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Australian (ASX) Application Software Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies65
  • 7D-1.2%
  • 3M-32.6%
  • 1Y-38.7%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 1.2%, driven by a pullback from WiseTech Global of 2.9%. Meanwhile, Echo IQ actually outperformed within the industry, gaining 26% in the last week. The industry has fallen 39% in the last year. Looking forward, 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
Wed, 01 Apr 2026AU$49.9bAU$8.4bAU$818.0m21.2x60.9x5.9x
Fri, 27 Feb 2026AU$56.3bAU$8.3bAU$654.9m33.8x86x6.8x
Sun, 25 Jan 2026AU$69.8bAU$8.0bAU$698.9m32.6x99.9x8.7x
Tue, 23 Dec 2025AU$74.6bAU$8.1bAU$711.9m36.5x104.8x9.2x
Thu, 20 Nov 2025AU$74.2bAU$8.2bAU$734.6m36.8x101.1x9x
Sat, 18 Oct 2025AU$93.9bAU$8.0bAU$698.9m35.2x134.4x11.8x
Mon, 15 Sep 2025AU$99.2bAU$7.9bAU$696.5m33.1x142.5x12.5x
Wed, 13 Aug 2025AU$104.7bAU$7.9bAU$616.7m77.4x169.8x13.3x
Fri, 11 Jul 2025AU$101.5bAU$7.9bAU$588.2m53.4x172.6x12.9x
Sun, 08 Jun 2025AU$100.2bAU$7.8bAU$591.0m78.7x169.5x12.8x
Tue, 06 May 2025AU$86.1bAU$7.6bAU$531.9m66.7x161.8x11.3x
Thu, 03 Apr 2025AU$79.5bAU$7.7bAU$468.4m61.9x169.8x10.3x
Sat, 01 Mar 2025AU$85.1bAU$7.7bAU$464.9m46.8x183x11.1x
Mon, 27 Jan 2025AU$97.3bAU$7.5bAU$363.0m69.9x268x13x
Wed, 25 Dec 2024AU$97.7bAU$7.6bAU$342.4m67.8x285.3x12.9x
Fri, 22 Nov 2024AU$102.5bAU$7.5bAU$349.2m65.6x293.6x13.7x
Sun, 20 Oct 2024AU$90.7bAU$7.2bAU$284.2m64x319x12.5x
Tue, 17 Sep 2024AU$90.3bAU$7.3bAU$276.9m65.8x326.1x12.4x
Thu, 15 Aug 2024AU$75.6bAU$7.1b-AU$107,612,852.2860.2x-702.7x10.6x
Sat, 13 Jul 2024AU$84.7bAU$7.6bAU$294.4k61.7x287761.9x11.2x
Mon, 10 Jun 2024AU$82.8bAU$7.7bAU$4.2m60.9x19630.8x10.8x
Wed, 08 May 2024AU$81.2bAU$7.4b-AU$226,928,305.5562.6x-357.7x10.9x
Fri, 05 Apr 2024AU$78.7bAU$7.4b-AU$287,087,422.5461.7x-274.2x10.6x
Sun, 03 Mar 2024AU$80.8bAU$7.6b-AU$339,560,305.7762.8x-237.8x10.6x
Tue, 30 Jan 2024AU$68.0bAU$8.1b-AU$926,890,140.0059.5x-73.4x8.4x
Thu, 28 Dec 2023AU$69.1bAU$8.1b-AU$925,437,236.0060.2x-74.7x8.5x
Sat, 25 Nov 2023AU$62.2bAU$8.1b-AU$934,496,818.0057.8x-66.6x7.7x
Mon, 23 Oct 2023AU$61.7bAU$7.8b-AU$996,529,113.0057.3x-61.9x7.9x
Wed, 20 Sep 2023AU$67.2bAU$7.8b-AU$993,883,172.0059x-67.6x8.6x
Fri, 18 Aug 2023AU$71.3bAU$7.6b-AU$708,870,146.0049.5x-100.6x9.4x
Sun, 16 Jul 2023AU$71.1bAU$7.4b-AU$760,614,395.0048x-93.5x9.6x
Tue, 13 Jun 2023AU$66.9bAU$7.4b-AU$765,915,050.0049.5x-87.3x9x
Thu, 11 May 2023AU$61.1bAU$7.3b-AU$731,180,540.0046.2x-83.5x8.4x
Sat, 08 Apr 2023AU$60.4bAU$7.3b-AU$727,932,480.0043.8x-82.9x8.3x
Price to Earnings Ratio

-82.9x


Total Market Cap: AU$60.4bTotal Earnings: -AU$727,932,480.00Total Revenue: AU$7.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1590.6x202420252026
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 60.9x 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 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 Market1.07%
Tech-2.32%
Software-1.19%
Application Software-1.22%
Systems Software2.47%
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
XRO XeroAU$76.993.0%
+AU$378.6m		-50.6%PE59.1x
TNE Technology OneAU$27.901.7%
+AU$150.1m		-2.8%PE66.2x
360 Life360AU$19.871.4%
+AU$65.0m		-2.7%PE21.9x
EIQ Echo IQAU$0.9011.9%
+AU$62.5m		203.4%PS6480.4x
BRN BrainChip HoldingsAU$0.157.1%
+AU$22.5m		-26.8%PS123.6x

Latest News

FCL
AU$2.29
FINEOS Corporation Holdings
7D
-4.6%
1Y
11.2%
CAT
AU$3.44
Catapult Sports
7D
-3.1%
1Y
0.9%
OCL
AU$11.83
Objective
7D
-2.0%
1Y
-20.2%

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$0.90
Echo IQ
7D
11.9%
1Y
203.4%
BVS
AU$2.08
Bravura Solutions
7D
2.0%
1Y
-8.0%

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.
IRE
AU$6.97
Iress
7D
-2.5%
1Y
-13.7%
WTC
AU$39.58
WiseTech Global
7D
-0.08%
1Y
-52.9%
360
AU$19.87
Life360
7D
1.4%
1Y
-2.7%

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.
XRO
AU$76.99
Xero
7D
3.0%
1Y
-50.6%
DUG
AU$2.02
DUG Technology
7D
-2.4%
1Y
85.3%

DUG: Updated Growth Assumptions Will Support Further Upside Potential

Analysts have slightly adjusted their price target on DUG Technology to A$2.48 from A$2.48, reflecting updated assumptions around revenue growth, profit margins and future P/E without materially changing their overall valuation view. Valuation Changes Fair Value: A$2.48 is essentially unchanged, moving from A$2.48 to A$2.48 on updated inputs.
TNE
AU$27.90
Technology One
7D
1.7%
1Y
-2.8%

TNE: Higher Margin Outlook Will Support Future Upside Potential

Analysts have reduced their price target for Technology One from A$44.55 to A$40.32, citing updated assumptions for discount rate, revenue growth, profit margins and future P/E that result in a slight adjustment to the valuation outlook. Valuation Changes Fair Value: Adjusted from A$44.55 to A$40.32, indicating a modest reduction in the assessed value per share.
BRN
AU$0.15
BrainChip Holdings
7D
7.1%
1Y
-26.8%
IOD
AU$0.12
IODM
7D
-14.3%
1Y
-33.3%
CCR
AU$0.18
Credit Clear
7D
-7.5%
1Y
-17.8%
ACE
AU$1.49
Acusensus
7D
4.2%
1Y
40.6%
SDR
AU$3.04
SiteMinder
7D
1.3%
1Y
-28.6%