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U.S. Systems Software Industry Analysis

UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies71
  • 7D2.0%
  • 3M-22.7%
  • 1Y-6.9%
  • YTDn/a

In the last week, the Systems Software industry is up 2.6%, with Microsoft up 2.7%. In the same time, ServiceNow was down 9.4%. In the past year, the industry is down 6.4%. 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, 13 Feb 2026US$4.0tUS$428.6bUS$140.3b28.3x28.3x9.3x
Sun, 11 Jan 2026US$4.8tUS$416.9bUS$125.7b37.2x38.1x11.5x
Tue, 09 Dec 2025US$5.0tUS$414.2bUS$123.4b39.6x40.4x12x
Thu, 06 Nov 2025US$5.3tUS$412.5bUS$123.2b35.9x42.8x12.8x
Sat, 04 Oct 2025US$5.4tUS$399.7bUS$120.0b40.8x45x13.5x
Mon, 01 Sep 2025US$5.1tUS$397.8bUS$119.9b37x42.5x12.8x
Wed, 30 Jul 2025US$5.3tUS$383.7bUS$114.4b39.4x45.9x13.7x
Fri, 27 Jun 2025US$5.0tUS$383.0bUS$114.3b42.3x43.8x13.1x
Sun, 25 May 2025US$4.5tUS$380.9bUS$114.3b35.3x39.4x11.8x
Tue, 22 Apr 2025US$3.7tUS$371.3bUS$110.3b28.6x33.5x10x
Thu, 20 Mar 2025US$3.9tUS$372.1bUS$110.4b31.1x35.7x10.6x
Sat, 15 Feb 2025US$4.3tUS$379.4bUS$110.3b36.3x38.8x11.3x
Mon, 13 Jan 2025US$4.2tUS$362.4bUS$108.9b36.3x38.7x11.6x
Wed, 11 Dec 2024US$4.6tUS$362.5bUS$108.9b40.2x41.9x12.6x
Fri, 08 Nov 2024US$4.3tUS$360.2bUS$107.7b38.7x39.8x11.9x
Sun, 06 Oct 2024US$4.2tUS$350.5bUS$105.1b40.7x39.7x11.9x
Tue, 03 Sep 2024US$4.1tUS$349.4bUS$104.5b38.1x39.1x11.7x
Thu, 01 Aug 2024US$4.0tUS$343.1bUS$102.8b39.6x38.9x11.6x
Sat, 29 Jun 2024US$4.3tUS$333.6bUS$101.7b39.9x42x12.8x
Mon, 27 May 2024US$3.7tUS$280.2bUS$91.0b40.1x40.6x13.2x
Wed, 24 Apr 2024US$3.5tUS$270.9bUS$87.1b40.9x40.2x12.9x
Fri, 22 Mar 2024US$3.7tUS$271.0bUS$87.0b40.6x42x13.5x
Sun, 18 Feb 2024US$3.5tUS$270.1bUS$85.0b38x41.6x13.1x
Tue, 16 Jan 2024US$3.5tUS$276.8bUS$80.3b41.4x43.2x12.5x
Thu, 14 Dec 2023US$3.3tUS$276.8bUS$80.3b42.3x41.5x12.1x
Sat, 11 Nov 2023US$3.2tUS$275.6bUS$79.2b41.4x39.8x11.4x
Mon, 09 Oct 2023US$2.9tUS$273.4bUS$74.8b42.3x39.4x10.8x
Wed, 06 Sep 2023US$3.0tUS$273.1bUS$74.7b42.3x40.2x11x
Fri, 04 Aug 2023US$2.9tUS$267.0bUS$72.6b49.1x39.7x10.8x
Sun, 02 Jul 2023US$3.0tUS$262.2bUS$68.2b45.2x43.7x11.4x
Tue, 30 May 2023US$2.9tUS$261.5bUS$68.3b42.8x42.4x11.1x
Thu, 27 Apr 2023US$2.6tUS$260.4bUS$66.8b42.5x38.4x9.8x
Sat, 25 Mar 2023US$2.5tUS$256.8bUS$65.2b42.4x37.7x9.6x
Mon, 20 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 Market0.52%
Tech2.46%
Software0.96%
Systems Software2.03%
Application Software-1.44%
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$156.4814.7%
+US$57.5b		-10.0%PE29.2x
CRWD CrowdStrike HoldingsUS$411.549.1%
+US$8.7b		-9.3%PS22.7x
MSFT MicrosoftUS$401.840.2%
+US$5.2b		-1.6%PE25x
NBIS Nebius GroupUS$89.7321.5%
+US$4.0b		115.2%PE197.9x
PANW Palo Alto NetworksUS$162.812.2%
+US$2.4b		-18.6%PE101.6x

Latest News

CHKP
US$164.47
Check Point Software Technologies
7D
-9.1%
1Y
-25.9%
QLYS
US$104.79
Qualys
7D
-18.0%
1Y
-25.7%
ORCL
US$156.48
Oracle
7D
14.7%
1Y
-10.0%
APPN
US$22.38
Appian
7D
-10.1%
1Y
-33.2%

Investors Don't See Light At End Of Appian Corporation's (NASDAQ:APPN) Tunnel And Push Stock Down 29%

Feb 12
Investors Don't See Light At End Of Appian Corporation's (NASDAQ:APPN) Tunnel And Push Stock Down 29%
CYBR
US$408.85
CyberArk Software
7D
7.1%
1Y
-1.3%
MSFT
US$401.84
Microsoft
7D
0.2%
1Y
-1.6%
PATH
US$11.18
UiPath
7D
-7.5%
1Y
-26.2%
NBIS
US$89.73
Nebius Group
7D
21.5%
1Y
115.2%
RPD
US$7.09
Rapid7
7D
-32.5%
1Y
-79.6%
MNDY
US$73.63
monday.com
7D
-22.2%
1Y
-77.0%
RBRK
US$53.19
Rubrik
7D
10.0%
1Y
-32.4%

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We are trimming our Rubrik fair value estimate from US$110.86 to US$109.05 as analysts recalibrate price targets lower, citing softer peer multiples, a slightly higher discount rate and some caution around security budgets and competition, even as they continue to flag potential for sales growth and annual recurring revenue outperformance. Analyst Commentary Recent Street research on Rubrik points to a mixed setup for investors, with some firms cutting price targets while others highlight upside around growth execution and annual recurring revenue.
PANW
US$162.81
Palo Alto Networks
7D
2.2%
1Y
-18.6%

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.
PRGS
US$35.66
Progress Software
7D
-13.9%
1Y
-38.4%

PRGS: AI Tools And Buybacks Will Support Cautious But Balanced Outlook

Analysts have nudged their price target on Progress Software modestly higher by $6 overall, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E after a mix of recent target increases and reductions in Street research. Analyst Commentary Recent research around Progress Software reflects a mixed but generally cautious tone, even with the modest net increase in the overall price target figure.
OBAI
US$4.25
TG-17
7D
-77.6%
1Y
n/a

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FTNT
US$84.26
Fortinet
7D
1.8%
1Y
-24.5%
CRWD
US$411.54
CrowdStrike Holdings
7D
9.1%
1Y
-9.3%