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Australian (ASX) Application Software Industry Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies60
  • 7D-8.2%
  • 3M-35.2%
  • 1Y-51.4%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 4.8%, driven by declines in WiseTech Global and Xero of 10% and 10%, respectively. In contrast, Bravura Solutions has gained 16%. Overall the industry is down 47% in 12 months. 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, 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
Sun, 26 Mar 2023AU$57.9bAU$7.3b-AU$727,887,638.0045x-79.5x8x
Tue, 21 Feb 2023AU$55.8bAU$6.9b-AU$579,071,893.0048.9x-96.4x8.1x
Price to Earnings Ratio

-96.4x


Total Market Cap: AU$55.8bTotal Earnings: -AU$579,071,893.00Total Revenue: AU$6.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1583.8x202420252026
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 83.9x 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 6.9x.
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 4.7% 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 Market2.05%
Tech-4.69%
Software-8.26%
Application Software-8.19%
Systems Software-14.59%
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$2.0815.6%
+AU$125.5m		-25.2%PE24x
EIQ Echo IQAU$0.5315.4%
+AU$45.8m		75.0%PS3384.7x
EOL Energy OneAU$14.118.0%
+AU$32.8m		98.7%PE75.5x
ACE AcusensusAU$1.8011.1%
+AU$29.2m		44.0%PS4.9x
DUG DUG TechnologyAU$1.758.7%
+AU$19.0m		39.4%PS2.7x

Latest News

360
AU$22.02
Life360
7D
-11.8%
1Y
-11.0%

Some Confidence Is Lacking In Life360, Inc. (ASX:360) As Shares Slide 27%

Feb 13
Some Confidence Is Lacking In Life360, Inc. (ASX:360) As Shares Slide 27%
WTC
AU$42.62
WiseTech Global
7D
-10.5%
1Y
-65.6%

WiseTech Global Limited (ASX:WTC) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless

Feb 12
WiseTech Global Limited (ASX:WTC) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless
NXL
AU$1.38
Nuix
7D
-7.7%
1Y
-71.5%

Should You Think About Buying Nuix Limited (ASX:NXL) Now?

Feb 12
Should You Think About Buying Nuix Limited (ASX:NXL) Now?
BVS
AU$2.08
Bravura Solutions
7D
15.6%
1Y
-25.2%
IRI
AU$0.33
Integrated Research
7D
8.3%
1Y
-26.1%
TNE
AU$20.17
Technology One
7D
-7.7%
1Y
-37.4%

Why We Think Shareholders May Be Considering Bumping Up Technology One Limited's (ASX:TNE) CEO Compensation

Feb 11
Why We Think Shareholders May Be Considering Bumping Up Technology One Limited's (ASX:TNE) CEO Compensation
ACE
AU$1.80
Acusensus
7D
11.1%
1Y
44.0%
OCL
AU$13.19
Objective
7D
-5.9%
1Y
-16.0%

OCL: Share Buyback And Acquisition Plans Will Likely Sustain Overvaluation

Analysts have adjusted their price target to reflect updated assumptions for discount rates, revenue growth, profit margins and future P/E, which they believe better capture the current risk and earnings profile of the company. What's in the News The Board of Directors of Objective Corporation Limited authorized a share buyback plan on January 23, 2026, signaling an intention to return capital to shareholders over time (Key Developments).
DUG
AU$1.75
DUG Technology
7D
8.7%
1Y
39.4%

DUG: Higher Margin Outlook And Richer P/E Assumptions Will Support Upside

Analysts have lifted their price target on DUG Technology to A$2.47 from A$2.38, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. Valuation Changes Fair Value: Updated fair value per share moved from A$2.38 to A$2.47, a small uplift in the model output.
IRE
AU$7.02
Iress
7D
-5.8%
1Y
-25.6%
XRO
AU$73.49
Xero
7D
-10.1%
1Y
-60.4%

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$3.46
SiteMinder
7D
-14.8%
1Y
-46.6%

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%
EIQ
AU$0.53
Echo IQ
7D
15.4%
1Y
75.0%
EOL
AU$14.11
Energy One
7D
8.0%
1Y
98.7%

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.
ESK
AU$0.56
Etherstack
7D
4.7%
1Y
60.0%
IOD
AU$0.17
IODM
7D
6.3%
1Y
13.3%