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 26, 2025
DataAggregated Company Financials
Companies3
- 7D1.1%
- 3M-14.2%
- 1Y-43.2%
- YTDn/a
The Systems Software industry has stayed flat over the last week. Unfortunately though, the industry is down 43% over the past 12 months. 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Dec 2025 | UK£81.9m | UK£55.9m | -UK£23,507,056.35 | n/a | -3.5x | 1.5x |
| Sun, 23 Nov 2025 | UK£86.3m | UK£56.7m | -UK£23,951,939.58 | n/a | -3.6x | 1.5x |
| Tue, 21 Oct 2025 | UK£92.5m | UK£60.4m | -UK£16,644,324.81 | 16.8x | -5.6x | 1.5x |
| Thu, 18 Sep 2025 | UK£95.4m | UK£59.9m | -UK£16,411,619.26 | 38.2x | -5.8x | 1.6x |
| Sat, 16 Aug 2025 | UK£101.0m | UK£59.6m | -UK£12,193,966.42 | 87.8x | -8.3x | 1.7x |
| Mon, 14 Jul 2025 | UK£174.6m | UK£82.9m | -UK£14,671,227.55 | 125x | -11.9x | 2.1x |
| Wed, 11 Jun 2025 | UK£178.9m | UK£313.3m | -UK£17,756,635.78 | 124.9x | -10.1x | 0.6x |
| Fri, 09 May 2025 | UK£203.6m | UK£335.2m | -UK£17,046,627.92 | 34.5x | -11.9x | 0.6x |
| Sun, 06 Apr 2025 | UK£183.3m | UK£335.0m | -UK£17,486,076.60 | 68.5x | -10.5x | 0.5x |
| Tue, 04 Mar 2025 | UK£188.3m | UK£312.7m | -UK£25,626,946.13 | 122.3x | -7.3x | 0.6x |
| Thu, 30 Jan 2025 | UK£177.9m | UK£329.1m | -UK£25,696,742.09 | 119.8x | -6.9x | 0.5x |
| Sat, 28 Dec 2024 | UK£192.2m | UK£328.5m | -UK£25,821,633.81 | 159.1x | -7.4x | 0.6x |
| Mon, 25 Nov 2024 | UK£188.7m | UK£327.8m | -UK£25,178,041.08 | 171.5x | -7.5x | 0.6x |
| Wed, 23 Oct 2024 | UK£212.8m | UK£331.2m | -UK£28,460,443.78 | 200.2x | -7.5x | 0.6x |
| Fri, 20 Sep 2024 | UK£3.9b | UK£804.7m | UK£56.4m | 44.9x | 70x | 4.9x |
| Sun, 18 Aug 2024 | UK£4.1b | UK£838.5m | UK£48.4m | 44.4x | 83.7x | 4.8x |
| Tue, 16 Jul 2024 | UK£4.0b | UK£846.0m | UK£42.4m | 43.5x | 94.3x | 4.7x |
| Thu, 13 Jun 2024 | UK£4.1b | UK£852.7m | UK£43.2m | 43.4x | 93.9x | 4.8x |
| Sat, 11 May 2024 | UK£4.1b | UK£863.8m | UK£44.4m | 43.4x | 92.2x | 4.7x |
| Mon, 08 Apr 2024 | UK£3.1b | UK£858.7m | UK£43.8m | 32.4x | 70.1x | 3.6x |
| Wed, 06 Mar 2024 | UK£2.5b | UK£803.3m | -UK£6,478,946.46 | 47.8x | -382.8x | 3.1x |
| Fri, 02 Feb 2024 | UK£12.4b | UK£2.2b | UK£295.7m | 47.2x | 41.8x | 5.5x |
| Sun, 31 Dec 2023 | UK£12.5b | UK£2.2b | UK£295.9m | 50.5x | 42.3x | 5.6x |
| Tue, 28 Nov 2023 | UK£12.5b | UK£2.2b | UK£296.0m | 48.9x | 42.1x | 5.6x |
| Thu, 26 Oct 2023 | UK£12.3b | UK£2.2b | UK£296.0m | 44.7x | 41.7x | 5.5x |
| Sat, 23 Sep 2023 | UK£12.9b | UK£2.2b | UK£296.9m | 59.3x | 43.6x | 5.8x |
| Mon, 21 Aug 2023 | UK£12.4b | UK£2.2b | UK£268.3m | 74.7x | 46.3x | 5.7x |
| Wed, 19 Jul 2023 | UK£13.4b | UK£2.2b | UK£275.3m | 65.3x | 48.7x | 6.2x |
| Fri, 16 Jun 2023 | UK£13.0b | UK£2.2b | UK£274.9m | 41.8x | 47.2x | 5.9x |
| Sun, 14 May 2023 | UK£12.9b | UK£2.2b | UK£274.3m | 44.6x | 46.9x | 5.9x |
| Tue, 11 Apr 2023 | UK£12.6b | UK£2.2b | UK£276.7m | 34.5x | 45.4x | 5.7x |
| Thu, 09 Mar 2023 | UK£12.8b | UK£2.0b | UK£266.8m | 38x | 47.9x | 6.3x |
| Sat, 04 Feb 2023 | UK£12.4b | UK£2.0b | UK£264.2m | 33.3x | 47.1x | 6.2x |
| Mon, 02 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 | 0.35% | |
| Tech | -0.39% | |
| Software | -1.01% | |
| Systems Software | 1.14% | |
| Application Software | -1.02% | |
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 | 4.8% +UK£65.6k | -32.3% | PS0.4x |