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Canadian (TSX) IT Industry Analysis

UpdatedSep 13, 2026
DataAggregated Company Financials
Companies9
  • 7D-4.5%
  • 3M5.7%
  • 1Y-24.8%
  • YTD-22.4%

Over the last 7 days, the IT industry has dropped 4.5%, driven by a pullback from CGI of 4.6%. Overall the industry is down 25% in 12 months. As for the next few years, earnings are expected to grow by 7.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Sep 2026CA$20.1bCA$17.0bCA$1.7b15.2x12.1x1.2x
Tue, 11 Aug 2026CA$21.6bCA$17.0bCA$1.7b10.4x12.9x1.3x
Thu, 09 Jul 2026CA$20.3bCA$16.9bCA$1.6b9.8x12.6x1.2x
Sat, 06 Jun 2026CA$19.9bCA$16.9bCA$1.6b10.2x12.2x1.2x
Mon, 04 May 2026CA$19.2bCA$16.9bCA$1.6b10.8x11.7x1.1x
Wed, 01 Apr 2026CA$21.7bCA$16.8bCA$1.6b10.8x13.3x1.3x
Fri, 27 Feb 2026CA$20.9bCA$16.8bCA$1.6b12.8x12.8x1.2x
Sun, 25 Jan 2026CA$26.5bCA$16.5bCA$1.6b13.7x16.2x1.6x
Tue, 23 Dec 2025CA$28.1bCA$16.5bCA$1.6b13.6x17.2x1.7x
Thu, 20 Nov 2025CA$26.3bCA$16.5bCA$1.6b11.6x16.1x1.6x
Sat, 18 Oct 2025CA$27.3bCA$16.1bCA$1.7b15.7x15.9x1.7x
Mon, 15 Sep 2025CA$28.8bCA$16.1bCA$1.7b16.7x16.8x1.8x
Wed, 13 Aug 2025CA$29.3bCA$16.1bCA$1.7b60.2x17.2x1.8x
Fri, 11 Jul 2025CA$31.6bCA$15.7bCA$1.7b37.7x18.3x2x
Sun, 08 Jun 2025CA$33.1bCA$15.7bCA$1.7b16x19.2x2.1x
Tue, 06 May 2025CA$32.4bCA$15.7bCA$1.7b10.2x18.8x2.1x
Thu, 03 Apr 2025CA$33.6bCA$18.0bCA$1.5b10.3x21.8x1.9x
Sat, 01 Mar 2025CA$37.0bCA$18.0bCA$1.5b10.8x24x2.1x
Mon, 27 Jan 2025CA$37.0bCA$17.8bCA$1.5b12.5x24.7x2.1x
Wed, 25 Dec 2024CA$36.5bCA$17.8bCA$1.5b11.8x24.4x2x
Fri, 22 Nov 2024CA$35.5bCA$17.8bCA$1.5b12x23.7x2x
Sun, 20 Oct 2024CA$37.3bCA$17.7bCA$1.5b11.8x25.4x2.1x
Tue, 17 Sep 2024CA$36.5bCA$17.7bCA$1.5b11.1x24.8x2.1x
Thu, 15 Aug 2024CA$34.2bCA$17.8bCA$1.5b10.2x23.3x1.9x
Sat, 13 Jul 2024CA$33.4bCA$17.7bCA$1.6b10.1x20.8x1.9x
Mon, 10 Jun 2024CA$32.8bCA$17.8bCA$1.6b9.8x20.8x1.8x
Wed, 08 May 2024CA$33.7bCA$17.8bCA$1.6b6.3x21.5x1.9x
Fri, 05 Apr 2024CA$35.2bCA$17.8bCA$1.5b6.3x23.1x2x
Sun, 03 Mar 2024CA$37.6bCA$17.8bCA$1.5b11.5x24.8x2.1x
Tue, 30 Jan 2024CA$35.4bCA$17.7bCA$1.5b11x24.3x2x
Thu, 28 Dec 2023CA$34.1bCA$17.7bCA$1.5b10.5x23.5x1.9x
Sat, 25 Nov 2023CA$33.3bCA$17.7bCA$1.5b10.2x22.8x1.9x
Mon, 23 Oct 2023CA$32.2bCA$17.3bCA$1.4b34.1x22.5x1.9x
Wed, 20 Sep 2023CA$33.3bCA$17.3bCA$1.4b36.7x23.3x1.9x
Price to Earnings Ratio

23.3x


Total Market Cap: CA$33.3bTotal Earnings: CA$1.4bTotal Revenue: CA$17.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 19.6x202420252026
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 12.1x which is lower than its 3-year average PE of 19.6x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 5.1% 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 Market-1.83%
Tech-1.07%
IT-4.54%
Data Processing Services0%0
Internet Services and Infrastructure-2.26%
IT Consulting-4.54%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 19.2x.
    • Analysts are expecting annual earnings growth of 7.5%, which is higher than its past year's earnings growth of 1.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 7.5% over the next 5 years.
  • This is better than its past earnings growth rate of 1.2% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 7.5% 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$1.152.7%
+CA$2.9m		-29.4%PS0.2x
DM Quanta AICA$0.04550.0%
+CA$2.3m		-43.8%PS0.9x
ECOM EMERGE CommerceCA$0.0912.5%
+CA$1.8m		5.9%PS0.6x
NERD Nerds on SiteCA$0.03516.7%
+CA$472.5k		40.0%PS0.2x

Latest News

GIB.A
CA$97.35
CGI
7D
-4.6%
1Y
-24.7%
DM
CA$0.045
Quanta AI
7D
50.0%
1Y
-43.8%
ALYA
CA$1.15
Alithya Group
7D
2.7%
1Y
-29.4%
Narrative Update • Sep 03

ALYA: Extended Sales Cycles And Review Process Will Shape Future Margin Prospects

The analyst price target for Alithya Group has been revised lower from CA$1.25 to CA$1.00 as analysts factor in weaker revenue trends, a thinner projected profit margin, a higher discount rate, and a higher assumed future P/E multiple following recent downgrades and comments about extended sales cycles and limited visibility on a return to revenue growth. Analyst Commentary on Alithya Group Recent research on Alithya Group highlights a shift toward more cautious views, with several bearish analysts revising ratings and price targets as they reassess the company’s execution risk, growth outlook, and valuation support.
NERD
CA$0.035
Nerds on Site
7D
16.7%
1Y
40.0%
HIDE
CA$0.12
Hydaway Digital
7D
-7.7%
1Y
-40.0%
ECOM
CA$0.09
EMERGE Commerce
7D
12.5%
1Y
5.9%
CCDS
CA$1.24
Carrier Connect Data Solutions
7D
-3.1%
1Y
45.9%
PVT
CA$1.15
Pivotree
7D
-5.7%
1Y
-32.4%
MTLO
CA$0.005
Martello Technologies Group
7D
-50.0%
1Y
-50.0%