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Canadian (TSX) Tech Sector Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies114
  • 7D4.6%
  • 3M-14.8%
  • 1Y-9.5%
  • YTD-15.4%

In the last week, the Tech industry is up 4.6%, with Celestica up 14%. In the same time, Intellistake Technologies was down 20%. In the past year, the industry is down 9.5%. Earnings are forecast to grow by 25% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Apr 2026CA$169.9bCA$63.1bCA$2.5b35.6x67.7x2.7x
Wed, 04 Mar 2026CA$164.9bCA$61.9bCA$2.7b35.5x60.1x2.7x
Fri, 30 Jan 2026CA$187.4bCA$61.2bCA$2.9b27.3x65x3.1x
Sun, 28 Dec 2025CA$204.9bCA$59.9bCA$2.7b22.8x75.8x3.4x
Tue, 25 Nov 2025CA$198.3bCA$61.1bCA$2.7b22.3x72.6x3.2x
Thu, 23 Oct 2025CA$212.8bCA$58.5bCA$2.7b38.8x79.9x3.6x
Sat, 20 Sep 2025CA$225.7bCA$58.0bCA$2.7b39.6x84.5x3.9x
Mon, 18 Aug 2025CA$217.7bCA$58.0bCA$2.6b42.1x83.9x3.8x
Wed, 16 Jul 2025CA$228.9bCA$55.8bCA$2.4b38.9x95.2x4.1x
Fri, 13 Jun 2025CA$220.4bCA$55.5bCA$2.4b35.3x91.7x4x
Sun, 11 May 2025CA$219.7bCA$55.8bCA$3.2b26.5x68.1x3.9x
Tue, 08 Apr 2025CA$189.9bCA$58.2bCA$2.5b21.7x75.4x3.3x
Thu, 06 Mar 2025CA$211.4bCA$58.1b-CA$248,657,227.5423.6x-850.2x3.6x
Sat, 01 Feb 2025CA$223.8bCA$58.3b-CA$338,669,817.5822.1x-660.9x3.8x
Mon, 30 Dec 2024CA$210.8bCA$57.3b-CA$446,473,467.7725.5x-472.2x3.7x
Wed, 27 Nov 2024CA$209.3bCA$56.3b-CA$383,074,888.0126.7x-546.3x3.7x
Fri, 25 Oct 2024CA$193.1bCA$54.9b-CA$568,168,252.9924.1x-339.8x3.5x
Sun, 22 Sep 2024CA$191.5bCA$53.6b-CA$580,473,685.6123x-330x3.6x
Tue, 20 Aug 2024CA$188.1bCA$53.8b-CA$590,310,885.7622.1x-318.6x3.5x
Thu, 18 Jul 2024CA$190.5bCA$52.4b-CA$1,404,932,417.5732.2x-135.6x3.6x
Sat, 15 Jun 2024CA$175.8bCA$52.7b-CA$1,391,175,777.0528.1x-126.4x3.3x
Mon, 13 May 2024CA$174.0bCA$52.4b-CA$1,568,450,704.0327.7x-110.9x3.3x
Wed, 10 Apr 2024CA$175.3bCA$52.4b-CA$2,344,148,755.9921.1x-74.8x3.3x
Fri, 08 Mar 2024CA$176.1bCA$52.1b-CA$2,867,027,467.7822.1x-61.4x3.4x
Sun, 04 Feb 2024CA$174.6bCA$52.4b-CA$2,180,113,557.0019.7x-80.1x3.3x
Tue, 02 Jan 2024CA$159.4bCA$51.8b-CA$2,295,861,082.0020.4x-69.4x3.1x
Thu, 30 Nov 2023CA$154.1bCA$52.5b-CA$2,417,539,846.0022.7x-63.8x2.9x
Sat, 28 Oct 2023CA$135.7bCA$51.9b-CA$2,571,470,178.0021.7x-52.8x2.6x
Mon, 25 Sep 2023CA$140.2bCA$51.0b-CA$2,637,799,261.0024.1x-53.1x2.7x
Wed, 23 Aug 2023CA$142.0bCA$51.2b-CA$2,665,176,910.0023.7x-53.3x2.8x
Fri, 21 Jul 2023CA$146.1bCA$48.7b-CA$2,515,356,767.0021.3x-58.1x3x
Sun, 18 Jun 2023CA$142.2bCA$48.5b-CA$2,608,564,630.0021.1x-54.5x2.9x
Tue, 16 May 2023CA$139.4bCA$48.1b-CA$1,874,649,540.0021.9x-74.4x2.9x
Thu, 13 Apr 2023CA$136.9bCA$46.9b-CA$1,956,749,284.0028.5x-70x2.9x
Price to Earnings Ratio

-70x


Total Market Cap: CA$136.9bTotal Earnings: -CA$1,956,749,284.00Total Revenue: CA$46.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Tech Sector Price to Earnings3Y Average -111.2x202420252026
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 67.7x which is higher than its 3-year average PE of -111x.
  • 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 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 Market3.31%
Tech4.58%
Semiconductors19.23%
Electronic Equipment and Components5.41%
Software4.42%
IT4.29%
Communications1.25%
Tech Hardware0%0
Industry PE
  • Investors are most optimistic about the Electronic Equipment and Components industry even though it's trading below its 3-year average PE ratio of 134x.
    • Analysts are expecting annual earnings growth of 31.6%, which is lower than the prior year's growth of 65.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings growth rate of 2.8% 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$410.2114.5%
+CA$6.0b		309.5%PE40.6x
CSU Constellation SoftwareCA$2.44k2.3%
+CA$1.2b		-43.8%PE72.4x
XNDU Xanadu Quantum TechnologiesCA$11.595.4%
+CA$448.3m		n/aPS104.2x
GIB.A CGICA$103.002.0%
+CA$425.4m		-25.5%PE13.2x
ABXX Abaxx TechnologiesCA$52.3415.7%
+CA$260.7m		442.4%PS1839.6x

Latest News

GIB.A
CA$103.00
CGI
7D
2.0%
1Y
-25.5%

GIB.A: Future Upside Will Rely On AI Led Public Sector Contracts

Analyst price targets on CGI have been adjusted in a mixed way, with some firms trimming their views by CA$5 to CA$7 and others lifting targets by CA$8, as analysts factor in modest tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent research updates on CGI reflect a split view, with some analysts trimming price targets and others lifting them as they recalibrate models for discount rates, revenue outlook, margins, and P/E assumptions.
ABXX
CA$52.34
Abaxx Technologies
7D
15.7%
1Y
442.4%
PNG
CA$8.37
Kraken Robotics
7D
11.2%
1Y
291.1%
ET
CA$16.15
Evertz Technologies
7D
-0.9%
1Y
66.7%

ET: CA$17 Range And Steady Dividend Policy Will Shape Balanced Outlook

Analyst price targets for Evertz Technologies have moved higher into a CA$16 to CA$17.50 range, as analysts point to updated views on the company that support a fair value estimate of CA$17.25 with only minor adjustments to key model assumptions. Analyst Commentary Recent Street research on Evertz Technologies clusters around a tighter CA$16 to CA$17.50 price target band, with analysts updating their views while keeping existing recommendations in place.
ENA
CA$2.66
Enablence Technologies
7D
-17.6%
1Y
111.1%
XNDU
CA$11.59
Xanadu Quantum Technologies
7D
5.4%
1Y
n/a
CSU
CA$2,441.27
Constellation Software
7D
2.3%
1Y
-43.8%
MHUB
CA$0.60
Minehub Technologies
7D
-6.3%
1Y
17.6%
CLS
CA$410.21
Celestica
7D
14.5%
1Y
309.5%

CLS: AI Platform Collaboration And 2026 Outlook Will Support Further Upside

Analysts have made a modest adjustment to their CA$ price target on Celestica, reflecting an updated view of inputs such as discount rate, revenue growth, profit margin, and future P/E assumptions that remain broadly consistent with prior estimates. What's in the News Celestica and AMD agreed to collaborate on the Helios rack-scale AI platform, pairing AMD compute with Celestica’s networking switch design and manufacturing for Open Compute Project, Open-Rack-Wide systems targeting large AI clusters, with initial availability planned for late 2026 (Key Developments).
ONE
CA$0.38
01 Quantum
7D
-9.6%
1Y
53.1%
LMN
CA$23.00
Lumine Group
7D
4.2%
1Y
-43.5%
BB
CA$4.82
BlackBerry
7D
9.8%
1Y
15.0%
ISTK
CA$0.51
Intellistake Technologies
7D
-20.3%
1Y
292.3%
XTAO.U
US$0.62
xTAO
7D
-18.4%
1Y
n/a
DDD
CA$0.54
Metavista3D
7D
-14.3%
1Y
-70.8%
MKT
CA$0.27
Prospect Prediction Markets
7D
-18.5%
1Y
430.0%