Technology One Limited

ASX:TNE Stock Report

Market Cap: AU$9.2b

Technology One Valuation

Is TNE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TNE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: TNE (A$28.11) is trading above our estimate of future cash flow value (A$26.91)

Significantly Below Future Cash Flow Value: TNE is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TNE?

Key metric: As TNE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TNE. This is calculated by dividing TNE's market cap by their current earnings.
What is TNE's PE Ratio?
PE Ratio64.9x
EarningsAU$141.47m
Market CapAU$9.18b

Price to Earnings Ratio vs Peers

How does TNE's PE Ratio compare to its peers?

The above table shows the PE ratio for TNE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40.9x
XRO Xero
84.2x30.14%AU$11.4b
WTC WiseTech Global
43.7x23.95%AU$10.9b
360 Life360
23.5x9.22%AU$4.8b
BVS Bravura Solutions
12.1x-8.09%AU$1.3b
TNE Technology One
64.9x17.60%AU$9.2b

Price-To-Earnings vs Peers: TNE is expensive based on its Price-To-Earnings Ratio (64.9x) compared to the peer average (40.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does TNE's PE Ratio compare vs other companies in the AU Software Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CXZ Connexion Mobility
4.3xn/aUS$10.50m
ADS Adslot
1.4xn/aUS$4.28m
No more companies available in this PE range
TNE 64.9xIndustry Avg. 24.8xNo. of Companies4PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TNE is expensive based on its Price-To-Earnings Ratio (64.9x) compared to the Australian Software industry average (24.8x).

Price to Earnings Ratio vs Fair Ratio

What is TNE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TNE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio64.9x
Fair PE Ratio34.4x

Price-To-Earnings vs Fair Ratio: TNE is expensive based on its Price-To-Earnings Ratio (64.9x) compared to the estimated Fair Price-To-Earnings Ratio (34.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TNE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$28.11
AU$31.16
+10.85%
9.59%AU$34.25AU$22.00n/a16
Sep ’27AU$32.19
AU$31.16
-3.20%
9.59%AU$34.25AU$22.00n/a16
Aug ’27AU$30.76
AU$31.16
+1.30%
9.59%AU$34.25AU$22.00n/a16
Jul ’27AU$29.57
AU$31.16
+5.38%
9.59%AU$34.25AU$22.00n/a16
Jun ’27AU$31.75
AU$31.04
-2.25%
9.33%AU$34.00AU$22.00n/a16
May ’27AU$27.95
AU$30.92
+10.62%
10.34%AU$36.50AU$22.00n/a16
Apr ’27AU$27.90
AU$31.59
+13.24%
12.24%AU$38.70AU$22.00n/a16
Mar ’27AU$26.07
AU$32.45
+24.46%
13.10%AU$40.32AU$23.50n/a15
Feb ’27AU$25.19
AU$34.38
+36.47%
15.90%AU$44.27AU$21.50n/a17
Jan ’27AU$27.96
AU$34.75
+24.27%
15.90%AU$44.55AU$21.50n/a17
Dec ’26AU$29.48
AU$34.87
+18.29%
15.47%AU$44.55AU$21.50n/a18
Nov ’26AU$36.90
AU$38.03
+3.06%
19.03%AU$50.00AU$21.00n/a18
Oct ’26AU$38.33
AU$37.51
-2.13%
17.66%AU$45.70AU$21.00n/a18
Sep ’26AU$38.92
AU$36.92
-5.15%
19.25%AU$45.70AU$18.00AU$32.1918
Aug ’26AU$40.19
AU$36.92
-8.14%
19.25%AU$45.70AU$18.00AU$30.7618
Jul ’26AU$40.68
AU$36.22
-10.96%
18.79%AU$45.00AU$18.00AU$29.5717
Jun ’26AU$41.06
AU$36.22
-11.79%
18.79%AU$45.00AU$18.00AU$31.7517
May ’26AU$30.82
AU$28.45
-7.70%
15.61%AU$35.00AU$16.20AU$27.9517
Apr ’26AU$28.51
AU$28.46
-0.16%
17.08%AU$35.00AU$16.20AU$27.9017
Mar ’26AU$29.47
AU$28.38
-3.70%
17.31%AU$35.00AU$15.75AU$26.0717
Feb ’26AU$30.94
AU$28.38
-8.28%
17.31%AU$35.00AU$15.75AU$25.1917
Jan ’26AU$31.31
AU$27.51
-12.14%
20.61%AU$35.00AU$15.36AU$27.9618
Dec ’25AU$30.21
AU$27.45
-9.12%
21.24%AU$35.00AU$15.36AU$29.4817
Nov ’25AU$24.31
AU$20.11
-17.28%
20.75%AU$29.00AU$14.50AU$36.9017
Oct ’25AU$24.08
AU$19.75
-17.98%
20.10%AU$29.00AU$14.50AU$38.3317
Sep ’25AU$22.91
AU$19.50
-14.89%
18.86%AU$29.00AU$14.50AU$38.9217
AU$31.16
Fair Value
9.8% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 17:09
End of Day Share Price 2026/09/11 00:00
Earnings2026/03/31
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Technology One Limited is covered by 28 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Josh KannourakisBarrenjoey Markets Pty Limited
Chris SavageBell Potter
Ware KuoBofA Global Research