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New Zealand (NZX) Application Software Industry Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies7
  • 7D-6.4%
  • 3M-14.7%
  • 1Y-41.0%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 8.5%, driven by a pullback from Vista Group International of 9.6%. The industry has fallen 42% in the last year. Looking forward, earnings are forecast to grow by 39% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026NZ$1.6bNZ$552.8m-NZ$7,563,646.4421x-212.9x2.9x
Fri, 16 Jan 2026NZ$2.1bNZ$552.8m-NZ$7,554,415.1124.3x-273.8x3.7x
Sun, 14 Dec 2025NZ$2.1bNZ$545.8m-NZ$5,437,706.0025.6x-394.8x3.9x
Tue, 11 Nov 2025NZ$2.0bNZ$518.3m-NZ$11,563,685.0044x-174.3x3.9x
Thu, 09 Oct 2025NZ$2.2bNZ$518.3m-NZ$11,563,685.0045.9x-189.8x4.2x
Sat, 06 Sep 2025NZ$2.3bNZ$518.3m-NZ$11,563,685.0049.2x-195.8x4.4x
Mon, 04 Aug 2025NZ$2.4bNZ$511.5m-NZ$12,393,685.0050.9x-195x4.7x
Wed, 02 Jul 2025NZ$2.6bNZ$511.5m-NZ$12,393,685.0060.1x-212.9x5.2x
Fri, 30 May 2025NZ$2.5bNZ$510.3m-NZ$14,516,044.0057.5x-174.6x5x
Sun, 27 Apr 2025NZ$2.5bNZ$486.3m-NZ$8,228,044.0063.8x-303.8x5.1x
Tue, 25 Mar 2025NZ$2.6bNZ$486.3m-NZ$8,228,044.0061.4x-314.6x5.3x
Thu, 20 Feb 2025NZ$2.7bNZ$475.9m-NZ$14,698,044.0071.7x-180.4x5.6x
Sat, 18 Jan 2025NZ$2.6bNZ$475.9m-NZ$14,698,044.0071.2x-174.4x5.4x
Mon, 16 Dec 2024NZ$2.7bNZ$475.9m-NZ$14,698,044.0074.7x-183.2x5.7x
Wed, 13 Nov 2024NZ$2.4bNZ$449.6m-NZ$19,117,615.0075.6x-125.1x5.3x
Fri, 11 Oct 2024NZ$2.3bNZ$443.9m-NZ$21,173,615.0079.9x-110.2x5.3x
Sun, 08 Sep 2024NZ$2.3bNZ$443.9m-NZ$21,173,615.0075x-110x5.2x
Tue, 06 Aug 2024NZ$2.1bNZ$445.0m-NZ$26,851,615.0070.2x-78.3x4.7x
Thu, 04 Jul 2024NZ$2.1bNZ$445.0m-NZ$26,851,615.0072.7x-77.8x4.7x
Sat, 01 Jun 2024NZ$2.0bNZ$446.7m-NZ$26,339,398.0069.5x-75.2x4.4x
Mon, 29 Apr 2024NZ$1.8bNZ$421.3m-NZ$25,888,398.0045x-67.6x4.2x
Wed, 27 Mar 2024NZ$1.9bNZ$421.3m-NZ$25,888,398.0046.1x-71.8x4.4x
Fri, 23 Feb 2024NZ$1.7bNZ$421.7m-NZ$24,304,398.0043.7x-70.5x4.1x
Sun, 21 Jan 2024NZ$1.6bNZ$424.8m-NZ$30,428,398.0036.2x-51.8x3.7x
Tue, 19 Dec 2023NZ$1.6bNZ$424.8m-NZ$30,428,398.0037.1x-53.7x3.8x
Thu, 16 Nov 2023NZ$1.5bNZ$390.9m-NZ$44,940,829.0028.5x-32.5x3.7x
Sat, 14 Oct 2023NZ$1.5bNZ$390.9m-NZ$44,940,829.0029.3x-32.9x3.8x
Mon, 11 Sep 2023NZ$1.4bNZ$390.9m-NZ$44,940,829.0024.4x-30.3x3.5x
Wed, 09 Aug 2023NZ$1.4bNZ$383.0m-NZ$53,369,829.0025.4x-26.8x3.7x
Fri, 07 Jul 2023NZ$1.4bNZ$383.0m-NZ$53,369,829.0025.6x-26.5x3.7x
Sun, 04 Jun 2023NZ$1.2bNZ$383.8m-NZ$53,370,000.0025.7x-22.7x3.2x
Tue, 02 May 2023NZ$1.0bNZ$341.4m-NZ$81,098,453.0011.5x-12.6x3x
Thu, 30 Mar 2023NZ$973.5mNZ$341.4m-NZ$81,098,453.0011.3x-12x2.9x
Sat, 25 Feb 2023NZ$1.0bNZ$322.2m-NZ$82,587,453.0012.3x-12.7x3.3x
Price to Earnings Ratio

-12.7x


Total Market Cap: NZ$1.0bTotal Earnings: -NZ$82,587,453.00Total Revenue: NZ$322.2mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Application Software Industry Price to Earnings3Y Average -127.3x202420252026
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 2.9x.
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-3.25%
Tech-5.64%
Software-6.27%
Application Software-6.39%
Systems Software12.00%
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?

CompanyLast Price7D1YValuation
GTK Gentrack GroupNZ$7.431.8%
+NZ$14.6m		-39.5%PE40x
TWL Trade Window HoldingsNZ$0.242.1%
+NZ$1.0m		22.5%PS4.5x
LOC Locate TechnologiesNZ$0.0741.4%
+NZ$297.6k		n/aPS3.1x

Latest News

TWL
NZ$0.24
Trade Window Holdings
7D
2.1%
1Y
22.5%
SKO
NZ$2.15
Serko
7D
-10.4%
1Y
-44.9%

Serko Limited (NZSE:SKO) Shares May Have Slumped 25% But Getting In Cheap Is Still Unlikely

Feb 11
Serko Limited (NZSE:SKO) Shares May Have Slumped 25% But Getting In Cheap Is Still Unlikely
BPG
NZ$1.00
Black Pearl Group
7D
-4.8%
1Y
19.0%
VGL
NZ$1.79
Vista Group International
7D
-5.8%
1Y
-44.6%

VGL: Future Margin Improvements Will Support Upside From Current Undervalued Share Price

Analysts have modestly adjusted their price target on Vista Group International, citing small updates to assumptions on the discount rate, revenue, profit margin and future P/E that fine tune rather than overhaul their view on the shares. Valuation Changes Fair Value: The fair value estimate is unchanged at NZ$2.80 per share, reflecting only minor model tweaks rather than a different view on the shares.
LOC
NZ$0.074
Locate Technologies
7D
1.4%
1Y
n/a
GTK
NZ$7.43
Gentrack Group
7D
1.8%
1Y
-39.5%
SDL
NZ$0.74
Solution Dynamics
7D
-3.2%
1Y
14.6%