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Australian (ASX) Application Software Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies60
  • 7D0.9%
  • 3M-25.4%
  • 1Y-25.8%
  • YTDn/a

The Application Software industry has stayed flat over the last week. Unfortunately though, the industry is down 26% over the past 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
Tue, 13 Jan 2026AU$72.9bAU$8.0bAU$705.7m35.3x103.3x9.1x
Thu, 11 Dec 2025AU$76.7bAU$8.1bAU$709.7m34.4x108.1x9.5x
Sat, 08 Nov 2025AU$84.9bAU$7.9bAU$694.1m35.8x122.3x10.7x
Mon, 06 Oct 2025AU$100.9bAU$7.9bAU$693.8m35.2x145.4x12.7x
Wed, 03 Sep 2025AU$99.0bAU$8.0bAU$698.6m33x141.7x12.4x
Fri, 01 Aug 2025AU$107.5bAU$7.8bAU$590.9m75.4x181.9x13.7x
Sun, 29 Jun 2025AU$99.2bAU$7.8bAU$590.0m77x168.1x12.6x
Tue, 27 May 2025AU$97.2bAU$7.9bAU$590.0m95.3x164.8x12.3x
Thu, 24 Apr 2025AU$79.6bAU$7.7bAU$536.8m61.7x148.3x10.4x
Sat, 22 Mar 2025AU$80.4bAU$7.8bAU$469.7m59.6x171.1x10.4x
Mon, 17 Feb 2025AU$101.8bAU$7.5bAU$417.4m54.9x243.9x13.6x
Wed, 15 Jan 2025AU$94.4bAU$7.5bAU$353.0m70.2x267.5x12.6x
Fri, 13 Dec 2024AU$97.6bAU$7.5bAU$349.2m64.9x279.4x13x
Sun, 10 Nov 2024AU$95.5bAU$7.3bAU$282.3m64.2x338.4x13.2x
Tue, 08 Oct 2024AU$93.6bAU$7.2bAU$285.4m64.5x327.9x13x
Thu, 05 Sep 2024AU$86.5bAU$7.4bAU$280.3m66x308.6x11.8x
Sat, 03 Aug 2024AU$74.9bAU$7.1b-AU$97,744,605.7961.4x-766.5x10.5x
Mon, 01 Jul 2024AU$85.3bAU$7.6bAU$2.4m61.6x35032.1x11.2x
Wed, 29 May 2024AU$83.6bAU$7.6b-AU$1,220,210.0463.3x-68547.8x11x
Fri, 26 Apr 2024AU$78.0bAU$7.5b-AU$272,877,007.4062.8x-285.7x10.4x
Sun, 24 Mar 2024AU$81.9bAU$7.5b-AU$287,690,781.9861.3x-284.8x11x
Tue, 20 Feb 2024AU$71.7bAU$7.5b-AU$654,051,906.0051.8x-109.6x9.6x
Thu, 18 Jan 2024AU$67.5bAU$8.1b-AU$927,775,377.0058.4x-72.8x8.3x
Sat, 16 Dec 2023AU$68.2bAU$8.1b-AU$926,272,792.0060.7x-73.7x8.4x
Mon, 13 Nov 2023AU$61.8bAU$8.1b-AU$981,223,183.0055.2x-63x7.6x
Wed, 11 Oct 2023AU$65.0bAU$7.8b-AU$989,100,635.0057.5x-65.7x8.3x
Fri, 08 Sep 2023AU$68.7bAU$7.8b-AU$994,843,517.0060.7x-69.1x8.8x
Sun, 06 Aug 2023AU$74.0bAU$7.5b-AU$764,858,835.0051.7x-96.7x9.9x
Tue, 04 Jul 2023AU$68.9bAU$7.5b-AU$761,738,928.0049.5x-90.5x9.2x
Thu, 01 Jun 2023AU$67.2bAU$7.5b-AU$793,190,927.0045.2x-84.7x9x
Sat, 29 Apr 2023AU$62.0bAU$7.3b-AU$730,282,921.0047.9x-84.9x8.5x
Mon, 27 Mar 2023AU$57.9bAU$7.3b-AU$727,569,870.0045x-79.5x8x
Wed, 22 Feb 2023AU$55.8bAU$6.9b-AU$574,913,416.0053.1x-97.1x8.1x
Fri, 20 Jan 2023AU$54.7bAU$6.8b-AU$576,334,253.0054.1x-94.9x8x
Price to Earnings Ratio

-94.9x


Total Market Cap: AU$54.7bTotal Earnings: -AU$576,334,253.00Total Revenue: AU$6.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1578.1x202420252026
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 9.1x.
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 5.6% 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 Market0.73%
Tech2.94%
Software0.84%
Application Software0.88%
Systems Software-2.21%
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$67.112.5%
+AU$548.7m		-43.8%PE74.8x
XRO XeroAU$108.000.8%
+AU$146.1m		-34.6%PE79.8x
TNE Technology OneAU$27.531.4%
+AU$124.0m		-5.2%PE65.3x
FCL FINEOS Corporation HoldingsAU$3.065.5%
+AU$55.1m		60.2%PS4.5x
EIQ Echo IQAU$0.3332.0%
+AU$52.0m		32.0%PS2116.1x

Latest News

TNE
AU$27.53
Technology One
7D
1.4%
1Y
-5.2%
RDY
AU$2.46
ReadyTech Holdings
7D
-1.6%
1Y
-22.9%
OCL
AU$16.47
Objective
7D
2.1%
1Y
5.1%

OCL: Mission-Aligned Acquisitions Will Support Stronger Long-Term Outlook

Analysts have kept their price target steady at $25.00, indicating largely unchanged fair value assumptions with only minor adjustments to the discount rate, revenue growth outlook, profit margin, and future P/E inputs. What's in the News Objective Corporation Limited is actively looking for acquisitions, with management indicating that mergers and acquisitions remain part of the company’s heritage and ongoing plans.
IRE
AU$8.40
Iress
7D
1.8%
1Y
-8.9%
XRO
AU$108.00
Xero
7D
0.8%
1Y
-34.6%

XRO: Higher Revenue Outlook Will Be Balanced By Thinner Margins

Analysts have reduced their fair value estimate for Xero from A$134.61 to A$109.01, linking this change to updated assumptions that combine higher expected revenue growth with a lower profit margin profile and a higher future P/E multiple. Valuation Changes Fair value estimate reduced from A$134.61 to A$109.01, reflecting updated assumptions.
WTC
AU$67.11
WiseTech Global
7D
2.5%
1Y
-43.8%

WTC: Analyst Day Insights Will Support Long-Term Share Price Appreciation

Analysts have trimmed their fair value estimate for WiseTech Global to A$107.32 from A$113.39, reflecting slightly adjusted assumptions for the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News WiseTech Global has scheduled an Analyst and Investor Day for 27 November 2025, classified as an Analyst/Investor Day event.
360
AU$30.67
Life360
7D
-1.1%
1Y
43.7%

360: Incremental Index And Pet Revenue Will Still Not Justify Price

Analysts have made a small trim to their fair value estimate for Life360 to approximately A$29.75 per share, citing updated assumptions that now reflect slightly lower revenue growth, profit margins, and a higher future P/E multiple. What's in the News Life360, Inc.
SDR
AU$5.92
SiteMinder
7D
1.4%
1Y
3.3%
ACE
AU$1.65
Acusensus
7D
-2.1%
1Y
58.9%
JAN
AU$0.27
Janison Education Group
7D
-7.0%
1Y
47.2%

Janison Education Group Limited (ASX:JAN) Held Back By Insufficient Growth Even After Shares Climb 27%

Dec 23
Janison Education Group Limited (ASX:JAN) Held Back By Insufficient Growth Even After Shares Climb 27%
CCR
AU$0.26
Credit Clear
7D
-5.6%
1Y
-20.3%

Credit Clear Limited's (ASX:CCR) Share Price Is Matching Sentiment Around Its Revenues

Dec 22
Credit Clear Limited's (ASX:CCR) Share Price Is Matching Sentiment Around Its Revenues
HTG
AU$0.019
Harvest Technology Group
7D
-17.4%
1Y
0%
AIM
AU$0.72
Ai-Media Technologies
7D
-2.7%
1Y
-5.8%
CAT
AU$4.10
Catapult Sports
7D
-0.2%
1Y
24.6%

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$0.33
Echo IQ
7D
32.0%
1Y
32.0%
FCL
AU$3.06
FINEOS Corporation Holdings
7D
5.5%
1Y
60.2%

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)