Analysis Article • 13h
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- 7D-4.1%
- 3M-40.2%
- 1Y-52.4%
- YTD-35.7%
Over the last 7 days, the Software industry has dropped 4.1%, driven by Z.AI declining 3.5%. On the other hand Kingdee International Software Group is actually up 8.5%. However, the industry is down 52% over the past year. Earnings are forecast to grow by 64% 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 |
|---|---|---|---|---|---|---|
| Sat, 29 Aug 2026 | HK$481.0b | HK$95.3b | -HK$37,745,169,666.81 | 26.8x | -12.7x | 5x |
| Mon, 27 Jul 2026 | HK$345.0b | HK$89.4b | -HK$26,621,039,310.41 | 26.3x | -13x | 3.9x |
| Wed, 24 Jun 2026 | HK$417.3b | HK$88.2b | -HK$25,611,548,795.12 | 30x | -16.3x | 4.7x |
| Fri, 22 May 2026 | HK$435.4b | HK$82.9b | -HK$25,732,403,491.12 | 28.1x | -16.9x | 5.3x |
| Sun, 19 Apr 2026 | HK$494.5b | HK$82.7b | -HK$25,663,308,673.89 | 28.2x | -19.3x | 6x |
| Tue, 17 Mar 2026 | HK$383.6b | HK$68.7b | -HK$8,119,615,379.37 | 13.1x | -47.2x | 5.6x |
| Thu, 12 Feb 2026 | HK$435.8b | HK$68.4b | -HK$8,121,323,007.02 | 20x | -53.7x | 6.4x |
| Sat, 10 Jan 2026 | HK$455.1b | HK$67.5b | -HK$7,995,853,639.50 | 21.1x | -56.9x | 6.7x |
| Mon, 08 Dec 2025 | HK$395.5b | HK$65.9b | -HK$7,888,332,937.25 | 16.8x | -50.1x | 6x |
| Wed, 05 Nov 2025 | HK$422.5b | HK$67.1b | -HK$8,573,923,303.51 | 21x | -49.3x | 6.3x |
| Fri, 03 Oct 2025 | HK$493.5b | HK$67.2b | -HK$8,614,010,422.22 | 21.8x | -57.3x | 7.3x |
| Sun, 31 Aug 2025 | HK$426.4b | HK$64.7b | -HK$7,517,390,749.73 | 26.5x | -56.7x | 6.6x |
| Tue, 29 Jul 2025 | HK$358.5b | HK$62.5b | -HK$10,603,606,636.91 | 24.8x | -33.8x | 5.7x |
| Thu, 26 Jun 2025 | HK$322.2b | HK$62.5b | -HK$10,563,682,978.74 | 26.8x | -30.5x | 5.2x |
| Sat, 24 May 2025 | HK$306.2b | HK$62.8b | -HK$10,654,754,552.56 | 26.6x | -28.7x | 4.9x |
| Mon, 21 Apr 2025 | HK$264.1b | HK$61.4b | -HK$10,386,134,863.02 | 26.3x | -25.4x | 4.3x |
| Wed, 19 Mar 2025 | HK$247.8b | HK$58.5b | -HK$11,626,620,273.78 | 25.4x | -21.3x | 4.2x |
| Fri, 14 Feb 2025 | HK$237.1b | HK$59.0b | -HK$11,876,102,588.09 | 26.6x | -20x | 4x |
| Sun, 12 Jan 2025 | HK$184.9b | HK$59.0b | -HK$12,064,138,521.81 | 18.7x | -15.3x | 3.1x |
| Tue, 10 Dec 2024 | HK$240.2b | HK$63.3b | -HK$11,373,381,060.13 | 18.9x | -21.1x | 3.8x |
| Thu, 07 Nov 2024 | HK$199.5b | HK$63.7b | -HK$14,623,304,267.99 | 18.3x | -13.6x | 3.1x |
| Sat, 05 Oct 2024 | HK$217.6b | HK$63.2b | -HK$14,469,545,798.90 | 18.4x | -15x | 3.4x |
| Mon, 02 Sep 2024 | HK$146.2b | HK$62.4b | -HK$14,499,177,460.21 | 11.2x | -10.1x | 2.3x |
| Wed, 31 Jul 2024 | HK$121.9b | HK$58.6b | -HK$13,827,067,061.01 | 12.8x | -8.8x | 2.1x |
| Fri, 28 Jun 2024 | HK$144.8b | HK$58.4b | -HK$13,787,960,059.15 | 13.2x | -10.5x | 2.5x |
| Sun, 26 May 2024 | HK$152.1b | HK$58.7b | -HK$16,324,568,269.78 | 14x | -9.3x | 2.6x |
| Tue, 23 Apr 2024 | HK$106.6b | HK$58.5b | -HK$15,525,294,599.62 | 13.4x | -6.9x | 1.8x |
| Thu, 21 Mar 2024 | HK$116.2b | HK$54.8b | -HK$15,178,178,769.03 | 12x | -7.7x | 2.1x |
| Sat, 17 Feb 2024 | HK$103.4b | HK$55.9b | -HK$15,806,742,541.93 | 9.9x | -6.5x | 1.9x |
| Mon, 15 Jan 2024 | HK$152.7b | HK$63.9b | -HK$15,208,853,238.00 | 9.8x | -10x | 2.4x |
| Wed, 13 Dec 2023 | HK$150.4b | HK$63.1b | -HK$15,272,336,182.00 | 12.4x | -9.8x | 2.4x |
| Fri, 10 Nov 2023 | HK$150.4b | HK$61.5b | -HK$9,181,999,447.00 | 11.9x | -16.4x | 2.4x |
| Sun, 08 Oct 2023 | HK$130.7b | HK$53.3b | -HK$9,666,264,547.00 | 12.5x | -13.5x | 2.5x |
| Tue, 05 Sep 2023 | HK$162.7b | HK$53.5b | -HK$9,723,444,868.00 | 15.1x | -16.7x | 3x |
Price to Earnings Ratio
-16.7x
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 4.1x is lower than the industry's current PS ratio of 5.0x.
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 21% 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 | -0.095% | |
| Tech | 0.66% | |
| Software | -4.09% | |
| Application Software | -0.72% | |
| Systems Software | -10.06% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 66% over the next 5 years.
- This is better than its past earnings decline of 23% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 58% 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 | |
|---|---|---|---|---|---|
| 268 Kingdee International Software Group | HK$8.95 | 8.5% +HK$2.5b | -45.1% | PE110x | |
| 2556 Marketingforce Management | HK$55.95 | 10.0% +HK$1.4b | -1.1% | PE49.9x | |
| 3738 Vobile Group | HK$2.80 | 17.9% +HK$1.1b | -57.8% | PE36.4x | |
| 6687 JST Group | HK$15.72 | 11.3% +HK$672.3m | n/a | PS5x | |
| 6651 Beijing 51World Digital Twin Technology | HK$64.80 | 2.5% +HK$641.7m | n/a | PS55.1x |
