Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

Canadian (TSX) IT Industry Analysis

UpdatedApr 20, 2025
DataAggregated Company Financials
Companies8
  • 7D2.9%
  • 3M-5.6%
  • 1Y2.0%
  • YTD-5.9%

The IT industry is up 2.9% in the last week, with CGI up 2.9%. In the same time, Integrated Cyber Solutions was down 19%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Apr 2025CA$34.1bCA$18.0bCA$1.5b10.1x22.1x1.9x
Tue, 18 Mar 2025CA$34.5bCA$18.0bCA$1.5b10.7x22.4x1.9x
Thu, 13 Feb 2025CA$40.0bCA$18.0bCA$1.5b12.6x25.9x2.2x
Sat, 11 Jan 2025CA$36.0bCA$17.8bCA$1.5b11.8x24.1x2x
Mon, 09 Dec 2024CA$36.9bCA$17.8bCA$1.5b12.2x24.6x2.1x
Wed, 06 Nov 2024CA$35.9bCA$17.7bCA$1.5b11.7x24.4x2x
Fri, 04 Oct 2024CA$36.1bCA$17.7bCA$1.5b11.4x24.6x2x
Sun, 01 Sep 2024CA$35.3bCA$17.7bCA$1.5b10.7x24x2x
Tue, 30 Jul 2024CA$35.1bCA$17.7bCA$1.6b10.5x21.8x2x
Thu, 27 Jun 2024CA$32.5bCA$17.7bCA$1.6b9.6x20.3x1.8x
Sat, 25 May 2024CA$33.9bCA$17.8bCA$1.6b10.1x21.6x1.9x
Mon, 22 Apr 2024CA$34.3bCA$17.8bCA$1.5b6.3x22.6x1.9x
Wed, 20 Mar 2024CA$38.2bCA$17.8bCA$1.5b6.3x25x2.1x
Fri, 16 Feb 2024CA$36.6bCA$17.8bCA$1.5b11.4x24.3x2.1x
Sun, 14 Jan 2024CA$34.5bCA$17.7bCA$1.5b10.9x23.7x1.9x
Tue, 12 Dec 2023CA$34.1bCA$17.7bCA$1.5b10.7x23.5x1.9x
Thu, 09 Nov 2023CA$33.3bCA$17.3bCA$1.4b38.7x23.3x1.9x
Sat, 07 Oct 2023CA$32.7bCA$17.3bCA$1.4b34.4x22.9x1.9x
Mon, 04 Sep 2023CA$34.0bCA$17.3bCA$1.4b35.6x23.8x2x
Wed, 02 Aug 2023CA$32.4bCA$17.2bCA$1.5b21.9x22.4x1.9x
Fri, 30 Jun 2023CA$33.2bCA$16.9bCA$1.4b22.5x23.9x2x
Sun, 28 May 2023CA$34.0bCA$16.9bCA$1.4b23.8x24.3x2x
Tue, 25 Apr 2023CA$32.4bCA$16.2bCA$1.4b25.7x23.3x2x
Thu, 23 Mar 2023CA$30.7bCA$16.2bCA$1.4b30x22.2x1.9x
Sat, 18 Feb 2023CA$38.0bCA$17.6bCA$1.4b33.4x26.8x2.2x
Mon, 16 Jan 2023CA$35.7bCA$17.3bCA$1.4b30.2x26.1x2.1x
Wed, 14 Dec 2022CA$35.2bCA$17.3bCA$1.4b25.2x25.7x2x
Fri, 11 Nov 2022CA$34.7bCA$17.2bCA$1.4b20.7x25.4x2x
Sun, 09 Oct 2022CA$31.9bCA$16.8bCA$1.4b35.3x23.5x1.9x
Tue, 06 Sep 2022CA$31.5bCA$16.7bCA$1.4b36.1x23.2x1.9x
Thu, 04 Aug 2022CA$35.2bCA$16.3bCA$1.3b60x26.7x2.2x
Sat, 02 Jul 2022CA$33.2bCA$16.1bCA$1.3b56.5x25.3x2.1x
Mon, 30 May 2022CA$37.9bCA$16.1bCA$1.4b18.1x27.5x2.4x
Wed, 27 Apr 2022CA$38.2bCA$15.5bCA$1.4b17.7x27.4x2.5x
Price to Earnings Ratio

27.4x


Total Market Cap: CA$38.2bTotal Earnings: CA$1.4bTotal Revenue: CA$15.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 23.9x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 23.9x.
  • 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 3.3% per year over the last three years.
  • Revenues for these companies have grown 5.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Tech industry?

CA Market2.87%
Tech3.25%
IT2.89%
Internet Services and Infrastructure16.54%
IT Consulting2.88%
Data Processing Services0%0
Industry PE
  • Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 21.5x.
    • Analysts are expecting annual earnings growth of 12.6%, which is higher than its past year's earnings growth of 6.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings growth rate of 6.3% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 13% 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$145.762.9%
+CA$935.5m		1.9%PE18.8x
ALYA Alithya GroupCA$1.7910.5%
+CA$16.9m		-11.8%PS0.4x
CSTR CryptoStarCA$0.0233.3%
+CA$2.2m		-46.7%PS2.1x
CTS Converge Technology SolutionsCA$5.990.2%
+CA$1.9m		10.5%PS0.4x
DM Datametrex AICA$0.086.7%
+CA$105.0k		-89.3%PS0.2x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlans & PricingLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

GIB.A

CA$145.76

CGI

7D

2.9%

1Y

1.9%

CGI (TSE:GIB.A) Hasn't Managed To Accelerate Its Returns

Apr 19
CGI (TSE:GIB.A) Hasn't Managed To Accelerate Its Returns

ALYA

CA$1.79

Alithya Group

7D

10.5%

1Y

-11.8%

Here's Why Alithya Group (TSE:ALYA) Has A Meaningful Debt Burden

Apr 17
Here's Why Alithya Group (TSE:ALYA) Has A Meaningful Debt Burden

CTS

CA$5.99

Converge Technology Solutions

7D

0.2%

1Y

10.5%

ICS

CA$0.25

Integrated Cyber Solutions

7D

-19.4%

1Y

13.6%

DM

CA$0.08

Datametrex AI

7D

6.7%

1Y

-89.3%

NERD

CA$0.035

Nerds on Site

7D

-12.5%

1Y

-46.2%

CSTR

CA$0.02

CryptoStar

7D

33.3%

1Y

-46.7%