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Australian (ASX) Application Software Industry Analysis

UpdatedDec 02, 2025
DataAggregated Company Financials
Companies60
  • 7D2.3%
  • 3M-20.6%
  • 1Y-24.0%
  • YTDn/a

In the last week, the Application Software industry is up 2.3%, with WiseTech Global up 5.2%. In the same time, Life360 was down 8.1%. In contrast, the industry has lost 24% in the last 12 months. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Dec 2025AU$79.1bAU$8.1bAU$716.9m34.4x110.3x9.8x
Thu, 30 Oct 2025AU$90.6bAU$7.9bAU$691.4m35.9x131x11.4x
Sat, 27 Sep 2025AU$99.7bAU$8.0bAU$699.3m34.3x142.6x12.5x
Mon, 25 Aug 2025AU$104.4bAU$7.9bAU$703.2m35.1x148.4x13.2x
Wed, 23 Jul 2025AU$106.1bAU$7.8bAU$587.3m73.4x180.6x13.6x
Fri, 20 Jun 2025AU$99.9bAU$7.9bAU$591.7m77.1x168.9x12.7x
Sun, 18 May 2025AU$93.4bAU$7.8bAU$566.9m91.8x164.8x11.9x
Tue, 15 Apr 2025AU$79.9bAU$7.8bAU$471.6m61.4x169.5x10.3x
Thu, 13 Mar 2025AU$79.6bAU$7.7bAU$468.4m57.5x170.1x10.3x
Sat, 08 Feb 2025AU$102.6bAU$7.5bAU$354.3m70.6x289.6x13.7x
Mon, 06 Jan 2025AU$98.1bAU$7.5bAU$345.8m68.4x283.9x13x
Wed, 04 Dec 2024AU$101.3bAU$7.5bAU$359.8m64x281.5x13.5x
Fri, 01 Nov 2024AU$89.2bAU$7.3bAU$282.3m65.3x316.1x12.3x
Sun, 29 Sep 2024AU$94.0bAU$7.3bAU$280.0m69x335.7x13x
Tue, 27 Aug 2024AU$86.4bAU$7.3bAU$224.7m63.4x384.4x11.8x
Thu, 25 Jul 2024AU$84.2bAU$7.5bAU$7.0m62.4x12005.3x11.2x
Sat, 22 Jun 2024AU$81.9bAU$7.6bAU$3.4m63.4x24427.6x10.7x
Mon, 20 May 2024AU$80.4bAU$7.4b-AU$220,670,310.4959.6x-364.5x10.8x
Wed, 17 Apr 2024AU$76.8bAU$7.5b-AU$273,342,155.4762.2x-281x10.2x
Fri, 15 Mar 2024AU$82.0bAU$7.5b-AU$288,005,475.9361.7x-284.8x11x
Sun, 11 Feb 2024AU$68.3bAU$7.5b-AU$660,472,089.8055.6x-103.4x9.1x
Tue, 09 Jan 2024AU$65.8bAU$8.1b-AU$926,643,724.0056.6x-71x8.1x
Thu, 07 Dec 2023AU$65.0bAU$8.1b-AU$927,389,796.0058.2x-70.1x8x
Sat, 04 Nov 2023AU$62.3bAU$7.9b-AU$1,043,899,060.0054.7x-59.7x7.9x
Mon, 02 Oct 2023AU$64.7bAU$7.8b-AU$994,718,566.0058.5x-65.1x8.3x
Wed, 30 Aug 2023AU$68.5bAU$7.7b-AU$1,027,641,009.0062.7x-66.6x8.8x
Fri, 28 Jul 2023AU$73.6bAU$7.4b-AU$759,658,895.0047.5x-96.9x9.9x
Sun, 25 Jun 2023AU$67.2bAU$7.5b-AU$772,338,386.0049.5x-87x9x
Tue, 23 May 2023AU$65.0bAU$7.5b-AU$800,999,519.0044.9x-81.1x8.7x
Thu, 20 Apr 2023AU$61.3bAU$7.3b-AU$726,625,114.0049x-84.4x8.5x
Sat, 18 Mar 2023AU$58.2bAU$7.2b-AU$729,201,304.0046.5x-79.8x8.1x
Mon, 13 Feb 2023AU$55.8bAU$6.9b-AU$562,219,577.0053x-99.3x8.1x
Wed, 11 Jan 2023AU$52.2bAU$6.9b-AU$565,625,808.0051.6x-92.2x7.6x
Fri, 09 Dec 2022AU$53.0bAU$6.9b-AU$571,305,748.0051.3x-92.8x7.6x
Price to Earnings Ratio

-92.8x


Total Market Cap: AU$53.0bTotal Earnings: -AU$571,305,748.00Total Revenue: AU$6.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1570.5x202320242025
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 110x which is lower than its 3-year average PE of 2kx.
  • The industry is trading close to its 3-year average PS ratio of 10.5x.
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 5.2% 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 Market0.76%
Tech2.48%
Software2.31%
Application Software2.30%
Systems Software3.32%
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$69.455.2%
+AU$1.1b		-45.6%PE75.4x
XRO XeroAU$121.440.7%
+AU$152.8m		-31.5%PE88x
SDR SiteMinderAU$6.452.2%
+AU$39.1m		1.3%PS8x
EOL Energy OneAU$17.504.7%
+AU$24.9m		230.2%PE93.5x
BRN BrainChip HoldingsAU$0.185.9%
+AU$22.4m		-26.5%PS200.2x

Latest News

NXL
AU$1.81
Nuix
7D
-1.6%
1Y
-72.6%
SDR
AU$6.45
SiteMinder
7D
2.2%
1Y
1.3%
BVS
AU$2.52
Bravura Solutions
7D
-1.2%
1Y
52.3%

BVS: Index Inclusions And Fiscal Guidance Will Sustain Measured Performance

Analysts have maintained Bravura Solutions' price target at $2.77. They cite limited changes in revenue growth and margin expectations as justification for keeping their valuation unchanged.
EOL
AU$17.50
Energy One
7D
4.7%
1Y
230.2%

EOL: Future Index Inclusion Will Drive Stronger Market Sentiment And Support

Analysts have reaffirmed their price target for Energy One at $21.23, citing minimal changes in key valuation metrics as well as stable outlooks in revenue growth, profit margin, and discount rate estimates. What's in the News Energy One Limited has been added to the S&P/ASX Emerging Companies Index (Key Developments) Valuation Changes Consensus Analyst Price Target remains unchanged at A$21.23.
WTC
AU$69.45
WiseTech Global
7D
5.2%
1Y
-45.6%
XRO
AU$121.44
Xero
7D
0.7%
1Y
-31.5%

XRO: Expanding Profit Margins And Stronger Earnings Forecast Will Drive Further Upside

Analysts have revised Xero’s fair value estimate downward from $191.59 to $182.05. They cite updated assumptions around revenue growth and discount rates as the rationale for the change.
360
AU$38.31
Life360
7D
-8.1%
1Y
44.8%

360: Index Adds And New Revenue Streams Will Drive Outperformance Ahead

Analysts have raised their price target for Life360 from $48.96 to $49.81 per share. This change is due to stronger-than-expected revenue growth projections, which more than offset a marginal decrease in forecast profit margin and discount rate.
HSN
AU$5.67
Hansen Technologies
7D
-4.7%
1Y
-0.7%
CAT
AU$4.68
Catapult Sports
7D
-7.1%
1Y
26.1%

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.
FCL
AU$2.92
FINEOS Corporation Holdings
7D
-2.0%
1Y
52.5%

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)
TNE
AU$28.79
Technology One
7D
-5.9%
1Y
-6.8%

TNE: Index Additions And Strong Dividend Outlook Will Drive Future Upside

Analysts have lowered their price target for Technology One from $37.51 to $35.58, citing slightly reduced estimates for revenue growth and profit margins in their updated outlook. What's in the News Declared a special dividend of 10.0 cents per share for the six months ended September 30, 2025 (company statement) Final dividend of 20.0 cents per share declared for the six months ended September 30, 2025.
PPS
AU$0.85
Praemium
7D
3.0%
1Y
17.2%

PPS: Index Addition And Incoming CFO Appointment Will Drive Shares Higher

Narrative Update on Praemium: Analyst Price Target Adjustment Analysts have raised their price target for Praemium by approximately $0.12. They cited a modest increase in the discount rate, along with slight improvements in future profitability expectations.
ACE
AU$1.68
Acusensus
7D
-6.7%
1Y
86.7%
DUG
AU$2.07
DUG Technology
7D
4.0%
1Y
18.3%

Some DUG Technology Ltd (ASX:DUG) Shareholders Look For Exit As Shares Take 25% Pounding

Nov 13
Some DUG Technology Ltd (ASX:DUG) Shareholders Look For Exit As Shares Take 25% Pounding
BRN
AU$0.18
BrainChip Holdings
7D
5.9%
1Y
-26.5%
YOJ
AU$0.47
Yojee
7D
6.9%
1Y
304.3%