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Australian (ASX) Application Software Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies64
  • 7D-0.9%
  • 3M-32.6%
  • 1Y-37.7%
  • YTDn/a

In the last week, Application Software has been flat. As for the longer term, the industry has declined 38% in the last year. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Apr 2026AU$49.5bAU$8.4bAU$819.1m21.2x60.5x5.9x
Mon, 02 Mar 2026AU$56.7bAU$8.3bAU$647.6m32.1x87.5x6.8x
Wed, 28 Jan 2026AU$69.2bAU$8.0bAU$697.5m33.3x99.3x8.7x
Fri, 26 Dec 2025AU$74.7bAU$8.1bAU$709.4m37.8x105.3x9.3x
Sun, 23 Nov 2025AU$75.0bAU$8.1bAU$719.6m35.1x104.2x9.3x
Tue, 21 Oct 2025AU$94.0bAU$8.0bAU$697.6m35.2x134.8x11.8x
Thu, 18 Sep 2025AU$100.0bAU$7.9bAU$695.6m33.6x143.8x12.6x
Sat, 16 Aug 2025AU$104.2bAU$7.9bAU$617.6m76.3x168.7x13.2x
Mon, 14 Jul 2025AU$100.5bAU$7.8bAU$586.8m53.8x171.3x12.8x
Wed, 11 Jun 2025AU$101.5bAU$7.8bAU$590.9m78.2x171.8x12.9x
Fri, 09 May 2025AU$87.0bAU$7.6bAU$534.5m68.9x162.8x11.4x
Sun, 06 Apr 2025AU$72.6bAU$7.9bAU$481.1m57.2x150.8x9.2x
Tue, 04 Mar 2025AU$86.1bAU$7.8bAU$473.6m58.6x181.9x11.1x
Thu, 30 Jan 2025AU$99.4bAU$7.5bAU$362.2m69.2x274.4x13.2x
Sat, 28 Dec 2024AU$97.5bAU$7.6bAU$346.3m67.3x281.4x12.9x
Mon, 25 Nov 2024AU$96.8bAU$7.5bAU$348.4m64x277.9x12.9x
Wed, 23 Oct 2024AU$86.1bAU$7.2bAU$284.0m63.1x303.1x11.9x
Fri, 20 Sep 2024AU$91.7bAU$7.3bAU$278.3m67.4x329.6x12.6x
Sun, 18 Aug 2024AU$76.9bAU$7.1b-AU$5,964,588.7562.1x-12887.3x10.8x
Tue, 16 Jul 2024AU$85.8bAU$7.6b-AU$285,364.6259.8x-300818.4x11.3x
Thu, 13 Jun 2024AU$82.5bAU$7.7bAU$4.6m61.3x17970.8x10.8x
Sat, 11 May 2024AU$80.7bAU$7.4b-AU$227,035,774.3461.3x-355.6x10.9x
Mon, 08 Apr 2024AU$77.7bAU$7.4b-AU$288,095,048.0061.5x-269.8x10.4x
Wed, 06 Mar 2024AU$81.5bAU$7.6b-AU$307,357,538.0960.1x-265.3x10.8x
Fri, 02 Feb 2024AU$68.2bAU$8.2b-AU$927,946,970.0060.1x-73.4x8.4x
Sun, 31 Dec 2023AU$69.4bAU$8.1b-AU$925,663,699.0060x-75x8.6x
Tue, 28 Nov 2023AU$62.9bAU$8.1b-AU$926,886,819.0057.8x-67.8x7.7x
Thu, 26 Oct 2023AU$61.4bAU$7.8b-AU$995,766,959.0055.7x-61.6x7.9x
Sat, 23 Sep 2023AU$65.9bAU$7.8b-AU$994,478,642.0059.9x-66.2x8.4x
Mon, 21 Aug 2023AU$71.2bAU$7.6b-AU$713,389,310.0049.3x-99.8x9.4x
Wed, 19 Jul 2023AU$72.1bAU$7.4b-AU$760,133,957.0048.7x-94.8x9.7x
Fri, 16 Jun 2023AU$68.7bAU$7.4b-AU$765,746,074.0049.5x-89.7x9.3x
Sun, 14 May 2023AU$62.6bAU$7.3b-AU$733,155,176.0046.9x-85.4x8.6x
Tue, 11 Apr 2023AU$60.4bAU$7.3b-AU$728,338,070.0043.8x-82.9x8.3x
Price to Earnings Ratio

-82.9x


Total Market Cap: AU$60.4bTotal Earnings: -AU$728,338,070.00Total Revenue: AU$7.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1591x202420252026
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 60.5x which is lower than its 3-year average PE of 2kx.
  • The 3-year average PS ratio of 10.4x 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 Market0.42%
Tech-2.73%
Software-0.80%
Application Software-0.85%
Systems Software4.18%
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$74.061.7%
+AU$208.1m		-49.1%PE57.1x
AV1 AdveritasAU$0.09611.6%
+AU$9.3m		23.1%PS9.3x
ESK EtherstackAU$0.6511.1%
+AU$9.2m		140.7%PS6.3x
PPS PraemiumAU$0.672.3%
+AU$7.3m		0%PE18.4x
COS COSOLAU$0.2317.5%
+AU$6.4m		-70.1%PE12x

Latest News

AV1
AU$0.096
Adveritas
7D
11.6%
1Y
23.1%

We Think Adveritas (ASX:AV1) Can Easily Afford To Drive Business Growth

Apr 03
We Think Adveritas (ASX:AV1) Can Easily Afford To Drive Business Growth
IRE
AU$6.80
Iress
7D
-2.0%
1Y
-8.7%
TNE
AU$26.91
Technology One
7D
-1.4%
1Y
6.2%

TNE: Index Removals Will Present Long Term Margin Upside Opportunity

Analysts have trimmed their price target on Technology One from A$40.32 to A$38.70. This reflects slightly different assumptions around discount rates, revenue growth, profit margins and future P/E multiples, while maintaining a broadly similar view on the company.
CAT
AU$3.22
Catapult Sports
7D
-5.6%
1Y
-0.3%
ESK
AU$0.65
Etherstack
7D
11.1%
1Y
140.7%
PPS
AU$0.67
Praemium
7D
2.3%
1Y
0%
EIQ
AU$0.86
Echo IQ
7D
-8.0%
1Y
220.4%
NXL
AU$1.20
Nuix
7D
-2.8%
1Y
-55.7%

NXL: Upgraded Rating Will Rely On Execution Of Neo Migration Strategy

Analysts have lifted their price target for Nuix to A$2.30 from A$2.15, citing the recent upgrade to Outperform and confidence in management's execution on the Neo migration strategy to support net dollar retention and Annual Contract Value growth. Analyst Commentary Bullish analysts point to the recent upgrade to Outperform and the lift in the price target to A$2.30 as a sign of growing confidence in Nuix's current trajectory.
HSN
AU$4.80
Hansen Technologies
7D
-3.6%
1Y
0.2%

HSN: Fair Pricing Will Reflect 2026 Second Half Revenue Expectations

Analysts have made a modest adjustment to their price target for Hansen Technologies, keeping fair value around A$5.30 as they factor in slightly updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Hansen Technologies issued new earnings guidance for the second half of 2026, giving you a clearer view of management expectations for that period (Key Developments).
WTC
AU$37.88
WiseTech Global
7D
-1.3%
1Y
-49.4%
360
AU$18.70
Life360
7D
-3.1%
1Y
3.8%

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$74.06
Xero
7D
1.7%
1Y
-49.1%
IOD
AU$0.12
IODM
7D
9.1%
1Y
-33.3%
CCR
AU$0.20
Credit Clear
7D
5.3%
1Y
-7.0%
COS
AU$0.23
COSOL
7D
17.5%
1Y
-70.1%
ACE
AU$1.50
Acusensus
7D
1.7%
1Y
52.3%