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Australian (ASX) Application Software Industry Analysis

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies61
  • 7D-5.5%
  • 3M-28.1%
  • 1Y-27.8%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 6.2%, driven by WiseTech Global declining 7.7%. However, the industry is down 27% over the past year. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Dec 2025AU$72.6bAU$8.1bAU$711.6m32.4x102x9x
Sat, 15 Nov 2025AU$78.3bAU$8.2bAU$732.2m35.9x106.9x9.6x
Mon, 13 Oct 2025AU$98.7bAU$8.0bAU$697.9m34.6x141.5x12.4x
Wed, 10 Sep 2025AU$98.6bAU$8.0bAU$697.9m33.6x141.4x12.4x
Fri, 08 Aug 2025AU$106.6bAU$7.8bAU$587.4m76.4x181.5x13.6x
Sun, 06 Jul 2025AU$101.8bAU$7.8bAU$588.2m77.5x173x13x
Tue, 03 Jun 2025AU$99.6bAU$7.9bAU$592.9m101.1x167.9x12.6x
Thu, 01 May 2025AU$83.2bAU$7.6bAU$535.7m65.1x155.3x10.9x
Sat, 29 Mar 2025AU$78.6bAU$7.7bAU$468.3m61.6x167.8x10.2x
Mon, 24 Feb 2025AU$100.0bAU$7.5bAU$401.7m66.4x248.8x13.3x
Wed, 22 Jan 2025AU$95.3bAU$7.5bAU$361.6m70.1x263.4x12.7x
Fri, 20 Dec 2024AU$95.4bAU$7.6bAU$346.7m67.1x275.2x12.6x
Sun, 17 Nov 2024AU$100.4bAU$7.5bAU$341.2m65.3x294.3x13.4x
Tue, 15 Oct 2024AU$94.8bAU$7.2bAU$284.9m63.7x332.5x13.1x
Thu, 12 Sep 2024AU$87.9bAU$7.3bAU$276.5m64.1x317.8x12.1x
Sat, 10 Aug 2024AU$73.3bAU$7.2b-AU$107,306,155.6560.2x-683x10.2x
Mon, 08 Jul 2024AU$84.0bAU$7.6bAU$1.9m59.4x45104.1x11.1x
Wed, 05 Jun 2024AU$81.9bAU$7.6bAU$896.1k63.2x91420.3x10.7x
Fri, 03 May 2024AU$78.4bAU$7.4b-AU$226,938,285.9663.2x-345.7x10.6x
Sun, 31 Mar 2024AU$81.0bAU$7.5b-AU$287,480,148.2763x-281.9x10.9x
Tue, 27 Feb 2024AU$76.1bAU$7.5b-AU$420,047,110.9956.3x-181.2x10.2x
Thu, 25 Jan 2024AU$69.6bAU$8.1b-AU$927,262,169.0060.8x-75x8.6x
Sat, 23 Dec 2023AU$68.2bAU$8.1b-AU$925,587,172.0060.8x-73.7x8.4x
Mon, 20 Nov 2023AU$64.2bAU$8.1b-AU$934,871,966.0057.5x-68.7x7.9x
Wed, 18 Oct 2023AU$65.2bAU$7.8b-AU$989,252,234.0057.9x-65.9x8.3x
Fri, 15 Sep 2023AU$67.6bAU$7.8b-AU$994,128,092.0059.9x-68x8.7x
Sun, 13 Aug 2023AU$72.8bAU$7.5b-AU$764,247,067.0050.5x-95.2x9.7x
Tue, 11 Jul 2023AU$67.8bAU$7.5b-AU$763,210,332.0049.2x-88.8x9.1x
Thu, 08 Jun 2023AU$68.0bAU$7.4b-AU$766,821,472.0050.1x-88.7x9.1x
Sat, 06 May 2023AU$61.0bAU$7.3b-AU$731,781,228.0048.9x-83.3x8.4x
Mon, 03 Apr 2023AU$59.5bAU$7.3b-AU$726,900,538.0045.6x-81.8x8.2x
Wed, 01 Mar 2023AU$58.0bAU$7.1b-AU$518,689,890.0046x-111.8x8.1x
Fri, 27 Jan 2023AU$55.7bAU$6.9b-AU$557,769,863.0053x-99.8x8.1x
Sun, 25 Dec 2022AU$52.3bAU$6.9b-AU$570,821,934.0050.1x-91.6x7.6x
Price to Earnings Ratio

-91.6x


Total Market Cap: AU$52.3bTotal Earnings: -AU$570,821,934.00Total Revenue: AU$6.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1573.4x202320242025
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 103x 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 9.0x.
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 5.4% 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-0.028%
Tech-5.07%
Software-5.49%
Application Software-5.46%
Systems Software-8.24%
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$2.672.3%
+AU$26.9m		25.4%PE16.1x
OCL ObjectiveAU$16.991.3%
+AU$22.2m		3.3%PE45.9x
DUG DUG TechnologyAU$2.093.5%
+AU$9.5m		59.5%PS3x
JAN Janison Education GroupAU$0.2714.9%
+AU$9.1m		42.1%PS1.5x
EPX EPXAU$0.2833.3%
+AU$5.3m		55.6%PS1.4x

Latest News

XRO
AU$110.26
Xero
7D
-4.0%
1Y
-35.4%

Is Xero (ASX:XRO) A Risky Investment?

Dec 17
Is Xero (ASX:XRO) A Risky Investment?
WTC
AU$68.04
WiseTech Global
7D
-4.2%
1Y
-42.9%

WTC: Market Outlook Will Balance Higher Risk Assumptions With Stronger Profitability Expectations

Analysts have trimmed their price target on WiseTech Global by approximately A$9 per share. This reflects slightly higher discount rate assumptions, a modestly lower long term revenue growth outlook, and a more conservative future price to earnings multiple, partly offset by a marginally stronger expected profit margin.
DUG
AU$2.09
DUG Technology
7D
3.5%
1Y
59.5%

DUG: Stronger Future Margins And Earnings Are Expected To Drive Upside

Narrative Update on DUG Technology The analyst price target for DUG Technology has been raised from approximately A$2.12 to A$2.41, as analysts now expect stronger revenue growth, modestly higher profit margins, and a slightly richer future price to earnings multiple. Valuation Changes The fair value estimate has risen moderately from A$2.12 to A$2.41 per share, reflecting a higher intrinsic valuation for DUG Technology.
BVS
AU$2.67
Bravura Solutions
7D
2.3%
1Y
25.4%

BVS: Margin Resilience And Index Inclusions Will Support Forward Share Performance

Analysts have trimmed their price target for Bravura Solutions by AUD 4 to reflect softer near term revenue expectations and cautious longer term guidance, even as margins are expected to remain relatively resilient. Analyst Commentary Street research on Bravura Solutions highlights a mixed backdrop, with valuation expectations being reset to reflect softer near term execution, while longer term growth and margin resilience remain key points of debate.
EOL
AU$16.89
Energy One
7D
-4.2%
1Y
159.0%

EOL: Index Inclusion Will Support Stronger Future Market Sentiment

Narrative Update on Energy One Analysts have modestly raised their price target on Energy One by approximately $0.43, citing slightly stronger expectations for revenue growth, improving profit margins, and a lower projected future price-to-earnings (P/E) multiple. What's in the News Energy One Limited (ASX:EOL) has been added to the S&P/ASX Emerging Companies Index, increasing its visibility among institutional and index-tracking investors (Index Constituent Adds).
OCL
AU$16.99
Objective
7D
1.3%
1Y
3.3%

OCL: Index Additions Will Likely Leave Shares Vulnerable To Future De-Rating

Analysts have modestly raised their price target, pointing to improved revenue growth expectations and a slightly higher future valuation multiple, despite a marginal uptick in the discount rate and stable profit margin assumptions. What's in the News Objective Corporation Limited (ASX:OCL) is actively pursuing acquisitions as part of its long standing M&A strategy, targeting deals that align with the strategic mission of each business line (management comments) Objective has been added to the S&P/ASX Small Ordinaries Index, increasing its visibility among small cap investors (index announcement) Objective has also been included in the S&P/ASX 300 Index, signaling broader market recognition and potential benchmark driven demand for the shares (index announcement) Valuation Changes Fair Value has risen slightly from A$8.47 to A$8.98 per share, reflecting higher growth expectations.
360
AU$32.18
Life360
7D
-7.8%
1Y
44.4%

360: Index Inclusion Will Drive Future Upside In Family Safety Platform

Analysts have nudged their price target on Life360 slightly higher to approximately $49.81 per share, reflecting modestly increased confidence in the company’s long term growth and profitability profile, despite only incremental adjustments to discount rate and valuation assumptions. What's in the News Raised 2025 consolidated revenue guidance to a range of $474 million to $485 million, up from $462 million to $482 million, with higher targets across subscription, hardware, and other revenue streams (Corporate guidance) Launched Life360 Pet GPS, a dedicated pet tracker integrated into the Life360 app, expanding the platform into a whole family safety super app covering people, pets, and valuables (Product announcement) Introduced new pet safety features including geofencing and escape alerts, shareable pet profiles, and a community powered Pet Finder Network leveraging Life360's global user base (Product announcement) Added as a constituent to the S&P TMI Index, increasing visibility among institutional investors and index funds (Index inclusion) Included in the S&P Global BMI Index, further broadening Life360's presence in global benchmark indices (Index inclusion) Valuation Changes Fair Value: unchanged at A$49.81 per share, reflecting a stable view of intrinsic value despite minor model tweaks.
BRN
AU$0.16
BrainChip Holdings
7D
-5.9%
1Y
-37.3%
EPX
AU$0.28
EPX
7D
33.3%
1Y
55.6%
SDR
AU$5.95
SiteMinder
7D
-3.6%
1Y
-6.9%
CAT
AU$4.13
Catapult Sports
7D
-5.1%
1Y
22.2%

CAT: Upcoming Industry Momentum Will Fuel Outperformance Over The Coming Year

Narrative Update on Catapult Sports Analysts have revised their price target for Catapult Sports downward from A$7.97 to A$7.02, citing adjustments for fair value and discount rate. However, they maintain a positive outlook due to expectations of sustainable, above-consensus revenue growth in the sports technology sector.
EIQ
AU$0.27
Echo IQ
7D
1.9%
1Y
20.5%
FCL
AU$2.70
FINEOS Corporation Holdings
7D
-2.5%
1Y
45.6%

A Look At The Intrinsic Value Of FINEOS Corporation Holdings plc (ASX:FCL)

Nov 23
A Look At The Intrinsic Value Of FINEOS Corporation Holdings plc (ASX:FCL)
JAN
AU$0.27
Janison Education Group
7D
14.9%
1Y
42.1%
RUL
AU$4.94
RPMGlobal Holdings
7D
0.4%
1Y
66.3%
FLX
AU$0.16
Felix Group Holdings
7D
8.3%
1Y
-26.1%