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Canadian (TSX) Tech Sector Analysis

UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies115
  • 7D-2.6%
  • 3M7.9%
  • 1Y29.0%
  • YTD7.9%

BTQ Technologies is up 15%, leading the way for the Tech industry, which has gained 1.0%. This means that the industry has gained 32% over the past year. Earnings are forecast to grow by 24% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 07 Jun 2022CA$124.9bCA$41.1bCA$1.4b52.8x88.8x3x
Thu, 05 May 2022CA$131.6bCA$40.2b-CA$1,460,515,681.0051x-90.1x3.3x
Sat, 02 Apr 2022CA$146.4bCA$38.9b-CA$2,059,159,658.0034.5x-71.1x3.8x
Mon, 28 Feb 2022CA$141.5bCA$38.2b-CA$1,970,887,815.0051x-71.8x3.7x
Price to Earnings Ratio

-71.8x


Total Market Cap: CA$141.5bTotal Earnings: -CA$1,970,887,815.00Total Revenue: CA$38.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Tech Sector Price to Earnings3Y Average -109.4x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Information Technology industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 4.0x.
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 15% 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-0.52%
Tech-2.56%
Tech Hardware0%0
Semiconductors-0.25%
Communications-0.33%
Software-2.09%
Electronic Equipment and Components-3.51%
IT-4.03%
Industry PE
  • Investors are most optimistic about the Communications industry, which is trading close to its 3-year average PE ratio of 67.8x.
    • Analysts are expecting annual earnings growth of 34.1%, which is higher than its past year's earnings decline of 16.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 53% over the next 5 years.
  • In contrast, the IT industry is expected to see its earnings grow by 12% 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
BTQ BTQ TechnologiesCA$3.9314.9%
+CA$65.1m
614.5%PS1204.2x
QNC Quantum eMotionCA$0.8860.0%
+CA$55.4m
1,253.8%PB379x
SCAN Liberty Defense HoldingsCA$2.2070.5%
+CA$44.4m
100.0%PS56.2x
ALYA Alithya GroupCA$2.1518.1%
+CA$32.8m
15.6%PS0.5x
THNC Thinkific LabsCA$3.456.2%
+CA$13.7m
-5.5%PE224.2x
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Latest News

QNC

CA$0.88

Quantum eMotion

7D

60.0%

1Y

1,253.8%

DCBO

CA$57.00

Docebo

7D

-5.7%

1Y

-7.5%

TCS

CA$46.96

Tecsys

7D

1.9%

1Y

35.9%

ALYA

CA$2.15

Alithya Group

7D

18.1%

1Y

15.6%

SYZ

CA$10.16

Sylogist

7D

3.6%

1Y

13.0%

CLS

CA$177.17

Celestica

7D

-3.8%

1Y

214.8%

CSU

CA$4,870.33

Constellation Software

7D

-1.8%

1Y

31.4%

TOI

CA$142.70

Topicus.com

7D

-1.6%

1Y

15.9%

BB

CA$7.91

BlackBerry

7D

-5.7%

1Y

121.6%

ACT

CA$8.11

Aduro Clean Technologies

7D

5.1%

1Y

72.1%

SCAN

CA$2.20

Liberty Defense Holdings

7D

70.5%

1Y

100.0%

BTQ

CA$3.93

BTQ Technologies

7D

14.9%

1Y

614.5%

THNC

CA$3.45

Thinkific Labs

7D

6.2%

1Y

-5.5%