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Canadian (TSX) Healthtech Industry Analysis
UpdatedMar 16, 2026
DataAggregated Company Financials
Companies16
- 7D-2.0%
- 3M-18.2%
- 1Y-12.7%
- YTDn/a
Over the last 7 days, the Healthtech industry has dropped 2.0%, driven by a pullback from Vitalhub of 8.0%. In contrast, NetraMark Holdings has gained 12%. The industry has fallen 13% in the last year. Looking forward, earnings are forecast to grow by 97% 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 |
|---|---|---|---|---|---|---|
| Tue, 17 Mar 2026 | CA$1.6b | CA$207.3m | -CA$25,726,216.00 | 244.4x | -64.1x | 8x |
| Thu, 12 Feb 2026 | CA$1.8b | CA$204.0m | -CA$19,908,806.00 | 301.1x | -88.3x | 8.6x |
| Sat, 10 Jan 2026 | CA$1.8b | CA$204.3m | -CA$18,073,589.00 | 353.6x | -101.2x | 9x |
| Mon, 08 Dec 2025 | CA$1.8b | CA$204.2m | -CA$18,956,724.00 | 343.9x | -93.7x | 8.7x |
| Wed, 05 Nov 2025 | CA$1.9b | CA$175.8m | -CA$11,755,821.00 | 1017.9x | -163.7x | 10.9x |
| Fri, 03 Oct 2025 | CA$1.9b | CA$175.8m | -CA$12,143,232.00 | 1174.7x | -154.3x | 10.7x |
| Sun, 31 Aug 2025 | CA$1.9b | CA$176.3m | -CA$12,455,797.00 | 1079.6x | -153.6x | 10.9x |
| Tue, 29 Jul 2025 | CA$1.8b | CA$160.9m | -CA$19,902,515.00 | 267.9x | -90.2x | 11.2x |
| Thu, 26 Jun 2025 | CA$1.7b | CA$160.9m | -CA$35,443,506.00 | 212.7x | -48.2x | 10.6x |
| Sat, 24 May 2025 | CA$1.6b | CA$144.6m | -CA$34,137,672.00 | 199.4x | -46.6x | 11x |
| Mon, 21 Apr 2025 | CA$1.4b | CA$138.7m | -CA$22,047,890.00 | 107.6x | -63x | 10x |
| Wed, 19 Mar 2025 | CA$1.2b | CA$131.5m | -CA$13,642,110.00 | 92.7x | -90.1x | 9.3x |
| Fri, 14 Feb 2025 | CA$1.4b | CA$127.2m | -CA$13,979,026.00 | 121.7x | -99.7x | 11x |
| Sun, 12 Jan 2025 | CA$1.4b | CA$127.1m | -CA$21,980,357.00 | 119.2x | -61.5x | 10.6x |
| Tue, 10 Dec 2024 | CA$1.3b | CA$127.1m | -CA$21,980,357.00 | 130x | -59.4x | 10.3x |
| Thu, 07 Nov 2024 | CA$1.1b | CA$117.8m | -CA$25,832,010.00 | 110.7x | -40.8x | 9x |
| Sat, 05 Oct 2024 | CA$913.5m | CA$117.8m | -CA$25,474,194.00 | 96.1x | -35.9x | 7.8x |
| Mon, 02 Sep 2024 | CA$916.9m | CA$117.8m | -CA$25,496,571.00 | 85.9x | -36x | 7.8x |
| Wed, 31 Jul 2024 | CA$835.2m | CA$96.5m | -CA$23,157,357.00 | 67.6x | -36.1x | 8.7x |
| Fri, 28 Jun 2024 | CA$855.7m | CA$120.3m | -CA$22,082,197.99 | 50.4x | -38.7x | 7.1x |
| Sun, 26 May 2024 | CA$822.8m | CA$119.7m | -CA$23,202,808.87 | 48.5x | -35.5x | 6.9x |
| Tue, 23 Apr 2024 | CA$728.8m | CA$127.2m | -CA$34,793,806.45 | 43.3x | -20.9x | 5.7x |
| Thu, 21 Mar 2024 | CA$771.1m | CA$224.1m | -CA$51,742,536.47 | 54.7x | -14.9x | 3.4x |
| Sat, 17 Feb 2024 | CA$694.1m | CA$220.8m | -CA$49,798,304.05 | 46.6x | -13.9x | 3.1x |
| Mon, 15 Jan 2024 | CA$608.9m | CA$221.5m | -CA$74,776,201.00 | 36x | -8.1x | 2.7x |
| Wed, 13 Dec 2023 | CA$663.3m | CA$222.0m | -CA$77,850,513.00 | 35.7x | -8.5x | 3x |
| Fri, 10 Nov 2023 | CA$649.3m | CA$214.9m | -CA$82,264,885.00 | 266x | -7.9x | 3x |
| Sun, 08 Oct 2023 | CA$691.6m | CA$214.2m | -CA$84,215,111.00 | 266.9x | -8.2x | 3.2x |
| Tue, 05 Sep 2023 | CA$571.6m | CA$213.6m | -CA$78,962,945.00 | 248.6x | -7.2x | 2.7x |
| Thu, 03 Aug 2023 | CA$590.7m | CA$190.1m | -CA$79,409,443.00 | n/a | -7.4x | 3.1x |
| Sat, 01 Jul 2023 | CA$558.7m | CA$190.0m | -CA$79,614,193.00 | n/a | -7x | 2.9x |
| Mon, 29 May 2023 | CA$646.2m | CA$204.9m | -CA$90,084,516.00 | n/a | -7.2x | 3.2x |
| Wed, 26 Apr 2023 | CA$718.8m | CA$199.6m | -CA$108,266,278.00 | 97x | -6.6x | 3.6x |
| Fri, 24 Mar 2023 | CA$666.3m | CA$195.8m | -CA$108,930,202.00 | 122.5x | -6.1x | 3.4x |
Price to Earnings Ratio
-6.1x
Current Industry PE
- Investors are optimistic on the Canadian Health Care Technology industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 7.0x is lower than the industry's current PS ratio of 8.0x.
Past Earnings Growth
- The earnings for companies in the Health Care Technology 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 Comparison
How does Canadian Healthtech compare with similar industries?
| CA Market | -1.85% | |
| Healthcare | -1.74% | |
| Healthtech | -1.95% | |
| Healthtech | -1.95% | |
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 | |
|---|---|---|---|---|---|
| AIAI NetraMark Holdings | CA$1.05 | 14.1% +CA$12.0m | -34.0% | PS585.9x | |
| NURS Hydreight Technologies | CA$2.90 | 8.2% +CA$11.7m | 137.7% | PE341.6x | |
| HBFG Happy Belly Food Group | CA$1.67 | 3.1% +CA$10.2m | 53.2% | PS13x | |
| AIDR Rocket Doctor AI | CA$0.66 | 11.9% +CA$6.8m | 38.9% | n/a | |
| DMED Diagnamed Holdings | CA$0.17 | 43.5% +CA$5.7m | 560.0% | PE-13.9x |
