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Canadian (TSX) IT Industry Analysis

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies8
  • 7D-2.3%
  • 3M-3.4%
  • 1Y-22.0%
  • YTD-20.6%

Over the last 7 days, the IT industry has dropped 2.7%, driven by a pullback from CGI of 2.3%. In contrast, Alithya Group has gained 5.3%. Overall the industry is down 22% in 12 months. Looking forward, earnings are forecast to grow by 9.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 03 Jun 2023CA$34.3bCA$16.8bCA$1.4b24.7x24.5x2x
Mon, 01 May 2023CA$33.3bCA$16.7bCA$1.4b22.7x23.6x2x
Wed, 29 Mar 2023CA$31.1bCA$16.2bCA$1.4b28.4x22.5x1.9x
Fri, 24 Feb 2023CA$37.1bCA$17.6bCA$1.4b32x26.2x2.1x
Sun, 22 Jan 2023CA$35.8bCA$17.3bCA$1.4b31.9x26.2x2.1x
Tue, 20 Dec 2022CA$34.2bCA$17.3bCA$1.4b23.7x25x2x
Price to Earnings Ratio

25x


Total Market Cap: CA$34.2bTotal Earnings: CA$1.4bTotal Revenue: CA$17.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 22.3x202320242025
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 16.7x which is lower than its 3-year average PE of 22.3x.
  • The 3-year average PS ratio of 2.0x 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 6.0% 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 Market0.70%
Tech-2.80%
IT-2.26%
Data Processing Services0%0
Internet Services and Infrastructure-1.69%
IT Consulting-2.26%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 21.2x.
    • Analysts are expecting annual earnings growth of 9.4%, 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 9.4% 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 9.4% 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$0.9510.5%
+CA$6.7m		2,011.1%PS270.5x
PVT PivotreeCA$1.756.7%
+CA$2.9m		130.3%PE13.2x
CCDS Carrier Connect Data SolutionsCA$1.0710.3%
+CA$2.4m		n/aPS48.3x
ALYA Alithya GroupCA$1.731.2%
+CA$2.0m		-1.7%PS0.4x
ECOM EMERGE CommerceCA$0.129.5%
+CA$1.5m		130.0%PE33.3x

Latest News

ECOM
CA$0.12
EMERGE Commerce
7D
9.5%
1Y
130.0%

EMERGE Commerce Ltd.'s (CVE:ECOM) Share Price Boosted 35% But Its Business Prospects Need A Lift Too

Dec 13
EMERGE Commerce Ltd.'s (CVE:ECOM) Share Price Boosted 35% But Its Business Prospects Need A Lift Too
CCDS
CA$1.07
Carrier Connect Data Solutions
7D
10.3%
1Y
n/a
GIB.A
CA$124.80
CGI
7D
-2.3%
1Y
-22.1%
ICS
CA$0.95
Integrated Cyber Solutions
7D
10.5%
1Y
2,011.1%
CSTR
CA$0.005
CryptoStar
7D
-50.0%
1Y
-83.3%
ALYA
CA$1.73
Alithya Group
7D
1.2%
1Y
-1.7%
PVT
CA$1.75
Pivotree
7D
6.7%
1Y
130.3%

Pivotree Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Nov 17
Pivotree Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
DM
CA$0.095
Datametrex AI
7D
11.8%
1Y
-68.3%
NERD
CA$0.02
Nerds on Site
7D
-20.0%
1Y
-60.0%
HIDE
CA$0.18
Hydaway Digital
7D
8.8%
1Y
n/a