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New Zealand (NZX) Software Industry Analysis

UpdatedFeb 17, 2026
DataAggregated Company Financials
Companies8
  • 7D-8.4%
  • 3M-17.7%
  • 1Y-42.4%
  • YTD-24.1%

Over the last 7 days, the Software industry has dropped 5.2%, driven by a pullback from Vista Group International of 14%. On the other hand Enprise Group is actually up 12%. The industry has fallen 41% in the last year. Looking forward, earnings are forecast to grow by 39% annually.

Industry Valuation and Performance

Has the New Zealand Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Feb 2026NZ$1.6bNZ$577.7m-NZ$7,667,240.0820.6x-211.6x2.8x
Thu, 15 Jan 2026NZ$2.1bNZ$577.7m-NZ$7,655,719.5424.7x-273.1x3.6x
Sat, 13 Dec 2025NZ$2.2bNZ$570.7m-NZ$5,538,706.0025.6x-389.8x3.8x
Mon, 10 Nov 2025NZ$2.0bNZ$543.1m-NZ$11,664,685.0042.7x-171.2x3.7x
Wed, 08 Oct 2025NZ$2.2bNZ$543.2m-NZ$11,437,685.0087.6x-194x4.1x
Fri, 05 Sep 2025NZ$2.2bNZ$543.2m-NZ$11,437,685.0084.4x-192.9x4.1x
Sun, 03 Aug 2025NZ$2.4bNZ$535.7m-NZ$11,402,685.0010.1x-212.8x4.5x
Tue, 01 Jul 2025NZ$2.7bNZ$535.7m-NZ$11,402,685.0014.8x-232.7x5x
Thu, 29 May 2025NZ$2.5bNZ$534.5m-NZ$13,525,044.0015.2x-187.5x4.7x
Sat, 26 Apr 2025NZ$2.5bNZ$510.5m-NZ$7,237,044.0015.4x-347.6x4.9x
Mon, 24 Mar 2025NZ$2.6bNZ$510.5m-NZ$7,237,044.0017x-364.9x5.2x
Wed, 19 Feb 2025NZ$2.7bNZ$497.9m-NZ$14,705,044.0071.7x-181.6x5.4x
Fri, 17 Jan 2025NZ$2.5bNZ$497.9m-NZ$14,705,044.0070.1x-170.6x5x
Sun, 15 Dec 2024NZ$2.7bNZ$497.9m-NZ$14,705,044.0074.7x-184.5x5.4x
Tue, 12 Nov 2024NZ$2.4bNZ$471.5m-NZ$19,124,615.0073.9x-123.9x5x
Thu, 10 Oct 2024NZ$2.4bNZ$465.9m-NZ$21,180,615.0080.5x-111.2x5.1x
Sat, 07 Sep 2024NZ$2.3bNZ$466.0m-NZ$21,051,615.0054.3x-111x5x
Mon, 05 Aug 2024NZ$2.2bNZ$466.6m-NZ$32,570,615.0073.4x-66.7x4.7x
Wed, 03 Jul 2024NZ$2.1bNZ$466.6m-NZ$32,570,615.0073.1x-64.1x4.5x
Fri, 31 May 2024NZ$2.0bNZ$468.3m-NZ$32,058,398.0070.1x-62.1x4.3x
Sun, 28 Apr 2024NZ$1.8bNZ$442.9m-NZ$31,607,398.0045x-55.6x4x
Tue, 26 Mar 2024NZ$1.8bNZ$442.9m-NZ$31,607,398.0044.8x-58.3x4.2x
Thu, 22 Feb 2024NZ$1.7bNZ$442.5m-NZ$34,583,398.0042.4x-50.3x3.9x
Sat, 20 Jan 2024NZ$1.6bNZ$445.5m-NZ$40,707,398.0036.2x-39.1x3.6x
Mon, 18 Dec 2023NZ$1.6bNZ$445.5m-NZ$40,707,398.0038x-40.4x3.7x
Wed, 15 Nov 2023NZ$1.5bNZ$411.6m-NZ$55,219,829.0028.7x-26.7x3.6x
Fri, 13 Oct 2023NZ$1.5bNZ$411.6m-NZ$55,219,829.0028.8x-26.8x3.6x
Sun, 10 Sep 2023NZ$1.4bNZ$411.5m-NZ$56,493,829.0024.4x-24.3x3.3x
Tue, 08 Aug 2023NZ$1.4bNZ$402.2m-NZ$59,595,829.0025.7x-24.3x3.6x
Thu, 06 Jul 2023NZ$1.4bNZ$402.2m-NZ$59,595,829.0026x-23.4x3.5x
Sat, 03 Jun 2023NZ$1.2bNZ$404.6m-NZ$59,596,000.0025.7x-20.5x3x
Mon, 01 May 2023NZ$1.0bNZ$360.6m-NZ$87,324,453.0011.5x-11.6x2.8x
Wed, 29 Mar 2023NZ$993.4mNZ$360.6m-NZ$87,324,453.0011.3x-11.4x2.8x
Fri, 24 Feb 2023NZ$1.0bNZ$341.0m-NZ$84,423,453.0012.3x-12.2x3x
Price to Earnings Ratio

-12.2x


Total Market Cap: NZ$1.0bTotal Earnings: -NZ$84,423,453.00Total Revenue: NZ$341.0mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Software Industry Price to Earnings3Y Average -127.8x202420252026
Current Industry PE
  • Investors are pessimistic on the New Zealander Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Software industry have improved over the last three years.
  • Revenues for these companies have grown 19% per year.
  • This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.

Industry Trends

Which industries have driven the changes within the New Zealand Tech industry?

NZ Market-2.35%
Tech-7.21%
Software-8.38%
Systems Software12.00%
Application Software-8.51%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 39% over the next 5 years.
    • However this is lower than its past earnings growth rate of 56% per year.
    • In contrast, the Application 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
    		ENS Enprise GroupNZ$0.5612.0%
    +NZ$1.3m    		-44.0%PS0.5x
    		LOC Locate TechnologiesNZ$0.0741.4%
    +NZ$297.6k    		n/aPS3.1x

    Latest News

    SKO
    NZ$2.25
    Serko
    7D
    -11.8%
    1Y
    -40.8%

    Serko Limited (NZSE:SKO) Shares May Have Slumped 25% But Getting In Cheap Is Still Unlikely

    Feb 11
    Serko Limited (NZSE:SKO) Shares May Have Slumped 25% But Getting In Cheap Is Still Unlikely
    BPG
    NZ$1.03
    Black Pearl Group
    7D
    -6.4%
    1Y
    7.3%
    VGL
    NZ$1.64
    Vista Group International
    7D
    -13.7%
    1Y
    -49.1%

    VGL: Future Margin Improvements Will Support Upside From Current Undervalued Share Price

    Analysts have modestly adjusted their price target on Vista Group International, citing small updates to assumptions on the discount rate, revenue, profit margin and future P/E that fine tune rather than overhaul their view on the shares. Valuation Changes Fair Value: The fair value estimate is unchanged at NZ$2.80 per share, reflecting only minor model tweaks rather than a different view on the shares.
    LOC
    NZ$0.074
    Locate Technologies
    7D
    1.4%
    1Y
    n/a
    GTK
    NZ$6.85
    Gentrack Group
    7D
    -5.4%
    1Y
    -44.3%
    ENS
    NZ$0.56
    Enprise Group
    7D
    12.0%
    1Y
    -44.0%
    SDL
    NZ$0.75
    Solution Dynamics
    7D
    -2.6%
    1Y
    15.4%