Analysis Article • Nov 21
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- 7D4.8%
- 3M16.6%
- 1Y6.3%
- YTD2.6%
The Software industry is up 4.3% in the last week, with TXT e-solutions up 12%. This takes the industry's 12 month performance to a gain of 5.4%. As for the next few years, earnings are expected to grow by 53% per annum.
Industry Valuation and Performance
Has the Italian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 May 2026 | €1.3b | €962.7m | €7.0m | 23.2x | 185.6x | 1.3x |
| Sat, 18 Apr 2026 | €1.3b | €918.6m | -€1,136,243.00 | 22x | -1109.7x | 1.4x |
| Mon, 16 Mar 2026 | €1.2b | €882.9m | €4.8m | 16.8x | 239.2x | 1.3x |
| Wed, 11 Feb 2026 | €1.2b | €847.3m | €364.2k | 20.6x | 3195.1x | 1.4x |
| Fri, 09 Jan 2026 | €1.4b | €893.8m | €8.0m | 21.7x | 178.4x | 1.6x |
| Sun, 07 Dec 2025 | €1.4b | €922.7m | €7.8m | 21.8x | 176.6x | 1.5x |
| Tue, 04 Nov 2025 | €1.3b | €896.0m | €2.6m | 23.4x | 507.5x | 1.5x |
| Thu, 02 Oct 2025 | €1.3b | €898.1m | €8.0m | 27.8x | 157.8x | 1.4x |
| Sat, 30 Aug 2025 | €1.2b | €877.0m | €4.2m | 26x | 290.9x | 1.4x |
| Mon, 28 Jul 2025 | €1.2b | €853.6m | €4.5m | 26.9x | 272.9x | 1.4x |
| Wed, 25 Jun 2025 | €1.2b | €853.6m | €4.5m | 25.4x | 267.5x | 1.4x |
| Fri, 23 May 2025 | €1.2b | €851.5m | €3.5m | 25.9x | 356.7x | 1.5x |
| Sun, 20 Apr 2025 | €1.1b | €819.4m | €3.4m | 24.9x | 333.1x | 1.4x |
| Tue, 18 Mar 2025 | €1.1b | €822.8m | €1.6m | 26x | 730.8x | 1.4x |
| Thu, 13 Feb 2025 | €1.2b | €800.6m | -€5,540,640.00 | 26.5x | -219.6x | 1.5x |
| Sat, 11 Jan 2025 | €1.2b | €800.6m | -€5,540,640.00 | 25.4x | -218.4x | 1.5x |
| Mon, 09 Dec 2024 | €1.3b | €895.8m | -€3,959,539.00 | 28.4x | -321.3x | 1.4x |
| Wed, 06 Nov 2024 | €1.2b | €858.7m | -€5,524,403.00 | 26.3x | -218.7x | 1.4x |
| Fri, 04 Oct 2024 | €1.2b | €854.5m | -€4,119,530.00 | 29x | -295.8x | 1.4x |
| Sun, 01 Sep 2024 | €1.3b | €838.1m | -€1,507,777.00 | 33.9x | -849.5x | 1.5x |
| Tue, 30 Jul 2024 | €1.2b | €842.3m | -€568,777.00 | 29.7x | -2151.4x | 1.5x |
| Thu, 27 Jun 2024 | €1.1b | €795.9m | -€4,810,516.00 | 31.3x | -219.6x | 1.3x |
| Sat, 25 May 2024 | €1.1b | €795.1m | -€2,787,210.00 | 37.9x | -386.6x | 1.4x |
| Mon, 22 Apr 2024 | €1.0b | €800.4m | -€8,172,514.00 | 29.5x | -125.5x | 1.3x |
| Wed, 20 Mar 2024 | €1.1b | €813.8m | -€8,715,189.00 | 27.7x | -123.1x | 1.3x |
| Fri, 16 Feb 2024 | €1.0b | €813.5m | €5.3m | 27.6x | 194.1x | 1.3x |
| Sun, 14 Jan 2024 | €1.3b | €863.5m | €17.6m | 28.1x | 74x | 1.5x |
| Tue, 12 Dec 2023 | €1.2b | €856.9m | €18.7m | 26.4x | 65.3x | 1.4x |
| Thu, 09 Nov 2023 | €1.2b | €833.9m | €18.3m | 26.9x | 65.8x | 1.4x |
| Sat, 07 Oct 2023 | €1.2b | €834.0m | €18.3m | 25.4x | 68.1x | 1.5x |
| Mon, 04 Sep 2023 | €1.4b | €811.1m | €14.9m | 40.2x | 91.6x | 1.7x |
| Wed, 02 Aug 2023 | €1.4b | €781.8m | €11.3m | 42.6x | 123.1x | 1.8x |
| Fri, 30 Jun 2023 | €1.4b | €780.6m | €11.6m | 46.3x | 121x | 1.8x |
| Sun, 28 May 2023 | €1.4b | €781.5m | €12.5m | 43.3x | 111x | 1.8x |
Price to Earnings Ratio
111x
Current Industry PE
- Investors are optimistic on the Italian Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 200x which is higher than its 3-year average PE of 89.6x.
- The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 20% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.2% 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 decreased profits.
Industry Trends
Which industries have driven the changes within the Italian Tech industry?
| IT Market | -0.33% | |
| Tech | 34.93% | |
| Software | 4.81% | |
| Application Software | 5.39% | |
| Systems Software | 1.90% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 78.2x.
- Analysts are expecting annual earnings growth of 43.0%, which is higher than its past year's earnings growth of 23.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 103% over the next 5 years.
- In contrast, the Application Software industry is expected to see its earnings grow by 43% 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 | |
|---|---|---|---|---|---|
| TXT TXT e-solutions | €35.55 | 11.8% +€47.5m | -1.1% | PE19.2x | |
| SYS SYS-DAT | €5.50 | 8.3% +€13.1m | -15.4% | PE23.2x | |
| CY4 Cy4gate | €8.58 | 2.1% +€4.2m | 77.6% | PS1.6x | |
| MAPS Maps | €2.50 | 7.3% +€2.3m | -30.6% | PE58.2x | |
| DOX Doxee | €4.60 | 1.3% +€694.1k | 149.3% | PE152x |