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U.K. (FTSE) Application Software Industry Analysis

UpdatedJul 23, 2026
DataAggregated Company Financials
Companies46
  • 7D-1.6%
  • 3M-2.6%
  • 1Y-31.8%
  • YTDn/a

The Application Software is pretty flat in the last 7 days, but Pinewood Technologies Group has stood out, gaining 4.8%. Unfortunately though, the industry is down 32% over the past 12 months. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Jul 2026UK£12.0bUK£4.5bUK£413.0m19.3x29.1x2.7x
Sat, 20 Jun 2026UK£11.7bUK£4.5bUK£421.7m20x27.7x2.6x
Mon, 18 May 2026UK£12.6bUK£4.5bUK£489.5m23.6x25.8x2.8x
Wed, 15 Apr 2026UK£12.3bUK£4.4bUK£454.0m31.4x27.2x2.8x
Fri, 13 Mar 2026UK£12.4bUK£4.4bUK£454.8m28.6x27.4x2.8x
Sun, 08 Feb 2026UK£13.2bUK£4.4bUK£453.2m31.8x29.1x3x
Tue, 06 Jan 2026UK£15.4bUK£4.4bUK£457.1m32.7x33.6x3.5x
Thu, 04 Dec 2025UK£15.4bUK£4.4bUK£445.2m33.2x34.7x3.5x
Sat, 01 Nov 2025UK£16.5bUK£4.3bUK£452.4m31.4x36.4x3.8x
Mon, 29 Sep 2025UK£15.8bUK£4.3bUK£457.3m31.7x34.5x3.7x
Wed, 27 Aug 2025UK£16.0bUK£4.3bUK£449.6m32.6x35.5x3.7x
Fri, 25 Jul 2025UK£17.5bUK£4.3bUK£438.7m32.7x39.9x4.1x
Sun, 22 Jun 2025UK£18.5bUK£4.4bUK£419.3m33.7x44.2x4.3x
Tue, 20 May 2025UK£18.4bUK£4.5bUK£417.4m31.2x44.1x4.1x
Thu, 17 Apr 2025UK£17.2bUK£4.4bUK£390.3m25.6x44.2x3.9x
Sat, 15 Mar 2025UK£17.8bUK£4.5bUK£338.2m29x52.5x4x
Mon, 10 Feb 2025UK£19.6bUK£4.5bUK£332.0m31.4x59x4.4x
Wed, 08 Jan 2025UK£19.6bUK£4.5bUK£331.3m30.8x59.1x4.4x
Fri, 06 Dec 2024UK£19.8bUK£4.4bUK£346.2m35.3x57.3x4.5x
Sun, 03 Nov 2024UK£16.5bUK£4.3bUK£235.9m34.8x70x3.8x
Tue, 01 Oct 2024UK£16.6bUK£4.3bUK£231.0m32.3x72.1x3.9x
Thu, 29 Aug 2024UK£17.0bUK£4.4bUK£199.1m37.9x85.2x3.9x
Sat, 27 Jul 2024UK£17.7bUK£4.4bUK£207.3m40.5x85.6x4x
Mon, 24 Jun 2024UK£18.0bUK£4.5bUK£223.1m40.4x80.8x4x
Wed, 22 May 2024UK£17.7bUK£4.4bUK£118.3m37.3x149.5x4x
Fri, 19 Apr 2024UK£17.5bUK£4.4bUK£46.6m38.1x376x4x
Sun, 17 Mar 2024UK£18.4bUK£4.3bUK£35.1m36.1x523.1x4.2x
Tue, 13 Feb 2024UK£18.5bUK£4.4bUK£72.2m36.4x256.3x4.2x
Thu, 11 Jan 2024UK£29.8bUK£7.9b-UK£224,763,873.0036.5x-132.4x3.8x
Sat, 09 Dec 2023UK£29.6bUK£7.9b-UK£223,954,293.0033.1x-132.2x3.7x
Mon, 06 Nov 2023UK£27.2bUK£7.8b-UK£169,944,118.0030.8x-159.9x3.5x
Wed, 04 Oct 2023UK£27.5bUK£7.8b-UK£167,311,905.0033.9x-164.6x3.5x
Fri, 01 Sep 2023UK£27.5bUK£7.8b-UK£166,838,764.0028.8x-164.9x3.5x
Sun, 30 Jul 2023UK£28.1bUK£8.4b-UK£143,862,688.0029.3x-195.3x3.3x
Price to Earnings Ratio

-195.3x


Total Market Cap: UK£28.1bTotal Earnings: -UK£143,862,688.00Total Revenue: UK£8.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Application Software Industry Price to Earnings3Y Average 42.9x202420252026
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 29.2x which is lower than its 3-year average PE of 42.7x.
  • The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • Total earnings for the Application Software industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 19% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Comparison

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

GB Market1.95%
Tech0.90%
Software-1.66%
Application Software-1.65%
Systems Software-3.12%
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£3.154.8%
+UK£16.7m		-36.8%PE7.2x
ALFA Alfa Financial Software HoldingsUK£1.642.8%
+UK£13.1m		-25.1%PE16.3x
NET NetcallUK£1.196.3%
+UK£11.9m		-3.3%PE84.6x
ADVT AdvancedAdvTUK£1.654.8%
+UK£9.9m		-10.8%PE47.2x
DOTL Dotlines GlobalUK£0.1112.5%
+UK£7.6m		-73.2%n/a

Latest News

NET
UK£1.19
Netcall
7D
6.3%
1Y
-3.3%
ADVT
UK£1.65
AdvancedAdvT
7D
4.8%
1Y
-10.8%
DOTD
UK£0.48
dotdigital Group
7D
4.1%
1Y
-35.0%
RM.
UK£0.90
RM
7D
-0.9%
1Y
-14.3%
BYIT
UK£4.19
Bytes Technology Group
7D
-1.6%
1Y
23.8%
QTX
UK£2.25
Quartix Technologies
7D
3.4%
1Y
-8.2%
GBG
UK£2.15
GB Group
7D
-5.1%
1Y
-8.7%
Narrative Update • Jul 08

GBG: US Partnership Expansion Will Support Confidence Despite Recent Price Pressure

Analysts have trimmed their price target on GB Group to £2.70 from £3.20, citing the near term impact of a £6m growth investment on the company’s valuation, while highlighting progress with key customers as support for the longer term growth case. What’s in the News for GB Group GB Group and Equifax are expanding their partnership into the United States, aiming to strengthen identity and fraud protection offerings for business customers.
PINE
UK£3.15
Pinewood Technologies Group
7D
4.8%
1Y
-36.8%
Narrative Update • Jul 06

nan

Analysts have reduced their fair value estimate for Pinewood Technologies Group from £7.92 to £6.70, citing updated assumptions for revenue growth, profit margins and a higher future P/E multiple. Together, these changes indicate a more cautious view of the company’s risk and return profile.
AOM
UK£1.98
ActiveOps
7D
-1.3%
1Y
8.2%
Analysis Article • Jul 06

ActiveOps Plc (LON:AOM) Just Released Its Full-Year Results And Analysts Are Updating Their Estimates

There's been a notable change in appetite for ActiveOps Plc ( LON:AOM ) shares in the week since its full-year report...
ALT
UK£0.26
Altitude Group
7D
-5.6%
1Y
18.6%
BGO
UK£0.72
Bango
7D
4.3%
1Y
-13.8%
SGE
UK£8.28
Sage Group
7D
-3.0%
1Y
-33.6%
Narrative Update • Jun 29

SGE: AI Adoption And Capital Returns Will Support Future Share Price Upside

The updated Sage Group narrative reflects a lower implied price target, moving in line with recent Street revisions, such as JPMorgan's cut to £10.00 from £11.00 and Deutsche Bank's trim to £9.00. It also incorporates analyst views on moderating growth assumptions, a slightly higher discount rate, and a reduced future P/E multiple, offset by a small uplift in margin expectations.
ALFA
UK£1.64
Alfa Financial Software Holdings
7D
2.8%
1Y
-25.1%
Narrative Update • Jun 23

ALFA: Dividend And Stable Assumptions Will Support Future Upside Potential

Analysts have kept their price target for Alfa Financial Software Holdings broadly unchanged in £ terms, indicating only marginal tweaks in key inputs such as discount rate, revenue growth, profit margin and future P/E assumptions, rather than any shift in their core view on the stock. What's in the News At its AGM held on 30 April 2026, Alfa Financial Software Holdings approved a final dividend of 1.5 pence per ordinary share, according to company meeting disclosures.
CER
UK£10.48
Cerillion
7D
-0.7%
1Y
-29.7%
ASTR
UK£0.00063
Astrid Intelligence
7D
-21.9%
1Y
-67.9%