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Canadian (TSX) Tech Sector Analysis

UpdatedApr 17, 2025
DataAggregated Company Financials
Companies113
  • 7D0.7%
  • 3M-3.4%
  • 1Y17.4%
  • YTD-2.7%

Last week, the Tech industry hasn't moved much but Topicus.com is up 10% in that time. As for the the longer term, the industry is up 17% over the past 12 months. Earnings are forecast to grow by 27% annually.

Sector Valuation and Performance

Has the Canadian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 17 Apr 2025CA$202.5bCA$57.3bCA$2.5b25x80.8x3.5x
Sat, 15 Mar 2025CA$202.6bCA$58.7bCA$2.2b23.1x93.6x3.5x
Mon, 10 Feb 2025CA$228.9bCA$57.7b-CA$288,023,684.4121.8x-794.6x4x
Wed, 08 Jan 2025CA$207.0bCA$57.1b-CA$441,310,954.0224.4x-469x3.6x
Fri, 06 Dec 2024CA$215.2bCA$56.3b-CA$365,778,029.0424.9x-588.3x3.8x
Sun, 03 Nov 2024CA$194.0bCA$55.3b-CA$302,779,037.3023.1x-640.6x3.5x
Tue, 01 Oct 2024CA$192.4bCA$53.5b-CA$542,949,708.7822.8x-354.4x3.6x
Thu, 29 Aug 2024CA$189.1bCA$53.5b-CA$602,622,290.8723.5x-313.9x3.5x
Sat, 27 Jul 2024CA$191.7bCA$53.4b-CA$1,373,278,813.6131.8x-139.6x3.6x
Mon, 24 Jun 2024CA$174.9bCA$52.6b-CA$1,383,323,604.1624.8x-126.5x3.3x
Wed, 22 May 2024CA$175.5bCA$52.5b-CA$1,464,428,476.2627.8x-119.8x3.3x
Fri, 19 Apr 2024CA$174.9bCA$52.8b-CA$2,417,975,119.7823.2x-72.3x3.3x
Sun, 17 Mar 2024CA$172.6bCA$52.2b-CA$2,936,103,273.8021.3x-58.8x3.3x
Tue, 13 Feb 2024CA$166.8bCA$51.2b-CA$992,791,736.4618.8x-168.1x3.3x
Thu, 11 Jan 2024CA$160.4bCA$52.0b-CA$2,236,921,216.0021.7x-71.7x3.1x
Sat, 09 Dec 2023CA$157.8bCA$52.6b-CA$2,509,754,573.0022.1x-62.9x3x
Mon, 06 Nov 2023CA$144.0bCA$51.8b-CA$2,713,954,616.0022.7x-53.1x2.8x
Wed, 04 Oct 2023CA$141.2bCA$51.3b-CA$2,576,783,152.0023.1x-54.8x2.8x
Fri, 01 Sep 2023CA$147.0bCA$51.0b-CA$2,649,341,094.0024.2x-55.5x2.9x
Sun, 30 Jul 2023CA$142.4bCA$49.4b-CA$2,450,826,401.0019.8x-58.1x2.9x
Tue, 27 Jun 2023CA$138.7bCA$48.4b-CA$2,597,202,377.0020.5x-53.4x2.9x
Thu, 25 May 2023CA$138.1bCA$49.1b-CA$2,779,446,200.0023.1x-49.7x2.8x
Sat, 22 Apr 2023CA$137.7bCA$47.4b-CA$1,929,966,481.0023.3x-71.3x2.9x
Mon, 20 Mar 2023CA$126.3bCA$46.8b-CA$1,181,158,737.0022.5x-106.9x2.7x
Wed, 15 Feb 2023CA$135.9bCA$47.5b-CA$890,133,888.0024.5x-152.7x2.9x
Fri, 13 Jan 2023CA$127.0bCA$46.3bCA$629.0m23.4x201.9x2.7x
Sun, 11 Dec 2022CA$121.1bCA$46.8bCA$733.3m21.6x165.1x2.6x
Tue, 08 Nov 2022CA$111.8bCA$45.7bCA$914.0m27.3x122.3x2.4x
Thu, 06 Oct 2022CA$118.4bCA$44.6bCA$920.0m32.2x128.7x2.7x
Sat, 03 Sep 2022CA$116.8bCA$43.6bCA$935.8m44.9x124.9x2.7x
Mon, 01 Aug 2022CA$126.2bCA$41.7bCA$1.7b51.4x76.2x3x
Wed, 29 Jun 2022CA$118.2bCA$41.2bCA$1.8b46x65x2.9x
Fri, 27 May 2022CA$121.8bCA$41.5bCA$1.6b32.4x76.2x2.9x
Sun, 24 Apr 2022CA$132.5bCA$39.3b-CA$1,487,876,154.0035.4x-89.1x3.4x
Price to Earnings Ratio

-89.1x


Total Market Cap: CA$132.5bTotal Earnings: -CA$1,487,876,154.00Total Revenue: CA$39.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Tech Sector Price to Earnings3Y Average -113.9x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 80.8x which is higher than its 3-year average PE of -114x.
  • The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 13% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Tech sector?

CA Market2.09%
Tech0.74%
Software1.22%
Communications0.75%
IT0.64%
Tech Hardware0%0
Electronic Equipment and Components-3.35%
Semiconductors-4.03%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 0.64x.
    • Analysts are expecting annual earnings growth of 30.0%, which is higher than its past year's earnings growth of 25.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 84% over the next 5 years.
  • In contrast, the IT industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CSU Constellation SoftwareCA$4.68k7.3%
+CA$6.7b		26.5%PE98.1x
GIB.A CGICA$145.766.3%
+CA$1.9b		1.9%PE18.8x
TOI Topicus.comCA$154.5910.3%
+CA$1.2b		28.5%PE88.7x
CLS CelesticaCA$116.368.6%
+CA$1.1b		92.8%PE22.8x
LMN Lumine GroupCA$42.3010.2%
+CA$1.0b		10.5%PS11.7x
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