The Price Is Right For Quartix Technologies plc (LON:QTX)
Jan 10
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U.K. (FTSE) Software Industry Analysis
UpdatedJan 12, 2026
DataAggregated Company Financials
Companies49
- 7D1.9%
- 3M-4.9%
- 1Y-12.6%
- YTD2.9%
Over the last 7 days, the Software industry has risen 2.9%, driven by gains from Sage Group of 3.1%. Meanwhile, accesso Technology Group actually underperformed within the industry, shrinking 14% in the last week. In the past year, the industry is down 13%. Earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Mon, 12 Jan 2026 | UK£15.7b | UK£4.5b | UK£430.4m | 33x | 36.5x | 3.5x |
| Wed, 10 Dec 2025 | UK£15.7b | UK£4.5b | UK£421.5m | 33x | 37.2x | 3.5x |
| Fri, 07 Nov 2025 | UK£16.1b | UK£4.4b | UK£430.5m | 35.7x | 37.5x | 3.7x |
| Sun, 05 Oct 2025 | UK£16.2b | UK£4.4b | UK£439.9m | 31x | 36.9x | 3.7x |
| Tue, 02 Sep 2025 | UK£16.1b | UK£4.4b | UK£436.5m | 38x | 36.9x | 3.7x |
| Thu, 31 Jul 2025 | UK£17.2b | UK£4.4b | UK£427.8m | 35.4x | 40.2x | 3.9x |
| Sat, 28 Jun 2025 | UK£18.6b | UK£4.7b | UK£392.4m | 35.9x | 47.5x | 4x |
| Mon, 26 May 2025 | UK£18.6b | UK£4.8b | UK£400.8m | 32.4x | 46.4x | 3.8x |
| Wed, 23 Apr 2025 | UK£17.3b | UK£4.8b | UK£373.3m | 28.3x | 46.3x | 3.6x |
| Fri, 21 Mar 2025 | UK£17.9b | UK£4.7b | UK£367.0m | 29.2x | 48.7x | 3.8x |
| Sun, 16 Feb 2025 | UK£19.7b | UK£4.8b | UK£306.9m | 32.4x | 64.3x | 4.1x |
| Tue, 14 Jan 2025 | UK£19.2b | UK£4.8b | UK£301.2m | 30.7x | 63.8x | 4x |
| Thu, 12 Dec 2024 | UK£19.8b | UK£4.8b | UK£320.6m | 36.4x | 61.8x | 4.2x |
| Sat, 09 Nov 2024 | UK£17.3b | UK£4.7b | UK£206.3m | 36.3x | 83.7x | 3.7x |
| Mon, 07 Oct 2024 | UK£16.5b | UK£4.7b | UK£199.1m | 31.6x | 82.7x | 3.5x |
| Wed, 04 Sep 2024 | UK£20.9b | UK£5.2b | UK£267.7m | 37.8x | 78x | 4x |
| Fri, 02 Aug 2024 | UK£21.9b | UK£5.3b | UK£256.5m | 40.1x | 85.3x | 4.2x |
| Sun, 30 Jun 2024 | UK£22.0b | UK£5.3b | UK£260.8m | 39.8x | 84.3x | 4.1x |
| Tue, 28 May 2024 | UK£21.8b | UK£5.3b | UK£163.1m | 38.4x | 133.7x | 4.1x |
| Thu, 25 Apr 2024 | UK£21.6b | UK£5.2b | UK£89.7m | 37.3x | 240.7x | 4.1x |
| Sat, 23 Mar 2024 | UK£21.7b | UK£5.2b | UK£72.5m | 36.7x | 300x | 4.2x |
| Mon, 19 Feb 2024 | UK£21.0b | UK£5.2b | UK£65.8m | 37.3x | 320x | 4.1x |
| Wed, 17 Jan 2024 | UK£42.3b | UK£10.2b | UK£71.1m | 36.6x | 595.6x | 4.2x |
| Fri, 15 Dec 2023 | UK£42.3b | UK£10.1b | UK£72.2m | 34.6x | 585.3x | 4.2x |
| Sun, 12 Nov 2023 | UK£39.9b | UK£10.1b | UK£126.9m | 31.9x | 314.1x | 3.9x |
| Tue, 10 Oct 2023 | UK£39.9b | UK£10.1b | UK£128.7m | 35.9x | 310.2x | 4x |
| Thu, 07 Sep 2023 | UK£40.3b | UK£10.0b | UK£94.2m | 32.2x | 427.6x | 4x |
| Sat, 05 Aug 2023 | UK£39.8b | UK£10.0b | UK£94.4m | 34.5x | 421.2x | 4x |
| Mon, 03 Jul 2023 | UK£41.1b | UK£10.6b | UK£125.5m | 37.2x | 328x | 3.9x |
| Wed, 31 May 2023 | UK£40.4b | UK£10.6b | UK£39.2m | 35.5x | 1028.5x | 3.8x |
| Fri, 28 Apr 2023 | UK£39.9b | UK£10.7b | UK£297.3m | 36.4x | 134.4x | 3.7x |
| Sun, 26 Mar 2023 | UK£39.1b | UK£10.6b | UK£310.8m | 32.5x | 126x | 3.7x |
| Tue, 21 Feb 2023 | UK£39.7b | UK£10.3b | UK£296.7m | 34.4x | 134x | 3.8x |
| Thu, 19 Jan 2023 | UK£39.4b | UK£10.3b | UK£301.6m | 33.1x | 130.7x | 3.8x |
Price to Earnings Ratio
130.7x
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 36.5x which is lower than its 3-year average PE of 182x.
- The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.5x.
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 | 1.34% | |
| Tech | 2.60% | |
| Software | 1.87% | |
| Systems Software | 2.09% | |
| Application Software | 1.87% | |
Industry PE
- Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 116x.
- Analysts are expecting annual earnings growth of 15.8%, 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 58% over the next 5 years.
- In contrast, the Application Software industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| SGE Sage Group | UK£10.83 | 3.1% +UK£288.3m | -15.4% | PE27.7x | |
| CER Cerillion | UK£14.30 | 16.7% +UK£60.5m | -9.5% | PE25.4x | |
| BYIT Bytes Technology Group | UK£3.69 | 4.9% +UK£40.7m | -11.6% | PE16.3x | |
| QTX Quartix Technologies | UK£3.08 | 12.0% +UK£16.0m | 102.6% | PE28.3x | |
| ALFA Alfa Financial Software Holdings | UK£2.13 | 1.9% +UK£11.8m | 3.6% | PE21.3x |
