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Canadian (TSX) IT Industry Analysis

UpdatedSep 20, 2026
DataAggregated Company Financials
Companies9
  • 7D-0.4%
  • 3M11.5%
  • 1Y-24.1%
  • YTD-22.7%

The IT is pretty flat in the last 7 days, but Martello Technologies Group has stood out, gaining 100%. Unfortunately though, the industry is down 24% over the past 12 months. Looking forward, earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Sep 2026CA$20.0bCA$17.0bCA$1.7b14.8x12.1x1.2x
Tue, 18 Aug 2026CA$21.0bCA$17.0bCA$1.7b10x12.6x1.2x
Thu, 16 Jul 2026CA$19.5bCA$16.9bCA$1.6b9.8x12.1x1.2x
Sat, 13 Jun 2026CA$19.8bCA$16.9bCA$1.6b10x12.3x1.2x
Mon, 11 May 2026CA$19.8bCA$16.9bCA$1.6b10.9x12.1x1.2x
Wed, 08 Apr 2026CA$22.1bCA$16.8bCA$1.6b10.3x13.5x1.3x
Fri, 06 Mar 2026CA$21.5bCA$16.8bCA$1.6b13x13.1x1.3x
Sun, 01 Feb 2026CA$25.1bCA$16.8bCA$1.6b13.2x15.4x1.5x
Tue, 30 Dec 2025CA$28.2bCA$16.5bCA$1.6b13.7x17.2x1.7x
Thu, 27 Nov 2025CA$27.6bCA$16.5bCA$1.6b11.3x16.9x1.7x
Sat, 25 Oct 2025CA$27.5bCA$16.1bCA$1.7b15.8x16.1x1.7x
Mon, 22 Sep 2025CA$28.4bCA$16.1bCA$1.7b16.4x16.6x1.8x
Wed, 20 Aug 2025CA$29.0bCA$16.1bCA$1.7b45.7x17x1.8x
Fri, 18 Jul 2025CA$31.0bCA$15.7bCA$1.7b40.4x18x2x
Sun, 15 Jun 2025CA$33.0bCA$15.7bCA$1.7b18.7x19.1x2.1x
Tue, 13 May 2025CA$33.0bCA$15.7bCA$1.7b10.2x19.2x2.1x
Thu, 10 Apr 2025CA$32.1bCA$18.0bCA$1.5b10x20.9x1.8x
Sat, 08 Mar 2025CA$34.5bCA$18.0bCA$1.5b10.8x22.4x1.9x
Mon, 03 Feb 2025CA$39.3bCA$18.0bCA$1.5b12.6x25.4x2.2x
Wed, 01 Jan 2025CA$36.1bCA$17.8bCA$1.5b11.8x24.1x2x
Fri, 29 Nov 2024CA$36.4bCA$17.8bCA$1.5b11.8x24.4x2x
Sun, 27 Oct 2024CA$36.3bCA$17.7bCA$1.5b11.5x24.7x2x
Tue, 24 Sep 2024CA$35.5bCA$17.7bCA$1.5b11x24.2x2x
Thu, 22 Aug 2024CA$34.7bCA$17.7bCA$1.5b10.3x23.5x2x
Sat, 20 Jul 2024CA$34.1bCA$17.7bCA$1.6b10.2x21.1x1.9x
Mon, 17 Jun 2024CA$32.2bCA$17.7bCA$1.6b9.6x20.2x1.8x
Wed, 15 May 2024CA$33.0bCA$17.8bCA$1.6b9.9x21x1.9x
Fri, 12 Apr 2024CA$34.4bCA$17.8bCA$1.5b6.3x22.8x1.9x
Sun, 10 Mar 2024CA$37.8bCA$17.8bCA$1.5b6.3x24.8x2.1x
Tue, 06 Feb 2024CA$36.0bCA$17.8bCA$1.5b11.1x24x2x
Thu, 04 Jan 2024CA$33.0bCA$17.7bCA$1.5b10.1x22.7x1.9x
Sat, 02 Dec 2023CA$33.2bCA$17.7bCA$1.5b10.3x22.8x1.9x
Mon, 30 Oct 2023CA$31.2bCA$17.3bCA$1.4b33.8x21.8x1.8x
Wed, 27 Sep 2023CA$32.3bCA$17.3bCA$1.4b34.3x22.6x1.9x
Price to Earnings Ratio

22.6x


Total Market Cap: CA$32.3bTotal Earnings: CA$1.4bTotal Revenue: CA$17.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 19.5x202420252026
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 12.4x which is lower than its 3-year average PE of 19.5x.
  • 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 Market0.19%
Tech-0.98%
IT-0.40%
Internet Services and Infrastructure0.64%
Data Processing Services0%0
IT Consulting-0.40%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 19.1x.
    • Analysts are expecting annual earnings growth of 7.4%, 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 7.4% 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 7.4% 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
MTLO Martello Technologies GroupCA$0.01100.0%
+CA$2.9m		-33.3%PS0.5x
SIX Sixty Six CapitalCA$0.0414.3%
+CA$1.2m		-63.6%PB1x
SONI SonicStrategyCA$0.129.1%
+CA$496.2k		-81.8%PS7.9x

Latest News

ALYA
CA$1.06
Alithya Group
7D
-7.8%
1Y
-35.8%
Narrative Update • Sep 17

ALYA: Execution Turnaround And Review Process May Drive Future Upside Potential

Analysts have lowered the Alithya Group price target from CA$1.45 to CA$1.27 as they account for extended sales cycles, a weaker outlook, and limited visibility on when revenue growth might return. Analyst Commentary Recent commentary on Alithya Group reflects a mixed setup, with some analysts focusing on potential upside if execution improves, while others concentrate on near term risks tied to sales cycles and revenue visibility.
GIB.A
CA$97.01
CGI
7D
-0.3%
1Y
-24.0%
QNTA
CA$0.04
Quanta AI
7D
-11.1%
1Y
-55.6%
NERD
CA$0.03
Nerds on Site
7D
-14.3%
1Y
20.0%
HIDE
CA$0.10
Hydaway Digital
7D
-12.5%
1Y
-47.5%
ECOM
CA$0.085
EMERGE Commerce
7D
-5.6%
1Y
-10.5%
CCDS
CA$1.20
Carrier Connect Data Solutions
7D
-3.2%
1Y
39.5%
PVT
CA$1.10
Pivotree
7D
-4.3%
1Y
-30.4%
MTLO
CA$0.01
Martello Technologies Group
7D
100.0%
1Y
-33.3%
SONI
CA$0.12
SonicStrategy
7D
9.1%
1Y
-81.8%
SIX
CA$0.04
Sixty Six Capital
7D
14.3%
1Y
-63.6%