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Canadian (TSX) Tech Sector Analysis

UpdatedJul 03, 2025
DataAggregated Company Financials
Companies109
  • 7D1.9%
  • 3M16.4%
  • 1Y25.6%
  • YTD9.1%

Over the last 7 days, the Tech industry has risen 1.9%, driven by gains from Constellation Software of 1.3%. In the same time, BlackBerry was down 14%. In the last 12 months, the industry was up 26%. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 03 Jul 2025CA$227.2bCA$55.5bCA$2.4b37.5x94.1x4.1x
Sat, 31 May 2025CA$220.5bCA$55.8bCA$2.4b33.2x92x4x
Mon, 28 Apr 2025CA$210.7bCA$55.4bCA$2.7b26.9x79x3.8x
Wed, 26 Mar 2025CA$209.1bCA$58.5bCA$2.2b23.8x96.5x3.6x
Fri, 21 Feb 2025CA$227.9bCA$57.5b-CA$236,502,916.4221.4x-963.7x4x
Sun, 19 Jan 2025CA$211.4bCA$57.4b-CA$451,551,438.3123.2x-468.1x3.7x
Tue, 17 Dec 2024CA$215.6bCA$56.9b-CA$407,405,628.7525.1x-529.3x3.8x
Thu, 14 Nov 2024CA$206.4bCA$56.1b-CA$367,278,205.5323.2x-562.1x3.7x
Sat, 12 Oct 2024CA$193.6bCA$54.1b-CA$571,697,416.6422.8x-338.7x3.6x
Mon, 09 Sep 2024CA$183.2bCA$53.6b-CA$615,341,976.8121.2x-297.7x3.4x
Wed, 07 Aug 2024CA$182.3bCA$53.4b-CA$1,289,801,977.5725.7x-141.3x3.4x
Fri, 05 Jul 2024CA$182.9bCA$52.2b-CA$1,443,165,874.1931.4x-126.7x3.5x
Sun, 02 Jun 2024CA$175.0bCA$52.5b-CA$1,420,618,678.8627.3x-123.2x3.3x
Tue, 30 Apr 2024CA$173.1bCA$53.1b-CA$2,280,093,855.1526.7x-75.9x3.3x
Thu, 28 Mar 2024CA$178.1bCA$52.3b-CA$2,934,536,590.9020.9x-60.7x3.4x
Sat, 24 Feb 2024CA$171.3bCA$51.4b-CA$878,174,730.9820.9x-195.1x3.3x
Mon, 22 Jan 2024CA$168.7bCA$52.1b-CA$2,243,132,767.0020.7x-75.2x3.2x
Wed, 20 Dec 2023CA$157.0bCA$52.0b-CA$2,316,833,127.0022.6x-67.8x3x
Fri, 17 Nov 2023CA$153.1bCA$52.9b-CA$2,521,732,014.0022.1x-60.7x2.9x
Sun, 15 Oct 2023CA$141.2bCA$51.3b-CA$2,572,712,424.0023.6x-54.9x2.8x
Tue, 12 Sep 2023CA$146.6bCA$51.2b-CA$2,586,100,435.0023.3x-56.7x2.9x
Thu, 10 Aug 2023CA$143.0bCA$50.1b-CA$2,868,790,138.0020.2x-49.8x2.9x
Sat, 08 Jul 2023CA$142.7bCA$48.9b-CA$2,367,594,255.0020.6x-60.3x2.9x
Mon, 05 Jun 2023CA$144.2bCA$48.9b-CA$2,641,192,891.0023.1x-54.6x2.9x
Wed, 03 May 2023CA$140.4bCA$48.3b-CA$1,974,063,551.0024x-71.1x2.9x
Fri, 31 Mar 2023CA$133.0bCA$47.1b-CA$1,128,066,039.0025x-117.9x2.8x
Sun, 26 Feb 2023CA$132.3bCA$48.0b-CA$1,107,742,380.0023.7x-119.4x2.8x
Tue, 24 Jan 2023CA$131.4bCA$46.3bCA$639.1m23.9x205.6x2.8x
Thu, 22 Dec 2022CA$121.4bCA$46.7bCA$627.6m21.5x193.5x2.6x
Sat, 19 Nov 2022CA$118.5bCA$46.2bCA$757.5m22.3x156.4x2.6x
Mon, 17 Oct 2022CA$111.2bCA$45.0bCA$931.9m31.7x119.3x2.5x
Wed, 14 Sep 2022CA$121.3bCA$43.4bCA$925.9m45.1x131.1x2.8x
Fri, 12 Aug 2022CA$128.2bCA$42.6bCA$1.3b51.6x96.2x3x
Sun, 10 Jul 2022CA$120.3bCA$41.3bCA$1.7b44.3x69x2.9x
Price to Earnings Ratio

69x


Total Market Cap: CA$120.3bTotal Earnings: CA$1.7bTotal Revenue: CA$41.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Tech Sector Price to Earnings3Y Average -110.6x202320242025
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 94.1x which is higher than its 3-year average PE of -111x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 11% 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 Market1.29%
Tech1.92%
Semiconductors5.28%
Communications4.96%
Electronic Equipment and Components2.87%
Software1.95%
IT0.78%
Tech Hardware0%0
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 31.6x.
    • Analysts are expecting annual earnings growth of 20.5%, which is lower than the prior year's growth of 28.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 62% over the next 5 years.
  • In contrast, the IT industry is expected to see its earnings grow by 8.9% 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$4.97k1.3%
+CA$1.4b
23.0%PE104.7x
LMN Lumine GroupCA$48.877.9%
+CA$918.7m
31.7%PE139.4x
TOI Topicus.comCA$173.175.9%
+CA$853.4m
43.3%PE91.2x
CLS CelesticaCA$210.492.9%
+CA$692.3m
165.1%PE42.2x
BTQ BTQ TechnologiesCA$8.8580.6%
+CA$523.6m
2,112.5%PS1279.7x

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