Australian (ASX) Software Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 02 Jul 2026	AU$50.6b	AU$9.0b	AU$639.5m	18.7x	79.1x	5.6x
Sat, 30 May 2026	AU$51.5b	AU$8.9b	AU$627.0m	22.5x	82.1x	5.8x
Mon, 27 Apr 2026	AU$55.7b	AU$8.4b	AU$725.7m	23.9x	76.7x	6.6x
Wed, 25 Mar 2026	AU$51.0b	AU$8.6b	AU$737.9m	21.6x	69.1x	5.9x
Fri, 20 Feb 2026	AU$57.6b	AU$8.1b	AU$622.8m	31x	92.4x	7.1x
Sun, 18 Jan 2026	AU$72.0b	AU$8.2b	AU$653.1m	33.9x	110.2x	8.8x
Tue, 16 Dec 2025	AU$75.9b	AU$8.2b	AU$655.5m	33.8x	115.7x	9.2x
Thu, 13 Nov 2025	AU$85.4b	AU$8.1b	AU$636.2m	35.3x	134.2x	10.5x
Sat, 11 Oct 2025	AU$100.0b	AU$8.1b	AU$635.1m	34.6x	157.5x	12.4x
Mon, 08 Sep 2025	AU$98.0b	AU$8.1b	AU$641.3m	33.4x	152.9x	12.1x
Wed, 06 Aug 2025	AU$106.0b	AU$8.0b	AU$550.1m	73.8x	192.8x	13.3x
Fri, 04 Jul 2025	AU$101.6b	AU$8.0b	AU$534.9m	76.4x	189.9x	12.7x
Sun, 01 Jun 2025	AU$100.7b	AU$8.1b	AU$542.4m	101x	185.7x	12.5x
Tue, 29 Apr 2025	AU$81.4b	AU$7.8b	AU$484.9m	62.2x	167.9x	10.4x
Thu, 27 Mar 2025	AU$81.8b	AU$7.9b	AU$416.7m	59.8x	196.3x	10.4x
Sat, 22 Feb 2025	AU$100.7b	AU$7.6b	AU$325.1m	67x	309.7x	13.2x
Mon, 20 Jan 2025	AU$95.0b	AU$7.6b	AU$286.8m	69x	331.3x	12.4x
Wed, 18 Dec 2024	AU$97.6b	AU$7.7b	AU$274.8m	68.9x	355.2x	12.7x
Fri, 15 Nov 2024	AU$97.4b	AU$7.4b	AU$229.9m	64.9x	423.9x	13.1x
Sun, 13 Oct 2024	AU$95.4b	AU$7.4b	AU$212.5m	63.7x	448.9x	12.9x
Tue, 10 Sep 2024	AU$88.1b	AU$7.5b	AU$198.6m	66.9x	443.5x	11.8x
Thu, 08 Aug 2024	AU$71.2b	AU$7.3b	-AU$196,172,500.60	60.2x	-363.1x	9.8x
Sat, 06 Jul 2024	AU$84.5b	AU$7.7b	-AU$94,781,119.61	59.4x	-892x	10.9x
Mon, 03 Jun 2024	AU$83.7b	AU$7.8b	-AU$96,529,790.08	62.4x	-867.1x	10.8x
Wed, 01 May 2024	AU$79.4b	AU$7.6b	-AU$316,191,617.25	62.8x	-251.2x	10.5x
Fri, 29 Mar 2024	AU$81.5b	AU$7.6b	-AU$389,305,616.27	63x	-209.4x	10.7x
Sun, 25 Feb 2024	AU$75.9b	AU$7.6b	-AU$529,189,887.92	52.6x	-143.5x	10x
Tue, 23 Jan 2024	AU$70.4b	AU$8.4b	-AU$1,048,425,769.00	60.5x	-67.1x	8.4x
Thu, 21 Dec 2023	AU$69.2b	AU$8.4b	-AU$1,046,918,083.00	60.8x	-66.1x	8.3x
Sat, 18 Nov 2023	AU$64.8b	AU$8.4b	-AU$1,057,816,818.00	57.5x	-61.3x	7.8x
Mon, 16 Oct 2023	AU$65.7b	AU$8.1b	-AU$1,112,355,359.00	57.9x	-59.1x	8.1x
Wed, 13 Sep 2023	AU$68.7b	AU$8.1b	-AU$1,117,115,883.00	60x	-61.5x	8.5x
Fri, 11 Aug 2023	AU$73.9b	AU$7.7b	-AU$892,224,383.00	51.3x	-82.8x	9.6x
Sun, 09 Jul 2023	AU$68.2b	AU$7.7b	-AU$890,393,077.00	49.6x	-76.6x	8.8x

Current Industry PE

Investors are optimistic on the Australian Software industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 79.1x which is higher than its 3-year average PE of 33.7x.

The 3-year average PS ratio of 10.1x is higher than the industry's current PS ratio of 5.6x.

Past Earnings Growth

Total earnings for the Software industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 5.3% per year.
This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Tech industry?


AU Market	-0.83%
Tech	1.17%
Software	2.76%
Systems Software	15.61%
Application Software	2.65%

Industry PE

Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 2kx.

Analysts are expecting annual earnings growth of 23.9%, which is higher than its past year's earnings growth of 10.5% per year.

Forecasted Growth

Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 57% over the next 5 years.

In contrast, the Application Software industry is expected to see its earnings grow by 24% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
360 Life360	AU$27.19	13.8% +AU$799.8m	-16.3%	PE30.5x
XRO Xero	AU$71.23	5.0% +AU$576.5m	-59.6%	PE88.1x
WTC WiseTech Global	AU$32.36	3.1% +AU$323.4m	-70.8%	PE45.8x
TNE Technology One	AU$29.73	1.8% +AU$176.3m	-27.0%	PE68.6x
EIQ Echo IQ	AU$1.75	8.4% +AU$89.2m	600.0%	PS12721.6x

ION Video Limited Announces Advisory Board Appointments

ION Video Limited announced that three additional technology and media industry executives have agreed to join the Company's Advisory Board. The Company considers each appointment strategically important given the depth of experience these individuals bring across streaming infrastructure, artificial intelligence, government technology and broadcast media, and the role the Advisory Board is intended to play in supporting the Company's commercial strategy. The Company has entered into substantially similar Advisory Board agreements with each of the Advisory Board members referred to in this announcement. Daniel Sanders is an architect of the modern streaming economy. At Pluto TV, acquired by Paramount in a landmark USD 340 million transaction in 2019, Mr. Sanders helped drive the transformation that took Pluto TV from a promising start-up to a billion-dollar revenue business. He subsequently served at Univision, where he architected and delivered ViX, built to serve over 600 million Spanish speakers across the Americas. He launched both AVOD and SVOD tiers within a single year while delivering live events to millions of concurrent viewers simultaneously. Earlier roles at Verizon Digital Media Services and Sony Pictures gave Mr. Sanders command of both the infrastructure and content sides of the industry, leading video platform engineering, cloud strategy and mergers and acquisitions integration at organizations operating at global scale. Dr Kellee Franklin operates at the highest levels of government. With Top Secret security clearance, Dr Franklin has advised U.S. government agencies including the White House, the Pentagon and National Intelligence agencies on the technologies that shape the future. Dr Franklin advises senior corporate executives worldwide on transformative technology adoption. She partners with leading venture capitalists and start-ups to drive AI governance and infrastructure into the highest-impact domains, from national security to enterprise transformation. Dr Franklin holds a doctorate in Human Development from Virginia Polytechnic Institute and State University. Howard Bolter has spent 20 years building television networks from the ground up, across every platform the industry has produced. His executive and senior leadership roles have taken him across organizations running budgets from USD 1 million to over USD 300 million annually. His career spans the four major US broadcast networks, cable, syndication, OTT, SVOD and FAST channels across both domestic and international markets. As an author, his recently published book From Stream to Screen: An Insider's Guide to Understanding and Building Streaming Networks has become a definitive blueprint for operators in the modern media landscape. He brings deep expertise in cloud-based systems, virtual reality, modern distribution workflows and the media formats driving the industry forward. ION has recently established an Advisory Board to support the Company's commercialisation strategy as it engages with prospective enterprise customers, strategic partners and industry participants globally. The Advisory Board is intended to provide: strategic guidance regarding industry positioning and commercial engagement; access to relevant industry networks and introductions and; sector-specific expertise relevant to ION's target markets. ION considers industry relationships and domain expertise important as the Company continues to progress discussions with organizations operating across media, technology, enterprise infrastructure and government markets. The Advisory Board is intended to operate as a strategic advisory body supporting the Company's management and Board. Advisory Board members are not directors of the Company and do not have authority to act on behalf of the Company or participate in Board decision-making. The Company intends to appoint additional Advisory Board members over time across selected industry verticals aligned with ION's commercial objectives.

Australian (ASX) Software Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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