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Australian (ASX) Application Software Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies65
  • 7D-2.1%
  • 3M-32.6%
  • 1Y-39.5%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 2.1%, driven by WiseTech Global declining 7.6%. On the other hand Technology One is actually up 5.2%. However, the industry is down 40% over the past year. 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
Fri, 27 Mar 2026AU$50.0bAU$8.4bAU$815.2m20.9x61.3x6x
Sun, 22 Feb 2026AU$54.5bAU$7.8bAU$674.4m27x80.8x7x
Tue, 20 Jan 2026AU$68.7bAU$8.0bAU$707.0m33.9x97.2x8.5x
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
Price to Earnings Ratio

-81.8x


Total Market Cap: AU$59.5bTotal Earnings: -AU$726,900,538.00Total Revenue: AU$7.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1590x202420252026
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 61.3x 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 6.0x.
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 4.9% 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 Market0.32%
Tech-2.37%
Software-2.07%
Application Software-2.10%
Systems Software0.95%
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
360 Life360AU$19.296.7%
+AU$291.1m		-8.0%PE21.2x
EIQ Echo IQAU$0.9446.9%
+AU$197.5m		224.1%PS6806.2x
TNE Technology OneAU$27.301.9%
+AU$169.7m		-4.2%PE64.7x
HSN Hansen TechnologiesAU$4.9810.2%
+AU$93.6m		1.0%PE15.5x
BRN BrainChip HoldingsAU$0.1411.5%
+AU$33.8m		-32.6%PS119.1x

Latest News

EIQ
AU$0.94
Echo IQ
7D
46.9%
1Y
224.1%
BVS
AU$1.97
Bravura Solutions
7D
-3.9%
1Y
-12.1%

BVS: Dividend Payouts And Refined Profitability Assumptions Will Support Forward Share Performance

Analysts have lifted their A$ price target for Bravura Solutions, citing updated assumptions on discount rates and profitability. These changes keep fair value estimates broadly unchanged while refining their outlook for the stock's risk and earnings profile.
DUB
AU$0.014
Dubber
7D
27.3%
1Y
-60.0%
NXL
AU$1.24
Nuix
7D
-8.5%
1Y
-61.4%

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$4.98
Hansen Technologies
7D
10.2%
1Y
1.0%

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).
IRE
AU$6.94
Iress
7D
1.2%
1Y
-14.4%
WTC
AU$38.36
WiseTech Global
7D
-10.5%
1Y
-52.1%
OCL
AU$11.50
Objective
7D
-5.8%
1Y
-24.5%

OCL: Share Buyback And Upcoming Distribution Will Support Future Shareholder Returns

Analysts have made only minor model tweaks to the discount rate, revenue growth and future P/E assumptions, leaving their A$22.10 price target for Objective unchanged. What's in the News Objective Corporation Limited declared an ordinary unfranked distribution of A$0.13 per share for the six month period ended 31 December 2025, with an ex date of 6 March 2026, a record date of 9 March 2026, and a payment date of 17 March 2026 (Key Developments).
360
AU$19.29
Life360
7D
6.7%
1Y
-8.0%

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$72.84
Xero
7D
-5.4%
1Y
-53.3%
TNE
AU$27.30
Technology One
7D
1.9%
1Y
-4.2%

TNE: Higher Margin Outlook Will Support Future Upside Potential

Analysts have reduced their price target for Technology One from A$44.55 to A$40.32, citing updated assumptions for discount rate, revenue growth, profit margins and future P/E that result in a slight adjustment to the valuation outlook. Valuation Changes Fair Value: Adjusted from A$44.55 to A$40.32, indicating a modest reduction in the assessed value per share.
FCL
AU$2.34
FINEOS Corporation Holdings
7D
-2.1%
1Y
14.7%
CAT
AU$3.41
Catapult Sports
7D
0.9%
1Y
-3.1%

CAT: Next Generation Performance Platform Will Support Future Outperformance Despite Minor Assumption Shifts

Analysts have trimmed their price target for Catapult Sports to reflect slightly lower fair value and profitability assumptions, along with a modestly higher discount rate and future P/E. This has resulted in a small recalibration of expectations in A$ terms.
BRN
AU$0.14
BrainChip Holdings
7D
11.5%
1Y
-32.6%
IOD
AU$0.11
IODM
7D
-33.3%
1Y
-38.9%
EOL
AU$12.99
Energy One
7D
-4.0%
1Y
18.6%