Canadian (TSX) Tech Sector Analysis

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
Wed, 22 Jul 2026	CA$182.9b	CA$66.3b	CA$3.7b	21.8x	48.9x	2.8x
Fri, 19 Jun 2026	CA$200.1b	CA$66.5b	CA$3.8b	22.8x	53.1x	3x
Sun, 17 May 2026	CA$183.1b	CA$65.2b	CA$3.0b	32.3x	61.8x	2.8x
Tue, 14 Apr 2026	CA$175.9b	CA$62.7b	CA$2.5b	34.9x	69.4x	2.8x
Thu, 12 Mar 2026	CA$176.6b	CA$62.3b	CA$2.6b	36.7x	68.7x	2.8x
Sat, 07 Feb 2026	CA$168.7b	CA$61.7b	CA$2.9b	26.1x	57.8x	2.7x
Mon, 05 Jan 2026	CA$200.2b	CA$60.1b	CA$2.7b	24.3x	74.1x	3.3x
Wed, 03 Dec 2025	CA$204.4b	CA$60.8b	CA$2.7b	27.1x	75x	3.4x
Fri, 31 Oct 2025	CA$216.8b	CA$59.5b	CA$2.9b	39.3x	74.4x	3.6x
Sun, 28 Sep 2025	CA$205.9b	CA$58.4b	CA$2.7b	38.8x	77.1x	3.5x
Tue, 26 Aug 2025	CA$222.7b	CA$58.2b	CA$2.6b	41.1x	85.7x	3.8x
Thu, 24 Jul 2025	CA$227.1b	CA$55.5b	CA$2.4b	44.5x	94.7x	4.1x
Sat, 21 Jun 2025	CA$220.0b	CA$55.9b	CA$2.4b	33.7x	91.1x	3.9x
Mon, 19 May 2025	CA$225.2b	CA$56.4b	CA$3.2b	29.4x	70.3x	4x
Wed, 16 Apr 2025	CA$199.3b	CA$57.6b	CA$2.5b	24.9x	79.6x	3.5x
Fri, 14 Mar 2025	CA$208.2b	CA$58.9b	CA$2.2b	22.4x	95.5x	3.5x
Sun, 09 Feb 2025	CA$228.9b	CA$57.7b	-CA$288,023,684.41	21.8x	-794.6x	4x
Tue, 07 Jan 2025	CA$210.4b	CA$57.1b	-CA$437,802,149.95	24.9x	-480.6x	3.7x
Thu, 05 Dec 2024	CA$212.6b	CA$56.4b	-CA$371,760,852.76	25x	-572x	3.8x
Sat, 02 Nov 2024	CA$190.6b	CA$55.2b	-CA$578,166,086.75	23.1x	-329.6x	3.4x
Mon, 30 Sep 2024	CA$191.1b	CA$53.5b	-CA$541,836,049.97	22.1x	-352.8x	3.6x
Wed, 28 Aug 2024	CA$189.6b	CA$53.4b	-CA$597,910,154.28	23.5x	-317.1x	3.6x
Fri, 26 Jul 2024	CA$190.5b	CA$53.4b	-CA$1,372,194,916.32	31.2x	-138.9x	3.6x
Sun, 23 Jun 2024	CA$174.9b	CA$52.6b	-CA$1,383,323,604.16	24.8x	-126.5x	3.3x
Tue, 21 May 2024	CA$175.4b	CA$52.4b	-CA$1,457,303,752.05	30.2x	-120.3x	3.3x
Thu, 18 Apr 2024	CA$175.4b	CA$52.8b	-CA$2,411,271,065.80	22x	-72.8x	3.3x
Sat, 16 Mar 2024	CA$173.0b	CA$52.2b	-CA$2,936,027,742.69	21.3x	-58.9x	3.3x
Mon, 12 Feb 2024	CA$168.3b	CA$51.2b	-CA$993,982,923.31	18.8x	-169.3x	3.3x
Wed, 10 Jan 2024	CA$160.4b	CA$52.0b	-CA$2,241,531,748.00	21.8x	-71.6x	3.1x
Fri, 08 Dec 2023	CA$157.0b	CA$52.6b	-CA$2,511,605,680.00	21.6x	-62.5x	3x
Sun, 05 Nov 2023	CA$144.0b	CA$51.8b	-CA$2,713,954,616.00	22.7x	-53.1x	2.8x
Tue, 03 Oct 2023	CA$142.1b	CA$51.3b	-CA$2,576,764,974.00	23.1x	-55.2x	2.8x
Thu, 31 Aug 2023	CA$146.9b	CA$51.1b	-CA$2,653,965,176.00	24.2x	-55.3x	2.9x
Sat, 29 Jul 2023	CA$142.4b	CA$49.4b	-CA$2,450,826,241.00	19.8x	-58.1x	2.9x

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 48.7x which is higher than its 3-year average PE of -92.6x.

The 3-year average PS ratio of 3.4x 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 10% 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 Market	0.17%
Tech	-1.97%
IT	2.04%
Tech Hardware	0%	0
Electronic Equipment and Components	-1.40%
Communications	-2.30%
Software	-2.92%
Semiconductors	-8.98%

Industry PE

Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 157x.

Analysts are expecting annual earnings growth of 20.1%, which is higher than its past year's earnings decline of 5.4% per year.

Forecasted Growth

Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 32% over the next 5 years.
However this is lower than its past earnings growth rate of 50% per year.

In contrast, the Semiconductors industry is expected to see its earnings decline by 18% 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$94.09	2.1% +CA$404.2m	-31.7%	PE11.8x
TOI Topicus.com	CA$92.39	2.2% +CA$164.6m	-50.4%	PE154x
LMN Lumine Group	CA$21.64	1.2% +CA$66.7m	-58.4%	PE33.7x
DCBO Docebo	CA$27.20	6.3% +CA$41.1m	-37.3%	PE14.2x
HIVE HIVE Digital Technologies	CA$4.57	2.5% +CA$29.4m	34.8%	PS2.9x

Aduro Clean Technologies And ECOCE Advance Mexico Plastics Collaboration To HCT Testing

Aduro Clean Technologies Inc. announced that its collaboration with ECOCE, A.C. has advanced to the next phase following completion of Phase 1 feedstock mapping and stream selection. Selected post-consumer flexible plastic packaging streams in Mexico are now moving into a Hydrochemolytic Technology test campaign to evaluate their conversion into liquid hydrocarbon products for downstream circular plastics applications. The collaboration is structured as a phased, data-driven evaluation of flexible plastic packaging collected through recovery systems in Mexico. Phase 1 drew on ECOCE’s ongoing national feedstock mapping program, conducted for its member companies, from which the parties completed the selection of candidate material streams for the next stage of work. Led by ECOCE, the mapping identified multiple post-consumer flexible packaging streams and assessed them for estimated availability, collection routes, physical form, contamination profile, and preparation requirements. The work identified candidate streams with sufficient available volume to support an industrially relevant evaluation and with material characteristics that warrant advancement to HCT testing. Flexible plastic packaging is one of the most difficult material categories to manage within existing recycling systems. These streams can include polyethylene, polypropylene, and multilayer packaging formats, along with inks, adhesives, mixed structures, small formats, and varying levels of contamination. For flexible packaging streams that are not well suited to mechanical or physical recycling, the collaboration is evaluating whether HCT can provide a route to recover hydrocarbon value from these materials and help return them to the plastics value chain. ECOCE has identified flexible plastic packaging as a major and growing material category in Mexico, with available data indicating that approximately 1,500,000 tonnes of flexible plastic packaging are generated annually in the country. Phase 1 has built on that market context by mapping candidate flexible and multilayer plastic packaging waste streams, including material categories, collection routes, geographic sourcing, and indicative contamination levels. The materials mapped through Phase 1 include flexible polypropylene packaging, flexible polyethylene packaging, and multilayer flexible packaging, including common post-consumer formats such as snack and cookie wrappers, grocery and bread bags, seed and grain packaging, pet food packaging, cold-cut and dairy packaging, and resealable pouch formats. The objective is to build an evidence-based understanding of how selected flexible packaging streams can move through a circular value chain: from post-consumer collection and characterization, through feedstock preparation and HCT conversion, to liquid hydrocarbon products for evaluation by petrochemical and polymer value chains. With Phase 1 complete and the next-phase testing program defined, the collaboration now moves into HCT testing of selected material streams. Aduro will begin with lab-scale evaluation to assess how selected Mexican flexible and multilayer plastic waste streams respond to HCT, including processability, product characteristics, yield, residues, contaminant behaviour, and mass balance. Successful lab-scale results will inform progression to Phase 3 testing on the Next Generation Process Pilot Plant to support scale-up assessment, customer evaluation, and future commercial analysis. Results from the next phase will give Aduro Clean Technologies Inc. and ECOCE, A.C. the technical and economic evidence to help assess material suitability, product quality, scale-up requirements, and future commercial options for returning difficult-to-recycle flexible packaging to the plastics value chain.

Canadian (TSX) Tech Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Now 22% overvalued

Kinaxis Inc. Announces Appointment of Herb Yeh to Chief Financial Officer, Effective July 27, 2026

GIB.A: Share Repurchases And Public Sector Wins Will Support Future Upside

Kraken Robotics Reports $35 Million in New Orders Across Key End Markets

Docebo Inc. (TSX:DCBO) announces an Equity Buyback for $70 million worth of its shares.

Topicus.com Inc. to Report Q2, 2026 Results on Aug 05, 2026

Constellation Software Inc. to Report Q2, 2026 Results on Aug 11, 2026

Aduro Clean Technologies And ECOCE Advance Mexico Plastics Collaboration To HCT Testing

New minor risk - Share price stability

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Descartes Systems Group Expands Latin American Footprint With Drivin Acquisition and AI Delivery Tools

Abaxx Exchange Trading Volumes Break New Records in June and Q2 2026

Lumine Group Inc. (TSXV : LMN) acquired Imagine Communications Corp.

HIVE Digital Technologies Lifts Convertible Note Offering to $115M for AI Data Center Buildout

Bitzero Holdings (CNSX:AIBZ.U) Stock Looks Rich After Norway Data Center Lease And Nasdaq Debut

New minor risk - Market cap size