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New Zealand (NZX) Application Software Industry Analysis
UpdatedJan 23, 2026
DataAggregated Company Financials
Companies7
- 7D-3.3%
- 3M-12.7%
- 1Y-29.7%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 3.3%, driven by a pullback from Gentrack Group of 5.4%. Meanwhile, Locate Technologies actually outperformed within the industry, gaining 9.6% in the last week. Overall the industry is down 30% in 12 months. As for the next few years, earnings are expected to grow by 40% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 23 Jan 2026 | NZ$1.9b | NZ$552.7m | -NZ$7,538,720.45 | 23.6x | -257.5x | 3.5x |
| Sun, 21 Dec 2025 | NZ$2.0b | NZ$552.7m | -NZ$7,522,473.89 | 23.4x | -267.8x | 3.6x |
| Tue, 18 Nov 2025 | NZ$1.9b | NZ$518.3m | -NZ$11,563,685.00 | 38.3x | -161.9x | 3.6x |
| Thu, 16 Oct 2025 | NZ$2.2b | NZ$518.3m | -NZ$11,563,685.00 | 45.3x | -188.9x | 4.2x |
| Sat, 13 Sep 2025 | NZ$2.3b | NZ$518.3m | -NZ$11,563,685.00 | 50.7x | -197.4x | 4.4x |
| Mon, 11 Aug 2025 | NZ$2.4b | NZ$511.5m | -NZ$12,393,685.00 | 48.5x | -189.7x | 4.6x |
| Wed, 09 Jul 2025 | NZ$2.7b | NZ$511.5m | -NZ$12,393,685.00 | 62.1x | -219x | 5.3x |
| Fri, 06 Jun 2025 | NZ$2.6b | NZ$511.5m | -NZ$12,393,685.00 | 61.4x | -212.9x | 5.2x |
| Sun, 04 May 2025 | NZ$2.7b | NZ$486.3m | -NZ$8,228,044.00 | 70.2x | -325.5x | 5.5x |
| Tue, 01 Apr 2025 | NZ$2.7b | NZ$486.3m | -NZ$8,228,044.00 | 66.4x | -326.9x | 5.5x |
| Thu, 27 Feb 2025 | NZ$2.5b | NZ$475.9m | -NZ$14,698,044.00 | 64.9x | -167.7x | 5.2x |
| Sat, 25 Jan 2025 | NZ$2.6b | NZ$475.9m | -NZ$14,698,044.00 | 70x | -177.6x | 5.5x |
| Mon, 23 Dec 2024 | NZ$2.6b | NZ$475.9m | -NZ$14,698,044.00 | 71.2x | -177.7x | 5.5x |
| Wed, 20 Nov 2024 | NZ$2.4b | NZ$449.6m | -NZ$19,117,615.00 | 73.3x | -123.4x | 5.2x |
| Fri, 18 Oct 2024 | NZ$2.3b | NZ$443.9m | -NZ$21,173,615.00 | 76.3x | -109.5x | 5.2x |
| Sun, 15 Sep 2024 | NZ$2.4b | NZ$443.9m | -NZ$21,173,615.00 | 78.3x | -111.2x | 5.3x |
| Tue, 13 Aug 2024 | NZ$2.3b | NZ$444.9m | -NZ$20,551,615.00 | 72.2x | -111.9x | 5.2x |
| Thu, 11 Jul 2024 | NZ$2.2b | NZ$445.0m | -NZ$26,851,615.00 | 76.8x | -80.2x | 4.8x |
| Sat, 08 Jun 2024 | NZ$2.0b | NZ$445.0m | -NZ$26,851,615.00 | 69.6x | -74.3x | 4.5x |
| Mon, 06 May 2024 | NZ$1.8b | NZ$421.3m | -NZ$25,888,398.00 | 45.5x | -69x | 4.2x |
| Wed, 03 Apr 2024 | NZ$1.9b | NZ$421.3m | -NZ$25,888,398.00 | 46.7x | -72.6x | 4.5x |
| Fri, 01 Mar 2024 | NZ$1.8b | NZ$421.3m | -NZ$25,888,398.00 | 44.1x | -67.7x | 4.2x |
| Sun, 28 Jan 2024 | NZ$1.6b | NZ$424.8m | -NZ$30,428,398.00 | 36.3x | -52.5x | 3.8x |
| Tue, 26 Dec 2023 | NZ$1.6b | NZ$424.8m | -NZ$30,428,398.00 | 36.1x | -52.7x | 3.8x |
| Thu, 23 Nov 2023 | NZ$1.4b | NZ$407.9m | -NZ$32,374,829.00 | 29.1x | -44.7x | 3.5x |
| Sat, 21 Oct 2023 | NZ$1.4b | NZ$390.9m | -NZ$44,940,829.00 | 27.9x | -31.8x | 3.7x |
| Mon, 18 Sep 2023 | NZ$1.4b | NZ$390.9m | -NZ$44,940,829.00 | 26x | -31x | 3.6x |
| Wed, 16 Aug 2023 | NZ$1.4b | NZ$383.0m | -NZ$53,369,829.00 | 25.5x | -27x | 3.8x |
| Fri, 14 Jul 2023 | NZ$1.4b | NZ$383.0m | -NZ$53,369,829.00 | 25.2x | -26.6x | 3.7x |
| Sun, 11 Jun 2023 | NZ$1.3b | NZ$383.8m | -NZ$53,370,000.00 | 25.9x | -24x | 3.3x |
| Tue, 09 May 2023 | NZ$1.0b | NZ$336.7m | -NZ$80,330,453.00 | 11.6x | -12.9x | 3.1x |
| Thu, 06 Apr 2023 | NZ$1.0b | NZ$341.4m | -NZ$81,098,453.00 | 11.5x | -12.8x | 3x |
| Sat, 04 Mar 2023 | NZ$1.0b | NZ$341.7m | -NZ$79,687,453.00 | 12.7x | -13.1x | 3x |
| Mon, 30 Jan 2023 | NZ$1.0b | NZ$282.1m | -NZ$85,150,453.00 | n/a | -12.2x | 3.7x |
Price to Earnings Ratio
-12.2x
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 3.5x.
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 25% 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 | -0.48% | |
| Tech | -2.31% | |
| Software | -3.25% | |
| Application Software | -3.26% | |
| Systems Software | -1.00% | |
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 | |
|---|---|---|---|---|---|
| LOC Locate Technologies | NZ$0.08 | 9.6% +NZ$2.1m | n/a | PS3.4x | |
| SDL Solution Dynamics | NZ$0.76 | 5.6% +NZ$587.3k | 11.8% | PE4.3x |