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Canadian (TSX) Healthtech Industry Analysis

UpdatedJul 05, 2026
DataAggregated Company Financials
Companies19
  • 7D2.1%
  • 3M15.0%
  • 1Y-1.6%
  • YTD-12.5%

In the last week, the Healthtech industry is up 2.1%, with Hydreight Technologies leading the way with a 8.3% gain. Despite this gain, the industry's performance has been flat 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Jul 2026CA$2.0bCA$267.1m-CA$42,321,124.0061.1x-47x7.4x
Tue, 02 Jun 2026CA$1.8bCA$247.0m-CA$44,143,715.0099.2x-41.5x7.4x
Thu, 30 Apr 2026CA$2.0bCA$218.2m-CA$21,945,570.00283x-89.2x9x
Sat, 28 Mar 2026CA$1.6bCA$218.1m-CA$22,445,926.00182.1x-70.5x7.3x
Mon, 23 Feb 2026CA$1.7bCA$204.0m-CA$19,908,806.00319x-85.3x8.3x
Wed, 21 Jan 2026CA$1.7bCA$204.2m-CA$18,752,616.00288.1x-88.6x8.1x
Fri, 19 Dec 2025CA$1.8bCA$204.2m-CA$18,956,724.00344.6x-94.5x8.8x
Sun, 16 Nov 2025CA$1.7bCA$194.7m-CA$15,542,822.0084507.7x-108.8x8.7x
Tue, 14 Oct 2025CA$1.9bCA$175.8m-CA$12,143,232.001178.7x-156.4x10.8x
Thu, 11 Sep 2025CA$1.9bCA$175.8m-CA$12,143,232.001085.5x-152.9x10.6x
Sat, 09 Aug 2025CA$1.9bCA$164.6m-CA$17,181,515.00727.5x-108.9x11.4x
Mon, 07 Jul 2025CA$1.6bCA$160.9m-CA$20,069,580.00211.5x-81x10.1x
Wed, 04 Jun 2025CA$1.7bCA$160.9m-CA$35,443,506.00198.8x-46.9x10.3x
Fri, 02 May 2025CA$1.5bCA$138.7m-CA$22,047,890.00127x-66.2x10.5x
Sun, 30 Mar 2025CA$1.4bCA$138.7m-CA$22,047,890.00116.8x-62x9.9x
Tue, 25 Feb 2025CA$1.3bCA$127.6m-CA$13,859,567.00115.2x-96.5x10.5x
Thu, 23 Jan 2025CA$1.4bCA$127.1m-CA$21,980,357.00129.6x-65.7x11.4x
Sat, 21 Dec 2024CA$1.3bCA$127.1m-CA$21,980,357.00120.8x-56.9x9.8x
Mon, 18 Nov 2024CA$1.1bCA$125.4m-CA$22,666,140.00180.1x-49.5x8.9x
Wed, 16 Oct 2024CA$951.8mCA$117.8m-CA$25,474,194.00101.9x-37.4x8.1x
Fri, 13 Sep 2024CA$898.7mCA$117.8m-CA$25,474,194.0094.7x-35.3x7.6x
Sun, 11 Aug 2024CA$901.1mCA$103.3m-CA$21,815,292.0093.6x-41.3x8.7x
Tue, 09 Jul 2024CA$815.1mCA$96.5m-CA$23,002,774.0066x-35.4x8.4x
Thu, 06 Jun 2024CA$841.0mCA$132.8m-CA$24,227,325.3749.9x-34.7x6.3x
Sat, 04 May 2024CA$783.1mCA$125.7m-CA$25,721,406.6245.3x-30.4x6.2x
Mon, 01 Apr 2024CA$745.2mCA$226.3m-CA$50,443,732.5638.1x-14.8x3.3x
Wed, 28 Feb 2024CA$722.7mCA$224.0m-CA$52,095,256.7948x-13.9x3.2x
Fri, 26 Jan 2024CA$644.5mCA$221.7m-CA$74,831,218.0037.7x-8.6x2.9x
Sun, 24 Dec 2023CA$600.7mCA$221.1m-CA$74,337,663.0035.4x-8.1x2.7x
Tue, 21 Nov 2023CA$683.8mCA$220.8m-CA$80,464,777.0047.8x-8.5x3.1x
Thu, 19 Oct 2023CA$663.9mCA$214.6m-CA$82,191,405.00268.7x-8.1x3.1x
Sat, 16 Sep 2023CA$696.5mCA$213.8m-CA$84,100,931.00256.1x-8.3x3.3x
Mon, 14 Aug 2023CA$577.0mCA$196.4m-CA$80,642,863.00238.8x-7.2x2.9x
Wed, 12 Jul 2023CA$551.8mCA$190.0m-CA$79,612,424.00n/a-6.9x2.9x
Price to Earnings Ratio

-6.9x


Total Market Cap: CA$551.8mTotal Earnings: -CA$79,612,424.00Total Revenue: CA$190.0mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Healthtech Industry Price to Earnings3Y Average -56.3x202420252026
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 7.5x.
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 Market0.99%
Healthcare3.42%
Healthtech2.15%
Healthtech2.15%
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
NURS Hydreight TechnologiesCA$4.618.3%
+CA$19.1m		142.6%PE58.1x
AIAI NetraMark HoldingsCA$0.8029.0%
+CA$16.7m		-40.7%PS422x
VHI VitalhubCA$7.403.1%
+CA$13.9m		-31.2%PE64.1x
ADK DIAGNOSCA$0.2714.9%
+CA$4.2m		25.6%PS496.5x
APPT Apptly Health TechnologiesCA$0.278.0%
+CA$1.2m		n/an/a

Latest News

KDA
CA$0.065
KDA Group
7D
-13.3%
1Y
-81.9%
AIDR
CA$0.60
Rocket Doctor AI
7D
-1.6%
1Y
57.9%
KSI
CA$6.47
kneat.com
7D
0.2%
1Y
11.9%
VHI
CA$7.40
Vitalhub
7D
3.1%
1Y
-31.2%
NURS
CA$4.61
Hydreight Technologies
7D
8.3%
1Y
142.6%
Narrative Update • Jun 26

NURS: Future P/E Repricing Will Support A Stronger Bullish Outlook

Analysts have revised their fair value estimate for Hydreight Technologies to CA$8.25 from CA$6.00, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and future P/E expectations. What’s in the News for Hydreight Technologies Hydreight Technologies reported completion of a share repurchase tranche from March 9, 2026 to June 1, 2026, buying back 49,000 shares, or about 0.1% of shares, for roughly CA$0.14 million under the buyback announced on March 9, 2026.
CHLT
CA$8.15
Custom Health Holdings
7D
5.0%
1Y
n/a
AIRX
CA$2.95
Redwood AI
7D
-0.3%
1Y
n/a
HBFG
CA$1.67
Happy Belly Food Group
7D
-1.8%
1Y
53.2%
ADK
CA$0.27
DIAGNOS
7D
14.9%
1Y
25.6%
ALZI
CA$0.45
Alzai Health
7D
-10.0%
1Y
n/a
DMED
CA$0.045
Diagnamed Holdings
7D
-10.0%
1Y
28.6%
SEGN
CA$0.28
Seegnal
7D
-3.4%
1Y
n/a
AIAI
CA$0.80
NetraMark Holdings
7D
29.0%
1Y
-40.7%
EKG
CA$0.015
CardioComm Solutions
7D
50.0%
1Y
0%
APPT
CA$0.27
Apptly Health Technologies
7D
8.0%
1Y
n/a
UDOC
CA$0.08
Unidoc Health
7D
-30.4%
1Y
-57.9%