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U.S. Application Software Industry Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies363
  • 7D-1.7%
  • 3M-8.8%
  • 1Y-15.9%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 2.9%, driven by a pullback from Palantir Technologies of 9.6%. Meanwhile, Fair Isaac actually outperformed within the industry, gaining 7.6% in the last week. However, the industry is down 15% over the past year. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

Has the U.S. Application Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Apr 2026US$1.7tUS$235.5bUS$15.7b32.1x108.3x7.2x
Sat, 28 Mar 2026US$1.7tUS$235.4bUS$20.8b29.3x80.6x7.1x
Mon, 23 Feb 2026US$1.7tUS$231.8bUS$23.0b24.4x73x7.3x
Wed, 21 Jan 2026US$2.1tUS$232.0bUS$34.2b29.9x61.5x9.1x
Fri, 19 Dec 2025US$2.2tUS$228.5bUS$39.1b29x57.5x9.8x
Sun, 16 Nov 2025US$2.2tUS$227.7bUS$36.6b29.9x60.4x9.7x
Tue, 14 Oct 2025US$2.3tUS$221.7bUS$31.8b35.2x72.9x10.5x
Thu, 11 Sep 2025US$2.3tUS$220.5bUS$31.6b35.2x74x10.6x
Sat, 09 Aug 2025US$2.3tUS$216.9bUS$29.1b38.5x80.3x10.8x
Mon, 07 Jul 2025US$2.3tUS$215.9bUS$17.0b45.1x132.3x10.4x
Wed, 04 Jun 2025US$2.1tUS$212.4bUS$17.5b37.8x122.5x10.1x
Fri, 02 May 2025US$2.0tUS$208.5bUS$21.6b31.4x91.5x9.5x
Sun, 30 Mar 2025US$1.9tUS$210.2bUS$20.3b28.1x92.2x8.9x
Tue, 25 Feb 2025US$2.2tUS$209.2bUS$20.1b38.5x107.3x10.3x
Thu, 23 Jan 2025US$2.1tUS$205.7bUS$20.3b43.3x104.8x10.3x
Sat, 21 Dec 2024US$2.1tUS$206.7bUS$19.9b42.2x106.4x10.2x
Mon, 18 Nov 2024US$2.1tUS$206.0bUS$19.4b41.3x107.1x10.1x
Wed, 16 Oct 2024US$1.8tUS$201.2bUS$19.0b38.5x96.4x9.1x
Fri, 13 Sep 2024US$1.7tUS$201.7bUS$18.6b36.7x93.2x8.6x
Sun, 11 Aug 2024US$1.7tUS$199.8bUS$17.2b33.5x96.5x8.3x
Tue, 09 Jul 2024US$1.8tUS$196.9bUS$16.5b40.6x107.4x9x
Thu, 06 Jun 2024US$1.6tUS$195.8bUS$15.8b41.9x99.4x8x
Sat, 04 May 2024US$1.7tUS$196.7bUS$11.9b44.9x138.4x8.4x
Mon, 01 Apr 2024US$1.8tUS$194.9bUS$11.2b48.7x158.4x9.1x
Wed, 28 Feb 2024US$1.8tUS$196.2bUS$8.4b46.2x212.9x9.2x
Fri, 26 Jan 2024US$1.8tUS$209.4bUS$2.0b47.8x936.6x8.8x
Sun, 24 Dec 2023US$1.8tUS$209.3bUS$2.6b47.4x714.3x8.7x
Tue, 21 Nov 2023US$1.7tUS$206.4bUS$133.3m48.1x12468.1x8.1x
Thu, 19 Oct 2023US$1.6tUS$203.9b-US$1,103,755,801.0045x-1420.2x7.7x
Sat, 16 Sep 2023US$1.6tUS$206.3b-US$2,113,806,643.0046.8x-764.6x7.8x
Mon, 14 Aug 2023US$1.5tUS$200.7b-US$4,190,290,738.0045.8x-368.4x7.7x
Wed, 12 Jul 2023US$1.6tUS$198.4b-US$8,143,555,148.0049.2x-192.2x7.9x
Fri, 09 Jun 2023US$1.5tUS$197.8b-US$6,159,452,589.0041.9x-236.9x7.4x
Sun, 07 May 2023US$1.3tUS$194.7b-US$6,584,399,298.0037.6x-197.7x6.7x
Price to Earnings Ratio

-197.7x


Total Market Cap: US$1.3tTotal Earnings: -US$6,584,399,298.00Total Revenue: US$194.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Application Software Industry Price to Earnings3Y Average 30.9x202420252026
Current Industry PE
  • Investors are optimistic on the American Application Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 110x which is higher than its 3-year average PE of 30.5x.
  • The 3-year average PS ratio of 9.0x is higher than the industry's current PS ratio of 7.3x.
Past Earnings Growth
  • Total earnings for the Application Software industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 6.6% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does U.S. Application Software compare with similar industries?

US Market-0.18%
Tech0.70%
Software-0.67%
Application Software-1.72%
Systems Software-0.23%
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
SNPS SynopsysUS$481.225.3%
+US$4.7b		4.8%PE83.4x
CDNS Cadence Design SystemsUS$329.955.0%
+US$4.3b		10.1%PE77.8x
INTU IntuitUS$395.083.1%
+US$3.3b		-36.6%PE25.2x
DDOG DatadogUS$133.984.8%
+US$2.2b		26.0%PE440x
WDAY WorkdayUS$122.436.8%
+US$2.0b		-50.4%PE45.4x

Latest News

FICO
US$1,043.57
Fair Isaac
7D
7.6%
1Y
-47.6%
IREN
US$42.86
IREN
7D
-17.6%
1Y
572.8%
CDNS
US$329.95
Cadence Design Systems
7D
5.0%
1Y
10.1%
ADBE
US$243.57
Adobe
7D
-4.8%
1Y
-35.0%

Adobe: Cheap For All The Wrong Reasons

Apr 29
WDAY
US$122.43
Workday
7D
6.8%
1Y
-50.4%
APP
US$443.43
AppLovin
7D
-2.4%
1Y
58.7%

AppLovin: The Only Software Company I'm Buying

Apr 29
SNPS
US$481.22
Synopsys
7D
5.3%
1Y
4.8%
PLTR
US$137.97
Palantir Technologies
7D
-2.5%
1Y
18.7%
IOT
US$29.37
Samsara
7D
-8.3%
1Y
-25.9%

IOT: Future Returns Will Reflect AI Safety Data In Connected Fleets

The analyst price target for Samsara has been refined modestly, reflecting a mix of recent target hikes and cuts that reference strong ARR growth, expanding relationships with larger customers, and views of the company as a potential AI beneficiary, while some firms reset expectations after earlier target reductions. Analyst Commentary Recent research on Samsara reflects a generally constructive tone on growth and execution, with some pullbacks in price targets as valuation expectations reset.
CRCL
US$95.56
Circle Internet Group
7D
-8.4%
1Y
n/a

Circle: High Upside As Arc Payments Scale

Apr 27
ADSK
US$235.87
Autodesk
7D
1.7%
1Y
-13.8%

ADSK: Margin Expansion And Sales Model Shift Will Support Future Rebound

The Analyst Price Target for Autodesk has been adjusted modestly to $325.55 from $331.62 as analysts balance Q4 strength, solid FY27 guidance and margin support with lower sector multiples and recent target cuts across several covering firms. Analyst Commentary Recent research on Autodesk reflects a split view, with many firms trimming price targets while still highlighting execution, margin potential and long term growth initiatives, and at least one downgrade pointing to sector and sentiment pressures.
DDOG
US$133.98
Datadog
7D
4.8%
1Y
26.0%

Datadog: AI Complexity Turning It Into A Must-Have Platform

Apr 25
MSTR
US$158.19
Strategy
7D
-11.8%
1Y
-58.4%

Selling The Furniture To Pay The Rent: The Unsustainable Reality Of Strategy, Inc. Preferred

Apr 25
INTU
US$395.08
Intuit
7D
3.1%
1Y
-36.6%

Intuit Has Fallen Too Far (Rating Upgrade)

Apr 25
CRM
US$181.22
Salesforce
7D
-4.5%
1Y
-32.6%

The Right Play On Salesforce

Apr 24
ZM
US$95.76
Zoom Communications
7D
4.2%
1Y
23.5%

ZM: AI Integration And Anthropic Stake Are Expected To Support Steady Outlook

Analysts have made only modest adjustments to Zoom Communications' price targets, with figures now ranging from about $74 to $115, as they factor in recent Q4 execution, the Claude Cowork launch, and the potential impact of the Anthropic investment on future growth drivers and margins. Analyst Commentary Recent research on Zoom Communications reflects a split view, with some analysts focusing on AI driven upside and execution, while others question how the company stacks up against faster growing software peers.