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U.K. (FTSE) Software Industry Analysis

UpdatedJul 11, 2025
DataAggregated Company Financials
Companies53
  • 7D0.2%
  • 3M7.7%
  • 1Y5.6%
  • YTD-4.8%

In the last week, the Software industry is flat overall, with Bytes Technology Group standing out by going down 4.3%. The past year has been better, since the industry has gained 5.6% in that time. Looking forward, 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 11 Jul 2025UK£17.9bUK£4.5bUK£395.1m35.9x45.4x4x
Sun, 08 Jun 2025UK£19.0bUK£4.7bUK£404.2m34.7x47x4.1x
Tue, 06 May 2025UK£18.8bUK£4.8bUK£374.2m31x50.4x4x
Thu, 03 Apr 2025UK£18.2bUK£4.8bUK£373.6m28.5x48.8x3.8x
Sat, 01 Mar 2025UK£19.0bUK£4.8bUK£306.8m32.2x61.8x4x
Mon, 27 Jan 2025UK£19.8bUK£4.8bUK£306.1m30.2x64.8x4.1x
Wed, 25 Dec 2024UK£19.7bUK£4.8bUK£303.3m34.2x64.9x4.1x
Fri, 22 Nov 2024UK£19.5bUK£4.8bUK£324.3m35x60x4.1x
Sun, 20 Oct 2024UK£17.1bUK£4.7bUK£209.0m33x81.7x3.7x
Tue, 17 Sep 2024UK£20.8bUK£5.2bUK£277.7m36.7x74.9x4x
Thu, 15 Aug 2024UK£21.1bUK£5.3bUK£258.1m38.1x81.9x4x
Sat, 13 Jul 2024UK£21.6bUK£5.3bUK£259.7m38.9x83.1x4.1x
Mon, 10 Jun 2024UK£21.8bUK£5.3bUK£140.4m40.7x155.1x4.1x
Wed, 08 May 2024UK£22.7bUK£5.2bUK£107.4m37.5x211.1x4.3x
Fri, 05 Apr 2024UK£21.6bUK£5.2bUK£84.7m37.8x255.4x4.1x
Sun, 03 Mar 2024UK£21.4bUK£5.2bUK£66.0m36.4x324.1x4.2x
Tue, 30 Jan 2024UK£42.6bUK£10.2bUK£70.9m38.5x601.1x4.2x
Thu, 28 Dec 2023UK£42.6bUK£10.1bUK£72.2m36.5x590.2x4.2x
Sat, 25 Nov 2023UK£41.1bUK£10.2bUK£137.2m32.2x300x4x
Mon, 23 Oct 2023UK£39.2bUK£10.1bUK£130.0m30.9x301.7x3.9x
Wed, 20 Sep 2023UK£40.8bUK£10.0bUK£132.8m37.8x307.4x4.1x
Fri, 18 Aug 2023UK£39.6bUK£10.0bUK£97.8m34.3x404.7x4x
Sun, 16 Jul 2023UK£40.9bUK£10.5bUK£128.8m35.5x317.6x3.9x
Tue, 13 Jun 2023UK£40.8bUK£10.6bUK£251.7m37.4x162.3x3.9x
Thu, 11 May 2023UK£39.9bUK£10.7bUK£109.8m36.8x363.9x3.7x
Sat, 08 Apr 2023UK£39.2bUK£10.6bUK£289.7m37x135.4x3.7x
Mon, 06 Mar 2023UK£39.8bUK£10.3bUK£300.9m35.7x132.3x3.8x
Wed, 01 Feb 2023UK£39.3bUK£10.3bUK£302.0m32.9x130.1x3.8x
Fri, 30 Dec 2022UK£39.0bUK£10.4bUK£296.3m34.4x131.5x3.8x
Sun, 27 Nov 2022UK£40.1bUK£10.3bUK£325.1m36.4x123.4x3.9x
Tue, 25 Oct 2022UK£37.8bUK£10.3bUK£340.6m36.7x111.1x3.7x
Thu, 22 Sep 2022UK£39.5bUK£10.1bUK£339.7m47.9x116.4x3.9x
Sat, 20 Aug 2022UK£37.1bUK£9.7bUK£245.6m49x151.2x3.8x
Mon, 18 Jul 2022UK£32.6bUK£9.6bUK£295.9m42x110.1x3.4x
Price to Earnings Ratio

110.1x


Total Market Cap: UK£32.6bTotal Earnings: UK£295.9mTotal Revenue: UK£9.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Software Industry Price to Earnings3Y Average 201.9x202320242025
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 45.4x which is lower than its 3-year average PE of 202x.
  • The industry is trading close to its 3-year average PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Software industry have grown 10% per year over the last three years.
  • Meanwhile revenues for these companies have declined 23% 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 Market1.47%
Tech0.45%
Software0.22%
Systems Software5.30%
Application Software0.17%
Industry PE
  • Investors are most optimistic about the Application Software industry even though it's trading below its 3-year average PE ratio of 199x.
    • Analysts expect its future annual earnings growth (16.0%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 25% 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?

CompanyLast Price7D1YValuation
SGE Sage GroupUK£12.240.9%
+UK£109.4m		15.0%PE33.6x
PINE Pinewood Technologies GroupUK£4.815.3%
+UK£24.1m		35.1%PE77.8x
GBG GB GroupUK£2.384.2%
+UK£23.6m		-32.6%PE68.3x
ADVT AdvancedAdvTUK£1.706.3%
+UK£13.3m		15.3%PE20.8x
SAAS Microlise GroupUK£1.259.2%
+UK£12.2m		-11.1%PS1.8x

Latest News

ACSO
UK£4.00
accesso Technology Group
7D
-21.9%
1Y
-42.9%
BTC
UK£0.12
London BTC
7D
-34.6%
1Y
-6.0%
SGE
UK£12.24
Sage Group
7D
0.9%
1Y
15.0%
SAAS
UK£1.25
Microlise Group
7D
9.2%
1Y
-11.1%
TRCS
UK£3.90
Tracsis
7D
-6.0%
1Y
-45.8%
PINE
UK£4.81
Pinewood Technologies Group
7D
5.3%
1Y
35.1%
BYIT
UK£3.29
Bytes Technology Group
7D
-7.4%
1Y
-34.1%
QTX
UK£2.31
Quartix Technologies
7D
-8.0%
1Y
44.4%
AOM
UK£1.59
ActiveOps
7D
7.5%
1Y
42.2%
ARB
UK£0.023
Argo Blockchain
7D
45.3%
1Y
-72.6%
GBG
UK£2.38
GB Group
7D
4.2%
1Y
-32.6%

Statutory Profit Doesn't Reflect How Good GB Group's (LON:GBG) Earnings Are

Jun 28
Statutory Profit Doesn't Reflect How Good GB Group's (LON:GBG) Earnings Are
IGP
UK£1.70
Intercede Group
7D
-7.9%
1Y
13.8%
CER
UK£15.10
Cerillion
7D
-1.3%
1Y
-11.7%
ELCO
UK£1.74
Eleco
7D
6.8%
1Y
55.6%
APTD
UK£3.08
Aptitude Software Group
7D
-5.8%
1Y
-17.4%
ADVT
UK£1.70
AdvancedAdvT
7D
6.3%
1Y
15.3%