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Canadian (TSX) IT Industry Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies8
  • 7D-1.1%
  • 3M-13.9%
  • 1Y-17.1%
  • YTD-19.0%

Over the last 7 days, the IT industry has dropped 1.1%, driven by CGI declining 1.1%. Overall the industry is down 17% in 12 months. Earnings are forecast to grow by 9.8% annually.

Industry Valuation and Performance

Has the Canadian IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Sep 2025CA$28.7bCA$16.1bCA$1.7b16.4x16.8x1.8x
Sat, 16 Aug 2025CA$28.9bCA$16.1bCA$1.7b49x16.9x1.8x
Mon, 14 Jul 2025CA$30.9bCA$15.7bCA$1.7b37.7x17.9x2x
Wed, 11 Jun 2025CA$33.1bCA$15.7bCA$1.7b16.1x19.3x2.1x
Fri, 09 May 2025CA$32.8bCA$15.7bCA$1.7b10x19x2.1x
Sun, 06 Apr 2025CA$32.2bCA$18.0bCA$1.5b9.7x20.9x1.8x
Tue, 04 Mar 2025CA$34.9bCA$18.0bCA$1.5b10.8x22.6x1.9x
Thu, 30 Jan 2025CA$37.9bCA$18.0bCA$1.5b12.3x24.5x2.1x
Sat, 28 Dec 2024CA$36.5bCA$17.8bCA$1.5b11.7x24.4x2x
Mon, 25 Nov 2024CA$36.1bCA$17.8bCA$1.5b11.7x24.1x2x
Wed, 23 Oct 2024CA$36.8bCA$17.7bCA$1.5b11.5x25.1x2.1x
Fri, 20 Sep 2024CA$35.7bCA$17.7bCA$1.5b11.1x24.3x2x
Sun, 18 Aug 2024CA$34.6bCA$17.7bCA$1.5b10.3x23.5x2x
Tue, 16 Jul 2024CA$33.7bCA$17.7bCA$1.6b10.1x20.9x1.9x
Thu, 13 Jun 2024CA$32.6bCA$17.8bCA$1.6b10.7x20.7x1.8x
Sat, 11 May 2024CA$33.1bCA$17.8bCA$1.6b6.3x21.1x1.9x
Mon, 08 Apr 2024CA$34.8bCA$17.8bCA$1.5b6.3x22.8x2x
Wed, 06 Mar 2024CA$37.6bCA$17.8bCA$1.5b11.4x24.8x2.1x
Fri, 02 Feb 2024CA$37.2bCA$17.9bCA$1.5b11.4x25.5x2.1x
Sun, 31 Dec 2023CA$34.2bCA$17.7bCA$1.5b10.5x23.5x1.9x
Tue, 28 Nov 2023CA$33.2bCA$17.7bCA$1.5b10.2x22.8x1.9x
Thu, 26 Oct 2023CA$31.8bCA$17.3bCA$1.4b33.6x22.2x1.8x
Sat, 23 Sep 2023CA$32.5bCA$17.3bCA$1.4b34.7x22.8x1.9x
Mon, 21 Aug 2023CA$32.4bCA$17.3bCA$1.4b32.4x22.7x1.9x
Wed, 19 Jul 2023CA$34.1bCA$16.8bCA$1.4b23.8x24.4x2x
Fri, 16 Jun 2023CA$33.8bCA$16.9bCA$1.4b22.7x24.3x2x
Sun, 14 May 2023CA$33.6bCA$16.9bCA$1.4b22.8x24x2x
Tue, 11 Apr 2023CA$32.0bCA$16.2bCA$1.4b27.3x23x2x
Thu, 09 Mar 2023CA$38.5bCA$17.7bCA$1.4b30.9x27.2x2.2x
Sat, 04 Feb 2023CA$37.9bCA$17.6bCA$1.4b39.4x26.9x2.1x
Mon, 02 Jan 2023CA$34.3bCA$17.3bCA$1.4b24.6x25.1x2x
Wed, 30 Nov 2022CA$34.7bCA$17.3bCA$1.4b23.5x24.9x2x
Fri, 28 Oct 2022CA$33.5bCA$16.7bCA$1.4b37.2x24.7x2x
Sun, 25 Sep 2022CA$31.2bCA$16.7bCA$1.4b34.4x23x1.9x
Price to Earnings Ratio

23x


Total Market Cap: CA$31.2bTotal Earnings: CA$1.4bTotal Revenue: CA$16.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 22.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 16.8x which is lower than its 3-year average PE of 22.9x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 8.0% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

CA Market0.29%
Tech-1.89%
IT-1.10%
Data Processing Services0%0
IT Consulting-1.08%
Internet Services and Infrastructure-14.32%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 21.4x.
    • Analysts are expecting annual earnings growth of 9.8%, which is higher than its past year's earnings growth of 2.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 9.8% over the next 5 years.
  • This is better than its past earnings growth rate of 2.5% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 9.8% 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
ALYA Alithya GroupCA$1.681.2%
+CA$2.0m		-6.7%PE39.6x
ICS Integrated Cyber SolutionsCA$0.264.0%
+CA$620.6k		420.0%PS57.1x

Latest News

DM
CA$0.075
Datametrex AI
7D
-6.3%
1Y
-75.0%
ALYA
CA$1.68
Alithya Group
7D
1.2%
1Y
-6.7%

Little Excitement Around Alithya Group Inc.'s (TSE:ALYA) Revenues As Shares Take 26% Pounding

Sep 02
Little Excitement Around Alithya Group Inc.'s (TSE:ALYA) Revenues As Shares Take 26% Pounding
PVT
CA$1.65
Pivotree
7D
-5.2%
1Y
63.4%

Pivotree Inc. (CVE:PVT) Surges 41% Yet Its Low P/S Is No Reason For Excitement

Aug 30
Pivotree Inc. (CVE:PVT) Surges 41% Yet Its Low P/S Is No Reason For Excitement
GIB.A
CA$127.27
CGI
7D
-1.1%
1Y
-17.2%
MTLO
CA$0.01
Martello Technologies Group
7D
-33.3%
1Y
0%
ICS
CA$0.26
Integrated Cyber Solutions
7D
4.0%
1Y
420.0%
CCDS
CA$0.80
Carrier Connect Data Solutions
7D
-5.9%
1Y
n/a
SIX
CA$0.085
Sixty Six Capital
7D
-22.7%
1Y
183.3%
CHIP.H
CA$0.035
Health Logic Interactive
7D
-12.5%
1Y
n/a