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Australian (ASX) Application Software Industry Analysis

UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies58
  • 7D-5.7%
  • 3M-34.2%
  • 1Y-45.2%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 2.2%, driven by a pullback from WiseTech Global of 9.2%. The industry has fallen 44% in the last 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
Wed, 25 Feb 2026AU$50.4bAU$7.9bAU$703.8m21.3x71.6x6.4x
Fri, 23 Jan 2026AU$66.9bAU$8.0bAU$703.0m31.9x95.2x8.4x
Sun, 21 Dec 2025AU$75.5bAU$8.1bAU$713.3m37.8x105.8x9.3x
Tue, 18 Nov 2025AU$78.9bAU$8.2bAU$731.1m37.1x107.9x9.7x
Thu, 16 Oct 2025AU$97.3bAU$8.0bAU$695.3m35x139.9x12.2x
Sat, 13 Sep 2025AU$99.2bAU$7.9bAU$696.8m33.1x142.4x12.5x
Mon, 11 Aug 2025AU$105.4bAU$7.8bAU$587.7m75.6x179.4x13.5x
Wed, 09 Jul 2025AU$102.3bAU$7.8bAU$587.5m76.9x174.2x13.1x
Fri, 06 Jun 2025AU$100.8bAU$7.8bAU$591.1m79.5x170.6x12.8x
Sun, 04 May 2025AU$87.1bAU$7.6bAU$533.1m67.9x163.4x11.4x
Tue, 01 Apr 2025AU$78.1bAU$7.8bAU$470.0m61.1x166.3x10.1x
Thu, 27 Feb 2025AU$89.2bAU$7.6bAU$446.2m45.4x199.9x11.7x
Sat, 25 Jan 2025AU$97.3bAU$7.5bAU$362.9m69.9x268x13x
Mon, 23 Dec 2024AU$95.9bAU$7.6bAU$342.5m68.4x280x12.7x
Wed, 20 Nov 2024AU$102.8bAU$7.5bAU$349.8m63.1x294x13.7x
Fri, 18 Oct 2024AU$93.9bAU$7.2bAU$284.1m64.5x330.3x13x
Sun, 15 Sep 2024AU$89.8bAU$7.3bAU$276.4m66.5x324.9x12.3x
Tue, 13 Aug 2024AU$74.5bAU$7.2b-AU$107,040,857.4259.3x-695.9x10.4x
Thu, 11 Jul 2024AU$84.7bAU$7.6bAU$198.3k60.2x427268x11.2x
Sat, 08 Jun 2024AU$82.8bAU$7.6bAU$13.7m62.4x6067.6x10.8x
Mon, 06 May 2024AU$79.2bAU$7.4b-AU$226,888,916.9563.8x-349.3x10.7x
Wed, 03 Apr 2024AU$81.1bAU$7.5b-AU$287,361,696.8762.4x-282.1x10.9x
Fri, 01 Mar 2024AU$79.0bAU$7.6b-AU$383,453,964.5057.3x-206x10.4x
Sun, 28 Jan 2024AU$69.1bAU$8.1b-AU$927,150,107.0060.7x-74.5x8.5x
Tue, 26 Dec 2023AU$68.2bAU$8.1b-AU$925,684,615.0060.7x-73.7x8.4x
Thu, 23 Nov 2023AU$63.1bAU$8.1b-AU$934,394,803.0058.2x-67.5x7.8x
Sat, 21 Oct 2023AU$61.7bAU$7.8b-AU$996,602,317.0057.3x-61.9x7.9x
Mon, 18 Sep 2023AU$68.9bAU$7.8b-AU$993,660,792.0060.1x-69.4x8.8x
Wed, 16 Aug 2023AU$74.0bAU$7.5b-AU$720,485,137.0051x-102.6x9.8x
Fri, 14 Jul 2023AU$69.8bAU$7.4b-AU$759,172,882.0048x-92x9.4x
Sun, 11 Jun 2023AU$66.9bAU$7.4b-AU$766,296,057.0049.5x-87.2x9x
Tue, 09 May 2023AU$61.3bAU$7.3b-AU$730,662,799.0047.6x-84x8.5x
Thu, 06 Apr 2023AU$61.1bAU$7.3b-AU$725,260,624.0043.7x-84.3x8.4x
Sat, 04 Mar 2023AU$57.0bAU$7.2b-AU$509,420,942.0045.9x-111.9x7.9x
Price to Earnings Ratio

-111.9x


Total Market Cap: AU$57.0bTotal Earnings: -AU$509,420,942.00Total Revenue: AU$7.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1585.6x202420252026
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 77.7x 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 6.7x.
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 2.9% 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 Market0.71%
Tech-5.56%
Software-5.71%
Application Software-5.72%
Systems Software-4.26%
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
TNE Technology OneAU$22.594.0%
+AU$284.0m		-28.3%PE53.6x
NXL NuixAU$1.7324.0%
+AU$112.1m		-56.6%PE47.2x
HSN Hansen TechnologiesAU$4.9011.4%
+AU$101.8m		-3.4%PE15.3x
FCL FINEOS Corporation HoldingsAU$2.231.8%
+AU$13.8m		32.0%PS3.4x
EIQ Echo IQAU$0.602.5%
+AU$10.8m		105.1%PS3910.2x

Latest News

CAT
AU$3.28
Catapult Sports
7D
-3.8%
1Y
-12.3%
NXL
AU$1.73
Nuix
7D
24.0%
1Y
-56.6%
360
AU$21.76
Life360
7D
-6.8%
1Y
-4.6%

360: Index Inclusion And Ride Partnership Will Support Future Upside

Analysts have lowered their price targets for Life360 to A$42.13 from A$49.81, citing updated assumptions that include higher revenue, slightly stronger profit margins and a lower future P/E multiple. What's in the News Life360 and Uber Technologies, Inc.
BVS
AU$1.85
Bravura Solutions
7D
-8.4%
1Y
-29.9%

BVS: Canaccord Upgrade And Dividend Payouts Will Support Forward Share Performance

Analysts have trimmed their fair value estimate for Bravura Solutions from A$2.77 to about A$2.68, reflecting updated assumptions around growth, margins and the P/E multiple following recent research that includes a Canaccord upgrade. Analyst Commentary Bullish Takeaways Bullish analysts view the recent upgrade as support for the updated fair value range around A$2.68, suggesting that current assumptions on earnings and the P/E multiple are better aligned with their research.
OCL
AU$12.92
Objective
7D
-7.1%
1Y
-21.5%

OCL: Share Buyback Program Will Support A Stronger Long Term Outlook

Analysts have maintained their A$25.00 price target, citing modest model adjustments. These include a slightly higher discount rate, marginal changes to revenue growth and profit margin assumptions, and a small refinement in future P/E expectations that together support keeping the current objective.
HSN
AU$4.90
Hansen Technologies
7D
11.4%
1Y
-3.4%

HSN: Fair Pricing Will Reflect Modest Margin Uplift And 2026 Revenue Outlook

Analysts have adjusted their price target for Hansen Technologies to A$5.30. The change reflects updated views on fair value, a slightly higher discount rate, more moderate revenue growth assumptions, and a small uplift in expected profit margins and future P/E.
XRO
AU$71.84
Xero
7D
-8.5%
1Y
-59.7%

Xero: Growth Was Priced In — Execution Is Not

Xero is a subscription-based cloud accounting platform serving small businesses across Australia, New Zealand, the UK and the US, with a structurally high gross margin profile. Over the past 12 months, the share price has declined by 57.4%.
DUG
AU$1.87
DUG Technology
7D
4.2%
1Y
62.9%

DUG: Refined Margin And P/E Assumptions Will Support Further Upside

Analysts have trimmed their price target for DUG Technology to A$2.43 from A$2.47, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E, which slightly adjust their view of the company’s risk and earnings profile. Valuation Changes Fair Value: Adjusted slightly lower from A$2.47 to A$2.43.
WTC
AU$42.99
WiseTech Global
7D
-9.2%
1Y
-54.5%

WTC: Higher Fair Value And Investor Day Access Will Support Future Confidence

The analyst fair value estimate for WiseTech Global has moved from A$131.14 to A$135.97. Analysts point to updated assumptions for revenue growth, profit margins and a higher future P/E as key drivers of the change.
TNE
AU$22.59
Technology One
7D
4.0%
1Y
-28.3%
IRE
AU$6.77
Iress
7D
-4.1%
1Y
-11.7%

IRE: Higher Required Returns Will Still Support Confidence In Undervalued Shares

Analysts have nudged their Iress price target slightly higher to A$10.12 from A$10.10, reflecting updated views on discount rates, modestly softer revenue and margin assumptions, and a slightly higher future P/E multiple. Valuation Changes Fair Value: The model fair value estimate has edged up from A$10.10 to A$10.12.
FCL
AU$2.23
FINEOS Corporation Holdings
7D
1.8%
1Y
32.0%
SDR
AU$2.94
SiteMinder
7D
-21.8%
1Y
-53.8%

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%
EIQ
AU$0.60
Echo IQ
7D
2.5%
1Y
105.1%
IOD
AU$0.18
IODM
7D
5.9%
1Y
20.0%
YOJ
AU$0.33
Yojee
7D
10.0%
1Y
144.4%