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Canadian (TSX) IT Industry Analysis

UpdatedAug 11, 2026
DataAggregated Company Financials
Companies8
  • 7D2.2%
  • 3M20.4%
  • 1Y-20.4%
  • YTD-16.4%

The IT industry is up 2.2% in the last week, with CGI up 2.1%. Meanwhile, Sixty Six Capital actually underperformed within the industry, shrinking 13% in the last week. In contrast, the industry has lost 20% in the last 12 months. 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
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
Fri, 18 Aug 2023CA$32.8bCA$17.3bCA$1.4b31.8x22.9x1.9x
Price to Earnings Ratio

22.9x


Total Market Cap: CA$32.8bTotal Earnings: CA$1.4bTotal Revenue: CA$17.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 19.9x202420252026
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 12.9x which is lower than its 3-year average PE of 19.9x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 5.4% 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 Market2.57%
Tech3.18%
IT2.16%
Internet Services and Infrastructure4.33%
IT Consulting2.16%
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 19.4x.
    • 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
GIB.A CGICA$104.802.1%
+CA$447.8m		-20.1%PE12.4x
ALYA Alithya GroupCA$1.246.9%
+CA$7.7m		-49.8%PS0.3x
VEIL Integrated Quantum TechnologiesCA$0.658.3%
+CA$4.0m		261.1%PS326.9x
CCDS Carrier Connect Data SolutionsCA$1.209.1%
+CA$3.3m		66.7%PS23.4x
DM Datametrex AICA$0.03516.7%
+CA$762.9k		-58.8%PS0.7x

Latest News

HIDE
CA$0.14
Hydaway Digital
7D
12.0%
1Y
-6.7%
CCDS
CA$1.20
Carrier Connect Data Solutions
7D
9.1%
1Y
66.7%
VEIL
CA$0.65
Integrated Quantum Technologies
7D
8.3%
1Y
261.1%
GIB.A
CA$104.80
CGI
7D
2.1%
1Y
-20.1%
Narrative Update • Aug 04

GIB.A: Public Sector Contracts And AI Credentials Will Support Future Upside

The analyst price target for CGI has been adjusted from CA$147.00 to CA$150.00, reflecting mixed recent Street research in which some analysts raised their targets into the CA$108 to CA$120 range, while others reduced or maintained more cautious targets closer to CA$95 to CA$99. Analyst Commentary Recent Street commentary on CGI highlights a mix of optimism and caution, with bullish analysts pointing to upside potential in the stock while others flag valuation and execution risks.
DM
CA$0.035
Datametrex AI
7D
16.7%
1Y
-58.8%
ALYA
CA$1.24
Alithya Group
7D
6.9%
1Y
-49.8%
SONI
CA$0.10
SonicStrategy
7D
5.3%
1Y
-85.3%
SIX
CA$0.035
Sixty Six Capital
7D
-12.5%
1Y
-82.5%
NERD
CA$0.035
Nerds on Site
7D
-12.5%
1Y
40.0%