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Canadian (TSX) Healthtech Industry Analysis
UpdatedMay 22, 2025
DataAggregated Company Financials
Companies12
- 7D-1.7%
- 3M-8.9%
- 1Y42.4%
- YTDn/a
Over the last 7 days, the Healthtech industry has dropped 1.3%, driven by a pullback from Vitalhub of 3.8%. On the other hand Light AI is actually up 19%. In the past year, the industry has gained 45%. Earnings are forecast to grow by 3.4% 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 |
|---|---|---|---|---|---|---|
| Fri, 23 May 2025 | CA$1.4b | CA$133.8m | -CA$31,759,323.00 | 202x | -45.7x | 10.8x |
| Sun, 20 Apr 2025 | CA$1.4b | CA$138.7m | -CA$22,047,890.00 | 107.6x | -63x | 10x |
| Tue, 18 Mar 2025 | CA$1.2b | CA$131.5m | -CA$13,642,110.00 | 97.2x | -90.6x | 9.4x |
| Thu, 13 Feb 2025 | CA$1.4b | CA$127.2m | -CA$13,979,026.00 | 121.8x | -99.8x | 11x |
| Sat, 11 Jan 2025 | CA$1.3b | CA$127.1m | -CA$21,980,357.00 | 119.2x | -60x | 10.4x |
| Mon, 09 Dec 2024 | CA$1.3b | CA$127.1m | -CA$21,980,357.00 | 131.3x | -59.4x | 10.3x |
| Wed, 06 Nov 2024 | CA$1.0b | CA$117.8m | -CA$25,832,010.00 | 109x | -40.6x | 8.9x |
| Fri, 04 Oct 2024 | CA$905.4m | CA$117.8m | -CA$25,474,194.00 | 94x | -35.5x | 7.7x |
| Sun, 01 Sep 2024 | CA$916.9m | CA$117.8m | -CA$25,496,571.00 | 85.9x | -36x | 7.8x |
| Tue, 30 Jul 2024 | CA$873.7m | CA$111.1m | -CA$23,614,965.00 | 64.9x | -37x | 7.9x |
| Thu, 27 Jun 2024 | CA$840.5m | CA$120.3m | -CA$22,081,794.78 | 50.8x | -38.1x | 7x |
| Sat, 25 May 2024 | CA$823.9m | CA$119.7m | -CA$23,202,674.47 | 48.5x | -35.5x | 6.9x |
| Mon, 22 Apr 2024 | CA$728.8m | CA$127.2m | -CA$34,793,806.45 | 43.3x | -20.9x | 5.7x |
| Wed, 20 Mar 2024 | CA$771.0m | CA$224.1m | -CA$51,735,573.25 | 55x | -14.9x | 3.4x |
| Fri, 16 Feb 2024 | CA$689.0m | CA$220.8m | -CA$49,826,800.36 | 45.6x | -13.8x | 3.1x |
| Sun, 14 Jan 2024 | CA$608.9m | CA$221.5m | -CA$74,776,201.00 | 36x | -8.1x | 2.7x |
| Tue, 12 Dec 2023 | CA$682.1m | CA$222.0m | -CA$77,867,876.00 | 35.7x | -8.8x | 3.1x |
| Thu, 09 Nov 2023 | CA$644.2m | CA$214.9m | -CA$82,259,681.00 | 265.1x | -7.8x | 3x |
| Sat, 07 Oct 2023 | CA$691.6m | CA$214.3m | -CA$84,222,080.00 | 266.9x | -8.2x | 3.2x |
| Mon, 04 Sep 2023 | CA$574.7m | CA$218.2m | -CA$82,005,588.00 | 248.6x | -7x | 2.6x |
| Wed, 02 Aug 2023 | CA$591.8m | CA$190.1m | -CA$79,400,902.00 | n/a | -7.5x | 3.1x |
| Fri, 30 Jun 2023 | CA$555.5m | CA$190.0m | -CA$79,614,178.00 | n/a | -7x | 2.9x |
| Sun, 28 May 2023 | CA$646.2m | CA$204.9m | -CA$90,084,516.00 | n/a | -7.2x | 3.2x |
| Tue, 25 Apr 2023 | CA$743.9m | CA$199.6m | -CA$108,266,468.00 | 98.8x | -6.9x | 3.7x |
| Thu, 23 Mar 2023 | CA$662.1m | CA$195.8m | -CA$108,929,673.00 | 123.9x | -6.1x | 3.4x |
| Sat, 18 Feb 2023 | CA$688.3m | CA$191.6m | -CA$101,209,340.00 | 126.6x | -6.8x | 3.6x |
| Mon, 16 Jan 2023 | CA$697.5m | CA$191.4m | -CA$110,711,988.00 | 135.7x | -6.3x | 3.6x |
| Wed, 14 Dec 2022 | CA$687.1m | CA$193.1m | -CA$111,305,617.00 | 113.6x | -6.2x | 3.6x |
| Fri, 11 Nov 2022 | CA$731.1m | CA$165.3m | -CA$131,993,508.00 | 298.3x | -5.5x | 4.4x |
| Sun, 09 Oct 2022 | CA$623.8m | CA$164.1m | -CA$130,955,145.00 | 315.4x | -4.8x | 3.8x |
| Tue, 06 Sep 2022 | CA$725.5m | CA$163.1m | -CA$130,274,142.00 | 341.7x | -5.6x | 4.4x |
| Thu, 04 Aug 2022 | CA$732.3m | CA$146.5m | -CA$125,981,573.00 | n/a | -5.8x | 5x |
| Sat, 02 Jul 2022 | CA$603.3m | CA$146.2m | -CA$139,238,793.00 | 381.9x | -4.3x | 4.1x |
| Mon, 30 May 2022 | CA$718.2m | CA$130.5m | -CA$137,141,053.00 | 686.1x | -5.2x | 5.5x |
Price to Earnings Ratio
-5.2x
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 5.5x is lower than the industry's current PS ratio of 11.0x.
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 | 0.88% | |
| Healthcare | -1.64% | |
| Healthtech | -1.70% | |
| Healthtech | -1.70% | |
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 | |
|---|---|---|---|---|---|
| VHI Vitalhub | CA$10.42 | 2.1% +CA$11.7m | 49.5% | PE204.5x | |
| ADK DIAGNOS | CA$0.24 | 4.3% +CA$1.0m | -19.7% | PS195.9x | |
| UDOC Unidoc Health | CA$0.29 | 1.7% +CA$381.8k | -50.8% | n/a | |
| NARA Pangenomic Health | CA$0.18 | 15.6% +CA$347.5k | -63.0% | PE-0.7x |