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New Zealand (NZX) Tech Sector Analysis

UpdatedAug 04, 2026
DataAggregated Company Financials
Companies10
  • 7D1.6%
  • 3M2.9%
  • 1Y-42.4%
  • YTD-33.6%

Over the last 7 days, the Tech industry has risen 1.6%, and Vista Group International contributed the most with a gain of 6.6%. However, the industry is down 42% over the past year. As for the next few years, earnings are expected to grow by 45% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Aug 2026NZ$1.7bNZ$807.8m-NZ$171,701,511.0022x-10x2.1x
Fri, 03 Jul 2026NZ$1.7bNZ$807.8m-NZ$171,701,511.0023.6x-10.1x2.1x
Sun, 31 May 2026NZ$1.8bNZ$807.8m-NZ$171,701,511.0022x-10.5x2.2x
Tue, 28 Apr 2026NZ$2.2bNZ$915.7m-NZ$162,861,965.00126.3x-13.4x2.4x
Thu, 26 Mar 2026NZ$2.2bNZ$915.7m-NZ$162,861,965.00124.5x-13.4x2.4x
Sat, 21 Feb 2026NZ$2.4bNZ$917.4m-NZ$161,019,417.7438.8x-14.8x2.6x
Mon, 19 Jan 2026NZ$2.8bNZ$917.3m-NZ$160,976,174.8045.6x-17.6x3.1x
Wed, 17 Dec 2025NZ$2.7bNZ$910.3m-NZ$158,866,706.0044x-17x3x
Fri, 14 Nov 2025NZ$2.7bNZ$866.3m-NZ$32,451,685.0080.1x-83.3x3.1x
Sun, 12 Oct 2025NZ$3.1bNZ$866.3m-NZ$32,451,685.0089.9x-96.6x3.6x
Tue, 09 Sep 2025NZ$3.2bNZ$866.4m-NZ$32,224,685.0091.6x-98.4x3.7x
Thu, 07 Aug 2025NZ$3.1bNZ$858.9m-NZ$32,189,685.0053.4x-95x3.6x
Sat, 05 Jul 2025NZ$3.3bNZ$858.9m-NZ$32,189,685.0067.3x-102.1x3.8x
Mon, 02 Jun 2025NZ$3.2bNZ$858.9m-NZ$32,189,685.0063.8x-99.2x3.7x
Wed, 30 Apr 2025NZ$3.0bNZ$830.6m-NZ$29,294,044.0015.4x-102.2x3.6x
Fri, 28 Mar 2025NZ$3.0bNZ$830.7m-NZ$29,294,044.0015.8x-102.6x3.6x
Sun, 23 Feb 2025NZ$3.1bNZ$818.0m-NZ$36,762,044.0070x-84.6x3.8x
Tue, 21 Jan 2025NZ$3.0bNZ$818.0m-NZ$36,762,044.0071.2x-82.9x3.7x
Thu, 19 Dec 2024NZ$3.1bNZ$818.0m-NZ$36,762,044.0072.7x-83x3.7x
Sat, 16 Nov 2024NZ$2.8bNZ$802.7m-NZ$29,954,615.0033.8x-93.3x3.5x
Mon, 14 Oct 2024NZ$2.8bNZ$797.0m-NZ$32,010,615.0034.8x-87.4x3.5x
Wed, 11 Sep 2024NZ$2.9bNZ$797.1m-NZ$31,881,615.0047.3x-89.5x3.6x
Fri, 09 Aug 2024NZ$2.7bNZ$797.7m-NZ$43,400,615.0039.8x-62.3x3.4x
Sun, 07 Jul 2024NZ$2.6bNZ$797.7m-NZ$43,400,615.0039.8x-59.6x3.2x
Tue, 04 Jun 2024NZ$2.4bNZ$804.2m-NZ$43,688,398.0040.3x-55.9x3x
Thu, 02 May 2024NZ$2.2bNZ$801.6m-NZ$44,547,398.0028.4x-49.8x2.8x
Sat, 30 Mar 2024NZ$2.4bNZ$801.6m-NZ$44,547,398.0034.9x-54.5x3x
Mon, 26 Feb 2024NZ$2.3bNZ$800.6m-NZ$47,507,398.0037.8x-48.6x2.9x
Wed, 24 Jan 2024NZ$2.1bNZ$804.3m-NZ$53,647,398.0035.8x-39.3x2.6x
Fri, 22 Dec 2023NZ$2.2bNZ$804.3m-NZ$53,647,398.0036.1x-40.8x2.7x
Sun, 19 Nov 2023NZ$1.8bNZ$797.6m-NZ$43,077,466.006.9x-42.9x2.3x
Tue, 17 Oct 2023NZ$1.9bNZ$797.6m-NZ$43,077,466.007.1x-43.8x2.4x
Thu, 14 Sep 2023NZ$1.8bNZ$797.5m-NZ$44,351,466.007.4x-39.7x2.2x
Sat, 12 Aug 2023NZ$1.9bNZ$788.2m-NZ$47,453,466.009.6x-39.8x2.4x
Price to Earnings Ratio

-39.8x


Total Market Cap: NZ$1.9bTotal Earnings: -NZ$47,453,466.00Total Revenue: NZ$788.2mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Tech Sector Price to Earnings3Y Average -58.8x202420252026
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 3.0x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have deteriorated over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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-0.55%
Tech1.64%
Software2.33%
IT0%0
Electronic Equipment and Components-0.48%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 72% over the next 5 years.
    • In contrast, the Software industry is expected to see its earnings grow by 36% 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
    		VGL Vista Group InternationalNZ$2.586.6%
    +NZ$38.3m    		-26.3%PE324.9x
    		GTK Gentrack GroupNZ$3.858.5%
    +NZ$33.7m    		-60.6%PE23x
    		SKO SerkoNZ$1.5820.2%
    +NZ$32.8m    		-44.3%PS1.6x
    		ERD EROADNZ$1.043.0%
    +NZ$5.7m    		-31.6%PS1x
    		LOC Locate TechnologiesNZ$0.0513.6%
    +NZ$1.8m    		n/aPS2.1x

    Latest News

    IKE
    NZ$1.13
    ikeGPS Group
    7D
    -4.2%
    1Y
    13.0%
    VGL
    NZ$2.58
    Vista Group International
    7D
    6.6%
    1Y
    -26.3%
    SKO
    NZ$1.58
    Serko
    7D
    20.2%
    1Y
    -44.3%
    Analysis Article • Jul 30

    Companies Like Serko (NZSE:SKO) Can Afford To Invest In Growth

    There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com...
    GTK
    NZ$3.85
    Gentrack Group
    7D
    8.5%
    1Y
    -60.6%
    Narrative Update • Jul 24

    GTK: Recurring Revenue Outlook Will Support Higher Future Earnings Multiple

    Analysts have reduced their price target for Gentrack Group to NZ$7.43 from NZ$14.50, citing updated assumptions for revenue growth, profit margins, and a higher expected future P/E multiple. What's in the News for Gentrack Group Gentrack Group issued revised earnings guidance for fiscal year 2026, now expecting revenue between $229 million and $238 million.
    TWL
    NZ$0.14
    Trade Window Holdings
    7D
    -17.5%
    1Y
    -29.5%
    LOC
    NZ$0.05
    Locate Technologies
    7D
    13.6%
    1Y
    n/a
    ERD
    NZ$1.04
    EROAD
    7D
    3.0%
    1Y
    -31.6%
    SDL
    NZ$0.58
    Solution Dynamics
    7D
    -0.8%
    1Y
    4.5%