Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Application Software Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies60
  • 7D-6.9%
  • 3M-26.2%
  • 1Y-37.8%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 6.9%, driven by declines in WiseTech Global and Xero of 16% and 17%, respectively. On the other hand Vection Technologies is actually up 23%. The industry has fallen 38% in the last year. Looking forward, 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
Thu, 05 Feb 2026AU$64.5bAU$7.9bAU$694.3m34.7x92.9x8.1x
Sat, 03 Jan 2026AU$74.2bAU$8.1bAU$707.5m37.5x104.8x9.2x
Mon, 01 Dec 2025AU$80.5bAU$8.1bAU$717.1m34.8x112.3x10x
Wed, 29 Oct 2025AU$91.5bAU$7.9bAU$693.9m36.4x131.9x11.5x
Fri, 26 Sep 2025AU$100.0bAU$7.9bAU$696.2m34.2x143.6x12.6x
Sun, 24 Aug 2025AU$104.4bAU$7.9bAU$703.2m35.1x148.4x13.2x
Tue, 22 Jul 2025AU$105.3bAU$7.8bAU$587.7m72.6x179.2x13.5x
Thu, 19 Jun 2025AU$101.2bAU$7.9bAU$591.6m76.3x171x12.9x
Sat, 17 May 2025AU$93.4bAU$7.8bAU$566.8m91.8x164.8x11.9x
Mon, 14 Apr 2025AU$77.9bAU$7.8bAU$472.0m60.4x165x10x
Wed, 12 Mar 2025AU$80.3bAU$7.7bAU$468.0m58x171.5x10.4x
Fri, 07 Feb 2025AU$102.0bAU$7.5bAU$354.1m70.3x288.1x13.6x
Sun, 05 Jan 2025AU$98.1bAU$7.5bAU$345.8m68.4x283.9x13x
Tue, 03 Dec 2024AU$101.0bAU$7.5bAU$360.2m64.2x280.3x13.4x
Thu, 31 Oct 2024AU$89.2bAU$7.3bAU$282.7m64x315.7x12.3x
Sat, 28 Sep 2024AU$94.0bAU$7.3bAU$279.3m69x336.5x13x
Mon, 26 Aug 2024AU$86.8bAU$7.3bAU$222.4m68.2x390.4x11.8x
Wed, 24 Jul 2024AU$84.4bAU$7.5bAU$7.0m60.8x11980.7x11.2x
Fri, 21 Jun 2024AU$80.9bAU$7.6bAU$2.9m62.2x27548.1x10.6x
Sun, 19 May 2024AU$80.4bAU$7.4b-AU$220,670,310.4959.6x-364.5x10.8x
Tue, 16 Apr 2024AU$76.8bAU$7.5b-AU$272,968,150.8963x-281.4x10.3x
Thu, 14 Mar 2024AU$82.6bAU$7.5b-AU$288,068,350.5860.9x-286.9x11.1x
Sat, 10 Feb 2024AU$68.3bAU$7.5b-AU$660,561,272.3955.6x-103.4x9.1x
Mon, 08 Jan 2024AU$66.1bAU$8.1b-AU$926,354,021.0057.1x-71.4x8.2x
Wed, 06 Dec 2023AU$64.1bAU$8.2b-AU$927,634,309.0058.4x-69.2x7.9x
Fri, 03 Nov 2023AU$61.9bAU$7.9b-AU$1,043,704,355.0055.1x-59.3x7.8x
Sun, 01 Oct 2023AU$64.7bAU$7.8b-AU$994,718,566.0058.5x-65.1x8.3x
Tue, 29 Aug 2023AU$68.7bAU$7.7b-AU$1,050,355,105.0061.3x-65.4x8.9x
Thu, 27 Jul 2023AU$72.4bAU$7.4b-AU$760,165,745.0047.5x-95.2x9.7x
Sat, 24 Jun 2023AU$67.2bAU$7.5b-AU$771,753,764.0049.5x-87x9x
Mon, 22 May 2023AU$65.0bAU$7.5b-AU$800,360,605.0045.3x-81.2x8.7x
Wed, 19 Apr 2023AU$63.3bAU$7.2b-AU$725,865,992.0046.6x-87.2x8.7x
Fri, 17 Mar 2023AU$57.5bAU$7.2b-AU$730,434,990.0046.4x-78.8x8x
Sun, 12 Feb 2023AU$55.8bAU$6.9b-AU$562,447,100.0053x-99.2x8.1x
Price to Earnings Ratio

-99.2x


Total Market Cap: AU$55.8bTotal Earnings: -AU$562,447,100.00Total Revenue: AU$6.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1582.2x202420252026
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 92.9x 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 8.1x.
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 4.8% 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-1.35%
Tech-5.76%
Software-6.66%
Application Software-6.90%
Systems Software22.51%
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
VR1 Vection TechnologiesAU$0.03822.6%
+AU$15.9m		22.6%PS2.3x
IOV Ion VideoAU$0.4033.3%
+AU$9.1m		100.0%PS46.2x
SNS SenSen NetworksAU$0.04720.5%
+AU$6.6m		20.5%PE86.7x
XPN XPON Technologies GroupAU$0.02592.3%
+AU$5.9m		150.0%PS1.4x
BEO BeonicAU$0.1935.7%
+AU$3.4m		-5.0%PS0.6x

Latest News

BEO
AU$0.19
Beonic
7D
35.7%
1Y
-5.0%

Beonic Limited (ASX:BEO) Surges 41% Yet Its Low P/S Is No Reason For Excitement

Feb 04
Beonic Limited (ASX:BEO) Surges 41% Yet Its Low P/S Is No Reason For Excitement
BVS
AU$1.84
Bravura Solutions
7D
-17.3%
1Y
-15.4%

The Market Doesn't Like What It Sees From Bravura Solutions Limited's (ASX:BVS) Revenues Yet As Shares Tumble 29%

Feb 04
The Market Doesn't Like What It Sees From Bravura Solutions Limited's (ASX:BVS) Revenues Yet As Shares Tumble 29%
SDR
AU$4.52
SiteMinder
7D
-14.4%
1Y
-28.4%
NXL
AU$1.52
Nuix
7D
-22.3%
1Y
-68.0%
XRO
AU$80.82
Xero
7D
-17.5%
1Y
-56.3%
WTC
AU$51.25
WiseTech Global
7D
-15.6%
1Y
-59.6%
CCR
AU$0.24
Credit Clear
7D
2.1%
1Y
-16.9%
TNE
AU$22.65
Technology One
7D
-14.4%
1Y
-28.8%

TNE: Elevated P/E And M&A Plans Will Shape Balanced Future Returns

Analysts have trimmed their price target for Technology One to A$23.44 from A$23.74, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Technology One is actively seeking acquisitions that add new intellectual property to its portfolio, with management highlighting interest in targets that fit its existing verticals and regions (Full Year Results announcement).
HSN
AU$4.65
Hansen Technologies
7D
-12.3%
1Y
-18.1%

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.
360
AU$26.94
Life360
7D
-5.5%
1Y
10.9%

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).
VR1
AU$0.038
Vection Technologies
7D
22.6%
1Y
22.6%

Vection Technologies Limited's (ASX:VR1) Revenues Are Not Doing Enough For Some Investors

Jan 06
Vection Technologies Limited's (ASX:VR1) Revenues Are Not Doing Enough For Some Investors
SNS
AU$0.047
SenSen Networks
7D
20.5%
1Y
20.5%

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
IOV
AU$0.40
Ion Video
7D
33.3%
1Y
100.0%
ADS
AU$0.0015
Adslot
7D
50.0%
1Y
50.0%
XPN
AU$0.025
XPON Technologies Group
7D
92.3%
1Y
150.0%
DWG
AU$0.19
DataWorks Group
7D
18.8%
1Y
18.8%