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Canadian (TSX) Healthtech Industry Analysis

UpdatedJul 19, 2025
DataAggregated Company Financials
Companies14
  • 7D-2.0%
  • 3M7.8%
  • 1Y54.0%
  • YTD3.0%

Over the last 7 days, the Healthtech industry has dropped 2.7%, driven by a pullback from kneat.com of 5.6%. Meanwhile, NetraMark Holdings actually outperformed within the industry, gaining 19% in the last week. Over the past 12 months, the industry was up 57%. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 19 Jul 2025CA$1.8bCA$160.9m-CA$19,902,515.00245.1x-88.2x10.9x
Mon, 16 Jun 2025CA$1.7bCA$160.9m-CA$35,443,506.00216.2x-49.3x10.9x
Wed, 14 May 2025CA$1.4bCA$133.8m-CA$29,293,142.00197.7x-48.4x10.6x
Fri, 11 Apr 2025CA$1.3bCA$138.7m-CA$22,047,890.00111.4x-60.8x9.7x
Sun, 09 Mar 2025CA$1.3bCA$131.5m-CA$13,841,918.0095.6x-91x9.6x
Tue, 04 Feb 2025CA$1.4bCA$127.2m-CA$13,979,026.00123.2x-101.7x11.2x
Thu, 02 Jan 2025CA$1.3bCA$127.1m-CA$21,980,357.00120.6x-60.1x10.4x
Sat, 30 Nov 2024CA$1.2bCA$127.1m-CA$21,980,357.00128.3x-56.1x9.7x
Mon, 28 Oct 2024CA$1.0bCA$117.8m-CA$25,832,010.00100.4x-38.7x8.5x
Wed, 25 Sep 2024CA$934.2mCA$117.8m-CA$25,474,194.0090.1x-36.7x7.9x
Fri, 23 Aug 2024CA$889.7mCA$103.4m-CA$20,819,083.0091.5x-42.7x8.6x
Sun, 21 Jul 2024CA$840.1mCA$111.1m-CA$23,460,382.0061.8x-35.8x7.6x
Tue, 18 Jun 2024CA$861.7mCA$120.3m-CA$22,079,461.9251.9x-39x7.2x
Thu, 16 May 2024CA$782.5mCA$131.1m-CA$24,717,558.6040.7x-31.7x6x
Sat, 13 Apr 2024CA$757.6mCA$226.9m-CA$50,594,148.3437.8x-15x3.3x
Mon, 11 Mar 2024CA$725.4mCA$223.9m-CA$51,686,225.3846.9x-14x3.2x
Wed, 07 Feb 2024CA$655.4mCA$220.8m-CA$49,807,844.2043.2x-13.2x3x
Fri, 05 Jan 2024CA$588.4mCA$221.3m-CA$74,800,026.0034.1x-7.9x2.7x
Sun, 03 Dec 2023CA$724.5mCA$221.8m-CA$77,806,411.0037.8x-9.3x3.3x
Tue, 31 Oct 2023CA$636.3mCA$215.0m-CA$82,277,350.00259.7x-7.7x3x
Thu, 28 Sep 2023CA$687.6mCA$213.8m-CA$84,099,507.00264.7x-8.2x3.2x
Sat, 26 Aug 2023CA$576.6mCA$196.7m-CA$81,710,229.00251.3x-7.1x2.9x
Mon, 24 Jul 2023CA$584.9mCA$190.0m-CA$79,609,612.00n/a-7.3x3.1x
Wed, 21 Jun 2023CA$548.1mCA$190.0m-CA$80,082,753.00n/a-6.8x2.9x
Fri, 19 May 2023CA$653.8mCA$204.5m-CA$91,192,736.00n/a-7.2x3.2x
Sun, 16 Apr 2023CA$662.8mCA$199.2m-CA$108,211,343.0093.7x-6.1x3.3x
Tue, 14 Mar 2023CA$672.4mCA$196.1m-CA$106,858,012.00115.1x-6.3x3.4x
Thu, 09 Feb 2023CA$679.7mCA$191.4m-CA$107,795,380.00128.9x-6.3x3.6x
Sat, 07 Jan 2023CA$684.3mCA$191.6m-CA$110,740,069.00122.8x-6.2x3.6x
Mon, 05 Dec 2022CA$697.4mCA$192.8m-CA$111,258,197.00105.4x-6.3x3.6x
Wed, 02 Nov 2022CA$662.8mCA$163.9m-CA$136,758,939.00304.9x-4.8x4x
Fri, 30 Sep 2022CA$666.4mCA$164.1m-CA$131,280,952.00306.2x-5.1x4.1x
Sun, 28 Aug 2022CA$752.4mCA$153.5m-CA$127,578,403.00347.1x-5.9x4.9x
Tue, 26 Jul 2022CA$714.9mCA$146.2m-CA$124,374,112.00959.6x-5.7x4.9x
Price to Earnings Ratio

-5.7x


Total Market Cap: CA$714.9mTotal Earnings: -CA$124,374,112.00Total Revenue: CA$146.2mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Healthtech Industry Price to Earnings3Y Average -26.7x202320242025
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 5.8x 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 3.2% 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 Market0.69%
Healthcare-4.03%
Healthtech-2.01%
Healthtech-2.01%
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
AIAI NetraMark HoldingsCA$1.4516.9%
+CA$17.2m
480.0%PS191.9x
KOVO Kovo+ HoldingsCA$0.0775.0%
+CA$5.3m
n/aPS0.9x
NARA Pangenomic HealthCA$1.4531.8%
+CA$4.9m
n/aPE-5.1x
UDOC Unidoc HealthCA$0.2327.8%
+CA$3.8m
-64.1%n/a
ADK DIAGNOSCA$0.2212.8%
+CA$2.5m
-30.2%PS215.9x

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