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Canadian (TSX) Tech Sector Analysis

UpdatedNov 28, 2023
DataAggregated Company Financials
Companies161
  • 7D-0.3%
  • 3M5.5%
  • 1Y32.3%
  • YTD28.8%

Over the last 7 days, the Tech industry has remained flat. As for the the longer term, the industry is up 32% over the past 12 months. Looking forward, earnings are forecast to grow by 28% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Nov 2023CA$153.1bCA$52.5b-CA$2,459,867,865.0022.7x-62.2x2.9x
Thu, 26 Oct 2023CA$138.9bCA$51.6b-CA$2,600,992,553.0022.8x-53.4x2.7x
Sat, 23 Sep 2023CA$140.2bCA$51.0b-CA$2,637,781,762.0024.1x-53.1x2.7x
Mon, 21 Aug 2023CA$140.7bCA$51.2b-CA$2,665,768,810.0022.5x-52.8x2.8x
Wed, 19 Jul 2023CA$147.4bCA$48.7b-CA$2,335,084,559.0021.5x-63.1x3x
Fri, 16 Jun 2023CA$143.3bCA$48.6b-CA$2,613,340,274.0021.5x-54.8x3x
Sun, 14 May 2023CA$137.3bCA$48.3b-CA$1,896,480,535.0021.7x-72.4x2.8x
Tue, 11 Apr 2023CA$136.4bCA$47.0b-CA$1,969,603,240.0028.7x-69.2x2.9x
Thu, 09 Mar 2023CA$135.0bCA$48.4b-CA$1,137,961,239.0025.5x-118.7x2.8x
Sat, 04 Feb 2023CA$135.9bCA$47.5bCA$656.8m23.8x207x2.9x
Mon, 02 Jan 2023CA$120.9bCA$46.6bCA$629.1m22.3x192.2x2.6x
Wed, 30 Nov 2022CA$120.6bCA$46.7bCA$796.5m22x151.4x2.6x
Fri, 28 Oct 2022CA$117.8bCA$45.0bCA$938.5m25x125.5x2.6x
Sun, 25 Sep 2022CA$112.0bCA$44.5bCA$933.0m25x120x2.5x
Tue, 23 Aug 2022CA$123.7bCA$43.4bCA$952.3m42.5x129.9x2.9x
Thu, 21 Jul 2022CA$122.5bCA$41.2bCA$1.7b48.6x70.5x3x
Sat, 18 Jun 2022CA$110.2bCA$41.4bCA$2.0b52.1x55.8x2.7x
Mon, 16 May 2022CA$121.6bCA$41.5bCA$1.6b37.4x77.4x2.9x
Wed, 13 Apr 2022CA$140.3bCA$39.1b-CA$1,468,838,535.0042.6x-95.5x3.6x
Fri, 11 Mar 2022CA$138.4bCA$38.5b-CA$1,935,129,389.0023.4x-71.5x3.6x
Sun, 06 Feb 2022CA$142.0bCA$37.5b-CA$2,050,652,522.0052.7x-69.2x3.8x
Tue, 04 Jan 2022CA$157.5bCA$37.0b-CA$2,035,591,717.0033.7x-77.4x4.3x
Thu, 02 Dec 2021CA$164.0bCA$36.9b-CA$2,250,949,571.0033.8x-72.9x4.4x
Sat, 30 Oct 2021CA$183.3bCA$35.6b-CA$2,485,069,580.0041.4x-73.8x5.1x
Mon, 27 Sep 2021CA$185.3bCA$36.0b-CA$2,579,400,556.0042.1x-71.8x5.2x
Wed, 25 Aug 2021CA$177.6bCA$35.2b-CA$2,335,567,095.7740.6x-76x5x
Thu, 01 Jul 2021CA$154.9bCA$35.0b-CA$2,344,443,971.7040.8x-66.1x4.4x
Sun, 04 Apr 2021CA$135.7bCA$32.4b-CA$259,338,809.2237.5x-523.3x4.2x
Wed, 06 Jan 2021CA$120.9bCA$32.0bCA$212.3m31.1x569.7x3.8x
Price to Earnings Ratio

3746.5x


Total Market Cap: CA$107.5bTotal Earnings: CA$28.7mTotal Revenue: CA$32.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Tech Sector Price to Earnings3Y Average 18.9x202120222023
Current Industry PE
  • Investors are pessimistic on the Canadian Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have grown 17% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

CA Market-1.20%
Tech-0.30%
Semiconductors8.27%
Software0.14%
Tech Hardware0%
Communications-0.10%
IT-1.14%
Electronic Equipment and Components-3.90%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 111.9%, which is higher than its past year's earnings growth of 11.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 112% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings growth to stay flat 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$3.21k0.7%
+CA$490.8m
52.7%PE94.7x
THNC Thinkific LabsCA$3.3925.1%
+CA$55.6m
113.2%PS3.6x
ENGH Enghouse SystemsCA$35.052.0%
+CA$38.7m
16.4%PE23x
DND Dye & DurhamCA$13.704.3%
+CA$31.3m
-1.2%PS1.7x
TCS TecsysCA$31.986.4%
+CA$28.1m
13.2%PE146.2x
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2.0%

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