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Australian (ASX) Application Software Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies64
  • 7D-0.6%
  • 3M-30.8%
  • 1Y-35.6%
  • YTDn/a

Over the last 7 days, the Application Software industry has remained flat, although notably FINEOS Corporation Holdings gained 4.9%. Unfortunately though, the industry is down 36% over the past 12 months. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026AU$49.5bAU$8.4bAU$814.4m21.1x60.8x5.9x
Thu, 05 Mar 2026AU$53.3bAU$8.4bAU$808.9m23.7x65.9x6.4x
Sat, 31 Jan 2026AU$64.0bAU$7.9bAU$694.4m33.9x92.2x8.1x
Mon, 29 Dec 2025AU$74.7bAU$8.1bAU$708.0m37.8x105.5x9.3x
Wed, 26 Nov 2025AU$78.0bAU$8.1bAU$719.7m35.1x108.3x9.6x
Fri, 24 Oct 2025AU$94.3bAU$8.0bAU$697.0m36.7x135.3x11.8x
Sun, 21 Sep 2025AU$101.2bAU$7.9bAU$697.2m35x145.1x12.7x
Tue, 19 Aug 2025AU$104.9bAU$7.9bAU$618.5m76.7x169.7x13.2x
Thu, 17 Jul 2025AU$102.8bAU$7.9bAU$588.4m54.5x174.6x13.1x
Sat, 14 Jun 2025AU$99.0bAU$7.9bAU$592.2m74.9x167.1x12.6x
Mon, 12 May 2025AU$88.4bAU$7.6bAU$534.3m69.7x165.4x11.6x
Wed, 09 Apr 2025AU$74.9bAU$7.9bAU$481.3m58.1x155.6x9.5x
Fri, 07 Mar 2025AU$85.6bAU$7.7bAU$466.2m57.9x183.7x11.1x
Sun, 02 Feb 2025AU$100.5bAU$7.5bAU$362.7m70.9x277.1x13.4x
Tue, 31 Dec 2024AU$97.8bAU$7.6bAU$347.0m68.2x281.9x12.9x
Thu, 28 Nov 2024AU$99.4bAU$7.5bAU$359.5m64.9x276.5x13.2x
Sat, 26 Oct 2024AU$87.3bAU$7.2bAU$282.9m65.8x308.5x12x
Mon, 23 Sep 2024AU$92.4bAU$7.3bAU$277.8m67.9x332.5x12.7x
Wed, 21 Aug 2024AU$78.1bAU$7.2bAU$169.7m66.4x460.4x10.9x
Fri, 19 Jul 2024AU$83.5bAU$7.6bAU$84,255.9360.3x991287.4x11x
Sun, 16 Jun 2024AU$82.1bAU$7.7bAU$4.6m59.8x18010.5x10.7x
Tue, 14 May 2024AU$80.9bAU$7.4b-AU$220,441,692.4161.8x-366.8x10.9x
Thu, 11 Apr 2024AU$77.8bAU$7.5b-AU$272,943,656.3166.4x-285x10.4x
Sat, 09 Mar 2024AU$81.4bAU$7.5b-AU$287,832,535.9861x-282.8x10.9x
Mon, 05 Feb 2024AU$70.0bAU$8.2b-AU$927,840,649.0061.1x-75.5x8.6x
Wed, 03 Jan 2024AU$69.4bAU$8.1b-AU$925,428,043.0060.1x-75x8.6x
Fri, 01 Dec 2023AU$64.5bAU$8.1b-AU$927,159,453.0058.7x-69.5x7.9x
Sun, 29 Oct 2023AU$59.9bAU$7.8b-AU$995,611,176.0054.4x-60.2x7.7x
Tue, 26 Sep 2023AU$66.8bAU$7.8b-AU$994,404,786.0060.3x-67.2x8.6x
Thu, 24 Aug 2023AU$67.8bAU$7.8b-AU$857,803,284.0052.5x-79x8.7x
Sat, 22 Jul 2023AU$71.1bAU$7.4b-AU$760,202,374.0047.5x-93.5x9.6x
Mon, 19 Jun 2023AU$69.7bAU$7.4b-AU$767,030,931.0049.5x-90.9x9.4x
Wed, 17 May 2023AU$61.9bAU$7.3b-AU$710,884,121.0045.9x-87x8.5x
Fri, 14 Apr 2023AU$60.9bAU$7.3b-AU$726,417,749.0046.5x-83.8x8.4x
Price to Earnings Ratio

-83.8x


Total Market Cap: AU$60.9bTotal Earnings: -AU$726,417,749.00Total Revenue: AU$7.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1591.4x202420252026
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 60.8x which is lower than its 3-year average PE of 2kx.
  • The 3-year average PS ratio of 10.4x is higher than the industry's current PS ratio of 5.9x.
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 Market1.13%
Tech-0.24%
Software-0.59%
Application Software-0.65%
Systems Software5.31%
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
WTC WiseTech GlobalAU$39.163.0%
+AU$380.1m		-51.3%PE55.7x
TNE Technology OneAU$27.562.7%
+AU$235.0m		4.8%PE65.4x
360 Life360AU$19.363.1%
+AU$142.0m		7.1%PE21.4x
XRO XeroAU$75.350.3%
+AU$39.2m		-49.2%PE58.4x
FCL FINEOS Corporation HoldingsAU$2.354.9%
+AU$37.9m		25.3%PE516.3x

Latest News

XRO
AU$75.35
Xero
7D
0.3%
1Y
-49.2%

XRO: AI Partnerships Will Support Future Earnings Despite Ongoing Execution Risks

Analysts have modestly lifted their Xero price target to A$83.66 from A$82.74, reflecting updated assumptions for revenue growth, profit margins and a lower future P/E multiple following recent research, including an upgrade at RBC Capital. Analyst Commentary Even with the upgraded price target, recent commentary shows that not all experts are fully comfortable with the current set up for Xero.
IRE
AU$6.88
Iress
7D
-1.3%
1Y
-8.3%

IRE: 2026 Guidance And Profit Outlook Will Support Undervalued Shares

Analysts now set their price target for Iress at A$10.05, effectively unchanged from A$10.05. This reflects only minor tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E multiples.
WTC
AU$39.16
WiseTech Global
7D
3.0%
1Y
-51.3%

WTC: Reaffirmed 2026 Revenue Guidance Will Support Long-Term Share Price Appreciation

Analysts have reduced their fair value estimate for WiseTech Global from about A$107.32 to A$91.59, citing more moderate revenue growth assumptions and a slightly higher discount rate. These factors are partly offset by a small increase in expected profit margins and a lower future P/E multiple.
AV1
AU$0.094
Adveritas
7D
9.3%
1Y
20.5%

We Think Adveritas (ASX:AV1) Can Easily Afford To Drive Business Growth

Apr 03
We Think Adveritas (ASX:AV1) Can Easily Afford To Drive Business Growth
PPS
AU$0.67
Praemium
7D
3.9%
1Y
5.5%

PPS: Stable Assumptions And Lower Discount Rate Will Support Future Upside

Analysts have kept Praemium's fair value estimate broadly steady at A$1.23, with only small tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E. These changes help refine rather than shift their overall price target view.
TNE
AU$27.56
Technology One
7D
2.7%
1Y
4.8%

TNE: Index Removals Will Present Long Term Margin Upside Opportunity

Analysts have trimmed their price target on Technology One from A$40.32 to A$38.70. This reflects slightly different assumptions around discount rates, revenue growth, profit margins and future P/E multiples, while maintaining a broadly similar view on the company.
FCL
AU$2.35
FINEOS Corporation Holdings
7D
4.9%
1Y
25.3%
CAT
AU$3.15
Catapult Sports
7D
-2.2%
1Y
-1.3%
OCL
AU$11.43
Objective
7D
-2.6%
1Y
-21.0%

Mr. Market Threw a Tantrum. The Toll Bridge Got Wider.

Six months ago, we valued Objective Corp at A$17.68 per share. Today it trades at A$11.50.
EIQ
AU$0.89
Echo IQ
7D
-2.7%
1Y
240.4%
BVS
AU$1.95
Bravura Solutions
7D
-4.7%
1Y
-6.9%

BVS: Dividend Payouts And Refined Profitability Assumptions Will Support Forward Share Performance

Analysts have lifted their A$ price target for Bravura Solutions, citing updated assumptions on discount rates and profitability. These changes keep fair value estimates broadly unchanged while refining their outlook for the stock's risk and earnings profile.
HSN
AU$4.83
Hansen Technologies
7D
-1.8%
1Y
-3.4%

HSN: Fair Pricing Will Reflect 2026 Second Half Revenue Expectations

Analysts have made a modest adjustment to their price target for Hansen Technologies, keeping fair value around A$5.30 as they factor in slightly updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Hansen Technologies issued new earnings guidance for the second half of 2026, giving you a clearer view of management expectations for that period (Key Developments).
360
AU$19.36
Life360
7D
3.1%
1Y
7.1%

360: Index Inclusion And Expanded Partnerships Will Support Further Upside

Analysts have trimmed their Life360 price target from A$29.75 to A$25.00 as updated assumptions around discount rates, revenue growth, profit margins, and future P/E multiples filter through their models. What's in the News Life360, Inc.
BRN
AU$0.14
BrainChip Holdings
7D
3.6%
1Y
-21.6%
VNL
AU$0.075
Vinyl Group
7D
-10.7%
1Y
-21.9%
SDR
AU$2.80
SiteMinder
7D
-2.1%
1Y
-26.5%