Kinaxis Inc.'s (TSE:KXS) Intrinsic Value Is Potentially 90% Above Its Share Price
Jan 05
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Canadian (TSX) Tech Sector Analysis
UpdatedJan 06, 2026
DataAggregated Company Financials
Companies117
- 7D-1.5%
- 3M-9.5%
- 1Y-1.2%
- YTD-0.6%
Over the last 7 days, the Tech industry has dropped 1.5%, driven by a pullback from Constellation Software of 3.2%. On the other hand Bitfarms is actually up 21%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 23% 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 |
|---|---|---|---|---|---|---|
| Wed, 07 Jan 2026 | CA$198.9b | CA$60.2b | CA$2.7b | 24.3x | 73.6x | 3.3x |
| Fri, 05 Dec 2025 | CA$209.1b | CA$60.7b | CA$2.7b | 27x | 76.8x | 3.4x |
| Sun, 02 Nov 2025 | CA$223.2b | CA$59.6b | CA$2.9b | 39.3x | 76.8x | 3.7x |
| Tue, 30 Sep 2025 | CA$205.7b | CA$58.3b | CA$2.7b | 39.3x | 77.1x | 3.5x |
| Thu, 28 Aug 2025 | CA$220.0b | CA$57.9b | CA$2.6b | 38.2x | 84.8x | 3.8x |
| Sat, 26 Jul 2025 | CA$229.0b | CA$55.8b | CA$2.4b | 46.3x | 95.3x | 4.1x |
| Mon, 23 Jun 2025 | CA$217.9b | CA$55.9b | CA$2.4b | 33.7x | 90.3x | 3.9x |
| Wed, 21 May 2025 | CA$225.2b | CA$56.2b | CA$3.2b | 29.6x | 70.4x | 4x |
| Fri, 18 Apr 2025 | CA$204.1b | CA$57.3b | CA$2.5b | 25.2x | 81.5x | 3.6x |
| Sun, 16 Mar 2025 | CA$206.5b | CA$58.7b | CA$2.2b | 23.1x | 95.4x | 3.5x |
| Tue, 11 Feb 2025 | CA$228.9b | CA$57.8b | -CA$288,425,641.72 | 21.8x | -793.5x | 4x |
| Thu, 09 Jan 2025 | CA$202.2b | CA$57.2b | -CA$444,314,711.13 | 24.4x | -455x | 3.5x |
| Sat, 07 Dec 2024 | CA$214.3b | CA$56.6b | -CA$379,852,975.60 | 25.3x | -564.2x | 3.8x |
| Mon, 04 Nov 2024 | CA$194.0b | CA$55.3b | -CA$302,779,037.30 | 23.1x | -640.6x | 3.5x |
| Wed, 02 Oct 2024 | CA$192.7b | CA$53.5b | -CA$539,820,707.42 | 22.8x | -357x | 3.6x |
| Fri, 30 Aug 2024 | CA$187.1b | CA$53.5b | -CA$595,310,465.27 | 21.9x | -314.3x | 3.5x |
| Sun, 28 Jul 2024 | CA$195.5b | CA$53.4b | -CA$1,372,615,709.43 | 31.8x | -142.5x | 3.7x |
| Tue, 25 Jun 2024 | CA$174.9b | CA$52.5b | -CA$1,375,546,059.79 | 25.2x | -127.2x | 3.3x |
| Thu, 23 May 2024 | CA$175.9b | CA$52.6b | -CA$1,468,864,891.60 | 26x | -119.7x | 3.3x |
| Sat, 20 Apr 2024 | CA$174.9b | CA$52.8b | -CA$2,417,975,119.78 | 23.2x | -72.3x | 3.3x |
| Mon, 18 Mar 2024 | CA$172.6b | CA$52.2b | -CA$2,932,075,509.80 | 21.3x | -58.9x | 3.3x |
| Wed, 14 Feb 2024 | CA$164.5b | CA$51.4b | -CA$898,500,002.77 | 18.8x | -183x | 3.2x |
| Fri, 12 Jan 2024 | CA$162.0b | CA$52.0b | -CA$2,240,948,558.00 | 21.8x | -72.3x | 3.1x |
| Sun, 10 Dec 2023 | CA$158.9b | CA$52.6b | -CA$2,509,753,523.00 | 22.1x | -63.3x | 3x |
| Tue, 07 Nov 2023 | CA$144.0b | CA$51.8b | -CA$2,721,118,492.00 | 23.1x | -52.9x | 2.8x |
| Thu, 05 Oct 2023 | CA$141.2b | CA$51.4b | -CA$2,596,172,868.00 | 23.1x | -54.4x | 2.7x |
| Sat, 02 Sep 2023 | CA$148.8b | CA$51.2b | -CA$2,629,719,748.00 | 24.3x | -56.6x | 2.9x |
| Mon, 31 Jul 2023 | CA$144.4b | CA$49.4b | -CA$2,450,826,401.00 | 19.8x | -58.9x | 2.9x |
| Wed, 28 Jun 2023 | CA$141.4b | CA$48.5b | -CA$2,603,422,168.00 | 20.8x | -54.3x | 2.9x |
| Fri, 26 May 2023 | CA$138.1b | CA$49.1b | -CA$2,779,446,200.00 | 23.1x | -49.7x | 2.8x |
| Sun, 23 Apr 2023 | CA$137.7b | CA$47.4b | -CA$1,929,967,309.00 | 23.3x | -71.3x | 2.9x |
| Tue, 21 Mar 2023 | CA$127.6b | CA$46.7b | -CA$1,173,891,961.00 | 22.2x | -108.7x | 2.7x |
| Thu, 16 Feb 2023 | CA$137.1b | CA$47.6b | -CA$888,286,405.00 | 24.9x | -154.3x | 2.9x |
| Sat, 14 Jan 2023 | CA$127.7b | CA$46.4b | CA$629.2m | 23.3x | 202.9x | 2.8x |
Price to Earnings Ratio
202.9x
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 73.6x which is higher than its 3-year average PE of -118x.
- The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 63% per year over the last three years.
- Revenues for these companies have grown 9.1% 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 | 1.04% | |
| Tech | -1.55% | |
| Tech Hardware | 0% | 0 |
| Communications | -0.73% | |
| Electronic Equipment and Components | -0.76% | |
| IT | -1.53% | |
| Software | -1.85% | |
| Semiconductors | -6.51% | |
Industry PE
- Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 175x.
- Analysts are expecting annual earnings growth of 24.6%, which is higher than its past year's earnings growth of 6.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 27% 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 9.4% 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 | |
|---|---|---|---|---|---|
| BITF Bitfarms | CA$3.95 | 20.8% +CA$406.6m | 63.2% | PS6.2x | |
| PNG Kraken Robotics | CA$7.13 | 11.4% +CA$223.8m | 180.7% | PE132.6x | |
| HIVE HIVE Digital Technologies | CA$4.10 | 15.2% +CA$128.5m | -8.9% | PE20.6x | |
| BB BlackBerry | CA$5.34 | 2.9% +CA$88.5m | -8.4% | PE108.5x | |
| DDD Metavista3D | CA$1.30 | 66.7% +CA$59.2m | -48.4% | PB16.2x |
