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Canadian (TSX) IT Industry Analysis

UpdatedJun 04, 2026
DataAggregated Company Financials
Companies10
  • 7D-0.8%
  • 3M-10.5%
  • 1Y-37.5%
  • YTD-26.4%

In the last week, the IT industry is up 3.8%, with Integrated Cyber Solutions up 11%. However, the industry is down 34% over the past year. Looking forward, 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, 04 Jun 2026CA$20.3bCA$16.9bCA$1.6b10.3x12.5x1.2x
Sat, 02 May 2026CA$18.9bCA$16.9bCA$1.6b10.8x11.5x1.1x
Mon, 30 Mar 2026CA$21.3bCA$16.8bCA$1.6b10.3x13x1.3x
Wed, 25 Feb 2026CA$21.0bCA$16.8bCA$1.6b12.4x12.8x1.3x
Fri, 23 Jan 2026CA$26.4bCA$16.5bCA$1.6b13.8x16.1x1.6x
Sun, 21 Dec 2025CA$28.1bCA$16.5bCA$1.6b13.3x17.2x1.7x
Tue, 18 Nov 2025CA$26.7bCA$16.5bCA$1.6b12.1x16.3x1.6x
Thu, 16 Oct 2025CA$28.2bCA$16.1bCA$1.7b15.7x16.5x1.7x
Sat, 13 Sep 2025CA$29.0bCA$16.1bCA$1.7b16.7x16.9x1.8x
Mon, 11 Aug 2025CA$29.5bCA$16.1bCA$1.7b58.7x17.4x1.8x
Wed, 09 Jul 2025CA$32.0bCA$15.7bCA$1.7b37.7x18.6x2x
Fri, 06 Jun 2025CA$33.0bCA$15.7bCA$1.7b16x19.2x2.1x
Sun, 04 May 2025CA$32.4bCA$15.7bCA$1.7b10.1x18.8x2.1x
Tue, 01 Apr 2025CA$32.8bCA$18.0bCA$1.5b10.2x21.3x1.8x
Thu, 27 Feb 2025CA$37.7bCA$18.0bCA$1.5b11.5x24.4x2.1x
Sat, 25 Jan 2025CA$37.0bCA$17.8bCA$1.5b12.5x24.7x2.1x
Mon, 23 Dec 2024CA$36.3bCA$17.8bCA$1.5b11.9x24.3x2x
Wed, 20 Nov 2024CA$35.5bCA$17.8bCA$1.5b11.6x23.8x2x
Fri, 18 Oct 2024CA$36.7bCA$17.7bCA$1.5b11.5x25x2.1x
Sun, 15 Sep 2024CA$36.5bCA$17.7bCA$1.5b11.1x24.8x2.1x
Tue, 13 Aug 2024CA$34.1bCA$17.8bCA$1.5b10x23.2x1.9x
Thu, 11 Jul 2024CA$32.5bCA$17.7bCA$1.6b9.8x20.2x1.8x
Sat, 08 Jun 2024CA$32.7bCA$17.8bCA$1.6b9.8x20.8x1.8x
Mon, 06 May 2024CA$33.8bCA$17.8bCA$1.6b6.3x21.6x1.9x
Wed, 03 Apr 2024CA$35.8bCA$17.8bCA$1.5b6.3x23.5x2x
Fri, 01 Mar 2024CA$37.1bCA$17.8bCA$1.5b11.4x24.7x2.1x
Sun, 28 Jan 2024CA$35.4bCA$17.7bCA$1.5b10.9x24.3x2x
Tue, 26 Dec 2023CA$34.1bCA$17.7bCA$1.5b10.5x23.5x1.9x
Thu, 23 Nov 2023CA$33.6bCA$17.7bCA$1.5b10.3x23x1.9x
Sat, 21 Oct 2023CA$32.2bCA$17.3bCA$1.4b34.1x22.5x1.9x
Mon, 18 Sep 2023CA$33.9bCA$17.3bCA$1.4b37x23.8x2x
Wed, 16 Aug 2023CA$32.8bCA$17.3bCA$1.4b32.7x23x1.9x
Fri, 14 Jul 2023CA$33.7bCA$16.8bCA$1.4b23.7x24.1x2x
Sun, 11 Jun 2023CA$33.6bCA$16.9bCA$1.4b23.9x24.2x2x
Price to Earnings Ratio

24.2x


Total Market Cap: CA$33.6bTotal Earnings: CA$1.4bTotal Revenue: CA$16.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 20.6x202420252026
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 12.8x which is lower than its 3-year average PE of 20.6x.
  • The 3-year average PS ratio of 1.9x 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 5.4% 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 Market0.85%
Tech10.66%
IT-0.80%
Data Processing Services0%0
IT Consulting-0.80%
Internet Services and Infrastructure-2.38%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 20.1x.
    • Analysts are expecting annual earnings growth of 7.4%, 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 7.4% 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 7.4% 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
ICS Integrated Cyber SolutionsCA$0.8310.7%
+CA$6.4m		232.0%PS418.7x
CSTR CryptoStarCA$0.01100.0%
+CA$2.3m		-50.0%PS15x
HIDE Hydaway DigitalCA$0.6510.2%
+CA$2.2m		333.3%PB50.2x
PVT PivotreeCA$1.581.9%
+CA$788.5k		37.4%PE9.1x
DM Datametrex AICA$0.04512.5%
+CA$762.9k		-62.5%PS1.2x

Latest News

GIB.A
CA$92.06
CGI
7D
-0.8%
1Y
-37.6%
ICS
CA$0.83
Integrated Cyber Solutions
7D
10.7%
1Y
232.0%
PVT
CA$1.58
Pivotree
7D
1.9%
1Y
37.4%
CCDS
CA$1.05
Carrier Connect Data Solutions
7D
-6.3%
1Y
50.0%
SIX
CA$0.04
Sixty Six Capital
7D
-11.1%
1Y
-42.9%
CSTR
CA$0.01
CryptoStar
7D
100.0%
1Y
-50.0%
SONI
CA$0.09
SonicStrategy
7D
-18.2%
1Y
-88.9%
DM
CA$0.045
Datametrex AI
7D
12.5%
1Y
-62.5%
HIDE
CA$0.65
Hydaway Digital
7D
10.2%
1Y
333.3%
ALYA
CA$1.24
Alithya Group
7D
-4.6%
1Y
-32.6%