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U.S. Application Software Industry Analysis

UpdatedJul 05, 2026
DataAggregated Company Financials
Companies364
  • 7D6.0%
  • 3M1.8%
  • 1Y-27.1%
  • YTDn/a

Over the last 7 days, the Application Software industry has risen 6.0%, driven by gains from Palantir Technologies of 14%. In the past year, the industry is down 27%. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Jul 2026US$1.7tUS$246.9bUS$6.7b28.7x257.3x6.9x
Tue, 02 Jun 2026US$1.9tUS$243.5bUS$7.2b30.6x268.3x7.9x
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
Price to Earnings Ratio

-192.2x


Total Market Cap: US$1.6tTotal Earnings: -US$8,143,555,148.00Total Revenue: US$198.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Application Software Industry Price to Earnings3Y Average 59.3x202420252026
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 257x which is higher than its 3-year average PE of 59.3x.
  • The 3-year average PS ratio of 9.0x is higher than the industry's current PS ratio of 6.9x.
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 7.6% 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 Market1.63%
Tech0.61%
Software4.86%
Application Software6.03%
Systems Software4.39%
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$129.3014.5%
+US$39.2b		-3.8%PE135.9x
APP AppLovinUS$527.0610.5%
+US$16.8b		54.3%PE45.2x
DDOG DatadogUS$260.368.6%
+US$7.3b		67.8%PE683.1x
ADBE AdobeUS$219.728.4%
+US$6.8b		-42.1%PE12.1x
MSTR StrategyUS$100.7722.4%
+US$6.5b		-75.1%PS72.2x

Latest News

CORZ
US$21.43
Core Scientific
7D
-21.2%
1Y
19.1%
Seeking Alpha • 12h

Core Scientific: A Bullish Bet On AI Power Scarcity

Summary Core Scientific is transitioning from a volatile Bitcoin miner to a high-density AI colocation provider with long-duration, contracted revenue streams. Q1 2026 results show colocation revenue surged to $77.5M, now the dominant segment, with gross profit margins of 57% and a multi-gigawatt power pipeline. The expanded CoreWeave partnership validates CORZ’s AI infrastructure pivot, supporting $10B+ in contracted revenue and 590MW leased, with further upside from pipeline conversion. Despite high leverage and customer concentration risks, CORZ offers high-risk/high-reward exposure to scarce AI power infrastructure amid industry-wide supply constraints. Read the full article on Seeking Alpha
CIFR
US$20.04
Cipher Digital
7D
-22.7%
1Y
231.2%
IREN
US$38.82
IREN
7D
-17.8%
1Y
130.8%
PLTR
US$129.30
Palantir Technologies
7D
14.5%
1Y
-3.8%
WULF
US$21.18
TeraWulf
7D
-18.0%
1Y
302.7%
CRM
US$166.11
Salesforce
7D
4.9%
1Y
-39.0%
WDAY
US$135.40
Workday
7D
9.0%
1Y
-44.0%
APP
US$527.06
AppLovin
7D
10.5%
1Y
54.3%
DDOG
US$260.36
Datadog
7D
8.6%
1Y
67.8%
HUT
US$97.14
Hut 8
7D
-21.0%
1Y
343.6%
Narrative Update • Jul 02

HUT: Beacon Point Power Leases Will Anchor Future AI Colocation Expansion

Hut 8's analyst fair value estimate has shifted from $115.75 to about $126.94 as analysts factor in higher price targets, which are tied to growing interest in its power-first data center model and AI colocation potential. Analyst Commentary Recent research on Hut 8 highlights a cluster of higher price targets centered on the company’s power-first data center approach, AI colocation focus, and development pipeline.
IOT
US$35.93
Samsara
7D
15.4%
1Y
-8.1%
CRCL
US$64.62
Circle Internet Group
7D
-12.2%
1Y
-65.8%
RIOT
US$22.11
Riot Platforms
7D
-22.6%
1Y
81.7%
ADBE
US$219.72
Adobe
7D
8.4%
1Y
-42.1%
Narrative Update • Jul 01

ADBE: Freemium AI Pivot And Buybacks Will Support Long-Term Cash Flows

Analysts have trimmed their fair value estimate for Adobe to $415.56 from $438.81, reflecting a broad reset in price targets as they factor in slower organic ARR guidance, a heavier push into freemium offerings, and leadership transitions that introduce more execution risk around AI and monetization plans. Analyst Commentary Recent research on Adobe highlights a clear shift in sentiment, with many firms cutting price targets and resetting expectations around organic ARR, leadership changes, and the company’s heavier focus on freemium.
MSTR
US$100.77
Strategy
7D
22.4%
1Y
-75.1%
SNPS
US$437.16
Synopsys
7D
-3.8%
1Y
-20.3%