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Canadian (TSX) IT Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies10
  • 7D-2.5%
  • 3M-9.3%
  • 1Y-36.4%
  • YTD-25.0%

The IT industry has stayed flat over the last week. Unfortunately though, the industry is down 36% over the past 12 months. Earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026CA$19.9bCA$16.9bCA$1.6b10.2x12.2x1.2x
Mon, 04 May 2026CA$19.2bCA$16.9bCA$1.6b10.8x11.7x1.1x
Wed, 01 Apr 2026CA$21.7bCA$16.8bCA$1.6b10.8x13.3x1.3x
Fri, 27 Feb 2026CA$20.9bCA$16.8bCA$1.6b12.8x12.8x1.2x
Sun, 25 Jan 2026CA$26.5bCA$16.5bCA$1.6b13.7x16.2x1.6x
Tue, 23 Dec 2025CA$28.1bCA$16.5bCA$1.6b13.6x17.2x1.7x
Thu, 20 Nov 2025CA$26.3bCA$16.5bCA$1.6b11.6x16.1x1.6x
Sat, 18 Oct 2025CA$27.3bCA$16.1bCA$1.7b15.7x15.9x1.7x
Mon, 15 Sep 2025CA$28.8bCA$16.1bCA$1.7b16.7x16.8x1.8x
Wed, 13 Aug 2025CA$29.3bCA$16.1bCA$1.7b60.2x17.2x1.8x
Fri, 11 Jul 2025CA$31.6bCA$15.7bCA$1.7b37.7x18.3x2x
Sun, 08 Jun 2025CA$33.1bCA$15.7bCA$1.7b16x19.2x2.1x
Tue, 06 May 2025CA$32.4bCA$15.7bCA$1.7b10.2x18.8x2.1x
Thu, 03 Apr 2025CA$33.6bCA$18.0bCA$1.5b10.3x21.8x1.9x
Sat, 01 Mar 2025CA$37.0bCA$18.0bCA$1.5b10.8x24x2.1x
Mon, 27 Jan 2025CA$37.0bCA$17.8bCA$1.5b12.5x24.7x2.1x
Wed, 25 Dec 2024CA$36.5bCA$17.8bCA$1.5b11.8x24.4x2x
Fri, 22 Nov 2024CA$35.5bCA$17.8bCA$1.5b12x23.7x2x
Sun, 20 Oct 2024CA$37.3bCA$17.7bCA$1.5b11.8x25.4x2.1x
Tue, 17 Sep 2024CA$36.5bCA$17.7bCA$1.5b11.1x24.8x2.1x
Thu, 15 Aug 2024CA$34.2bCA$17.8bCA$1.5b10.2x23.3x1.9x
Sat, 13 Jul 2024CA$33.4bCA$17.7bCA$1.6b10.1x20.8x1.9x
Mon, 10 Jun 2024CA$32.8bCA$17.8bCA$1.6b9.8x20.8x1.8x
Wed, 08 May 2024CA$33.7bCA$17.8bCA$1.6b6.3x21.5x1.9x
Fri, 05 Apr 2024CA$35.2bCA$17.8bCA$1.5b6.3x23.1x2x
Sun, 03 Mar 2024CA$37.6bCA$17.8bCA$1.5b11.5x24.8x2.1x
Tue, 30 Jan 2024CA$35.4bCA$17.7bCA$1.5b11x24.3x2x
Thu, 28 Dec 2023CA$34.1bCA$17.7bCA$1.5b10.5x23.5x1.9x
Sat, 25 Nov 2023CA$33.3bCA$17.7bCA$1.5b10.2x22.8x1.9x
Mon, 23 Oct 2023CA$32.2bCA$17.3bCA$1.4b34.1x22.5x1.9x
Wed, 20 Sep 2023CA$33.3bCA$17.3bCA$1.4b36.7x23.3x1.9x
Fri, 18 Aug 2023CA$32.8bCA$17.3bCA$1.4b31.8x22.9x1.9x
Sun, 16 Jul 2023CA$34.2bCA$16.8bCA$1.4b23.7x24.4x2x
Tue, 13 Jun 2023CA$33.7bCA$16.9bCA$1.4b23.8x24.3x2x
Price to Earnings Ratio

24.3x


Total Market Cap: CA$33.7bTotal Earnings: CA$1.4bTotal Revenue: CA$16.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 20.6x202420252026
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 12.0x which is lower than its 3-year average PE of 20.6x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.2x.
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-1.18%
Tech-0.15%
IT-2.52%
Internet Services and Infrastructure8.82%
Data Processing Services0%0
IT Consulting-2.56%
Industry PE
  • Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 20.0x.
    • Analysts are expecting annual earnings growth of 7.4%, 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 7.4% 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 7.4% 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
CCDS Carrier Connect Data SolutionsCA$1.2517.9%
+CA$6.2m		56.3%PS24.4x
DM Datametrex AICA$0.04512.5%
+CA$762.9k		-62.5%PS1.2x
HIDE Hydaway DigitalCA$0.603.4%
+CA$718.6k		300.0%PB46.4x

Latest News

GIB.A
CA$93.83
CGI
7D
-2.5%
1Y
-36.5%
Narrative Update • Jun 04

GIB.A: Future Upside Will Rely On AI Public Sector Contracts

Analysts have trimmed their fair value estimate for CGI to CA$121.00 from CA$149.62. This reflects lower CA$ price targets across several firms as they factor in more conservative revenue growth, slightly softer profit margins, and a reduced future P/E assumption.
ICS
CA$0.76
Integrated Cyber Solutions
7D
-6.2%
1Y
216.7%
PVT
CA$1.50
Pivotree
7D
-2.6%
1Y
26.1%
CCDS
CA$1.25
Carrier Connect Data Solutions
7D
17.9%
1Y
56.3%
SIX
CA$0.04
Sixty Six Capital
7D
-11.1%
1Y
-42.9%
ECOM
CA$0.085
EMERGE Commerce
7D
-10.5%
1Y
70.0%
SONI
CA$0.09
SonicStrategy
7D
-10.0%
1Y
-92.3%
NERD
CA$0.03
Nerds on Site
7D
-14.3%
1Y
20.0%
DM
CA$0.045
Datametrex AI
7D
12.5%
1Y
-62.5%
HIDE
CA$0.60
Hydaway Digital
7D
3.4%
1Y
300.0%
ALYA
CA$1.22
Alithya Group
7D
-5.4%
1Y
-34.1%