Lightspeed Commerce Inc. (TSE:LSPD) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
Nov 08
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Canadian (TSX) Tech Sector Analysis
UpdatedNov 08, 2025
DataAggregated Company Financials
Companies111
- 7D-6.4%
- 3M-7.2%
- 1Y4.9%
- YTD1.7%
Over the last 7 days, the Tech industry has dropped 6.4%, driven by Constellation Software declining 8.3%. In contrast, Lightspeed Commerce has gained 9.0%. In the past year, the industry has gained 4.9%. As for the next few years, earnings are expected to grow by 23% per annum.
Sector Valuation and Performance
Has the Canadian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 08 Nov 2025 | CA$211.7b | CA$60.2b | CA$2.7b | 38.8x | 77.7x | 3.5x |
| Mon, 06 Oct 2025 | CA$215.2b | CA$58.4b | CA$2.7b | 39.3x | 80.7x | 3.7x |
| Wed, 03 Sep 2025 | CA$221.6b | CA$57.9b | CA$2.7b | 40.5x | 83.3x | 3.8x |
| Fri, 01 Aug 2025 | CA$235.0b | CA$57.3b | CA$2.5b | 42.7x | 92.9x | 4.1x |
| Sun, 29 Jun 2025 | CA$225.7b | CA$55.8b | CA$2.4b | 37x | 92.3x | 4x |
| Tue, 27 May 2025 | CA$218.3b | CA$55.8b | CA$2.4b | 29.2x | 89.8x | 3.9x |
| Thu, 24 Apr 2025 | CA$201.6b | CA$54.8b | CA$2.7b | 25.4x | 75.3x | 3.7x |
| Sat, 22 Mar 2025 | CA$204.6b | CA$58.6b | CA$2.2b | 24.1x | 94x | 3.5x |
| Mon, 17 Feb 2025 | CA$230.4b | CA$57.5b | -CA$237,371,893.92 | 22x | -970.6x | 4x |
| Wed, 15 Jan 2025 | CA$204.0b | CA$54.6b | -CA$279,066,767.93 | 23.2x | -731x | 3.7x |
| Fri, 13 Dec 2024 | CA$214.9b | CA$56.8b | -CA$402,729,554.47 | 25.3x | -533.5x | 3.8x |
| Sun, 10 Nov 2024 | CA$202.2b | CA$56.0b | -CA$349,004,373.92 | 23.4x | -579.2x | 3.6x |
| Tue, 08 Oct 2024 | CA$192.1b | CA$53.8b | -CA$555,859,062.90 | 22.8x | -345.6x | 3.6x |
| Thu, 05 Sep 2024 | CA$186.6b | CA$53.4b | -CA$606,360,604.02 | 23x | -307.7x | 3.5x |
| Sat, 03 Aug 2024 | CA$188.5b | CA$53.6b | -CA$1,310,558,522.99 | 26.8x | -143.9x | 3.5x |
| Mon, 01 Jul 2024 | CA$179.3b | CA$52.3b | -CA$1,437,161,728.24 | 29x | -124.7x | 3.4x |
| Wed, 29 May 2024 | CA$176.8b | CA$52.5b | -CA$1,447,936,181.94 | 31.3x | -122.1x | 3.4x |
| Fri, 26 Apr 2024 | CA$173.1b | CA$53.1b | -CA$2,277,990,909.29 | 26.7x | -76x | 3.3x |
| Sun, 24 Mar 2024 | CA$172.0b | CA$52.3b | -CA$2,942,871,510.94 | 21x | -58.5x | 3.3x |
| Tue, 20 Feb 2024 | CA$169.8b | CA$51.3b | -CA$877,088,662.63 | 20.3x | -193.5x | 3.3x |
| Thu, 18 Jan 2024 | CA$164.1b | CA$52.2b | -CA$2,265,032,518.00 | 21.1x | -72.5x | 3.1x |
| Sat, 16 Dec 2023 | CA$160.3b | CA$52.0b | -CA$2,326,903,177.00 | 22.6x | -68.9x | 3.1x |
| Mon, 13 Nov 2023 | CA$148.7b | CA$52.7b | -CA$2,496,795,103.00 | 20.4x | -59.6x | 2.8x |
| Wed, 11 Oct 2023 | CA$142.9b | CA$51.1b | -CA$2,554,038,435.00 | 23.2x | -56x | 2.8x |
| Fri, 08 Sep 2023 | CA$145.8b | CA$51.4b | -CA$2,612,802,267.00 | 23.3x | -55.8x | 2.8x |
| Sun, 06 Aug 2023 | CA$142.5b | CA$50.0b | -CA$2,354,676,998.00 | 21x | -60.5x | 2.9x |
| Tue, 04 Jul 2023 | CA$145.8b | CA$48.9b | -CA$2,352,131,042.00 | 21x | -62x | 3x |
| Thu, 01 Jun 2023 | CA$141.2b | CA$49.2b | -CA$2,746,659,661.00 | 26.1x | -51.4x | 2.9x |
| Sat, 29 Apr 2023 | CA$138.4b | CA$48.2b | -CA$1,911,332,529.00 | 23x | -72.4x | 2.9x |
| Mon, 27 Mar 2023 | CA$130.5b | CA$46.8b | -CA$1,230,935,087.00 | 24.9x | -106x | 2.8x |
| Wed, 22 Feb 2023 | CA$134.4b | CA$47.8b | -CA$1,095,535,500.00 | 24.4x | -122.7x | 2.8x |
| Fri, 20 Jan 2023 | CA$128.2b | CA$46.5b | CA$640.5m | 23.9x | 200.2x | 2.8x |
| Sun, 18 Dec 2022 | CA$121.7b | CA$46.9b | CA$732.5m | 22x | 166.1x | 2.6x |
| Tue, 15 Nov 2022 | CA$118.1b | CA$46.0b | CA$1.0b | 24.1x | 117.3x | 2.6x |
Price to Earnings Ratio
117.3x
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 77.7x which is higher than its 3-year average PE of -113x.
- The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 39% per year over the last three years.
- Revenues for these companies have grown 9.4% 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 Market | -0.72% | |
| Tech | -6.44% | |
| Tech Hardware | 0% | 0 |
| IT | -0.98% | |
| Communications | -3.42% | |
| Electronic Equipment and Components | -6.71% | |
| Software | -7.29% | |
| Semiconductors | -26.00% | |
Industry PE
- Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 125x.
- Analysts are expecting annual earnings growth of 24.7%, which is higher than its past year's earnings growth of 21.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 6.5% per year.
- In contrast, the IT industry is expected to see its earnings grow by 8.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LSPD Lightspeed Commerce | CA$18.37 | 9.0% +CA$219.2m | -22.6% | PS1.5x | |
| KXS Kinaxis | CA$177.95 | 4.8% +CA$213.5m | 5.1% | PE102x | |
| DDD Metavista3D | CA$1.44 | 41.2% +CA$47.8m | 20.0% | PB17.9x | |
| MIM MiMedia Holdings | CA$0.53 | 43.2% +CA$14.9m | 165.0% | PS5363.2x | |
| ENGH Enghouse Systems | CA$20.98 | 0.8% +CA$9.3m | -30.3% | PE15.3x |
