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Canadian (TSX) IT Industry Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies9
  • 7D5.8%
  • 3M-10.9%
  • 1Y-39.4%
  • YTD-28.0%

The IT industry is up 5.8% in the last week, with CGI up 5.9%. In contrast, the industry has lost 39% in the last 12 months. As for the next few years, earnings are expected to grow by 7.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026CA$18.9bCA$16.9bCA$1.6b10.1x11.5x1.1x
Sat, 18 Apr 2026CA$22.2bCA$16.8bCA$1.6b10.3x13.6x1.3x
Mon, 16 Mar 2026CA$21.2bCA$16.8bCA$1.6b12.6x12.9x1.3x
Wed, 11 Feb 2026CA$23.7bCA$16.8bCA$1.6b13.2x14.5x1.4x
Fri, 09 Jan 2026CA$27.6bCA$16.5bCA$1.6b13.9x16.9x1.7x
Sun, 07 Dec 2025CA$28.0bCA$16.5bCA$1.6b12.3x17.1x1.7x
Tue, 04 Nov 2025CA$27.2bCA$16.1bCA$1.7b15.7x15.9x1.7x
Thu, 02 Oct 2025CA$27.6bCA$16.1bCA$1.7b16.2x16.1x1.7x
Sat, 30 Aug 2025CA$29.5bCA$16.1bCA$1.7b33.1x17.3x1.8x
Mon, 28 Jul 2025CA$31.1bCA$15.7bCA$1.7b51.1x18.1x2x
Wed, 25 Jun 2025CA$32.5bCA$15.7bCA$1.7b18.4x18.8x2.1x
Fri, 23 May 2025CA$33.3bCA$15.7bCA$1.7b10x19.3x2.1x
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
Price to Earnings Ratio

24.3x


Total Market Cap: CA$34.0bTotal Earnings: CA$1.4bTotal Revenue: CA$16.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 20.7x202420252026
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 11.5x which is lower than its 3-year average PE of 20.7x.
  • The 3-year average PS ratio of 1.9x 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 5.4% 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 Market-0.16%
Tech2.62%
IT5.79%
IT Consulting5.81%
Internet Services and Infrastructure0.66%
Data Processing Services0%0
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 20.2x.
    • Analysts are expecting annual earnings growth of 7.5%, 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 7.5% 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 7.5% 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$90.045.9%
+CA$1.0b		-39.6%PE11.2x
MTLO Martello Technologies GroupCA$0.01100.0%
+CA$2.9m		0%PS0.5x
HIDE Hydaway DigitalCA$0.6015.4%
+CA$2.9m		n/aPB46.4x
CSTR CryptoStarCA$0.007550.0%
+CA$1.2m		-50.0%PS8.7x

Latest News

PVT
CA$1.57
Pivotree
7D
-1.9%
1Y
21.7%
Analysis Article • 4h

Pivotree's (CVE:PVT) Solid Earnings May Rest On Weak Foundations

Pivotree Inc.'s ( CVE:PVT ) robust recent earnings didn't do much to move the stock. However the statutory profit...
ECOM
CA$0.08
EMERGE Commerce
7D
-5.9%
1Y
77.8%
GIB.A
CA$90.04
CGI
7D
5.9%
1Y
-39.6%
New Narrative • May 20

AI Integration Headwinds And Public Sector Risks May Still Support Gradual Long Term Upside

Catalysts About CGI CGI provides IT and business consulting, systems integration, managed services and software solutions to clients across public and private sectors worldwide. What are the underlying business or industry changes driving this perspective?
CSTR
CA$0.0075
CryptoStar
7D
50.0%
1Y
-50.0%
CCDS
CA$1.17
Carrier Connect Data Solutions
7D
-0.8%
1Y
112.7%
ICS
CA$0.66
Integrated Cyber Solutions
7D
-4.3%
1Y
164.0%
DM
CA$0.045
Datametrex AI
7D
-10.0%
1Y
-59.1%
HIDE
CA$0.60
Hydaway Digital
7D
15.4%
1Y
n/a
ALYA
CA$1.29
Alithya Group
7D
-2.3%
1Y
-26.3%
MTLO
CA$0.01
Martello Technologies Group
7D
100.0%
1Y
0%