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U.S. Application Software Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies353
  • 7D8.6%
  • 3M-19.8%
  • 1Y-6.3%
  • YTDn/a

Over the last 7 days, the Application Software industry has risen 8.6%, driven by gains from Palantir Technologies of 15%. During this same period, the IREN underperformed, falling 10%. In contrast, the industry has lost 6.3% in the last 12 months. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Mar 2026US$1.9tUS$235.8bUS$20.3b27x91.5x7.9x
Tue, 03 Feb 2026US$1.9tUS$231.4bUS$34.1b27.1x55.6x8.2x
Thu, 01 Jan 2026US$2.3tUS$228.5bUS$39.1b29.6x58.5x10x
Sat, 29 Nov 2025US$2.2tUS$226.6bUS$38.0b28.5x57.1x9.6x
Mon, 27 Oct 2025US$2.4tUS$221.7bUS$31.9b32.6x75.5x10.9x
Wed, 24 Sep 2025US$2.4tUS$221.2bUS$31.7b35.2x77x11x
Fri, 22 Aug 2025US$2.2tUS$217.3bUS$30.1b35.2x74.4x10.3x
Sun, 20 Jul 2025US$2.3tUS$213.3bUS$16.5b45.7x138.2x10.7x
Tue, 17 Jun 2025US$2.2tUS$216.0bUS$16.6b41.2x130.1x10x
Thu, 15 May 2025US$2.2tUS$210.4bUS$16.7b32.8x130.2x10.3x
Sat, 12 Apr 2025US$1.8tUS$209.2bUS$21.4b26.9x82.8x8.5x
Mon, 10 Mar 2025US$2.0tUS$211.1bUS$19.7b32.4x99.8x9.3x
Wed, 05 Feb 2025US$2.2tUS$206.7bUS$20.8b42.7x105.4x10.6x
Fri, 03 Jan 2025US$2.1tUS$206.7bUS$20.0b40.7x104.6x10.1x
Sun, 01 Dec 2024US$2.2tUS$205.7bUS$19.6b42.4x111.1x10.6x
Tue, 29 Oct 2024US$1.8tUS$201.6bUS$19.1b38.2x96.1x9.1x
Thu, 26 Sep 2024US$1.8tUS$201.9bUS$18.9b37.8x94.2x8.8x
Sat, 24 Aug 2024US$1.7tUS$201.1bUS$17.3b36.8x100.4x8.7x
Mon, 22 Jul 2024US$1.7tUS$197.0bUS$16.8b41.4x101.8x8.7x
Wed, 19 Jun 2024US$1.6tUS$197.6bUS$16.4b40.9x100.4x8.3x
Fri, 17 May 2024US$1.7tUS$194.2bUS$14.0b45.1x123x8.9x
Sun, 14 Apr 2024US$1.7tUS$195.3bUS$11.3b45.3x154x8.9x
Tue, 12 Mar 2024US$1.8tUS$199.3bUS$11.3b49x161.2x9.2x
Thu, 08 Feb 2024US$1.8tUS$193.9bUS$4.8b51x363.7x9x
Sat, 06 Jan 2024US$1.7tUS$209.4bUS$2.6b47.7x674.2x8.2x
Mon, 04 Dec 2023US$1.8tUS$208.5bUS$2.0b48x888x8.4x
Wed, 01 Nov 2023US$1.5tUS$204.5b-US$795,421,591.0044.1x-1889.7x7.4x
Fri, 29 Sep 2023US$1.5tUS$204.0b-US$1,607,618,794.0045.6x-956.2x7.5x
Sun, 27 Aug 2023US$1.6tUS$201.6b-US$3,374,323,336.0045.1x-462.7x7.7x
Tue, 25 Jul 2023US$1.6tUS$198.7b-US$8,015,613,967.0048.3x-198.8x8x
Thu, 22 Jun 2023US$1.5tUS$198.4b-US$5,985,539,551.0043.1x-249.1x7.5x
Sat, 20 May 2023US$1.4tUS$195.9b-US$6,936,943,315.0038.4x-200.4x7.1x
Mon, 17 Apr 2023US$1.4tUS$196.7b-US$4,557,835,957.0042.3x-305.1x7.1x
Wed, 15 Mar 2023US$1.3tUS$196.9b-US$5,200,546,241.0043.1x-250.2x6.6x
Price to Earnings Ratio

-250.2x


Total Market Cap: US$1.3tTotal Earnings: -US$5,200,546,241.00Total Revenue: US$196.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Application Software Industry Price to Earnings3Y Average 12.8x202420252026
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 91.5x which is higher than its 3-year average PE of 12.5x.
  • The 3-year average PS ratio of 9.0x is higher than the industry's current PS ratio of 7.9x.
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 6.2% 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-2.31%
Tech-0.53%
Software6.14%
Application Software8.64%
Systems Software5.05%
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
PLTR Palantir TechnologiesUS$157.1614.6%
+US$47.8b		85.1%PE231.3x
APP AppLovinUS$502.1415.5%
+US$22.7b		85.6%PE49.3x
INTU IntuitUS$481.1717.6%
+US$20.0b		-21.1%PE30.7x
ADBE AdobeUS$283.628.1%
+US$8.6b		-36.9%PE16.2x
DDOG DatadogUS$125.7512.3%
+US$4.9b		14.7%PE413x

Latest News

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Circle Internet Group
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1Y
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CIFR
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1Y
250.1%
APP
US$502.14
AppLovin
7D
15.5%
1Y
85.6%
INTU
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HUT
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Hut 8
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1Y
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US$13.75
TeraWulf
7D
-15.2%
1Y
281.9%

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CORZ
US$14.86
Core Scientific
7D
-12.4%
1Y
91.0%

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SNPS
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Synopsys
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5.7%
1Y
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ADBE
US$283.62
Adobe
7D
8.1%
1Y
-36.9%

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Our updated view trims Adobe's fair value estimate from $447.56 to $408.47, reflecting a lower assumed future P/E of about 21.2x. This is in line with a wave of reduced Street price targets around $290 to $375 and analyst concerns about competitive pressure, AI related execution risks, and more muted near term upside for the shares.
RIOT
US$14.17
Riot Platforms
7D
-13.0%
1Y
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IREN
US$36.70
IREN
7D
-10.4%
1Y
376.6%

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CDNS
US$296.94
Cadence Design Systems
7D
-1.5%
1Y
22.1%

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PONY
US$12.48
Pony AI
7D
-13.0%
1Y
-17.9%
DDOG
US$125.75
Datadog
7D
12.3%
1Y
14.7%
PLTR
US$157.16
Palantir Technologies
7D
14.6%
1Y
85.1%

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WDAY
US$151.04
Workday
7D
12.9%
1Y
-40.2%

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