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- 7D-2.4%
- 3M-16.5%
- 1Y2.4%
- YTD-5.6%
Over the last 7 days, the IT industry has dropped 4.6%, driven by pullbacks in Range Intelligent Computing Technology Group and CSG Digital Power Grid Research InstituteLtd of 6.8% and 9.9%, respectively. On the other hand iSoftStone Information Technology (Group) is actually up 27%. This takes the industry's 12 month performance to a gain of 3.5%. Looking forward, earnings are forecast to grow by 32% annually.
Industry Valuation and Performance
Has the Chinese IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 06 Jun 2026 | CN¥981.1b | CN¥262.0b | CN¥3.2b | 111.1x | 302.7x | 3.7x |
| Mon, 04 May 2026 | CN¥1.1t | CN¥414.9b | CN¥4.1b | 119x | 270.9x | 2.7x |
| Wed, 01 Apr 2026 | CN¥1.1t | CN¥405.1b | CN¥7.1b | 106x | 156.7x | 2.7x |
| Fri, 27 Feb 2026 | CN¥1.2t | CN¥397.6b | CN¥6.5b | 121.8x | 193.2x | 3.1x |
| Sun, 25 Jan 2026 | CN¥1.2t | CN¥394.6b | CN¥6.5b | 124.8x | 185.2x | 3x |
| Tue, 23 Dec 2025 | CN¥1.0t | CN¥394.6b | CN¥6.5b | 106.9x | 158.8x | 2.6x |
| Thu, 20 Nov 2025 | CN¥1.1t | CN¥394.6b | CN¥6.5b | 108.9x | 165.1x | 2.7x |
| Sat, 18 Oct 2025 | CN¥973.0b | CN¥382.3b | CN¥3.4b | 87x | 287.1x | 2.5x |
| Mon, 15 Sep 2025 | CN¥1.1t | CN¥381.1b | CN¥3.4b | 93.7x | 312.9x | 2.8x |
| Wed, 13 Aug 2025 | CN¥1.0t | CN¥371.6b | CN¥4.0b | 97.1x | 255.8x | 2.7x |
| Fri, 11 Jul 2025 | CN¥956.3b | CN¥371.6b | CN¥4.0b | 93.9x | 241.2x | 2.6x |
| Sun, 08 Jun 2025 | CN¥915.1b | CN¥371.6b | CN¥3.9b | 85.4x | 233.9x | 2.5x |
| Tue, 06 May 2025 | CN¥901.6b | CN¥371.6b | CN¥3.6b | 81.5x | 248.7x | 2.4x |
| Thu, 03 Apr 2025 | CN¥946.0b | CN¥364.8b | CN¥5.1b | 81x | 187x | 2.6x |
| Sat, 01 Mar 2025 | CN¥1.0t | CN¥366.1b | CN¥6.1b | 92.8x | 166.6x | 2.8x |
| Mon, 27 Jan 2025 | CN¥828.0b | CN¥366.1b | CN¥6.1b | 76.7x | 136.5x | 2.3x |
| Wed, 25 Dec 2024 | CN¥847.0b | CN¥366.1b | CN¥6.1b | 72.8x | 139.6x | 2.3x |
| Fri, 22 Nov 2024 | CN¥817.3b | CN¥366.1b | CN¥6.1b | 75.9x | 134.7x | 2.2x |
| Sun, 20 Oct 2024 | CN¥790.5b | CN¥359.7b | CN¥4.5b | 70.5x | 175.6x | 2.2x |
| Tue, 17 Sep 2024 | CN¥519.0b | CN¥359.3b | CN¥4.4b | 47.5x | 118.3x | 1.4x |
| Thu, 15 Aug 2024 | CN¥505.4b | CN¥349.0b | CN¥4.3b | 39.1x | 117x | 1.4x |
| Sat, 13 Jul 2024 | CN¥534.0b | CN¥349.1b | CN¥4.4b | 42.1x | 121.9x | 1.5x |
| Mon, 10 Jun 2024 | CN¥555.8b | CN¥348.9b | CN¥4.4b | 43.9x | 126.5x | 1.6x |
| Wed, 08 May 2024 | CN¥641.2b | CN¥349.3b | CN¥4.6b | 48x | 138.4x | 1.8x |
| Fri, 05 Apr 2024 | CN¥642.9b | CN¥349.5b | CN¥7.6b | 53.9x | 84.5x | 1.8x |
| Sun, 03 Mar 2024 | CN¥620.5b | CN¥340.6b | CN¥4.8b | 56.9x | 128.3x | 1.8x |
| Tue, 30 Jan 2024 | CN¥566.9b | CN¥338.8b | CN¥4.2b | 49.6x | 133.9x | 1.7x |
| Thu, 28 Dec 2023 | CN¥642.4b | CN¥337.4b | CN¥4.1b | 60.3x | 155.7x | 1.9x |
| Sat, 25 Nov 2023 | CN¥692.9b | CN¥337.1b | CN¥4.1b | 65.5x | 169.3x | 2.1x |
| Mon, 23 Oct 2023 | CN¥635.3b | CN¥338.3b | CN¥4.8b | 56.5x | 131.8x | 1.9x |
| Wed, 20 Sep 2023 | CN¥641.6b | CN¥338.2b | CN¥4.8b | 54.7x | 132.4x | 1.9x |
| Fri, 18 Aug 2023 | CN¥695.0b | CN¥338.8b | CN¥4.7b | 61.4x | 147.2x | 2.1x |
| Sun, 16 Jul 2023 | CN¥703.8b | CN¥338.0b | CN¥5.8b | 58.2x | 122.1x | 2.1x |
| Tue, 13 Jun 2023 | CN¥733.5b | CN¥336.2b | CN¥5.6b | 62.7x | 130.1x | 2.2x |
Price to Earnings Ratio
130.1x
Current Industry PE
- Investors are optimistic on the Chinese IT industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 306x which is higher than its 3-year average PE of 171x.
- The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 17% per year over the last three years,
- Revenues have also declined 8.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Chinese Tech industry?
| CN Market | -1.40% | |
| Tech | -0.21% | |
| IT | -2.42% | |
| IT Consulting | -1.20% | |
| Internet Services and Infrastructure | -4.48% | |
| Data Processing Services | -6.67% | |
Industry PE
- Investors are most optimistic about the Data Processing Services industry, which is trading close to its 3-year average PE ratio of 325x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 19% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| 301236 iSoftStone Information Technology (Group) | CN¥41.80 | 26.5% +CN¥9.1b | -23.2% | PE802.6x | |
| 002421 Shenzhen Das Intellitech | CN¥5.21 | 26.8% +CN¥2.3b | 57.4% | PS5.3x | |
| 300469 Transportation Telecommunication & Information DevelopmentLtd.Zhejiang | CN¥56.09 | 11.8% +CN¥1.5b | 91.4% | PS57.9x | |
| 301218 Zhejiang Whyis TechnologyLtd | CN¥42.37 | 25.5% +CN¥983.0m | 109.3% | PS9.8x | |
| 300925 Shenzhen Farben Information TechnologyLtd | CN¥18.04 | 14.5% +CN¥968.6m | -18.3% | PE77.1x |