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New Zealand (NZX) Software Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies8
  • 7D0.4%
  • 3M-29.1%
  • 1Y-39.3%
  • YTD-28.9%

Last week, the Software industry hasn't moved much but Vista Group International is up 8.5% in that time. Unfortunately though, the industry is down 39% over the past 12 months. Looking forward, earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026NZ$1.5bNZ$576.0m-NZ$9,533,965.0035x-159.5x2.6x
Sun, 08 Mar 2026NZ$1.8bNZ$576.2m-NZ$8,524,433.9943.9x-207.2x3.1x
Tue, 03 Feb 2026NZ$1.8bNZ$577.6m-NZ$7,638,950.9221.7x-235.7x3.1x
Thu, 01 Jan 2026NZ$2.1bNZ$577.6m-NZ$7,643,663.3824.6x-276.8x3.7x
Sat, 29 Nov 2025NZ$2.2bNZ$569.7m-NZ$6,596,685.0029.9x-336.7x3.9x
Mon, 27 Oct 2025NZ$2.1bNZ$543.1m-NZ$11,664,685.0044.2x-182x3.9x
Wed, 24 Sep 2025NZ$2.3bNZ$543.2m-NZ$11,437,685.0087.6x-200x4.2x
Fri, 22 Aug 2025NZ$2.3bNZ$543.1m-NZ$10,502,685.0010.7x-217.1x4.2x
Sun, 20 Jul 2025NZ$2.6bNZ$535.7m-NZ$11,402,685.0012.1x-228.5x4.9x
Tue, 17 Jun 2025NZ$2.5bNZ$535.7m-NZ$11,402,685.0015x-221.3x4.7x
Thu, 15 May 2025NZ$2.7bNZ$510.5m-NZ$7,237,044.0015.4x-374.3x5.3x
Sat, 12 Apr 2025NZ$2.5bNZ$510.5m-NZ$7,237,044.0015.4x-339.4x4.8x
Mon, 10 Mar 2025NZ$2.6bNZ$510.5m-NZ$7,237,044.0017.8x-360.3x5.1x
Wed, 05 Feb 2025NZ$2.7bNZ$497.9m-NZ$14,705,044.0074.8x-186.1x5.5x
Fri, 03 Jan 2025NZ$2.7bNZ$497.9m-NZ$14,705,044.0072.9x-182.2x5.4x
Sun, 01 Dec 2024NZ$2.7bNZ$497.9m-NZ$14,705,044.0078.3x-186.3x5.5x
Tue, 29 Oct 2024NZ$2.2bNZ$465.9m-NZ$21,180,615.0073x-104.7x4.8x
Thu, 26 Sep 2024NZ$2.3bNZ$466.0m-NZ$21,051,615.0060.9x-110.2x5x
Sat, 24 Aug 2024NZ$2.3bNZ$465.7m-NZ$26,892,615.0072.5x-84.7x4.9x
Mon, 22 Jul 2024NZ$2.2bNZ$466.6m-NZ$32,570,615.0076.8x-69.1x4.8x
Wed, 19 Jun 2024NZ$2.0bNZ$466.6m-NZ$32,570,615.0071.7x-62.3x4.3x
Fri, 17 May 2024NZ$1.7bNZ$442.9m-NZ$31,607,398.0044.4x-54.6x3.9x
Sun, 14 Apr 2024NZ$1.9bNZ$442.9m-NZ$31,607,398.0046.8x-58.6x4.2x
Tue, 12 Mar 2024NZ$1.8bNZ$442.9m-NZ$31,607,398.0043.5x-56.4x4x
Thu, 08 Feb 2024NZ$1.7bNZ$445.5m-NZ$40,707,398.0039.6x-41.6x3.8x
Sat, 06 Jan 2024NZ$1.6bNZ$445.5m-NZ$40,707,398.0036.6x-40.2x3.7x
Mon, 04 Dec 2023NZ$1.6bNZ$445.5m-NZ$40,707,398.0034.9x-38.1x3.5x
Wed, 01 Nov 2023NZ$1.4bNZ$411.6m-NZ$55,219,829.0027.2x-25.4x3.4x
Fri, 29 Sep 2023NZ$1.4bNZ$411.5m-NZ$56,493,829.0026.4x-25.5x3.5x
Sun, 27 Aug 2023NZ$1.4bNZ$410.1m-NZ$50,058,829.0025.7x-28.3x3.5x
Tue, 25 Jul 2023NZ$1.5bNZ$402.2m-NZ$59,595,829.0025.9x-24.4x3.6x
Thu, 22 Jun 2023NZ$1.4bNZ$402.2m-NZ$59,595,829.0025.5x-22.7x3.4x
Sat, 20 May 2023NZ$1.2bNZ$376.1m-NZ$76,567,453.0011.6x-15.2x3.1x
Mon, 17 Apr 2023NZ$1.0bNZ$360.6m-NZ$87,324,453.0011.5x-11.8x2.9x
Price to Earnings Ratio

-11.8x


Total Market Cap: NZ$1.0bTotal Earnings: -NZ$87,324,453.00Total Revenue: NZ$360.6mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Software Industry Price to Earnings3Y Average -136.1x202420252026
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 2.6x.
Past Earnings Growth
  • The earnings for companies in the Software industry have improved over the last three years.
  • Revenues for these companies have grown 17% 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 Market3.03%
Tech1.69%
Software0.35%
Application Software0.35%
Systems Software0%0
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 35% over the next 5 years.
    • This is better than its past earnings growth rate of 18% per year.
    • In contrast, the Application Software industry is expected to see its earnings grow by 35% 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$1.788.5%
    +NZ$33.4m    		-49.1%PE223.8x
    		SKO SerkoNZ$1.856.6%
    +NZ$14.2m    		-47.1%PS2.1x
    		BPG Black Pearl GroupNZ$0.791.9%
    +NZ$1.4m    		12.9%n/a

    Latest News

    GTK
    NZ$6.50
    Gentrack Group
    7D
    -1.1%
    1Y
    -39.3%
    SKO
    NZ$1.85
    Serko
    7D
    6.6%
    1Y
    -47.1%
    VGL
    NZ$1.78
    Vista Group International
    7D
    8.5%
    1Y
    -49.1%

    VGL: Reset Expectations And Index Removal Will Shape Balanced Future Outlook

    Vista Group International's analyst price target has been reset lower to reflect updated fair value assumptions around NZ$1.82. Analysts point to moderated revenue growth, slightly softer profit margin expectations and a reduced future P/E outlook as key drivers of the change.
    LOC
    NZ$0.038
    Locate Technologies
    7D
    -20.8%
    1Y
    n/a
    SDL
    NZ$0.55
    Solution Dynamics
    7D
    -4.3%
    1Y
    -12.7%
    TWL
    NZ$0.19
    Trade Window Holdings
    7D
    -3.1%
    1Y
    11.2%
    BPG
    NZ$0.79
    Black Pearl Group
    7D
    1.9%
    1Y
    12.9%