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Canadian (TSX) IT Industry Analysis

UpdatedJun 08, 2025
DataAggregated Company Financials
Companies8
  • 7D0.2%
  • 3M-2.0%
  • 1Y5.8%
  • YTD-6.1%

The IT industry has been flat over the last week, but Hydaway Digital has lost 21%. The past year has been better, since the industry has gained 5.8% in that time. Earnings are forecast to grow by 8.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 18 Aug 2023CA$32.8bCA$17.3bCA$1.4b31.8x22.9x1.9x
Sun, 16 Jul 2023CA$34.2bCA$16.8bCA$1.4b23.7x24.4x2x
Tue, 13 Jun 2023CA$33.7bCA$16.9bCA$1.4b23.8x24.3x2x
Thu, 11 May 2023CA$33.2bCA$16.9bCA$1.4b20.9x23.7x2x
Sat, 08 Apr 2023CA$31.7bCA$16.2bCA$1.4b24.2x22.7x1.9x
Mon, 06 Mar 2023CA$37.9bCA$17.6bCA$1.4b29.6x26.8x2.1x
Wed, 01 Feb 2023CA$35.8bCA$17.3bCA$1.4b31.8x25.4x2.1x
Fri, 30 Dec 2022CA$34.3bCA$17.3bCA$1.4b23.4x25.1x2x
Sun, 27 Nov 2022CA$34.5bCA$17.3bCA$1.4b23.5x25.3x2x
Tue, 25 Oct 2022CA$32.5bCA$16.8bCA$1.4b35.3x23.9x1.9x
Thu, 22 Sep 2022CA$31.9bCA$16.7bCA$1.4b36.8x23.5x1.9x
Sat, 20 Aug 2022CA$33.6bCA$16.7bCA$1.4b44.8x24.7x2x
Mon, 18 Jul 2022CA$33.2bCA$16.1bCA$1.3b52.8x25.4x2.1x
Wed, 15 Jun 2022CA$33.0bCA$16.1bCA$1.3b69.2x25x2.1x
Price to Earnings Ratio

25x


Total Market Cap: CA$33.0bTotal Earnings: CA$1.3bTotal Revenue: CA$16.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 23.6x202320242025
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 19.2x which is lower than its 3-year average PE of 23.6x.
  • 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 9.3% 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 Market0.89%
Tech-0.96%
IT0.16%
Internet Services and Infrastructure23.24%
IT Consulting0.14%
Data Processing Services0%0
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 21.5x.
    • Analysts are expecting annual earnings growth of 8.9%, which is higher than its past year's earnings growth of 6.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 8.9% over the next 5 years.
  • This is better than its past earnings growth rate of 6.0% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 8.9% 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
GIB.A CGICA$147.680.1%
+CA$33.3m		6.0%PE18.8x
ALYA Alithya GroupCA$1.858.2%
+CA$13.9m		-12.3%PS0.4x
CSTR CryptoStarCA$0.0233.3%
+CA$2.2m		-42.9%PS5.3x
SIX Sixty Six CapitalCA$0.0727.3%
+CA$2.2m		133.3%PE13.2x
CCDS Carrier Connect Data SolutionsCA$0.8015.9%
+CA$1.5m		n/aPS29.1x
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9.1%

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HIDE

CA$0.15

Hydaway Digital

7D

-21.1%

1Y

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SIX

CA$0.07

Sixty Six Capital

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27.3%

1Y

133.3%

ALYA

CA$1.85

Alithya Group

7D

8.2%

1Y

-12.3%

CSTR

CA$0.02

CryptoStar

7D

33.3%

1Y

-42.9%

CCDS

CA$0.80

Carrier Connect Data Solutions

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15.9%

1Y

n/a

PVT

CA$1.19

Pivotree

7D

1.7%

1Y

-12.5%

GIB.A

CA$147.68

CGI

7D

0.1%

1Y

6.0%