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Canadian (TSX) IT Industry Analysis

UpdatedJul 11, 2026
DataAggregated Company Financials
Companies10
  • 7D1.4%
  • 3M-2.0%
  • 1Y-31.3%
  • YTD-24.4%

The IT industry is up 1.4% in the last week, with CGI up 1.4%. Meanwhile, Hydaway Digital actually underperformed within the industry, shrinking 35% in the last week. However, the industry is down 31% over the past year. As for the next few years, earnings are expected to grow by 7.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026CA$20.0bCA$16.9bCA$1.6b9.9x12.4x1.2x
Tue, 09 Jun 2026CA$19.9bCA$16.9bCA$1.6b10.1x12.2x1.2x
Thu, 07 May 2026CA$19.4bCA$16.9bCA$1.6b10.8x11.8x1.1x
Sat, 04 Apr 2026CA$22.2bCA$16.8bCA$1.6b10.3x13.6x1.3x
Mon, 02 Mar 2026CA$21.5bCA$16.8bCA$1.6b12.8x13.1x1.3x
Wed, 28 Jan 2026CA$26.5bCA$16.5bCA$1.6b13.7x16.2x1.6x
Fri, 26 Dec 2025CA$28.1bCA$16.5bCA$1.6b13.6x17.2x1.7x
Sun, 23 Nov 2025CA$27.0bCA$16.5bCA$1.6b11.7x16.6x1.6x
Tue, 21 Oct 2025CA$27.2bCA$16.1bCA$1.7b15.7x15.9x1.7x
Thu, 18 Sep 2025CA$28.7bCA$16.1bCA$1.7b16.4x16.8x1.8x
Sat, 16 Aug 2025CA$28.9bCA$16.1bCA$1.7b49x16.9x1.8x
Mon, 14 Jul 2025CA$30.9bCA$15.7bCA$1.7b37.7x17.9x2x
Wed, 11 Jun 2025CA$33.1bCA$15.7bCA$1.7b16.1x19.3x2.1x
Fri, 09 May 2025CA$32.8bCA$15.7bCA$1.7b10x19x2.1x
Sun, 06 Apr 2025CA$32.2bCA$18.0bCA$1.5b9.7x20.9x1.8x
Tue, 04 Mar 2025CA$34.9bCA$18.0bCA$1.5b10.8x22.6x1.9x
Thu, 30 Jan 2025CA$37.9bCA$18.0bCA$1.5b12.3x24.5x2.1x
Sat, 28 Dec 2024CA$36.5bCA$17.8bCA$1.5b11.7x24.4x2x
Mon, 25 Nov 2024CA$36.1bCA$17.8bCA$1.5b11.7x24.1x2x
Wed, 23 Oct 2024CA$36.8bCA$17.7bCA$1.5b11.5x25.1x2.1x
Fri, 20 Sep 2024CA$35.7bCA$17.7bCA$1.5b11.1x24.3x2x
Sun, 18 Aug 2024CA$34.6bCA$17.7bCA$1.5b10.3x23.5x2x
Tue, 16 Jul 2024CA$33.7bCA$17.7bCA$1.6b10.1x20.9x1.9x
Thu, 13 Jun 2024CA$32.6bCA$17.8bCA$1.6b10.7x20.7x1.8x
Sat, 11 May 2024CA$33.1bCA$17.8bCA$1.6b6.3x21.1x1.9x
Mon, 08 Apr 2024CA$34.8bCA$17.8bCA$1.5b6.3x22.8x2x
Wed, 06 Mar 2024CA$37.6bCA$17.8bCA$1.5b11.4x24.8x2.1x
Fri, 02 Feb 2024CA$37.2bCA$17.9bCA$1.5b11.4x25.5x2.1x
Sun, 31 Dec 2023CA$34.2bCA$17.7bCA$1.5b10.5x23.5x1.9x
Tue, 28 Nov 2023CA$33.2bCA$17.7bCA$1.5b10.2x22.8x1.9x
Thu, 26 Oct 2023CA$31.8bCA$17.3bCA$1.4b33.6x22.2x1.8x
Sat, 23 Sep 2023CA$32.5bCA$17.3bCA$1.4b34.7x22.8x1.9x
Mon, 21 Aug 2023CA$32.4bCA$17.3bCA$1.4b32.4x22.7x1.9x
Wed, 19 Jul 2023CA$34.1bCA$16.8bCA$1.4b23.8x24.4x2x
Price to Earnings Ratio

24.4x


Total Market Cap: CA$34.1bTotal Earnings: CA$1.4bTotal Revenue: CA$16.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 20.2x202420252026
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 20.2x.
  • 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 4.8% 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 Market0.023%
Tech0.72%
IT1.38%
Internet Services and Infrastructure3.73%
IT Consulting1.38%
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 19.7x.
    • Analysts are expecting annual earnings growth of 7.3%, which is higher than its past year's earnings decline of 3.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 7.3% over the next 5 years.
  • This is better than its past earnings decline of 3.9% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 7.3% 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$94.851.4%
+CA$276.4m		-31.1%PE11.8x
ICS Integrated Cyber SolutionsCA$0.735.8%
+CA$3.2m		131.7%PS361.5x
MTLO Martello Technologies GroupCA$0.01100.0%
+CA$2.9m		0%PS0.5x
SIX Sixty Six CapitalCA$0.04512.5%
+CA$1.2m		-67.9%PB0.7x
CSTR CryptoStarCA$0.007550.0%
+CA$1.2m		-50.0%PS11.1x

Latest News

GIB.A
CA$94.85
CGI
7D
1.4%
1Y
-31.1%
ALYA
CA$1.03
Alithya Group
7D
1.0%
1Y
-54.4%
Narrative Update • Jul 10

ALYA: Lower Earnings Outlook May Set Up Future Margin Rebound Potential

Alithya Group’s latest narrative update reflects a reduced analyst price target of CA$1.25, with analysts pointing to lower fair value estimates, a higher discount rate, softer revenue expectations, and a more conservative profit margin and future P/E outlook as key drivers of the change. Analyst Commentary Recent Street research on Alithya Group points to a more cautious tone, with price targets trimmed and expectations reset after the latest results.
HIDE
CA$0.28
Hydaway Digital
7D
-35.2%
1Y
72.7%
PVT
CA$1.39
Pivotree
7D
-0.7%
1Y
9.4%
ICS
CA$0.73
Integrated Cyber Solutions
7D
5.8%
1Y
131.7%
MTLO
CA$0.01
Martello Technologies Group
7D
100.0%
1Y
0%
SIX
CA$0.045
Sixty Six Capital
7D
12.5%
1Y
-67.9%
CCDS
CA$1.20
Carrier Connect Data Solutions
7D
-0.8%
1Y
76.5%
CSTR
CA$0.0075
CryptoStar
7D
50.0%
1Y
-50.0%
SONI
CA$0.10
SonicStrategy
7D
5.3%
1Y
-82.5%
NERD
CA$0.045
Nerds on Site
7D
28.6%
1Y
80.0%