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Australian (ASX) Software Industry Analysis

UpdatedJul 05, 2026
DataAggregated Company Financials
Companies69
  • 7D5.1%
  • 3M2.8%
  • 1Y-50.3%
  • YTD-30.9%

In the last week, the Software industry is up 5.1%, with Life360 up 17%. In the same time, Objective was down 36%. In the past year, the industry is down 50%. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Jul 2026AU$51.5bAU$9.0bAU$637.2m19.1x80.9x5.7x
Tue, 02 Jun 2026AU$51.5bAU$8.9bAU$625.3m22.6x82.3x5.8x
Thu, 30 Apr 2026AU$53.7bAU$8.4bAU$724.3m23.4x74.2x6.4x
Sat, 28 Mar 2026AU$50.4bAU$8.6bAU$741.9m21.2x68x5.9x
Mon, 23 Feb 2026AU$55.1bAU$8.0bAU$620.4m27x88.8x6.9x
Wed, 21 Jan 2026AU$69.8bAU$8.2bAU$652.6m33.9x107x8.5x
Fri, 19 Dec 2025AU$74.5bAU$8.3bAU$657.8m37.8x113.2x9x
Sun, 16 Nov 2025AU$79.2bAU$8.3bAU$671.4m35.9x118x9.5x
Tue, 14 Oct 2025AU$98.0bAU$8.1bAU$636.6m34.3x154x12.1x
Thu, 11 Sep 2025AU$99.6bAU$8.1bAU$639.0m33.4x155.9x12.3x
Sat, 09 Aug 2025AU$106.4bAU$8.0bAU$547.6m75.6x194.3x13.3x
Mon, 07 Jul 2025AU$102.5bAU$8.0bAU$535.9m77.5x191.3x12.8x
Wed, 04 Jun 2025AU$99.9bAU$8.0bAU$540.6m80x184.8x12.5x
Fri, 02 May 2025AU$87.1bAU$7.8bAU$484.7m66.7x179.7x11.2x
Sun, 30 Mar 2025AU$79.2bAU$7.9bAU$416.7m61.6x190.2x10x
Tue, 25 Feb 2025AU$91.6bAU$7.6bAU$382.8m48.9x239.3x12x
Thu, 23 Jan 2025AU$98.2bAU$7.6bAU$288.3m70.4x340.7x12.9x
Sat, 21 Dec 2024AU$96.5bAU$7.7bAU$272.1m68.4x354.7x12.5x
Mon, 18 Nov 2024AU$101.1bAU$7.6bAU$268.6m65.3x376.3x13.2x
Wed, 16 Oct 2024AU$96.0bAU$7.4bAU$212.2m64.9x452.2x13x
Fri, 13 Sep 2024AU$90.8bAU$7.4bAU$198.6m67.2x457.3x12.2x
Sun, 11 Aug 2024AU$73.8bAU$7.3b-AU$206,777,324.9360.2x-356.8x10.1x
Tue, 09 Jul 2024AU$84.6bAU$7.7b-AU$94,591,430.0758.2x-893.9x10.9x
Thu, 06 Jun 2024AU$82.1bAU$7.8b-AU$94,759,664.9762.6x-866.2x10.5x
Sat, 04 May 2024AU$79.9bAU$7.6b-AU$322,913,652.5863.8x-247.4x10.6x
Mon, 01 Apr 2024AU$81.5bAU$7.6b-AU$389,080,811.5563x-209.5x10.7x
Wed, 28 Feb 2024AU$78.2bAU$7.7b-AU$506,363,309.7356.9x-154.3x10.2x
Fri, 26 Jan 2024AU$69.7bAU$8.4b-AU$1,048,470,783.0060.8x-66.5x8.3x
Sun, 24 Dec 2023AU$68.8bAU$8.4b-AU$1,046,713,887.0060.7x-65.8x8.2x
Tue, 21 Nov 2023AU$64.6bAU$8.3b-AU$1,057,470,964.0056.8x-61.1x7.7x
Thu, 19 Oct 2023AU$64.3bAU$8.1b-AU$1,119,118,282.0057.5x-57.4x8x
Sat, 16 Sep 2023AU$68.2bAU$8.1b-AU$1,117,077,104.0059.9x-61x8.5x
Mon, 14 Aug 2023AU$73.4bAU$7.7b-AU$892,660,153.0050.5x-82.2x9.5x
Wed, 12 Jul 2023AU$69.5bAU$7.7b-AU$890,950,686.0050.7x-78x9x
Price to Earnings Ratio

-78x


Total Market Cap: AU$69.5bTotal Earnings: -AU$890,950,686.00Total Revenue: AU$7.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Software Industry Price to Earnings3Y Average 34.2x202420252026
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 80.9x which is higher than its 3-year average PE of 34.2x.
  • The 3-year average PS ratio of 10.1x is higher than the industry's current PS ratio of 5.7x.
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 5.2% 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 Market0.98%
Tech2.39%
Software5.12%
Systems Software9.21%
Application Software5.09%
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 24.2%, 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?

CompanyLast Price7D1YValuation
360 Life360AU$27.4616.7%
+AU$955.4m		-17.1%PE31x
XRO XeroAU$72.254.6%
+AU$545.8m		-59.4%PE89.5x
TNE Technology OneAU$30.485.6%
+AU$525.5m		-24.6%PE70.3x
WTC WiseTech GlobalAU$32.964.5%
+AU$470.1m		-70.6%PE46.9x
IRE IressAU$6.345.7%
+AU$63.2m		-18.5%PE14.9x

Latest News

XRO
AU$72.25
Xero
7D
4.6%
1Y
-59.4%
EIQ
AU$1.65
Echo IQ
7D
3.8%
1Y
560.0%
OCL
AU$6.75
Objective
7D
-35.7%
1Y
-63.6%
CAT
AU$3.04
Catapult Sports
7D
4.5%
1Y
-47.6%
360
AU$27.46
Life360
7D
16.7%
1Y
-17.1%
TNE
AU$30.48
Technology One
7D
5.6%
1Y
-24.6%
IRE
AU$6.34
Iress
7D
5.7%
1Y
-18.5%
Narrative Update • Jun 26

IRE: New BitDelta Partnership Will Support Multi Asset Trading Upside

Analysts have trimmed their A$ price targets for Iress, citing a lower fair value estimate and a slightly higher discount rate, and also acknowledging updated assumptions for revenue contraction, profit margins and future P/E multiples. What’s in the News for Iress Iress announced a multi-year partnership with BitDelta Pro, aimed at extending its trading and market data capabilities across high growth international markets.
QOR
AU$0.24
Qoria
7D
14.3%
1Y
-48.4%
Narrative Update • Jun 26

QOR: Higher Margins And Upcoming Shareholder Meeting Will Support Future Upside

Analysts have reduced their fair value estimate for Qoria from A$0.90 to A$0.52, citing updated assumptions that reflect a higher discount rate, more conservative revenue growth, an improved profit margin outlook, and a lower future P/E multiple. What's in the News for Qoria Qoria has scheduled a Special or Extraordinary Shareholders Meeting for 2 July 2026.
ODA
AU$0.099
Orcoda
7D
-17.5%
1Y
65.0%
PHX
AU$0.12
PharmX Technologies
7D
-7.7%
1Y
30.4%
WTC
AU$32.96
WiseTech Global
7D
4.5%
1Y
-70.6%
Narrative Update • Jun 23

WTC: AI Restructuring And Reaffirmed 2026 Guidance Will Underpin Recovery Potential

Analysts have nudged their WiseTech Global fair value estimate higher to about A$75.22 from roughly A$74.50, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E as the basis for the refined price target. Analyst Commentary Recent commentary around WiseTech Global points to a mixed but engaged analyst community, with views clustering around how sustainable the company’s growth assumptions and margin profile may be and how that should feed into fair value.
DUG
AU$2.24
DUG Technology
7D
-1.8%
1Y
51.4%
Narrative Update • Jun 17

DUG: Firmer Margins And Earnings Outlook Will Support A Stronger Share Price

Analysts have slightly raised their price target for DUG Technology to A$2.47 from A$2.43, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What’s in the News for DUG Technology No recent company specific news items for DUG Technology were identified in the provided sources.
VNL
AU$0.052
Vinyl Group
7D
-8.0%
1Y
-56.7%
IOD
AU$0.11
IODM
7D
-15.4%
1Y
0%
ROC
AU$0.25
RocketBoots
7D
-7.4%
1Y
208.6%
PKY
AU$0.062
Pathkey.AI
7D
-12.7%
1Y
129.6%