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Canadian (TSX) Healthtech Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies13
  • 7D3.3%
  • 3M-10.7%
  • 1Y1.2%
  • YTD0.8%

In the last week, the Healthtech industry is up 3.7%, with kneat.com up 13%. Overall in the last year, the industry is flat. Earnings are forecast to grow by 64% annually.

Industry Valuation and Performance

Has the Canadian Healthtech Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025CA$1.8bCA$204.2m-CA$18,956,724.00322.1x-95x8.8x
Fri, 21 Nov 2025CA$1.7bCA$194.7m-CA$15,542,822.0084839.8x-106.4x8.5x
Sun, 19 Oct 2025CA$1.8bCA$175.8m-CA$12,143,232.001099.9x-151x10.4x
Tue, 16 Sep 2025CA$1.9bCA$175.8m-CA$12,143,232.001100.6x-156.2x10.8x
Thu, 14 Aug 2025CA$1.9bCA$172.2m-CA$15,074,245.00651.5x-124.9x10.9x
Sat, 12 Jul 2025CA$1.7bCA$160.9m-CA$20,069,580.00246.3x-87.2x10.9x
Mon, 09 Jun 2025CA$1.7bCA$160.9m-CA$35,443,506.00208.1x-48.1x10.6x
Wed, 07 May 2025CA$1.4bCA$123.4m-CA$21,518,065.00205.3x-66x11.5x
Fri, 04 Apr 2025CA$1.3bCA$138.7m-CA$22,047,890.00109.7x-61.2x9.7x
Sun, 02 Mar 2025CA$1.4bCA$131.5m-CA$13,841,918.00107.1x-99.1x10.4x
Tue, 28 Jan 2025CA$1.4bCA$127.2m-CA$14,087,989.00123.2x-101.6x11.3x
Thu, 26 Dec 2024CA$1.3bCA$127.1m-CA$21,980,357.00122.3x-60.2x10.4x
Sat, 23 Nov 2024CA$1.1bCA$125.4m-CA$22,666,140.00180.6x-50.4x9.1x
Mon, 21 Oct 2024CA$1.0bCA$117.8m-CA$25,474,194.00101.7x-39.6x8.6x
Wed, 18 Sep 2024CA$930.6mCA$117.8m-CA$25,474,194.0096.4x-36.5x7.9x
Fri, 16 Aug 2024CA$912.1mCA$103.4m-CA$20,819,083.0090.8x-43.8x8.8x
Sun, 14 Jul 2024CA$783.8mCA$96.5m-CA$23,002,774.0062.3x-34.1x8.1x
Tue, 11 Jun 2024CA$847.5mCA$132.9m-CA$24,222,486.8449.7x-35x6.4x
Thu, 09 May 2024CA$782.3mCA$125.7m-CA$25,717,979.3346.3x-30.4x6.2x
Sat, 06 Apr 2024CA$751.9mCA$226.5m-CA$50,470,392.5039.7x-14.9x3.3x
Mon, 04 Mar 2024CA$720.7mCA$224.1m-CA$51,729,735.0947.2x-13.9x3.2x
Wed, 31 Jan 2024CA$636.4mCA$221.5m-CA$76,314,769.0037.6x-8.3x2.9x
Fri, 29 Dec 2023CA$594.8mCA$221.0m-CA$74,721,160.0034.6x-8x2.7x
Sun, 26 Nov 2023CA$693.8mCA$220.7m-CA$78,042,015.0035.4x-8.9x3.1x
Tue, 24 Oct 2023CA$653.9mCA$214.7m-CA$82,196,586.00265.1x-8x3x
Thu, 21 Sep 2023CA$705.0mCA$213.7m-CA$84,054,021.00265.1x-8.4x3.3x
Sat, 19 Aug 2023CA$574.2mCA$196.6m-CA$81,701,204.00248.6x-7x2.9x
Mon, 17 Jul 2023CA$562.5mCA$190.0m-CA$79,610,746.00n/a-7.1x3x
Wed, 14 Jun 2023CA$550.5mCA$190.2m-CA$80,978,522.00n/a-6.8x2.9x
Fri, 12 May 2023CA$645.5mCA$201.2m-CA$89,903,184.0095.9x-7.2x3.2x
Sun, 09 Apr 2023CA$677.1mCA$199.6m-CA$108,259,427.0097x-6.3x3.4x
Tue, 07 Mar 2023CA$687.8mCA$195.5m-CA$106,784,624.00120.2x-6.4x3.5x
Thu, 02 Feb 2023CA$710.3mCA$191.1m-CA$108,315,502.00132.5x-6.6x3.7x
Sat, 31 Dec 2022CA$685.7mCA$193.0m-CA$111,296,734.00121.9x-6.2x3.6x
Price to Earnings Ratio

-6.2x


Total Market Cap: CA$685.7mTotal Earnings: -CA$111,296,734.00Total Revenue: CA$193.0mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Healthtech Industry Price to Earnings3Y Average -44.4x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Healthcare Services industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 6.7x is lower than the industry's current PS ratio of 8.9x.
Past Earnings Growth
  • The earnings for companies in the Healthcare Services industry have improved over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since losses are shrinking while sales have been flat.

Industry Trends

Which industries have driven the changes within the Canadian Healthcare industry?

CA Market2.23%
Healthcare-11.30%
Healthtech3.28%
Healthtech3.28%
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
KSI kneat.comCA$4.8212.9%
+CA$52.5m		-19.8%PS7.7x
VHI VitalhubCA$9.144.2%
+CA$23.4m		-18.2%PE204.1x
ADK DIAGNOSCA$0.3411.3%
+CA$4.6m		13.1%PS572.2x
AIAI NetraMark HoldingsCA$1.173.5%
+CA$3.5m		14.7%PS208.5x
CHS Comprehensive Healthcare SystemsCA$0.5819.6%
+CA$1.7m		190.0%PS1.8x

Latest News

HBFG
CA$2.23
Happy Belly Food Group
7D
-2.2%
1Y
85.8%

After Leaping 30% Happy Belly Food Group Inc. (CSE:HBFG) Shares Are Not Flying Under The Radar

Dec 24
After Leaping 30% Happy Belly Food Group Inc. (CSE:HBFG) Shares Are Not Flying Under The Radar
ADK
CA$0.34
DIAGNOS
7D
11.3%
1Y
13.1%
DMED
CA$0.065
Diagnamed Holdings
7D
8.3%
1Y
160.0%
AIAI
CA$1.17
NetraMark Holdings
7D
3.5%
1Y
14.7%
KSI
CA$4.82
kneat.com
7D
12.9%
1Y
-19.8%

KSI: Expanding Global Validation Agreements Will Drive Future Outperformance

We lower our Kneat.com price target to C$5.50 from C$7.50, reflecting analysts' reduced near term expectations for valuation multiples, despite largely unchanged long term growth and margin assumptions. Analyst Commentary Recent Street research reflects a more tempered near term outlook for Kneat.com, with price targets revised lower but positive ratings maintained, signaling continued confidence in the company’s underlying growth trajectory.
AIDR
CA$0.69
Rocket Doctor AI
7D
-4.2%
1Y
32.7%
EKG
CA$0.015
CardioComm Solutions
7D
50.0%
1Y
50.0%
SEGN
CA$0.19
Seegnal
7D
-13.6%
1Y
n/a
AVCR
CA$0.05
Avricore Health
7D
-9.1%
1Y
-16.7%
NARA
CA$0.64
Pangenomic Health
7D
3.2%
1Y
341.4%
KDA
CA$0.24
KDA Group
7D
-4.0%
1Y
-12.7%
NURS
CA$4.02
Hydreight Technologies
7D
-4.3%
1Y
111.6%
CHS
CA$0.58
Comprehensive Healthcare Systems
7D
19.6%
1Y
190.0%
UDOC
CA$0.15
Unidoc Health
7D
-9.1%
1Y
-68.8%
VHI
CA$9.14
Vitalhub
7D
4.2%
1Y
-18.2%