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New Zealand (NZX) Tech Sector Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies11
  • 7D-9.0%
  • 3M-16.9%
  • 1Y-36.5%
  • YTD-27.5%

Over the last 7 days, the Tech industry has dropped 9.0%, driven by Gentrack Group declining 38%. Meanwhile, Vista Group International actually outperformed within the industry, gaining 7.3% in the last week. The industry has fallen 36% in the last year. Earnings are forecast to grow by 53% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 07 May 2026NZ$2.0bNZ$915.7m-NZ$162,861,965.00123.1x-12.4x2.2x
Sat, 04 Apr 2026NZ$2.2bNZ$915.7m-NZ$162,861,965.00120.8x-13.3x2.4x
Mon, 02 Mar 2026NZ$2.5bNZ$908.4m-NZ$163,150,119.1544.7x-15.2x2.7x
Wed, 28 Jan 2026NZ$2.7bNZ$917.3m-NZ$160,971,306.5642.3x-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
Price to Earnings Ratio

-23x


Total Market Cap: NZ$1.5bTotal Earnings: -NZ$63,284,090.00Total Revenue: NZ$707.7mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Tech Sector Price to Earnings3Y Average -60.9x202420252026
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 3.1x 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 for these companies have grown 9.0% per year.
  • This means that although more sales are being generated, 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 Market1.46%
Tech-9.02%
Electronic Equipment and Components4.01%
IT0%0
Software-15.73%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 74% over the next 5 years.
    • In contrast, the Software industry is expected to see its earnings grow by 37% 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$1.987.3%
    +NZ$32.3m    		-45.8%PE249.4x
    		ERD EROADNZ$0.997.6%
    +NZ$13.1m    		18.5%PS0.9x
    		IKE ikeGPS GroupNZ$1.274.1%
    +NZ$9.7m    		58.8%PS9.5x
    		TWL Trade Window HoldingsNZ$0.2013.0%
    +NZ$3.8m    		17.6%PS3.7x
    		RAK RakonNZ$1.551.0%
    +NZ$3.4m    		153.3%PE224.9x

    Latest News

    TWL
    NZ$0.20
    Trade Window Holdings
    7D
    13.0%
    1Y
    17.6%
    GTK
    NZ$3.68
    Gentrack Group
    7D
    -38.2%
    1Y
    -69.2%
    IKE
    NZ$1.27
    ikeGPS Group
    7D
    4.1%
    1Y
    58.8%
    SDL
    NZ$0.60
    Solution Dynamics
    7D
    -0.8%
    1Y
    -6.3%
    VGL
    NZ$1.98
    Vista Group International
    7D
    7.3%
    1Y
    -45.8%

    VGL: Index Removal And Board Contest Will Shape Balanced Outlook

    Analysts have slightly reduced their price target on Vista Group International to NZ$1.82. This reflects updated views on the discount rate, revenue growth, profit margin and future P/E assumptions, while keeping their overall valuation level unchanged.
    SKO
    NZ$1.60
    Serko
    7D
    -5.3%
    1Y
    -51.1%
    ERD
    NZ$0.99
    EROAD
    7D
    7.6%
    1Y
    18.5%
    LOC
    NZ$0.028
    Locate Technologies
    7D
    3.7%
    1Y
    n/a
    BPG
    NZ$0.76
    Black Pearl Group
    7D
    -3.8%
    1Y
    21.8%
    RAK
    NZ$1.55
    Rakon
    7D
    1.0%
    1Y
    153.3%
    ENS
    NZ$0.43
    Enprise Group
    7D
    -11.2%
    1Y
    -42.8%