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New Zealand (NZX) Tech Sector Analysis

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies11
  • 7D0.8%
  • 3M-14.1%
  • 1Y-16.5%
  • YTD-16.5%

The Tech industry is up 1.7% in the last week, with Vista Group International up 4.8%. However, the industry is down 16% over the past year. 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
Mon, 29 Dec 2025NZ$2.7bNZ$917.2m-NZ$160,957,664.6343.4x-16.7x2.9x
Wed, 26 Nov 2025NZ$2.8bNZ$896.2m-NZ$170,083,685.0027x-16.7x3.2x
Fri, 24 Oct 2025NZ$2.8bNZ$866.3m-NZ$32,451,685.0083.2x-86.9x3.3x
Sun, 21 Sep 2025NZ$3.2bNZ$866.4m-NZ$32,224,685.0092x-99.7x3.7x
Tue, 19 Aug 2025NZ$3.1bNZ$866.3m-NZ$31,289,685.0053.5x-98.4x3.6x
Thu, 17 Jul 2025NZ$3.2bNZ$858.9m-NZ$32,189,685.0061.1x-99x3.7x
Sat, 14 Jun 2025NZ$3.1bNZ$858.9m-NZ$32,189,685.0061.2x-95.9x3.6x
Mon, 12 May 2025NZ$3.1bNZ$830.6m-NZ$29,294,044.0015.4x-105x3.7x
Wed, 09 Apr 2025NZ$2.8bNZ$830.7m-NZ$29,294,044.0015.4x-96.5x3.4x
Fri, 07 Mar 2025NZ$3.1bNZ$830.7m-NZ$29,294,044.0018x-104.2x3.7x
Sun, 02 Feb 2025NZ$3.1bNZ$818.0m-NZ$36,762,044.0073.5x-85.4x3.8x
Tue, 31 Dec 2024NZ$3.1bNZ$818.0m-NZ$36,762,044.0073x-84.9x3.8x
Thu, 28 Nov 2024NZ$3.1bNZ$837.0m-NZ$28,269,615.0032.3x-107.9x3.6x
Sat, 26 Oct 2024NZ$2.6bNZ$797.0m-NZ$32,010,615.0035.8x-82.6x3.3x
Mon, 23 Sep 2024NZ$2.7bNZ$797.1m-NZ$31,881,615.0047.1x-86.3x3.4x
Wed, 21 Aug 2024NZ$2.9bNZ$797.6m-NZ$37,100,615.0037.8x-76.9x3.6x
Fri, 19 Jul 2024NZ$2.7bNZ$797.7m-NZ$43,400,615.0037.3x-63.2x3.4x
Sun, 16 Jun 2024NZ$2.5bNZ$797.7m-NZ$43,400,615.0037.8x-56.9x3.1x
Tue, 14 May 2024NZ$2.2bNZ$801.6m-NZ$44,547,398.0024.8x-48.8x2.7x
Thu, 11 Apr 2024NZ$2.3bNZ$801.6m-NZ$44,547,398.0033.7x-52.6x2.9x
Sat, 09 Mar 2024NZ$2.3bNZ$801.6m-NZ$44,547,398.0038.1x-50.8x2.8x
Mon, 05 Feb 2024NZ$2.2bNZ$804.3m-NZ$53,647,398.0038.7x-41.5x2.8x
Wed, 03 Jan 2024NZ$2.2bNZ$804.3m-NZ$53,647,398.0036.4x-40.9x2.7x
Fri, 01 Dec 2023NZ$1.9bNZ$804.0m-NZ$54,257,744.0018x-34.7x2.3x
Sun, 29 Oct 2023NZ$1.8bNZ$797.6m-NZ$43,077,466.006.8x-40.7x2.2x
Tue, 26 Sep 2023NZ$1.8bNZ$797.5m-NZ$44,351,466.007.2x-41.3x2.3x
Thu, 24 Aug 2023NZ$1.9bNZ$788.2m-NZ$47,453,466.009.7x-39.8x2.4x
Sat, 22 Jul 2023NZ$1.9bNZ$788.2m-NZ$47,453,466.0010.1x-40.4x2.4x
Mon, 19 Jun 2023NZ$1.8bNZ$788.2m-NZ$47,453,466.0010.5x-38x2.3x
Wed, 17 May 2023NZ$1.5bNZ$707.7m-NZ$63,284,090.009.5x-23x2.1x
Fri, 14 Apr 2023NZ$1.4bNZ$712.3m-NZ$64,052,090.009x-22.2x2x
Sun, 12 Mar 2023NZ$3.2bNZ$1.1b-NZ$20,715,426.0024.4x-153.1x2.8x
Tue, 07 Feb 2023NZ$3.4bNZ$1.1b-NZ$18,967,776.0026.5x-179x3.1x
Thu, 05 Jan 2023NZ$3.3bNZ$1.1b-NZ$18,940,096.0026.7x-171.8x3x
Price to Earnings Ratio

-171.8x


Total Market Cap: NZ$3.3bTotal Earnings: -NZ$18,940,096.00Total Revenue: NZ$1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Tech Sector Price to Earnings3Y Average -72.6x20242025
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 5.6% 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 Market0.46%
Tech0.84%
Electronic Equipment and Components0.93%
Software0.81%
IT0%0
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 43% 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$2.602.8%
    +NZ$16.7m    		-17.2%PS3.9x
    		IKE ikeGPS GroupNZ$1.111.8%
    +NZ$3.9m    		98.2%PS8.3x
    		RAK RakonNZ$0.831.2%
    +NZ$2.3m    		36.1%PE120.8x
    		SDL Solution DynamicsNZ$0.686.3%
    +NZ$587.3k    		-3.6%PE3.8x

    Latest News

    RAK
    NZ$0.83
    Rakon
    7D
    1.2%
    1Y
    36.1%
    GTK
    NZ$8.38
    Gentrack Group
    7D
    -0.8%
    1Y
    -35.0%
    BPG
    NZ$0.96
    Black Pearl Group
    7D
    -4.0%
    1Y
    -17.9%
    VGL
    NZ$2.60
    Vista Group International
    7D
    2.8%
    1Y
    -17.2%

    VGL: Fair Future Outlook Will Balance Margin Gains And Higher Required Return

    Analysts have lowered their 12 month price target for Vista Group International by roughly 12 percent to reflect slightly softer revenue growth expectations and a higher required return, partially offset by a modestly improved profit margin outlook and a lower projected future price to earnings multiple. Valuation Changes The Fair Value Estimate has been reduced from 3.2 to 2.8, indicating a moderate downward revision to intrinsic value.
    ERD
    NZ$1.19
    EROAD
    7D
    -1.3%
    1Y
    4.9%

    Lacklustre Performance Is Driving EROAD Limited's (NZSE:ERD) 34% Price Drop

    Dec 12
    Lacklustre Performance Is Driving EROAD Limited's (NZSE:ERD) 34% Price Drop
    IKE
    NZ$1.11
    ikeGPS Group
    7D
    1.8%
    1Y
    98.2%
    SDL
    NZ$0.68
    Solution Dynamics
    7D
    6.3%
    1Y
    -3.6%