Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Tech Sector Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies116
  • 7D-1.2%
  • 3M-6.4%
  • 1Y-2.3%
  • YTD-2.7%

Over the last 7 days, the Tech industry has dropped 1.2%, driven by a pullback from Celestica of 3.0%. Meanwhile, Quantum eMotion actually outperformed within the industry, gaining 7.2% in the last week. As for the longer term, the industry's performance has been flat for the past year. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025CA$202.4bCA$60.0bCA$2.7b22.5x75.2x3.4x
Fri, 28 Nov 2025CA$212.1bCA$60.9bCA$2.7b23x78x3.5x
Sun, 26 Oct 2025CA$221.1bCA$58.5bCA$2.7b39.3x83x3.8x
Tue, 23 Sep 2025CA$228.5bCA$58.1bCA$2.7b40.8x85.5x3.9x
Thu, 21 Aug 2025CA$215.1bCA$58.2bCA$2.6b39.5x82.8x3.7x
Sat, 19 Jul 2025CA$233.3bCA$55.9bCA$2.4b41.2x97x4.2x
Mon, 16 Jun 2025CA$216.9bCA$55.5bCA$2.4b33.7x90.2x3.9x
Wed, 14 May 2025CA$223.6bCA$56.3bCA$3.2b27.8x69.1x4x
Fri, 11 Apr 2025CA$202.6bCA$57.6bCA$2.5b23.3x81.1x3.5x
Sun, 09 Mar 2025CA$213.4bCA$58.9bCA$2.2b22.5x98.9x3.6x
Tue, 04 Feb 2025CA$224.0bCA$58.4b-CA$341,552,938.2022.2x-655.9x3.8x
Thu, 02 Jan 2025CA$207.8bCA$57.2b-CA$446,528,797.9625.3x-465.4x3.6x
Sat, 30 Nov 2024CA$212.1bCA$56.2b-CA$396,440,734.5526.5x-535x3.8x
Mon, 28 Oct 2024CA$193.7bCA$55.0b-CA$574,107,204.6624.1x-337.4x3.5x
Wed, 25 Sep 2024CA$192.2bCA$53.3b-CA$563,590,598.2421.9x-341x3.6x
Fri, 23 Aug 2024CA$189.9bCA$53.7b-CA$623,637,841.7122.1x-304.5x3.5x
Sun, 21 Jul 2024CA$188.2bCA$52.5b-CA$1,416,510,814.6931.6x-132.8x3.6x
Tue, 18 Jun 2024CA$175.8bCA$52.7b-CA$1,388,872,480.9226.7x-126.5x3.3x
Thu, 16 May 2024CA$172.3bCA$52.3b-CA$1,512,709,506.0427.8x-113.9x3.3x
Sat, 13 Apr 2024CA$176.6bCA$52.8b-CA$2,411,320,580.5221.3x-73.2x3.3x
Mon, 11 Mar 2024CA$174.6bCA$52.2b-CA$2,876,007,458.0821.5x-60.7x3.3x
Wed, 07 Feb 2024CA$165.5bCA$51.1b-CA$2,044,805,973.2718.9x-80.9x3.2x
Fri, 05 Jan 2024CA$156.1bCA$51.9b-CA$2,230,120,257.0021.2x-70x3x
Sun, 03 Dec 2023CA$155.1bCA$52.2b-CA$2,438,645,378.0022.6x-63.6x3x
Tue, 31 Oct 2023CA$137.8bCA$51.8b-CA$2,560,041,146.0022.7x-53.8x2.7x
Thu, 28 Sep 2023CA$139.8bCA$51.0b-CA$2,656,138,313.0024x-52.6x2.7x
Sat, 26 Aug 2023CA$144.1bCA$51.3b-CA$2,684,478,569.0024x-53.7x2.8x
Mon, 24 Jul 2023CA$145.3bCA$48.8b-CA$2,521,691,617.0020.5x-57.6x3x
Wed, 21 Jun 2023CA$141.6bCA$48.6b-CA$2,615,687,306.0021.1x-54.1x2.9x
Fri, 19 May 2023CA$140.4bCA$48.9b-CA$1,841,506,680.0022.8x-76.3x2.9x
Sun, 16 Apr 2023CA$138.4bCA$46.7b-CA$1,935,827,043.0026.7x-71.5x3x
Tue, 14 Mar 2023CA$133.2bCA$48.3b-CA$1,169,410,582.0022.8x-113.9x2.8x
Thu, 09 Feb 2023CA$136.1bCA$47.7b-CA$875,763,166.0024.5x-155.4x2.9x
Sat, 07 Jan 2023CA$122.6bCA$46.4bCA$628.7m21.8x195x2.6x
Price to Earnings Ratio

195x


Total Market Cap: CA$122.6bTotal Earnings: CA$628.7mTotal Revenue: CA$46.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Tech Sector Price to Earnings3Y Average -117.4x20242025
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 75.2x which is higher than its 3-year average PE of -117x.
  • 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 62% per year over the last three years.
  • Revenues for these companies have grown 8.9% 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-0.12%
Tech-1.22%
Semiconductors7.17%
Communications0.16%
Tech Hardware0%0
Software-0.72%
IT-0.77%
Electronic Equipment and Components-2.87%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 170x.
    • Analysts are expecting annual earnings growth of 24.4%, which is higher than its past year's earnings growth of 6.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 27% over the next 5 years.
  • However this is lower than its past earnings growth rate of 85% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 9.3% 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
QNC Quantum eMotionCA$5.387.2%
+CA$77.6m		202.2%PB45.3x
PNG Kraken RoboticsCA$6.402.2%
+CA$42.9m		132.7%PE119x
LMN Lumine GroupCA$27.480.5%
+CA$33.4m		-33.2%PE52.2x
WERX Fintechwerx International Software ServicesCA$2.5460.8%
+CA$23.3m		n/an/a
ET Evertz TechnologiesCA$13.991.5%
+CA$15.9m		11.0%PE16.4x

Latest News

DDD
CA$0.78
Metavista3D
7D
16.4%
1Y
-64.5%
PNG
CA$6.40
Kraken Robotics
7D
2.2%
1Y
132.7%

Does This Valuation Of Kraken Robotics Inc. (CVE:PNG) Imply Investors Are Overpaying?

Dec 29
Does This Valuation Of Kraken Robotics Inc. (CVE:PNG) Imply Investors Are Overpaying?
BITF
CA$3.27
Bitfarms
7D
-10.7%
1Y
53.5%

Bitfarms Ltd.'s (TSE:BITF) 25% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

Dec 28
Bitfarms Ltd.'s (TSE:BITF) 25% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
HIVE
CA$3.56
HIVE Digital Technologies
7D
-8.5%
1Y
-13.4%
DCBO
CA$30.58
Docebo
7D
1.6%
1Y
-52.6%

DCBO: Enterprise Expansion Will Drive Long-Term Returns Despite Near-Term Margin Pressure

Analysts have trimmed their price target on Docebo to $28 from $34, reflecting slightly lower fair value and profit margin assumptions, even as they highlight the company’s strong learning management platform, upmarket expansion, and enterprise focused growth strategy. Analyst Commentary Recent Street research presents a mixed but generally constructive view on Docebo, with targets and ratings reflecting both confidence in the company’s long term growth profile and caution around near term execution and profitability.
GIB.A
CA$127.38
CGI
7D
-0.8%
1Y
-19.0%

GIB.A: Future Upside Will Depend On Generative AI And Tariff Resolution

Analysts have trimmed their fair value estimate for CGI slightly to $154.25 from about $155.08, reflecting a modestly higher discount rate and lower future P E assumptions as they balance concerns over softer organic growth in certain regions with ongoing opportunities tied to generative AI and easing tariff headwinds. Analyst Commentary Street research on CGI reflects a more balanced risk reward profile, with recent target cuts and rating changes highlighting both near term execution risks and longer term upside tied to structural themes like generative AI.
LMN
CA$27.48
Lumine Group
7D
0.5%
1Y
-33.2%

Is There Now An Opportunity In Lumine Group Inc. (CVE:LMN)?

Dec 20
Is There Now An Opportunity In Lumine Group Inc. (CVE:LMN)?
BB
CA$5.19
BlackBerry
7D
-4.9%
1Y
-4.9%
CSU
CA$3,313.07
Constellation Software
7D
-0.09%
1Y
-25.5%
CLS
CA$410.04
Celestica
7D
-3.0%
1Y
209.1%
ET
CA$13.99
Evertz Technologies
7D
1.5%
1Y
11.0%
DSG
CA$120.62
Descartes Systems Group
7D
-1.1%
1Y
-26.2%
ZOMD
CA$1.25
Zoomd Technologies
7D
9.2%
1Y
50.6%
WERX
CA$2.54
Fintechwerx International Software Services
7D
60.8%
1Y
n/a
QNC
CA$5.38
Quantum eMotion
7D
7.2%
1Y
202.2%
BTQ
CA$7.16
BTQ Technologies
7D
-11.9%
1Y
79.9%