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Canadian (TSX) IT Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies8
  • 7D4.3%
  • 3M5.1%
  • 1Y-15.8%
  • YTD4.3%

In the last week, the IT industry is up 4.3%, with CGI up 4.4%. In contrast, the industry has lost 16% in the last 12 months. Looking forward, earnings are forecast to grow by 9.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026CA$28.3bCA$16.5bCA$1.6b13.9x17.3x1.7x
Wed, 10 Dec 2025CA$27.4bCA$16.5bCA$1.6b12.3x16.8x1.7x
Fri, 07 Nov 2025CA$28.1bCA$16.5bCA$1.7b15.9x17x1.7x
Sun, 05 Oct 2025CA$28.5bCA$16.1bCA$1.7b16.5x16.7x1.8x
Tue, 02 Sep 2025CA$29.7bCA$16.1bCA$1.7b17.2x17.3x1.8x
Thu, 31 Jul 2025CA$30.9bCA$15.7bCA$1.7b49.8x17.9x2x
Sat, 28 Jun 2025CA$31.8bCA$15.7bCA$1.7b28.3x18.5x2x
Mon, 26 May 2025CA$32.6bCA$15.7bCA$1.7b9.9x18.9x2.1x
Wed, 23 Apr 2025CA$33.7bCA$18.0bCA$1.5b10.2x21.9x1.9x
Fri, 21 Mar 2025CA$34.5bCA$18.0bCA$1.5b10.2x22.5x1.9x
Sun, 16 Feb 2025CA$39.6bCA$18.0bCA$1.5b12.4x25.6x2.2x
Tue, 14 Jan 2025CA$35.8bCA$15.2bCA$1.7b11.8x21.6x2.4x
Thu, 12 Dec 2024CA$37.4bCA$17.8bCA$1.5b12.5x24.9x2.1x
Sat, 09 Nov 2024CA$35.9bCA$17.9bCA$1.5b11.2x24.1x2x
Mon, 07 Oct 2024CA$36.2bCA$17.7bCA$1.5b11.4x24.7x2x
Wed, 04 Sep 2024CA$35.3bCA$17.7bCA$1.5b10.7x24x2x
Fri, 02 Aug 2024CA$36.7bCA$17.8bCA$1.6b10.7x22.5x2.1x
Sun, 30 Jun 2024CA$32.0bCA$17.7bCA$1.6b9.6x20x1.8x
Tue, 28 May 2024CA$33.8bCA$17.8bCA$1.6b10.1x21.5x1.9x
Thu, 25 Apr 2024CA$34.5bCA$17.8bCA$1.5b6.3x22.7x1.9x
Sat, 23 Mar 2024CA$36.3bCA$17.8bCA$1.5b6.3x23.8x2x
Mon, 19 Feb 2024CA$36.9bCA$17.8bCA$1.5b11.4x24.5x2.1x
Wed, 17 Jan 2024CA$34.2bCA$17.7bCA$1.5b10.8x23.6x1.9x
Fri, 15 Dec 2023CA$34.5bCA$17.7bCA$1.5b10.6x23.7x1.9x
Sun, 12 Nov 2023CA$33.1bCA$17.5bCA$1.5b39.6x22.4x1.9x
Tue, 10 Oct 2023CA$32.7bCA$17.3bCA$1.4b34.4x22.9x1.9x
Thu, 07 Sep 2023CA$33.5bCA$17.3bCA$1.4b35.4x23.5x1.9x
Sat, 05 Aug 2023CA$32.2bCA$17.2bCA$1.4b22.2x22.2x1.9x
Mon, 03 Jul 2023CA$33.8bCA$16.9bCA$1.4b23x24.3x2x
Wed, 31 May 2023CA$33.7bCA$16.8bCA$1.4b24.7x24.1x2x
Fri, 28 Apr 2023CA$33.3bCA$16.7bCA$1.4b24.2x23.1x2x
Sun, 26 Mar 2023CA$31.1bCA$16.2bCA$1.4b26.8x22.5x1.9x
Tue, 21 Feb 2023CA$38.0bCA$17.6bCA$1.4b33.4x26.8x2.2x
Thu, 19 Jan 2023CA$35.8bCA$17.3bCA$1.4b30.5x26.2x2.1x
Price to Earnings Ratio

26.2x


Total Market Cap: CA$35.8bTotal Earnings: CA$1.4bTotal Revenue: CA$17.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 22.1x202420252026
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 17.3x which is lower than its 3-year average PE of 22.1x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 6.1% 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 Market1.94%
Tech2.48%
IT4.35%
IT Consulting4.36%
Internet Services and Infrastructure0.36%
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 21.1x.
    • Analysts are expecting annual earnings growth of 9.3%, which is higher than its past year's earnings decline of 2.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 9.3% over the next 5 years.
  • This is better than its past earnings decline of 2.0% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 9.3% 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$130.734.3%
+CA$1.2b		-15.8%PE16.9x
ICS Integrated Cyber SolutionsCA$1.4632.7%
+CA$26.7m		1,522.2%PS411.4x
NERD Nerds on SiteCA$0.06585.7%
+CA$2.7m		-13.3%PS0.5x
CSTR CryptoStarCA$0.01100.0%
+CA$2.1m		-60.0%PS8.1x
HIDE Hydaway DigitalCA$0.2641.7%
+CA$1.9m		n/aPB9.1x

Latest News

SIX
CA$0.055
Sixty Six Capital
7D
-15.4%
1Y
-31.3%
NERD
CA$0.065
Nerds on Site
7D
85.7%
1Y
-13.3%
GIB.A
CA$130.73
CGI
7D
4.3%
1Y
-15.8%

GIB.A: Future Returns Will Rely On Resilient Organic Execution In Weaker Markets

Analysts have trimmed their price targets on CGI to around C$149 and US$81. This reflects concerns about slower organic growth in certain regions and sectors, as well as the potential downside risk they see for consensus estimates into 2026.
HIDE
CA$0.26
Hydaway Digital
7D
41.7%
1Y
n/a
CCDS
CA$1.45
Carrier Connect Data Solutions
7D
-2.7%
1Y
n/a
ECOM
CA$0.14
EMERGE Commerce
7D
-6.9%
1Y
125.0%

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Dec 13
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ICS
CA$1.46
Integrated Cyber Solutions
7D
32.7%
1Y
1,522.2%
CSTR
CA$0.01
CryptoStar
7D
100.0%
1Y
-60.0%
ALYA
CA$1.70
Alithya Group
7D
-1.7%
1Y
4.9%
PVT
CA$1.85
Pivotree
7D
3.9%
1Y
86.9%

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Nov 17
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DM
CA$0.095
Datametrex AI
7D
5.6%
1Y
-36.7%