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Australian (ASX) Application Software Industry Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies64
  • 7D14.2%
  • 3M-17.0%
  • 1Y-29.5%
  • YTDn/a

The Application Software industry is up 14% in the last week, with WiseTech Global up 22%. Meanwhile, IODM actually underperformed within the industry, shrinking 5.7% in the last week. In the past year, the industry is down 30%. 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
Tue, 21 Apr 2026AU$56.5bAU$8.3bAU$799.0m24.6x70.7x6.8x
Thu, 19 Mar 2026AU$53.0bAU$8.3bAU$803.5m22.2x65.9x6.3x
Sat, 14 Feb 2026AU$51.0bAU$7.9bAU$657.3m28.2x77.7x6.4x
Mon, 12 Jan 2026AU$72.7bAU$8.0bAU$706.1m35.3x103x9x
Wed, 10 Dec 2025AU$78.0bAU$8.1bAU$710.4m34.4x109.8x9.6x
Fri, 07 Nov 2025AU$86.9bAU$7.9bAU$693.6m35.6x125.4x11x
Sun, 05 Oct 2025AU$100.9bAU$7.9bAU$694.0m35.2x145.4x12.7x
Tue, 02 Sep 2025AU$98.4bAU$8.0bAU$696.9m33.6x141.2x12.3x
Thu, 31 Jul 2025AU$106.2bAU$7.8bAU$588.9m75.1x180.4x13.6x
Sat, 28 Jun 2025AU$99.1bAU$7.8bAU$589.5m77x168.2x12.6x
Mon, 26 May 2025AU$95.6bAU$7.9bAU$590.0m95x162x12.1x
Wed, 23 Apr 2025AU$76.8bAU$7.8bAU$470.6m60.4x163.2x9.9x
Fri, 21 Mar 2025AU$80.9bAU$7.8bAU$469.3m60.1x172.4x10.4x
Sun, 16 Feb 2025AU$101.8bAU$7.5bAU$417.4m54.9x243.9x13.6x
Tue, 14 Jan 2025AU$95.2bAU$7.5bAU$351.8m68.6x270.7x12.7x
Thu, 12 Dec 2024AU$97.0bAU$7.5bAU$349.1m65.6x277.8x12.9x
Sat, 09 Nov 2024AU$95.5bAU$7.2bAU$282.9m64.2x337.7x13.2x
Mon, 07 Oct 2024AU$92.1bAU$7.2bAU$286.0m66.1x322x12.7x
Wed, 04 Sep 2024AU$88.3bAU$7.4bAU$274.5m67.6x321.6x12x
Fri, 02 Aug 2024AU$77.4bAU$7.1b-AU$98,021,982.9662.5x-789.2x10.8x
Sun, 30 Jun 2024AU$85.3bAU$7.6bAU$2.4m61.6x35032.4x11.2x
Tue, 28 May 2024AU$83.6bAU$7.6b-AU$1,196,629.8663.1x-69902x11x
Thu, 25 Apr 2024AU$78.0bAU$7.5b-AU$272,827,486.1662.8x-285.7x10.4x
Sat, 23 Mar 2024AU$81.9bAU$7.5b-AU$287,772,251.4761.3x-284.7x11x
Mon, 19 Feb 2024AU$72.7bAU$7.5b-AU$654,011,123.6352.5x-111.2x9.7x
Wed, 17 Jan 2024AU$67.4bAU$8.1b-AU$927,309,474.0058.6x-72.6x8.3x
Fri, 15 Dec 2023AU$66.3bAU$8.1b-AU$926,139,191.0061x-71.6x8.2x
Sun, 12 Nov 2023AU$61.8bAU$8.1b-AU$981,223,183.0055.2x-63x7.6x
Tue, 10 Oct 2023AU$63.4bAU$7.8b-AU$989,324,199.0056.5x-64.1x8.1x
Thu, 07 Sep 2023AU$68.9bAU$7.8b-AU$994,840,840.0061.1x-69.2x8.8x
Sat, 05 Aug 2023AU$74.0bAU$7.5b-AU$764,732,608.0051.7x-96.7x9.9x
Mon, 03 Jul 2023AU$70.0bAU$7.5b-AU$761,519,899.0047.8x-92x9.4x
Wed, 31 May 2023AU$67.3bAU$7.5b-AU$791,787,296.0045.4x-85x9x
Fri, 28 Apr 2023AU$61.9bAU$7.3b-AU$729,541,102.0049.1x-84.9x8.5x
Price to Earnings Ratio

-84.9x


Total Market Cap: AU$61.9bTotal Earnings: -AU$729,541,102.00Total Revenue: AU$7.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1593.3x202420252026
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 70.7x 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 6.8x.
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 4.3% 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 Market0.25%
Tech11.65%
Software14.18%
Application Software14.21%
Systems Software11.25%
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$45.4922.4%
+AU$2.8b		-44.5%PE66.8x
XRO XeroAU$82.1516.7%
+AU$2.0b		-47.0%PE63.8x
360 Life360AU$22.4825.5%
+AU$1.1b		14.1%PE25.8x
TNE Technology OneAU$30.4912.0%
+AU$1.1b		8.5%PE72.3x
EIQ Echo IQAU$1.2339.8%
+AU$231.3m		310.0%PS8941.5x

Latest News

360
AU$22.48
Life360
7D
25.5%
1Y
14.1%
XRO
AU$82.15
Xero
7D
16.7%
1Y
-47.0%

XRO: AI Partnership And Upgrade Will Shape Future Earnings And Execution Risk

Analysts have trimmed their Xero price target by about A$1 to around A$83.66, reflecting a slightly higher discount rate, modest adjustments to long term revenue growth and profit margin assumptions, and updated long run P/E expectations following recent research, including an upgrade from RBC Capital. Analyst Commentary Even with the recent upgrade, the latest research around Xero still includes a clear set of caution flags that readers should keep in mind when thinking about risk and return.
EIQ
AU$1.23
Echo IQ
7D
39.8%
1Y
310.0%
WTC
AU$45.49
WiseTech Global
7D
22.4%
1Y
-44.5%

WTC: Execution And Integration Discipline Will Shape Future Earnings And Dividend Outcomes

Analysts have reduced their WiseTech Global price target to about A$47.52 from roughly A$56.40, reflecting updated views on growth, margins and valuation multiples. Analyst Commentary Recent revisions to WiseTech Global price targets highlight a more cautious tone from some bearish analysts, even as interest in the broader logistics and software space continues.
RKN
AU$0.46
Reckon
7D
-3.2%
1Y
-4.2%
TNE
AU$30.49
Technology One
7D
12.0%
1Y
8.5%

TNE: Index Removals Will Create Future Opportunity From Modestly Lowered Expectations

Analysts have trimmed their price target for Technology One by A$0.76 to reflect updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Technology One Limited (ASX:TNE) removed as a constituent of the S&P International 700 Index (Index Constituent Drops).
IOD
AU$0.17
IODM
7D
-5.7%
1Y
6.5%
VR1
AU$0.031
Vection Technologies
7D
-3.1%
1Y
63.2%
BVS
AU$2.18
Bravura Solutions
7D
11.8%
1Y
0%

BVS: Higher Earnings Visibility And Dividends May Support Future Share Rebound

Analysts have lifted their A$ price target for Bravura Solutions, citing revised assumptions for improved revenue growth along with slightly lower discount and P/E inputs as the main factors behind the change. Analyst Commentary Bullish analysts are framing the latest A$ price target move for Bravura Solutions as a sign of increasing confidence in the company’s ability to execute on its revenue plans, especially with updated assumptions that point to a stronger top line and a refined valuation framework.
W2V
AU$0.07
Way 2 Vat
7D
-9.1%
1Y
0%
OLL
AU$0.023
OpenLearning
7D
-8.0%
1Y
53.3%
FCL
AU$2.52
FINEOS Corporation Holdings
7D
13.5%
1Y
36.2%
DWG
AU$0.14
DataWorks Group
7D
-12.5%
1Y
-26.3%
SDR
AU$3.32
SiteMinder
7D
13.7%
1Y
-13.8%
FLX
AU$0.086
Felix Group Holdings
7D
-9.5%
1Y
-58.6%
GTI
AU$0.05
Gratifii
7D
-9.1%
1Y
-41.2%