A Look At The Intrinsic Value Of t42 IoT Tracking Solutions PLC (LON:TRAC)
Dec 19
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U.K. (FTSE) Systems Software Industry Analysis
UpdatedDec 27, 2025
DataAggregated Company Financials
Companies3
- 7D1.7%
- 3M-14.2%
- 1Y-42.1%
- YTDn/a
The Systems Software industry is up 1.1% in the last week, with Corero Network Security up 2.7%. However, the industry is down 43% over the past year. As for the next few years, earnings are expected to grow by 58% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 27 Dec 2025 | UK£81.9m | UK£56.0m | -UK£23,544,553.92 | n/a | -3.5x | 1.5x |
| Mon, 24 Nov 2025 | UK£86.3m | UK£56.7m | -UK£23,951,939.58 | n/a | -3.6x | 1.5x |
| Wed, 22 Oct 2025 | UK£92.5m | UK£60.4m | -UK£16,667,391.91 | 16.4x | -5.5x | 1.5x |
| Fri, 19 Sep 2025 | UK£95.6m | UK£60.1m | -UK£16,500,872.45 | 38.1x | -5.8x | 1.6x |
| Sun, 17 Aug 2025 | UK£101.0m | UK£59.6m | -UK£12,193,966.42 | 87.8x | -8.3x | 1.7x |
| Tue, 15 Jul 2025 | UK£173.7m | UK£83.1m | -UK£14,721,258.18 | 120.9x | -11.8x | 2.1x |
| Thu, 12 Jun 2025 | UK£178.3m | UK£313.2m | -UK£17,729,950.39 | 125.8x | -10.1x | 0.6x |
| Sat, 10 May 2025 | UK£206.1m | UK£335.1m | -UK£16,997,625.62 | 34.6x | -12.1x | 0.6x |
| Mon, 07 Apr 2025 | UK£183.3m | UK£335.0m | -UK£17,486,076.60 | 68.5x | -10.5x | 0.5x |
| Wed, 05 Mar 2025 | UK£186.6m | UK£312.7m | -UK£25,605,348.38 | 122.3x | -7.3x | 0.6x |
| Fri, 31 Jan 2025 | UK£177.9m | UK£329.1m | -UK£25,670,092.66 | 121.9x | -6.9x | 0.5x |
| Sun, 29 Dec 2024 | UK£192.2m | UK£328.5m | -UK£25,807,801.15 | 159.3x | -7.4x | 0.6x |
| Tue, 26 Nov 2024 | UK£185.8m | UK£327.8m | -UK£25,149,861.78 | 167.8x | -7.4x | 0.6x |
| Thu, 24 Oct 2024 | UK£211.7m | UK£331.3m | -UK£28,527,668.81 | 198.6x | -7.4x | 0.6x |
| Sat, 21 Sep 2024 | UK£3.9b | UK£803.4m | UK£56.2m | 45x | 70.2x | 4.9x |
| Mon, 19 Aug 2024 | UK£4.1b | UK£838.5m | UK£48.4m | 44.4x | 83.7x | 4.8x |
| Wed, 17 Jul 2024 | UK£4.0b | UK£845.8m | UK£42.4m | 43.6x | 94.6x | 4.7x |
| Fri, 14 Jun 2024 | UK£4.0b | UK£853.9m | UK£43.3m | 42.9x | 93.1x | 4.7x |
| Sun, 12 May 2024 | UK£4.1b | UK£863.8m | UK£44.4m | 43.4x | 92.2x | 4.7x |
| Tue, 09 Apr 2024 | UK£3.1b | UK£857.8m | UK£43.7m | 32.4x | 70.2x | 3.6x |
| Thu, 07 Mar 2024 | UK£2.5b | UK£802.1m | -UK£6,506,469.29 | 49x | -388.6x | 3.2x |
| Sat, 03 Feb 2024 | UK£12.4b | UK£2.2b | UK£295.8m | 46.7x | 41.8x | 5.5x |
| Mon, 01 Jan 2024 | UK£12.5b | UK£2.2b | UK£295.9m | 50.5x | 42.3x | 5.6x |
| Wed, 29 Nov 2023 | UK£12.4b | UK£2.2b | UK£295.9m | 46.9x | 41.8x | 5.6x |
| Fri, 27 Oct 2023 | UK£12.4b | UK£2.2b | UK£296.1m | 45.5x | 41.8x | 5.5x |
| Sun, 24 Sep 2023 | UK£12.9b | UK£2.2b | UK£296.9m | 59.3x | 43.6x | 5.8x |
| Tue, 22 Aug 2023 | UK£12.4b | UK£2.2b | UK£268.3m | 74.8x | 46.3x | 5.7x |
| Thu, 20 Jul 2023 | UK£13.5b | UK£2.2b | UK£275.2m | 67.4x | 49.1x | 6.2x |
| Sat, 17 Jun 2023 | UK£13.2b | UK£2.2b | UK£275.1m | 41.9x | 48.1x | 6.1x |
| Mon, 15 May 2023 | UK£12.9b | UK£2.2b | UK£274.3m | 44.6x | 46.9x | 5.9x |
| Wed, 12 Apr 2023 | UK£12.6b | UK£2.2b | UK£276.8m | 34.5x | 45.4x | 5.7x |
| Fri, 10 Mar 2023 | UK£12.9b | UK£2.1b | UK£263.6m | 34.6x | 48.8x | 6.2x |
| Sun, 05 Feb 2023 | UK£12.4b | UK£2.0b | UK£264.2m | 33.3x | 47.1x | 6.2x |
| Tue, 03 Jan 2023 | UK£12.5b | UK£2.0b | UK£263.1m | 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 | -0.14% | |
| Tech | -0.43% | |
| Software | -0.18% | |
| Systems Software | 1.70% | |
| Application Software | -0.19% | |
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 | |
| CRTA Cirata | UK£0.18 | 2.0% +UK£442.2k | -25.5% | PS3.3x | |
| TRAC t42 IoT Tracking Solutions | UK£0.022 | 4.8% +UK£65.6k | -32.3% | PS0.4x |