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U.K. (FTSE) Application Software Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies47
  • 7D-7.7%
  • 3M-17.4%
  • 1Y-27.0%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 3.9%, driven by a pullback from Sage Group of 12%. On the other hand Pinewood Technologies Group is actually up 31%. The industry has fallen 21% in the last year. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the U.K. Application Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026UK£13.7bUK£4.4bUK£453.4m32x30.2x3.1x
Fri, 02 Jan 2026UK£15.6bUK£4.4bUK£445.5m32.1x35x3.5x
Sun, 30 Nov 2025UK£15.7bUK£4.4bUK£470.8m33.2x33.4x3.6x
Tue, 28 Oct 2025UK£16.6bUK£4.3bUK£452.3m31.9x36.6x3.8x
Thu, 25 Sep 2025UK£16.0bUK£4.3bUK£456.1m31.4x35.2x3.7x
Sat, 23 Aug 2025UK£16.1bUK£4.3bUK£449.6m33.2x35.8x3.8x
Mon, 21 Jul 2025UK£18.1bUK£4.4bUK£412.2m33.1x43.9x4.1x
Wed, 18 Jun 2025UK£18.7bUK£4.4bUK£423.2m31.9x44.2x4.3x
Fri, 16 May 2025UK£18.5bUK£4.5bUK£418.4m33x44.1x4.1x
Sun, 13 Apr 2025UK£16.7bUK£4.4bUK£389.7m25.4x42.8x3.8x
Tue, 11 Mar 2025UK£17.9bUK£4.5bUK£338.1m29.2x53.1x4x
Thu, 06 Feb 2025UK£19.7bUK£4.5bUK£332.2m30.7x59.4x4.4x
Sat, 04 Jan 2025UK£19.4bUK£4.5bUK£331.1m30.7x58.5x4.3x
Mon, 02 Dec 2024UK£19.9bUK£4.4bUK£348.3m33.9x57x4.5x
Wed, 30 Oct 2024UK£16.5bUK£4.3bUK£237.3m32.2x69.5x3.8x
Fri, 27 Sep 2024UK£16.6bUK£4.3bUK£230.1m32.4x72.3x3.9x
Sun, 25 Aug 2024UK£16.9bUK£4.4bUK£199.2m37.8x84.7x3.8x
Tue, 23 Jul 2024UK£17.5bUK£4.4bUK£211.5m38.8x82.7x4x
Thu, 20 Jun 2024UK£17.9bUK£4.5bUK£225.1m40.3x79.7x4x
Sat, 18 May 2024UK£18.0bUK£4.4bUK£120.6m37.1x148.9x4x
Mon, 15 Apr 2024UK£18.0bUK£4.4bUK£44.7m38.3x402.9x4.1x
Wed, 13 Mar 2024UK£18.8bUK£4.4bUK£68.1m36.5x276.1x4.3x
Fri, 09 Feb 2024UK£18.5bUK£4.4bUK£72.2m36.8x255.9x4.2x
Sun, 07 Jan 2024UK£29.6bUK£7.9b-UK£224,779,178.0036x-131.5x3.7x
Tue, 05 Dec 2023UK£29.0bUK£7.9b-UK£223,786,463.0032.5x-129.7x3.7x
Thu, 02 Nov 2023UK£27.0bUK£7.9b-UK£169,287,759.0030.8x-159.4x3.4x
Sat, 30 Sep 2023UK£27.6bUK£7.8b-UK£166,600,947.0034.2x-165.9x3.5x
Mon, 28 Aug 2023UK£27.2bUK£7.8b-UK£166,933,992.0028.4x-162.7x3.5x
Wed, 26 Jul 2023UK£28.0bUK£8.4b-UK£146,808,867.0030.6x-191x3.3x
Fri, 23 Jun 2023UK£27.9bUK£8.4b-UK£145,737,590.0030.7x-191.2x3.3x
Sun, 21 May 2023UK£27.6bUK£8.7b-UK£214,152,172.0034.9x-128.9x3.2x
Tue, 18 Apr 2023UK£27.0bUK£8.4bUK£13.5m37.6x2005.2x3.2x
Thu, 16 Mar 2023UK£26.3bUK£8.3bUK£37.0m32.5x712.6x3.2x
Sat, 11 Feb 2023UK£26.9bUK£8.3bUK£32.4m33.5x829.4x3.2x
Price to Earnings Ratio

829.4x


Total Market Cap: UK£26.9bTotal Earnings: UK£32.4mTotal Revenue: UK£8.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Application Software Industry Price to Earnings3Y Average 101.4x202420252026
Current Industry PE
  • Investors are pessimistic on the British Application 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 32.6x which is lower than its 3-year average PE of 102x.
  • The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have grown 141% per year over the last three years.
  • Meanwhile revenues for these companies have declined 19% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

How does U.K. Application Software compare with similar industries?

GB Market0.80%
Tech-4.09%
Software-7.70%
Application Software-7.74%
Systems Software-2.84%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PINE Pinewood Technologies GroupUK£4.7531.1%
+UK£129.5m		39.6%PE87.8x
ZOO ZOO Digital GroupUK£0.1448.6%
+UK£4.4m		-50.0%PS0.4x
OMG Oxford MetricsUK£0.585.4%
+UK£3.4m		18.3%PS1.5x
BGO BangoUK£0.825.1%
+UK£3.1m		-17.2%PS1.6x
SKL Skillcast GroupUK£0.782.0%
+UK£1.3m		82.4%PE63.8x

Latest News

ZOO
UK£0.14
ZOO Digital Group
7D
48.6%
1Y
-50.0%

ZOO Digital Group plc (LON:ZOO) Held Back By Insufficient Growth Even After Shares Climb 38%

Feb 04
ZOO Digital Group plc (LON:ZOO) Held Back By Insufficient Growth Even After Shares Climb 38%
SAAS
UK£0.87
Microlise Group
7D
-6.5%
1Y
-28.7%
APTD
UK£2.46
Aptitude Software Group
7D
-12.1%
1Y
-22.5%
SGE
UK£8.71
Sage Group
7D
-12.0%
1Y
-35.0%
PINE
UK£4.75
Pinewood Technologies Group
7D
31.1%
1Y
39.6%

PINE: Higher Future P E Assumptions Will Support Stronger Share Price

Analysts have lifted their price target for Pinewood Technologies Group to £7.25 from £7.00, reflecting updated assumptions around fair value, revenue growth, profit margins and future P/E expectations. Analyst Commentary Analysts lifting the price target to £7.25 signals updated thinking on how Pinewood Technologies Group might balance growth, margins and valuation from here.
ALFA
UK£2.04
Alfa Financial Software Holdings
7D
-4.2%
1Y
-8.1%
SATS
UK£0.0031
Satsuma Technology
7D
3.3%
1Y
-69.0%
PEB
UK£0.20
Pebble Beach Systems Group
7D
4.0%
1Y
129.4%
QTX
UK£2.96
Quartix Technologies
7D
-5.4%
1Y
71.6%

QTX: Shares Will Rise On Unified Dividend Policy And Payout Visibility

Analysts have modestly lifted their price target for Quartix Technologies to £3.60 from £3.60, reflecting slightly adjusted assumptions around the discount rate, revenue growth and profit margin, while keeping the fair value estimate steady. What's in the News The Board plans to consolidate Quartix Technologies' separate ordinary and supplementary dividends into a single ordinary dividend, with details to be set out in the upcoming annual report (Key Developments).
BGO
UK£0.82
Bango
7D
5.1%
1Y
-17.2%
CER
UK£16.90
Cerillion
7D
-3.2%
1Y
3.0%

Cerillion Plc's (LON:CER) 26% Share Price Surge Not Quite Adding Up

Jan 20
Cerillion Plc's (LON:CER) 26% Share Price Surge Not Quite Adding Up
SKL
UK£0.78
Skillcast Group
7D
2.0%
1Y
82.4%

The Price Is Right For Skillcast Group plc (LON:SKL)

Jan 15
The Price Is Right For Skillcast Group plc (LON:SKL)
OMG
UK£0.58
Oxford Metrics
7D
5.4%
1Y
18.3%
GBG
UK£2.27
GB Group
7D
-5.4%
1Y
-34.5%
SYME
UK£0.000044
Supply@ME Capital
7D
46.7%
1Y
57.1%
BYIT
UK£3.21
Bytes Technology Group
7D
-5.7%
1Y
-30.7%