Have your own idea? Try our Stock Screener
Canadian (TSX) Tech Sector Analysis
UpdatedNov 14, 2025
DataAggregated Company Financials
Companies112
- 7D-3.3%
- 3M-7.1%
- 1Y0.4%
- YTD-2.6%
Over the last 7 days, the Tech industry has dropped 3.3%, driven by Celestica declining 3.7%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 26% 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 |
|---|---|---|---|---|---|---|
| Mon, 17 Nov 2025 | CA$209.2b | CA$60.8b | CA$2.8b | 39.3x | 75.2x | 3.4x |
| Wed, 15 Oct 2025 | CA$215.1b | CA$58.7b | CA$2.7b | 39.3x | 80.5x | 3.7x |
| Fri, 12 Sep 2025 | CA$228.0b | CA$58.1b | CA$2.7b | 39.4x | 85.4x | 3.9x |
| Sun, 10 Aug 2025 | CA$227.1b | CA$57.8b | CA$2.5b | 44.4x | 90.1x | 3.9x |
| Tue, 08 Jul 2025 | CA$229.5b | CA$55.7b | CA$2.4b | 38.8x | 95.4x | 4.1x |
| Thu, 05 Jun 2025 | CA$222.0b | CA$55.7b | CA$2.4b | 33.4x | 92.3x | 4x |
| Sat, 03 May 2025 | CA$212.3b | CA$55.5b | CA$3.1b | 26.6x | 67.8x | 3.8x |
| Mon, 31 Mar 2025 | CA$200.8b | CA$58.6b | CA$2.3b | 20.3x | 87.4x | 3.4x |
| Wed, 26 Feb 2025 | CA$219.8b | CA$57.9b | -CA$251,236,385.47 | 24.9x | -874.9x | 3.8x |
| Fri, 24 Jan 2025 | CA$216.5b | CA$57.2b | -CA$434,935,860.64 | 23.3x | -497.7x | 3.8x |
| Sun, 22 Dec 2024 | CA$208.3b | CA$57.2b | -CA$441,614,430.53 | 26x | -471.6x | 3.6x |
| Tue, 19 Nov 2024 | CA$203.0b | CA$56.4b | -CA$388,938,457.47 | 23.4x | -521.9x | 3.6x |
| Thu, 17 Oct 2024 | CA$195.3b | CA$54.0b | -CA$570,460,350.46 | 22.9x | -342.3x | 3.6x |
| Sat, 14 Sep 2024 | CA$188.5b | CA$53.7b | -CA$619,421,373.09 | 22.7x | -304.3x | 3.5x |
| Mon, 12 Aug 2024 | CA$181.9b | CA$54.0b | -CA$648,884,803.11 | 22.1x | -280.3x | 3.4x |
| Wed, 10 Jul 2024 | CA$183.4b | CA$52.3b | -CA$1,387,090,489.35 | 31.4x | -132.2x | 3.5x |
| Fri, 07 Jun 2024 | CA$177.1b | CA$52.6b | -CA$1,409,664,203.63 | 27x | -125.6x | 3.4x |
| Sun, 05 May 2024 | CA$173.0b | CA$53.0b | -CA$1,574,142,904.23 | 23.8x | -109.9x | 3.3x |
| Tue, 02 Apr 2024 | CA$176.7b | CA$52.3b | -CA$2,935,091,342.61 | 21.8x | -60.2x | 3.4x |
| Thu, 29 Feb 2024 | CA$172.0b | CA$51.6b | -CA$886,735,492.15 | 20x | -193.9x | 3.3x |
| Sat, 27 Jan 2024 | CA$168.6b | CA$52.1b | -CA$2,246,820,765.00 | 20.2x | -75.1x | 3.2x |
| Mon, 25 Dec 2023 | CA$159.2b | CA$51.8b | -CA$2,305,763,197.00 | 20.9x | -69x | 3.1x |
| Wed, 22 Nov 2023 | CA$153.1b | CA$52.8b | -CA$2,489,666,282.00 | 22.6x | -61.5x | 2.9x |
| Fri, 20 Oct 2023 | CA$141.9b | CA$51.4b | -CA$2,586,221,852.00 | 22.7x | -54.9x | 2.8x |
| Sun, 17 Sep 2023 | CA$147.5b | CA$51.1b | -CA$2,650,174,678.00 | 23.3x | -55.7x | 2.9x |
| Tue, 15 Aug 2023 | CA$143.2b | CA$51.0b | -CA$2,633,851,870.00 | 20.5x | -54.4x | 2.8x |
| Thu, 13 Jul 2023 | CA$142.5b | CA$48.7b | -CA$2,332,533,701.00 | 21.3x | -61.1x | 2.9x |
| Sat, 10 Jun 2023 | CA$141.2b | CA$48.8b | -CA$2,629,950,597.00 | 22.6x | -53.7x | 2.9x |
| Mon, 08 May 2023 | CA$136.8b | CA$47.9b | -CA$1,924,331,176.00 | 24.3x | -71.1x | 2.9x |
| Wed, 05 Apr 2023 | CA$136.1b | CA$46.9b | -CA$1,988,326,854.00 | 28.5x | -68.4x | 2.9x |
| Fri, 03 Mar 2023 | CA$132.8b | CA$47.9b | -CA$1,115,422,866.00 | 23.9x | -119.1x | 2.8x |
| Sun, 29 Jan 2023 | CA$131.5b | CA$46.9b | CA$653.1m | 24.1x | 201.3x | 2.8x |
| Tue, 27 Dec 2022 | CA$120.0b | CA$46.7b | CA$632.3m | 21.2x | 189.7x | 2.6x |
| Thu, 24 Nov 2022 | CA$120.2b | CA$46.2b | CA$759.0m | 22.4x | 158.4x | 2.6x |
Price to Earnings Ratio
158.4x
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 -114x.
- 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 54% per year over the last three years.
- Revenues for these companies have grown 9.5% 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 | 1.62% | |
| Tech | -3.33% | |
| IT | 0.70% | |
| Tech Hardware | 0% | 0 |
| Communications | -1.40% | |
| Electronic Equipment and Components | -3.59% | |
| Software | -4.02% | |
| Semiconductors | -17.43% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 141x.
- Analysts are expecting annual earnings growth of 16.3%, which is higher than its past year's earnings growth of 6.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 19% 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 | |
|---|---|---|---|---|---|
| GIB.A CGI | CA$121.76 | 0.7% +CA$180.0m | -19.6% | PE15.9x | |
| TINY Tiny | CA$8.70 | 7.5% +CA$17.9m | -32.5% | PS1.3x | |
| GSI Gatekeeper Systems | CA$2.23 | -0.4% CA$13.3m | 254.0% | PS7.6x | |
| TOI Topicus.com | CA$128.90 | 0.1% +CA$11.7m | 8.0% | PE253.2x | |
| STC Sangoma Technologies | CA$7.21 | 3.7% +CA$8.7m | -18.6% | PS0.8x |
