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U.S. Systems Software Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies71
  • 7D-1.2%
  • 3M-21.0%
  • 1Y-6.5%
  • YTDn/a

Over the last 7 days, the Systems Software industry has dropped 1.2%, driven by a pullback from Microsoft of 1.1%. However, the industry is down 6.5% over the past year. Looking forward, 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
Mon, 02 Mar 2026US$3.9tUS$429.4bUS$140.5b25.7x27.5x9x
Wed, 28 Jan 2026US$4.7tUS$417.0bUS$125.7b33x37.1x11.2x
Fri, 26 Dec 2025US$4.9tUS$416.9bUS$125.7b37.3x38.7x11.7x
Sun, 23 Nov 2025US$4.8tUS$413.7bUS$123.2b36.9x38.6x11.5x
Tue, 21 Oct 2025US$5.4tUS$399.7bUS$120.0b39.8x44.8x13.5x
Thu, 18 Sep 2025US$5.4tUS$399.6bUS$120.0b37.2x44.8x13.4x
Sat, 16 Aug 2025US$5.2tUS$397.2bUS$120.1b38x43.5x13.2x
Mon, 14 Jul 2025US$5.1tUS$383.0bUS$114.3b38.7x44.7x13.3x
Wed, 11 Jun 2025US$4.8tUS$381.3bUS$114.0b38.6x41.8x12.5x
Fri, 09 May 2025US$4.3tUS$380.3bUS$114.4b34.2x37.9x11.4x
Sun, 06 Apr 2025US$3.6tUS$372.1bUS$110.4b28.8x32.5x9.6x
Tue, 04 Mar 2025US$4.1tUS$370.8bUS$109.9b32.7x37.4x11.1x
Thu, 30 Jan 2025US$4.5tUS$371.2bUS$109.1b37.5x41.5x12.2x
Sat, 28 Dec 2024US$4.4tUS$362.5bUS$108.9b37.4x40.2x12.1x
Mon, 25 Nov 2024US$4.3tUS$360.9bUS$108.0b39.5x40.1x12x
Wed, 23 Oct 2024US$4.2tUS$350.5bUS$105.1b40.2x40.3x12.1x
Fri, 20 Sep 2024US$4.2tUS$350.5bUS$105.0b40.2x40.4x12.1x
Sun, 18 Aug 2024US$4.1tUS$348.9bUS$104.3b36.9x39x11.6x
Tue, 16 Jul 2024US$4.3tUS$333.6bUS$101.7b40.1x42.2x12.8x
Thu, 13 Jun 2024US$3.7tUS$280.7bUS$91.2b39.8x40.7x13.2x
Sat, 11 May 2024US$3.5tUS$280.1bUS$90.5b38.7x39.1x12.6x
Mon, 08 Apr 2024US$3.6tUS$271.0bUS$87.0b38.3x41.9x13.5x
Wed, 06 Mar 2024US$3.6tUS$270.7bUS$87.0b38.3x41.2x13.3x
Fri, 02 Feb 2024US$3.6tUS$286.6bUS$85.9b41.2x42x12.6x
Sun, 31 Dec 2023US$3.4tUS$276.8bUS$80.3b41.5x41.8x12.1x
Tue, 28 Nov 2023US$3.3tUS$276.0bUS$79.7b42.3x41.7x12x
Thu, 26 Oct 2023US$3.0tUS$279.8bUS$79.6b41.5x37.9x10.8x
Sat, 23 Sep 2023US$2.9tUS$273.4bUS$74.8b42.3x38.2x10.4x
Mon, 21 Aug 2023US$2.8tUS$272.8bUS$74.5b42.4x38x10.4x
Wed, 19 Jul 2023US$3.1tUS$262.2bUS$68.2b48.1x46.1x12x
Fri, 16 Jun 2023US$3.0tUS$262.1bUS$68.3b45.4x43.3x11.3x
Sun, 14 May 2023US$2.7tUS$261.1bUS$67.9b41.3x39.5x10.3x
Tue, 11 Apr 2023US$2.5tUS$256.9bUS$65.0b43.8x39x9.9x
Thu, 09 Mar 2023US$2.3tUS$256.5bUS$65.2b42.3x34.8x8.8x
Price to Earnings Ratio

34.8x


Total Market Cap: US$2.3tTotal Earnings: US$65.2bTotal Revenue: US$256.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Systems Software Industry Price to Earnings3Y Average 40.1x202420252026
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 27.5x which is lower than its 3-year average PE of 40.1x.
  • The 3-year average PS ratio of 11.8x is higher than the industry's current PS ratio of 9.0x.
Past Earnings Growth
  • The earnings for companies in the Systems Software industry have grown 29% per year over the last three years.
  • Revenues for these companies have grown 19% 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-0.57%
Tech-2.05%
Software-0.10%
Systems Software-1.18%
Application Software2.42%
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
ORCL OracleUS$145.402.9%
+US$11.8b		-10.3%PE27.1x
NOW ServiceNowUS$108.017.2%
+US$7.5b		-40.7%PE64.6x
CRWD CrowdStrike HoldingsUS$371.986.2%
+US$5.5b		-2.8%PS20.5x
PANW Palo Alto NetworksUS$148.923.3%
+US$3.9b		-18.9%PE94.8x
FTNT FortinetUS$79.034.5%
+US$2.3b		-25.8%PE31.6x

Latest News

RBRK
US$51.96
Rubrik
7D
9.9%
1Y
-15.3%
CRWD
US$371.98
CrowdStrike Holdings
7D
6.2%
1Y
-2.8%

CrowdStrike Holdings, Inc. (CRWD): The AI Sentinel – Defending the Digital Frontier in the 2026 "Arms Race"

CrowdStrike (CRWD) enters March 2026 as the linchpin of the cybersecurity industry, currently trading at $371.98 as of the February 27 close. The stock has experienced a volatile start to the year, retreating roughly 32% from its 52-week high of $566.90 due to broader valuation re-ratings in the software sector and a recent 9% plunge following its $740 million acquisition of identity-security startup SGNL.
DUOT
US$7.55
Duos Technologies Group
7D
-9.6%
1Y
31.8%
ZS
US$146.99
Zscaler
7D
2.6%
1Y
-22.1%
FROG
US$40.15
JFrog
7D
15.5%
1Y
11.2%
CHKP
US$152.07
Check Point Software Technologies
7D
-4.4%
1Y
-31.0%

CHKP: Limited China Exposure Will Support AI Security Partnerships Going Forward

Analysts have reduced their price target for Check Point Software Technologies by $13.02 to $204.61. This reflects updated assumptions around discount rates, profitability, and revenue growth after a series of mixed reactions to recent results and sector research.
ALLT
US$6.34
Allot
7D
-32.7%
1Y
10.3%

ALLT: SECaaS ARR Momentum And New Partnerships Will Support Future Upside

Allot's updated analyst price target reflects a mixed reset across the Street. Targets now cluster between $11 and $19 as analysts weigh higher SECaaS ARR estimates, market contraction concerns, and the company’s shift toward a security first, recurring revenue model.
NOW
US$108.01
ServiceNow
7D
7.2%
1Y
-40.7%
NABL
US$4.40
N-able
7D
-1.6%
1Y
-38.9%

NABL: AI Adoption And 2026 Execution Will Support Future Upside

Analysts have reduced their fair value estimate for N-able from $9.65 to $7.35, citing recent price target cuts, including Scotiabank's adjustment to $5.25, and a view that clearer evidence of AI benefits and stronger top-line momentum are needed before the shares can support a higher P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts highlight that N-able is viewed as relatively insulated from copycat competition, which they see as supportive for the company’s ability to defend its current business model and pricing power over time.
MSFT
US$392.74
Microsoft
7D
-1.1%
1Y
-1.1%
PANW
US$148.92
Palo Alto Networks
7D
3.3%
1Y
-18.9%

PANW: AI Security Platform Consolidation Will Drive Future Share Repricing

The updated analyst price target for Palo Alto Networks has been reduced to $209.61 from $226.65 as analysts trim valuation multiples and fair value assumptions following Q2 earnings, while many still highlight resilient cybersecurity demand and limited disruption from emerging AI developer tools. Analyst Commentary Street research on Palo Alto Networks has turned more cautious on valuation multiples, even as many firms still flag resilient demand for cybersecurity platforms and limited impact from new AI developer tools such as Claude Code Security.
ORCL
US$145.40
Oracle
7D
2.9%
1Y
-10.3%

ORCL: AI Infrastructure Buildout And Debt Funding Will Drive Future Upside

Analysts have trimmed their average price targets on Oracle by around $20 to $30. The changes reflect recent rating adjustments and revised expectations for fair value, discount rate, revenue growth, profit margins, and future P/E assumptions.
MNDY
US$72.64
monday.com
7D
-3.9%
1Y
-75.5%

MNDY: Upmarket Expansion And AI Adoption Will Support Long-Term Multiple Re-Rating

Analysts have cut their average price target for monday.com, with our fair value estimate moving from $235.20 to $135.16 as they factor in more moderate revenue growth, thinner profit margins, and a higher assumed future P/E multiple. Analyst Commentary The recent wave of Street research around monday.com shows a clear reset in expectations, with multiple firms cutting price targets and a few moving to more cautious ratings.
FTNT
US$79.03
Fortinet
7D
4.5%
1Y
-25.8%
NBIS
US$91.19
Nebius Group
7D
-9.4%
1Y
224.5%

NBIS: Microsoft Contract And 2.5GW Power Sourcing Will Support Future Capacity

Analysts have kept their Nebius Group price target steady at $211, but are now using slightly higher discount rates and a richer future P/E of about 34x. This reflects a mix of bullish views on the Microsoft contract, cautious revenue and margin assumptions, and a wide range of initial ratings from neutral to top pick calls.
IDAI
US$2.54
T Stamp
7D
-5.9%
1Y
13.4%