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Australian (ASX) Software Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies69
  • 7D0.3%
  • 3M-10.4%
  • 1Y-50.3%
  • YTD-31.0%

Last week, the Software industry hasn't moved much but Life360 is up 5.6% in that time. As for the longer term, the industry has declined 50% in the last year. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026AU$51.5bAU$8.9bAU$625.3m22.6x82.3x5.8x
Tue, 28 Apr 2026AU$55.1bAU$8.4bAU$723.8m24.2x76.1x6.5x
Thu, 26 Mar 2026AU$51.5bAU$8.6bAU$737.5m21.8x69.8x6x
Sat, 21 Feb 2026AU$55.4bAU$8.1bAU$622.0m31.1x89.1x6.9x
Mon, 19 Jan 2026AU$72.0bAU$8.2bAU$653.1m33.9x110.2x8.8x
Wed, 17 Dec 2025AU$74.1bAU$8.2bAU$656.2m33.8x112.9x9x
Fri, 14 Nov 2025AU$82.4bAU$8.3bAU$668.8m35.9x123.1x9.9x
Sun, 12 Oct 2025AU$100.0bAU$8.1bAU$640.5m34.6x156.2x12.3x
Tue, 09 Sep 2025AU$99.6bAU$8.1bAU$640.1m33.7x155.6x12.3x
Thu, 07 Aug 2025AU$107.0bAU$8.0bAU$548.2m76.4x195.1x13.4x
Sat, 05 Jul 2025AU$102.5bAU$8.0bAU$535.7m77.5x191.3x12.8x
Mon, 02 Jun 2025AU$100.7bAU$8.1bAU$542.4m101x185.7x12.5x
Wed, 30 Apr 2025AU$82.6bAU$7.8bAU$484.8m63.8x170.4x10.6x
Fri, 28 Mar 2025AU$82.1bAU$7.9bAU$417.2m61.9x196.9x10.4x
Sun, 23 Feb 2025AU$100.7bAU$7.6bAU$327.6m66.4x307.4x13.2x
Tue, 21 Jan 2025AU$95.9bAU$7.6bAU$287.2m69.9x334x12.6x
Thu, 19 Dec 2024AU$98.2bAU$7.7bAU$274.2m69.3x358.2x12.8x
Sat, 16 Nov 2024AU$101.1bAU$7.6bAU$268.8m65.3x376x13.2x
Mon, 14 Oct 2024AU$95.4bAU$7.4bAU$212.5m63.7x448.9x12.9x
Wed, 11 Sep 2024AU$88.8bAU$7.5bAU$199.3m66.2x445.6x11.9x
Fri, 09 Aug 2024AU$71.6bAU$7.3b-AU$196,900,168.9459.1x-363.6x9.8x
Sun, 07 Jul 2024AU$84.6bAU$7.7b-AU$94,543,155.7159.4x-894.5x10.9x
Tue, 04 Jun 2024AU$83.0bAU$7.8b-AU$96,314,496.9261.7x-861.3x10.7x
Thu, 02 May 2024AU$78.2bAU$7.6b-AU$368,655,264.4963.4x-212.2x10.3x
Sat, 30 Mar 2024AU$81.5bAU$7.6b-AU$389,083,428.7663x-209.5x10.7x
Mon, 26 Feb 2024AU$75.9bAU$7.6b-AU$529,189,887.9252.6x-143.5x10x
Wed, 24 Jan 2024AU$70.9bAU$8.4b-AU$1,048,327,460.0060.6x-67.7x8.4x
Fri, 22 Dec 2023AU$68.7bAU$8.4b-AU$1,047,055,382.0060.6x-65.7x8.2x
Sun, 19 Nov 2023AU$64.8bAU$8.4b-AU$1,057,783,285.0057.5x-61.3x7.8x
Tue, 17 Oct 2023AU$65.7bAU$8.1b-AU$1,112,300,271.0057.9x-59.1x8.1x
Thu, 14 Sep 2023AU$67.8bAU$8.1b-AU$1,117,366,462.0059.9x-60.7x8.4x
Sat, 12 Aug 2023AU$73.4bAU$7.7b-AU$892,267,829.0050.7x-82.2x9.5x
Mon, 10 Jul 2023AU$68.2bAU$7.7b-AU$890,393,077.0049.6x-76.6x8.8x
Wed, 07 Jun 2023AU$68.0bAU$7.7b-AU$896,651,431.0051x-75.8x8.8x
Price to Earnings Ratio

-75.8x


Total Market Cap: AU$68.0bTotal Earnings: -AU$896,651,431.00Total Revenue: AU$7.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Software Industry Price to Earnings3Y Average 29.1x202420252026
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 82.3x which is higher than its 3-year average PE of 29.1x.
  • The 3-year average PS ratio of 10.2x is higher than the industry's current PS ratio of 5.8x.
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 5.0% 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%
Tech2.47%
Software0.30%
Systems Software3.75%
Application Software0.27%
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 26.4%, 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 26% 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$19.335.6%
+AU$248.0m		-42.0%PE22.6x
SDR SiteMinderAU$3.5025.9%
+AU$203.0m		-23.9%PS3.9x
TNE Technology OneAU$29.841.2%
+AU$111.0m		-27.3%PE68.8x
IRE IressAU$6.014.9%
+AU$52.0m		-30.6%PE14.1x
BRN BrainChip HoldingsAU$0.1710.0%
+AU$34.1m		-19.5%PS143x

Latest News

BRN
AU$0.17
BrainChip Holdings
7D
10.0%
1Y
-19.5%
Analysis Article • 23h

Here's Why We're Not Too Worried About BrainChip Holdings' (ASX:BRN) Cash Burn Situation

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
JAN
AU$0.10
Janison Education Group
7D
-16.7%
1Y
-28.6%
OCL
AU$10.47
Objective
7D
3.2%
1Y
-45.6%
Narrative Update • May 29

OCL: Stable Assumptions And Cash Distribution Will Support Longer Term Upside

Analysts have kept the A$ price target effectively unchanged, making only marginal adjustments to the discount rate and forward P/E assumptions that leave their overall valuation view steady. Valuation Changes Fair Value: A$15.93 remains unchanged, indicating no revision to the core valuation estimate.
IRE
AU$6.01
Iress
7D
4.9%
1Y
-30.6%
360
AU$19.33
Life360
7D
5.6%
1Y
-42.0%
WTC
AU$36.01
WiseTech Global
7D
-2.9%
1Y
-66.4%
CAT
AU$3.37
Catapult Sports
7D
-5.6%
1Y
-42.4%
TNE
AU$29.84
Technology One
7D
1.2%
1Y
-27.3%
NXL
AU$1.39
Nuix
7D
5.3%
1Y
-44.2%
Narrative Update • May 24

NXL: Neo Platform Execution Will Support Retention And Contract Value Upside

Narrative update on Nuix Analysts have nudged their price target on Nuix to A$2.30 from A$2.15, citing the recent upgrade to Outperform and increased confidence that the Neo migration strategy can support net dollar retention and Annual Contract Value growth. Analyst Commentary Recent research has highlighted both optimism and caution around Nuix, with the latest upgrade and price target of A$2.30 framed against past turbulence and execution questions.
XRO
AU$75.17
Xero
7D
-0.9%
1Y
-59.2%
EIQ
AU$1.35
Echo IQ
7D
-3.6%
1Y
451.0%
DUG
AU$2.39
DUG Technology
7D
6.2%
1Y
113.4%
HSN
AU$4.64
Hansen Technologies
7D
-2.3%
1Y
-9.0%
Narrative Update • May 15

HSN: Cloud Partnerships And 2026 Second Half Outlook Will Support Upside Potential

Analysts have revised their price target on Hansen Technologies to A$5.30, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E that together leave their fair value view broadly unchanged at A$5.30. What's in the News Hansen Technologies partnered with Los Angeles County Waterworks Districts to replace legacy customer information systems with a cloud-based SaaS platform that supports web and phone self-service, including an AI Virtual Agent for high-volume customer interactions such as billing, payments, and service requests (Client announcement).
DUB
AU$0.01
Dubber
7D
-16.7%
1Y
-37.5%
FCL
AU$2.57
FINEOS Corporation Holdings
7D
-4.8%
1Y
10.8%
SDR
AU$3.50
SiteMinder
7D
25.9%
1Y
-23.9%