Analysis Article • May 18
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Canadian (TSX) Healthtech Industry Analysis
UpdatedMay 23, 2026
DataAggregated Company Financials
Companies16
- 7D-3.3%
- 3M6.3%
- 1Y-12.9%
- YTD-14.8%
Over the last 7 days, the Healthtech industry has dropped 3.6%, driven by Redwood AI declining 18%. The industry has fallen 13% in the last year. Looking forward, earnings are forecast to grow by 88% annually.
Industry Valuation and Performance
Has the Canadian Healthtech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 23 May 2026 | CA$1.9b | CA$247.0m | -CA$32,985,792.00 | 94x | -57.2x | 7.6x |
| Mon, 20 Apr 2026 | CA$1.9b | CA$218.2m | -CA$21,945,570.00 | 273.7x | -88.2x | 8.9x |
| Wed, 18 Mar 2026 | CA$1.7b | CA$207.3m | -CA$25,726,216.00 | 258.8x | -65.4x | 8.1x |
| Fri, 13 Feb 2026 | CA$1.6b | CA$204.0m | -CA$19,908,806.00 | 299.6x | -82.4x | 8x |
| Sun, 11 Jan 2026 | CA$1.8b | CA$204.3m | -CA$18,073,589.00 | 353.6x | -100.9x | 8.9x |
| Tue, 09 Dec 2025 | CA$1.7b | CA$204.2m | -CA$18,956,724.00 | 342.6x | -92x | 8.5x |
| Thu, 06 Nov 2025 | CA$1.8b | CA$175.8m | -CA$11,755,821.00 | 995.9x | -156.6x | 10.5x |
| Sat, 04 Oct 2025 | CA$1.9b | CA$175.8m | -CA$12,143,232.00 | 1198.7x | -154.6x | 10.7x |
| Mon, 01 Sep 2025 | CA$1.9b | CA$176.3m | -CA$12,455,797.00 | 1079.6x | -153.6x | 10.9x |
| Wed, 30 Jul 2025 | CA$1.8b | CA$160.9m | -CA$19,902,515.00 | 266.3x | -91x | 11.3x |
| Fri, 27 Jun 2025 | CA$1.7b | CA$160.9m | -CA$35,443,506.00 | 216x | -47.6x | 10.5x |
| Sun, 25 May 2025 | CA$1.6b | CA$144.6m | -CA$34,137,672.00 | 199.4x | -46.1x | 10.9x |
| Tue, 22 Apr 2025 | CA$1.4b | CA$138.7m | -CA$22,047,890.00 | 106.9x | -63x | 10x |
| Thu, 20 Mar 2025 | CA$1.2b | CA$131.5m | -CA$13,642,110.00 | 98.1x | -90.9x | 9.4x |
| Sat, 15 Feb 2025 | CA$1.4b | CA$127.2m | -CA$13,979,026.00 | 122.2x | -99.4x | 10.9x |
| Mon, 13 Jan 2025 | CA$1.4b | CA$127.1m | -CA$21,980,357.00 | 119.2x | -61.5x | 10.6x |
| Wed, 11 Dec 2024 | CA$1.3b | CA$127.1m | -CA$21,980,357.00 | 132.4x | -58.5x | 10.1x |
| Fri, 08 Nov 2024 | CA$1.1b | CA$117.8m | -CA$25,832,010.00 | 115.9x | -41.2x | 9x |
| Sun, 06 Oct 2024 | CA$919.8m | CA$117.8m | -CA$25,474,194.00 | 96.1x | -36.1x | 7.8x |
| Tue, 03 Sep 2024 | CA$916.9m | CA$117.8m | -CA$25,496,571.00 | 85.9x | -36x | 7.8x |
| Thu, 01 Aug 2024 | CA$856.8m | CA$96.5m | -CA$23,157,357.00 | 70.1x | -37x | 8.9x |
| Sat, 29 Jun 2024 | CA$850.0m | CA$120.2m | -CA$21,688,882.42 | 51x | -39.2x | 7.1x |
| Mon, 27 May 2024 | CA$822.8m | CA$119.7m | -CA$23,202,808.87 | 48.5x | -35.5x | 6.9x |
| Wed, 24 Apr 2024 | CA$739.2m | CA$127.0m | -CA$34,739,258.49 | 44.7x | -21.3x | 5.8x |
| Fri, 22 Mar 2024 | CA$767.6m | CA$224.0m | -CA$51,681,230.35 | 54x | -14.9x | 3.4x |
| Sun, 18 Feb 2024 | CA$724.5m | CA$220.8m | -CA$49,799,143.71 | 46.6x | -14.5x | 3.3x |
| Tue, 16 Jan 2024 | CA$602.5m | CA$221.6m | -CA$74,786,715.00 | 35.8x | -8.1x | 2.7x |
| Thu, 14 Dec 2023 | CA$663.5m | CA$221.8m | -CA$77,835,107.00 | 35.1x | -8.5x | 3x |
| Sat, 11 Nov 2023 | CA$661.5m | CA$221.0m | -CA$80,521,122.00 | 43.3x | -8.2x | 3x |
| Mon, 09 Oct 2023 | CA$691.6m | CA$214.2m | -CA$84,215,111.00 | 266.9x | -8.2x | 3.2x |
| Wed, 06 Sep 2023 | CA$568.0m | CA$214.1m | -CA$79,050,795.00 | 251.3x | -7.2x | 2.7x |
| Fri, 04 Aug 2023 | CA$607.1m | CA$190.2m | -CA$79,411,136.00 | n/a | -7.6x | 3.2x |
| Sun, 02 Jul 2023 | CA$558.7m | CA$190.0m | -CA$79,614,193.00 | n/a | -7x | 2.9x |
| Tue, 30 May 2023 | CA$637.7m | CA$204.8m | -CA$90,084,163.00 | n/a | -7.1x | 3.1x |
Price to Earnings Ratio
-7.1x
Current Industry PE
- Investors are relatively neutral on the Canadian Healthcare Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 7.3x.
Past Earnings Growth
- The earnings for companies in the Healthcare Services industry have improved over the last three years.
- Revenues for these companies have grown 6.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Canadian Healthcare industry?
| CA Market | 1.53% | |
| Healthcare | 1.29% | |
| Healthtech | -3.32% | |
| Healthtech | -3.32% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VHI Vitalhub | CA$7.15 | 2.1% +CA$9.5m | -29.6% | PE61.9x | |
| AIAI NetraMark Holdings | CA$0.95 | 6.7% +CA$5.6m | -29.6% | PS500.5x | |
| NURS Hydreight Technologies | CA$4.00 | 1.0% +CA$2.1m | 148.4% | PE126x | |
| KSI kneat.com | CA$5.10 | 0.4% +CA$1.9m | -21.3% | PS7.4x | |
| EKG CardioComm Solutions | CA$0.01 | 100.0% +CA$987.9k | 0% | PS7.3x |