Narrative Update • May 03
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New Zealand (NZX) Tech Sector Analysis
UpdatedMay 09, 2026
DataAggregated Company Financials
Companies11
- 7D-6.4%
- 3M-15.6%
- 1Y-35.5%
- YTD-25.6%
Over the last 7 days, the Tech industry has dropped 6.4%, driven by Gentrack Group declining 31%. In contrast, Vista Group International has gained 13%. Overall the industry is down 35% in 12 months. Earnings are forecast to grow by 52% annually.
Sector Valuation and Performance
Has the New Zealand Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 10 May 2026 | NZ$2.1b | NZ$915.7m | -NZ$162,861,965.00 | 123.5x | -12.7x | 2.3x |
| Tue, 07 Apr 2026 | NZ$2.2b | NZ$915.7m | -NZ$162,861,965.00 | 120.8x | -13.3x | 2.4x |
| Thu, 05 Mar 2026 | NZ$2.4b | NZ$915.9m | -NZ$161,855,472.54 | 126.8x | -14.8x | 2.6x |
| Sat, 31 Jan 2026 | NZ$2.6b | NZ$917.3m | -NZ$160,968,749.22 | 41.1x | -16.4x | 2.9x |
| Mon, 29 Dec 2025 | NZ$2.7b | NZ$917.2m | -NZ$160,957,664.63 | 43.4x | -16.7x | 2.9x |
| Wed, 26 Nov 2025 | NZ$2.8b | NZ$896.2m | -NZ$170,083,685.00 | 27x | -16.7x | 3.2x |
| Fri, 24 Oct 2025 | NZ$2.8b | NZ$866.3m | -NZ$32,451,685.00 | 83.2x | -86.9x | 3.3x |
| Sun, 21 Sep 2025 | NZ$3.2b | NZ$866.4m | -NZ$32,224,685.00 | 92x | -99.7x | 3.7x |
| Tue, 19 Aug 2025 | NZ$3.1b | NZ$866.3m | -NZ$31,289,685.00 | 53.5x | -98.4x | 3.6x |
| Thu, 17 Jul 2025 | NZ$3.2b | NZ$858.9m | -NZ$32,189,685.00 | 61.1x | -99x | 3.7x |
| Sat, 14 Jun 2025 | NZ$3.1b | NZ$858.9m | -NZ$32,189,685.00 | 61.2x | -95.9x | 3.6x |
| Mon, 12 May 2025 | NZ$3.1b | NZ$830.6m | -NZ$29,294,044.00 | 15.4x | -105x | 3.7x |
| Wed, 09 Apr 2025 | NZ$2.8b | NZ$830.7m | -NZ$29,294,044.00 | 15.4x | -96.5x | 3.4x |
| Fri, 07 Mar 2025 | NZ$3.1b | NZ$830.7m | -NZ$29,294,044.00 | 18x | -104.2x | 3.7x |
| Sun, 02 Feb 2025 | NZ$3.1b | NZ$818.0m | -NZ$36,762,044.00 | 73.5x | -85.4x | 3.8x |
| Tue, 31 Dec 2024 | NZ$3.1b | NZ$818.0m | -NZ$36,762,044.00 | 73x | -84.9x | 3.8x |
| Thu, 28 Nov 2024 | NZ$3.1b | NZ$837.0m | -NZ$28,269,615.00 | 32.3x | -107.9x | 3.6x |
| Sat, 26 Oct 2024 | NZ$2.6b | NZ$797.0m | -NZ$32,010,615.00 | 35.8x | -82.6x | 3.3x |
| Mon, 23 Sep 2024 | NZ$2.7b | NZ$797.1m | -NZ$31,881,615.00 | 47.1x | -86.3x | 3.4x |
| Wed, 21 Aug 2024 | NZ$2.9b | NZ$797.6m | -NZ$37,100,615.00 | 37.8x | -76.9x | 3.6x |
| Fri, 19 Jul 2024 | NZ$2.7b | NZ$797.7m | -NZ$43,400,615.00 | 37.3x | -63.2x | 3.4x |
| Sun, 16 Jun 2024 | NZ$2.5b | NZ$797.7m | -NZ$43,400,615.00 | 37.8x | -56.9x | 3.1x |
| Tue, 14 May 2024 | NZ$2.2b | NZ$801.6m | -NZ$44,547,398.00 | 24.8x | -48.8x | 2.7x |
| Thu, 11 Apr 2024 | NZ$2.3b | NZ$801.6m | -NZ$44,547,398.00 | 33.7x | -52.6x | 2.9x |
| Sat, 09 Mar 2024 | NZ$2.3b | NZ$801.6m | -NZ$44,547,398.00 | 38.1x | -50.8x | 2.8x |
| Mon, 05 Feb 2024 | NZ$2.2b | NZ$804.3m | -NZ$53,647,398.00 | 38.7x | -41.5x | 2.8x |
| Wed, 03 Jan 2024 | NZ$2.2b | NZ$804.3m | -NZ$53,647,398.00 | 36.4x | -40.9x | 2.7x |
| Fri, 01 Dec 2023 | NZ$1.9b | NZ$804.0m | -NZ$54,257,744.00 | 18x | -34.7x | 2.3x |
| Sun, 29 Oct 2023 | NZ$1.8b | NZ$797.6m | -NZ$43,077,466.00 | 6.8x | -40.7x | 2.2x |
| Tue, 26 Sep 2023 | NZ$1.8b | NZ$797.5m | -NZ$44,351,466.00 | 7.2x | -41.3x | 2.3x |
| Thu, 24 Aug 2023 | NZ$1.9b | NZ$788.2m | -NZ$47,453,466.00 | 9.7x | -39.8x | 2.4x |
| Sat, 22 Jul 2023 | NZ$1.9b | NZ$788.2m | -NZ$47,453,466.00 | 10.1x | -40.4x | 2.4x |
| Mon, 19 Jun 2023 | NZ$1.8b | NZ$788.2m | -NZ$47,453,466.00 | 10.5x | -38x | 2.3x |
| Wed, 17 May 2023 | NZ$1.5b | NZ$707.7m | -NZ$63,284,090.00 | 9.5x | -23x | 2.1x |
Price to Earnings Ratio
-23x
Current Industry PE
- Investors are pessimistic on the New Zealander Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 3.1x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 9.0% 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 New Zealand Tech sector?
| NZ Market | 0.68% | |
| Tech | -6.38% | |
| Electronic Equipment and Components | 1.59% | |
| IT | 0% | 0 |
| Software | -10.61% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 74% over the next 5 years.
- In contrast, the Software industry is expected to see its earnings grow by 37% 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 | |
|---|---|---|---|---|---|
| VGL Vista Group International | NZ$2.12 | 12.8% +NZ$57.4m | -39.1% | PE267x | |
| ERD EROAD | NZ$1.02 | 6.8% +NZ$12.2m | 15.9% | PS1x | |
| TWL Trade Window Holdings | NZ$0.20 | 11.7% +NZ$3.4m | 14.3% | PS3.7x | |
| LOC Locate Technologies | NZ$0.036 | 33.3% +NZ$2.7m | n/a | PS1.5x |