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Australian (ASX) Application Software Industry Analysis

UpdatedJan 28, 2026
DataAggregated Company Financials
Companies60
  • 7D0.2%
  • 3M-24.1%
  • 1Y-31.0%
  • YTDn/a

The Application Software is pretty flat in the last 7 days, but Life360 has stood out, gaining 6.9%. Unfortunately though, the industry is down 31% over the past 12 months. 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
Thu, 29 Jan 2026AU$69.2bAU$8.0bAU$697.5m33.3x99.3x8.7x
Sat, 27 Dec 2025AU$74.7bAU$8.1bAU$708.3m37.8x105.5x9.3x
Mon, 24 Nov 2025AU$75.5bAU$8.1bAU$719.6m35.1x104.9x9.3x
Wed, 22 Oct 2025AU$94.8bAU$8.0bAU$697.5m35.2x136x11.9x
Fri, 19 Sep 2025AU$100.1bAU$7.9bAU$694.4m34.3x144.2x12.6x
Sun, 17 Aug 2025AU$104.2bAU$7.9bAU$618.2m76.3x168.5x13.2x
Tue, 15 Jul 2025AU$100.0bAU$7.8bAU$586.8m54.8x170.4x12.8x
Thu, 12 Jun 2025AU$99.9bAU$7.8bAU$590.6m77.8x169.2x12.7x
Sat, 10 May 2025AU$88.4bAU$7.6bAU$534.3m69.7x165.4x11.6x
Mon, 07 Apr 2025AU$72.6bAU$7.9bAU$481.1m57.2x150.8x9.2x
Wed, 05 Mar 2025AU$85.5bAU$7.8bAU$473.6m56.9x180.5x11x
Fri, 31 Jan 2025AU$99.6bAU$7.5bAU$362.2m71x274.9x13.3x
Sun, 29 Dec 2024AU$97.5bAU$7.6bAU$346.4m67.3x281.4x12.9x
Tue, 26 Nov 2024AU$97.7bAU$7.5bAU$348.7m63.8x280x13x
Thu, 24 Oct 2024AU$85.5bAU$7.2bAU$283.4m63.8x301.6x11.8x
Sat, 21 Sep 2024AU$92.3bAU$7.3bAU$277.5m67.9x332.7x12.7x
Mon, 19 Aug 2024AU$76.9bAU$7.1b-AU$5,964,588.7562.1x-12887.6x10.8x
Wed, 17 Jul 2024AU$85.2bAU$7.6b-AU$163,604.5860.6x-520841.5x11.2x
Fri, 14 Jun 2024AU$83.0bAU$7.6bAU$4.6m60.2x18142.5x10.9x
Sun, 12 May 2024AU$80.9bAU$7.4b-AU$220,529,406.5961.3x-367.1x10.9x
Tue, 09 Apr 2024AU$78.6bAU$7.4b-AU$288,032,927.2861.5x-272.9x10.6x
Thu, 07 Mar 2024AU$80.1bAU$7.6b-AU$307,203,034.6759.5x-260.6x10.6x
Sat, 03 Feb 2024AU$70.0bAU$8.1b-AU$927,267,028.0061.5x-75.5x8.6x
Mon, 01 Jan 2024AU$69.4bAU$8.1b-AU$925,663,699.0060x-75x8.6x
Wed, 29 Nov 2023AU$62.6bAU$8.1b-AU$926,662,735.0058.1x-67.6x7.7x
Fri, 27 Oct 2023AU$60.3bAU$7.8b-AU$996,203,367.0054.9x-60.5x7.7x
Sun, 24 Sep 2023AU$65.9bAU$7.8b-AU$994,500,292.0059.9x-66.2x8.4x
Tue, 22 Aug 2023AU$71.2bAU$7.6b-AU$713,048,488.0049.4x-99.8x9.4x
Thu, 20 Jul 2023AU$72.5bAU$7.4b-AU$760,951,894.0048x-95.3x9.7x
Sat, 17 Jun 2023AU$69.7bAU$7.4b-AU$767,004,166.0049.5x-90.9x9.4x
Mon, 15 May 2023AU$62.6bAU$7.3b-AU$733,155,176.0046.9x-85.4x8.6x
Wed, 12 Apr 2023AU$60.2bAU$7.3b-AU$728,097,489.0043.5x-82.7x8.3x
Fri, 10 Mar 2023AU$59.5bAU$7.2b-AU$731,785,830.0045.6x-81.3x8.2x
Sun, 05 Feb 2023AU$59.4bAU$6.9b-AU$562,856,949.0055.2x-105.6x8.6x
Price to Earnings Ratio

-105.6x


Total Market Cap: AU$59.4bTotal Earnings: -AU$562,856,949.00Total Revenue: AU$6.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1581x202420252026
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 99x 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 8.7x.
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 5.0% 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 Market1.41%
Tech1.20%
Software0.0098%
Application Software0.19%
Systems Software-17.27%
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
360 Life360AU$28.526.9%
+AU$440.5m		14.2%PE161.2x
NXL NuixAU$1.9512.7%
+AU$73.6m		-55.9%PS2.9x
TNE Technology OneAU$26.470.8%
+AU$68.5m		-12.8%PE62.8x
EIQ Echo IQAU$0.5124.7%
+AU$65.0m		98.0%PS3238.3x
HSN Hansen TechnologiesAU$5.302.7%
+AU$28.6m		-2.4%PE25x

Latest News

NXL
AU$1.95
Nuix
7D
12.7%
1Y
-55.9%

NXL: Governance Amendments And Virtual Meeting Flexibility Will Support Long Term Upside

Analysts have kept their price target for Nuix steady at A$2.25, making only minor tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E to support this unchanged view. What's in the News Shareholders approved amendments to the Nuix Limited constitution at the AGM held on 19 November 2025, reflecting updated corporate governance settings (Key Developments).
HSN
AU$5.30
Hansen Technologies
7D
2.7%
1Y
-2.4%

HSN: Fair Pricing Will Reflect Slightly Improved Margins And Earnings Outlook

Analysts have trimmed their price target on Hansen Technologies, citing only slight changes in the discount rate, revenue growth assumptions, profit margin outlook and forward P/E expectations as the basis for the adjustment. Valuation Changes Fair Value: The fair value estimate remains unchanged at 4.99, indicating no adjustment to the central valuation point.
XRO
AU$97.91
Xero
7D
-1.0%
1Y
-45.6%

XRO: AI Analytics Rollout Will Support Stronger Future Share Performance

Analysts now see slightly lower fair value for Xero, trimming their price target by about A$1 to reflect a marginally reduced future P/E assumption, while also factoring in small adjustments to revenue growth and profit margin expectations. What's in the News Xero rolled out new AI-powered analytics globally, giving millions of small business customers access to analytics, insights, and reporting directly within the platform (Key Developments).
360
AU$28.52
Life360
7D
6.9%
1Y
14.2%

360: Index Inclusion And Upgraded Outlook Will Support Bullish Repricing

Narrative update on Life360 Analysts have lifted their price target on Life360 from A$51.00 to A$58.50, citing updated assumptions for slightly higher revenue growth, profit margins, and a modestly adjusted discount rate, along with a near-unchanged future P/E multiple. What's in the News Life360 raised its earnings guidance for 2025, with expected revenue of US$486 million to US$489 million, which the company describes as approximately 31% to 32% year-over-year growth and above its prior guidance range (Company guidance).
WTC
AU$60.70
WiseTech Global
7D
-2.1%
1Y
-50.6%

WTC: Analyst Day Priorities Will Support Higher Long Term Profitability Expectations

Analysts have nudged their fair value estimate for WiseTech Global slightly higher to A$73.68 from A$73.09, reflecting updated assumptions around revenue growth, profit margins, and future P/E multiples. What's in the News WiseTech Global has scheduled an Analyst/Investor Day, focused on outlining key priorities for the business and its longer term direction (Key Developments).
DUG
AU$1.85
DUG Technology
7D
-13.8%
1Y
32.7%

DUG: Higher Margin Outlook Will Support Future Upside Potential

Analysts have nudged their price target for DUG Technology slightly higher to reflect small adjustments to fair value, discount rate, revenue growth and profit margin assumptions, while also trimming the future P/E input. Valuation Changes Fair Value: Adjusted slightly from 2.38 to 2.38, reflecting a very small change in the model output.
TNE
AU$26.47
Technology One
7D
0.8%
1Y
-12.8%

TNE: Elevated P/E And Acquisition Plans Will Restrain Future Returns

Analysts now see Technology One's fair value at A$23.74, up from A$22.71, reflecting updated assumptions for revenue growth, profit margins, and a higher future P/E multiple, despite a slightly higher discount rate. What's in the News Technology One declared a special dividend of A$0.10 per share for the six months ended 30 September 2025 (Key Developments).
SDR
AU$5.28
SiteMinder
7D
-4.5%
1Y
-10.1%

SiteMinder (ASX:SDR) Is In A Strong Position To Grow Its Business

Jan 16
SiteMinder (ASX:SDR) Is In A Strong Position To Grow Its Business
3DP
AU$0.055
Pointerra
7D
22.2%
1Y
-43.9%

We're Interested To See How Pointerra (ASX:3DP) Uses Its Cash Hoard To Grow

Jan 09
We're Interested To See How Pointerra (ASX:3DP) Uses Its Cash Hoard To Grow
SNS
AU$0.039
SenSen Networks
7D
-45.8%
1Y
2.6%

SenSen Networks Limited's (ASX:SNS) 25% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

Dec 21
SenSen Networks Limited's (ASX:SNS) 25% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
BRN
AU$0.17
BrainChip Holdings
7D
-5.7%
1Y
-50.0%
SKK
AU$0.029
Stakk
7D
-14.7%
1Y
314.3%
EIQ
AU$0.51
Echo IQ
7D
24.7%
1Y
98.0%
FCL
AU$2.38
FINEOS Corporation Holdings
7D
-5.2%
1Y
29.3%

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)
IOD
AU$0.14
IODM
7D
16.0%
1Y
3.6%
PHX
AU$0.15
PharmX Technologies
7D
11.1%
1Y
92.3%