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U.S. Application Software Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies358
  • 7D-2.5%
  • 3M-25.8%
  • 1Y-13.9%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 9.6%, driven by a pullback from Palantir Technologies of 5.5%. However, the industry is down 14% over the past year. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026US$1.6tUS$235.5bUS$20.4b30.4x80.1x6.9x
Fri, 27 Feb 2026US$1.7tUS$234.4bUS$22.3b26.3x76.4x7.3x
Sun, 25 Jan 2026US$2.1tUS$232.0bUS$34.2b29.6x61.1x9x
Tue, 23 Dec 2025US$2.3tUS$228.5bUS$39.1b30x59.8x10.2x
Thu, 20 Nov 2025US$2.1tUS$226.4bUS$36.7b26.9x58.2x9.4x
Sat, 18 Oct 2025US$2.3tUS$221.7bUS$31.8b33.2x73.2x10.5x
Mon, 15 Sep 2025US$2.3tUS$221.3bUS$31.9b34.7x72.5x10.5x
Wed, 13 Aug 2025US$2.3tUS$216.9bUS$32.9b36x70x10.6x
Fri, 11 Jul 2025US$2.3tUS$215.9bUS$17.1b44.9x133.6x10.6x
Sun, 08 Jun 2025US$2.2tUS$214.5bUS$17.7b41.1x124.8x10.3x
Tue, 06 May 2025US$2.0tUS$208.8bUS$16.8b32.1x121.3x9.8x
Thu, 03 Apr 2025US$1.9tUS$209.3bUS$21.4b30x87.3x8.9x
Sat, 01 Mar 2025US$2.0tUS$209.9bUS$19.2b34.9x105.4x9.7x
Mon, 27 Jan 2025US$2.2tUS$205.7bUS$20.3b42.9x106.4x10.5x
Wed, 25 Dec 2024US$2.2tUS$206.7bUS$19.9b41.5x109.7x10.6x
Fri, 22 Nov 2024US$2.1tUS$206.0bUS$19.3b41.5x110.4x10.3x
Sun, 20 Oct 2024US$1.8tUS$201.3bUS$19.0b37.6x96.6x9.1x
Tue, 17 Sep 2024US$1.7tUS$201.9bUS$18.9b38.9x91.9x8.6x
Thu, 15 Aug 2024US$1.7tUS$199.9bUS$17.2b34.9x97.8x8.4x
Sat, 13 Jul 2024US$1.7tUS$196.9bUS$16.8b40.8x102.7x8.7x
Mon, 10 Jun 2024US$1.6tUS$197.0bUS$16.1b40.2x100.1x8.2x
Wed, 08 May 2024US$1.7tUS$197.1bUS$12.3b45.9x137.1x8.5x
Fri, 05 Apr 2024US$1.7tUS$195.0bUS$11.3b45.5x154.5x9x
Sun, 03 Mar 2024US$1.9tUS$198.0bUS$11.1b47.6x167.7x9.4x
Tue, 30 Jan 2024US$1.8tUS$209.5bUS$2.0b51.7x917.2x8.8x
Thu, 28 Dec 2023US$1.8tUS$209.4bUS$2.5b47.4x720.3x8.8x
Sat, 25 Nov 2023US$1.7tUS$206.5bUS$206.3m48x8128.8x8.1x
Mon, 23 Oct 2023US$1.5tUS$203.9b-US$1,106,410,735.0044x-1377x7.5x
Wed, 20 Sep 2023US$1.6tUS$206.7b-US$1,837,724,039.0048x-866.8x7.7x
Fri, 18 Aug 2023US$1.5tUS$201.0b-US$3,978,300,764.0045.2x-386.1x7.6x
Sun, 16 Jul 2023US$1.6tUS$198.5b-US$8,148,007,980.0048.3x-196.4x8.1x
Tue, 13 Jun 2023US$1.5tUS$197.9b-US$6,129,907,051.0044.2x-245.5x7.6x
Thu, 11 May 2023US$1.3tUS$195.4b-US$6,920,915,978.0037.8x-191.9x6.8x
Sat, 08 Apr 2023US$1.4tUS$196.7b-US$4,574,046,647.0043x-301.4x7x
Price to Earnings Ratio

-301.4x


Total Market Cap: US$1.4tTotal Earnings: -US$4,574,046,647.00Total Revenue: US$196.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Application Software Industry Price to Earnings3Y Average 20.3x202420252026
Current Industry PE
  • Investors are optimistic on the American Application Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 79.1x which is higher than its 3-year average PE of 20.3x.
  • The 3-year average PS ratio of 9.0x is higher than the industry's current PS ratio of 6.9x.
Past Earnings Growth
  • Total earnings for the Application Software industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 6.2% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does U.S. Application Software compare with similar industries?

US Market-0.61%
Tech-2.04%
Software-0.89%
Application Software-2.46%
Systems Software-0.18%
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
CRM SalesforceUS$186.672.0%
+US$3.4b		-30.9%PE23.1x
FICO Fair IsaacUS$1.07k7.3%
+US$1.7b		-42.9%PE38.5x
U Unity SoftwareUS$21.9420.9%
+US$1.7b		8.7%PS5.2x
INTU IntuitUS$432.381.3%
+US$1.5b		-30.4%PE27.6x
ZM Zoom CommunicationsUS$80.395.8%
+US$1.3b		8.6%PE12.5x

Latest News

U
US$21.94
Unity Software
7D
20.9%
1Y
8.7%
SNPS
US$396.48
Synopsys
7D
-4.6%
1Y
-9.1%
APP
US$398.00
AppLovin
7D
-8.9%
1Y
37.1%
ROP
US$353.86
Roper Technologies
7D
2.3%
1Y
-40.1%
CRCL
US$95.41
Circle Internet Group
7D
-5.7%
1Y
n/a
CIFR
US$12.87
Cipher Digital
7D
-19.0%
1Y
385.7%
DDOG
US$118.05
Datadog
7D
-4.3%
1Y
16.1%
SAIL
US$13.24
SailPoint
7D
7.5%
1Y
-27.6%
ZM
US$80.39
Zoom Communications
7D
5.8%
1Y
8.6%
FICO
US$1,067.54
Fair Isaac
7D
7.3%
1Y
-42.9%
INTU
US$432.38
Intuit
7D
1.3%
1Y
-30.4%

INTU: AI Partnerships And Embedded Agents Will Support Future Product Usage

The analyst price target for Intuit has been raised slightly to $610.16 from $605.52, as analysts highlight resilient QuickBooks and TurboTax franchises, perceived overstatements of AI disruption risk, and continued AI driven product traction. These factors support modestly higher revenue growth and profit margin assumptions, alongside a slightly lower future P/E multiple.
CRM
US$186.67
Salesforce
7D
2.0%
1Y
-30.9%

CRM: AI Execution Debt-Funded Buybacks And AI Fears Will Shape Risk Balance

Analysts have kept the fair value estimate for Salesforce steady at $190, while slightly adjusting assumptions such as discount rate, revenue growth, profit margin, and future P/E to reflect mixed Q4 trends, widespread price target cuts across the Street, and increasing focus on the potential of Agentforce and AI driven offerings, alongside softer near term organic growth expectations. Analyst Commentary Street research around the latest Q4 report has turned more cautious, even as many firms still see potential in Salesforce's AI and Agentforce roadmap.
IREN
US$34.28
IREN
7D
-17.3%
1Y
407.1%

The Post-Earnings Tantrum, The $6B "Dilution" Myth, and The Unstoppable Neocloud

G'day fellow investors. The post-earnings reaction to IREN is textbook volatility: shares tanked on no new hyperscaler announcements and an EPS miss from the mining-heavy Q4 P&L.
MSTR
US$124.80
Strategy
7D
-10.3%
1Y
-60.1%
ADBE
US$243.08
Adobe
7D
1.8%
1Y
-36.6%

ADBE: CEO Transition Will Intensify AI Monetization Uncertainty And Multiple Compression

Analysts have reduced the Adobe price target to $220 from $271.93, reflecting softer revenue growth assumptions, a lower future P/E outlook, and heightened uncertainty around the CEO transition and the pace of AI driven monetization. Analyst Commentary Recent research on Adobe shows a clear tilt toward caution, with multiple price target cuts and rating downgrades clustering around the latest fiscal Q1 report and the CEO transition announcement.
PLTR
US$146.28
Palantir Technologies
7D
-5.5%
1Y
72.7%

My take on Palantir

For me, the story behind this company is the following. I read Alex Carpe's book, The Philosopher in the Valley, and I loved how structured and driven he was.