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U.S. Systems Software Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies72
  • 7D-6.6%
  • 3M-20.9%
  • 1Y-5.7%
  • YTDn/a

Over the last 7 days, the Systems Software industry has dropped 14%, driven by Microsoft declining 14%. On the other hand Dolby Laboratories is actually up 5.4%. Overall the industry is down 4.8% in 12 months. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026US$4.1tUS$429.3bUS$140.1b28x29.2x9.5x
Sat, 03 Jan 2026US$4.7tUS$416.9bUS$125.7b36.4x37.7x11.4x
Mon, 01 Dec 2025US$4.9tUS$413.8bUS$123.2b37.6x39.9x11.9x
Wed, 29 Oct 2025US$5.5tUS$399.7bUS$120.0b40.5x46.1x13.8x
Fri, 26 Sep 2025US$5.4tUS$399.6bUS$120.0b37x45x13.5x
Sun, 24 Aug 2025US$5.1tUS$397.5bUS$120.0b37x42.6x12.9x
Tue, 22 Jul 2025US$5.2tUS$383.0bUS$114.3b39.2x45.6x13.6x
Thu, 19 Jun 2025US$4.9tUS$383.0bUS$114.3b41.1x42.8x12.8x
Sat, 17 May 2025US$4.5tUS$380.6bUS$114.3b36x39.7x11.9x
Mon, 14 Apr 2025US$3.9tUS$372.1bUS$110.4b30.5x35.1x10.4x
Wed, 12 Mar 2025US$3.9tUS$372.1bUS$110.4b30.5x34.9x10.4x
Fri, 07 Feb 2025US$4.3tUS$379.1bUS$111.6b40.2x38.3x11.3x
Sun, 05 Jan 2025US$4.3tUS$362.5bUS$108.9b38x39.5x11.9x
Tue, 03 Dec 2024US$4.4tUS$361.1bUS$107.9b39.4x40.4x12.1x
Thu, 31 Oct 2024US$4.3tUS$351.1bUS$105.3b42x41.1x12.3x
Sat, 28 Sep 2024US$4.3tUS$350.5bUS$105.1b40.2x40.7x12.2x
Mon, 26 Aug 2024US$4.1tUS$349.1bUS$104.4b37.8x38.9x11.6x
Wed, 24 Jul 2024US$4.2tUS$333.6bUS$101.7b39.6x41x12.5x
Fri, 21 Jun 2024US$4.2tUS$333.7bUS$101.6b39.1x41.4x12.6x
Sun, 19 May 2024US$3.6tUS$279.9bUS$90.9b42.2x39.9x13x
Tue, 16 Apr 2024US$3.6tUS$271.0bUS$87.1b38.6x41.5x13.3x
Thu, 14 Mar 2024US$3.6tUS$270.9bUS$87.1b41.1x41.2x13.3x
Sat, 10 Feb 2024US$3.7tUS$270.0bUS$85.0b39.4x43.2x13.6x
Mon, 08 Jan 2024US$3.3tUS$276.8bUS$80.3b41.1x40.7x11.8x
Wed, 06 Dec 2023US$3.3tUS$276.8bUS$80.3b42.3x40.8x11.8x
Fri, 03 Nov 2023US$3.1tUS$280.4bUS$80.1b42.3x38.4x11x
Sun, 01 Oct 2023US$2.9tUS$273.4bUS$74.8b42.3x38.1x10.4x
Tue, 29 Aug 2023US$2.9tUS$272.8bUS$74.5b42.3x38.9x10.6x
Thu, 27 Jul 2023US$3.0tUS$266.6bUS$71.6b49.3x41.5x11.1x
Sat, 24 Jun 2023US$2.9tUS$262.1bUS$68.3b44x42.9x11.2x
Mon, 22 May 2023US$2.8tUS$261.1bUS$68.0b41.6x40.7x10.6x
Wed, 19 Apr 2023US$2.5tUS$256.9bUS$65.0b44.2x39x9.9x
Fri, 17 Mar 2023US$2.4tUS$256.8bUS$65.3b42.3x37.2x9.5x
Sun, 12 Feb 2023US$2.3tUS$243.1bUS$63.4b43.2x35.9x9.4x
Price to Earnings Ratio

35.9x


Total Market Cap: US$2.3tTotal Earnings: US$63.4bTotal Revenue: US$243.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Systems Software Industry Price to Earnings3Y Average 40.2x202420252026
Current Industry PE
  • Investors are pessimistic on the American Systems Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 30.2x which is lower than its 3-year average PE of 40.2x.
  • The 3-year average PS ratio of 11.8x is higher than the industry's current PS ratio of 9.8x.
Past Earnings Growth
  • The earnings for companies in the Systems Software industry have grown 30% per year over the last three years.
  • Revenues for these companies have grown 21% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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

US Market-1.46%
Tech-6.07%
Software-9.37%
Systems Software-6.60%
Application Software-15.06%
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
DLB Dolby LaboratoriesUS$64.485.4%
+US$332.2m		-23.6%PE25.6x
AUID authIDUS$1.6817.5%
+US$3.8m		-75.3%PS13.8x

Latest News

RBRK
US$51.87
Rubrik
7D
-17.9%
1Y
-31.4%
CRWD
US$415.36
CrowdStrike Holdings
7D
-11.5%
1Y
-0.4%
ORCL
US$146.67
Oracle
7D
-15.1%
1Y
-14.6%
NOW
US$111.07
ServiceNow
7D
-14.3%
1Y
-45.9%

ServiceNow, Inc.'s (NYSE:NOW) Stock Retreats 26% But Earnings Haven't Escaped The Attention Of Investors

Feb 04
ServiceNow, Inc.'s (NYSE:NOW) Stock Retreats 26% But Earnings Haven't Escaped The Attention Of Investors
DLB
US$64.48
Dolby Laboratories
7D
5.4%
1Y
-23.6%
PANW
US$166.72
Palo Alto Networks
7D
-9.3%
1Y
-10.8%
NBIS
US$82.39
Nebius Group
7D
-18.0%
1Y
142.8%

NBIS: Long Term AI Power Contracts Will Support Future Capacity Utilization

Analysts kept their Nebius Group price target steady at US$211 while modestly adjusting assumptions around the discount rate, growth, margins, and future P/E to reflect recent initiation coverage, data center reliability metrics, and the long-term Microsoft contract backdrop. Analyst Commentary Bullish analysts have framed Nebius Group as a specialized power and data center provider tied closely to artificial intelligence and high performance compute, with coverage initiations and target adjustments centering on contracted demand, reliability metrics, and long-term visibility from major customer agreements.
MSFT
US$414.22
Microsoft
7D
-14.0%
1Y
0.2%
ZS
US$185.79
Zscaler
7D
-13.2%
1Y
-9.4%
AUID
US$1.68
authID
7D
17.5%
1Y
-75.3%