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U.K. (FTSE) Software Industry Analysis
UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies50
- 7D-2.7%
- 3M-17.5%
- 1Y-28.3%
- YTD-11.7%
Over the last 7 days, the Software industry has dropped 10%, driven by Sage Group declining 2.9%. On the other hand accesso Technology Group is actually up 7.0%. Overall the industry is down 29% in 12 months. Looking forward, earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the U.K. Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 11 Feb 2026 | UK£13.4b | UK£4.5b | UK£429.8m | 31.6x | 31.1x | 3x |
| Fri, 09 Jan 2026 | UK£15.6b | UK£4.5b | UK£430.4m | 33x | 36.3x | 3.5x |
| Sun, 07 Dec 2025 | UK£15.6b | UK£4.5b | UK£421.5m | 33.6x | 37x | 3.5x |
| Tue, 04 Nov 2025 | UK£16.7b | UK£4.4b | UK£435.5m | 30.8x | 38.5x | 3.8x |
| Thu, 02 Oct 2025 | UK£16.1b | UK£4.4b | UK£439.9m | 30.6x | 36.7x | 3.7x |
| Sat, 30 Aug 2025 | UK£16.1b | UK£4.4b | UK£436.5m | 37.7x | 36.8x | 3.7x |
| Mon, 28 Jul 2025 | UK£17.7b | UK£4.4b | UK£424.4m | 35.1x | 41.8x | 4x |
| Wed, 25 Jun 2025 | UK£18.8b | UK£4.7b | UK£400.3m | 36.3x | 47x | 4x |
| Fri, 23 May 2025 | UK£18.8b | UK£4.9b | UK£400.6m | 33.3x | 46.8x | 3.9x |
| Sun, 20 Apr 2025 | UK£17.4b | UK£4.8b | UK£373.3m | 26.9x | 46.5x | 3.6x |
| Tue, 18 Mar 2025 | UK£17.9b | UK£4.8b | UK£313.1m | 30.1x | 57x | 3.7x |
| Thu, 13 Feb 2025 | UK£19.7b | UK£4.8b | UK£306.4m | 32.5x | 64.3x | 4.1x |
| Sat, 11 Jan 2025 | UK£19.3b | UK£4.8b | UK£304.3m | 30.4x | 63.6x | 4x |
| Mon, 09 Dec 2024 | UK£20.1b | UK£4.8b | UK£320.5m | 36x | 62.8x | 4.2x |
| Wed, 06 Nov 2024 | UK£16.8b | UK£4.7b | UK£207.7m | 35.8x | 80.7x | 3.6x |
| Fri, 04 Oct 2024 | UK£16.4b | UK£4.7b | UK£199.1m | 31.6x | 82.6x | 3.5x |
| Sun, 01 Sep 2024 | UK£21.0b | UK£5.2b | UK£267.5m | 38.5x | 78.6x | 4.1x |
| Tue, 30 Jul 2024 | UK£21.9b | UK£5.3b | UK£256.1m | 40.2x | 85.4x | 4.2x |
| Thu, 27 Jun 2024 | UK£22.0b | UK£5.3b | UK£267.0m | 40.1x | 82.5x | 4.1x |
| Sat, 25 May 2024 | UK£21.8b | UK£5.3b | UK£168.8m | 38.4x | 129.2x | 4.1x |
| Mon, 22 Apr 2024 | UK£20.8b | UK£5.2b | UK£91.5m | 37.9x | 227x | 4x |
| Wed, 20 Mar 2024 | UK£21.6b | UK£5.2b | UK£69.4m | 35.7x | 311.4x | 4.2x |
| Fri, 16 Feb 2024 | UK£20.9b | UK£5.2b | UK£65.8m | 37.3x | 317.3x | 4x |
| Sun, 14 Jan 2024 | UK£42.4b | UK£10.1b | UK£71.1m | 37x | 596.5x | 4.2x |
| Tue, 12 Dec 2023 | UK£42.3b | UK£10.2b | UK£72.1m | 33.1x | 586.7x | 4.2x |
| Thu, 09 Nov 2023 | UK£39.9b | UK£10.1b | UK£126.9m | 32.7x | 314.2x | 4x |
| Sat, 07 Oct 2023 | UK£40.2b | UK£10.1b | UK£128.7m | 36.3x | 312x | 4x |
| Mon, 04 Sep 2023 | UK£40.1b | UK£10.0b | UK£102.2m | 34x | 392.9x | 4x |
| Wed, 02 Aug 2023 | UK£40.6b | UK£10.6b | UK£124.7m | 33.5x | 325.6x | 3.8x |
| Fri, 30 Jun 2023 | UK£41.0b | UK£10.6b | UK£126.1m | 35.2x | 325.5x | 3.9x |
| Sun, 28 May 2023 | UK£40.2b | UK£10.6b | UK£39.2m | 35.2x | 1024.4x | 3.8x |
| Tue, 25 Apr 2023 | UK£39.8b | UK£10.6b | UK£292.8m | 37.4x | 136.1x | 3.8x |
| Thu, 23 Mar 2023 | UK£39.1b | UK£10.6b | UK£311.0m | 32.7x | 125.8x | 3.7x |
| Sat, 18 Feb 2023 | UK£39.6b | UK£10.3b | UK£296.6m | 35.1x | 133.5x | 3.8x |
Price to Earnings Ratio
133.5x
Current Industry PE
- Investors are pessimistic on the British Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 30.9x which is lower than its 3-year average PE of 179x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 13% per year over the last three years.
- Meanwhile revenues for these companies have declined 24% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the U.K. Tech industry?
| GB Market | 0.36% | |
| Tech | -1.16% | |
| Software | -2.75% | |
| Systems Software | 1.02% | |
| Application Software | -2.77% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 96.2x.
- Analysts are expecting annual earnings growth of 16.9%, which is higher than its past year's earnings growth of 7.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 62% over the next 5 years.
- In contrast, the Application Software industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| ACSO accesso Technology Group | UK£2.76 | 7.0% +UK£6.1m | -44.0% | PE13.7x | |
| NET Netcall | UK£1.28 | 2.0% +UK£4.3m | 11.8% | PE53.7x | |
| DSG Dillistone Group | UK£0.11 | 26.5% +UK£2.1m | 38.7% | PE131.3x | |
| CNS Corero Network Security | UK£0.13 | 3.2% +UK£2.0m | -24.6% | PS3.9x | |
| IGP Intercede Group | UK£1.22 | 1.3% +UK£902.4k | -33.4% | PE20.1x |