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New Zealand (NZX) Application Software Industry Analysis
UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies7
- 7D0.7%
- 3M-24.1%
- 1Y-40.1%
- YTDn/a
Last week, the Application Software industry hasn't moved much but Gentrack Group is up 6.2% in that time. Unfortunately though, the industry is down 40% over the past 12 months. Looking forward, earnings are forecast to grow by 38% 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 |
|---|---|---|---|---|---|---|
| Mon, 23 Feb 2026 | NZ$1.6b | NZ$552.9m | -NZ$7,589,974.76 | 21.4x | -217.3x | 3x |
| Wed, 21 Jan 2026 | NZ$2.0b | NZ$552.7m | -NZ$7,532,074.79 | 23.6x | -263.3x | 3.6x |
| Fri, 19 Dec 2025 | NZ$2.1b | NZ$545.8m | -NZ$5,437,706.00 | 23.7x | -377.1x | 3.8x |
| Sun, 16 Nov 2025 | NZ$1.9b | NZ$518.3m | -NZ$11,563,685.00 | 40.1x | -167.3x | 3.7x |
| Tue, 14 Oct 2025 | NZ$2.2b | NZ$518.3m | -NZ$11,563,685.00 | 45.1x | -187.9x | 4.2x |
| Thu, 11 Sep 2025 | NZ$2.3b | NZ$518.3m | -NZ$11,563,685.00 | 49.9x | -196.6x | 4.4x |
| Sat, 09 Aug 2025 | NZ$2.4b | NZ$511.5m | -NZ$12,393,685.00 | 48.5x | -189.7x | 4.6x |
| Mon, 07 Jul 2025 | NZ$2.7b | NZ$511.5m | -NZ$12,393,685.00 | 61.5x | -218.3x | 5.3x |
| Wed, 04 Jun 2025 | NZ$2.6b | NZ$511.5m | -NZ$12,393,685.00 | 58.2x | -208.1x | 5x |
| Fri, 02 May 2025 | NZ$2.7b | NZ$486.3m | -NZ$8,228,044.00 | 69.1x | -324.9x | 5.5x |
| Sun, 30 Mar 2025 | NZ$2.7b | NZ$486.3m | -NZ$8,228,044.00 | 66.4x | -326.5x | 5.5x |
| Tue, 25 Feb 2025 | NZ$2.6b | NZ$475.9m | -NZ$14,698,044.00 | 68x | -175x | 5.4x |
| Thu, 23 Jan 2025 | NZ$2.6b | NZ$475.9m | -NZ$14,698,044.00 | 71.5x | -178.1x | 5.5x |
| Sat, 21 Dec 2024 | NZ$2.6b | NZ$475.9m | -NZ$14,698,044.00 | 71.2x | -178.5x | 5.5x |
| Mon, 18 Nov 2024 | NZ$2.3b | NZ$449.6m | -NZ$19,117,615.00 | 73.2x | -121x | 5.1x |
| Wed, 16 Oct 2024 | NZ$2.3b | NZ$443.9m | -NZ$21,173,615.00 | 75.6x | -107.6x | 5.1x |
| Fri, 13 Sep 2024 | NZ$2.3b | NZ$443.9m | -NZ$21,173,615.00 | 78.9x | -110.3x | 5.3x |
| Sun, 11 Aug 2024 | NZ$2.2b | NZ$444.9m | -NZ$20,551,615.00 | 70.8x | -109.1x | 5x |
| Tue, 09 Jul 2024 | NZ$2.1b | NZ$445.0m | -NZ$26,851,615.00 | 76.5x | -79.4x | 4.8x |
| Thu, 06 Jun 2024 | NZ$2.0b | NZ$445.6m | -NZ$26,851,615.00 | 69.1x | -73.5x | 4.4x |
| Sat, 04 May 2024 | NZ$1.8b | NZ$421.3m | -NZ$25,888,398.00 | 45.5x | -69x | 4.2x |
| Mon, 01 Apr 2024 | NZ$1.9b | NZ$421.3m | -NZ$25,888,398.00 | 48.7x | -74.8x | 4.6x |
| Wed, 28 Feb 2024 | NZ$1.8b | NZ$420.7m | -NZ$24,288,398.00 | 44.1x | -72.2x | 4.2x |
| Fri, 26 Jan 2024 | NZ$1.6b | NZ$424.8m | -NZ$30,428,398.00 | 36.7x | -52.6x | 3.8x |
| Sun, 24 Dec 2023 | NZ$1.6b | NZ$424.8m | -NZ$30,428,398.00 | 36.1x | -52.7x | 3.8x |
| Tue, 21 Nov 2023 | NZ$1.4b | NZ$407.9m | -NZ$32,374,829.00 | 28.9x | -44.7x | 3.5x |
| Thu, 19 Oct 2023 | NZ$1.4b | NZ$390.9m | -NZ$44,940,829.00 | 28.2x | -31.7x | 3.6x |
| Sat, 16 Sep 2023 | NZ$1.4b | NZ$390.9m | -NZ$44,940,829.00 | 25.6x | -30.9x | 3.6x |
| Mon, 14 Aug 2023 | NZ$1.4b | NZ$383.0m | -NZ$53,369,829.00 | 25.4x | -26.8x | 3.7x |
| Wed, 12 Jul 2023 | NZ$1.4b | NZ$383.0m | -NZ$53,369,829.00 | 25.1x | -26.3x | 3.7x |
| Fri, 09 Jun 2023 | NZ$1.3b | NZ$383.8m | -NZ$53,370,000.00 | 25.8x | -23.6x | 3.3x |
| Sun, 07 May 2023 | NZ$1.0b | NZ$336.7m | -NZ$80,330,453.00 | 11.5x | -12.6x | 3x |
| Tue, 04 Apr 2023 | NZ$1.0b | NZ$341.4m | -NZ$81,098,453.00 | 11.4x | -12.5x | 3x |
| Thu, 02 Mar 2023 | NZ$1.1b | NZ$322.2m | -NZ$82,587,453.00 | 12.7x | -12.7x | 3.3x |
Price to Earnings Ratio
-12.7x
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 3.0x.
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 | 0.28% | |
| Tech | 0.40% | |
| Software | 0.74% | |
| Application Software | 0.75% | |
| Systems Software | 0% | 0 |
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 | |
|---|---|---|---|---|---|
| GTK Gentrack Group | NZ$7.27 | 6.1% +NZ$47.2m | -38.1% | PE39.2x | |
| VGL Vista Group International | NZ$1.71 | 4.0% +NZ$15.5m | -47.5% | PS2.6x | |
| TWL Trade Window Holdings | NZ$0.24 | 0% NZ$212.0k | 20.0% | PS4.4x |
