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Canadian (TSX) IT Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies9
  • 7D-2.1%
  • 3M-6.3%
  • 1Y-33.4%
  • YTD-9.5%

Over the last 7 days, the IT industry has dropped 2.1%, driven by CGI declining 2.1%. In contrast, Datametrex AI has gained 44%. The industry has fallen 33% in the last year. As for the next few years, earnings are expected to grow by 9.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026CA$24.4bCA$16.8bCA$1.6b13.9x14.9x1.5x
Sun, 04 Jan 2026CA$27.1bCA$16.5bCA$1.6b13.6x16.6x1.6x
Tue, 02 Dec 2025CA$27.3bCA$16.5bCA$1.6b11.6x16.7x1.7x
Thu, 30 Oct 2025CA$27.4bCA$16.1bCA$1.7b15.5x16x1.7x
Sat, 27 Sep 2025CA$27.4bCA$16.1bCA$1.7b15.8x16x1.7x
Mon, 25 Aug 2025CA$29.9bCA$16.1bCA$1.7b42.1x17.5x1.9x
Wed, 23 Jul 2025CA$30.9bCA$15.7bCA$1.7b36.3x17.9x2x
Fri, 20 Jun 2025CA$33.0bCA$15.7bCA$1.7b18.8x19.1x2.1x
Sun, 18 May 2025CA$33.9bCA$15.7bCA$1.7b10.2x19.6x2.2x
Tue, 15 Apr 2025CA$33.1bCA$18.0bCA$1.5b10x21.5x1.8x
Thu, 13 Mar 2025CA$34.8bCA$18.0bCA$1.5b10.8x22.6x1.9x
Sat, 08 Feb 2025CA$39.1bCA$18.0bCA$1.5b12.5x25.3x2.2x
Mon, 06 Jan 2025CA$36.6bCA$17.8bCA$1.5b12x24.4x2.1x
Wed, 04 Dec 2024CA$36.5bCA$17.8bCA$1.5b11.9x24.4x2.1x
Fri, 01 Nov 2024CA$36.6bCA$17.7bCA$1.5b11.7x24.9x2.1x
Sun, 29 Sep 2024CA$35.8bCA$17.7bCA$1.5b11.3x24.4x2x
Tue, 27 Aug 2024CA$34.5bCA$17.7bCA$1.5b10.5x23.5x1.9x
Thu, 25 Jul 2024CA$34.5bCA$17.7bCA$1.6b10.4x21.5x1.9x
Sat, 22 Jun 2024CA$32.0bCA$17.7bCA$1.6b9.5x20x1.8x
Mon, 20 May 2024CA$34.0bCA$17.8bCA$1.6b10.2x21.7x1.9x
Wed, 17 Apr 2024CA$34.0bCA$17.8bCA$1.5b6.3x22.5x1.9x
Fri, 15 Mar 2024CA$38.3bCA$17.8bCA$1.5b6.3x25.1x2.1x
Sun, 11 Feb 2024CA$36.6bCA$17.8bCA$1.5b11.2x24.3x2.1x
Tue, 09 Jan 2024CA$32.8bCA$17.7bCA$1.5b10.4x22.6x1.9x
Thu, 07 Dec 2023CA$33.9bCA$17.7bCA$1.5b10.5x23.3x1.9x
Sat, 04 Nov 2023CA$33.2bCA$17.3bCA$1.4b36.9x23.3x1.9x
Mon, 02 Oct 2023CA$32.2bCA$17.3bCA$1.4b34.5x22.6x1.9x
Wed, 30 Aug 2023CA$33.8bCA$17.3bCA$1.4b34.6x23.7x2x
Fri, 28 Jul 2023CA$31.5bCA$17.2bCA$1.5b21.1x21.7x1.8x
Sun, 25 Jun 2023CA$32.4bCA$16.9bCA$1.4b22.3x23.3x1.9x
Tue, 23 May 2023CA$34.3bCA$16.9bCA$1.4b23.6x24.4x2x
Thu, 20 Apr 2023CA$32.2bCA$16.2bCA$1.4b27.3x23.2x2x
Sat, 18 Mar 2023CA$38.9bCA$17.6bCA$1.4b29.8x27.7x2.2x
Mon, 13 Feb 2023CA$37.6bCA$17.6bCA$1.4b37.9x26.7x2.1x
Price to Earnings Ratio

26.7x


Total Market Cap: CA$37.6bTotal Earnings: CA$1.4bTotal Revenue: CA$17.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 21.9x202420252026
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 14.9x which is lower than its 3-year average PE of 21.9x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.5x.
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-2.77%
Tech-4.38%
IT-2.14%
Data Processing Services0%0
IT Consulting-2.11%
Internet Services and Infrastructure-9.89%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 21.0x.
    • Analysts are expecting annual earnings growth of 9.1%, which is higher than its past year's earnings decline of 4.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 9.1% over the next 5 years.
  • This is better than its past earnings decline of 4.6% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 9.1% 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
DM Datametrex AICA$0.1243.8%
+CA$2.8m		-23.3%PS1.7x
HIDE Hydaway DigitalCA$0.3531.5%
+CA$2.1m		n/aPB12.7x
PVT PivotreeCA$1.841.7%
+CA$790.2k		82.2%PE13.9x

Latest News

HIDE
CA$0.35
Hydaway Digital
7D
31.5%
1Y
n/a
GIB.A
CA$113.16
CGI
7D
-2.1%
1Y
-33.6%

GIB.A: Future Returns Will Rely On Consistent Execution And Share Repurchases

Analysts have trimmed their price target on CGI to about $151 from $154, reflecting slightly lower assumed profit margins and P/E multiples, even as they factor in modestly higher revenue growth following a mix of target cuts and one increase in recent research updates. Analyst Commentary Recent research on CGI shows a split between analysts who see upside based on execution and those who are more cautious given growth mix and valuation assumptions.
NERD
CA$0.025
Nerds on Site
7D
-66.7%
1Y
-37.5%
ALYA
CA$1.63
Alithya Group
7D
-7.9%
1Y
1.2%
ICS
CA$1.23
Integrated Cyber Solutions
7D
-18.0%
1Y
811.1%
SIX
CA$0.055
Sixty Six Capital
7D
-8.3%
1Y
-31.3%
CCDS
CA$1.72
Carrier Connect Data Solutions
7D
-16.1%
1Y
n/a
ECOM
CA$0.11
EMERGE Commerce
7D
-4.3%
1Y
120.0%

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Dec 13
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PVT
CA$1.84
Pivotree
7D
1.7%
1Y
82.2%

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Nov 17
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DM
CA$0.12
Datametrex AI
7D
43.8%
1Y
-23.3%
MTLO
CA$0.005
Martello Technologies Group
7D
-50.0%
1Y
-50.0%