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Canadian (TSX) IT Industry Analysis

UpdatedAug 06, 2026
DataAggregated Company Financials
Companies8
  • 7D-3.0%
  • 3M9.2%
  • 1Y-23.6%
  • YTD-18.8%

Over the last 7 days, the IT industry has dropped 3.0%, driven by a pullback from CGI of 3.1%. On the other hand Alithya Group is actually up 13%. However, the industry is down 24% over the past year. 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
Thu, 06 Aug 2026CA$21.7bCA$17.0bCA$1.7b10.2x13x1.3x
Sat, 04 Jul 2026CA$19.9bCA$16.9bCA$1.6b9.8x12.4x1.2x
Mon, 01 Jun 2026CA$20.4bCA$16.9bCA$1.6b10.4x12.5x1.2x
Wed, 29 Apr 2026CA$21.6bCA$16.8bCA$1.6b10.3x13.2x1.3x
Fri, 27 Mar 2026CA$21.5bCA$16.8bCA$1.6b12.7x13.2x1.3x
Sun, 22 Feb 2026CA$21.9bCA$16.8bCA$1.6b12.9x13.4x1.3x
Tue, 20 Jan 2026CA$27.6bCA$16.5bCA$1.6b13.6x16.9x1.7x
Thu, 18 Dec 2025CA$27.9bCA$16.5bCA$1.6b13.3x17.1x1.7x
Sat, 15 Nov 2025CA$26.9bCA$16.5bCA$1.7b15.9x16.3x1.6x
Mon, 13 Oct 2025CA$27.7bCA$16.1bCA$1.7b16x16.2x1.7x
Wed, 10 Sep 2025CA$29.5bCA$16.1bCA$1.7b17.1x17.2x1.8x
Fri, 08 Aug 2025CA$29.6bCA$16.1bCA$1.7b58.7x17.5x1.8x
Sun, 06 Jul 2025CA$32.2bCA$15.7bCA$1.7b40.4x18.7x2.1x
Tue, 03 Jun 2025CA$33.0bCA$15.7bCA$1.7b14.6x19.2x2.1x
Thu, 01 May 2025CA$33.6bCA$15.4bCA$1.7b10.3x19.5x2.2x
Sat, 29 Mar 2025CA$33.1bCA$18.0bCA$1.5b10x21.5x1.8x
Mon, 24 Feb 2025CA$37.2bCA$18.0bCA$1.5b11.6x24.1x2.1x
Wed, 22 Jan 2025CA$36.2bCA$17.8bCA$1.5b12.2x24.2x2x
Fri, 20 Dec 2024CA$35.7bCA$17.8bCA$1.5b12x23.8x2x
Sun, 17 Nov 2024CA$35.0bCA$17.8bCA$1.5b11.3x23.4x2x
Tue, 15 Oct 2024CA$36.9bCA$17.7bCA$1.5b11.6x25.1x2.1x
Thu, 12 Sep 2024CA$36.2bCA$17.7bCA$1.5b11x24.7x2x
Sat, 10 Aug 2024CA$33.6bCA$17.8bCA$1.5b10.1x22.8x1.9x
Mon, 08 Jul 2024CA$32.4bCA$17.7bCA$1.6b9.8x20.1x1.8x
Wed, 05 Jun 2024CA$31.9bCA$17.8bCA$1.6b9.6x20.3x1.8x
Fri, 03 May 2024CA$32.6bCA$17.8bCA$1.5b6.3x21x1.8x
Sun, 31 Mar 2024CA$35.9bCA$17.8bCA$1.5b6.3x23.6x2x
Tue, 27 Feb 2024CA$37.2bCA$17.8bCA$1.5b11.3x24.8x2.1x
Thu, 25 Jan 2024CA$35.2bCA$17.7bCA$1.5b10.9x24.2x2x
Sat, 23 Dec 2023CA$34.1bCA$17.7bCA$1.5b10.5x23.5x1.9x
Mon, 20 Nov 2023CA$33.4bCA$17.7bCA$1.5b10.3x22.9x1.9x
Wed, 18 Oct 2023CA$32.4bCA$17.3bCA$1.4b32.4x22.7x1.9x
Fri, 15 Sep 2023CA$33.6bCA$17.3bCA$1.4b37.1x23.5x1.9x
Sun, 13 Aug 2023CA$33.3bCA$17.3bCA$1.4b34.3x23.2x1.9x
Price to Earnings Ratio

23.2x


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 19.9x202420252026
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 13.0x 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 5.1% 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 Market2.02%
Tech3.84%
IT-2.95%
Internet Services and Infrastructure0.60%
Data Processing Services0%0
IT Consulting-2.96%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 19.5x.
    • 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
ALYA Alithya GroupCA$1.2913.2%
+CA$14.5m		-46.7%PS0.3x
ICS Integrated Quantum TechnologiesCA$0.6518.2%
+CA$8.0m		182.6%PS325.2x
PVT PivotreeCA$1.4810.4%
+CA$3.7m		18.4%PE8.5x
CCDS Carrier Connect Data SolutionsCA$1.150.9%
+CA$328.4k		57.5%PS22.4x

Latest News

ICS
CA$0.65
Integrated Quantum Technologies
7D
18.2%
1Y
182.6%
GIB.A
CA$101.80
CGI
7D
-3.1%
1Y
-23.3%
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.
ALYA
CA$1.29
Alithya Group
7D
13.2%
1Y
-46.7%
PVT
CA$1.48
Pivotree
7D
10.4%
1Y
18.4%
HIDE
CA$0.10
Hydaway Digital
7D
-16.0%
1Y
-30.0%
CCDS
CA$1.15
Carrier Connect Data Solutions
7D
0.9%
1Y
57.5%
NERD
CA$0.04
Nerds on Site
7D
-11.1%
1Y
33.3%