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 30, 2025
DataAggregated Company Financials
Companies3
- 7D0.6%
- 3M-16.6%
- 1Y-41.0%
- YTDn/a
The Systems Software industry has stayed flat over the last week. Unfortunately though, the industry is down 41% over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Tue, 30 Dec 2025 | UK£81.9m | UK£56.0m | -UK£23,538,712.59 | n/a | -3.5x | 1.5x |
| Thu, 27 Nov 2025 | UK£87.9m | UK£56.5m | -UK£23,820,038.58 | n/a | -3.7x | 1.6x |
| Sat, 25 Oct 2025 | UK£89.6m | UK£60.6m | -UK£16,747,212.42 | 16.7x | -5.3x | 1.5x |
| Mon, 22 Sep 2025 | UK£95.7m | UK£60.3m | -UK£16,579,256.21 | 38x | -5.8x | 1.6x |
| Wed, 20 Aug 2025 | UK£99.4m | UK£59.7m | -UK£12,240,245.93 | 87.4x | -8.1x | 1.7x |
| Fri, 18 Jul 2025 | UK£126.4m | UK£83.1m | -UK£14,728,328.87 | 79.6x | -8.6x | 1.5x |
| Sun, 15 Jun 2025 | UK£177.1m | UK£313.2m | -UK£17,706,613.05 | 126x | -10x | 0.6x |
| Tue, 13 May 2025 | UK£207.7m | UK£335.3m | -UK£17,097,578.43 | 34.8x | -12.1x | 0.6x |
| Thu, 10 Apr 2025 | UK£179.0m | UK£335.2m | -UK£17,540,608.80 | 70.9x | -10.2x | 0.5x |
| Sat, 08 Mar 2025 | UK£186.3m | UK£312.5m | -UK£25,348,980.46 | 122.7x | -7.3x | 0.6x |
| Mon, 03 Feb 2025 | UK£175.1m | UK£329.2m | -UK£25,741,105.30 | 119.9x | -6.8x | 0.5x |
| Wed, 01 Jan 2025 | UK£189.8m | UK£328.5m | -UK£25,864,571.18 | 158.7x | -7.3x | 0.6x |
| Fri, 29 Nov 2024 | UK£187.9m | UK£328.3m | -UK£25,660,408.27 | 175.3x | -7.3x | 0.6x |
| Sun, 27 Oct 2024 | UK£200.7m | UK£331.2m | -UK£28,491,669.19 | 179.1x | -7x | 0.6x |
| Tue, 24 Sep 2024 | UK£3.9b | UK£803.4m | UK£56.2m | 45x | 70.2x | 4.9x |
| Thu, 22 Aug 2024 | UK£4.0b | UK£832.7m | UK£46.7m | 44.4x | 85.9x | 4.8x |
| Sat, 20 Jul 2024 | UK£4.0b | UK£843.5m | UK£42.9m | 43.6x | 94x | 4.8x |
| Mon, 17 Jun 2024 | UK£4.0b | UK£857.0m | UK£43.7m | 42.7x | 91.7x | 4.7x |
| Wed, 15 May 2024 | UK£4.1b | UK£861.2m | UK£44.1m | 43.4x | 92.6x | 4.7x |
| Fri, 12 Apr 2024 | UK£3.2b | UK£861.7m | UK£44.2m | 33.7x | 72.8x | 3.7x |
| Sun, 10 Mar 2024 | UK£2.7b | UK£853.4m | UK£33.8m | 28.2x | 79.7x | 3.2x |
| Tue, 06 Feb 2024 | UK£2.4b | UK£809.4m | -UK£6,337,586.85 | 45.9x | -382x | 3x |
| Thu, 04 Jan 2024 | UK£12.3b | UK£2.2b | UK£296.0m | 46.4x | 41.7x | 5.5x |
| Sat, 02 Dec 2023 | UK£12.6b | UK£2.2b | UK£295.9m | 52.3x | 42.6x | 5.7x |
| Mon, 30 Oct 2023 | UK£12.4b | UK£2.2b | UK£296.0m | 44.8x | 41.7x | 5.5x |
| Wed, 27 Sep 2023 | UK£12.9b | UK£2.2b | UK£297.0m | 58.6x | 43.4x | 5.8x |
| Fri, 25 Aug 2023 | UK£12.5b | UK£2.2b | UK£268.0m | 74.1x | 46.6x | 5.7x |
| Sun, 23 Jul 2023 | UK£13.5b | UK£2.2b | UK£275.2m | 67.3x | 49x | 6.2x |
| Tue, 20 Jun 2023 | UK£13.1b | UK£2.2b | UK£275.1m | 41x | 47.7x | 6x |
| Thu, 18 May 2023 | UK£12.8b | UK£2.2b | UK£274.3m | 44x | 46.8x | 5.9x |
| Sat, 15 Apr 2023 | UK£12.6b | UK£2.2b | UK£276.9m | 34.6x | 45.6x | 5.7x |
| Mon, 13 Mar 2023 | UK£12.9b | UK£2.1b | UK£263.4m | 34.6x | 48.9x | 6.2x |
| Wed, 08 Feb 2023 | UK£12.3b | UK£2.0b | UK£264.3m | 32.6x | 46.7x | 6.2x |
| Fri, 06 Jan 2023 | UK£12.7b | UK£2.0b | UK£264.5m | 31.9x | 48x | 6.3x |
Price to Earnings Ratio
48x
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 | 0.13% | |
| Tech | -0.86% | |
| Software | -0.62% | |
| Systems Software | 0.55% | |
| Application Software | -0.63% | |
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£0.025 | 19.0% +UK£262.5k | -23.1% | PS0.5x |