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U.S. Systems Software Industry Analysis

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies69
  • 7D-4.1%
  • 3M-14.9%
  • 1Y5.7%
  • YTDn/a

Over the last 7 days, the Systems Software industry has dropped 4.1%, driven by a pullback from Microsoft of 2.3%. This takes the industry's 12 month performance to a gain of 5.7%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Jan 2026US$4.6tUS$416.9bUS$125.7b34.4x36.6x11x
Fri, 19 Dec 2025US$4.7tUS$416.9bUS$125.7b35.7x37.5x11.3x
Sun, 16 Nov 2025US$5.1tUS$413.3bUS$123.2b37.1x41.8x12.5x
Tue, 14 Oct 2025US$5.4tUS$399.7bUS$120.0b41.4x44.8x13.4x
Thu, 11 Sep 2025US$5.1tUS$400.7bUS$119.5b36.5x42.8x12.8x
Sat, 09 Aug 2025US$5.2tUS$397.0bUS$120.2b38.1x43.5x13.2x
Mon, 07 Jul 2025US$5.1tUS$383.0bUS$114.3b40.8x45.1x13.4x
Wed, 04 Jun 2025US$4.6tUS$381.1bUS$114.1b37.3x40.7x12.2x
Fri, 02 May 2025US$4.0tUS$380.1bUS$114.2b33.1x35.2x10.6x
Sun, 30 Mar 2025US$3.8tUS$372.1bUS$110.4b30.4x34.8x10.3x
Tue, 25 Feb 2025US$4.2tUS$370.8bUS$109.8b33.9x38.3x11.3x
Thu, 23 Jan 2025US$4.4tUS$362.5bUS$108.9b38.8x40.1x12.1x
Sat, 21 Dec 2024US$4.4tUS$362.5bUS$108.9b38.4x40.4x12.2x
Mon, 18 Nov 2024US$4.3tUS$360.6bUS$107.8b41.6x39.6x11.8x
Wed, 16 Oct 2024US$4.2tUS$350.5bUS$105.1b40.5x40.3x12.1x
Fri, 13 Sep 2024US$4.2tUS$350.5bUS$105.0b38.7x39.6x11.9x
Sun, 11 Aug 2024US$3.9tUS$348.8bUS$104.2b34.8x37.7x11.3x
Tue, 09 Jul 2024US$4.4tUS$333.6bUS$101.7b40.2x43.4x13.2x
Thu, 06 Jun 2024US$3.5tUS$280.5bUS$91.1b39.1x38.9x12.6x
Sat, 04 May 2024US$3.5tUS$280.0bUS$91.3b40.8x38.2x12.4x
Mon, 01 Apr 2024US$3.6tUS$271.0bUS$87.0b40.3x41.6x13.4x
Wed, 28 Feb 2024US$3.5tUS$270.5bUS$86.6b38.7x40.8x13.1x
Fri, 26 Jan 2024US$3.6tUS$277.3bUS$80.4b41.2x44.7x12.9x
Sun, 24 Dec 2023US$3.3tUS$276.8bUS$80.3b41.4x41.6x12.1x
Tue, 21 Nov 2023US$3.2tUS$276.0bUS$79.7b42.3x40.7x11.8x
Thu, 19 Oct 2023US$3.0tUS$273.4bUS$74.8b42.3x39.7x10.9x
Sat, 16 Sep 2023US$3.0tUS$273.4bUS$74.8b42.3x40.3x11x
Mon, 14 Aug 2023US$2.9tUS$272.3bUS$74.3b45x38.7x10.6x
Wed, 12 Jul 2023US$2.9tUS$262.2bUS$68.2b46.3x42.9x11.2x
Fri, 09 Jun 2023US$2.8tUS$262.1bUS$68.3b43.3x41.7x10.9x
Sun, 07 May 2023US$2.7tUS$260.8bUS$67.2b40.5x39.8x10.2x
Tue, 04 Apr 2023US$2.5tUS$256.9bUS$65.2b44.1x38.7x9.8x
Thu, 02 Mar 2023US$2.2tUS$244.8bUS$63.9b42.6x33.7x8.8x
Sat, 28 Jan 2023US$2.2tUS$242.8bUS$63.4b42.5x34.1x8.9x
Price to Earnings Ratio

34.1x


Total Market Cap: US$2.2tTotal Earnings: US$63.4bTotal Revenue: US$242.8bTotal 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 36.6x which is lower than its 3-year average PE 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 Market-0.55%
Tech-1.15%
Software-5.21%
Systems Software-4.10%
Application Software-7.56%
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
ADEA AdeiaUS$19.152.1%
+US$42.7m		44.5%PE28.6x
AISP Airship AI HoldingsUS$3.9726.3%
+US$28.2m		-31.8%PS11.3x
DUOT Duos Technologies GroupUS$10.754.3%
+US$9.0m		82.2%PS11.5x
AUID authIDUS$1.4242.0%
+US$6.3m		-77.8%PS11.7x
XPER XperiUS$6.101.2%
+US$3.2m		-33.1%PE40.6x

Latest News

NOW
US$125.40
ServiceNow
7D
-9.3%
1Y
-42.8%
FTNT
US$75.46
Fortinet
7D
-3.7%
1Y
-22.4%

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Analysts have nudged their implied fair value for Fortinet lower from about $110 to $108, as a reduced future P/E assumption and more cautious views on hardware refresh demand offset still solid revenue and billings metrics reflected in recent research updates. Analyst Commentary Recent research has been mixed, but there are still clear pockets of optimism around Fortinet that center on execution, earnings quality, and how those feed into valuation support.
AISP
US$3.97
Airship AI Holdings
7D
26.3%
1Y
-31.8%

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Jan 17
Why Investors Shouldn't Be Surprised By Airship AI Holdings, Inc.'s (NASDAQ:AISP) 53% Share Price Surge
DUOT
US$10.75
Duos Technologies Group
7D
4.3%
1Y
82.2%

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ORCL
US$179.92
Oracle
7D
-11.1%
1Y
4.3%
ADEA
US$19.15
Adeia
7D
2.1%
1Y
44.5%

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Jan 15
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PANW
US$184.06
Palo Alto Networks
7D
-3.6%
1Y
0.3%
MSFT
US$454.52
Microsoft
7D
-1.1%
1Y
1.9%

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DTSS
US$1.09
Datasea
7D
34.5%
1Y
-47.8%
ZS
US$206.32
Zscaler
7D
-4.9%
1Y
7.6%
CRWD
US$442.73
CrowdStrike Holdings
7D
-5.4%
1Y
20.8%
NBIS
US$99.29
Nebius Group
7D
-5.8%
1Y
164.1%

NBIS: Power Capacity Expansion Will Support Future AI Infrastructure Demand

Analysts have raised their fair value estimate for Nebius Group from $130.00 to $211.00, citing new Outperform initiations, higher Street price targets, and growing confidence in the company’s role in supplying power and capacity for high performance compute and AI demand. Analyst Commentary Recent research coverage points to a constructive view on Nebius Group, with several bullish analysts highlighting the company’s position in supplying power and capacity for high performance compute and AI related workloads.
AUID
US$1.42
authID
7D
42.0%
1Y
-77.8%
IVDA
US$1.01
Iveda Solutions
7D
4.3%
1Y
-76.6%

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Nov 28
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XPER
US$6.10
Xperi
7D
1.2%
1Y
-33.1%