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Canadian (TSX) Tech Sector Analysis
UpdatedJan 20, 2025
DataAggregated Company Financials
Companies118
- 7D3.1%
- 3M8.0%
- 1Y24.9%
- YTD1.2%
Over the last 7 days, the Tech industry has risen 3.1%, driven by gains in Celestica and Constellation Software of 13% and 2.2%, respectively. This takes the industry's 12 month performance to a gain of 25%. Earnings are forecast to grow by 23% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | CA$211.4b | CA$57.4b | -CA$451,551,438.31 | 23.2x | -468.1x | 3.7x |
| Thu, 19 Dec 2024 | CA$214.6b | CA$57.3b | -CA$430,008,167.62 | 24.6x | -499.1x | 3.7x |
| Sat, 16 Nov 2024 | CA$203.8b | CA$56.3b | -CA$378,615,340.24 | 22.1x | -538.3x | 3.6x |
| Mon, 14 Oct 2024 | CA$196.3b | CA$54.1b | -CA$570,984,743.63 | 22.8x | -343.8x | 3.6x |
| Wed, 11 Sep 2024 | CA$185.6b | CA$53.7b | -CA$621,213,376.36 | 22.8x | -298.8x | 3.5x |
| Fri, 09 Aug 2024 | CA$178.3b | CA$53.4b | -CA$610,912,548.75 | 22.7x | -291.8x | 3.3x |
| Sun, 07 Jul 2024 | CA$181.3b | CA$52.3b | -CA$1,386,714,862.58 | 31.4x | -130.8x | 3.5x |
| Tue, 04 Jun 2024 | CA$175.1b | CA$52.5b | -CA$1,416,822,340.78 | 27.3x | -123.6x | 3.3x |
| Thu, 02 May 2024 | CA$169.9b | CA$53.1b | -CA$2,076,081,995.39 | 24.5x | -81.9x | 3.2x |
| Sat, 30 Mar 2024 | CA$176.7b | CA$52.2b | -CA$2,926,155,547.63 | 21.3x | -60.4x | 3.4x |
| Mon, 26 Feb 2024 | CA$171.3b | CA$51.4b | -CA$876,986,280.01 | 20.9x | -195.3x | 3.3x |
| Wed, 24 Jan 2024 | CA$168.2b | CA$52.1b | -CA$2,252,204,932.00 | 20.8x | -74.7x | 3.2x |
| Fri, 22 Dec 2023 | CA$157.2b | CA$51.8b | -CA$2,331,885,269.00 | 20.9x | -67.4x | 3x |
| Sun, 19 Nov 2023 | CA$153.2b | CA$52.8b | -CA$2,517,875,263.00 | 22.1x | -60.9x | 2.9x |
| Tue, 17 Oct 2023 | CA$142.4b | CA$51.2b | -CA$2,561,850,715.00 | 24x | -55.6x | 2.8x |
| Thu, 14 Sep 2023 | CA$145.5b | CA$51.1b | -CA$2,585,817,989.00 | 24.6x | -56.3x | 2.8x |
| Sat, 12 Aug 2023 | CA$144.3b | CA$50.4b | -CA$2,667,865,548.00 | 20.5x | -54.1x | 2.9x |
| Mon, 10 Jul 2023 | CA$142.7b | CA$48.9b | -CA$2,367,584,658.00 | 20.6x | -60.3x | 2.9x |
| Wed, 07 Jun 2023 | CA$144.5b | CA$48.9b | -CA$2,640,426,657.00 | 22.9x | -54.7x | 3x |
| Fri, 05 May 2023 | CA$135.8b | CA$48.2b | -CA$1,963,046,642.00 | 23.5x | -69.2x | 2.8x |
| Sun, 02 Apr 2023 | CA$135.7b | CA$47.0b | -CA$2,001,611,440.00 | 29x | -67.8x | 2.9x |
| Tue, 28 Feb 2023 | CA$132.6b | CA$47.9b | -CA$1,095,951,162.00 | 23.6x | -121x | 2.8x |
| Thu, 26 Jan 2023 | CA$129.9b | CA$46.4b | CA$637.5m | 23.9x | 203.8x | 2.8x |
| Sat, 24 Dec 2022 | CA$120.0b | CA$46.7b | CA$634.3m | 21.2x | 189.1x | 2.6x |
| Mon, 21 Nov 2022 | CA$118.5b | CA$46.2b | CA$769.0m | 22.3x | 154x | 2.6x |
| Wed, 19 Oct 2022 | CA$114.4b | CA$44.9b | CA$929.5m | 31.7x | 123.1x | 2.6x |
| Fri, 16 Sep 2022 | CA$117.4b | CA$43.8b | CA$922.5m | 25x | 127.3x | 2.7x |
| Sun, 14 Aug 2022 | CA$129.4b | CA$42.9b | CA$1.3b | 50.5x | 101.6x | 3x |
| Tue, 12 Jul 2022 | CA$117.4b | CA$41.3b | CA$1.7b | 42.5x | 67.3x | 2.8x |
| Thu, 09 Jun 2022 | CA$124.1b | CA$41.1b | CA$1.4b | 51.1x | 88.3x | 3x |
| Sat, 07 May 2022 | CA$124.7b | CA$40.7b | CA$1.5b | 44.7x | 82.4x | 3.1x |
| Mon, 04 Apr 2022 | CA$146.4b | CA$38.9b | -CA$1,480,658,926.00 | 47.9x | -98.9x | 3.8x |
| Wed, 02 Mar 2022 | CA$139.0b | CA$38.1b | -CA$1,923,059,865.00 | 49.6x | -72.3x | 3.7x |
| Fri, 28 Jan 2022 | CA$133.5b | CA$36.9b | -CA$2,001,718,374.00 | 40.1x | -66.7x | 3.6x |
Price to Earnings Ratio
-66.7x
Current Industry PE
- Investors are relatively neutral on the Canadian Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have improved over the last three years.
- Revenues for these companies have grown 16% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Canadian Tech sector?
| CA Market | 1.22% | |
| Tech | 3.07% | |
| Electronic Equipment and Components | 9.18% | |
| Software | 2.87% | |
| IT | 0.82% | |
| Tech Hardware | 0% | 0 |
| Communications | -0.11% | |
| Semiconductors | -1.25% | |
Industry PE
- Investors are most optimistic about the Communications industry even though it's trading below its 3-year average PE ratio of 65.5x.
- Analysts are expecting annual earnings growth of 55.7%, which is higher than its past year's earnings decline of 14.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 56% over the next 5 years.
- This is better than its past earnings decline of 15% per year.
- In contrast, the IT industry is expected to see its earnings grow by 9.7% 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 | |
|---|---|---|---|---|---|
| CLS Celestica | CA$164.41 | 13.8% +CA$2.3b | 285.6% | PE35.4x | |
| CSU Constellation Software | CA$4.36k | 1.5% +CA$1.3b | 20.4% | PE110x | |
| TOI Topicus.com | CA$132.04 | 12.4% +CA$1.2b | 25.1% | PE87.9x | |
| DSG Descartes Systems Group | CA$167.23 | 4.8% +CA$649.2m | 40.3% | PE72.6x | |
| LMN Lumine Group | CA$41.07 | 4.5% +CA$449.1m | 23.2% | PS11.8x |
