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U.S. Systems Software Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies72
  • 7D-10.7%
  • 3M-25.1%
  • 1Y-10.9%
  • YTDn/a

Over the last 7 days, the Systems Software industry has dropped 11%, driven by a pullback from Microsoft of 9.2%. In contrast, A10 Networks has gained 9.1%. The industry has fallen 11% in the last year. 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
Fri, 06 Feb 2026US$4.1tUS$429.3bUS$140.1b27.7x29x9.5x
Sun, 04 Jan 2026US$4.7tUS$416.9bUS$125.7b36.4x37.6x11.3x
Tue, 02 Dec 2025US$4.9tUS$413.8bUS$123.2b37.5x39.9x11.9x
Thu, 30 Oct 2025US$5.6tUS$399.8bUS$120.1b39.5x46.7x14x
Sat, 27 Sep 2025US$5.3tUS$399.6bUS$120.0b37.3x44.4x13.3x
Mon, 25 Aug 2025US$5.1tUS$397.5bUS$120.0b37x42.6x12.9x
Wed, 23 Jul 2025US$5.2tUS$383.0bUS$114.3b38.9x45.6x13.6x
Fri, 20 Jun 2025US$4.9tUS$383.0bUS$114.3b41.1x42.9x12.8x
Sun, 18 May 2025US$4.6tUS$380.6bUS$114.3b36x39.9x12x
Tue, 15 Apr 2025US$3.9tUS$372.1bUS$110.4b31x35.1x10.4x
Thu, 13 Mar 2025US$3.9tUS$372.1bUS$110.4b30.7x35x10.4x
Sat, 08 Feb 2025US$4.3tUS$379.4bUS$111.8b42x38.4x11.3x
Mon, 06 Jan 2025US$4.3tUS$362.5bUS$108.9b38x39.5x11.9x
Wed, 04 Dec 2024US$4.4tUS$361.2bUS$108.0b39.5x40.8x12.2x
Fri, 01 Nov 2024US$4.1tUS$360.2bUS$107.7b40.4x38.1x11.4x
Sun, 29 Sep 2024US$4.2tUS$350.5bUS$105.1b40.2x40.4x12.1x
Tue, 27 Aug 2024US$4.1tUS$349.1bUS$104.4b37.6x39x11.6x
Thu, 25 Jul 2024US$4.2tUS$333.6bUS$101.7b39.1x41.3x12.6x
Sat, 22 Jun 2024US$4.2tUS$333.7bUS$101.6b40.3x41.3x12.6x
Mon, 20 May 2024US$3.6tUS$279.9bUS$90.9b42.2x39.9x13x
Wed, 17 Apr 2024US$3.5tUS$271.0bUS$87.1b39x40.6x13.1x
Fri, 15 Mar 2024US$3.6tUS$271.0bUS$87.2b40.8x41.1x13.2x
Sun, 11 Feb 2024US$3.7tUS$270.0bUS$85.0b39.4x43.2x13.6x
Tue, 09 Jan 2024US$3.3tUS$276.8bUS$80.3b41.3x41.4x12x
Thu, 07 Dec 2023US$3.3tUS$276.8bUS$80.3b42.3x40.8x11.8x
Sat, 04 Nov 2023US$3.1tUS$275.4bUS$79.1b40.3x39.1x11.2x
Mon, 02 Oct 2023US$2.9tUS$273.4bUS$74.8b42.3x38.1x10.4x
Wed, 30 Aug 2023US$2.9tUS$272.8bUS$74.5b42.3x39.5x10.8x
Fri, 28 Jul 2023US$3.0tUS$266.6bUS$71.6b48.9x41.5x11.1x
Sun, 25 Jun 2023US$2.9tUS$262.2bUS$68.2b44x42.9x11.2x
Tue, 23 May 2023US$2.8tUS$261.1bUS$68.0b41.5x41x10.7x
Thu, 20 Apr 2023US$2.5tUS$256.9bUS$65.0b43.7x39x9.9x
Sat, 18 Mar 2023US$2.5tUS$256.8bUS$65.2b42.2x37.6x9.5x
Mon, 13 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 29.0x 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 9.5x.
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-2.98%
Tech-6.82%
Software-12.23%
Systems Software-10.69%
Application Software-15.62%
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
ATEN A10 NetworksUS$19.339.1%
+US$112.4m		-5.9%PE27.3x
DLB Dolby LaboratoriesUS$63.971.5%
+US$89.8m		-24.2%PE25.4x
PRGS Progress SoftwareUS$41.414.3%
+US$71.6m		-27.6%PE23.8x
AUID authIDUS$1.8520.9%
+US$4.8m		-72.7%PS15.2x
XTKG X3 HoldingsUS$0.305.6%
+US$448.9k		-91.8%PS0.9x

Latest News

ZS
US$169.39
Zscaler
7D
-15.3%
1Y
-17.6%
DLB
US$63.97
Dolby Laboratories
7D
1.5%
1Y
-24.2%
CRWD
US$377.16
CrowdStrike Holdings
7D
-15.2%
1Y
-10.3%
ATEN
US$19.33
A10 Networks
7D
9.1%
1Y
-5.9%
MSFT
US$393.67
Microsoft
7D
-9.2%
1Y
-5.3%
PANW
US$154.77
Palo Alto Networks
7D
-12.2%
1Y
-17.4%
NOW
US$102.63
ServiceNow
7D
-12.1%
1Y
-49.9%

We Like ServiceNow's (NYSE:NOW) Earnings For More Than Just Statutory Profit

Feb 05
We Like ServiceNow's (NYSE:NOW) Earnings For More Than Just Statutory Profit
CYBR
US$381.72
CyberArk Software
7D
-11.1%
1Y
-0.3%
PRGS
US$41.41
Progress Software
7D
4.3%
1Y
-27.6%
ORCL
US$136.48
Oracle
7D
-19.2%
1Y
-20.8%
XTKG
US$0.30
X3 Holdings
7D
5.6%
1Y
-91.8%
NBIS
US$73.87
Nebius Group
7D
-22.2%
1Y
113.8%

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.
INLX
US$8.41
Intellinetics
7D
0.9%
1Y
-35.8%
AUID
US$1.85
authID
7D
20.9%
1Y
-72.7%