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New Zealand (NZX) Software Industry Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies8
  • 7D4.8%
  • 3M-20.1%
  • 1Y-50.4%
  • YTD-38.0%

Over the last 7 days, the Software industry has risen 4.8%, driven by gains from Vista Group International of 10%. In contrast, the industry has lost 50% in the last 12 months. As for the next few years, earnings are expected to grow by 37% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 May 2026NZ$1.3bNZ$586.9m-NZ$2,976,965.0023.9x-445.9x2.3x
Mon, 20 Apr 2026NZ$1.5bNZ$576.0m-NZ$9,533,965.0031.8x-152.7x2.5x
Wed, 18 Mar 2026NZ$1.7bNZ$576.3m-NZ$8,564,264.1240.9x-195.9x2.9x
Fri, 13 Feb 2026NZ$1.8bNZ$577.7m-NZ$7,673,191.8621.6x-228.7x3x
Sun, 11 Jan 2026NZ$2.1bNZ$577.7m-NZ$7,657,320.8524.6x-273.8x3.6x
Tue, 09 Dec 2025NZ$2.1bNZ$570.7m-NZ$5,538,706.0025.9x-385.5x3.7x
Thu, 06 Nov 2025NZ$2.0bNZ$543.1m-NZ$11,664,685.0044x-172.1x3.7x
Sat, 04 Oct 2025NZ$2.2bNZ$543.2m-NZ$11,437,685.0087.6x-195.4x4.1x
Mon, 01 Sep 2025NZ$2.3bNZ$543.3m-NZ$11,437,685.0084.4x-197.5x4.2x
Wed, 30 Jul 2025NZ$2.5bNZ$535.7m-NZ$11,402,685.0010.5x-215.9x4.6x
Fri, 27 Jun 2025NZ$2.6bNZ$535.7m-NZ$11,402,685.0014.8x-227.1x4.8x
Sun, 25 May 2025NZ$2.6bNZ$536.5m-NZ$13,525,044.0015.2x-189.3x4.8x
Tue, 22 Apr 2025NZ$2.5bNZ$510.5m-NZ$7,237,044.0015.4x-346.7x4.9x
Thu, 20 Mar 2025NZ$2.6bNZ$510.5m-NZ$7,237,044.0017.2x-357x5.1x
Sat, 15 Feb 2025NZ$2.6bNZ$497.9m-NZ$14,705,044.0071.3x-179.3x5.3x
Mon, 13 Jan 2025NZ$2.7bNZ$497.9m-NZ$14,705,044.0072.1x-182.2x5.4x
Wed, 11 Dec 2024NZ$2.7bNZ$497.9m-NZ$14,705,044.0074.2x-183.1x5.4x
Fri, 08 Nov 2024NZ$2.3bNZ$471.5m-NZ$19,124,615.0072.8x-120.1x4.9x
Sun, 06 Oct 2024NZ$2.2bNZ$465.9m-NZ$21,180,615.0076.6x-106x4.8x
Tue, 03 Sep 2024NZ$2.3bNZ$466.0m-NZ$21,051,615.0054.3x-109.8x5x
Thu, 01 Aug 2024NZ$2.2bNZ$466.6m-NZ$32,570,615.0075.1x-67.1x4.7x
Sat, 29 Jun 2024NZ$2.1bNZ$466.6m-NZ$32,570,615.0073.4x-63.6x4.4x
Mon, 27 May 2024NZ$1.9bNZ$460.6m-NZ$34,153,398.0070.2x-55.9x4.1x
Wed, 24 Apr 2024NZ$1.8bNZ$442.9m-NZ$31,607,398.0044.8x-56.2x4x
Fri, 22 Mar 2024NZ$1.9bNZ$442.9m-NZ$31,607,398.0045.6x-59x4.2x
Sun, 18 Feb 2024NZ$1.7bNZ$442.5m-NZ$34,583,398.0042x-50.5x3.9x
Tue, 16 Jan 2024NZ$1.6bNZ$445.5m-NZ$40,707,398.0036.7x-40.3x3.7x
Thu, 14 Dec 2023NZ$1.6bNZ$445.5m-NZ$40,707,398.0035.6x-38.7x3.5x
Sat, 11 Nov 2023NZ$1.4bNZ$411.6m-NZ$55,219,829.0028.7x-26.1x3.5x
Mon, 09 Oct 2023NZ$1.4bNZ$411.6m-NZ$55,219,829.0028x-26.1x3.5x
Wed, 06 Sep 2023NZ$1.4bNZ$411.9m-NZ$56,493,829.0025.2x-24.8x3.4x
Fri, 04 Aug 2023NZ$1.5bNZ$402.2m-NZ$59,595,829.0026.1x-24.4x3.6x
Sun, 02 Jul 2023NZ$1.4bNZ$402.2m-NZ$59,595,829.0025.7x-23.3x3.4x
Tue, 30 May 2023NZ$1.3bNZ$403.3m-NZ$62,856,453.0027x-20.1x3.1x
Price to Earnings Ratio

-20.1x


Total Market Cap: NZ$1.3bTotal Earnings: -NZ$62,856,453.00Total Revenue: NZ$403.3mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Software Industry Price to Earnings3Y Average -141.6x202420252026
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 2.3x.
Past Earnings Growth
  • The earnings for companies in the Software industry have improved over the last three years.
  • Revenues for these companies have grown 13% 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 Market0.00022%
Tech3.13%
Software4.80%
Application Software4.82%
Systems Software2.53%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 37% over the next 5 years.
    • This is better than its past earnings decline of 8.4% per year.
    • In contrast, the Application Software industry is expected to see its earnings grow by 37% 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$2.2810.1%
    +NZ$50.3m    		-34.9%PE287.1x
    		SKO SerkoNZ$1.6413.1%
    +NZ$23.5m    		-45.3%PS1.7x
    		TWL Trade Window HoldingsNZ$0.234.5%
    +NZ$1.6m    		27.8%PS4.2x
    		ENS Enprise GroupNZ$0.412.5%
    +NZ$220.6k    		-46.0%PS0.4x

    Latest News

    BPG
    NZ$0.66
    Black Pearl Group
    7D
    -4.4%
    1Y
    -6.4%
    SKO
    NZ$1.64
    Serko
    7D
    13.1%
    1Y
    -45.3%
    GTK
    NZ$4.00
    Gentrack Group
    7D
    -2.4%
    1Y
    -66.0%
    Analysis Article • May 20

    Gentrack Group Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

    Gentrack Group Limited ( NZSE:GTK ) came out with its interim results last week, and we wanted to see how the business...
    VGL
    NZ$2.28
    Vista Group International
    7D
    10.1%
    1Y
    -34.9%
    Narrative Update • May 20

    VGL: Index Exit And Board Contest Will Shape Future Balanced Outlook

    Analysts have maintained their fair value estimate for Vista Group International at NZ$1.82, while refining assumptions around the discount rate, revenue growth, profit margin and future P/E, which contributes to the updated price target narrative. What's in the News Vista Group International scheduled its annual shareholders’ meeting for May 21, 2026, and filed the related notice with shareholders.
    TWL
    NZ$0.23
    Trade Window Holdings
    7D
    4.5%
    1Y
    27.8%
    SDL
    NZ$0.57
    Solution Dynamics
    7D
    -7.3%
    1Y
    -9.5%
    ENS
    NZ$0.41
    Enprise Group
    7D
    2.5%
    1Y
    -46.0%