.34%
Tech-3.25%
Software-4.87%
Application Software-4.76%
Systems Software-14.21%
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
BVS Bravura SolutionsAU$2.0815.6%
+AU$125.5m		-25.2%PE24x
EIQ Echo IQAU$0.5315.4%
+AU$45.8m		75.0%PS3384.7x
EOL Energy OneAU$14.118.0%
+AU$32.8m		98.7%PE75.5x
ACE AcusensusAU$1.8011.1%
+AU$29.2m		44.0%PS4.9x
DUG DUG TechnologyAU$1.758.7%
+AU$19.0m		39.4%PS2.7x

Latest News

WTC
AU$42.62
WiseTech Global
7D
-10.5%
1Y
-65.6%

WiseTech Global Limited (ASX:WTC) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless

Feb 12
WiseTech Global Limited (ASX:WTC) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless
NXL
AU$1.38
Nuix
7D
-7.7%
1Y
-71.5%

Should You Think About Buying Nuix Limited (ASX:NXL) Now?

Feb 12
Should You Think About Buying Nuix Limited (ASX:NXL) Now?
BVS
AU$2.08
Bravura Solutions
7D
15.6%
1Y
-25.2%
IRI
AU$0.33
Integrated Research
7D
8.3%
1Y
-26.1%
TNE
AU$20.17
Technology One
7D
-7.7%
1Y
-37.4%

Why We Think Shareholders May Be Considering Bumping Up Technology One Limited's (ASX:TNE) CEO Compensation

Feb 11
Why We Think Shareholders May Be Considering Bumping Up Technology One Limited's (ASX:TNE) CEO Compensation
ACE
AU$1.80
Acusensus
7D
11.1%
1Y
44.0%
OCL
AU$13.19
Objective
7D
-5.9%
1Y
-16.0%

OCL: Share Buyback And Acquisition Plans Will Likely Sustain Overvaluation

Analysts have adjusted their price target to reflect updated assumptions for discount rates, revenue growth, profit margins and future P/E, which they believe better capture the current risk and earnings profile of the company. What's in the News The Board of Directors of Objective Corporation Limited authorized a share buyback plan on January 23, 2026, signaling an intention to return capital to shareholders over time (Key Developments).
360
AU$22.02
Life360
7D
-11.8%
1Y
-11.0%

360: Index Inclusion And Upgraded 2025 Guidance Will Support Bullish Repricing

Analysts have trimmed their price target on Life360 from $58.50 to $53.00, citing updated assumptions around the discount rate, revenue growth, profit margin and future P/E, which together point to a slightly lower fair value estimate. What's in the News Life360 raised its 2025 earnings guidance, now expecting revenue of $486 million to $489 million.
DUG
AU$1.75
DUG Technology
7D
8.7%
1Y
39.4%

DUG: Higher Margin Outlook And Richer P/E Assumptions Will Support Upside

Analysts have lifted their price target on DUG Technology to A$2.47 from A$2.38, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. Valuation Changes Fair Value: Updated fair value per share moved from A$2.38 to A$2.47, a small uplift in the model output.
IRE
AU$7.02
Iress
7D
-5.8%
1Y
-25.6%
XRO
AU$73.49
Xero
7D
-10.1%
1Y
-60.4%

XRO: AI Analytics And RBC Upgrade Will Support Stronger Future Returns

Analysts have nudged their Xero fair value estimate slightly higher to about A$230 per share, reflecting updated assumptions around growth, margins and future P/E multiples following recent positive research commentary and upgrades. Analyst Commentary Recent research has generally framed Xero as a high quality growth platform with room for further execution, particularly around monetisation and operating discipline.
SDR
AU$3.46
SiteMinder
7D
-14.8%
1Y
-46.6%

SiteMinder Limited's (ASX:SDR) Popularity With Investors Under Threat As Stock Sinks 32%

Feb 06
SiteMinder Limited's (ASX:SDR) Popularity With Investors Under Threat As Stock Sinks 32%
EIQ
AU$0.53
Echo IQ
7D
15.4%
1Y
75.0%
EOL
AU$14.11
Energy One
7D
8.0%
1Y
98.7%

EOL: Steady Assumptions Will Support Stronger Sentiment And Upside Potential

Analysts have maintained their fair value estimate for Energy One at A$21.66, making only minor adjustments to assumptions such as the discount rate and future P/E. This reflects a broadly unchanged view of the company’s risk and earnings profile.
ESK
AU$0.56
Etherstack
7D
4.7%
1Y
60.0%
IOD
AU$0.17
IODM
7D
6.3%
1Y
13.3%