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U.K. (FTSE) Application Software Industry Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies46
  • 7D-3.1%
  • 3M-6.4%
  • 1Y-16.6%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 1.7%, driven by Sage Group declining 2.6%. In contrast, Zoyo has gained 90%. Overall the industry is down 17% in 12 months. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 19 Jan 2026UK£15.4bUK£4.4bUK£454.0m32.3x33.8x3.5x
Wed, 17 Dec 2025UK£15.5bUK£4.4bUK£445.5m32.7x34.8x3.5x
Fri, 14 Nov 2025UK£16.0bUK£4.3bUK£447.3m34.1x35.7x3.7x
Sun, 12 Oct 2025UK£16.3bUK£4.3bUK£454.4m31.4x35.9x3.8x
Tue, 09 Sep 2025UK£16.1bUK£4.3bUK£453.6m33.3x35.6x3.8x
Thu, 07 Aug 2025UK£16.9bUK£4.3bUK£442.1m34.1x38.3x3.9x
Sat, 05 Jul 2025UK£17.7bUK£4.4bUK£409.5m34.9x43.2x4x
Mon, 02 Jun 2025UK£18.4bUK£4.5bUK£417.6m31.6x44x4.1x
Wed, 30 Apr 2025UK£17.8bUK£4.4bUK£389.1m29.5x45.6x4x
Fri, 28 Mar 2025UK£17.9bUK£4.4bUK£390.0m28.4x45.8x4x
Sun, 23 Feb 2025UK£19.3bUK£4.5bUK£332.5m31.9x58.1x4.3x
Tue, 21 Jan 2025UK£19.5bUK£4.5bUK£330.8m28.4x59.1x4.4x
Thu, 19 Dec 2024UK£19.8bUK£4.4bUK£346.0m34.9x57.2x4.5x
Sat, 16 Nov 2024UK£17.4bUK£4.4bUK£239.7m34.8x72.4x4x
Mon, 14 Oct 2024UK£16.5bUK£4.3bUK£232.3m32.4x70.9x3.8x
Wed, 11 Sep 2024UK£16.6bUK£4.4bUK£220.4m36.3x75.5x3.8x
Fri, 09 Aug 2024UK£16.8bUK£4.4bUK£208.9m37.2x80.3x3.8x
Sun, 07 Jul 2024UK£18.1bUK£4.5bUK£218.4m37.2x82.7x4x
Tue, 04 Jun 2024UK£17.4bUK£4.4bUK£119.8m38.9x145x3.9x
Thu, 02 May 2024UK£17.9bUK£4.4bUK£53.6m37.5x335x4.1x
Sat, 30 Mar 2024UK£18.9bUK£4.4bUK£41.6m38.6x453.6x4.3x
Mon, 26 Feb 2024UK£18.5bUK£4.3bUK£72.5m35.5x255.5x4.3x
Wed, 24 Jan 2024UK£29.8bUK£7.9b-UK£224,660,972.0036.6x-132.8x3.8x
Fri, 22 Dec 2023UK£30.0bUK£7.9b-UK£223,820,100.0035x-133.9x3.8x
Sun, 19 Nov 2023UK£27.5bUK£7.9b-UK£163,804,956.0033.7x-168.1x3.5x
Tue, 17 Oct 2023UK£27.6bUK£7.8b-UK£166,341,406.0029.9x-165.9x3.5x
Thu, 14 Sep 2023UK£28.1bUK£7.8b-UK£165,732,152.0032.5x-169.6x3.6x
Sat, 12 Aug 2023UK£27.4bUK£7.8b-UK£170,703,329.0030.5x-160.5x3.5x
Mon, 10 Jul 2023UK£27.7bUK£8.4b-UK£146,213,463.0031x-189.7x3.3x
Wed, 07 Jun 2023UK£28.0bUK£8.4b-UK£38,547,840.0034.2x-725.3x3.3x
Fri, 05 May 2023UK£27.1bUK£8.5b-UK£164,173,347.0035.6x-165.1x3.2x
Sun, 02 Apr 2023UK£26.7bUK£8.4bUK£22.9m35.8x1166.7x3.2x
Tue, 28 Feb 2023UK£26.9bUK£8.3bUK£32.4m34.7x831x3.2x
Thu, 26 Jan 2023UK£26.6bUK£8.3bUK£38.1m37.7x698.6x3.2x
Price to Earnings Ratio

698.6x


Total Market Cap: UK£26.6bTotal Earnings: UK£38.1mTotal Revenue: UK£8.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Application Software Industry Price to Earnings3Y Average 111.4x202420252026
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 33.8x which is lower than its 3-year average PE of 112x.
  • The industry is trading close to its 3-year average PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have grown 130% 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 Market1.03%
Tech-0.31%
Software-2.99%
Application Software-3.08%
Systems Software11.78%
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
ZOYO ZoyoUK£0.4790.0%
+UK£33.4m		n/an/a
CER CerillionUK£15.103.4%
+UK£15.0m		-2.6%PE26.8x
AOM ActiveOpsUK£2.512.9%
+UK£5.0m		141.3%PS4.8x
PINE Pinewood Technologies GroupUK£3.521.0%
+UK£4.0m		0.9%PE65.1x
SKL Skillcast GroupUK£0.774.1%
+UK£2.7m		85.5%PE63.4x

Latest News

CER
UK£15.10
Cerillion
7D
3.4%
1Y
-2.6%
ZOYO
UK£0.47
Zoyo
7D
90.0%
1Y
n/a
SKL
UK£0.77
Skillcast Group
7D
4.1%
1Y
85.5%

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

Jan 15
The Price Is Right For Skillcast Group plc (LON:SKL)
AOM
UK£2.51
ActiveOps
7D
2.9%
1Y
141.3%

AOM: Scalable Model Will Support £100 Million ARR And Higher Margins

Analysts have maintained their fair value estimate for ActiveOps at £3.17 per share, making only small adjustments to inputs such as the discount rate and future P/E, which they describe as refinements rather than a change in view. What's in the News ActiveOps is holding an analyst and investor day focused on how its Decision Intelligence products are used to manage service operations, with management outlining plans to deepen relationships with enterprise customers across key verticals and expand market presence through partners (Key Developments).
SAAS
UK£0.92
Microlise Group
7D
-3.7%
1Y
0%

SAAS: Stable Profitability And 2025 Revenue Guidance Will Support Future Returns

Analysts have kept their fair value estimate for Microlise Group steady at £1.52, with only marginal tweaks to inputs like the discount rate and future P/E. This reflects fine tuning of their models rather than a shift in conviction.
SGE
UK£10.54
Sage Group
7D
-4.6%
1Y
-20.2%

Sage Group's (LON:SGE) Shareholders Will Receive A Bigger Dividend Than Last Year

Jan 07
Sage Group's (LON:SGE) Shareholders Will Receive A Bigger Dividend Than Last Year
ADVT
UK£1.70
AdvancedAdvT
7D
0.6%
1Y
14.1%
ACSO
UK£2.64
accesso Technology Group
7D
-6.0%
1Y
-47.2%

When Should You Buy accesso Technology Group plc (LON:ACSO)?

Jan 06
When Should You Buy accesso Technology Group plc (LON:ACSO)?
IGP
UK£1.13
Intercede Group
7D
-10.7%
1Y
-42.0%
DOTD
UK£0.65
dotdigital Group
7D
1.2%
1Y
-19.8%
PINE
UK£3.52
Pinewood Technologies Group
7D
1.0%
1Y
0.9%
ALFA
UK£2.12
Alfa Financial Software Holdings
7D
-1.2%
1Y
5.2%
OMG
UK£0.54
Oxford Metrics
7D
3.4%
1Y
6.3%
GBG
UK£2.40
GB Group
7D
-2.4%
1Y
-28.6%
BYIT
UK£3.53
Bytes Technology Group
7D
-3.2%
1Y
-18.0%
BGO
UK£0.82
Bango
7D
-5.2%
1Y
-23.7%