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Australian (ASX) Application Software Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies64
  • 7D-1.2%
  • 3M-28.8%
  • 1Y-36.5%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 1.2%, driven by Life360 declining 11%. On the other hand WiseTech Global is actually up 11%. The industry has fallen 37% 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026AU$55.9bAU$8.4bAU$810.7m24.4x68.9x6.7x
Mon, 02 Feb 2026AU$64.0bAU$8.0bAU$696.7m33.9x91.9x8x
Wed, 31 Dec 2025AU$74.1bAU$8.1bAU$708.0m37.1x104.7x9.2x
Fri, 28 Nov 2025AU$79.3bAU$8.1bAU$718.1m35.1x110.4x9.8x
Sun, 26 Oct 2025AU$95.6bAU$8.0bAU$696.6m36.1x137.3x12x
Tue, 23 Sep 2025AU$101.4bAU$7.9bAU$697.2m33.4x145.5x12.8x
Thu, 21 Aug 2025AU$103.9bAU$7.5bAU$692.1m48.6x150.1x13.8x
Sat, 19 Jul 2025AU$105.2bAU$7.8bAU$587.3m73.8x179.1x13.5x
Mon, 16 Jun 2025AU$99.0bAU$7.9bAU$591.1m74.9x167.4x12.6x
Wed, 14 May 2025AU$91.9bAU$7.7bAU$555.8m89.5x165.4x12x
Fri, 11 Apr 2025AU$78.6bAU$7.8bAU$474.7m61x165.7x10.1x
Sun, 09 Mar 2025AU$83.4bAU$7.7bAU$467.0m57.5x178.6x10.8x
Tue, 04 Feb 2025AU$99.7bAU$7.5bAU$353.0m71.1x282.5x13.3x
Thu, 02 Jan 2025AU$97.2bAU$7.6bAU$345.5m68.2x281.4x12.9x
Sat, 30 Nov 2024AU$100.4bAU$7.5bAU$360.0m63.8x278.8x13.4x
Mon, 28 Oct 2024AU$87.3bAU$7.2bAU$282.4m65.8x309.1x12x
Wed, 25 Sep 2024AU$92.7bAU$7.3bAU$278.6m68.4x332.7x12.8x
Fri, 23 Aug 2024AU$87.3bAU$7.3bAU$206.2m69x423.2x11.9x
Sun, 21 Jul 2024AU$83.4bAU$7.5bAU$7.0m60.8x11967.8x11.1x
Tue, 18 Jun 2024AU$80.7bAU$7.6bAU$4.2m60.2x19007.8x10.5x
Thu, 16 May 2024AU$80.6bAU$7.4b-AU$220,601,082.3060.3x-365.2x10.8x
Sat, 13 Apr 2024AU$77.8bAU$7.5b-AU$272,951,830.1365.3x-285.2x10.4x
Mon, 11 Mar 2024AU$81.4bAU$7.5b-AU$288,053,648.3661x-282.6x10.9x
Wed, 07 Feb 2024AU$66.0bAU$7.5b-AU$660,142,332.1056.4x-100x8.8x
Fri, 05 Jan 2024AU$67.6bAU$8.1b-AU$926,199,390.0057.6x-73x8.3x
Sun, 03 Dec 2023AU$63.9bAU$8.1b-AU$926,509,693.0058.2x-68.9x7.9x
Tue, 31 Oct 2023AU$60.2bAU$7.8b-AU$995,145,660.0053x-60.5x7.7x
Thu, 28 Sep 2023AU$65.1bAU$7.8b-AU$995,081,768.0058.5x-65.4x8.3x
Sat, 26 Aug 2023AU$69.0bAU$7.7b-AU$1,002,373,193.0054.5x-68.8x8.9x
Mon, 24 Jul 2023AU$71.1bAU$7.4b-AU$760,610,757.0047.5x-93.4x9.6x
Wed, 21 Jun 2023AU$70.7bAU$7.4b-AU$768,941,880.0050.2x-91.9x9.5x
Fri, 19 May 2023AU$63.8bAU$7.4b-AU$799,977,892.0044.8x-79.7x8.6x
Sun, 16 Apr 2023AU$61.1bAU$7.3b-AU$726,873,358.0046.1x-84x8.4x
Tue, 14 Mar 2023AU$58.1bAU$7.2b-AU$731,387,429.0045.5x-79.4x8x
Price to Earnings Ratio

-79.4x


Total Market Cap: AU$58.1bTotal Earnings: -AU$731,387,429.00Total Revenue: AU$7.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1587.3x202420252026
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 68.9x 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 6.7x.
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 5.2% 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-2.64%
Tech-2.09%
Software-1.19%
Application Software-1.20%
Systems Software0.46%
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$52.7210.9%
+AU$1.7b		-40.6%PE76x
XRO XeroAU$87.635.4%
+AU$763.3m		-47.2%PE66.3x
TNE Technology OneAU$27.334.8%
+AU$411.3m		-5.2%PE64.8x
CAT Catapult SportsAU$3.9912.1%
+AU$129.7m		7.0%PS6.7x
EIQ Echo IQAU$0.7317.7%
+AU$72.1m		170.4%PS5263x

Latest News

IRE
AU$7.55
Iress
7D
1.2%
1Y
-8.0%
BRN
AU$0.14
BrainChip Holdings
7D
-9.7%
1Y
-31.7%
EIQ
AU$0.73
Echo IQ
7D
17.7%
1Y
170.4%
360
AU$21.87
Life360
7D
-11.0%
1Y
-1.8%
NXL
AU$1.83
Nuix
7D
-4.4%
1Y
-45.0%
XRO
AU$87.63
Xero
7D
5.4%
1Y
-47.2%

XERO Limited's Technical Analysis

1. Momentum & Trend Indicators The MACD is positive at 0.42, suggesting bullish momentum, yet the share price (A$122.35) is just above the 20-day EMA(121.06) and below the 50-day SMA(120.80) – a tug-of-war that keeps the overall trend “neutral-to-bullish”.
TNE
AU$27.33
Technology One
7D
4.8%
1Y
-5.2%

TNE: Higher Growth Assumptions And Margins Will Support Future Upside

Analysts have trimmed their price target on Technology One to A$32.23 from A$34.87. This reflects updated assumptions around a slightly higher discount rate, modestly stronger revenue growth at 14.47%, a marginally higher profit margin of 25.71%, and a lower future P/E of 57.47x.
WTC
AU$52.72
WiseTech Global
7D
10.9%
1Y
-40.6%
VR1
AU$0.033
Vection Technologies
7D
10.0%
1Y
26.9%
EOL
AU$14.46
Energy One
7D
-6.3%
1Y
44.0%
OCL
AU$12.64
Objective
7D
-2.2%
1Y
-13.6%
DUG
AU$2.02
DUG Technology
7D
-6.9%
1Y
66.3%
CAT
AU$3.99
Catapult Sports
7D
12.1%
1Y
7.0%

CAT: Next Generation Performance Platform Will Support Outperformance Over The Coming Year

Analysts have reduced their Catapult Sports fair value estimate from A$6.28 to A$6.10, reflecting slightly softer assumptions on long term profit margins and revenue growth, together with a higher implied future P/E multiple. What's in the News Catapult announced Perch P2, the next generation of its athlete performance ecosystem focused on velocity based training for programming and assessing athlete readiness and training.
FCL
AU$2.36
FINEOS Corporation Holdings
7D
-8.5%
1Y
39.2%
BVS
AU$2.18
Bravura Solutions
7D
4.8%
1Y
-9.9%

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.
HSN
AU$5.16
Hansen Technologies
7D
-2.6%
1Y
1.6%

HSN: Fair Pricing Will Reflect Modest Margin Uplift And 2026 Revenue Outlook

Analysts have adjusted their price target for Hansen Technologies to A$5.30. The change reflects updated views on fair value, a slightly higher discount rate, more moderate revenue growth assumptions, and a small uplift in expected profit margins and future P/E.