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U.S. Application Software Industry Analysis

UpdatedMay 04, 2026
DataAggregated Company Financials
Companies363
  • 7D2.6%
  • 3M-1.9%
  • 1Y-14.9%
  • YTDn/a

In the last week, the Application Software industry is up 2.6%, with Atlassian leading the way, up 28%. In the same time, InterDigital was down 20%. In contrast, the industry has lost 15% in the last 12 months. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 05 May 2026US$1.8tUS$236.3bUS$15.3b33.3x115.9x7.5x
Thu, 02 Apr 2026US$1.7tUS$235.5bUS$20.4b33x81.9x7.1x
Sat, 28 Feb 2026US$1.7tUS$235.5bUS$23.2b26.5x74.7x7.3x
Mon, 26 Jan 2026US$2.1tUS$232.0bUS$34.2b29.6x61.1x9x
Wed, 24 Dec 2025US$2.3tUS$228.5bUS$39.1b30.6x60.1x10.3x
Fri, 21 Nov 2025US$2.1tUS$226.0bUS$36.7b26.8x57.6x9.4x
Sun, 19 Oct 2025US$2.3tUS$221.7bUS$31.8b33.2x73.3x10.5x
Tue, 16 Sep 2025US$2.3tUS$221.3bUS$31.9b34.7x72.5x10.5x
Thu, 14 Aug 2025US$2.3tUS$216.9bUS$32.8b36.5x70.6x10.7x
Sat, 12 Jul 2025US$2.3tUS$215.9bUS$17.1b44.9x133.6x10.6x
Mon, 09 Jun 2025US$2.2tUS$214.5bUS$17.7b41.1x124.8x10.3x
Wed, 07 May 2025US$2.0tUS$209.3bUS$16.8b32.7x121x9.7x
Fri, 04 Apr 2025US$1.9tUS$209.3bUS$21.4b28.3x88.6x9.1x
Sun, 02 Mar 2025US$2.0tUS$209.8bUS$19.2b34.9x106.3x9.7x
Tue, 28 Jan 2025US$2.2tUS$205.7bUS$20.3b43.7x106.3x10.5x
Thu, 26 Dec 2024US$2.2tUS$206.7bUS$19.9b41.5x109.7x10.6x
Sat, 23 Nov 2024US$2.2tUS$206.4bUS$19.2b42.4x111.8x10.4x
Mon, 21 Oct 2024US$1.8tUS$201.3bUS$19.0b37.6x96.6x9.1x
Wed, 18 Sep 2024US$1.7tUS$201.9bUS$18.9b38.9x91.9x8.6x
Fri, 16 Aug 2024US$1.7tUS$199.9bUS$17.2b35.3x98.1x8.4x
Sun, 14 Jul 2024US$1.7tUS$197.0bUS$16.8b40.8x103.7x8.8x
Tue, 11 Jun 2024US$1.6tUS$197.0bUS$16.1b40.4x100.1x8.2x
Thu, 09 May 2024US$1.7tUS$197.4bUS$12.6b45x133.7x8.5x
Sat, 06 Apr 2024US$1.7tUS$195.0bUS$11.3b45.3x152.8x8.9x
Mon, 04 Mar 2024US$1.9tUS$198.0bUS$11.1b47.6x167.8x9.4x
Wed, 31 Jan 2024US$1.9tUS$209.5bUS$2.0b51.2x939.2x9x
Fri, 29 Dec 2023US$1.8tUS$209.4bUS$2.6b47.9x719.5x8.8x
Sun, 26 Nov 2023US$1.7tUS$206.5bUS$206.4m48x8125.3x8.1x
Tue, 24 Oct 2023US$1.5tUS$203.9b-US$1,106,598,221.0043.6x-1371.5x7.4x
Thu, 21 Sep 2023US$1.6tUS$207.3b-US$1,847,191,669.0047.7x-856.9x7.6x
Sat, 19 Aug 2023US$1.5tUS$201.1b-US$3,887,688,996.0045.1x-388.5x7.5x
Mon, 17 Jul 2023US$1.6tUS$198.5b-US$8,149,887,811.0048.3x-196.4x8.1x
Wed, 14 Jun 2023US$1.5tUS$197.9b-US$6,125,783,131.0044.2x-247.3x7.7x
Fri, 12 May 2023US$1.3tUS$195.8b-US$6,990,394,230.0037.6x-189.1x6.8x
Price to Earnings Ratio

-189.1x


Total Market Cap: US$1.3tTotal Earnings: -US$6,990,394,230.00Total Revenue: US$195.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Application Software Industry Price to Earnings3Y Average 32.5x202420252026
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 116x which is higher than its 3-year average PE of 32.2x.
  • The 3-year average PS ratio of 9.0x is higher than the industry's current PS ratio of 7.5x.
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 6.5% 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 Market0.91%
Tech0.52%
Software-0.45%
Application Software2.64%
Systems Software-1.71%
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$146.033.4%
+US$11.6b		34.1%PE215.4x
CRCL Circle Internet GroupUS$119.5325.2%
+US$5.8b		n/aPS10.6x
DDOG DatadogUS$146.6910.6%
+US$5.3b		38.8%PE484.6x
TEAM AtlassianUS$93.1633.6%
+US$5.3b		-55.2%PS3.8x
MSTR StrategyUS$183.808.6%
+US$5.1b		-52.4%PS134.2x

Latest News

ZM
US$106.63
Zoom Communications
7D
17.4%
1Y
36.3%
PLTR
US$146.03
Palantir Technologies
7D
3.4%
1Y
34.1%
CIFR
US$17.89
Cipher Digital
7D
-1.5%
1Y
500.3%
TEAM
US$93.16
Atlassian
7D
33.6%
1Y
-55.2%
INTU
US$406.99
Intuit
7D
4.4%
1Y
-35.6%
IDCC
US$272.96
InterDigital
7D
-24.6%
1Y
28.2%
TYL
US$327.25
Tyler Technologies
7D
-3.1%
1Y
-40.4%

Tyler Technologies: Encouraging Recovery In Bookings (Rating Upgrade)

May 03
ROP
US$355.23
Roper Technologies
7D
0.8%
1Y
-37.8%

ROP: Software Cash Flows And Buybacks Will Support Post Reset Re Rating

Roper Technologies' updated fair value estimate has moved from $461.25 to $453.75 as analysts factor in a slightly higher discount rate, modestly adjusted revenue growth and profit margin assumptions, and a lower future P/E, while recent Street research includes several price target increases and one reduction. Analyst Commentary Street research on Roper Technologies has been active, with several bullish price target changes and one reduction, reflecting different views on how the company may execute against expectations and how its valuation stacks up against those assumptions.
DDOG
US$146.69
Datadog
7D
10.6%
1Y
38.8%
APP
US$475.00
AppLovin
7D
3.2%
1Y
57.4%

APP: Share Repurchases Will Support Future Upside At Current Pricing

Analysts now see AppLovin's fair value holding at $860, with a slightly lower discount rate, a modestly higher revenue growth outlook near 40%, a stable profit margin around 72%, and a marginally lower future P/E closer to 34. Together, these factors support a steady price target narrative rather than a major reset.
SNPS
US$497.50
Synopsys
7D
-0.2%
1Y
4.2%
CRCL
US$119.53
Circle Internet Group
7D
25.2%
1Y
n/a

Circle: High Upside As Arc Payments Scale

Apr 27
PONY
US$10.40
Pony AI
7D
-1.4%
1Y
7.2%
MSTR
US$183.80
Strategy
7D
8.6%
1Y
-52.4%

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

Apr 25
DGNX
US$1.85
Diginex
7D
-47.5%
1Y
-97.8%