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U.S. Systems Software Industry Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies72
  • 7D0.7%
  • 3M-21.1%
  • 1Y-4.9%
  • YTDn/a

The Systems Software industry has been flat over the last week, but ServiceNow has lost 12%. Unfortunately though, the industry is down 5.3% over the past 12 months. 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
Wed, 11 Feb 2026US$4.1tUS$429.9bUS$140.2b30.2x29.2x9.5x
Fri, 09 Jan 2026US$4.8tUS$416.9bUS$125.7b36.3x38.4x11.6x
Sun, 07 Dec 2025US$4.9tUS$414.2bUS$123.4b39.3x39.9x11.9x
Tue, 04 Nov 2025US$5.4tUS$412.5bUS$123.2b37.7x43.5x13x
Thu, 02 Oct 2025US$5.4tUS$399.7bUS$120.0b40x44.9x13.5x
Sat, 30 Aug 2025US$5.2tUS$397.8bUS$119.9b37x43x13x
Mon, 28 Jul 2025US$5.2tUS$383.6bUS$114.4b39.5x45.9x13.7x
Wed, 25 Jun 2025US$5.0tUS$383.0bUS$114.3b42.5x43.8x13.1x
Fri, 23 May 2025US$4.5tUS$380.9bUS$114.3b35.6x39.6x11.9x
Sun, 20 Apr 2025US$3.7tUS$371.3bUS$110.3b29.6x33.5x10x
Tue, 18 Mar 2025US$3.9tUS$372.1bUS$110.4b31.2x35.8x10.6x
Thu, 13 Feb 2025US$4.3tUS$379.4bUS$111.8b43.6x38.4x11.3x
Sat, 11 Jan 2025US$4.3tUS$362.5bUS$108.9b36.3x39.4x11.8x
Mon, 09 Dec 2024US$4.6tUS$361.3bUS$108.3b40.4x42.1x12.6x
Wed, 06 Nov 2024US$4.1tUS$360.2bUS$107.7b36.6x38.4x11.5x
Fri, 04 Oct 2024US$4.2tUS$350.5bUS$105.1b39.9x39.6x11.9x
Sun, 01 Sep 2024US$4.1tUS$349.4bUS$104.5b38.1x39.1x11.7x
Tue, 30 Jul 2024US$4.1tUS$334.6bUS$100.9b39.6x40.2x12.1x
Thu, 27 Jun 2024US$4.2tUS$333.6bUS$101.7b39.6x41.7x12.7x
Sat, 25 May 2024US$3.7tUS$280.2bUS$91.0b40.1x40.3x13.1x
Mon, 22 Apr 2024US$3.4tUS$270.9bUS$87.1b39.5x39.3x12.6x
Wed, 20 Mar 2024US$3.6tUS$271.0bUS$87.0b39.8x41.6x13.4x
Fri, 16 Feb 2024US$3.6tUS$270.1bUS$85.0b38.4x42.1x13.3x
Sun, 14 Jan 2024US$3.5tUS$276.8bUS$80.3b41.4x43.2x12.5x
Tue, 12 Dec 2023US$3.3tUS$276.8bUS$80.3b42.4x41.2x11.9x
Thu, 09 Nov 2023US$3.2tUS$275.6bUS$79.2b40.6x39.8x11.4x
Sat, 07 Oct 2023US$2.9tUS$273.4bUS$74.8b42.3x39.4x10.8x
Mon, 04 Sep 2023US$3.0tUS$273.1bUS$74.7b42.3x39.6x10.8x
Wed, 02 Aug 2023US$3.0tUS$267.0bUS$72.6b49.4x40.9x11.1x
Fri, 30 Jun 2023US$2.9tUS$262.2bUS$68.2b45.1x43x11.2x
Sun, 28 May 2023US$2.9tUS$261.5bUS$68.3b42.8x42.4x11.1x
Tue, 25 Apr 2023US$2.5tUS$256.9bUS$65.0b42.9x38.1x9.7x
Thu, 23 Mar 2023US$2.4tUS$256.8bUS$65.2b42.3x36.8x9.3x
Sat, 18 Feb 2023US$2.2tUS$243.2bUS$63.4b42.9x35.4x9.2x
Price to Earnings Ratio

35.4x


Total Market Cap: US$2.2tTotal Earnings: US$63.4bTotal Revenue: US$243.2bTotal 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 28.8x 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 9.4x.
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 Market0.99%
Tech2.89%
Software0.78%
Systems Software0.74%
Application Software0.88%
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
MSFT MicrosoftUS$413.270.5%
+US$15.3b		0.4%PE25.7x
ORCL OracleUS$159.893.4%
+US$15.0b		-9.8%PE29.8x
FTNT FortinetUS$85.537.9%
+US$4.6b		-21.0%PE34.3x
GEN Gen DigitalUS$25.1712.1%
+US$1.4b		-9.6%PE25.3x
RBRK RubrikUS$55.837.1%
+US$736.5m		-23.4%PS9.3x

Latest News

NBIS
US$91.79
Nebius Group
7D
2.0%
1Y
121.6%
MNDY
US$74.11
monday.com
7D
-27.1%
1Y
-77.4%
ORCL
US$159.89
Oracle
7D
3.4%
1Y
-9.8%
PANW
US$165.51
Palo Alto Networks
7D
-0.4%
1Y
-15.3%

PANW: AI Security And Observability Deals Will Shape Future Share Repricing

The analyst price target for Palo Alto Networks has been trimmed slightly to reflect a fair value adjustment of about US$1. Analysts are balancing mixed sector sentiment and acquisition-related concerns with ongoing support from firms that emphasize the company’s role in consolidating cybersecurity budgets, as well as its potential benefits from AI and observability exposure.
QLYS
US$113.39
Qualys
7D
-11.1%
1Y
-17.4%

QLYS: Recent Price Target Cuts Will Likely Temper Richness Of Current Pricing

The analyst price target for Qualys has been revised from $117 to $113, as analysts factor in updated assumptions around revenue growth, profit margins, and future P/E multiples following a series of recent price target reductions across the Street. Analyst Commentary Bearish analysts have been trimming their price targets on Qualys in a series of moves that collectively point to more cautious expectations around the stock.
GEN
US$25.17
Gen Digital
7D
12.1%
1Y
-9.6%

Gen Digital (NASDAQ:GEN) Is Paying Out A Dividend Of $0.125

Feb 09
Gen Digital (NASDAQ:GEN) Is Paying Out A Dividend Of $0.125
FTNT
US$85.53
Fortinet
7D
7.9%
1Y
-21.0%
GTLB
US$31.55
GitLab
7D
-3.9%
1Y
-53.9%

GTLB: Future Returns Will Weigh AI Competition Against Execution And M&A Optionality

Analysts have reduced their fair value estimate for GitLab from US$45.00 to US$34.00, reflecting updated assumptions for revenue growth, profit margins and future P/E in light of recent downgrades and price target cuts that cite rising competition, execution questions and a slower growth setup. Analyst Commentary Recent Street research has turned more cautious on GitLab, with several bearish analysts cutting ratings and price targets while highlighting a tougher setup for growth and execution.
RBRK
US$55.83
Rubrik
7D
7.1%
1Y
-23.4%
DLB
US$68.19
Dolby Laboratories
7D
11.7%
1Y
-18.3%
CRWD
US$413.39
CrowdStrike Holdings
7D
-2.0%
1Y
-4.2%
ZS
US$174.34
Zscaler
7D
-7.3%
1Y
-16.7%

ZS: Future Returns Will Rely On Expanding Zero Trust AI Security Adoption

Analysts have lowered their price targets for Zscaler by roughly $40 to $50, placing them in the $300 to $320 range. This reflects survey feedback on security budgets, shifts in peer multiples, and mixed read-throughs from recent ARR and emerging product trends.
NTSK
US$12.22
Netskope
7D
-7.3%
1Y
n/a
MSFT
US$413.27
Microsoft
7D
0.5%
1Y
0.4%
NOW
US$106.48
ServiceNow
7D
-3.0%
1Y
-47.2%

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
CHKP
US$180.57
Check Point Software Technologies
7D
3.7%
1Y
-17.4%