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Canadian (TSX) Healthtech Industry Analysis
UpdatedApr 05, 2026
DataAggregated Company Financials
Companies17
- 7D5.0%
- 3M-29.3%
- 1Y-17.5%
- YTDn/a
Redwood AI is up 19%, leading the way for the Healthtech industry, which has gained 5.0%. However, the industry is down 18% over the past year. As for the next few years, earnings are expected to grow by 80% 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 |
|---|---|---|---|---|---|---|
| Sun, 05 Apr 2026 | CA$1.6b | CA$218.2m | -CA$21,945,570.00 | 197.5x | -73.8x | 7.4x |
| Tue, 03 Mar 2026 | CA$1.7b | CA$207.3m | -CA$25,726,216.00 | 266.9x | -67.9x | 8.4x |
| Thu, 29 Jan 2026 | CA$1.7b | CA$204.2m | -CA$19,327,153.00 | 317.6x | -89.1x | 8.4x |
| Sat, 27 Dec 2025 | CA$1.8b | CA$204.2m | -CA$18,956,724.00 | 321.9x | -94.6x | 8.8x |
| Mon, 24 Nov 2025 | CA$1.6b | CA$194.7m | -CA$15,542,822.00 | 79840.3x | -105.9x | 8.5x |
| Wed, 22 Oct 2025 | CA$1.9b | CA$175.8m | -CA$12,143,232.00 | 1089.9x | -153.1x | 10.6x |
| Fri, 19 Sep 2025 | CA$1.9b | CA$175.8m | -CA$12,143,232.00 | 1100.6x | -157.9x | 10.9x |
| Sun, 17 Aug 2025 | CA$1.8b | CA$172.2m | -CA$15,422,087.00 | 628.3x | -119.5x | 10.7x |
| Tue, 15 Jul 2025 | CA$1.8b | CA$160.9m | -CA$20,069,580.00 | 245.9x | -87.4x | 10.9x |
| Thu, 12 Jun 2025 | CA$1.7b | CA$160.9m | -CA$35,443,506.00 | 216.2x | -48.7x | 10.7x |
| Sat, 10 May 2025 | CA$1.4b | CA$133.8m | -CA$16,192,209.00 | 204.8x | -87.6x | 10.6x |
| Mon, 07 Apr 2025 | CA$1.3b | CA$138.7m | -CA$22,047,890.00 | 106.3x | -59.4x | 9.4x |
| Wed, 05 Mar 2025 | CA$1.3b | CA$131.5m | -CA$13,841,918.00 | 101.9x | -93.9x | 9.9x |
| Fri, 31 Jan 2025 | CA$1.4b | CA$127.2m | -CA$13,979,026.00 | 130.5x | -102.1x | 11.2x |
| Sun, 29 Dec 2024 | CA$1.3b | CA$127.1m | -CA$21,980,357.00 | 119.6x | -60.5x | 10.5x |
| Tue, 26 Nov 2024 | CA$1.2b | CA$125.4m | -CA$22,666,140.00 | 180.6x | -51.5x | 9.3x |
| Thu, 24 Oct 2024 | CA$999.5m | CA$117.8m | -CA$25,474,194.00 | 97.5x | -39.2x | 8.5x |
| Sat, 21 Sep 2024 | CA$943.9m | CA$117.8m | -CA$25,474,194.00 | 93.9x | -37.1x | 8x |
| Mon, 19 Aug 2024 | CA$918.7m | CA$103.4m | -CA$20,819,083.00 | 90.6x | -44.1x | 8.9x |
| Wed, 17 Jul 2024 | CA$853.8m | CA$111.1m | -CA$23,460,382.00 | 63x | -36.4x | 7.7x |
| Fri, 14 Jun 2024 | CA$853.0m | CA$132.9m | -CA$24,223,158.85 | 50.2x | -35.2x | 6.4x |
| Sun, 12 May 2024 | CA$802.4m | CA$128.4m | -CA$26,585,072.25 | 45.4x | -30.2x | 6.2x |
| Tue, 09 Apr 2024 | CA$749.6m | CA$226.4m | -CA$50,468,602.25 | 39.6x | -14.9x | 3.3x |
| Thu, 07 Mar 2024 | CA$733.0m | CA$223.9m | -CA$51,697,154.04 | 47.6x | -14.2x | 3.3x |
| Sat, 03 Feb 2024 | CA$654.5m | CA$221.6m | -CA$76,346,822.00 | 39x | -8.6x | 3x |
| Mon, 01 Jan 2024 | CA$592.3m | CA$221.1m | -CA$74,735,158.00 | 35.1x | -7.9x | 2.7x |
| Wed, 29 Nov 2023 | CA$715.0m | CA$221.4m | -CA$75,614,270.00 | 36.9x | -9.5x | 3.2x |
| Fri, 27 Oct 2023 | CA$655.9m | CA$215.0m | -CA$82,279,273.00 | 258.8x | -8x | 3.1x |
| Sun, 24 Sep 2023 | CA$699.0m | CA$213.7m | -CA$84,074,745.00 | 265.1x | -8.3x | 3.3x |
| Tue, 22 Aug 2023 | CA$571.2m | CA$196.6m | -CA$81,701,672.00 | 248.6x | -7x | 2.9x |
| Thu, 20 Jul 2023 | CA$572.2m | CA$189.9m | -CA$79,602,008.00 | n/a | -7.2x | 3x |
| Sat, 17 Jun 2023 | CA$556.5m | CA$190.0m | -CA$80,961,560.00 | n/a | -6.9x | 2.9x |
| Mon, 15 May 2023 | CA$645.0m | CA$204.7m | -CA$91,206,643.00 | n/a | -7.1x | 3.2x |
| Wed, 12 Apr 2023 | CA$675.3m | CA$199.5m | -CA$108,250,049.00 | 95.9x | -6.2x | 3.4x |
Price to Earnings Ratio
-6.2x
Current Industry PE
- Investors are relatively neutral on the Canadian Health Care Technology 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 Health Care Technology industry have improved over the last three years.
- Revenues for these companies have grown 3.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Comparison
How does Canadian Healthtech compare with similar industries?
| CA Market | 3.31% | |
| Healthcare | 8.69% | |
| Healthtech | 4.96% | |
| Healthtech | 4.96% | |
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 | |
|---|---|---|---|---|---|
| AIRX Redwood AI | CA$5.74 | 19.1% +CA$30.8m | n/a | n/a | |
| KSI kneat.com | CA$3.62 | 9.7% +CA$30.7m | -37.3% | PS5.5x | |
| NURS Hydreight Technologies | CA$2.74 | 10.5% +CA$13.9m | 146.8% | PE323x | |
| CHS Comprehensive Healthcare Systems | CA$0.79 | 38.6% +CA$5.5m | 97.5% | PS3.4x | |
| NARA Pangenomic Health | CA$0.47 | 58.3% +CA$4.5m | 126.2% | PE-3.6x |