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- 7D-0.8%
- 3M-19.4%
- 1Y-17.9%
- YTD-24.1%
Over the last 7 days, the Software industry has dropped 4.5%, driven by a pullback from Empyrean Technology of 14%. On the other hand Beijing Kingsoft Office Software is actually up 11%. The industry has fallen 21% in the last year. Earnings are forecast to grow by 30% annually.
Industry Valuation and Performance
Has the Chinese Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jul 2026 | CN¥1.5t | CN¥282.4b | CN¥1.6b | 87.6x | 960.2x | 5.4x |
| Fri, 19 Jun 2026 | CN¥1.7t | CN¥283.0b | CN¥1.7b | 97.7x | 1010x | 5.9x |
| Sun, 17 May 2026 | CN¥1.9t | CN¥283.0b | CN¥1.7b | 111.8x | 1081.1x | 6.6x |
| Tue, 14 Apr 2026 | CN¥1.8t | CN¥282.6b | -CN¥6,389,759,708.00 | 89.1x | -282.1x | 6.4x |
| Thu, 12 Mar 2026 | CN¥2.0t | CN¥282.1b | -CN¥6,384,712,349.00 | 95.2x | -318x | 7.2x |
| Sat, 07 Feb 2026 | CN¥2.0t | CN¥282.3b | -CN¥6,475,550,333.00 | 87.3x | -315.3x | 7.2x |
| Mon, 05 Jan 2026 | CN¥1.9t | CN¥283.2b | -CN¥6,951,773,292.00 | 84.3x | -280.4x | 6.9x |
| Wed, 03 Dec 2025 | CN¥1.9t | CN¥283.2b | -CN¥6,951,773,292.00 | 83.8x | -278.6x | 6.8x |
| Fri, 31 Oct 2025 | CN¥2.0t | CN¥283.6b | -CN¥7,568,868,595.00 | 94.1x | -267x | 7.1x |
| Sun, 28 Sep 2025 | CN¥2.0t | CN¥282.5b | -CN¥7,445,501,501.00 | 85.1x | -269.9x | 7.1x |
| Tue, 26 Aug 2025 | CN¥2.2t | CN¥283.3b | -CN¥7,963,904,501.00 | 103.5x | -271.9x | 7.6x |
| Thu, 24 Jul 2025 | CN¥1.9t | CN¥282.8b | -CN¥7,631,450,200.00 | 92.5x | -246.6x | 6.7x |
| Sat, 21 Jun 2025 | CN¥1.7t | CN¥282.8b | -CN¥7,631,520,370.00 | 80.7x | -222.8x | 6x |
| Mon, 19 May 2025 | CN¥1.8t | CN¥283.1b | -CN¥6,992,780,543.00 | 83.5x | -252.3x | 6.2x |
| Wed, 16 Apr 2025 | CN¥1.7t | CN¥282.9b | -CN¥7,007,897,011.00 | 93.2x | -246.8x | 6.1x |
| Fri, 14 Mar 2025 | CN¥2.0t | CN¥285.7b | -CN¥5,307,840,921.00 | 98.6x | -375.3x | 7x |
| Sun, 09 Feb 2025 | CN¥1.9t | CN¥284.2b | -CN¥3,194,408,337.00 | 94x | -606.8x | 6.8x |
| Tue, 07 Jan 2025 | CN¥1.5t | CN¥284.2b | -CN¥3,194,408,337.00 | 76.3x | -479.8x | 5.4x |
| Thu, 05 Dec 2024 | CN¥1.9t | CN¥284.2b | -CN¥3,194,408,337.00 | 94.3x | -584.5x | 6.6x |
| Sat, 02 Nov 2024 | CN¥1.6t | CN¥284.7b | -CN¥3,151,949,597.00 | 85.5x | -521.2x | 5.8x |
| Mon, 30 Sep 2024 | CN¥1.4t | CN¥288.0b | -CN¥1,746,158,150.00 | 68.7x | -783x | 4.7x |
| Wed, 28 Aug 2024 | CN¥1.1t | CN¥289.7b | -CN¥754,679,300.00 | 55.6x | -1427.6x | 3.7x |
| Fri, 26 Jul 2024 | CN¥1.2t | CN¥288.4b | -CN¥272,603,923.00 | 55x | -4218.7x | 4x |
| Sun, 23 Jun 2024 | CN¥1.3t | CN¥287.5b | -CN¥591,234,431.00 | 58.3x | -2157.9x | 4.4x |
| Tue, 21 May 2024 | CN¥1.4t | CN¥287.6b | -CN¥419,447,836.00 | 63.6x | -3281.9x | 4.8x |
| Thu, 18 Apr 2024 | CN¥1.3t | CN¥291.4b | CN¥4.0b | 63.1x | 327.6x | 4.6x |
| Sat, 16 Mar 2024 | CN¥1.5t | CN¥288.9b | CN¥4.6b | 79.9x | 322.9x | 5.2x |
| Mon, 12 Feb 2024 | CN¥1.3t | CN¥288.9b | CN¥5.7b | 63.4x | 226.5x | 4.4x |
| Wed, 10 Jan 2024 | CN¥1.5t | CN¥291.3b | CN¥4.4b | 78.2x | 340.9x | 5.2x |
| Fri, 08 Dec 2023 | CN¥1.8t | CN¥291.1b | CN¥4.3b | 90.8x | 404.3x | 6x |
| Sun, 05 Nov 2023 | CN¥1.7t | CN¥290.9b | CN¥4.3b | 79.3x | 388.8x | 5.7x |
| Tue, 03 Oct 2023 | CN¥1.8t | CN¥290.2b | CN¥3.7b | 70.6x | 475.2x | 6.1x |
| Thu, 31 Aug 2023 | CN¥1.9t | CN¥292.2b | CN¥3.4b | 78.3x | 566.3x | 6.5x |
| Sat, 29 Jul 2023 | CN¥2.0t | CN¥289.0b | CN¥3.4b | 75.6x | 587.1x | 6.8x |
Price to Earnings Ratio
587.1x
Current Industry PE
- Investors are optimistic on the Chinese Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 936x which is higher than its 3-year average PE of -450x.
- The 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 22% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Tech industry?
| CN Market | -4.81% | |
| Tech | -9.86% | |
| Software | -0.83% | |
| Application Software | -0.38% | |
| Systems Software | -2.05% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 9.1x.
- Analysts are expecting annual earnings growth of 31.9%, which is higher than its past year's earnings decline of 2.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings decline of 2.3% per year.
- In contrast, the Systems 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 300454 Sangfor Technologies | CN¥118.91 | 9.3% +CN¥4.3b | 17.0% | PE88x | |
| 600536 China National Software & Service | CN¥34.90 | 10.9% +CN¥3.2b | -24.9% | PS6.3x | |
| 300496 Thunder Software TechnologyLtd | CN¥60.25 | 12.0% +CN¥3.0b | 3.6% | PE60.4x | |
| 000676 Genimous Technology | CN¥6.92 | 22.5% +CN¥1.6b | -22.1% | PE60.5x | |
| 688111 Beijing Kingsoft Office Software | CN¥239.92 | 1.4% +CN¥1.5b | -18.0% | PE30.7x |