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New Zealand (NZX) Software Industry Analysis

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies8
  • 7D-5.7%
  • 3M-26.7%
  • 1Y-52.6%
  • YTD-39.5%

Over the last 7 days, the Software industry has dropped 5.7%, driven by Vista Group International declining 14%. Meanwhile, Gentrack Group actually outperformed within the industry, gaining 9.5% in the last week. However, the industry is down 53% over the past year. As for the next few years, earnings are expected to grow by 36% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Jun 2026NZ$1.3bNZ$586.1m-NZ$3,109,511.0024.1x-416.5x2.2x
Tue, 05 May 2026NZ$1.5bNZ$576.0m-NZ$9,533,965.0032.5x-153.3x2.5x
Thu, 02 Apr 2026NZ$1.5bNZ$576.0m-NZ$9,533,965.0036.5x-159x2.6x
Sat, 28 Feb 2026NZ$1.7bNZ$568.8m-NZ$9,823,839.6532.5x-177x3.1x
Mon, 26 Jan 2026NZ$1.9bNZ$577.6m-NZ$7,644,087.9923.7x-255x3.4x
Wed, 24 Dec 2025NZ$2.1bNZ$577.5m-NZ$7,621,530.0323.5x-269.9x3.6x
Fri, 21 Nov 2025NZ$1.9bNZ$562.2m-NZ$16,069,685.0037.5x-115.6x3.3x
Sun, 19 Oct 2025NZ$2.1bNZ$543.1m-NZ$11,664,685.0045x-183.8x3.9x
Tue, 16 Sep 2025NZ$2.3bNZ$543.2m-NZ$11,437,685.0085.2x-201x4.2x
Thu, 14 Aug 2025NZ$2.2bNZ$535.7m-NZ$11,402,685.0011.9x-195.6x4.2x
Sat, 12 Jul 2025NZ$2.7bNZ$535.7m-NZ$11,402,685.0013.6x-236.1x5x
Mon, 09 Jun 2025NZ$2.6bNZ$535.7m-NZ$11,402,685.0015.2x-229.5x4.9x
Wed, 07 May 2025NZ$2.6bNZ$510.5m-NZ$7,237,044.0015.4x-361.1x5.1x
Fri, 04 Apr 2025NZ$2.6bNZ$510.5m-NZ$7,237,044.0015.4x-365.8x5.2x
Sun, 02 Mar 2025NZ$2.7bNZ$510.5m-NZ$7,237,044.0018.8x-369.4x5.2x
Tue, 28 Jan 2025NZ$2.6bNZ$497.9m-NZ$14,705,044.0069.5x-178.8x5.3x
Thu, 26 Dec 2024NZ$2.6bNZ$497.9m-NZ$14,705,044.0070.1x-178.1x5.3x
Sat, 23 Nov 2024NZ$2.4bNZ$471.5m-NZ$19,124,615.0078.3x-126.9x5.1x
Mon, 21 Oct 2024NZ$2.3bNZ$465.9m-NZ$21,180,615.0078.7x-109.9x5x
Wed, 18 Sep 2024NZ$2.3bNZ$466.0m-NZ$21,051,615.0060x-110.3x5x
Fri, 16 Aug 2024NZ$2.4bNZ$466.5m-NZ$26,270,615.0073.1x-89.6x5x
Sun, 14 Jul 2024NZ$2.2bNZ$466.6m-NZ$32,570,615.0076.2x-66.3x4.6x
Tue, 11 Jun 2024NZ$2.0bNZ$466.6m-NZ$32,570,615.0069.1x-61.1x4.3x
Thu, 09 May 2024NZ$1.8bNZ$442.9m-NZ$31,607,398.0046.2x-56.7x4x
Sat, 06 Apr 2024NZ$1.9bNZ$442.9m-NZ$31,607,398.0045.7x-59x4.2x
Mon, 04 Mar 2024NZ$1.8bNZ$442.9m-NZ$31,607,398.0043.9x-55.6x4x
Wed, 31 Jan 2024NZ$1.6bNZ$445.5m-NZ$40,707,398.0036.2x-39.4x3.6x
Fri, 29 Dec 2023NZ$1.6bNZ$445.5m-NZ$40,707,398.0037.1x-39.7x3.6x
Sun, 26 Nov 2023NZ$1.5bNZ$428.6m-NZ$42,653,829.0028.1x-34.5x3.4x
Tue, 24 Oct 2023NZ$1.4bNZ$411.6m-NZ$55,219,829.0027.9x-26.1x3.5x
Thu, 21 Sep 2023NZ$1.4bNZ$411.5m-NZ$56,493,829.0025.1x-24.8x3.4x
Sat, 19 Aug 2023NZ$1.4bNZ$402.2m-NZ$59,595,829.0025.8x-24.1x3.6x
Mon, 17 Jul 2023NZ$1.4bNZ$402.2m-NZ$59,595,829.0025.2x-24x3.6x
Wed, 14 Jun 2023NZ$1.3bNZ$402.2m-NZ$59,595,829.0026.4x-22.4x3.3x
Price to Earnings Ratio

-22.4x


Total Market Cap: NZ$1.3bTotal Earnings: -NZ$59,595,829.00Total Revenue: NZ$402.2mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Software Industry Price to Earnings3Y Average -147.3x202420252026
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 2.2x.
Past Earnings Growth
  • The earnings for companies in the Software industry have improved over the last three years.
  • Revenues for these companies have grown 13% 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-0.28%
Tech-3.41%
Software-5.65%
Systems Software2.33%
Application Software-5.71%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 36% over the next 5 years.
    • This is better than its past earnings decline of 8.4% per year.
    • In contrast, the Application Software industry is expected to see its earnings grow by 36% 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
    		GTK Gentrack GroupNZ$4.029.5%
    +NZ$39.4m    		-67.4%PE24.1x
    		ENS Enprise GroupNZ$0.442.3%
    +NZ$220.6k    		-41.3%PS0.4x
    		SDL Solution DynamicsNZ$0.570.9%
    +NZ$72.1k    		-4.2%PE16.9x

    Latest News

    VGL
    NZ$2.22
    Vista Group International
    7D
    -14.3%
    1Y
    -37.1%
    Narrative Update • Jun 03

    VGL: Index Removal And Board Challenge Will Pressure Future Share Performance

    Analysts have modestly adjusted their NZ$1.82 price target for Vista Group International, reflecting slightly updated assumptions for the discount rate, revenue growth, profit margin and future P/E, while keeping their overall valuation framework broadly unchanged. What's in the News Regal Cineworld Group, an existing client, agreed to transition 88 Cineworld sites with more than 950 screens in the United Kingdom to Vista Cloud’s Digital Enablement capability, with rollout expected during 2026, following the earlier transition of 25 Picturehouse Cinemas sites to Digital Enablement during 2025.
    TWL
    NZ$0.20
    Trade Window Holdings
    7D
    -11.4%
    1Y
    8.3%
    GTK
    NZ$4.02
    Gentrack Group
    7D
    9.5%
    1Y
    -67.4%
    SKO
    NZ$1.52
    Serko
    7D
    -10.6%
    1Y
    -46.3%
    BPG
    NZ$0.64
    Black Pearl Group
    7D
    -3.8%
    1Y
    -11.1%
    SDL
    NZ$0.57
    Solution Dynamics
    7D
    0.9%
    1Y
    -4.2%
    ENS
    NZ$0.44
    Enprise Group
    7D
    2.3%
    1Y
    -41.3%