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Canadian (TSX) Tech Sector Analysis
UpdatedApr 16, 2026
DataAggregated Company Financials
Companies115
- 7D12.7%
- 3M-3.4%
- 1Y-5.7%
- YTD-3.5%
In the last week, the Tech industry is up 13%, with Celestica up 18%. Meanwhile, Firan Technology Group actually underperformed within the industry, shrinking 6.7% in the last week. In the past year, the industry is down 5.7%. As for the next few years, earnings are expected to grow by 25% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 16 Apr 2026 | CA$189.7b | CA$62.5b | CA$2.5b | 36.2x | 74.9x | 3x |
| Sat, 14 Mar 2026 | CA$167.2b | CA$62.8b | CA$2.6b | 35x | 64.7x | 2.7x |
| Mon, 09 Feb 2026 | CA$170.7b | CA$61.7b | CA$2.9b | 26.1x | 58.5x | 2.8x |
| Wed, 07 Jan 2026 | CA$198.9b | CA$60.3b | CA$2.7b | 24.4x | 73.4x | 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 |
Price to Earnings Ratio
-71.3x
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 74.9x which is higher than its 3-year average PE of -110x.
- The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 3.0x.
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 9.7% 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 | 1.73% | |
| Tech | 12.71% | |
| Semiconductors | 18.60% | |
| Electronic Equipment and Components | 17.05% | |
| Software | 8.13% | |
| IT | 2.06% | |
| Communications | 1.32% | |
| Tech Hardware | 0% | 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 31.4%, 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CLS Celestica | CA$524.80 | 18.4% +CA$9.4b | 369.9% | PE52.8x | |
| XNDU Xanadu Quantum Technologies | CA$34.43 | 227.3% +CA$7.1b | n/a | PS2167.7x | |
| CSU Constellation Software | CA$2.63k | 9.0% +CA$4.6b | -44.2% | PE79.3x | |
| TOI Topicus.com | CA$99.70 | 7.4% +CA$572.5m | -36.5% | PE122.8x | |
| DSG Descartes Systems Group | CA$99.70 | 7.1% +CA$569.5m | -30.3% | PE38.1x |