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Canadian (TSX) IT Consulting Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies5
  • 7D3.7%
  • 3M-18.9%
  • 1Y-31.3%
  • YTDn/a

The IT Consulting industry is up 2.6% in the last week, with CGI up 2.6%. In contrast, the industry has lost 30% in the last 12 months. Looking forward, earnings are forecast to grow by 9.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026CA$22.1bCA$16.8bCA$1.6b13.3x13.5x1.3x
Mon, 02 Feb 2026CA$25.1bCA$16.8bCA$1.6b14.1x15.3x1.5x
Wed, 31 Dec 2025CA$27.8bCA$16.5bCA$1.6b15.2x17x1.7x
Fri, 28 Nov 2025CA$27.2bCA$16.5bCA$1.6b13.9x16.6x1.6x
Sun, 26 Oct 2025CA$27.2bCA$16.1bCA$1.7b30.5x15.9x1.7x
Tue, 23 Sep 2025CA$28.4bCA$16.1bCA$1.7b28.9x16.6x1.8x
Thu, 21 Aug 2025CA$29.3bCA$16.1bCA$1.7b30.7x17.1x1.8x
Sat, 19 Jul 2025CA$30.9bCA$15.7bCA$1.7b97.3x17.8x2x
Mon, 16 Jun 2025CA$32.9bCA$15.7bCA$1.7b93.3x19x2.1x
Wed, 14 May 2025CA$33.8bCA$15.7bCA$1.7b19.1x19.5x2.2x
Fri, 11 Apr 2025CA$33.5bCA$18.0bCA$1.5b17.7x21.7x1.9x
Sun, 09 Mar 2025CA$35.1bCA$18.0bCA$1.5b19.4x22.7x1.9x
Tue, 04 Feb 2025CA$39.3bCA$18.0bCA$1.6b22.2x25.1x2.2x
Thu, 02 Jan 2025CA$36.2bCA$17.8bCA$1.5b20.9x23.9x2x
Sat, 30 Nov 2024CA$36.4bCA$17.8bCA$1.5b21.1x24x2x
Mon, 28 Oct 2024CA$36.3bCA$17.7bCA$1.5b21.2x24.4x2x
Wed, 25 Sep 2024CA$35.6bCA$17.7bCA$1.5b20.7x23.9x2x
Fri, 23 Aug 2024CA$34.9bCA$17.7bCA$1.5b19.9x23.5x2x
Sun, 21 Jul 2024CA$33.9bCA$17.7bCA$1.6b20x21x1.9x
Tue, 18 Jun 2024CA$32.2bCA$17.7bCA$1.6b18.9x19.9x1.8x
Thu, 16 May 2024CA$33.2bCA$17.7bCA$1.6b19.7x20.8x1.9x
Sat, 13 Apr 2024CA$34.6bCA$17.8bCA$1.6b13.3x21.9x1.9x
Mon, 11 Mar 2024CA$37.7bCA$17.8bCA$1.6b14.3x23.9x2.1x
Wed, 07 Feb 2024CA$35.8bCA$17.8bCA$1.6b21.1x22.9x2x
Fri, 05 Jan 2024CA$32.9bCA$17.6bCA$1.5b19.5x21.3x1.9x
Sun, 03 Dec 2023CA$33.3bCA$17.6bCA$1.5b19.8x21.5x1.9x
Tue, 31 Oct 2023CA$31.7bCA$17.2bCA$1.5b34x20.8x1.8x
Thu, 28 Sep 2023CA$31.9bCA$17.2bCA$1.5b34.6x21x1.9x
Sat, 26 Aug 2023CA$33.0bCA$17.2bCA$1.5b33.8x21.7x1.9x
Mon, 24 Jul 2023CA$32.4bCA$16.7bCA$1.5b22.5x21.7x1.9x
Wed, 21 Jun 2023CA$33.1bCA$16.7bCA$1.5b23.2x22.2x2x
Fri, 19 May 2023CA$33.9bCA$16.6bCA$1.5b23.8x22.5x2x
Sun, 16 Apr 2023CA$32.6bCA$16.0bCA$1.5b25.8x22.5x2x
Tue, 14 Mar 2023CA$30.4bCA$16.1bCA$1.5b21.7x20.9x1.9x
Price to Earnings Ratio

20.9x


Total Market Cap: CA$30.4bTotal Earnings: CA$1.5bTotal Revenue: CA$16.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Consulting Industry Price to Earnings3Y Average 20.8x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian IT Consulting and Other Services 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 13.0x which is lower than its 3-year average PE of 20.8x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the IT Consulting and Other Services industry have grown 4.1% 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 Comparison

How does Canadian IT Consulting compare with similar industries?

CA Market-3.83%
Tech4.76%
IT3.61%
IT Consulting3.69%
Data Processing Services0%0
Internet Services and Infrastructure-17.04%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GIB.A CGICA$103.413.7%
+CA$776.4m		-31.4%PE13.2x
HIDE Hydaway DigitalCA$0.7957.0%
+CA$10.2m		n/aPB40.2x
ALYA Alithya GroupCA$1.362.3%
+CA$3.0m		-28.0%PS0.3x
PVT PivotreeCA$1.774.1%
+CA$1.8m		70.2%PE13.3x

Latest News

PVT
CA$1.77
Pivotree
7D
4.1%
1Y
70.2%
HIDE
CA$0.79
Hydaway Digital
7D
57.0%
1Y
n/a
ALYA
CA$1.36
Alithya Group
7D
2.3%
1Y
-28.0%
GIB.A
CA$103.41
CGI
7D
3.7%
1Y
-31.4%

GIB.A: Future Returns Will Rely On Buybacks And Steady Execution

Analyst price targets for CGI have been adjusted slightly, with a modest net change centered around CA$ level updates as firms recalibrate for a higher discount rate, make a small tweak to assumed future P/E, and incorporate fresh research from CIBC, Canaccord, TD Securities and Scotiabank. Analyst Commentary Recent research updates show a mixed but generally constructive view on CGI, with some firms trimming their price targets while others have raised theirs or reiterated constructive ratings after transferring coverage.