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Canadian (TSX) Tech Sector Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies115
  • 7D-1.1%
  • 3M-19.0%
  • 1Y-25.8%
  • YTD-14.9%

Over the last 7 days, the Tech industry has dropped 1.1%, driven by Constellation Software declining 3.1%. In contrast, Celestica has gained 9.7%. However, the industry is down 26% over the past year. Looking forward, 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
Sat, 07 Feb 2026CA$168.7bCA$61.7bCA$2.9b26.1x57.8x2.7x
Mon, 05 Jan 2026CA$200.2bCA$60.1bCA$2.7b24.3x74.1x3.3x
Wed, 03 Dec 2025CA$204.4bCA$60.8bCA$2.7b27.1x75x3.4x
Fri, 31 Oct 2025CA$216.8bCA$59.5bCA$2.9b39.3x74.4x3.6x
Sun, 28 Sep 2025CA$205.9bCA$58.4bCA$2.7b38.8x77.1x3.5x
Tue, 26 Aug 2025CA$222.7bCA$58.2bCA$2.6b41.1x85.7x3.8x
Thu, 24 Jul 2025CA$227.1bCA$55.5bCA$2.4b44.5x94.7x4.1x
Sat, 21 Jun 2025CA$220.0bCA$55.9bCA$2.4b33.7x91.1x3.9x
Mon, 19 May 2025CA$225.2bCA$56.4bCA$3.2b29.4x70.3x4x
Wed, 16 Apr 2025CA$199.3bCA$57.6bCA$2.5b24.9x79.6x3.5x
Fri, 14 Mar 2025CA$208.2bCA$58.9bCA$2.2b22.4x95.5x3.5x
Sun, 09 Feb 2025CA$228.9bCA$57.7b-CA$288,023,684.4121.8x-794.6x4x
Tue, 07 Jan 2025CA$210.4bCA$57.1b-CA$437,802,149.9524.9x-480.6x3.7x
Thu, 05 Dec 2024CA$212.6bCA$56.4b-CA$371,760,852.7625x-572x3.8x
Sat, 02 Nov 2024CA$190.6bCA$55.2b-CA$578,166,086.7523.1x-329.6x3.4x
Mon, 30 Sep 2024CA$191.1bCA$53.5b-CA$541,836,049.9722.1x-352.8x3.6x
Wed, 28 Aug 2024CA$189.6bCA$53.4b-CA$597,910,154.2823.5x-317.1x3.6x
Fri, 26 Jul 2024CA$190.5bCA$53.4b-CA$1,372,194,916.3231.2x-138.9x3.6x
Sun, 23 Jun 2024CA$174.9bCA$52.6b-CA$1,383,323,604.1624.8x-126.5x3.3x
Tue, 21 May 2024CA$175.4bCA$52.4b-CA$1,457,303,752.0530.2x-120.3x3.3x
Thu, 18 Apr 2024CA$175.4bCA$52.8b-CA$2,411,271,065.8022x-72.8x3.3x
Sat, 16 Mar 2024CA$173.0bCA$52.2b-CA$2,936,027,742.6921.3x-58.9x3.3x
Mon, 12 Feb 2024CA$168.3bCA$51.2b-CA$993,982,923.3118.8x-169.3x3.3x
Wed, 10 Jan 2024CA$160.4bCA$52.0b-CA$2,241,531,748.0021.8x-71.6x3.1x
Fri, 08 Dec 2023CA$157.0bCA$52.6b-CA$2,511,605,680.0021.6x-62.5x3x
Sun, 05 Nov 2023CA$144.0bCA$51.8b-CA$2,713,954,616.0022.7x-53.1x2.8x
Tue, 03 Oct 2023CA$142.1bCA$51.3b-CA$2,576,764,974.0023.1x-55.2x2.8x
Thu, 31 Aug 2023CA$146.9bCA$51.1b-CA$2,653,965,176.0024.2x-55.3x2.9x
Sat, 29 Jul 2023CA$142.4bCA$49.4b-CA$2,450,826,241.0019.8x-58.1x2.9x
Mon, 26 Jun 2023CA$139.3bCA$48.5b-CA$2,606,482,614.0020.5x-53.4x2.9x
Wed, 24 May 2023CA$138.7bCA$48.9b-CA$2,757,454,549.0022.9x-50.3x2.8x
Fri, 21 Apr 2023CA$136.0bCA$46.9b-CA$1,955,939,189.0023.2x-69.6x2.9x
Sun, 19 Mar 2023CA$134.2bCA$48.0b-CA$1,131,130,446.0022.5x-118.7x2.8x
Tue, 14 Feb 2023CA$134.9bCA$47.5b-CA$887,238,306.0023.9x-152.1x2.8x
Price to Earnings Ratio

-152.1x


Total Market Cap: CA$134.9bTotal Earnings: -CA$887,238,306.00Total Revenue: CA$47.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Tech Sector Price to Earnings3Y Average -120.9x202420252026
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 57.8x which is higher than its 3-year average PE of -121x.
  • The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 9.1% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Tech sector?

CA Market2.07%
Tech-1.10%
Electronic Equipment and Components8.86%
Tech Hardware0%0
Communications-0.74%
IT-3.24%
Software-5.19%
Semiconductors-9.02%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 201x.
    • Analysts are expecting annual earnings growth of 24.4%, which is higher than its past year's earnings growth of 12.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 31% 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 9.1% 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
CLS CelesticaCA$419.629.7%
+CA$4.3b		126.5%PE42.4x
ABXX Abaxx TechnologiesCA$43.002.9%
+CA$44.0m		298.9%PS1940.7x
PNG Kraken RoboticsCA$8.101.5%
+CA$37.2m		211.5%PE150.8x
CTRL Edge Total IntelligenceCA$0.9537.7%
+CA$22.8m		79.2%PS25.8x
VERS VERSES AICA$2.60205.9%
+CA$22.2m		-93.0%PS60.3x

Latest News

LSPD
CA$12.65
Lightspeed Commerce
7D
-13.9%
1Y
-32.6%
CTRL
CA$0.95
Edge Total Intelligence
7D
37.7%
1Y
79.2%
LMN
CA$20.00
Lumine Group
7D
-10.8%
1Y
-49.2%

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Feb 06
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FTG
CA$15.00
Firan Technology Group
7D
2.8%
1Y
79.2%
KXS
CA$127.42
Kinaxis
7D
-7.3%
1Y
-23.0%

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BITF
CA$2.92
Bitfarms
7D
-7.6%
1Y
43.8%

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Narrative Update: Bitfarms Analyst Price Target Shift Analysts have trimmed their price target on Bitfarms by a small amount to reflect increased focus on liquidity risk and a less supportive regulatory backdrop for crypto, while keeping only minor adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent research commentary on Bitfarms has shifted toward risk control, with a particular focus on liquidity and the policy backdrop for crypto.
CLS
CA$419.62
Celestica
7D
9.7%
1Y
126.5%
GIB.A
CA$112.92
CGI
7D
-3.2%
1Y
-33.7%

GIB.A: Future Returns Will Rely On Consistent Execution And Share Repurchases

Analysts have trimmed their price target on CGI to about $151 from $154, reflecting slightly lower assumed profit margins and P/E multiples, even as they factor in modestly higher revenue growth following a mix of target cuts and one increase in recent research updates. Analyst Commentary Recent research on CGI shows a split between analysts who see upside based on execution and those who are more cautious given growth mix and valuation assumptions.
TOI
CA$94.72
Topicus.com
7D
-6.2%
1Y
-33.3%

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Feb 04
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CSU
CA$2,434.02
Constellation Software
7D
-3.1%
1Y
-50.4%

Constellation Software Inc.'s (TSE:CSU) 29% Cheaper Price Remains In Tune With Earnings

Feb 04
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DSG
CA$91.25
Descartes Systems Group
7D
-10.3%
1Y
-46.7%
RAIL
CA$0.37
Railtown AI Technologies
7D
7.2%
1Y
-38.3%
PNG
CA$8.10
Kraken Robotics
7D
1.5%
1Y
211.5%
VERS
CA$2.60
VERSES AI
7D
205.9%
1Y
-93.0%
ET
CA$14.53
Evertz Technologies
7D
0.5%
1Y
26.3%
ABXX
CA$43.00
Abaxx Technologies
7D
2.9%
1Y
298.9%