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Canadian (TSX) Healthtech Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies17
  • 7D5.7%
  • 3M-26.5%
  • 1Y-15.6%
  • YTD-24.6%

Over the last 7 days, the Healthtech industry has risen 5.7%, driven by gains from Hydreight Technologies of 30%. Meanwhile, NetraMark Holdings actually underperformed within the industry, shrinking 9.9% in the last week. In contrast, the industry has lost 16% in the last 12 months. Looking forward, earnings are forecast to grow by 80% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026CA$1.6bCA$218.2m-CA$21,945,570.00231.9x-73.8x7.4x
Thu, 05 Mar 2026CA$1.7bCA$207.3m-CA$25,726,216.00255.3x-64.9x8x
Sat, 31 Jan 2026CA$1.7bCA$204.2m-CA$19,327,153.00310.1x-86.1x8.1x
Mon, 29 Dec 2025CA$1.8bCA$204.2m-CA$18,956,724.00321.9x-94.6x8.8x
Wed, 26 Nov 2025CA$1.7bCA$194.7m-CA$15,542,822.0090089.3x-108.4x8.7x
Fri, 24 Oct 2025CA$1.9bCA$175.8m-CA$12,143,232.001085.9x-152.9x10.6x
Sun, 21 Sep 2025CA$2.0bCA$175.8m-CA$12,143,232.001112.6x-163.4x11.3x
Tue, 19 Aug 2025CA$1.9bCA$172.2m-CA$15,422,087.00630x-123.9x11.1x
Thu, 17 Jul 2025CA$1.7bCA$160.9m-CA$20,069,580.00240.8x-85.8x10.7x
Sat, 14 Jun 2025CA$1.8bCA$160.9m-CA$35,443,506.00216.2x-49.5x10.9x
Mon, 12 May 2025CA$1.4bCA$133.8m-CA$29,293,142.00204.8x-48.4x10.6x
Wed, 09 Apr 2025CA$1.3bCA$138.7m-CA$22,047,890.00101x-58.1x9.2x
Fri, 07 Mar 2025CA$1.3bCA$131.5m-CA$13,841,918.0098.9x-93.9x9.9x
Sun, 02 Feb 2025CA$1.4bCA$127.2m-CA$13,979,026.00124.7x-101.7x11.2x
Tue, 31 Dec 2024CA$1.3bCA$127.1m-CA$21,980,357.00117.6x-60.5x10.5x
Thu, 28 Nov 2024CA$1.2bCA$126.9m-CA$22,289,105.00180.9x-52.8x9.3x
Sat, 26 Oct 2024CA$999.0mCA$117.8m-CA$25,832,010.00100.4x-38.7x8.5x
Mon, 23 Sep 2024CA$950.3mCA$117.8m-CA$25,474,194.0093.9x-37.3x8.1x
Wed, 21 Aug 2024CA$910.8mCA$103.4m-CA$20,819,083.0092.3x-43.7x8.8x
Fri, 19 Jul 2024CA$849.4mCA$111.1m-CA$23,460,382.0061.5x-36.2x7.6x
Sun, 16 Jun 2024CA$861.7mCA$120.3m-CA$22,078,482.6952.1x-39x7.2x
Tue, 14 May 2024CA$790.8mCA$131.1m-CA$25,428,265.4438.4x-31.1x6x
Thu, 11 Apr 2024CA$758.3mCA$226.7m-CA$50,540,634.4539.4x-15x3.3x
Sat, 09 Mar 2024CA$725.3mCA$223.8m-CA$51,669,490.8847x-14x3.2x
Mon, 05 Feb 2024CA$654.5mCA$221.6m-CA$76,345,645.0039x-8.6x3x
Wed, 03 Jan 2024CA$596.0mCA$221.1m-CA$74,773,760.0034.7x-8x2.7x
Fri, 01 Dec 2023CA$727.7mCA$221.8m-CA$76,474,023.0038.8x-9.5x3.3x
Sun, 29 Oct 2023CA$648.8mCA$215.1m-CA$82,308,450.00256.1x-7.9x3x
Tue, 26 Sep 2023CA$703.4mCA$213.7m-CA$84,074,745.00266.9x-8.4x3.3x
Thu, 24 Aug 2023CA$574.9mCA$196.6m-CA$81,703,486.00249.5x-7x2.9x
Sat, 22 Jul 2023CA$585.8mCA$190.0m-CA$79,609,612.00n/a-7.4x3.1x
Mon, 19 Jun 2023CA$556.5mCA$190.0m-CA$80,961,560.00n/a-6.9x2.9x
Wed, 17 May 2023CA$650.3mCA$204.5m-CA$91,191,891.00n/a-7.1x3.2x
Fri, 14 Apr 2023CA$650.6mCA$199.1m-CA$108,202,526.0092.3x-6x3.3x
Price to Earnings Ratio

-6x


Total Market Cap: CA$650.6mTotal Earnings: -CA$108,202,526.00Total Revenue: CA$199.1mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Healthtech Industry Price to Earnings3Y Average -51.6x202420252026
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 7.1x.
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 3.1% 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 Market3.67%
Healthcare11.41%
Healthtech5.74%
Healthtech5.74%
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
NURS Hydreight TechnologiesCA$3.3230.2%
+CA$41.1m		181.4%PE391.3x
AIRX Redwood AICA$5.9015.5%
+CA$26.5m		n/an/a
KSI kneat.comCA$3.575.6%
+CA$18.2m		-38.1%PS5.4x
HBFG Happy Belly Food GroupCA$1.562.6%
+CA$6.3m		44.4%PS12.2x
DMED Diagnamed HoldingsCA$0.1455.6%
+CA$6.0m		460.0%PE-12.4x

Latest News

KSI
CA$3.57
kneat.com
7D
5.6%
1Y
-38.1%

KSI: Global Pharma Agreements And Data Integrity Adoption Will Support Future Margin Expansion

Analysts have trimmed their average price target on kneat.com to CA$5.50 from CA$6.50, citing refreshed assumptions around discount rates, long term growth expectations and valuation multiples, while generally maintaining positive ratings on the shares. Analyst Commentary Recent research on kneat.com points to a reset in expectations, with price targets grouped around CA$5.50 and ratings that remain generally constructive on the company’s execution and growth potential.
KDA
CA$0.11
KDA Group
7D
-4.3%
1Y
-54.2%
VHI
CA$7.01
Vitalhub
7D
0.9%
1Y
-25.0%

VHI: Rebased Revenue And Margin Assumptions Will Underpin Future Upside Potential

Narrative Update The updated analyst price target for Vitalhub has shifted to reflect a fair value of CA$12.63, with analysts pointing to revised revenue growth, profit margin and P/E assumptions as key drivers behind recent CA$1 to CA$3 target cuts across several firms. Analyst Commentary Recent research updates show analysts clustering around a lower fair value range for Vitalhub, with price targets reduced by CA$1 to CA$3 as they refresh revenue growth, margin and P/E assumptions.
ADK
CA$0.27
DIAGNOS
7D
-1.8%
1Y
0%
CHS
CA$0.79
Comprehensive Healthcare Systems
7D
29.5%
1Y
58.0%
AIAI
CA$0.82
NetraMark Holdings
7D
-9.9%
1Y
-40.6%
AIRX
CA$5.90
Redwood AI
7D
15.5%
1Y
n/a
NURS
CA$3.32
Hydreight Technologies
7D
30.2%
1Y
181.4%
HBFG
CA$1.56
Happy Belly Food Group
7D
2.6%
1Y
44.4%
DMED
CA$0.14
Diagnamed Holdings
7D
55.6%
1Y
460.0%
AIDR
CA$0.57
Rocket Doctor AI
7D
3.6%
1Y
44.3%
AVCR
CA$0.065
Avricore Health
7D
-7.1%
1Y
44.4%
UDOC
CA$0.095
Unidoc Health
7D
-17.4%
1Y
-72.9%