Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

New Zealand (NZX) Tech Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.3%
  • 3M-15.4%
  • 1Y-15.8%
  • YTD-1.3%

Over the last 7 days, the Tech industry has remained flat, although notably Rakon gained 9.1%. As for the longer term, the industry has declined 16% in the last year. Earnings are forecast to grow by 52% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026NZ$2.7bNZ$917.3m-NZ$160,985,320.8545.3x-17.1x3x
Tue, 09 Dec 2025NZ$2.7bNZ$910.3m-NZ$158,866,706.0047.7x-17.3x3x
Thu, 06 Nov 2025NZ$2.8bNZ$866.3m-NZ$32,451,685.0084.1x-85.6x3.2x
Sat, 04 Oct 2025NZ$3.1bNZ$866.4m-NZ$32,224,685.0089.1x-95.6x3.6x
Mon, 01 Sep 2025NZ$3.1bNZ$866.5m-NZ$32,224,685.0091.4x-95.5x3.6x
Wed, 30 Jul 2025NZ$3.1bNZ$858.9m-NZ$32,189,685.0055.5x-97.4x3.6x
Fri, 27 Jun 2025NZ$3.1bNZ$858.9m-NZ$32,189,685.0064.8x-97x3.6x
Sun, 25 May 2025NZ$3.0bNZ$856.6m-NZ$35,582,044.0015.2x-85x3.5x
Tue, 22 Apr 2025NZ$2.9bNZ$830.6m-NZ$29,294,044.0015.4x-98.7x3.5x
Thu, 20 Mar 2025NZ$3.0bNZ$830.7m-NZ$29,294,044.0017.2x-102.8x3.6x
Sat, 15 Feb 2025NZ$3.1bNZ$818.0m-NZ$36,762,044.0071.3x-84.4x3.8x
Mon, 13 Jan 2025NZ$3.1bNZ$818.0m-NZ$36,762,044.0072.1x-84.4x3.8x
Wed, 11 Dec 2024NZ$3.1bNZ$818.0m-NZ$36,762,044.0074.2x-84.1x3.8x
Fri, 08 Nov 2024NZ$2.7bNZ$802.7m-NZ$29,954,615.0035.3x-90.9x3.4x
Sun, 06 Oct 2024NZ$2.7bNZ$797.0m-NZ$32,010,615.0032.8x-83.8x3.4x
Tue, 03 Sep 2024NZ$2.8bNZ$797.1m-NZ$31,881,615.0045.3x-88.2x3.5x
Thu, 01 Aug 2024NZ$2.7bNZ$797.7m-NZ$43,400,615.0045.4x-63.2x3.4x
Sat, 29 Jun 2024NZ$2.5bNZ$797.7m-NZ$43,400,615.0035.3x-57.4x3.1x
Mon, 27 May 2024NZ$2.4bNZ$822.9m-NZ$42,593,398.0026x-55.3x2.9x
Wed, 24 Apr 2024NZ$2.3bNZ$801.6m-NZ$44,547,398.0032.8x-50.8x2.8x
Fri, 22 Mar 2024NZ$2.3bNZ$801.6m-NZ$44,547,398.0033.7x-52.4x2.9x
Sun, 18 Feb 2024NZ$2.3bNZ$801.2m-NZ$47,523,398.0036.4x-47.6x2.8x
Tue, 16 Jan 2024NZ$2.2bNZ$804.3m-NZ$53,647,398.0038.7x-40.8x2.7x
Thu, 14 Dec 2023NZ$2.1bNZ$804.3m-NZ$53,647,398.0035.2x-39.2x2.6x
Sat, 11 Nov 2023NZ$1.8bNZ$797.6m-NZ$43,077,466.007x-42.5x2.3x
Mon, 09 Oct 2023NZ$1.8bNZ$797.6m-NZ$43,077,466.007.1x-42.7x2.3x
Wed, 06 Sep 2023NZ$1.8bNZ$798.0m-NZ$44,351,466.007.5x-41.3x2.3x
Fri, 04 Aug 2023NZ$1.9bNZ$788.2m-NZ$47,453,466.009.6x-40.2x2.4x
Sun, 02 Jul 2023NZ$1.9bNZ$788.2m-NZ$47,453,466.0010.2x-39.2x2.4x
Tue, 30 May 2023NZ$1.7bNZ$784.2m-NZ$43,361,090.0011.1x-38.9x2.2x
Thu, 27 Apr 2023NZ$1.5bNZ$712.3m-NZ$64,052,090.009.5x-22.7x2x
Sat, 25 Mar 2023NZ$1.4bNZ$712.3m-NZ$64,052,090.009.2x-22.6x2x
Mon, 20 Feb 2023NZ$3.4bNZ$1.1b-NZ$18,487,983.0026.8x-184.7x3.1x
Wed, 18 Jan 2023NZ$3.3bNZ$1.1b-NZ$19,283,794.0026.9x-171.6x3x
Price to Earnings Ratio

-171.6x


Total Market Cap: NZ$3.3bTotal Earnings: -NZ$19,283,794.00Total Revenue: NZ$1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Tech Sector Price to Earnings3Y Average -70.8x202420252026
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 5.5% 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 Market1.09%
Tech-0.31%
Electronic Equipment and Components2.86%
IT0%0
Software-1.26%
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 42% 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
    		RAK RakonNZ$0.909.1%
    +NZ$17.1m    		47.5%PE131x
    		SKO SerkoNZ$3.154.0%
    +NZ$14.8m    		-17.8%PS3.6x
    		IKE ikeGPS GroupNZ$1.111.8%
    +NZ$3.9m    		101.8%PS8.3x
    		TWL Trade Window HoldingsNZ$0.326.8%
    +NZ$3.2m    		53.7%PS5.7x
    		SDL Solution DynamicsNZ$0.700.7%
    +NZ$73.4k    		0%PE3.9x

    Latest News

    IKE
    NZ$1.11
    ikeGPS Group
    7D
    1.8%
    1Y
    101.8%
    TWL
    NZ$0.32
    Trade Window Holdings
    7D
    6.8%
    1Y
    53.7%
    VGL
    NZ$2.44
    Vista Group International
    7D
    -6.2%
    1Y
    -23.3%

    VGL: Fair Outlook Will Balance Higher Margins With Reduced Future Earnings Multiple

    Analysts have adjusted their price target on Vista Group International to reflect updated assumptions for revenue growth of 15.07%, a profit margin of 9.66% and a future P/E of 37.37x, while keeping fair value steady at $2.80 and making a small change to the discount rate. Valuation Changes Fair Value: Fair value is unchanged at NZ$2.80.
    GTK
    NZ$8.40
    Gentrack Group
    7D
    -0.2%
    1Y
    -32.6%
    LOC
    NZ$0.069
    Locate Technologies
    7D
    -5.5%
    1Y
    n/a
    RAK
    NZ$0.90
    Rakon
    7D
    9.1%
    1Y
    47.5%
    BPG
    NZ$0.93
    Black Pearl Group
    7D
    -2.6%
    1Y
    -8.4%
    ERD
    NZ$1.24
    EROAD
    7D
    -1.2%
    1Y
    17.6%

    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
    SKO
    NZ$3.15
    Serko
    7D
    4.0%
    1Y
    -17.8%
    ENS
    NZ$0.50
    Enprise Group
    7D
    -7.4%
    1Y
    -57.6%
    SDL
    NZ$0.70
    Solution Dynamics
    7D
    0.7%
    1Y
    0%