A Look At The Intrinsic Value Of t42 IoT Tracking Solutions PLC (LON:TRAC)
Dec 19
Have your own idea? Try our Stock Screener
U.K. (FTSE) Systems Software Industry Analysis
UpdatedDec 25, 2025
DataAggregated Company Financials
Companies3
- 7D0.5%
- 3M-8.8%
- 1Y-43.2%
- YTDn/a
The Systems Software industry has been flat over the last week, but Cirata has lost 5.9%. Unfortunately though, the industry is down 44% over the past 12 months. Looking forward, earnings are forecast to grow by 59% annually.
Industry Valuation and Performance
Has the U.K. Systems Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 25 Dec 2025 | UK£81.9m | UK£55.9m | -UK£23,517,043.14 | n/a | -3.5x | 1.5x |
| Sat, 22 Nov 2025 | UK£86.3m | UK£56.7m | -UK£23,959,288.35 | n/a | -3.6x | 1.5x |
| Mon, 20 Oct 2025 | UK£95.0m | UK£60.3m | -UK£16,616,262.22 | 16.9x | -5.7x | 1.6x |
| Wed, 17 Sep 2025 | UK£95.8m | UK£59.9m | -UK£16,396,833.05 | 38.2x | -5.8x | 1.6x |
| Fri, 15 Aug 2025 | UK£101.0m | UK£59.6m | -UK£12,207,885.92 | 87.8x | -8.3x | 1.7x |
| Sun, 13 Jul 2025 | UK£174.6m | UK£82.9m | -UK£14,671,227.55 | 125x | -11.9x | 2.1x |
| Tue, 10 Jun 2025 | UK£181.7m | UK£313.1m | -UK£17,717,930.22 | 130.6x | -10.3x | 0.6x |
| Thu, 08 May 2025 | UK£199.2m | UK£335.2m | -UK£17,006,853.75 | 34.4x | -11.7x | 0.6x |
| Sat, 05 Apr 2025 | UK£183.3m | UK£335.0m | -UK£17,486,076.60 | 68.5x | -10.5x | 0.5x |
| Mon, 03 Mar 2025 | UK£190.6m | UK£312.9m | -UK£25,804,424.63 | 124.3x | -7.4x | 0.6x |
| Wed, 29 Jan 2025 | UK£178.0m | UK£329.1m | -UK£25,699,728.09 | 119.8x | -6.9x | 0.5x |
| Fri, 27 Dec 2024 | UK£195.0m | UK£328.6m | -UK£25,891,023.71 | 158.5x | -7.5x | 0.6x |
| Sun, 24 Nov 2024 | UK£188.7m | UK£327.8m | -UK£25,178,041.08 | 171.5x | -7.5x | 0.6x |
| Tue, 22 Oct 2024 | UK£227.8m | UK£331.2m | -UK£28,460,359.93 | 224.4x | -8x | 0.7x |
| Thu, 19 Sep 2024 | UK£4.0b | UK£808.2m | UK£56.8m | 44.7x | 69.6x | 4.9x |
| Sat, 17 Aug 2024 | UK£4.1b | UK£838.5m | UK£48.4m | 44.4x | 83.7x | 4.8x |
| Mon, 15 Jul 2024 | UK£4.0b | UK£845.4m | UK£42.3m | 43.4x | 94.3x | 4.7x |
| Wed, 12 Jun 2024 | UK£4.1b | UK£854.9m | UK£43.4m | 43.5x | 93.4x | 4.7x |
| Fri, 10 May 2024 | UK£4.1b | UK£864.0m | UK£44.4m | 43.2x | 91.7x | 4.7x |
| Sun, 07 Apr 2024 | UK£3.1b | UK£858.7m | UK£43.8m | 32.4x | 70.1x | 3.6x |
| Tue, 05 Mar 2024 | UK£2.5b | UK£803.9m | -UK£6,465,690.27 | 47.3x | -381.3x | 3.1x |
| Thu, 01 Feb 2024 | UK£12.4b | UK£2.2b | UK£295.8m | 47.2x | 41.9x | 5.5x |
| Sat, 30 Dec 2023 | UK£12.5b | UK£2.2b | UK£295.9m | 50.5x | 42.3x | 5.6x |
| Mon, 27 Nov 2023 | UK£12.4b | UK£2.2b | UK£296.0m | 48.3x | 42x | 5.6x |
| Wed, 25 Oct 2023 | UK£12.4b | UK£2.2b | UK£296.0m | 45x | 41.8x | 5.5x |
| Fri, 22 Sep 2023 | UK£12.9b | UK£2.2b | UK£296.9m | 59.4x | 43.6x | 5.8x |
| Sun, 20 Aug 2023 | UK£12.4b | UK£2.2b | UK£268.3m | 74.7x | 46.3x | 5.7x |
| Tue, 18 Jul 2023 | UK£12.9b | UK£2.2b | UK£275.3m | 65.4x | 46.8x | 5.9x |
| Thu, 15 Jun 2023 | UK£12.9b | UK£2.2b | UK£274.7m | 41.8x | 47x | 5.9x |
| Sat, 13 May 2023 | UK£12.9b | UK£2.2b | UK£274.3m | 44.6x | 46.9x | 5.9x |
| Mon, 10 Apr 2023 | UK£12.6b | UK£2.2b | UK£276.8m | 34.5x | 45.4x | 5.7x |
| Wed, 08 Mar 2023 | UK£12.8b | UK£2.0b | UK£266.8m | 38x | 48x | 6.3x |
| Fri, 03 Feb 2023 | UK£12.4b | UK£2.0b | UK£263.8m | 33.1x | 46.9x | 6.2x |
| Sun, 01 Jan 2023 | UK£12.5b | UK£2.0b | UK£263.0m | 30.9x | 47.7x | 6.3x |
Price to Earnings Ratio
47.7x
Current Industry PE
- There are only 3 companies in the British Systems Software industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- Total earnings for the Systems Software industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 70% per year, which is driving profits down.
Industry Comparison
How does U.K. Systems Software compare with similar industries?
| GB Market | 1.06% | |
| Tech | 0.50% | |
| Software | -0.16% | |
| Systems Software | 0.47% | |
| Application Software | -0.16% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CNS Corero Network Security | UK£0.096 | 2.7% +UK£1.3m | -51.5% | PS2.8x | |
| TRAC t42 IoT Tracking Solutions | UK£0.022 | 12.8% +UK£164.1k | -32.3% | PS0.4x |