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Australian (ASX) Software Industry Analysis
UpdatedOct 16, 2025
DataAggregated Company Financials
Companies67
- 7D-0.6%
- 3M-6.1%
- 1Y1.6%
- YTD-2.4%
The Software industry has been flat over the last week, but Life360 has lost 4.3%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 26% annually.
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, 16 Oct 2025 | AU$98.5b | AU$8.1b | AU$636.7m | 35x | 154.8x | 12.1x |
| Sat, 13 Sep 2025 | AU$100.2b | AU$8.1b | AU$637.8m | 33.1x | 157.1x | 12.4x |
| Mon, 11 Aug 2025 | AU$106.4b | AU$8.0b | AU$547.5m | 75.6x | 194.3x | 13.3x |
| Wed, 09 Jul 2025 | AU$103.1b | AU$8.0b | AU$535.1m | 76.9x | 192.6x | 12.9x |
| Fri, 06 Jun 2025 | AU$101.5b | AU$8.0b | AU$538.7m | 79.5x | 188.4x | 12.7x |
| Sun, 04 May 2025 | AU$87.7b | AU$7.8b | AU$481.5m | 67.9x | 182.2x | 11.3x |
| Tue, 01 Apr 2025 | AU$78.8b | AU$7.9b | AU$418.4m | 61.1x | 188.3x | 10x |
| Thu, 27 Feb 2025 | AU$90.0b | AU$7.8b | AU$372.1m | 45.4x | 241.8x | 11.6x |
| Sat, 25 Jan 2025 | AU$97.9b | AU$7.6b | AU$289.0m | 69.9x | 338.9x | 12.8x |
| Mon, 23 Dec 2024 | AU$96.6b | AU$7.7b | AU$268.5m | 68.4x | 359.6x | 12.5x |
| Wed, 20 Nov 2024 | AU$103.5b | AU$7.7b | AU$277.2m | 63.1x | 373.3x | 13.5x |
| Fri, 18 Oct 2024 | AU$94.5b | AU$7.4b | AU$211.7m | 64.5x | 446.6x | 12.8x |
| Sun, 15 Sep 2024 | AU$90.4b | AU$7.4b | AU$198.8m | 66.5x | 454.4x | 12.1x |
| Tue, 13 Aug 2024 | AU$75.0b | AU$7.3b | -AU$206,126,515.42 | 59.3x | -363.8x | 10.3x |
| Thu, 11 Jul 2024 | AU$85.4b | AU$7.7b | -AU$96,206,604.31 | 60.2x | -887.2x | 11x |
| Sat, 08 Jun 2024 | AU$83.5b | AU$7.8b | -AU$82,404,421.95 | 62.4x | -1013x | 10.7x |
| Mon, 06 May 2024 | AU$79.9b | AU$7.6b | -AU$322,886,593.95 | 63.8x | -247.4x | 10.6x |
| Wed, 03 Apr 2024 | AU$81.5b | AU$7.6b | -AU$387,732,737.26 | 62.4x | -210.3x | 10.7x |
| Fri, 01 Mar 2024 | AU$79.4b | AU$7.7b | -AU$484,362,387.84 | 57.3x | -163.9x | 10.3x |
| Sun, 28 Jan 2024 | AU$69.7b | AU$8.4b | -AU$1,048,321,878.00 | 60.7x | -66.5x | 8.3x |
| Tue, 26 Dec 2023 | AU$68.8b | AU$8.4b | -AU$1,046,748,058.00 | 60.7x | -65.8x | 8.2x |
| Thu, 23 Nov 2023 | AU$63.7b | AU$8.3b | -AU$1,057,280,034.00 | 58.2x | -60.2x | 7.6x |
| Sat, 21 Oct 2023 | AU$62.3b | AU$8.1b | -AU$1,119,621,522.00 | 57.3x | -55.6x | 7.7x |
| Mon, 18 Sep 2023 | AU$69.5b | AU$8.1b | -AU$1,116,615,884.00 | 60.1x | -62.3x | 8.6x |
| Wed, 16 Aug 2023 | AU$74.6b | AU$7.8b | -AU$848,906,988.00 | 51x | -87.8x | 9.6x |
| Fri, 14 Jul 2023 | AU$70.4b | AU$7.7b | -AU$887,460,642.00 | 48x | -79.3x | 9.2x |
| Sun, 11 Jun 2023 | AU$67.3b | AU$7.7b | -AU$894,623,184.00 | 49.5x | -75.2x | 8.8x |
| Tue, 09 May 2023 | AU$61.8b | AU$7.5b | -AU$875,598,080.00 | 47.6x | -70.5x | 8.2x |
| Thu, 06 Apr 2023 | AU$61.6b | AU$7.5b | -AU$870,163,811.00 | 43.7x | -70.8x | 8.2x |
| Sat, 04 Mar 2023 | AU$57.5b | AU$7.4b | -AU$651,674,156.00 | 45.9x | -88.3x | 7.7x |
| Mon, 30 Jan 2023 | AU$57.1b | AU$7.1b | -AU$702,507,416.00 | 54.1x | -81.2x | 8.1x |
| Wed, 28 Dec 2022 | AU$52.9b | AU$7.1b | -AU$714,058,321.00 | 50.1x | -74x | 7.4x |
| Fri, 25 Nov 2022 | AU$54.5b | AU$7.1b | -AU$728,868,155.00 | 52.4x | -74.8x | 7.7x |
| Sun, 23 Oct 2022 | AU$53.9b | AU$6.9b | -AU$713,903,755.00 | 48.1x | -75.4x | 7.8x |
Price to Earnings Ratio
-75.4x
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 155x which is higher than its 3-year average PE of -7.0x.
- The 3-year average PS ratio of 10.2x is lower than the industry's current PS ratio of 12.1x.
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 5.4% 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 | 0.70% | |
| Tech | -0.37% | |
| Software | -0.55% | |
| Application Software | -0.50% | |
| Systems Software | -4.77% | |
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 25.6%, which is lower than the prior year's growth of 30.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 66% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| XRO Xero | AU$157.07 | 1.5% +AU$377.2m | 6.4% | PE129.8x | |
| TNE Technology One | AU$39.51 | 1.0% +AU$124.3m | 61.1% | PE97.2x | |
| RUL RPMGlobal Holdings | AU$4.87 | 4.5% +AU$46.5m | 60.2% | PE269531.1x | |
| FCL FINEOS Corporation Holdings | AU$3.15 | 4.3% +AU$44.2m | 125.8% | PS4.4x | |
| PPS Praemium | AU$0.84 | 12.0% +AU$43.0m | 46.1% | PE29.6x |
