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U.S. Software Industry Analysis

UpdatedJun 04, 2026
DataAggregated Company Financials
Companies441
  • 7D4.9%
  • 3M11.5%
  • 1Y-5.1%
  • YTD-4.6%

Over the last 7 days, the Software industry has risen 4.9%, driven by gains from Oracle of 21%. During this same period, the Strategy underperformed, falling 18%. In the past year, the industry is down 5.1%. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Jun 2026US$6.7tUS$691.4bUS$155.7b29x42.9x9.7x
Sat, 02 May 2026US$5.8tUS$681.1bUS$162.7b30.3x35.6x8.5x
Mon, 30 Mar 2026US$5.2tUS$668.4bUS$161.9b28.2x32x7.7x
Wed, 25 Feb 2026US$5.4tUS$661.1bUS$162.9b24.2x33x8.1x
Fri, 23 Jan 2026US$6.5tUS$649.0bUS$159.9b30.5x40.8x10x
Sun, 21 Dec 2025US$7.2tUS$645.4bUS$164.7b32.4x43.6x11.1x
Tue, 18 Nov 2025US$7.4tUS$641.1bUS$159.9b30.8x46x11.5x
Thu, 16 Oct 2025US$7.8tUS$621.4bUS$151.7b34.9x51.2x12.5x
Sat, 13 Sep 2025US$7.7tUS$620.9bUS$151.9b34.9x50.6x12.4x
Mon, 11 Aug 2025US$7.6tUS$614.0bUS$150.0b37.7x50.5x12.3x
Wed, 09 Jul 2025US$7.4tUS$598.9bUS$131.3b43.8x56.2x12.3x
Fri, 06 Jun 2025US$6.8tUS$595.6bUS$131.6b39.5x52x11.5x
Sun, 04 May 2025US$6.4tUS$589.0bUS$131.0b33.5x48.9x10.9x
Tue, 01 Apr 2025US$5.7tUS$582.3bUS$130.7b29.3x43.7x9.8x
Thu, 27 Feb 2025US$6.2tUS$581.2bUS$128.6b35.2x48.1x10.6x
Sat, 25 Jan 2025US$6.7tUS$568.2bUS$129.2b42.3x52.1x11.8x
Mon, 23 Dec 2024US$6.6tUS$569.1bUS$128.8b40.8x51.1x11.6x
Wed, 20 Nov 2024US$6.3tUS$566.7bUS$127.1b41x50x11.2x
Fri, 18 Oct 2024US$6.0tUS$551.7bUS$124.1b39.5x48.7x10.9x
Sun, 15 Sep 2024US$6.0tUS$552.4bUS$124.0b38.8x48.2x10.8x
Tue, 13 Aug 2024US$5.6tUS$548.6bUS$121.5b34.3x46.1x10.2x
Thu, 11 Jul 2024US$6.0tUS$530.5bUS$118.1b40.3x51.1x11.4x
Sat, 08 Jun 2024US$5.2tUS$477.7bUS$107.3b39.9x48.9x11x
Mon, 06 May 2024US$5.2tUS$476.8bUS$103.2b42.3x50.1x10.8x
Wed, 03 Apr 2024US$5.4tUS$466.0bUS$98.3b44x55.1x11.6x
Fri, 01 Mar 2024US$5.4tUS$472.1bUS$98.1b43.9x54.6x11.3x
Sun, 28 Jan 2024US$5.4tUS$486.8bUS$82.4b47.4x66.1x11.2x
Tue, 26 Dec 2023US$5.2tUS$486.1bUS$82.9b44.5x62.4x10.6x
Thu, 23 Nov 2023US$5.0tUS$482.4bUS$79.9b44.9x62.4x10.3x
Sat, 21 Oct 2023US$4.4tUS$477.3bUS$73.7b42x60.3x9.3x
Mon, 18 Sep 2023US$4.6tUS$480.1bUS$73.0b45.2x62.5x9.5x
Wed, 16 Aug 2023US$4.4tUS$473.1bUS$70.2b45.1x63.1x9.4x
Fri, 14 Jul 2023US$4.6tUS$460.7bUS$60.1b49.4x76.8x10x
Sun, 11 Jun 2023US$4.3tUS$460.1bUS$62.1b43.1x69.8x9.4x
Price to Earnings Ratio

69.8x


Total Market Cap: US$4.3tTotal Earnings: US$62.1bTotal Revenue: US$460.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Software Industry Price to Earnings3Y Average 51.5x202420252026
Current Industry PE
  • Investors are pessimistic on the American 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 42.9x which is lower than its 3-year average PE of 51.5x.
  • The industry is trading close to its 3-year average PS ratio of 10.7x.
Past Earnings Growth
  • The earnings for companies in the Software industry have grown 36% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Tech industry?

US Market0.35%
Tech5.43%
Software4.86%
Systems Software5.06%
Application Software4.36%
Industry PE
  • Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 45.3x.
    • Analysts are expecting annual earnings growth of 28.0%, which is higher than its past year's earnings growth of 10.2% per year.
  • Investors are most pessimistic about the Systems Software industry, which is trading below its 3-year average of 39.2x.
Forecasted Growth
  • Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings growth rate of 10% per year.
  • In contrast, the Systems Software industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ORCL OracleUS$230.3320.6%
+US$113.2b		37.0%PE40.9x
CRWD CrowdStrike HoldingsUS$747.6115.8%
+US$26.0b		62.3%PS39.5x
PANW Palo Alto NetworksUS$280.4312.9%
+US$25.9b		44.5%PE177.4x
PLTR Palantir TechnologiesUS$142.207.3%
+US$23.2b		9.4%PE149.4x
NOW ServiceNowUS$117.9015.5%
+US$16.3b		-41.8%PE69.2x

Latest News

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1Y
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CRWD
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7D
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1Y
62.3%
IREN
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IREN
7D
-3.5%
1Y
594.4%
FTNT
US$146.48
Fortinet
7D
14.5%
1Y
44.1%
CRM
US$190.61
Salesforce
7D
7.4%
1Y
-27.6%
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Fair Isaac
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Palo Alto Networks
7D
12.9%
1Y
44.5%
NOW
US$117.90
ServiceNow
7D
15.5%
1Y
-41.8%
MSTR
US$126.55
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7D
-17.9%
1Y
-66.5%
NBIS
US$251.68
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7D
20.8%
1Y
538.9%
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PLTR
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Palantir Technologies
7D
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1Y
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ORCL
US$230.33
Oracle
7D
20.6%
1Y
37.0%
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BMNR
US$16.90
Bitmine Immersion Technologies
7D
-10.2%
1Y
-11.1%
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ADSK
US$229.60
Autodesk
7D
-3.1%
1Y
-23.0%
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US$16.30
SentinelOne
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-9.2%
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-9.3%
CRCL
US$90.13
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-12.2%
1Y
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