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Australian (ASX) Application Software Industry Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies64
  • 7D-1.6%
  • 3M-32.5%
  • 1Y-39.4%
  • YTDn/a

In the last week, the Application Software industry is up 3.7%, with Xero up 9.8%. During this same period, the Life360 underperformed, falling 6.4%. However, the industry is down 35% over the past year. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Mar 2026AU$53.3bAU$8.4bAU$808.9m23.7x65.9x6.4x
Sat, 31 Jan 2026AU$64.0bAU$7.9bAU$694.4m33.9x92.2x8.1x
Mon, 29 Dec 2025AU$74.7bAU$8.1bAU$708.0m37.8x105.5x9.3x
Wed, 26 Nov 2025AU$78.0bAU$8.1bAU$719.7m35.1x108.3x9.6x
Fri, 24 Oct 2025AU$94.3bAU$8.0bAU$697.0m36.7x135.3x11.8x
Sun, 21 Sep 2025AU$101.2bAU$7.9bAU$697.2m35x145.1x12.7x
Tue, 19 Aug 2025AU$104.9bAU$7.9bAU$618.5m76.7x169.7x13.2x
Thu, 17 Jul 2025AU$102.8bAU$7.9bAU$588.4m54.5x174.6x13.1x
Sat, 14 Jun 2025AU$99.0bAU$7.9bAU$592.2m74.9x167.1x12.6x
Mon, 12 May 2025AU$88.4bAU$7.6bAU$534.3m69.7x165.4x11.6x
Wed, 09 Apr 2025AU$74.9bAU$7.9bAU$481.3m58.1x155.6x9.5x
Fri, 07 Mar 2025AU$85.6bAU$7.7bAU$466.2m57.9x183.7x11.1x
Sun, 02 Feb 2025AU$100.5bAU$7.5bAU$362.7m70.9x277.1x13.4x
Tue, 31 Dec 2024AU$97.8bAU$7.6bAU$347.0m68.2x281.9x12.9x
Thu, 28 Nov 2024AU$99.4bAU$7.5bAU$359.5m64.9x276.5x13.2x
Sat, 26 Oct 2024AU$87.3bAU$7.2bAU$282.9m65.8x308.5x12x
Mon, 23 Sep 2024AU$92.4bAU$7.3bAU$277.8m67.9x332.5x12.7x
Wed, 21 Aug 2024AU$78.1bAU$7.2bAU$169.7m66.4x460.4x10.9x
Fri, 19 Jul 2024AU$83.5bAU$7.6bAU$84,255.9360.3x991287.4x11x
Sun, 16 Jun 2024AU$82.1bAU$7.7bAU$4.6m59.8x18010.5x10.7x
Tue, 14 May 2024AU$80.9bAU$7.4b-AU$220,441,692.4161.8x-366.8x10.9x
Thu, 11 Apr 2024AU$77.8bAU$7.5b-AU$272,943,656.3166.4x-285x10.4x
Sat, 09 Mar 2024AU$81.4bAU$7.5b-AU$287,832,535.9861x-282.8x10.9x
Mon, 05 Feb 2024AU$70.0bAU$8.2b-AU$927,840,649.0061.1x-75.5x8.6x
Wed, 03 Jan 2024AU$69.4bAU$8.1b-AU$925,428,043.0060.1x-75x8.6x
Fri, 01 Dec 2023AU$64.5bAU$8.1b-AU$927,159,453.0058.7x-69.5x7.9x
Sun, 29 Oct 2023AU$59.9bAU$7.8b-AU$995,611,176.0054.4x-60.2x7.7x
Tue, 26 Sep 2023AU$66.8bAU$7.8b-AU$994,404,786.0060.3x-67.2x8.6x
Thu, 24 Aug 2023AU$67.8bAU$7.8b-AU$857,803,284.0052.5x-79x8.7x
Sat, 22 Jul 2023AU$71.1bAU$7.4b-AU$760,202,374.0047.5x-93.5x9.6x
Mon, 19 Jun 2023AU$69.7bAU$7.4b-AU$767,030,931.0049.5x-90.9x9.4x
Wed, 17 May 2023AU$61.9bAU$7.3b-AU$710,884,121.0045.9x-87x8.5x
Fri, 14 Apr 2023AU$60.9bAU$7.3b-AU$726,417,749.0046.5x-83.8x8.4x
Sun, 12 Mar 2023AU$58.6bAU$7.2b-AU$733,317,991.0046x-80x8.1x
Price to Earnings Ratio

-80x


Total Market Cap: AU$58.6bTotal Earnings: -AU$733,317,991.00Total Revenue: AU$7.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1587x202420252026
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 87.5x 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 6.8x.
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 4.7% 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-2.74%
Tech-2.12%
Software-1.60%
Application Software-1.59%
Systems Software-2.55%
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$26.305.5%
+AU$447.2m		-10.4%PE62.4x
XRO XeroAU$83.891.9%
+AU$270.3m		-51.2%PE63.5x
BVS Bravura SolutionsAU$2.145.9%
+AU$53.8m		-13.7%PE24.7x
EIQ Echo IQAU$0.699.5%
+AU$39.3m		155.6%PS4974.6x
PPS PraemiumAU$0.766.3%
+AU$21.9m		2.0%PE21x

Latest News

IRE
AU$7.43
Iress
7D
-1.7%
1Y
-9.4%
EIQ
AU$0.69
Echo IQ
7D
9.5%
1Y
155.6%
360
AU$21.54
Life360
7D
-10.3%
1Y
-3.1%
NXL
AU$1.82
Nuix
7D
-10.3%
1Y
-44.3%
XRO
AU$83.89
Xero
7D
1.9%
1Y
-51.2%

XERO Limited's Technical Analysis

1. Momentum & Trend Indicators The MACD is positive at 0.42, suggesting bullish momentum, yet the share price (A$122.35) is just above the 20-day EMA(121.06) and below the 50-day SMA(120.80) – a tug-of-war that keeps the overall trend “neutral-to-bullish”.
TNE
AU$26.30
Technology One
7D
5.5%
1Y
-10.4%

TNE: Higher Growth Assumptions And Margins Will Support Future Upside

Analysts have trimmed their price target on Technology One to A$32.23 from A$34.87. This reflects updated assumptions around a slightly higher discount rate, modestly stronger revenue growth at 14.47%, a marginally higher profit margin of 25.71%, and a lower future P/E of 57.47x.
WTC
AU$47.57
WiseTech Global
7D
-2.9%
1Y
-48.1%
VR1
AU$0.032
Vection Technologies
7D
23.1%
1Y
18.5%
EOL
AU$14.36
Energy One
7D
-6.8%
1Y
43.3%
OCL
AU$12.83
Objective
7D
0.5%
1Y
-14.1%
CAT
AU$3.64
Catapult Sports
7D
2.0%
1Y
-4.7%

CAT: Next Generation Performance Platform Will Support Outperformance Over The Coming Year

Analysts have reduced their Catapult Sports fair value estimate from A$6.28 to A$6.10, reflecting slightly softer assumptions on long term profit margins and revenue growth, together with a higher implied future P/E multiple. What's in the News Catapult announced Perch P2, the next generation of its athlete performance ecosystem focused on velocity based training for programming and assessing athlete readiness and training.
SDR
AU$3.14
SiteMinder
7D
-10.0%
1Y
-34.9%
FCL
AU$2.41
FINEOS Corporation Holdings
7D
-9.1%
1Y
41.8%
PPS
AU$0.76
Praemium
7D
6.3%
1Y
2.0%
BVS
AU$2.14
Bravura Solutions
7D
5.9%
1Y
-13.7%

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.
HSN
AU$5.07
Hansen Technologies
7D
-3.1%
1Y
0%

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.