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Australian (ASX) Application Software Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies60
  • 7D-13.2%
  • 3M-36.9%
  • 1Y-47.5%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 13%, driven by WiseTech Global declining 18%. On the other hand Vection Technologies is actually up 21%. Overall the industry is down 47% in 12 months. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026AU$55.6bAU$7.9bAU$692.5m35.3x80.3x7x
Wed, 07 Jan 2026AU$71.3bAU$8.0bAU$706.0m36.5x101x8.9x
Fri, 05 Dec 2025AU$79.4bAU$8.1bAU$711.9m33.1x111.5x9.8x
Sun, 02 Nov 2025AU$88.3bAU$7.9bAU$693.3m36.4x127.3x11.1x
Tue, 30 Sep 2025AU$99.2bAU$7.9bAU$696.9m34x142.4x12.5x
Thu, 28 Aug 2025AU$101.1bAU$7.9bAU$680.3m32.9x148.6x12.8x
Sat, 26 Jul 2025AU$106.0bAU$7.8bAU$585.8m74.1x180.9x13.6x
Mon, 23 Jun 2025AU$100.3bAU$7.9bAU$592.4m77.4x169.3x12.8x
Wed, 21 May 2025AU$95.3bAU$7.9bAU$582.4m90.5x163.6x12.1x
Fri, 18 Apr 2025AU$78.0bAU$7.8bAU$471.4m61.3x165.5x10x
Sun, 16 Mar 2025AU$80.0bAU$7.7bAU$467.1m57.3x171.3x10.3x
Tue, 11 Feb 2025AU$100.6bAU$7.5bAU$353.8m70.3x284.4x13.4x
Thu, 09 Jan 2025AU$99.2bAU$7.6bAU$345.7m70.2x287.1x13.1x
Sat, 07 Dec 2024AU$102.9bAU$7.5bAU$359.1m64.5x286.6x13.7x
Mon, 04 Nov 2024AU$90.2bAU$7.3bAU$282.1m64.9x319.6x12.4x
Wed, 02 Oct 2024AU$95.3bAU$7.2bAU$280.1m71.2x340.1x13.2x
Fri, 30 Aug 2024AU$85.9bAU$7.4bAU$244.4m67x351.6x11.6x
Sun, 28 Jul 2024AU$83.0bAU$7.5bAU$6.7m60.6x12334.7x11x
Tue, 25 Jun 2024AU$81.8bAU$7.6bAU$3.2m62.1x25372x10.7x
Thu, 23 May 2024AU$82.4bAU$7.5b-AU$202,232,081.3661.1x-407.4x11.1x
Sat, 20 Apr 2024AU$77.1bAU$7.5b-AU$273,365,969.2763.4x-282x10.3x
Mon, 18 Mar 2024AU$81.1bAU$7.5b-AU$288,006,142.4060.9x-281.4x10.8x
Wed, 14 Feb 2024AU$68.5bAU$7.5b-AU$658,810,511.3056.4x-104x9.2x
Fri, 12 Jan 2024AU$67.3bAU$8.1b-AU$926,476,849.0059.1x-72.7x8.3x
Sun, 10 Dec 2023AU$64.8bAU$8.1b-AU$927,060,093.0060.4x-69.9x8x
Tue, 07 Nov 2023AU$62.6bAU$7.9b-AU$1,043,195,949.0054.4x-60x7.9x
Thu, 05 Oct 2023AU$64.6bAU$7.8b-AU$995,327,227.0058.6x-64.9x8.2x
Sat, 02 Sep 2023AU$69.7bAU$7.8b-AU$991,396,220.0063.4x-70.3x8.9x
Mon, 31 Jul 2023AU$73.9bAU$7.5b-AU$762,794,294.0052.5x-96.9x9.9x
Wed, 28 Jun 2023AU$67.3bAU$7.5b-AU$772,625,085.0046.2x-87.1x9x
Fri, 26 May 2023AU$65.6bAU$7.5b-AU$792,482,696.0044.6x-82.8x8.8x
Sun, 23 Apr 2023AU$61.4bAU$7.2b-AU$726,818,327.0047.3x-84.5x8.5x
Tue, 21 Mar 2023AU$57.3bAU$7.3b-AU$725,693,910.0044.5x-78.9x7.9x
Thu, 16 Feb 2023AU$56.3bAU$6.9b-AU$568,952,592.0053.9x-99x8.2x
Price to Earnings Ratio

-99x


Total Market Cap: AU$56.3bTotal Earnings: -AU$568,952,592.00Total Revenue: AU$6.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1582.9x202420252026
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 80.3x 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 7.0x.
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-2.49%
Tech-11.60%
Software-13.03%
Application Software-13.20%
Systems Software6.13%
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
BVS Bravura SolutionsAU$2.3318.6%
+AU$163.6m		5.0%PE14.1x
ACE AcusensusAU$1.716.9%
+AU$17.8m		36.8%PS4.7x
VR1 Vection TechnologiesAU$0.03317.9%
+AU$11.3m		6.5%PS2x
IOD IODMAU$0.1710.0%
+AU$9.5m		6.5%PS32.1x
IOV Ion VideoAU$0.4613.8%
+AU$5.0m		355.0%PS52.6x

Latest News

BVS
AU$2.33
Bravura Solutions
7D
18.6%
1Y
5.0%
IRE
AU$7.59
Iress
7D
-7.0%
1Y
-17.2%
XRO
AU$82.94
Xero
7D
-11.5%
1Y
-54.7%

XRO: AI Analytics And RBC Upgrade Will Support Stronger Future Returns

Analysts have nudged their Xero fair value estimate slightly higher to about A$230 per share, reflecting updated assumptions around growth, margins and future P/E multiples following recent positive research commentary and upgrades. Analyst Commentary Recent research has generally framed Xero as a high quality growth platform with room for further execution, particularly around monetisation and operating discipline.
SDR
AU$4.34
SiteMinder
7D
-13.2%
1Y
-32.5%

SiteMinder Limited's (ASX:SDR) Popularity With Investors Under Threat As Stock Sinks 32%

Feb 06
SiteMinder Limited's (ASX:SDR) Popularity With Investors Under Threat As Stock Sinks 32%
WTC
AU$49.30
WiseTech Global
7D
-12.6%
1Y
-60.3%

WTC: Future Execution And Investor Day Insights Will Support Bullish Earnings Confidence

Narrative Update on WiseTech Global The updated analyst price target for WiseTech Global has shifted from A$168.58 to A$131.14, as analysts reassessed their fair value assumptions alongside changes in discount rate, revenue growth, profit margin and future P/E expectations. Analyst Commentary Recent external research items reference adjustments to WisdomTree price targets rather than WiseTech Global specifically.
EOL
AU$14.77
Energy One
7D
-13.2%
1Y
107.4%

EOL: Steady Assumptions Will Support Stronger Sentiment And Upside Potential

Analysts have maintained their fair value estimate for Energy One at A$21.66, making only minor adjustments to assumptions such as the discount rate and future P/E. This reflects a broadly unchanged view of the company’s risk and earnings profile.
PKY
AU$0.018
Pathkey.AI
7D
-10.0%
1Y
0%
TNE
AU$22.63
Technology One
7D
-9.3%
1Y
-28.7%

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$4.61
Hansen Technologies
7D
-7.2%
1Y
-19.0%

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$25.74
Life360
7D
-6.5%
1Y
8.5%

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$0.033
Vection Technologies
7D
17.9%
1Y
6.5%

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
ACE
AU$1.71
Acusensus
7D
6.9%
1Y
36.8%
IOV
AU$0.46
Ion Video
7D
13.8%
1Y
355.0%
AV1
AU$0.12
Adveritas
7D
4.3%
1Y
31.9%

Companies Like Adveritas (ASX:AV1) Can Afford To Invest In Growth

Dec 01
Companies Like Adveritas (ASX:AV1) Can Afford To Invest In Growth
IOD
AU$0.17
IODM
7D
10.0%
1Y
6.5%
XPN
AU$0.023
XPON Technologies Group
7D
43.8%
1Y
109.1%