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Canadian (TSX) Healthtech Industry Analysis
UpdatedSep 03, 2025
DataAggregated Company Financials
Companies14
- 7D-3.6%
- 3M8.5%
- 1Y49.5%
- YTD6.9%
Over the last 7 days, the Healthtech industry has dropped 2.2%, driven by Vitalhub declining 5.6%. On the other hand KDA Group is actually up 8.0%. Over the past 12 months, the industry was up 49%. As for the next few years, earnings are expected to grow by 18% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 03 Sep 2025 | CA$1.9b | CA$176.3m | -CA$12,455,797.00 | 1071.6x | -153.6x | 10.9x |
| Fri, 01 Aug 2025 | CA$1.8b | CA$160.9m | -CA$19,902,515.00 | 275.1x | -92.4x | 11.4x |
| Sun, 29 Jun 2025 | CA$1.7b | CA$160.9m | -CA$35,529,790.00 | 213.7x | -47.5x | 10.5x |
| Tue, 27 May 2025 | CA$1.6b | CA$144.6m | -CA$34,137,672.00 | 200x | -46.4x | 10.9x |
| Thu, 24 Apr 2025 | CA$1.4b | CA$138.7m | -CA$22,047,890.00 | 115.4x | -62.2x | 9.9x |
| Sat, 22 Mar 2025 | CA$1.3b | CA$131.5m | -CA$13,642,110.00 | 104x | -94.4x | 9.8x |
| Mon, 17 Feb 2025 | CA$1.4b | CA$127.2m | -CA$13,979,026.00 | 122.2x | -99.8x | 11x |
| Wed, 15 Jan 2025 | CA$1.3b | CA$127.1m | -CA$21,980,357.00 | 123.2x | -61.2x | 10.6x |
| Fri, 13 Dec 2024 | CA$1.3b | CA$127.1m | -CA$21,980,357.00 | 136.1x | -60.1x | 10.4x |
| Sun, 10 Nov 2024 | CA$1.1b | CA$122.1m | -CA$21,067,450.00 | 118.8x | -53.3x | 9.2x |
| Tue, 08 Oct 2024 | CA$920.5m | CA$117.8m | -CA$25,474,194.00 | 96.7x | -36.1x | 7.8x |
| Thu, 05 Sep 2024 | CA$895.4m | CA$117.8m | -CA$25,496,571.00 | 85.4x | -35.1x | 7.6x |
| Sat, 03 Aug 2024 | CA$865.7m | CA$96.5m | -CA$23,157,357.00 | 71.5x | -37.4x | 9x |
| Mon, 01 Jul 2024 | CA$805.0m | CA$96.5m | -CA$23,002,774.00 | 66.1x | -35x | 8.3x |
| Wed, 29 May 2024 | CA$818.9m | CA$119.7m | -CA$23,204,901.73 | 48.3x | -35.3x | 6.8x |
| Fri, 26 Apr 2024 | CA$734.0m | CA$127.0m | -CA$34,754,668.20 | 43.5x | -21.1x | 5.8x |
| Sun, 24 Mar 2024 | CA$768.9m | CA$224.2m | -CA$51,765,663.05 | 52.5x | -14.9x | 3.4x |
| Tue, 20 Feb 2024 | CA$724.5m | CA$220.8m | -CA$49,799,751.36 | 46.6x | -14.5x | 3.3x |
| Thu, 18 Jan 2024 | CA$596.8m | CA$221.8m | -CA$74,850,719.00 | 33.6x | -8x | 2.7x |
| Sat, 16 Dec 2023 | CA$601.6m | CA$221.4m | -CA$77,728,761.00 | 31.6x | -7.7x | 2.7x |
| Mon, 13 Nov 2023 | CA$660.4m | CA$221.0m | -CA$80,518,829.00 | 43.3x | -8.2x | 3x |
| Wed, 11 Oct 2023 | CA$684.5m | CA$214.0m | -CA$84,151,561.00 | 264.2x | -8.1x | 3.2x |
| Fri, 08 Sep 2023 | CA$671.5m | CA$214.3m | -CA$85,005,362.00 | 250.7x | -7.9x | 3.1x |
| Sun, 06 Aug 2023 | CA$605.8m | CA$190.2m | -CA$79,415,460.00 | n/a | -7.6x | 3.2x |
| Tue, 04 Jul 2023 | CA$558.7m | CA$190.0m | -CA$79,614,193.00 | n/a | -7x | 2.9x |
| Thu, 01 Jun 2023 | CA$631.0m | CA$214.8m | -CA$89,856,280.00 | n/a | -7x | 2.9x |
| Sat, 29 Apr 2023 | CA$731.1m | CA$199.8m | -CA$106,358,995.00 | 96.2x | -6.9x | 3.7x |
| Mon, 27 Mar 2023 | CA$669.0m | CA$200.2m | -CA$108,666,699.00 | 98x | -6.2x | 3.3x |
| Wed, 22 Feb 2023 | CA$676.4m | CA$191.7m | -CA$101,241,130.00 | 124.3x | -6.7x | 3.5x |
| Fri, 20 Jan 2023 | CA$660.6m | CA$191.7m | -CA$110,767,030.00 | 126.9x | -6x | 3.4x |
| Sun, 18 Dec 2022 | CA$683.1m | CA$193.4m | -CA$111,377,938.00 | 115x | -6.1x | 3.5x |
| Tue, 15 Nov 2022 | CA$727.7m | CA$170.3m | -CA$131,236,565.00 | 106.8x | -5.5x | 4.3x |
| Thu, 13 Oct 2022 | CA$613.1m | CA$164.2m | -CA$130,975,511.00 | 320.6x | -4.7x | 3.7x |
| Sat, 10 Sep 2022 | CA$701.7m | CA$163.0m | -CA$130,256,628.00 | 340.3x | -5.4x | 4.3x |
Price to Earnings Ratio
-5.4x
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 6.1x is lower than the industry's current PS ratio of 10.9x.
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 2.6% 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 | 1.03% | |
| Healthcare | -2.64% | |
| Healthtech | -3.61% | |
| Healthtech | -3.61% | |
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 | |
|---|---|---|---|---|---|
| KDA KDA Group | CA$0.27 | 8.0% +CA$4.1m | 10.2% | PS249.4x | |
| NARA Pangenomic Health | CA$2.40 | 9.1% +CA$3.6m | 585.7% | PE-23.7x | |
| DMED Diagnamed Holdings | CA$0.07 | 40.0% +CA$2.2m | 366.7% | PE-6.7x | |
| ADK DIAGNOS | CA$0.26 | 8.3% +CA$2.0m | -34.2% | PS306.1x | |
| KOVO Kovo+ Holdings | CA$0.045 | 12.5% +CA$884.5k | n/a | PS0.5x |