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U.S. Systems Software Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies70
  • 7D-7.3%
  • 3M-20.8%
  • 1Y-0.5%
  • YTDn/a

Over the last 7 days, the Systems Software industry has dropped 7.3%, driven by Microsoft declining 7.7%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 Jan 2026US$4.3tUS$429.2bUS$140.0b30x30.8x10x
Mon, 29 Dec 2025US$4.9tUS$416.9bUS$125.7b37.7x38.8x11.7x
Wed, 26 Nov 2025US$4.8tUS$413.7bUS$123.2b37.4x38.8x11.6x
Fri, 24 Oct 2025US$5.4tUS$399.7bUS$120.0b39.8x45x13.5x
Sun, 21 Sep 2025US$5.5tUS$399.6bUS$120.0b37.8x45.7x13.7x
Tue, 19 Aug 2025US$5.2tUS$397.2bUS$120.1b37.7x43.5x13.2x
Thu, 17 Jul 2025US$5.1tUS$383.0bUS$114.3b38.9x45.1x13.4x
Sat, 14 Jun 2025US$4.9tUS$383.0bUS$114.3b41.1x42.6x12.7x
Mon, 12 May 2025US$4.4tUS$380.4bUS$114.3b34.2x38.3x11.5x
Wed, 09 Apr 2025US$3.6tUS$372.1bUS$110.4b28.4x32.3x9.6x
Fri, 07 Mar 2025US$4.1tUS$371.2bUS$109.9b33.5x37.4x11.1x
Sun, 02 Feb 2025US$4.3tUS$379.4bUS$111.5b38x38.3x11.3x
Tue, 31 Dec 2024US$4.4tUS$362.5bUS$108.9b37x40x12x
Thu, 28 Nov 2024US$4.4tUS$361.1bUS$107.9b39.2x41x12.2x
Sat, 26 Oct 2024US$4.3tUS$351.0bUS$105.3b40x40.6x12.2x
Mon, 23 Sep 2024US$4.3tUS$350.5bUS$105.0b40.2x41.1x12.3x
Wed, 21 Aug 2024US$4.1tUS$349.1bUS$104.4b37.1x39.2x11.7x
Fri, 19 Jul 2024US$4.2tUS$333.6bUS$101.7b40.7x41.2x12.5x
Sun, 16 Jun 2024US$4.2tUS$333.7bUS$101.6b38.8x41x12.5x
Tue, 14 May 2024US$3.6tUS$280.1bUS$90.5b38.5x39.3x12.7x
Thu, 11 Apr 2024US$3.7tUS$271.0bUS$87.1b39.8x42x13.5x
Sat, 09 Mar 2024US$3.5tUS$270.9bUS$87.1b39.7x40.3x13x
Mon, 05 Feb 2024US$3.7tUS$286.6bUS$85.8b41.5x42.7x12.8x
Wed, 03 Jan 2024US$3.3tUS$276.8bUS$80.3b41.4x41.1x11.9x
Fri, 01 Dec 2023US$3.3tUS$276.4bUS$79.9b42.3x41.8x12.1x
Sun, 29 Oct 2023US$2.9tUS$280.2bUS$79.7b41.7x36.8x10.5x
Tue, 26 Sep 2023US$2.9tUS$273.4bUS$74.8b42.3x38.2x10.5x
Thu, 24 Aug 2023US$2.9tUS$272.8bUS$74.5b42.3x39.3x10.8x
Sat, 22 Jul 2023US$3.0tUS$262.2bUS$68.2b48.3x44.2x11.5x
Mon, 19 Jun 2023US$3.0tUS$262.1bUS$68.3b45.1x43.9x11.4x
Wed, 17 May 2023US$2.7tUS$261.1bUS$68.0b41.2x39.7x10.3x
Fri, 14 Apr 2023US$2.5tUS$256.9bUS$65.0b44.8x39.2x9.9x
Sun, 12 Mar 2023US$2.2tUS$256.7bUS$65.2b41.9x33.9x8.6x
Tue, 07 Feb 2023US$2.2tUS$243.0bUS$63.4b44.6x35.2x9.2x
Price to Earnings Ratio

35.2x


Total Market Cap: US$2.2tTotal 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 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 30.8x 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 10.0x.
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-0.28%
Tech-0.87%
Software-7.89%
Systems Software-7.26%
Application Software-9.24%
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$64.193.4%
+US$222.6m		-23.3%PE25.5x
QLYS QualysUS$131.902.4%
+US$111.5m		-5.4%PE25x
ATEN A10 NetworksUS$17.440.3%
+US$4.3m		-11.1%PE24.7x
BKYI BIO-key InternationalUS$0.7325.7%
+US$1.6m		-45.9%PS1.2x
XTKG X3 HoldingsUS$0.2154.7%
+US$1.2m		-96.2%PS0.4x

Latest News

DLB
US$64.19
Dolby Laboratories
7D
3.4%
1Y
-23.3%
RBRK
US$55.95
Rubrik
7D
-14.8%
1Y
-23.6%

Rubrik, Inc. (NYSE:RBRK) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely

Jan 30
Rubrik, Inc. (NYSE:RBRK) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
NOW
US$117.01
ServiceNow
7D
-12.1%
1Y
-42.6%
MSFT
US$430.29
Microsoft
7D
-7.7%
1Y
3.7%
ORCL
US$164.58
Oracle
7D
-7.1%
1Y
-3.2%
PANW
US$176.97
Palo Alto Networks
7D
-1.8%
1Y
-4.0%
CVLT
US$85.70
Commvault Systems
7D
-30.8%
1Y
-46.2%

AI Resilience And Cloud Sovereignty Tailwinds Will Drive Long Term Upside Potential

Catalysts About Commvault Systems Commvault Systems provides data protection, cyber resilience and recovery software and SaaS for enterprises across hybrid and multi cloud environments. What are the underlying business or industry changes driving this perspective?
INLX
US$8.22
Intellinetics
7D
2.8%
1Y
-40.3%
ATEN
US$17.44
A10 Networks
7D
0.3%
1Y
-11.1%

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
QLYS
US$131.90
Qualys
7D
2.4%
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.
IVDA
US$0.88
Iveda Solutions
7D
1.3%
1Y
-75.3%
CRWD
US$441.41
CrowdStrike Holdings
7D
-2.4%
1Y
10.9%

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.
NBIS
US$85.19
Nebius Group
7D
-9.9%
1Y
160.8%

NBIS: Long Term Power Contracts And Capacity Buildout Will Support AI Demand

Analysts kept their Nebius Group price target at US$211, citing updated assumptions for slightly lower discount rates, modestly higher revenue growth and profit margins, and a marginally lower future P/E that together support the existing valuation framework. Analyst Commentary Recent research on Nebius Group has leaned constructive, with several bullish analysts highlighting the company’s positioning in high performance compute and artificial intelligence infrastructure, as well as the support from large customer contracts.
XTKG
US$0.21
X3 Holdings
7D
54.7%
1Y
-96.2%
AUID
US$1.78
authID
7D
2.3%
1Y
-74.6%
BKYI
US$0.73
BIO-key International
7D
25.7%
1Y
-45.9%