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New Zealand (NZX) Tech Sector Analysis
UpdatedJan 19, 2026
DataAggregated Company Financials
Companies11
- 7D3.1%
- 3M-5.2%
- 1Y-11.8%
- YTD1.7%
Over the last 7 days, the Tech industry has risen 3.1%, driven by gains from EROAD of 9.9%. During this same period, the Gentrack Group underperformed, falling 5.1%. However, the industry is down 12% over the past 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, 20 Jan 2026 | NZ$2.8b | NZ$917.3m | -NZ$160,976,174.80 | 45.6x | -17.6x | 3.1x |
| Thu, 18 Dec 2025 | NZ$2.7b | NZ$910.3m | -NZ$158,866,706.00 | 44.3x | -16.8x | 2.9x |
| Sat, 15 Nov 2025 | NZ$2.7b | NZ$866.3m | -NZ$32,451,685.00 | 76.3x | -82.4x | 3.1x |
| Mon, 13 Oct 2025 | NZ$3.1b | NZ$866.3m | -NZ$32,451,685.00 | 89.9x | -96.6x | 3.6x |
| Wed, 10 Sep 2025 | NZ$3.1b | NZ$866.4m | -NZ$32,224,685.00 | 90.8x | -97.2x | 3.6x |
| Fri, 08 Aug 2025 | NZ$3.1b | NZ$858.9m | -NZ$32,189,685.00 | 53.2x | -97x | 3.6x |
| Sun, 06 Jul 2025 | NZ$3.3b | NZ$858.9m | -NZ$32,189,685.00 | 67.3x | -102.1x | 3.8x |
| Tue, 03 Jun 2025 | NZ$3.2b | NZ$858.9m | -NZ$32,189,685.00 | 63.8x | -99.2x | 3.7x |
| Thu, 01 May 2025 | NZ$3.1b | NZ$830.6m | -NZ$29,294,044.00 | 15.4x | -104.2x | 3.7x |
| Sat, 29 Mar 2025 | NZ$3.1b | NZ$830.7m | -NZ$29,294,044.00 | 15.8x | -106.9x | 3.8x |
| Mon, 24 Feb 2025 | NZ$3.1b | NZ$818.0m | -NZ$36,762,044.00 | 70x | -84.6x | 3.8x |
| Wed, 22 Jan 2025 | NZ$3.0b | NZ$818.0m | -NZ$36,762,044.00 | 71.5x | -82.9x | 3.7x |
| Fri, 20 Dec 2024 | NZ$3.0b | NZ$818.0m | -NZ$36,762,044.00 | 73.2x | -82.5x | 3.7x |
| Sun, 17 Nov 2024 | NZ$2.7b | NZ$802.7m | -NZ$29,954,615.00 | 33.8x | -91.4x | 3.4x |
| Tue, 15 Oct 2024 | NZ$2.8b | NZ$797.0m | -NZ$32,010,615.00 | 34.8x | -87.4x | 3.5x |
| Thu, 12 Sep 2024 | NZ$2.8b | NZ$797.1m | -NZ$31,881,615.00 | 46.8x | -89.2x | 3.6x |
| Sat, 10 Aug 2024 | NZ$2.8b | NZ$797.6m | -NZ$37,100,615.00 | 39.8x | -74.8x | 3.5x |
| Mon, 08 Jul 2024 | NZ$2.6b | NZ$797.7m | -NZ$43,400,615.00 | 39.8x | -59.6x | 3.2x |
| Wed, 05 Jun 2024 | NZ$2.4b | NZ$800.7m | -NZ$43,400,615.00 | 38.3x | -55.9x | 3x |
| Fri, 03 May 2024 | NZ$2.2b | NZ$801.6m | -NZ$44,547,398.00 | 28.7x | -49.3x | 2.7x |
| Sun, 31 Mar 2024 | NZ$2.4b | NZ$801.6m | -NZ$44,547,398.00 | 34.9x | -54.5x | 3x |
| Tue, 27 Feb 2024 | NZ$2.3b | NZ$800.2m | -NZ$47,507,398.00 | 37.8x | -48.3x | 2.9x |
| Thu, 25 Jan 2024 | NZ$2.1b | NZ$804.3m | -NZ$53,647,398.00 | 37.5x | -40.1x | 2.7x |
| Sat, 23 Dec 2023 | NZ$2.2b | NZ$804.3m | -NZ$53,647,398.00 | 35.5x | -40.4x | 2.7x |
| Mon, 20 Nov 2023 | NZ$1.8b | NZ$814.6m | -NZ$30,511,466.00 | 6.9x | -60.6x | 2.3x |
| Wed, 18 Oct 2023 | NZ$1.9b | NZ$797.6m | -NZ$43,077,466.00 | 7.1x | -43.8x | 2.4x |
| Fri, 15 Sep 2023 | NZ$1.8b | NZ$797.5m | -NZ$44,351,466.00 | 7.3x | -39.6x | 2.2x |
| Sun, 13 Aug 2023 | NZ$1.9b | NZ$788.2m | -NZ$47,453,466.00 | 9.6x | -39.8x | 2.4x |
| Tue, 11 Jul 2023 | NZ$1.9b | NZ$788.2m | -NZ$47,453,466.00 | 9.9x | -39.8x | 2.4x |
| Thu, 08 Jun 2023 | NZ$1.7b | NZ$789.1m | -NZ$47,453,637.00 | 10.7x | -35.7x | 2.1x |
| Sat, 06 May 2023 | NZ$1.5b | NZ$707.7m | -NZ$63,284,090.00 | 9.8x | -23.2x | 2.1x |
| Mon, 03 Apr 2023 | NZ$1.4b | NZ$712.3m | -NZ$64,052,090.00 | 9x | -22.5x | 2x |
| Wed, 01 Mar 2023 | NZ$3.3b | NZ$1.1b | -NZ$18,012,803.00 | 25.7x | -184.3x | 3x |
| Fri, 27 Jan 2023 | NZ$3.4b | NZ$1.1b | -NZ$19,832,789.00 | 26.9x | -171.7x | 3.1x |
Price to Earnings Ratio
-171.7x
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 | 0.096% | |
| Tech | 3.10% | |
| Electronic Equipment and Components | 19.33% | |
| IT | 0% | 0 |
| Software | -1.94% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ERD EROAD | NZ$1.33 | 9.9% +NZ$22.5m | 25.5% | PS1.3x | |
| RAK Rakon | NZ$1.41 | 3.3% +NZ$10.2m | 134.2% | PE204.6x | |
| LOC Locate Technologies | NZ$0.08 | 14.3% +NZ$3.0m | n/a | PS3.4x | |
| IKE ikeGPS Group | NZ$1.11 | 0.9% +NZ$1.9m | 91.4% | PS8.3x | |
| BPG Black Pearl Group | NZ$0.97 | 2.1% +NZ$1.9m | -5.8% | n/a |