Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Application Software Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies64
  • 7D13.2%
  • 3M-14.7%
  • 1Y-28.2%
  • YTDn/a

In the last week, the Application Software industry is up 17%, with WiseTech Global up 18%. During this same period, the Vinyl Group underperformed, falling 5.7%. In contrast, the industry has lost 30% in the last 12 months. Looking forward, 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, 22 Apr 2026AU$56.6bAU$8.3bAU$800.7m25.3x70.7x6.8x
Fri, 20 Mar 2026AU$51.0bAU$8.4bAU$807.3m21.3x63.1x6.1x
Sun, 15 Feb 2026AU$51.0bAU$7.9bAU$656.5m28.2x77.8x6.4x
Tue, 13 Jan 2026AU$72.9bAU$8.0bAU$705.7m35.3x103.3x9.1x
Thu, 11 Dec 2025AU$76.7bAU$8.1bAU$709.7m34.4x108.1x9.5x
Sat, 08 Nov 2025AU$84.9bAU$7.9bAU$694.1m35.8x122.3x10.7x
Mon, 06 Oct 2025AU$100.9bAU$7.9bAU$693.8m35.2x145.4x12.7x
Wed, 03 Sep 2025AU$99.0bAU$8.0bAU$698.6m33x141.7x12.4x
Fri, 01 Aug 2025AU$107.5bAU$7.8bAU$590.9m75.4x181.9x13.7x
Sun, 29 Jun 2025AU$99.2bAU$7.8bAU$590.0m77x168.1x12.6x
Tue, 27 May 2025AU$97.2bAU$7.9bAU$590.0m95.3x164.8x12.3x
Thu, 24 Apr 2025AU$79.6bAU$7.7bAU$536.8m61.7x148.3x10.4x
Sat, 22 Mar 2025AU$80.4bAU$7.8bAU$469.7m59.6x171.1x10.4x
Mon, 17 Feb 2025AU$101.8bAU$7.5bAU$417.4m54.9x243.9x13.6x
Wed, 15 Jan 2025AU$94.4bAU$7.5bAU$353.0m70.2x267.5x12.6x
Fri, 13 Dec 2024AU$97.6bAU$7.5bAU$349.2m64.9x279.4x13x
Sun, 10 Nov 2024AU$95.5bAU$7.3bAU$282.3m64.2x338.4x13.2x
Tue, 08 Oct 2024AU$93.6bAU$7.2bAU$285.4m64.5x327.9x13x
Thu, 05 Sep 2024AU$86.5bAU$7.4bAU$280.3m66x308.6x11.8x
Sat, 03 Aug 2024AU$74.9bAU$7.1b-AU$97,744,605.7961.4x-766.5x10.5x
Mon, 01 Jul 2024AU$85.3bAU$7.6bAU$2.4m61.6x35032.1x11.2x
Wed, 29 May 2024AU$83.6bAU$7.6b-AU$1,220,210.0463.3x-68547.8x11x
Fri, 26 Apr 2024AU$78.0bAU$7.5b-AU$272,877,007.4062.8x-285.7x10.4x
Sun, 24 Mar 2024AU$81.9bAU$7.5b-AU$287,690,781.9861.3x-284.8x11x
Tue, 20 Feb 2024AU$71.7bAU$7.5b-AU$654,051,906.0051.8x-109.6x9.6x
Thu, 18 Jan 2024AU$67.5bAU$8.1b-AU$927,775,377.0058.4x-72.8x8.3x
Sat, 16 Dec 2023AU$68.2bAU$8.1b-AU$926,272,792.0060.7x-73.7x8.4x
Mon, 13 Nov 2023AU$61.8bAU$8.1b-AU$981,223,183.0055.2x-63x7.6x
Wed, 11 Oct 2023AU$65.0bAU$7.8b-AU$989,100,635.0057.5x-65.7x8.3x
Fri, 08 Sep 2023AU$68.7bAU$7.8b-AU$994,843,517.0060.7x-69.1x8.8x
Sun, 06 Aug 2023AU$74.0bAU$7.5b-AU$764,858,835.0051.7x-96.7x9.9x
Tue, 04 Jul 2023AU$68.9bAU$7.5b-AU$761,738,928.0049.5x-90.5x9.2x
Thu, 01 Jun 2023AU$67.2bAU$7.5b-AU$793,190,927.0045.2x-84.7x9x
Sat, 29 Apr 2023AU$62.0bAU$7.3b-AU$730,282,921.0047.9x-84.9x8.5x
Price to Earnings Ratio

-84.9x


Total Market Cap: AU$62.0bTotal Earnings: -AU$730,282,921.00Total Revenue: AU$7.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Application Software Industry Price to Earnings3Y Average 1593.5x202420252026
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 70.7x 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 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 4.3% 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 Market0.21%
Tech11.31%
Software13.25%
Application Software13.25%
Systems Software13.97%
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$45.7914.6%
+AU$1.9b		-45.8%PE67.3x
XRO XeroAU$82.7410.2%
+AU$1.3b		-47.5%PE63.9x
360 Life360AU$21.6814.4%
+AU$660.8m		7.3%PE24.9x
TNE Technology OneAU$30.315.2%
+AU$489.6m		6.2%PE71.9x
FCL FINEOS Corporation HoldingsAU$2.6617.7%
+AU$137.9m		37.1%PE593.9x

Latest News

TNE
AU$30.31
Technology One
7D
5.2%
1Y
6.2%
ESK
AU$0.61
Etherstack
7D
-1.6%
1Y
159.6%
360
AU$21.68
Life360
7D
14.4%
1Y
7.3%
XRO
AU$82.74
Xero
7D
10.2%
1Y
-47.5%

XRO: AI Partnership And Upgrade Will Shape Future Earnings And Execution Risk

Analysts have trimmed their Xero price target by about A$1 to around A$83.66, reflecting a slightly higher discount rate, modest adjustments to long term revenue growth and profit margin assumptions, and updated long run P/E expectations following recent research, including an upgrade from RBC Capital. Analyst Commentary Even with the recent upgrade, the latest research around Xero still includes a clear set of caution flags that readers should keep in mind when thinking about risk and return.
EIQ
AU$1.18
Echo IQ
7D
15.1%
1Y
268.8%
WTC
AU$45.79
WiseTech Global
7D
14.6%
1Y
-45.8%

WTC: Execution And Integration Discipline Will Shape Future Earnings And Dividend Outcomes

Analysts have reduced their WiseTech Global price target to about A$47.52 from roughly A$56.40, reflecting updated views on growth, margins and valuation multiples. Analyst Commentary Recent revisions to WiseTech Global price targets highlight a more cautious tone from some bearish analysts, even as interest in the broader logistics and software space continues.
VNL
AU$0.081
Vinyl Group
7D
-5.8%
1Y
-14.7%
HSN
AU$5.04
Hansen Technologies
7D
9.6%
1Y
-1.4%

HSN: Canadian Partnership And 2026 Second Half Outlook Will Support Upside

Analysts have made only a slight adjustment to their A$ price target for Hansen Technologies, reflecting largely unchanged fair value estimates, along with small tweaks to discount rate, revenue growth and profit margin assumptions within their P/E based models. What's in the News Hansen Technologies entered into a partnership with ERTH Holdings Inc.
BVS
AU$2.23
Bravura Solutions
7D
11.5%
1Y
-2.6%

BVS: Higher Earnings Visibility And Dividends May Support Future Share Rebound

Analysts have lifted their A$ price target for Bravura Solutions, citing revised assumptions for improved revenue growth along with slightly lower discount and P/E inputs as the main factors behind the change. Analyst Commentary Bullish analysts are framing the latest A$ price target move for Bravura Solutions as a sign of increasing confidence in the company’s ability to execute on its revenue plans, especially with updated assumptions that point to a stronger top line and a refined valuation framework.
W2V
AU$0.07
Way 2 Vat
7D
-12.5%
1Y
16.7%
FCL
AU$2.66
FINEOS Corporation Holdings
7D
17.7%
1Y
37.1%
HTG
AU$0.011
Harvest Technology Group
7D
-8.0%
1Y
-28.1%
ATV
AU$0.011
ActivePort Group
7D
-8.3%
1Y
-8.3%
IOV
AU$0.24
Ion Video
7D
-20.0%
1Y
140.0%
3DP
AU$0.029
Pointerra
7D
-6.5%
1Y
-67.0%
FLX
AU$0.086
Felix Group Holdings
7D
-9.5%
1Y
-59.5%