Image source: Getty Images
Technology One vs Life360 shares
Plenty of Aussie investors are looking at technology shares for long-term growth, and right now, two names keep popping up: TechnologyOne Ltd (ASX: TNE) and Life360 Inc (ASX: 360). But which one has the best upside from here? Whether you're after profits, dividends, or a stake in the next big thing, let's see how these companies stack up.
The case for TechnologyOne
TechnologyOne is a heavyweight in Australia's tech scene, creating enterprise software that helps its more than 1,000 clients — mainly government agencies, councils, and big organisations — run smoother operations. This Brisbane-based business has grown its footprint into six countries, focusing on integrated, user-friendly IT solutions.
Looking at the fundamentals, TechnologyOne is clearly a mature, profitable business:
- Market cap is a hefty $9.59 billion, making it one of the largest software companies on the ASX.
- P/E ratio stands at 68.51, reflecting strong investor confidence but also a premium to many other listed companies.
- Their dividend yield is at 0.96%, not huge, but decent for a technology outfit, especially with 75% franking on recent payouts. The trailing dividend per share sits at $0.28.
According to its most recent public description, TechnologyOne claims more than 1,000 customers across seven industry segments, which adds to its stability and resilience.
The case for Life360
Life360 is a US-based developer best known for its family safety app, letting users share locations, communicate, and get real-time alerts and driver reports. The app includes features like roadside assistance, driver monitoring, theft ID, and medical help — and with its recent entry into ad-tech, it's chasing new revenue streams as well. Life360 boasts more than 104 million monthly active users.
Life360's raw fundamentals tell the story of a growth-focused business:
- Market cap is $4.72 billion, about half the size of Technology One but still large for an ASX tech company.
- P/E ratio of 23.70, much lower than TechnologyOne's, and EPS of $0.573. (Note: While EPS is higher here, P/E ratios can reflect different underlying measures or one-off factors, so keep this context in mind.)
- No dividend at all — classic for a company reinvesting in expansion, especially with a global user base and ad-tech ambitions.
Life360's offering is consumer-facing and more global, with new growth engines like advertising now in play.
Valuation comparison
Here's a quick look at the key numbers:
| TechnologyOne | Life360 | |
|---|---|---|
| Market Cap | $9.59b | $4.72b |
| P/E Ratio | 68.51 | 23.70 |
| Dividend Yield | 0.96% (franked 75%) | 0.00% |
| Earnings Per Share (EPS) | $0.428 | $0.573 |
| Year to Date Return | 5.0% | -42.4% |
Note: Life360's reported P/E and EPS both suggest it's profitable on a per-share basis, while TechnologyOne's much higher P/E suggests the market prices in strong future growth or stability. Also, Life360 pays no dividend, while TechnologyOne offers a small franked yield, which may be attractive if that regular cashflow matters for you.
Recent share price performance
Comparing recent share price data until 25 Sep 2026:
- TechnologyOne: Closed at $29.29, down 1.2% on the day. Its year-to-date return is a positive 5.0%.
- Life360: Closed at $19.32, up a tiny 0.05% on the day. But its year-to-date return is down sharply, at -42.4%.
So, while both have had daily ups and downs lately, TechnologyOne's shares have held up much better so far in 2026, while Life360 has suffered a significant drawdown.
Which is the better buy?
This is where it gets interesting. If I'm weighing pure upside potential, Life360 stands out. Its P/E ratio is well below TechnologyOne's, even though its EPS is higher. It just reported a profit, has a massive (user base, and is chasing new ad-driven revenue — all classic ingredients for a beaten-down growth stock to rebound hard if things click. But there are clear risks: year to date, Life360 shares are down over 40%, a real blow for any investor who bought in a few months back.
TechnologyOne, meanwhile, is the definition of dependable: strong client base, reliable profits, and a long history of resilience. Investors do pay a steep premium for that consistency, with a P/E near 70 and a dividend yield below 1%. If you want steady, relatively lower-risk exposure in the Aussie tech sector, I can see the appeal — though I doubt you'll get explosive upside from here, unless earnings go through the roof.
So here's my take: For pure upside, my pick would be Life360. It's coming off a rough patch, is priced much more modestly, and any positive surprise — user growth, new monetisation, or acquisition news — could see a sharp recovery. I'd call it a higher-risk, higher-reward option. If you want to sleep soundly and collect those franked dividends, TechnologyOne might be the safer, steadier bet, but if I had to choose on upside, Life360 gets my nod.
