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Canadian (TSX) IT Industry Analysis

UpdatedJul 03, 2025
DataAggregated Company Financials
Companies8
  • 7D0.8%
  • 3M1.5%
  • 1Y3.8%
  • YTD-8.9%

In the last week, the IT industry is flat overall, with Nerds on Site standing out by going down 20%. The past year has been better, since the industry has gained 3.8% 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
Thu, 03 Jul 2025CA$32.1bCA$15.7bCA$1.7b31.1x18.6x2x
Sat, 31 May 2025CA$33.2bCA$15.7bCA$1.7b14.6x19.3x2.1x
Mon, 28 Apr 2025CA$33.0bCA$15.4bCA$1.7b10.3x19.2x2.1x
Wed, 26 Mar 2025CA$33.4bCA$18.0bCA$1.5b10.3x21.7x1.9x
Fri, 21 Feb 2025CA$39.1bCA$18.0bCA$1.5b12x25.3x2.2x
Sun, 19 Jan 2025CA$36.1bCA$17.8bCA$1.5b11.9x24.1x2x
Tue, 17 Dec 2024CA$37.0bCA$17.8bCA$1.5b12.1x24.7x2.1x
Thu, 14 Nov 2024CA$36.2bCA$17.8bCA$1.5b11.7x24.3x2x
Sat, 12 Oct 2024CA$36.5bCA$17.7bCA$1.5b11.6x24.9x2.1x
Mon, 09 Sep 2024CA$35.3bCA$17.7bCA$1.5b10.8x24x2x
Wed, 07 Aug 2024CA$35.0bCA$17.8bCA$1.6b9.9x21.5x2x
Fri, 05 Jul 2024CA$32.3bCA$17.7bCA$1.6b9.8x20.2x1.8x
Sun, 02 Jun 2024CA$31.9bCA$17.8bCA$1.6b9.6x20.3x1.8x
Tue, 30 Apr 2024CA$33.9bCA$17.8bCA$1.5b6.3x22.3x1.9x
Thu, 28 Mar 2024CA$35.8bCA$17.8bCA$1.5b6.3x23.5x2x
Sat, 24 Feb 2024CA$37.4bCA$17.8bCA$1.5b11.5x24.9x2.1x
Mon, 22 Jan 2024CA$35.1bCA$17.7bCA$1.5b11x24.1x2x
Wed, 20 Dec 2023CA$34.8bCA$17.7bCA$1.5b10.7x23.9x2x
Fri, 17 Nov 2023CA$33.9bCA$17.7bCA$1.5b20.1x23.4x1.9x
Sun, 15 Oct 2023CA$32.2bCA$17.3bCA$1.4b33.4x22.6x1.9x
Tue, 12 Sep 2023CA$33.9bCA$17.3bCA$1.4b36.7x23.7x2x
Thu, 10 Aug 2023CA$32.9bCA$17.2bCA$1.4b21x22.7x1.9x
Sat, 08 Jul 2023CA$33.7bCA$16.9bCA$1.4b22.9x24.3x2x
Mon, 05 Jun 2023CA$34.3bCA$16.8bCA$1.4b24.7x24.5x2x
Wed, 03 May 2023CA$33.7bCA$16.7bCA$1.4b23.1x24.1x2x
Fri, 31 Mar 2023CA$31.3bCA$16.2bCA$1.4b26.8x22.5x1.9x
Sun, 26 Feb 2023CA$36.8bCA$17.6bCA$1.4b32.7x26x2.1x
Tue, 24 Jan 2023CA$36.3bCA$17.3bCA$1.4b31.1x26.6x2.1x
Thu, 22 Dec 2022CA$34.6bCA$17.3bCA$1.4b22.4x25.3x2x
Sat, 19 Nov 2022CA$34.4bCA$17.3bCA$1.4b29.6x25.2x2x
Mon, 17 Oct 2022CA$31.5bCA$16.8bCA$1.4b32.8x23.2x1.9x
Wed, 14 Sep 2022CA$33.0bCA$16.7bCA$1.4b38.9x24.3x2x
Fri, 12 Aug 2022CA$34.5bCA$16.6bCA$1.3b60.2x25.9x2.1x
Sun, 10 Jul 2022CA$33.9bCA$16.1bCA$1.3b58.1x25.9x2.1x
Price to Earnings Ratio

25.9x


Total Market Cap: CA$33.9bTotal Earnings: CA$1.3bTotal Revenue: CA$16.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 23.5x202320242025
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 18.6x which is lower than its 3-year average PE of 23.5x.
  • 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 9.6% 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 Market1.29%
Tech1.92%
IT0.78%
Internet Services and Infrastructure54.66%
IT Consulting0.74%
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$143.020.7%
+CA$231.0m		3.7%PE18.2x
SIX Sixty Six CapitalCA$0.17106.3%
+CA$12.4m		312.5%PE31.1x
ICS Integrated Cyber SolutionsCA$0.3624.1%
+CA$4.3m		620.0%PS79.7x
MTLO Martello Technologies GroupCA$0.01550.0%
+CA$2.9m		0%PS0.6x
CSTR CryptoStarCA$0.0233.3%
+CA$2.1m		-33.3%PS5.1x

Latest News

HIDE
CA$0.23
Hydaway Digital
7D
27.8%
1Y
n/a
DM
CA$0.095
Datametrex AI
7D
46.2%
1Y
-68.3%
ALYA
CA$2.47
Alithya Group
7D
0.4%
1Y
16.5%
SIX
CA$0.17
Sixty Six Capital
7D
106.3%
1Y
312.5%
GIB.A
CA$143.02
CGI
7D
0.7%
1Y
3.7%

A Look At The Fair Value Of CGI Inc. (TSE:GIB.A)

Jun 23
A Look At The Fair Value Of CGI Inc. (TSE:GIB.A)
MTLO
CA$0.015
Martello Technologies Group
7D
50.0%
1Y
0%

Martello Technologies Group Inc.'s (CVE:MTLO) Price Is Right But Growth Is Lacking After Shares Rocket 50%

Jun 14
Martello Technologies Group Inc.'s (CVE:MTLO) Price Is Right But Growth Is Lacking After Shares Rocket 50%
ICS
CA$0.36
Integrated Cyber Solutions
7D
24.1%
1Y
620.0%
CSTR
CA$0.02
CryptoStar
7D
33.3%
1Y
-33.3%
NERD
CA$0.02
Nerds on Site
7D
-20.0%
1Y
-50.0%