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New Zealand (NZX) Tech Sector Analysis

UpdatedJan 27, 2026
DataAggregated Company Financials
Companies11
  • 7D-3.1%
  • 3M-11.0%
  • 1Y-15.6%
  • YTD-2.5%

Over the last 7 days, the Tech industry has dropped 3.1%, driven by Vista Group International declining 9.5%. Overall the industry is down 16% in 12 months. As for the next few years, earnings are expected to grow by 53% per annum.

Sector Valuation and Performance

Has the New Zealand Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Jan 2026NZ$2.7bNZ$917.3m-NZ$160,972,058.2643.1x-16.9x3x
Fri, 26 Dec 2025NZ$2.7bNZ$917.2m-NZ$160,950,194.3443.4x-16.7x2.9x
Sun, 23 Nov 2025NZ$2.6bNZ$888.6m-NZ$179,556,685.0039.2x-14.4x2.9x
Tue, 21 Oct 2025NZ$2.9bNZ$866.3m-NZ$32,451,685.0089.1x-88.6x3.3x
Thu, 18 Sep 2025NZ$3.2bNZ$866.4m-NZ$32,224,685.0092.2x-99.9x3.7x
Sat, 16 Aug 2025NZ$3.0bNZ$866.3m-NZ$31,289,685.0052.3x-96.8x3.5x
Mon, 14 Jul 2025NZ$3.2bNZ$858.9m-NZ$32,189,685.0065.8x-100.3x3.8x
Wed, 11 Jun 2025NZ$3.1bNZ$858.9m-NZ$32,189,685.0063.9x-97.2x3.6x
Fri, 09 May 2025NZ$3.1bNZ$830.6m-NZ$29,294,044.0015.4x-106.2x3.7x
Sun, 06 Apr 2025NZ$2.9bNZ$830.7m-NZ$29,294,044.0015.4x-100x3.5x
Tue, 04 Mar 2025NZ$3.1bNZ$830.7m-NZ$29,294,044.0018.6x-106.4x3.8x
Thu, 30 Jan 2025NZ$3.1bNZ$818.0m-NZ$36,762,044.0071.9x-84.1x3.8x
Sat, 28 Dec 2024NZ$3.0bNZ$818.0m-NZ$36,762,044.0070.2x-82.8x3.7x
Mon, 25 Nov 2024NZ$2.9bNZ$804.3m-NZ$30,215,615.0034.8x-95.2x3.6x
Wed, 23 Oct 2024NZ$2.7bNZ$797.0m-NZ$32,010,615.0035.8x-85.7x3.4x
Fri, 20 Sep 2024NZ$2.8bNZ$797.1m-NZ$31,881,615.0047.6x-87.1x3.5x
Sun, 18 Aug 2024NZ$2.9bNZ$797.6m-NZ$37,100,615.0040.3x-78.5x3.7x
Tue, 16 Jul 2024NZ$2.6bNZ$797.7m-NZ$43,400,615.0037.8x-60.7x3.3x
Thu, 13 Jun 2024NZ$2.4bNZ$797.7m-NZ$43,400,615.0038.3x-55.9x3x
Sat, 11 May 2024NZ$2.2bNZ$801.6m-NZ$44,547,398.0031x-49.6x2.8x
Mon, 08 Apr 2024NZ$2.4bNZ$801.6m-NZ$44,547,398.0034x-52.8x2.9x
Wed, 06 Mar 2024NZ$2.3bNZ$801.6m-NZ$44,547,398.0037.2x-50.6x2.8x
Fri, 02 Feb 2024NZ$2.2bNZ$804.3m-NZ$53,647,398.0038.1x-41.1x2.7x
Sun, 31 Dec 2023NZ$2.2bNZ$804.3m-NZ$53,647,398.0036.4x-40.9x2.7x
Tue, 28 Nov 2023NZ$1.8bNZ$788.7m-NZ$46,115,936.0017.7x-39.4x2.3x
Thu, 26 Oct 2023NZ$1.8bNZ$797.6m-NZ$43,077,466.006.9x-41.7x2.3x
Sat, 23 Sep 2023NZ$1.8bNZ$797.5m-NZ$44,351,466.007.3x-40.5x2.3x
Mon, 21 Aug 2023NZ$1.9bNZ$788.2m-NZ$47,453,466.009.6x-39.6x2.4x
Wed, 19 Jul 2023NZ$1.9bNZ$788.2m-NZ$47,453,466.0010x-40.3x2.4x
Fri, 16 Jun 2023NZ$1.8bNZ$788.2m-NZ$47,453,466.0010.7x-37.2x2.2x
Sun, 14 May 2023NZ$1.5bNZ$707.7m-NZ$63,284,090.009.7x-23x2.1x
Tue, 11 Apr 2023NZ$1.4bNZ$712.3m-NZ$64,052,090.008.9x-22.3x2x
Thu, 09 Mar 2023NZ$3.2bNZ$1.1b-NZ$21,032,011.0025.8x-152.7x2.9x
Sat, 04 Feb 2023NZ$3.4bNZ$1.1b-NZ$19,809,722.0027x-172.3x3.2x
Price to Earnings Ratio

-172.3x


Total Market Cap: NZ$3.4bTotal Earnings: -NZ$19,809,722.00Total Revenue: NZ$1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Tech Sector Price to Earnings3Y Average -68.4x202420252026
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 5.3% 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-0.79%
Tech-3.10%
IT0%0
Electronic Equipment and Components-1.56%
Software-3.70%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 81% over the next 5 years.
    • In contrast, the Software industry is expected to see its earnings grow by 40% per year over the next few years.

    Top Stock Gainers and Losers

    Which companies have driven the market over the last 7 days?

    CompanyLast Price7D1YValuation
    		ERD EROADNZ$1.321.5%
    +NZ$3.8m    		22.2%PS1.3x
    		BPG Black Pearl GroupNZ$0.981.5%
    +NZ$1.4m    		-9.6%n/a
    		RAK RakonNZ$1.410.4%
    +NZ$1.1m    		151.8%PE205.3x
    		SDL Solution DynamicsNZ$0.772.7%
    +NZ$293.6k    		12.5%PE4.3x

    Latest News

    GTK
    NZ$7.85
    Gentrack Group
    7D
    -1.9%
    1Y
    -36.7%
    IKE
    NZ$1.06
    ikeGPS Group
    7D
    -4.9%
    1Y
    73.8%
    BPG
    NZ$0.98
    Black Pearl Group
    7D
    1.5%
    1Y
    -9.6%
    VGL
    NZ$1.99
    Vista Group International
    7D
    -9.5%
    1Y
    -37.4%

    VGL: Future Margin Stability Will Support Upside From Current Undervalued Share Price

    Analysts have nudged their price target on Vista Group International slightly higher to reflect small adjustments to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions. This results in a modestly higher implied equity value per share in their models.
    SKO
    NZ$2.95
    Serko
    7D
    -3.3%
    1Y
    -22.4%
    ERD
    NZ$1.32
    EROAD
    7D
    1.5%
    1Y
    22.2%
    RAK
    NZ$1.41
    Rakon
    7D
    0.4%
    1Y
    151.8%
    TWL
    NZ$0.30
    Trade Window Holdings
    7D
    -6.3%
    1Y
    42.9%
    ENS
    NZ$0.49
    Enprise Group
    7D
    -1.0%
    1Y
    -55.0%
    SDL
    NZ$0.77
    Solution Dynamics
    7D
    2.7%
    1Y
    12.5%