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Canadian (TSX) IT Industry Analysis

UpdatedMay 13, 2025
DataAggregated Company Financials
Companies6
  • 7D3.9%
  • 3M-12.4%
  • 1Y8.4%
  • YTD-4.1%

In the last week, the IT industry is up 1.5%, with CGI up 1.5%. In the last 12 months, the industry was up 5.9%. Looking forward, earnings are forecast to grow by 8.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 May 2025CA$33.0bCA$15.7bCA$1.7b10.2x19.2x2.1x
Thu, 10 Apr 2025CA$32.1bCA$18.0bCA$1.5b10x20.9x1.8x
Sat, 08 Mar 2025CA$34.5bCA$18.0bCA$1.5b10.8x22.4x1.9x
Mon, 03 Feb 2025CA$39.3bCA$18.0bCA$1.5b12.6x25.4x2.2x
Wed, 01 Jan 2025CA$36.1bCA$17.8bCA$1.5b11.8x24.1x2x
Fri, 29 Nov 2024CA$36.4bCA$17.8bCA$1.5b11.8x24.4x2x
Sun, 27 Oct 2024CA$36.3bCA$17.7bCA$1.5b11.5x24.7x2x
Tue, 24 Sep 2024CA$35.5bCA$17.7bCA$1.5b11x24.2x2x
Thu, 22 Aug 2024CA$34.7bCA$17.7bCA$1.5b10.3x23.5x2x
Sat, 20 Jul 2024CA$34.1bCA$17.7bCA$1.6b10.2x21.1x1.9x
Mon, 17 Jun 2024CA$32.2bCA$17.7bCA$1.6b9.6x20.2x1.8x
Wed, 15 May 2024CA$33.0bCA$17.8bCA$1.6b9.9x21x1.9x
Fri, 12 Apr 2024CA$34.4bCA$17.8bCA$1.5b6.3x22.8x1.9x
Sun, 10 Mar 2024CA$37.8bCA$17.8bCA$1.5b6.3x24.8x2.1x
Tue, 06 Feb 2024CA$36.0bCA$17.8bCA$1.5b11.1x24x2x
Thu, 04 Jan 2024CA$33.0bCA$17.7bCA$1.5b10.1x22.7x1.9x
Sat, 02 Dec 2023CA$33.2bCA$17.7bCA$1.5b10.3x22.8x1.9x
Mon, 30 Oct 2023CA$31.2bCA$17.3bCA$1.4b33.8x21.8x1.8x
Wed, 27 Sep 2023CA$32.3bCA$17.3bCA$1.4b34.3x22.6x1.9x
Fri, 25 Aug 2023CA$32.8bCA$17.3bCA$1.4b32.3x23x1.9x
Sun, 23 Jul 2023CA$32.5bCA$16.8bCA$1.4b22.5x23.3x1.9x
Tue, 20 Jun 2023CA$33.2bCA$16.9bCA$1.4b23.2x23.9x2x
Thu, 18 May 2023CA$33.9bCA$16.9bCA$1.4b23.8x24.2x2x
Sat, 15 Apr 2023CA$32.8bCA$16.2bCA$1.4b28.8x23.6x2x
Mon, 13 Mar 2023CA$38.1bCA$17.7bCA$1.4b27.5x27x2.2x
Wed, 08 Feb 2023CA$38.0bCA$17.6bCA$1.4b41.2x27x2.2x
Fri, 06 Jan 2023CA$34.0bCA$17.3bCA$1.4b23.7x24.9x2x
Sun, 04 Dec 2022CA$35.7bCA$17.3bCA$1.4b23.7x25.8x2.1x
Tue, 01 Nov 2022CA$33.4bCA$16.8bCA$1.4b36.8x24.6x2x
Thu, 29 Sep 2022CA$32.4bCA$16.8bCA$1.4b35.6x23.8x1.9x
Sat, 27 Aug 2022CA$32.2bCA$16.7bCA$1.4b58.2x23.7x1.9x
Mon, 25 Jul 2022CA$34.7bCA$16.1bCA$1.3b60.6x26.9x2.2x
Wed, 22 Jun 2022CA$32.8bCA$16.1bCA$1.3b62.2x25x2x
Fri, 20 May 2022CA$35.6bCA$16.0bCA$1.4b17.7x25.5x2.2x
Price to Earnings Ratio

25.5x


Total Market Cap: CA$35.6bTotal Earnings: CA$1.4bTotal Revenue: CA$16.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 23.8x202320242025
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 19.2x which is lower than its 3-year average PE of 23.8x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 7.2% 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 Market2.28%
Tech4.43%
IT3.91%
Internet Services and Infrastructure19.80%
IT Consulting3.90%
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 21.5x.
    • Analysts are expecting annual earnings growth of 8.9%, which is higher than its past year's earnings growth of 6.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 8.9% over the next 5 years.
  • This is better than its past earnings growth rate of 6.0% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 8.9% 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$151.003.9%
+CA$1.3b		8.7%PE19.2x
ALYA Alithya GroupCA$1.822.2%
+CA$4.0m		-15.3%PS0.4x
MTLO Martello Technologies GroupCA$0.01550.0%
+CA$2.9m		0%PS0.6x
CSTR CryptoStarCA$0.0233.3%
+CA$2.1m		-33.3%PS2.9x
ICS Integrated Cyber SolutionsCA$0.2315.0%
+CA$1.9m		58.6%PS27.4x
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Latest News

GIB.A

CA$151.00

CGI

7D

3.9%

1Y

8.7%

ICS

CA$0.23

Integrated Cyber Solutions

7D

15.0%

1Y

58.6%

ECOM

CA$0.045

EMERGE Commerce

7D

12.5%

1Y

0%

ALYA

CA$1.82

Alithya Group

7D

2.2%

1Y

-15.3%

SIX

CA$0.06

Sixty Six Capital

7D

20.0%

1Y

71.4%

PVT

CA$1.25

Pivotree

7D

-3.8%

1Y

-28.6%

MTLO

CA$0.015

Martello Technologies Group

7D

50.0%

1Y

0%

DM

CA$0.10

Datametrex AI

7D

-13.0%

1Y

-77.8%

CHIP.H

CA$0.035

Health Logic Interactive

7D

-30.0%

1Y

-75.0%

CSTR

CA$0.02

CryptoStar

7D

33.3%

1Y

-33.3%