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Canadian (TSX) Tech Sector Analysis

UpdatedAug 24, 2025
DataAggregated Company Financials
Companies113
  • 7D2.2%
  • 3M0.3%
  • 1Y18.2%
  • YTD6.6%

Over the last 7 days, the Tech industry has risen 2.2%, driven by gains from Constellation Software of 4.5%. In the last 12 months, the industry was up 18%. Looking forward, earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Aug 2025CA$222.7bCA$58.1bCA$2.6b41x85.9x3.8x
Tue, 22 Jul 2025CA$231.1bCA$55.8bCA$2.4b42.4x96.2x4.1x
Thu, 19 Jun 2025CA$218.2bCA$55.8bCA$2.4b34.1x90.5x3.9x
Sat, 17 May 2025CA$223.7bCA$56.4bCA$3.2b29.4x69.8x4x
Mon, 14 Apr 2025CA$197.7bCA$57.4bCA$2.5b24x79.3x3.4x
Wed, 12 Mar 2025CA$207.6bCA$59.0bCA$2.2b22.4x95.9x3.5x
Fri, 07 Feb 2025CA$231.4bCA$57.8b-CA$290,037,599.0521.8x-797.8x4x
Sun, 05 Jan 2025CA$210.4bCA$57.3b-CA$451,793,942.0124.7x-465.7x3.7x
Tue, 03 Dec 2024CA$213.7bCA$56.3b-CA$383,062,580.7825.7x-557.9x3.8x
Thu, 31 Oct 2024CA$196.5bCA$55.0b-CA$578,299,131.8023.6x-339.8x3.6x
Sat, 28 Sep 2024CA$194.5bCA$53.5b-CA$542,127,089.5422.1x-358.7x3.6x
Mon, 26 Aug 2024CA$189.5bCA$53.6b-CA$606,975,060.8622.1x-312.3x3.5x
Wed, 24 Jul 2024CA$190.7bCA$52.6b-CA$1,426,388,231.0931.2x-133.7x3.6x
Fri, 21 Jun 2024CA$174.6bCA$52.6b-CA$1,385,767,320.1526.7x-126x3.3x
Sun, 19 May 2024CA$175.4bCA$52.4b-CA$1,456,221,464.5630.2x-120.4x3.3x
Tue, 16 Apr 2024CA$173.5bCA$52.8b-CA$2,419,940,898.8521.6x-71.7x3.3x
Thu, 14 Mar 2024CA$174.1bCA$52.1b-CA$2,872,228,420.3121.9x-60.6x3.3x
Sat, 10 Feb 2024CA$168.3bCA$51.2b-CA$993,985,406.8918.8x-169.3x3.3x
Mon, 08 Jan 2024CA$156.1bCA$51.9b-CA$2,232,863,118.0021.2x-69.9x3x
Wed, 06 Dec 2023CA$156.5bCA$52.5b-CA$2,543,512,505.0022.2x-61.5x3x
Fri, 03 Nov 2023CA$140.8bCA$51.7b-CA$2,478,856,207.0023.3x-56.8x2.7x
Sun, 01 Oct 2023CA$142.1bCA$51.1b-CA$2,554,978,378.0023.6x-55.6x2.8x
Tue, 29 Aug 2023CA$144.1bCA$51.2b-CA$2,681,741,981.0024x-53.7x2.8x
Thu, 27 Jul 2023CA$142.9bCA$49.1b-CA$2,467,869,099.0019.9x-57.9x2.9x
Sat, 24 Jun 2023CA$139.3bCA$48.5b-CA$2,606,483,602.0020.5x-53.4x2.9x
Mon, 22 May 2023CA$142.8bCA$48.9b-CA$1,867,410,782.0024.3x-76.5x2.9x
Wed, 19 Apr 2023CA$136.2bCA$46.8b-CA$1,942,921,688.0023.5x-70.1x2.9x
Fri, 17 Mar 2023CA$135.0bCA$48.1b-CA$1,164,892,564.0022.8x-115.9x2.8x
Sun, 12 Feb 2023CA$134.1bCA$47.5b-CA$857,259,547.0024.7x-156.4x2.8x
Tue, 10 Jan 2023CA$124.0bCA$46.3bCA$628.6m22.3x197.2x2.7x
Thu, 08 Dec 2022CA$121.0bCA$46.8bCA$731.5m21.3x165.4x2.6x
Sat, 05 Nov 2022CA$111.6bCA$45.1bCA$876.1m28x127.4x2.5x
Mon, 03 Oct 2022CA$114.0bCA$44.7bCA$925.6m31.3x123.2x2.5x
Wed, 31 Aug 2022CA$119.7bCA$43.5bCA$944.7m42.9x126.7x2.7x
Price to Earnings Ratio

126.7x


Total Market Cap: CA$119.7bTotal Earnings: CA$944.7mTotal Revenue: CA$43.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Tech Sector Price to Earnings3Y Average -110.2x202320242025
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 85.9x which is higher than its 3-year average PE of -110x.
  • The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 40% per year over the last three years.
  • Revenues for these companies have grown 10% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

CA Market1.67%
Tech2.23%
Semiconductors4.04%
Software3.31%
IT3.15%
Tech Hardware0%0
Communications-0.11%
Electronic Equipment and Components-3.32%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 68.2x.
    • Analysts are expecting annual earnings growth of 20.3%, which is lower than the prior year's growth of 25.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 78% over the next 5 years.
  • In contrast, the IT industry is expected to see its earnings grow by 9.8% 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$4.55k4.5%
+CA$4.2b		5.6%PE108.8x
GIB.A CGICA$134.083.3%
+CA$946.7m		-9.4%PE17.3x
TOI Topicus.comCA$175.884.3%
+CA$606.7m		38.1%PE70.9x
DSG Descartes Systems GroupCA$140.223.3%
+CA$387.7m		4.2%PE60x
QBTQ SuperQ Quantum ComputingCA$1.01-13.7%
CA$126.4m		304.0%PB172.4x

Latest News

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CA$3.46
Kraken Robotics
7D
-9.3%
1Y
137.0%
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CA$3.48
HIVE Digital Technologies
7D
12.6%
1Y
-27.5%

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ALYA
CA$1.88
Alithya Group
7D
-9.6%
1Y
2.7%
KXS
CA$194.59
Kinaxis
7D
-1.7%
1Y
28.7%
LSPD
CA$16.93
Lightspeed Commerce
7D
-1.0%
1Y
-5.2%
TOI
CA$175.88
Topicus.com
7D
4.3%
1Y
38.1%

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CSU
CA$4,549.91
Constellation Software
7D
4.5%
1Y
5.6%
DSG
CA$140.22
Descartes Systems Group
7D
3.3%
1Y
4.2%

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TINY
CA$0.90
Tiny
7D
-8.2%
1Y
-48.3%
GIB.A
CA$134.08
CGI
7D
3.3%
1Y
-9.4%
LMN
CA$48.74
Lumine Group
7D
-1.5%
1Y
45.3%
CLS
CA$261.42
Celestica
7D
-3.3%
1Y
263.9%
QBTQ
CA$1.01
SuperQ Quantum Computing
7D
-13.7%
1Y
304.0%
BB
CA$5.19
BlackBerry
7D
3.2%
1Y
58.2%
BLN
CA$6.90
Blackline Safety
7D
10.2%
1Y
45.3%
DDD
CA$2.21
Metavista3D
7D
-13.3%
1Y
n/a