Narrative Update • Jun 16
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Canadian (TSX) Healthtech Industry Analysis
UpdatedJun 18, 2026
DataAggregated Company Financials
Companies17
- 7D1.3%
- 3M18.5%
- 1Y-3.8%
- YTD-14.1%
The Healthtech industry is up 1.3% in the last week, with Happy Belly Food Group up 9.9%. During this same period, the Redwood AI underperformed, falling 7.5%. However, the industry is down 3.8% over the past year. Looking forward, earnings are forecast to grow by 91% 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, 19 Jun 2026 | CA$1.9b | CA$267.0m | -CA$43,055,283.00 | 56.5x | -44.7x | 7.2x |
| Sun, 17 May 2026 | CA$1.9b | CA$247.0m | -CA$32,985,792.00 | 92.7x | -58.3x | 7.8x |
| Tue, 14 Apr 2026 | CA$1.7b | CA$218.2m | -CA$21,945,570.00 | 221.3x | -76.3x | 7.7x |
| Thu, 12 Mar 2026 | CA$1.7b | CA$207.3m | -CA$25,726,216.00 | 250.8x | -66x | 8.2x |
| Sat, 07 Feb 2026 | CA$1.6b | CA$204.0m | -CA$19,908,806.00 | 318.3x | -79.7x | 7.8x |
| Mon, 05 Jan 2026 | CA$1.9b | CA$204.3m | -CA$18,073,589.00 | 372.1x | -103.9x | 9.2x |
| Wed, 03 Dec 2025 | CA$1.7b | CA$204.2m | -CA$18,956,724.00 | 331.6x | -91.8x | 8.5x |
| Fri, 31 Oct 2025 | CA$1.9b | CA$175.8m | -CA$11,988,174.00 | 1051.9x | -159.5x | 10.9x |
| Sun, 28 Sep 2025 | CA$1.9b | CA$175.8m | -CA$12,143,232.00 | 1154.7x | -160x | 11.1x |
| Tue, 26 Aug 2025 | CA$2.0b | CA$172.1m | -CA$15,878,066.00 | 628.8x | -127.7x | 11.8x |
| Thu, 24 Jul 2025 | CA$1.8b | CA$160.9m | -CA$19,902,515.00 | 253.9x | -88.5x | 11x |
| Sat, 21 Jun 2025 | CA$1.7b | CA$160.9m | -CA$35,443,506.00 | 219.2x | -47.8x | 10.5x |
| Mon, 19 May 2025 | CA$1.5b | CA$133.8m | -CA$31,759,323.00 | 200.2x | -46.3x | 11x |
| Wed, 16 Apr 2025 | CA$1.4b | CA$138.7m | -CA$22,047,890.00 | 110.3x | -61.3x | 9.7x |
| Fri, 14 Mar 2025 | CA$1.2b | CA$131.5m | -CA$13,642,110.00 | 94x | -87.4x | 9.1x |
| Sun, 09 Feb 2025 | CA$1.4b | CA$127.2m | -CA$13,979,026.00 | 122.7x | -102.6x | 11.3x |
| Tue, 07 Jan 2025 | CA$1.3b | CA$127.1m | -CA$21,980,357.00 | 121.3x | -60.2x | 10.4x |
| Thu, 05 Dec 2024 | CA$1.3b | CA$127.1m | -CA$21,980,357.00 | 136.3x | -57.7x | 10x |
| Sat, 02 Nov 2024 | CA$1.0b | CA$117.8m | -CA$25,832,010.00 | 110.1x | -40.2x | 8.8x |
| Mon, 30 Sep 2024 | CA$905.9m | CA$117.8m | -CA$25,474,194.00 | 91.2x | -35.6x | 7.7x |
| Wed, 28 Aug 2024 | CA$907.3m | CA$103.4m | -CA$20,846,105.00 | 91.2x | -43.5x | 8.8x |
| Fri, 26 Jul 2024 | CA$852.2m | CA$111.1m | -CA$23,614,965.00 | 63.6x | -36.1x | 7.7x |
| Sun, 23 Jun 2024 | CA$828.6m | CA$120.3m | -CA$22,081,909.99 | 49.5x | -37.5x | 6.9x |
| Tue, 21 May 2024 | CA$816.3m | CA$119.6m | -CA$22,780,303.60 | 48.9x | -35.8x | 6.8x |
| Thu, 18 Apr 2024 | CA$781.1m | CA$212.4m | -CA$50,147,477.34 | 46.4x | -15.6x | 3.7x |
| Sat, 16 Mar 2024 | CA$773.4m | CA$224.0m | -CA$51,709,475.77 | 54.9x | -15x | 3.5x |
| Mon, 12 Feb 2024 | CA$666.8m | CA$220.7m | -CA$49,780,303.55 | 44.2x | -13.4x | 3x |
| Wed, 10 Jan 2024 | CA$586.7m | CA$221.4m | -CA$74,824,246.00 | 35x | -7.8x | 2.7x |
| Fri, 08 Dec 2023 | CA$693.1m | CA$222.0m | -CA$77,868,543.00 | 35.4x | -8.9x | 3.1x |
| Sun, 05 Nov 2023 | CA$632.9m | CA$214.6m | -CA$82,177,074.00 | 260.6x | -7.7x | 2.9x |
| Tue, 03 Oct 2023 | CA$680.8m | CA$214.1m | -CA$84,207,571.00 | 267.8x | -8.1x | 3.2x |
| Thu, 31 Aug 2023 | CA$572.8m | CA$213.6m | -CA$78,951,422.00 | 248.6x | -7.3x | 2.7x |
| Sat, 29 Jul 2023 | CA$588.0m | CA$190.0m | -CA$79,392,844.00 | n/a | -7.4x | 3.1x |
| Mon, 26 Jun 2023 | CA$542.1m | CA$190.0m | -CA$80,076,797.00 | n/a | -6.8x | 2.9x |
Price to Earnings Ratio
-6.8x
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 7.4x.
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 12% 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 Market | 2.79% | |
| Healthcare | -2.41% | |
| Healthtech | 1.29% | |
| Healthtech | 1.29% | |
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 | |
|---|---|---|---|---|---|
| HBFG Happy Belly Food Group | CA$1.66 | 9.9% +CA$22.7m | 41.9% | PS10.1x | |
| ADK DIAGNOS | CA$0.23 | 18.4% +CA$4.2m | 7.1% | PS413.8x | |
| NURS Hydreight Technologies | CA$3.95 | 1.5% +CA$3.2m | 145.3% | PE49.8x | |
| ALZI Alzai Health | CA$0.48 | 6.7% +CA$1.9m | n/a | PB134.7x | |
| KSI kneat.com | CA$6.44 | 0.2% +CA$962.2k | 6.4% | PS9.3x |