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New Zealand (NZX) Tech Sector Analysis

UpdatedSep 19, 2026
DataAggregated Company Financials
Companies9
  • 7D5.2%
  • 3M3.8%
  • 1Y-42.3%
  • YTD-30.1%

In the last week, the Tech industry is up 2.2%, with Vista Group International up 10%. In the same time, Serko was down 12%. However, the industry is down 43% over the past year. Looking forward, earnings are forecast to grow by 47% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 19 Sep 2026NZ$1.8bNZ$810.4m-NZ$169,874,252.0025.1x-10.6x2.2x
Mon, 17 Aug 2026NZ$1.8bNZ$817.1m-NZ$171,701,511.0023x-10.3x2.2x
Wed, 15 Jul 2026NZ$1.7bNZ$807.8m-NZ$171,701,511.0022x-9.8x2.1x
Fri, 12 Jun 2026NZ$1.7bNZ$807.8m-NZ$171,701,511.0022.9x-10x2.1x
Sun, 10 May 2026NZ$2.1bNZ$915.7m-NZ$162,861,965.00123.5x-12.7x2.3x
Tue, 07 Apr 2026NZ$2.2bNZ$915.7m-NZ$162,861,965.00120.8x-13.3x2.4x
Thu, 05 Mar 2026NZ$2.4bNZ$915.9m-NZ$161,855,472.54126.8x-14.8x2.6x
Sat, 31 Jan 2026NZ$2.6bNZ$917.3m-NZ$160,968,749.2241.1x-16.4x2.9x
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
Price to Earnings Ratio

-41.3x


Total Market Cap: NZ$1.8bTotal Earnings: -NZ$44,351,466.00Total Revenue: NZ$797.5mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Tech Sector Price to Earnings3Y Average -57.6x202420252026
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 2.2x.
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 Market1.16%
Tech5.19%
Software6.08%
Electronic Equipment and Components2.33%
IT0%0
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 39% 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$2.9110.2%
    +NZ$64.6m    		-1.4%PE366.5x
    		GTK Gentrack GroupNZ$4.197.4%
    +NZ$32.6m    		-59.9%PE25.1x
    		ERD EROADNZ$1.045.1%
    +NZ$9.4m    		-64.1%PS1x
    		BPG Black Pearl GroupNZ$0.3214.3%
    +NZ$3.8m    		-67.0%n/a

    Latest News

    TWL
    NZ$0.12
    Trade Window Holdings
    7D
    -2.5%
    1Y
    -55.0%
    SKO
    NZ$1.20
    Serko
    7D
    -12.4%
    1Y
    -56.5%
    GTK
    NZ$4.19
    Gentrack Group
    7D
    7.4%
    1Y
    -59.9%
    LOC
    NZ$0.044
    Locate Technologies
    7D
    -12.0%
    1Y
    n/a
    VGL
    NZ$2.91
    Vista Group International
    7D
    10.2%
    1Y
    -1.4%
    ERD
    NZ$1.04
    EROAD
    7D
    5.1%
    1Y
    -64.1%
    BPG
    NZ$0.32
    Black Pearl Group
    7D
    14.3%
    1Y
    -67.0%