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Australian (ASX) Application Software Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies60
  • 7D-13.2%
  • 3M-35.1%
  • 1Y-47.5%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 13%, driven by WiseTech Global declining 18%. In contrast, Vection Technologies has gained 21%. However, the industry is down 47% over the past year. 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
Sun, 08 Feb 2026AU$55.6bAU$7.9bAU$692.5m35.3x80.3x7x
Tue, 06 Jan 2026AU$72.2bAU$8.0bAU$707.5m37.8x102.1x9x
Thu, 04 Dec 2025AU$79.0bAU$8.1bAU$712.8m33.8x110.8x9.7x
Sat, 01 Nov 2025AU$88.4bAU$7.9bAU$693.4m36.4x127.5x11.1x
Mon, 29 Sep 2025AU$99.7bAU$7.9bAU$697.6m34.3x143x12.5x
Wed, 27 Aug 2025AU$105.4bAU$7.9bAU$698.3m32.3x150.9x13.3x
Fri, 25 Jul 2025AU$105.8bAU$7.8bAU$584.0m74x181.2x13.6x
Sun, 22 Jun 2025AU$100.3bAU$7.8bAU$590.5m77.4x169.8x12.8x
Tue, 20 May 2025AU$92.9bAU$7.8bAU$565.5m91.6x164.2x11.9x
Thu, 17 Apr 2025AU$78.1bAU$7.8bAU$469.4m61.2x166.5x10.1x
Sat, 15 Mar 2025AU$80.0bAU$7.7bAU$467.8m57.3x171.1x10.3x
Mon, 10 Feb 2025AU$102.6bAU$7.5bAU$353.9m70.6x289.9x13.7x
Wed, 08 Jan 2025AU$100.1bAU$7.5bAU$347.0m69.1x288.5x13.3x
Fri, 06 Dec 2024AU$103.6bAU$7.5bAU$359.7m63.8x288.2x13.8x
Sun, 03 Nov 2024AU$90.2bAU$7.3bAU$282.1m64.9x319.6x12.4x
Tue, 01 Oct 2024AU$94.9bAU$7.2bAU$279.8m70.2x339.3x13.1x
Thu, 29 Aug 2024AU$85.5bAU$7.4bAU$243.3m67.5x351.6x11.6x
Sat, 27 Jul 2024AU$83.0bAU$7.5bAU$6.8m60.6x12117x11x
Mon, 24 Jun 2024AU$81.9bAU$7.6bAU$3.5m63.4x23603x10.7x
Wed, 22 May 2024AU$82.0bAU$7.5b-AU$213,982,676.3060.7x-383x11x
Fri, 19 Apr 2024AU$77.1bAU$7.5b-AU$273,365,969.2763.4x-282x10.3x
Sun, 17 Mar 2024AU$81.1bAU$7.5b-AU$288,006,142.4060.9x-281.4x10.8x
Tue, 13 Feb 2024AU$69.1bAU$7.5b-AU$659,374,866.3458.3x-104.7x9.2x
Thu, 11 Jan 2024AU$67.3bAU$8.1b-AU$926,484,998.0058.5x-72.7x8.3x
Sat, 09 Dec 2023AU$64.8bAU$8.1b-AU$926,908,207.0060.5x-69.9x8x
Mon, 06 Nov 2023AU$62.3bAU$7.9b-AU$1,043,223,206.0055x-59.7x7.9x
Wed, 04 Oct 2023AU$64.6bAU$7.8b-AU$995,333,298.0057.1x-64.9x8.3x
Fri, 01 Sep 2023AU$69.7bAU$7.8b-AU$1,014,439,963.0063.9x-68.7x9x
Sun, 30 Jul 2023AU$73.9bAU$7.5b-AU$762,794,294.0052.5x-96.9x9.9x
Tue, 27 Jun 2023AU$67.6bAU$7.5b-AU$773,032,715.0047.5x-87.5x9.1x
Thu, 25 May 2023AU$65.6bAU$7.5b-AU$792,482,696.0044.6x-82.8x8.8x
Sat, 22 Apr 2023AU$61.4bAU$7.2b-AU$726,717,037.0047.3x-84.6x8.5x
Mon, 20 Mar 2023AU$58.2bAU$7.3b-AU$725,554,030.0046.6x-80.2x8x
Wed, 15 Feb 2023AU$56.1bAU$6.9b-AU$561,042,893.0053x-100.1x8.2x
Price to Earnings Ratio

-100.1x


Total Market Cap: AU$56.1bTotal Earnings: -AU$561,042,893.00Total Revenue: AU$6.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1582.8x202420252026
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 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-13.02%
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
VR1 Vection TechnologiesAU$0.03520.7%
+AU$13.5m		12.9%PS2.1x
IOD IODMAU$0.166.7%
+AU$6.3m		3.2%PS31.1x
PKY Pathkey.AIAU$0.020%
AU$5.0m		33.3%PS37.7x
BEO BeonicAU$0.1935.7%
+AU$3.4m		-5.0%PS0.6x
ICE icetanaAU$0.04911.4%
+AU$2.7m		133.3%PS13.8x

Latest News

IRE
AU$7.45
Iress
7D
-8.7%
1Y
-17.9%
XRO
AU$81.76
Xero
7D
-12.8%
1Y
-55.2%

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$4.06
SiteMinder
7D
-20.1%
1Y
-36.6%

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%
WTC
AU$47.60
WiseTech Global
7D
-17.9%
1Y
-63.4%

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$13.07
Energy One
7D
-21.5%
1Y
84.1%

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.
BEO
AU$0.19
Beonic
7D
35.7%
1Y
-5.0%

Beonic Limited (ASX:BEO) Surges 41% Yet Its Low P/S Is No Reason For Excitement

Feb 04
Beonic Limited (ASX:BEO) Surges 41% Yet Its Low P/S Is No Reason For Excitement
RUL
AU$4.99
RPMGlobal Holdings
7D
0.2%
1Y
73.3%
PKY
AU$0.02
Pathkey.AI
7D
0%
1Y
33.3%
TNE
AU$21.86
Technology One
7D
-13.2%
1Y
-31.8%

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).
OCL
AU$14.02
Objective
7D
-7.8%
1Y
-17.0%

OCL: Share Buybacks And Acquisitions Will Support Stronger Long-Term Outlook

Analysts have kept the price target steady at US$25.00, making only small tweaks to assumptions such as the discount rate, revenue growth, profit margin and forward P/E to reflect slightly updated views on the company’s long term earnings power and risk profile. What's in the News The Board of Directors authorized a share buyback plan on January 23, 2026, signaling approval for returning capital to shareholders through on market repurchases (Key Developments).
360
AU$24.98
Life360
7D
-8.9%
1Y
5.0%

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).
ICE
AU$0.049
icetana
7D
11.4%
1Y
133.3%
VR1
AU$0.035
Vection Technologies
7D
20.7%
1Y
12.9%

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
HTG
AU$0.019
Harvest Technology Group
7D
11.8%
1Y
5.6%
IOD
AU$0.16
IODM
7D
6.7%
1Y
3.2%
DWG
AU$0.17
DataWorks Group
7D
16.7%
1Y
-2.8%