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Canadian (TSX) IT Industry Analysis

UpdatedJun 29, 2026
DataAggregated Company Financials
Companies10
  • 7D1.8%
  • 3M-9.7%
  • 1Y-35.6%
  • YTD-27.2%

Over the last 7 days, the IT industry has risen 1.8%, driven by gains from CGI of 5.2%. Meanwhile, Hydaway Digital actually underperformed within the industry, shrinking 10% in the last week. In the past year, the industry is down 36%. 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
Mon, 29 Jun 2026CA$19.3bCA$16.9bCA$1.6b9.7x12x1.1x
Wed, 27 May 2026CA$20.0bCA$16.9bCA$1.6b10.2x12.2x1.2x
Fri, 24 Apr 2026CA$22.5bCA$16.8bCA$1.6b10.3x13.8x1.3x
Sun, 22 Mar 2026CA$21.5bCA$16.8bCA$1.6b12.8x13.1x1.3x
Tue, 17 Feb 2026CA$21.9bCA$16.8bCA$1.6b13x13.3x1.3x
Thu, 15 Jan 2026CA$28.2bCA$16.5bCA$1.6b14.1x17.3x1.7x
Sat, 13 Dec 2025CA$27.2bCA$16.5bCA$1.6b13.2x16.7x1.7x
Mon, 10 Nov 2025CA$26.5bCA$16.5bCA$1.7b15.8x16x1.6x
Wed, 08 Oct 2025CA$28.4bCA$16.1bCA$1.7b16.3x16.6x1.8x
Fri, 05 Sep 2025CA$29.6bCA$16.1bCA$1.7b17x17.3x1.8x
Sun, 03 Aug 2025CA$29.4bCA$16.1bCA$1.7b58.7x17.3x1.8x
Tue, 01 Jul 2025CA$31.7bCA$15.7bCA$1.7b27.3x18.4x2x
Thu, 29 May 2025CA$33.4bCA$15.7bCA$1.7b15.6x19.5x2.1x
Sat, 26 Apr 2025CA$33.1bCA$15.4bCA$1.7b10.3x19.2x2.1x
Mon, 24 Mar 2025CA$33.1bCA$18.0bCA$1.5b10.3x21.5x1.8x
Wed, 19 Feb 2025CA$39.6bCA$18.0bCA$1.5b12.3x25.6x2.2x
Fri, 17 Jan 2025CA$35.8bCA$17.8bCA$1.5b11.9x23.9x2x
Sun, 15 Dec 2024CA$37.0bCA$17.8bCA$1.5b12.2x24.7x2.1x
Tue, 12 Nov 2024CA$35.7bCA$17.9bCA$1.5b11.4x24x2x
Thu, 10 Oct 2024CA$36.3bCA$17.7bCA$1.5b11.6x24.7x2x
Sat, 07 Sep 2024CA$35.3bCA$17.7bCA$1.5b10.8x24x2x
Mon, 05 Aug 2024CA$35.0bCA$17.8bCA$1.6b10.4x21.5x2x
Wed, 03 Jul 2024CA$32.0bCA$17.7bCA$1.6b9.8x20x1.8x
Fri, 31 May 2024CA$31.8bCA$17.8bCA$1.6b9.6x20.3x1.8x
Sun, 28 Apr 2024CA$33.9bCA$17.8bCA$1.5b6.3x22.3x1.9x
Tue, 26 Mar 2024CA$36.3bCA$17.8bCA$1.5b6.3x23.8x2x
Thu, 22 Feb 2024CA$36.4bCA$17.8bCA$1.5b11x24.2x2x
Sat, 20 Jan 2024CA$34.8bCA$17.7bCA$1.5b11x23.9x2x
Mon, 18 Dec 2023CA$34.4bCA$17.7bCA$1.5b10.6x23.7x1.9x
Wed, 15 Nov 2023CA$33.2bCA$17.5bCA$1.5b42.7x22.4x1.9x
Fri, 13 Oct 2023CA$33.2bCA$17.3bCA$1.4b33.9x23.2x1.9x
Sun, 10 Sep 2023CA$33.5bCA$17.3bCA$1.4b35.7x23.5x1.9x
Tue, 08 Aug 2023CA$32.2bCA$17.2bCA$1.4b22.2x22.2x1.9x
Thu, 06 Jul 2023CA$33.7bCA$16.9bCA$1.4b23.4x24.3x2x
Price to Earnings Ratio

24.3x


Total Market Cap: CA$33.7bTotal Earnings: CA$1.4bTotal Revenue: CA$16.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 20.3x202420252026
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 12.0x which is lower than its 3-year average PE of 20.3x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 5.1% 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 Market-0.35%
Tech-1.94%
IT1.80%
IT Consulting1.81%
Data Processing Services0%0
Internet Services and Infrastructure-2.09%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 19.8x.
    • 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$90.404.2%
+CA$755.9m		-36.8%PE11.3x
ICS Integrated Cyber SolutionsCA$0.593.5%
+CA$1.6m		71.0%PS291.2x
ALYA Alithya GroupCA$0.991.0%
+CA$967.7k		-59.4%PS0.2x
SONI SonicStrategyCA$0.0856.3%
+CA$248.1k		-88.2%PS6.3x

Latest News

PVT
CA$1.40
Pivotree
7D
-1.4%
1Y
13.8%
ALYA
CA$0.99
Alithya Group
7D
1.0%
1Y
-59.4%
Narrative Update • Jun 26

ALYA: Share Buybacks And Earnings Outlook May Support Future Upside Potential

Alithya Group's latest Narrative Update reflects a lower implied fair value and reduced analyst price targets, with several firms trimming expectations to a range around CA$1.25 to CA$1.50 as analysts factor in adjusted earnings revisions and more cautious assumptions on growth and margins. Analyst Commentary Analyst commentary on Alithya Group currently reflects a mix of cautious optimism and execution risk, with recent target cuts to around CA$1.25 to CA$1.50 linked to revised earnings forecasts and a reassessment of growth assumptions.
GIB.A
CA$90.40
CGI
7D
4.2%
1Y
-36.8%
HIDE
CA$0.50
Hydaway Digital
7D
-13.8%
1Y
100.0%
ICS
CA$0.59
Integrated Cyber Solutions
7D
3.5%
1Y
71.0%
SIX
CA$0.04
Sixty Six Capital
7D
-11.1%
1Y
-72.4%
CCDS
CA$1.18
Carrier Connect Data Solutions
7D
-6.3%
1Y
81.5%
SONI
CA$0.085
SonicStrategy
7D
6.3%
1Y
-88.2%