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U.S. Systems Software Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies70
  • 7D6.7%
  • 3M-13.2%
  • 1Y4.8%
  • YTDn/a

The Systems Software industry is up 6.7% in the last week, with Microsoft up 8.4%. This means that the industry has gained 4.8% over the past year. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 Jan 2026US$4.7tUS$417.0bUS$125.7b32.7x37.5x11.3x
Sun, 28 Dec 2025US$4.9tUS$416.9bUS$125.7b37.7x38.8x11.7x
Tue, 25 Nov 2025US$4.8tUS$413.7bUS$123.2b36.8x38.7x11.5x
Thu, 23 Oct 2025US$5.4tUS$399.7bUS$120.0b40.4x44.9x13.5x
Sat, 20 Sep 2025US$5.4tUS$399.6bUS$120.0b37.8x44.7x13.4x
Mon, 18 Aug 2025US$5.2tUS$397.2bUS$120.1b38x43.5x13.2x
Wed, 16 Jul 2025US$5.1tUS$383.0bUS$114.3b38.9x44.7x13.3x
Fri, 13 Jun 2025US$4.8tUS$381.3bUS$114.0b41.4x41.7x12.5x
Sun, 11 May 2025US$4.4tUS$380.4bUS$114.3b34.2x38.3x11.5x
Tue, 08 Apr 2025US$3.6tUS$372.1bUS$110.4b28.7x32.5x9.6x
Thu, 06 Mar 2025US$4.0tUS$371.1bUS$109.9b33.8x36.5x10.8x
Sat, 01 Feb 2025US$4.3tUS$379.4bUS$111.5b38x38.3x11.3x
Mon, 30 Dec 2024US$4.4tUS$362.5bUS$108.9b37.4x40x12x
Wed, 27 Nov 2024US$4.3tUS$360.9bUS$108.0b40.1x40.1x12x
Fri, 25 Oct 2024US$4.3tUS$351.0bUS$105.3b39.9x40.5x12.1x
Sun, 22 Sep 2024US$4.3tUS$350.5bUS$105.0b40.2x41.1x12.3x
Tue, 20 Aug 2024US$4.1tUS$348.9bUS$104.3b37x39x11.6x
Thu, 18 Jul 2024US$4.3tUS$333.6bUS$101.7b40.9x41.9x12.8x
Sat, 15 Jun 2024US$4.2tUS$333.7bUS$101.6b38.8x40.9x12.5x
Mon, 13 May 2024US$3.6tUS$280.1bUS$90.5b38.7x39.3x12.7x
Wed, 10 Apr 2024US$3.6tUS$271.0bUS$87.1b39.6x41.9x13.4x
Fri, 08 Mar 2024US$3.5tUS$270.9bUS$87.1b40.6x40.6x13.1x
Sun, 04 Feb 2024US$3.7tUS$286.6bUS$85.8b41.4x42.7x12.8x
Tue, 02 Jan 2024US$3.4tUS$276.8bUS$80.3b41.5x41.8x12.1x
Thu, 30 Nov 2023US$3.4tUS$276.4bUS$79.9b42.3x42x12.1x
Sat, 28 Oct 2023US$2.9tUS$280.2bUS$79.7b41.7x36.8x10.5x
Mon, 25 Sep 2023US$2.9tUS$273.4bUS$74.8b42.3x38.2x10.4x
Wed, 23 Aug 2023US$2.9tUS$272.8bUS$74.5b42.3x38.8x10.6x
Fri, 21 Jul 2023US$3.0tUS$262.2bUS$68.2b48.8x44.5x11.6x
Sun, 18 Jun 2023US$3.0tUS$262.1bUS$68.3b45.1x43.9x11.4x
Tue, 16 May 2023US$2.7tUS$261.1bUS$68.0b41.4x39.6x10.3x
Thu, 13 Apr 2023US$2.5tUS$256.9bUS$65.0b43.9x38.4x9.7x
Sat, 11 Mar 2023US$2.2tUS$256.7bUS$65.2b41.9x33.9x8.6x
Mon, 06 Feb 2023US$2.3tUS$243.0bUS$63.4b45.6x35.5x9.3x
Price to Earnings Ratio

35.5x


Total Market Cap: US$2.3tTotal Earnings: US$63.4bTotal Revenue: US$243.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Systems Software Industry Price to Earnings3Y Average 40.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Systems Software industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 40.2x.
  • The industry is trading close to its 3-year average PS ratio of 11.8x.
Past Earnings Growth
  • The earnings for companies in the Systems Software industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 20% 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 Market0.90%
Tech3.55%
Software4.56%
Systems Software6.67%
Application Software0.021%
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
FTNT FortinetUS$81.515.0%
+US$2.9b		-19.2%PE32.4x
QLYS QualysUS$132.120.9%
+US$41.2m		-5.4%PE25x
DLB Dolby LaboratoriesUS$63.030.5%
+US$32.4m		-27.8%PE23.5x
ATEN A10 NetworksUS$17.711.4%
+US$17.9m		-10.9%PE25.1x
CHKP Check Point Software TechnologiesUS$178.210.03%
+US$5.4m		-18.6%PE18.9x

Latest News

DLB
US$63.03
Dolby Laboratories
7D
0.5%
1Y
-27.8%
NOW
US$116.73
ServiceNow
7D
-9.2%
1Y
-42.4%
MSFT
US$433.50
Microsoft
7D
-3.9%
1Y
4.5%
ORCL
US$169.01
Oracle
7D
-5.1%
1Y
-0.8%
PANW
US$176.20
Palo Alto Networks
7D
-3.3%
1Y
-6.0%
INLX
US$8.33
Intellinetics
7D
5.5%
1Y
-39.2%
ATEN
US$17.71
A10 Networks
7D
1.4%
1Y
-10.9%

A10 Networks (NYSE:ATEN) Is Doing The Right Things To Multiply Its Share Price

Jan 28
A10 Networks (NYSE:ATEN) Is Doing The Right Things To Multiply Its Share Price
CVLT
US$87.50
Commvault Systems
7D
-29.2%
1Y
-44.6%
FTNT
US$81.51
Fortinet
7D
5.0%
1Y
-19.2%
RBRK
US$57.97
Rubrik
7D
-11.0%
1Y
-21.7%

RBRK: Cyber Resilience Partnerships Will Support Future Repricing Potential

The analyst price target for Rubrik is trimmed slightly from about US$111.95 to about US$110.86, as analysts balance a mix of reduced targets around US$95 to US$100 with ongoing Overweight and Buy ratings that highlight expectations for solid annual recurring revenue and mid 20s percent sales growth. Analyst Commentary Recent research points to a mixed but generally constructive stance on Rubrik, with some analysts trimming price targets while others highlight upside over the next few months.
ZS
US$200.63
Zscaler
7D
-3.7%
1Y
-1.1%
QLYS
US$132.12
Qualys
7D
0.9%
1Y
-5.4%

QLYS: Recent Execution Strength Will Likely Fail To Justify Rich Pricing

Analysts have raised their fair value estimate for Qualys from $110.71 to $117.00, citing recent upward price target revisions, solid Q3 execution with accelerating billings and record operating margins, and five consecutive quarters of guidance outperformance that support expectations for a stronger growth outlook. Analyst Commentary Recent commentary has shifted from outright skepticism to a more balanced, wait and see stance.
DTSS
US$1.23
Datasea
7D
17.1%
1Y
-38.5%
CHKP
US$178.21
Check Point Software Technologies
7D
0.03%
1Y
-18.6%
CRWD
US$444.62
CrowdStrike Holdings
7D
-2.0%
1Y
12.0%

CRWD: AI Identity Push And Crowded Trade Likely To Reshape Future Multiple

Analysts made a small adjustment to our CrowdStrike fair value estimate to about $415 per share from about $416, reflecting slightly higher modeled revenue growth, modestly stronger profitability, and slightly lower future P/E expectations in light of recent price target changes and mixed but generally constructive Street commentary. Analyst Commentary Recent Street research around CrowdStrike has been active, with most firms maintaining constructive views on the business while adjusting price targets within a relatively tight band.
XTKG
US$0.28
X3 Holdings
7D
142.9%
1Y
-95.0%