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- 7D-7.1%
- 3M-19.5%
- 1Y-11.5%
- YTD-21.0%
Over the last 7 days, the Software industry has dropped 7.6%, driven by SenseTime Group declining 7.3%. In contrast, Knowledge Atlas Technology has gained 5.4%. However, the industry is down 15% over the past year. Earnings are forecast to grow by 73% annually.
Industry Valuation and Performance
Has the Hong Kong Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Mar 2026 | HK$378.2b | HK$74.8b | -HK$19,575,307,110.52 | 20.4x | -19.3x | 5.1x |
| Fri, 20 Feb 2026 | HK$452.4b | HK$68.3b | -HK$8,111,221,086.20 | 19.7x | -55.8x | 6.6x |
| Sun, 18 Jan 2026 | HK$478.3b | HK$67.7b | -HK$8,007,525,494.96 | 21.5x | -59.7x | 7.1x |
| Tue, 16 Dec 2025 | HK$389.0b | HK$66.0b | -HK$7,916,415,983.25 | 15.9x | -49.1x | 5.9x |
| Thu, 13 Nov 2025 | HK$415.3b | HK$67.1b | -HK$8,583,066,547.46 | 19.1x | -48.4x | 6.2x |
| Sat, 11 Oct 2025 | HK$460.9b | HK$67.2b | -HK$8,596,716,123.23 | 20.3x | -53.6x | 6.9x |
| Mon, 08 Sep 2025 | HK$450.6b | HK$67.2b | -HK$8,634,597,398.98 | 22.6x | -52.2x | 6.7x |
| Wed, 06 Aug 2025 | HK$365.0b | HK$62.0b | -HK$10,735,455,268.67 | 28.2x | -34x | 5.9x |
| Fri, 04 Jul 2025 | HK$318.4b | HK$62.6b | -HK$10,623,643,409.53 | 28.1x | -30x | 5.1x |
| Sun, 01 Jun 2025 | HK$299.7b | HK$62.4b | -HK$10,627,057,141.22 | 26.9x | -28.2x | 4.8x |
| Tue, 29 Apr 2025 | HK$275.7b | HK$61.4b | -HK$10,381,783,906.64 | 25.4x | -26.6x | 4.5x |
| Thu, 27 Mar 2025 | HK$327.3b | HK$62.0b | -HK$13,299,182,260.74 | 27.3x | -24.6x | 5.3x |
| Sat, 22 Feb 2025 | HK$265.4b | HK$59.1b | -HK$11,910,743,216.83 | 34.8x | -22.3x | 4.5x |
| Mon, 20 Jan 2025 | HK$189.6b | HK$58.7b | -HK$11,818,065,228.95 | 23.1x | -16x | 3.2x |
| Wed, 18 Dec 2024 | HK$216.9b | HK$63.1b | -HK$11,335,434,391.10 | 19.6x | -19.1x | 3.4x |
| Fri, 15 Nov 2024 | HK$201.9b | HK$63.3b | -HK$14,504,603,621.26 | 18x | -13.9x | 3.2x |
| Sun, 13 Oct 2024 | HK$185.6b | HK$63.1b | -HK$14,447,405,299.45 | 16.9x | -12.8x | 2.9x |
| Tue, 10 Sep 2024 | HK$137.5b | HK$62.2b | -HK$14,443,376,298.40 | 10.8x | -9.5x | 2.2x |
| Thu, 08 Aug 2024 | HK$118.7b | HK$59.0b | -HK$13,958,306,241.54 | 12.8x | -8.5x | 2x |
| Sat, 06 Jul 2024 | HK$143.2b | HK$58.4b | -HK$13,796,609,011.72 | 13.9x | -10.4x | 2.5x |
| Mon, 03 Jun 2024 | HK$151.5b | HK$58.8b | -HK$16,342,186,026.83 | 14.3x | -9.3x | 2.6x |
| Wed, 01 May 2024 | HK$139.9b | HK$58.4b | -HK$15,504,874,297.69 | 14x | -9x | 2.4x |
| Fri, 29 Mar 2024 | HK$131.5b | HK$59.1b | -HK$16,553,988,949.33 | 9x | -7.9x | 2.2x |
| Sun, 25 Feb 2024 | HK$109.4b | HK$55.3b | -HK$15,641,890,693.76 | 9.9x | -7x | 2x |
| Tue, 23 Jan 2024 | HK$133.1b | HK$63.6b | -HK$15,141,294,294.00 | 11.3x | -8.8x | 2.1x |
| Thu, 21 Dec 2023 | HK$145.7b | HK$63.3b | -HK$15,339,272,317.00 | 11.4x | -9.5x | 2.3x |
| Sat, 18 Nov 2023 | HK$152.1b | HK$61.8b | -HK$9,221,301,681.00 | 13.2x | -16.5x | 2.5x |
| Mon, 16 Oct 2023 | HK$136.6b | HK$53.3b | -HK$9,655,427,048.00 | 12.5x | -14.1x | 2.6x |
| Wed, 13 Sep 2023 | HK$149.3b | HK$53.4b | -HK$9,682,687,884.00 | 15.5x | -15.4x | 2.8x |
| Fri, 11 Aug 2023 | HK$168.7b | HK$50.5b | -HK$10,527,679,119.00 | 22.1x | -16x | 3.3x |
| Sun, 09 Jul 2023 | HK$163.7b | HK$50.3b | -HK$10,638,735,487.00 | 16.8x | -15.4x | 3.3x |
| Tue, 06 Jun 2023 | HK$187.3b | HK$51.0b | -HK$10,824,972,770.00 | 16.3x | -17.3x | 3.7x |
| Thu, 04 May 2023 | HK$202.0b | HK$52.5b | -HK$11,642,554,799.00 | 16x | -17.3x | 3.8x |
| Sat, 01 Apr 2023 | HK$215.1b | HK$49.7b | -HK$10,703,241,552.00 | 14.2x | -20.1x | 4.3x |
Price to Earnings Ratio
-20.1x
Current Industry PE
- Investors are optimistic on the Hong Kong Software industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 5.2x.
Past Earnings Growth
- The earnings for companies in the Software industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 13% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | -2.68% | |
| Tech | -5.51% | |
| Software | -7.07% | |
| Application Software | -5.59% | |
| Systems Software | -17.64% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 140% over the next 5 years.
- However this is lower than its past earnings growth rate of 237% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 70% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2513 Knowledge Atlas Technology | HK$655.00 | 5.4% +HK$14.9b | n/a | PS561.2x | |
| 9678 Unisound AI Technology | HK$276.00 | 1.8% +HK$217.0m | n/a | PS10.5x | |
| 2121 AInnovation Technology Group | HK$4.85 | 6.8% +HK$172.1m | 19.8% | PS1.8x | |
| 418 Founder Holdings | HK$0.84 | 18.3% +HK$150.2m | 2.4% | PE26.7x | |
| 1588 Chanjet Information Technology | HK$7.38 | 7.7% +HK$146.2m | 8.7% | PE27.2x |