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 22, 2025
DataAggregated Company Financials
Companies3
- 7D-1.7%
- 3M-10.2%
- 1Y-43.7%
- YTDn/a
Over the last 7 days, the Systems Software industry has dropped 2.7%, driven by a pullback from Cirata of 9.1%. However, the industry is down 44% over the past year. Earnings are forecast to grow by 58% 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 |
|---|---|---|---|---|---|---|
| Mon, 22 Dec 2025 | UK£80.5m | UK£56.2m | -UK£23,662,699.53 | n/a | -3.4x | 1.4x |
| Wed, 19 Nov 2025 | UK£86.4m | UK£56.6m | -UK£23,902,947.78 | n/a | -3.6x | 1.5x |
| Fri, 17 Oct 2025 | UK£95.4m | UK£60.3m | -UK£16,619,439.97 | 17.5x | -5.7x | 1.6x |
| Sun, 14 Sep 2025 | UK£102.0m | UK£61.0m | -UK£14,910,370.48 | 83.7x | -6.8x | 1.7x |
| Tue, 12 Aug 2025 | UK£100.3m | UK£59.8m | -UK£12,284,880.29 | 85.4x | -8.2x | 1.7x |
| Thu, 10 Jul 2025 | UK£173.9m | UK£82.7m | -UK£14,602,426.86 | 125.9x | -11.9x | 2.1x |
| Sat, 07 Jun 2025 | UK£184.1m | UK£313.2m | -UK£17,736,310.00 | 132.2x | -10.4x | 0.6x |
| Mon, 05 May 2025 | UK£197.8m | UK£335.2m | -UK£17,020,543.76 | 33.2x | -11.6x | 0.6x |
| Wed, 02 Apr 2025 | UK£193.9m | UK£334.7m | -UK£17,451,022.10 | 82.4x | -11.1x | 0.6x |
| Fri, 28 Feb 2025 | UK£190.4m | UK£328.6m | -UK£25,424,222.71 | 127.9x | -7.5x | 0.6x |
| Sun, 26 Jan 2025 | UK£181.9m | UK£329.1m | -UK£25,620,789.32 | 124.4x | -7.1x | 0.6x |
| Tue, 24 Dec 2024 | UK£193.8m | UK£328.6m | -UK£25,881,436.39 | 158.6x | -7.5x | 0.6x |
| Thu, 21 Nov 2024 | UK£194.4m | UK£327.6m | -UK£25,017,243.86 | 182.9x | -7.8x | 0.6x |
| Sat, 19 Oct 2024 | UK£232.7m | UK£331.1m | -UK£28,382,745.00 | 230.5x | -8.2x | 0.7x |
| Mon, 16 Sep 2024 | UK£4.0b | UK£810.6m | UK£57.2m | 44.5x | 69.3x | 4.9x |
| Wed, 14 Aug 2024 | UK£4.1b | UK£841.6m | UK£48.8m | 44.2x | 83.4x | 4.8x |
| Fri, 12 Jul 2024 | UK£4.0b | UK£848.3m | UK£42.7m | 43.6x | 94.5x | 4.8x |
| Sun, 09 Jun 2024 | UK£4.0b | UK£855.8m | UK£43.5m | 43x | 92.3x | 4.7x |
| Tue, 07 May 2024 | UK£4.1b | UK£861.8m | UK£44.2m | 43.9x | 92.9x | 4.8x |
| Thu, 04 Apr 2024 | UK£3.1b | UK£858.2m | UK£36.9m | 32.3x | 83.6x | 3.6x |
| Sat, 02 Mar 2024 | UK£2.6b | UK£805.0m | -UK£6,438,150.54 | 49.9x | -402.4x | 3.2x |
| Mon, 29 Jan 2024 | UK£12.4b | UK£2.2b | UK£295.9m | 48.1x | 42x | 5.6x |
| Wed, 27 Dec 2023 | UK£12.4b | UK£2.2b | UK£295.9m | 48.2x | 42x | 5.6x |
| Fri, 24 Nov 2023 | UK£12.4b | UK£2.2b | UK£296.0m | 48.1x | 42x | 5.6x |
| Sun, 22 Oct 2023 | UK£12.4b | UK£2.2b | UK£296.0m | 45x | 41.8x | 5.5x |
| Tue, 19 Sep 2023 | UK£12.8b | UK£2.2b | UK£296.6m | 61.5x | 43.2x | 5.8x |
| Thu, 17 Aug 2023 | UK£12.5b | UK£2.2b | UK£268.3m | 74.8x | 46.7x | 5.8x |
| Sat, 15 Jul 2023 | UK£12.9b | UK£2.2b | UK£275.3m | 65.5x | 46.8x | 5.9x |
| Mon, 12 Jun 2023 | UK£12.8b | UK£2.2b | UK£274.6m | 42.4x | 46.8x | 5.9x |
| Wed, 10 May 2023 | UK£12.9b | UK£2.2b | UK£273.9m | 44.6x | 47.3x | 5.9x |
| Fri, 07 Apr 2023 | UK£12.6b | UK£2.2b | UK£276.7m | 34.5x | 45.4x | 5.7x |
| Sun, 05 Mar 2023 | UK£12.8b | UK£2.0b | UK£266.4m | 38.4x | 48x | 6.4x |
| Tue, 31 Jan 2023 | UK£12.4b | UK£2.0b | UK£263.6m | 32x | 46.9x | 6.2x |
| Thu, 29 Dec 2022 | UK£12.4b | UK£2.0b | UK£263.2m | 30.9x | 47.2x | 6.2x |
Price to Earnings Ratio
47.2x
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 | 1.52% | |
| Tech | 0.23% | |
| Software | -0.21% | |
| Systems Software | -1.74% | |
| Application Software | -0.20% | |
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 | |
|---|---|---|---|---|---|
| GETB GetBusy | UK£0.77 | 2.7% +UK£1.0m | 29.7% | PE235x | |
| TRAC t42 IoT Tracking Solutions | UK£0.021 | 16.7% +UK£196.9k | -35.4% | PS0.4x | |
| SWG Shearwater Group | UK£0.43 | 1.2% +UK£119.1k | 10.3% | PS0.3x |