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Australian (ASX) Software Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies69
  • 7D-6.5%
  • 3M-5.1%
  • 1Y-48.5%
  • YTD-27.2%

Last week, the Software industry hasn't moved much but BrainChip Holdings is up 5.7% in that time. As for the longer term, the industry has declined 47% in the last year. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Jun 2026AU$54.3bAU$9.0bAU$631.6m25.6x86x6.1x
Fri, 08 May 2026AU$55.6bAU$8.4bAU$719.0m23.4x77.4x6.6x
Sun, 05 Apr 2026AU$50.0bAU$8.5bAU$741.7m21.1x67.5x5.9x
Tue, 03 Mar 2026AU$57.2bAU$8.4bAU$572.9m32.1x99.9x6.8x
Thu, 29 Jan 2026AU$67.5bAU$8.1bAU$640.1m32.6x105.4x8.3x
Sat, 27 Dec 2025AU$75.6bAU$8.2bAU$654.2m37.8x115.6x9.2x
Mon, 24 Nov 2025AU$76.4bAU$8.3bAU$661.0m35.1x115.5x9.3x
Wed, 22 Oct 2025AU$96.1bAU$8.1bAU$638.9m35.2x150.4x11.8x
Fri, 19 Sep 2025AU$101.0bAU$8.1bAU$635.4m34.3x159x12.5x
Sun, 17 Aug 2025AU$105.2bAU$8.1bAU$578.1m76.3x182x13x
Tue, 15 Jul 2025AU$100.7bAU$8.0bAU$534.5m54.8x188.4x12.6x
Thu, 12 Jun 2025AU$100.6bAU$8.0bAU$538.2m77.8x186.9x12.6x
Sat, 10 May 2025AU$89.0bAU$7.8bAU$482.8m69.7x184.3x11.4x
Mon, 07 Apr 2025AU$73.1bAU$8.0bAU$429.4m57.2x170.3x9.1x
Wed, 05 Mar 2025AU$86.2bAU$7.9bAU$419.3m56.9x205.5x10.9x
Fri, 31 Jan 2025AU$100.3bAU$7.6bAU$288.2m71x348x13.1x
Sun, 29 Dec 2024AU$98.2bAU$7.7bAU$272.3m67.3x360.5x12.7x
Tue, 26 Nov 2024AU$98.3bAU$7.6bAU$276.2m63.8x355.9x12.9x
Thu, 24 Oct 2024AU$86.1bAU$7.4bAU$211.0m63.8x408.3x11.7x
Sat, 21 Sep 2024AU$93.0bAU$7.4bAU$200.0m67.9x464.7x12.5x
Mon, 19 Aug 2024AU$77.4bAU$7.3b-AU$105,050,246.7562.1x-736.8x10.6x
Wed, 17 Jul 2024AU$85.8bAU$7.7b-AU$96,568,522.5860.6x-888.9x11.1x
Fri, 14 Jun 2024AU$83.7bAU$7.8b-AU$91,479,257.1560.2x-914.6x10.7x
Sun, 12 May 2024AU$81.6bAU$7.6b-AU$316,527,083.5961.3x-257.8x10.8x
Tue, 09 Apr 2024AU$79.2bAU$7.6b-AU$384,030,604.2861.5x-206.3x10.4x
Thu, 07 Mar 2024AU$80.5bAU$7.7b-AU$408,800,569.2459.5x-196.8x10.4x
Sat, 03 Feb 2024AU$70.6bAU$8.4b-AU$1,048,426,198.0061.5x-67.4x8.4x
Mon, 01 Jan 2024AU$70.1bAU$8.4b-AU$1,046,719,625.0060x-66.9x8.4x
Wed, 29 Nov 2023AU$63.3bAU$8.4b-AU$1,049,522,542.0058.1x-60.3x7.5x
Fri, 27 Oct 2023AU$60.8bAU$8.1b-AU$1,119,228,541.0054.9x-54.4x7.5x
Sun, 24 Sep 2023AU$66.4bAU$8.1b-AU$1,117,449,857.0059.9x-59.5x8.2x
Tue, 22 Aug 2023AU$71.8bAU$7.8b-AU$841,495,405.0049.4x-85.3x9.2x
Thu, 20 Jul 2023AU$73.1bAU$7.7b-AU$889,270,871.0048x-82.2x9.5x
Sat, 17 Jun 2023AU$70.3bAU$7.7b-AU$895,287,775.0049.5x-78.5x9.2x
Price to Earnings Ratio

-78.5x


Total Market Cap: AU$70.3bTotal Earnings: -AU$895,287,775.00Total Revenue: AU$7.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Software Industry Price to Earnings3Y Average 30.6x202420252026
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 87.4x which is higher than its 3-year average PE of 30.6x.
  • The 3-year average PS ratio of 10.2x is higher than the industry's current PS ratio of 6.2x.
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-1.58%
Tech-3.54%
Software-6.50%
Application Software-6.47%
Systems Software-10.26%
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 26.0%, 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
BRN BrainChip HoldingsAU$0.185.7%
+AU$22.8m		-21.3%PS157.1x
PPS PraemiumAU$0.732.1%
+AU$7.3m		7.3%PE20.4x
ATV ActivePort GroupAU$0.0242.9%
+AU$6.8m		150.0%PS3x
FLX Felix Group HoldingsAU$0.07139.2%
+AU$6.0m		-63.6%PS2.2x
IS3 I Synergy GroupAU$0.2822.2%
+AU$3.5m		175.0%PS23.7x

Latest News

FCL
AU$2.20
FINEOS Corporation Holdings
7D
-12.0%
1Y
-2.2%
CAT
AU$3.52
Catapult Sports
7D
-10.9%
1Y
-43.7%
Narrative Update • Jun 07

CAT: Women’s Football Partnership And Performance Analytics Platform Will Support Future Upside

Analysts have nudged their price target for Catapult Sports slightly higher to A$5.57, citing updates to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Mercury13, a multi club ownership group focused on women's football, has entered a multi year partnership with Catapult Sports as its exclusive Official Elite Sports Performance Analytics and GPS Partner, and non exclusive Official Thought Leadership Partner.
TNE
AU$32.56
Technology One
7D
-0.8%
1Y
-23.6%
Narrative Update • Jun 06

TNE: Future Returns Will Rely On Dividends And Stable Market Expectations

Analysts have trimmed their price target for Technology One to around A$31.04 from about A$31.47, citing updated assumptions for slightly higher revenue growth, profit margins and a lower future P/E multiple. What's in the News Technology One announced an ordinary fully paid dividend of A$0.08 per security for the six months ended March 31, 2026, covering its latest half year period.
PPS
AU$0.73
Praemium
7D
2.1%
1Y
7.3%
Narrative Update • Jun 06

PPS: Stable Assumptions And Higher P/E Should Support Future Upside

Praemium's analyst price target has been adjusted slightly from A$1.23 to A$1.21. This reflects analysts' updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E.
FLX
AU$0.071
Felix Group Holdings
7D
39.2%
1Y
-63.6%
360
AU$22.36
Life360
7D
-3.1%
1Y
-31.9%
WTC
AU$38.00
WiseTech Global
7D
-10.0%
1Y
-64.8%
Narrative Update • Jun 05

WTC: AI Restructuring And Reaffirmed 2026 Guidance Will Support Share Recovery

Analysts have reduced their WiseTech Global price target to about A$74.50 from roughly A$91.60, citing slightly softer revenue growth assumptions, a marginally higher discount rate, tighter profit margin expectations and a lower future P/E multiple in their valuation work. Analyst Commentary Recent research on WiseTech Global highlights a mix of optimism about the company’s long term growth potential and caution around valuation and execution risk, which helps frame the reduced A$74.50 price target.
XRO
AU$78.42
Xero
7D
-9.9%
1Y
-59.2%
Narrative Update • Jun 03

XRO: AI And Melio Integration Will Support Stronger Future Returns

Analysts have trimmed their Xero price target from A$230.38 to A$203.09 as they factor in adjusted assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Xero reported FY26 operating revenue of about $2.75b to $2.8b, with US performance supported by the Melio acquisition and contributing to a very large uplift in US revenue and more than 110,000 new US customers.
SDR
AU$3.64
SiteMinder
7D
-6.2%
1Y
-21.2%
BVS
AU$2.22
Bravura Solutions
7D
-10.5%
1Y
-8.3%
BRN
AU$0.18
BrainChip Holdings
7D
5.7%
1Y
-21.3%
Analysis Article • May 30

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...
EXT
AU$0.007
Excite Technology Services
7D
16.7%
1Y
-36.4%
ATV
AU$0.02
ActivePort Group
7D
42.9%
1Y
150.0%
IS3
AU$0.28
I Synergy Group
7D
22.2%
1Y
175.0%
TAL
AU$0.078
Talius Group
7D
13.0%
1Y
30.0%
DWG
AU$0.17
DataWorks Group
7D
13.3%
1Y
70.0%