Technology One Limited (TNE.AX) stock analysis

In our weekly check, Technology One Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 20 pass, warnings: 3, red flags: 2.

About Technology One Limited

Technology One Limited is a Technology company (Software - Application) based in Australia, listed on ASX as TNE.AX.

What our checks show for TNE.AX

Red flags

• The price is 73.8 times earnings (P/E): the market already pays for a lot of future growth.
• Recovering from its deepest fall took about 3.4 years.

Warning signs

• The dividend takes 81% of profit: little cushion if profit falls.
• The price swings a lot: 45.1% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 53% from a peak. Would you have held through that?

Strengths

• Debt is low: 0.12x equity.
• Operating profit covers interest 34.7 times over.
• The gross margin is 86.3% and has risen by 32.6 points: pricing power is holding.
• Operating cash flow is 2.14x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 19.9% a year over the next years.
• Analysts expect the net margin to improve by 2.9 points from today's 23%.

Next earnings report: 2026-11-17

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Questions

What grade does Technology One Limited (TNE.AX) have?

In our weekly check, Technology One Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 20 pass, warnings: 3, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of TNE.AX stock?

This week's biggest flags for Technology One Limited: High P/E, Slow recovery after falls, Dividend stretched. In total 5 of 25 checks show a warning or a red flag.

What does Technology One Limited do?

Technology One Limited is a Technology company (Software - Application) based in Australia, listed on ASX as TNE.AX.

When does Technology One Limited report earnings next?

The next earnings report is expected on 2026-11-17. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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