Vista Group International Limited (NZSE:VGL) May Have Run Too Fast Too Soon With Recent 28% Price Plummet
Jan 30
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New Zealand (NZX) Application Software Industry Analysis
UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies7
- 7D-5.2%
- 3M-15.8%
- 1Y-37.2%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 7.5%, driven by pullbacks in Gentrack Group and Vista Group International of 5.7% and 9.5%, respectively. On the other hand Black Pearl Group is actually up 22%. The industry has fallen 37% in the last year. Looking forward, earnings are forecast to grow by 41% annually.
Industry Valuation and Performance
Has the New Zealand Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 04 Feb 2026 | NZ$1.8b | NZ$552.7m | -NZ$7,545,764.70 | 22x | -237.2x | 3.2x |
| Fri, 02 Jan 2026 | NZ$2.1b | NZ$552.8m | -NZ$7,548,788.11 | 24.6x | -278.9x | 3.8x |
| Sun, 30 Nov 2025 | NZ$2.3b | NZ$545.8m | -NZ$5,437,706.00 | 29.9x | -416x | 4.1x |
| Tue, 28 Oct 2025 | NZ$2.1b | NZ$518.3m | -NZ$11,563,685.00 | 44.2x | -182.6x | 4.1x |
| Thu, 25 Sep 2025 | NZ$2.3b | NZ$518.3m | -NZ$11,563,685.00 | 50.8x | -196.1x | 4.4x |
| Sat, 23 Aug 2025 | NZ$2.3b | NZ$518.9m | -NZ$11,493,685.00 | 49.5x | -196.4x | 4.4x |
| Mon, 21 Jul 2025 | NZ$2.6b | NZ$511.5m | -NZ$12,393,685.00 | 58.1x | -209.2x | 5.1x |
| Wed, 18 Jun 2025 | NZ$2.4b | NZ$511.5m | -NZ$12,393,685.00 | 54.1x | -196.3x | 4.8x |
| Fri, 16 May 2025 | NZ$2.7b | NZ$486.3m | -NZ$8,228,044.00 | 70.1x | -323.6x | 5.5x |
| Sun, 13 Apr 2025 | NZ$2.4b | NZ$486.3m | -NZ$8,228,044.00 | 61.1x | -296.7x | 5x |
| Tue, 11 Mar 2025 | NZ$2.6b | NZ$486.3m | -NZ$8,228,044.00 | 64.2x | -316.2x | 5.3x |
| Thu, 06 Feb 2025 | NZ$2.8b | NZ$475.9m | -NZ$14,698,044.00 | 76.8x | -187.3x | 5.8x |
| Sat, 04 Jan 2025 | NZ$2.7b | NZ$475.9m | -NZ$14,698,044.00 | 72.5x | -180.8x | 5.6x |
| Mon, 02 Dec 2024 | NZ$2.7b | NZ$475.9m | -NZ$14,697,615.00 | 78.3x | -185.3x | 5.7x |
| Wed, 30 Oct 2024 | NZ$2.3b | NZ$450.3m | -NZ$19,117,615.00 | 73x | -119.4x | 5.1x |
| Fri, 27 Sep 2024 | NZ$2.3b | NZ$443.9m | -NZ$21,173,615.00 | 82.8x | -109.8x | 5.2x |
| Sun, 25 Aug 2024 | NZ$2.3b | NZ$444.1m | -NZ$21,173,615.00 | 72.5x | -107.3x | 5.1x |
| Tue, 23 Jul 2024 | NZ$2.2b | NZ$445.0m | -NZ$26,851,615.00 | 75.1x | -81.6x | 4.9x |
| Thu, 20 Jun 2024 | NZ$2.0b | NZ$445.0m | -NZ$26,851,615.00 | 72.9x | -75.6x | 4.6x |
| Sat, 18 May 2024 | NZ$1.7b | NZ$421.3m | -NZ$25,888,398.00 | 43.9x | -67.4x | 4.1x |
| Mon, 15 Apr 2024 | NZ$1.8b | NZ$421.3m | -NZ$25,888,398.00 | 46.8x | -71.3x | 4.4x |
| Wed, 13 Mar 2024 | NZ$1.8b | NZ$421.3m | -NZ$25,888,398.00 | 43.6x | -68.3x | 4.2x |
| Fri, 09 Feb 2024 | NZ$1.7b | NZ$424.8m | -NZ$30,428,398.00 | 40x | -55.2x | 4x |
| Sun, 07 Jan 2024 | NZ$1.6b | NZ$424.8m | -NZ$30,428,398.00 | 36.6x | -53.3x | 3.8x |
| Tue, 05 Dec 2023 | NZ$1.6b | NZ$424.8m | -NZ$30,428,398.00 | 36.9x | -53x | 3.8x |
| Thu, 02 Nov 2023 | NZ$1.4b | NZ$390.9m | -NZ$44,940,829.00 | 28.1x | -31.4x | 3.6x |
| Sat, 30 Sep 2023 | NZ$1.4b | NZ$390.9m | -NZ$44,940,829.00 | 26.8x | -31.9x | 3.7x |
| Mon, 28 Aug 2023 | NZ$1.4b | NZ$390.8m | -NZ$43,832,829.00 | 25.7x | -32x | 3.6x |
| Wed, 26 Jul 2023 | NZ$1.5b | NZ$383.0m | -NZ$53,369,829.00 | 26x | -27.2x | 3.8x |
| Fri, 23 Jun 2023 | NZ$1.3b | NZ$383.0m | -NZ$53,369,829.00 | 25.5x | -25.1x | 3.5x |
| Sun, 21 May 2023 | NZ$1.2b | NZ$356.8m | -NZ$70,341,453.00 | 11.6x | -16.4x | 3.2x |
| Tue, 18 Apr 2023 | NZ$994.0m | NZ$341.4m | -NZ$81,098,453.00 | 11.5x | -12.3x | 2.9x |
| Thu, 16 Mar 2023 | NZ$1.0b | NZ$341.4m | -NZ$81,098,453.00 | 10.9x | -12.5x | 3x |
| Sat, 11 Feb 2023 | NZ$1.1b | NZ$322.2m | -NZ$82,587,453.00 | 12.3x | -13.2x | 3.4x |
Price to Earnings Ratio
-13.2x
Current Industry PE
- Investors are pessimistic on the New Zealander Application Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.3x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have improved over the last three years.
- Revenues for these companies have grown 20% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Comparison
How does New Zealand Application Software compare with similar industries?
| NZ Market | -0.77% | |
| Tech | -5.33% | |
| Software | -5.20% | |
| Application Software | -5.22% | |
| Systems Software | -1.02% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BPG Black Pearl Group | NZ$1.16 | 13.7% +NZ$13.3m | 30.3% | n/a |