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 28, 2025
DataAggregated Company Financials
Companies3
- 7D1.7%
- 3M-13.9%
- 1Y-42.1%
- YTDn/a
In the last week, the Systems Software industry is up 1.7%, with Corero Network Security up 2.7%. However, the industry is down 42% over the past year. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Sun, 28 Dec 2025 | UK£81.9m | UK£55.9m | -UK£23,527,595.22 | n/a | -3.5x | 1.5x |
| Tue, 25 Nov 2025 | UK£85.9m | UK£56.7m | -UK£23,962,303.23 | n/a | -3.6x | 1.5x |
| Thu, 23 Oct 2025 | UK£90.8m | UK£60.5m | -UK£16,701,053.84 | 15.3x | -5.4x | 1.5x |
| Sat, 20 Sep 2025 | UK£95.7m | UK£60.3m | -UK£16,579,256.21 | 38x | -5.8x | 1.6x |
| Mon, 18 Aug 2025 | UK£101.0m | UK£59.6m | -UK£12,193,966.42 | 87.8x | -8.3x | 1.7x |
| Wed, 16 Jul 2025 | UK£161.7m | UK£83.2m | -UK£14,750,894.44 | 120.7x | -11x | 1.9x |
| Fri, 13 Jun 2025 | UK£177.4m | UK£313.2m | -UK£17,683,294.43 | 126.3x | -10x | 0.6x |
| Sun, 11 May 2025 | UK£206.1m | UK£335.1m | -UK£16,997,625.62 | 34.6x | -12.1x | 0.6x |
| Tue, 08 Apr 2025 | UK£172.7m | UK£335.4m | -UK£17,610,166.03 | 67.9x | -9.8x | 0.5x |
| Thu, 06 Mar 2025 | UK£185.3m | UK£312.5m | -UK£25,421,670.85 | 122.5x | -7.3x | 0.6x |
| Sat, 01 Feb 2025 | UK£175.1m | UK£329.1m | -UK£25,674,670.43 | 119.9x | -6.8x | 0.5x |
| Mon, 30 Dec 2024 | UK£192.2m | UK£328.5m | -UK£25,807,801.15 | 159.3x | -7.4x | 0.6x |
| Wed, 27 Nov 2024 | UK£184.0m | UK£327.9m | -UK£25,160,458.73 | 167.7x | -7.3x | 0.6x |
| Fri, 25 Oct 2024 | UK£209.1m | UK£331.2m | -UK£28,471,547.12 | 192.6x | -7.3x | 0.6x |
| Sun, 22 Sep 2024 | UK£3.9b | UK£803.4m | UK£56.2m | 45x | 70.2x | 4.9x |
| Tue, 20 Aug 2024 | UK£4.0b | UK£836.8m | UK£48.2m | 44.3x | 83.6x | 4.8x |
| Thu, 18 Jul 2024 | UK£4.0b | UK£844.5m | UK£42.2m | 43.5x | 94.6x | 4.7x |
| Sat, 15 Jun 2024 | UK£4.0b | UK£857.0m | UK£43.7m | 42.7x | 91.7x | 4.7x |
| Mon, 13 May 2024 | UK£4.1b | UK£863.8m | UK£44.4m | 43.4x | 92.2x | 4.7x |
| Wed, 10 Apr 2024 | UK£3.0b | UK£857.0m | UK£43.6m | 32x | 69.4x | 3.5x |
| Fri, 08 Mar 2024 | UK£2.7b | UK£855.1m | UK£34.0m | 27.8x | 78.5x | 3.1x |
| Sun, 04 Feb 2024 | UK£12.4b | UK£2.2b | UK£295.8m | 46.7x | 41.8x | 5.5x |
| Tue, 02 Jan 2024 | UK£12.5b | UK£2.2b | UK£295.9m | 50.4x | 42.3x | 5.6x |
| Thu, 30 Nov 2023 | UK£12.4b | UK£2.2b | UK£295.9m | 48.5x | 42x | 5.6x |
| Sat, 28 Oct 2023 | UK£12.4b | UK£2.2b | UK£296.0m | 44.8x | 41.7x | 5.5x |
| Mon, 25 Sep 2023 | UK£12.9b | UK£2.2b | UK£296.9m | 59.3x | 43.6x | 5.8x |
| Wed, 23 Aug 2023 | UK£12.4b | UK£2.2b | UK£268.3m | 74.7x | 46.2x | 5.7x |
| Fri, 21 Jul 2023 | UK£13.6b | UK£2.2b | UK£275.2m | 67.3x | 49.3x | 6.2x |
| Sun, 18 Jun 2023 | UK£13.2b | UK£2.2b | UK£275.1m | 41.9x | 48.1x | 6.1x |
| Tue, 16 May 2023 | UK£12.8b | UK£2.2b | UK£274.0m | 44.1x | 46.9x | 5.9x |
| Thu, 13 Apr 2023 | UK£12.6b | UK£2.2b | UK£276.5m | 34.4x | 45.4x | 5.7x |
| Sat, 11 Mar 2023 | UK£12.9b | UK£2.1b | UK£263.4m | 34.6x | 48.9x | 6.2x |
| Mon, 06 Feb 2023 | UK£12.4b | UK£2.0b | UK£264.2m | 33.3x | 47.1x | 6.2x |
| Wed, 04 Jan 2023 | UK£12.6b | UK£2.0b | UK£264.4m | 32.2x | 47.5x | 6.3x |
Price to Earnings Ratio
47.5x
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 |