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New Zealand (NZX) Tech Sector Analysis
UpdatedJan 12, 2026
DataAggregated Company Financials
Companies11
- 7D-0.3%
- 3M-13.7%
- 1Y-15.8%
- YTD-1.3%
Over the last 7 days, the Tech industry has remained flat, although notably Rakon gained 55%. As for the longer term, the industry has declined 16% in the last year. As for the next few years, earnings are expected to grow by 52% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 13 Jan 2026 | NZ$2.9b | NZ$917.3m | -NZ$160,981,971.39 | 46.7x | -17.9x | 3.1x |
| Thu, 11 Dec 2025 | NZ$2.8b | NZ$910.3m | -NZ$158,866,706.00 | 48.7x | -17.4x | 3x |
| Sat, 08 Nov 2025 | NZ$2.7b | NZ$866.3m | -NZ$32,451,685.00 | 81.4x | -84.2x | 3.2x |
| Mon, 06 Oct 2025 | NZ$3.1b | NZ$866.4m | -NZ$32,224,685.00 | 89.1x | -95.6x | 3.6x |
| Wed, 03 Sep 2025 | NZ$3.0b | NZ$866.5m | -NZ$32,224,685.00 | 89.5x | -94.3x | 3.5x |
| Fri, 01 Aug 2025 | NZ$3.1b | NZ$858.9m | -NZ$32,189,685.00 | 55.4x | -96.6x | 3.6x |
| Sun, 29 Jun 2025 | NZ$3.2b | NZ$858.9m | -NZ$32,189,685.00 | 66x | -98.8x | 3.7x |
| Tue, 27 May 2025 | NZ$3.0b | NZ$856.6m | -NZ$35,582,044.00 | 15.2x | -84.3x | 3.5x |
| Thu, 24 Apr 2025 | NZ$2.9b | NZ$830.6m | -NZ$29,294,044.00 | 15.4x | -98.7x | 3.5x |
| Sat, 22 Mar 2025 | NZ$3.1b | NZ$830.7m | -NZ$29,294,044.00 | 17x | -104.6x | 3.7x |
| Mon, 17 Feb 2025 | NZ$3.1b | NZ$818.0m | -NZ$36,762,044.00 | 71.3x | -85.3x | 3.8x |
| Wed, 15 Jan 2025 | NZ$3.0b | NZ$818.0m | -NZ$36,762,044.00 | 68x | -82.2x | 3.7x |
| Fri, 13 Dec 2024 | NZ$3.1b | NZ$818.0m | -NZ$36,762,044.00 | 74.5x | -85.1x | 3.8x |
| Sun, 10 Nov 2024 | NZ$2.8b | NZ$802.7m | -NZ$29,954,615.00 | 34.3x | -92.3x | 3.4x |
| Tue, 08 Oct 2024 | NZ$2.7b | NZ$797.0m | -NZ$32,010,615.00 | 31.8x | -85.9x | 3.5x |
| Thu, 05 Sep 2024 | NZ$2.8b | NZ$797.1m | -NZ$31,881,615.00 | 45.6x | -88.4x | 3.5x |
| Sat, 03 Aug 2024 | NZ$2.7b | NZ$797.7m | -NZ$43,400,615.00 | 44.4x | -62.9x | 3.4x |
| Mon, 01 Jul 2024 | NZ$2.5b | NZ$797.7m | -NZ$43,400,615.00 | 35.3x | -57.4x | 3.1x |
| Wed, 29 May 2024 | NZ$2.4b | NZ$822.9m | -NZ$42,593,398.00 | 25.7x | -56.9x | 2.9x |
| Fri, 26 Apr 2024 | NZ$2.3b | NZ$801.6m | -NZ$44,547,398.00 | 32.8x | -50.7x | 2.8x |
| Sun, 24 Mar 2024 | NZ$2.3b | NZ$801.6m | -NZ$44,547,398.00 | 35.5x | -52.2x | 2.9x |
| Tue, 20 Feb 2024 | NZ$2.3b | NZ$801.2m | -NZ$47,523,398.00 | 36.9x | -47.8x | 2.8x |
| Thu, 18 Jan 2024 | NZ$2.1b | NZ$804.3m | -NZ$53,647,398.00 | 36.4x | -40x | 2.7x |
| Sat, 16 Dec 2023 | NZ$2.1b | NZ$804.3m | -NZ$53,647,398.00 | 34.3x | -39.9x | 2.7x |
| Mon, 13 Nov 2023 | NZ$1.8b | NZ$797.6m | -NZ$43,077,466.00 | 7x | -42.6x | 2.3x |
| Wed, 11 Oct 2023 | NZ$1.8b | NZ$797.6m | -NZ$43,077,466.00 | 6.9x | -42.5x | 2.3x |
| Fri, 08 Sep 2023 | NZ$1.8b | NZ$797.5m | -NZ$44,351,466.00 | 7.4x | -40.3x | 2.2x |
| Sun, 06 Aug 2023 | NZ$1.9b | NZ$788.2m | -NZ$47,453,466.00 | 9.6x | -40.5x | 2.4x |
| Tue, 04 Jul 2023 | NZ$1.9b | NZ$788.2m | -NZ$47,453,466.00 | 10.1x | -39.1x | 2.4x |
| Thu, 01 Jun 2023 | NZ$1.7b | NZ$789.3m | -NZ$50,714,090.00 | 11x | -32.8x | 2.1x |
| Sat, 29 Apr 2023 | NZ$1.5b | NZ$712.3m | -NZ$64,052,090.00 | 9.6x | -22.6x | 2x |
| Mon, 27 Mar 2023 | NZ$1.4b | NZ$712.3m | -NZ$64,052,090.00 | 9.2x | -22.6x | 2x |
| Wed, 22 Feb 2023 | NZ$3.3b | NZ$1.1b | -NZ$18,483,369.00 | 26.3x | -179x | 3x |
| Fri, 20 Jan 2023 | NZ$3.3b | NZ$1.1b | -NZ$19,555,985.00 | 26.9x | -169.2x | 3x |
Price to Earnings Ratio
-169.2x
Current Industry PE
- Investors are relatively neutral on the New Zealander Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have deteriorated over the last three years.
- Revenues have also declined 5.4% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Trends
Which industries have driven the changes within the New Zealand Tech sector?
| NZ Market | 1.09% | |
| Tech | -0.31% | |
| Electronic Equipment and Components | 2.86% | |
| IT | 0% | 0 |
| Software | -1.26% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 82% over the next 5 years.
- In contrast, the Software industry is expected to see its earnings grow by 42% 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 | |
|---|---|---|---|---|---|
| RAK Rakon | NZ$1.36 | 54.5% +NZ$109.3m | 119.4% | PE198x | |
| GTK Gentrack Group | NZ$8.67 | 2.6% +NZ$24.7m | -26.5% | PE46.7x | |
| SKO Serko | NZ$3.21 | 4.2% +NZ$16.1m | -14.4% | PS3.7x | |
| IKE ikeGPS Group | NZ$1.10 | 0.9% +NZ$1.9m | 100.0% | PS8.3x |
