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Canadian (TSX) IT Industry Analysis

UpdatedJun 21, 2025
DataAggregated Company Financials
Companies8
  • 7D-1.6%
  • 3M2.2%
  • 1Y6.4%
  • YTD-7.9%

Last week, the IT industry hasn't moved much but Alithya Group is up 22% in that time. As for the the longer term, the industry is up 8.2% over the past 12 months. 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
Sat, 21 Jun 2025CA$33.1bCA$15.7bCA$1.7b18.4x19.2x2.1x
Mon, 19 May 2025CA$33.9bCA$15.7bCA$1.7b10.2x19.6x2.2x
Wed, 16 Apr 2025CA$33.4bCA$18.0bCA$1.5b10x21.7x1.9x
Fri, 14 Mar 2025CA$34.8bCA$18.0bCA$1.5b10.5x22.6x1.9x
Sun, 09 Feb 2025CA$39.4bCA$18.0bCA$1.5b12.5x25.5x2.2x
Tue, 07 Jan 2025CA$36.6bCA$17.8bCA$1.5b11.9x24.4x2.1x
Thu, 05 Dec 2024CA$36.4bCA$17.8bCA$1.5b12x24.3x2x
Sat, 02 Nov 2024CA$35.6bCA$17.7bCA$1.5b11.7x24.2x2x
Mon, 30 Sep 2024CA$35.8bCA$17.7bCA$1.5b11.3x24.4x2x
Wed, 28 Aug 2024CA$34.5bCA$17.7bCA$1.5b10.6x23.5x1.9x
Fri, 26 Jul 2024CA$34.5bCA$17.7bCA$1.6b10.5x21.4x1.9x
Sun, 23 Jun 2024CA$31.9bCA$17.7bCA$1.6b9.5x19.9x1.8x
Tue, 21 May 2024CA$34.0bCA$17.8bCA$1.6b10.2x21.7x1.9x
Thu, 18 Apr 2024CA$34.5bCA$17.8bCA$1.5b6.3x22.7x1.9x
Sat, 16 Mar 2024CA$38.1bCA$17.8bCA$1.5b6.3x25x2.1x
Mon, 12 Feb 2024CA$36.6bCA$17.8bCA$1.5b11.2x24.3x2.1x
Wed, 10 Jan 2024CA$33.8bCA$17.7bCA$1.5b10.4x23.2x1.9x
Fri, 08 Dec 2023CA$33.9bCA$17.7bCA$1.5b10.6x23.3x1.9x
Sun, 05 Nov 2023CA$32.8bCA$17.3bCA$1.4b36.8x23x1.9x
Tue, 03 Oct 2023CA$32.2bCA$17.3bCA$1.4b34.4x22.6x1.9x
Thu, 31 Aug 2023CA$33.8bCA$17.3bCA$1.4b34.8x23.6x2x
Sat, 29 Jul 2023CA$31.5bCA$17.2bCA$1.5b21.7x21.7x1.8x
Mon, 26 Jun 2023CA$32.4bCA$16.9bCA$1.4b22.3x23.3x1.9x
Wed, 24 May 2023CA$33.3bCA$16.9bCA$1.4b23.2x23.8x2x
Fri, 21 Apr 2023CA$32.2bCA$16.2bCA$1.4b27.3x23.1x2x
Sun, 19 Mar 2023CA$38.5bCA$17.4bCA$1.4b29.8x26.9x2.2x
Tue, 14 Feb 2023CA$37.8bCA$17.6bCA$1.4b34.8x26.8x2.1x
Thu, 12 Jan 2023CA$35.1bCA$17.3bCA$1.4b27x25.7x2x
Sat, 10 Dec 2022CA$34.5bCA$17.3bCA$1.4b25.2x24.9x2x
Mon, 07 Nov 2022CA$32.4bCA$16.8bCA$1.3b32.5x24.2x1.9x
Wed, 05 Oct 2022CA$33.5bCA$16.7bCA$1.4b37.8x24.7x2x
Fri, 02 Sep 2022CA$31.6bCA$16.7bCA$1.4b36.3x23.3x1.9x
Sun, 31 Jul 2022CA$34.7bCA$16.3bCA$1.3b57.6x26.4x2.1x
Tue, 28 Jun 2022CA$34.1bCA$16.1bCA$1.3b62x26x2.1x
Price to Earnings Ratio

26x


Total Market Cap: CA$34.1bTotal Earnings: CA$1.3bTotal Revenue: CA$16.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian IT Industry Price to Earnings3Y Average 23.5x202320242025
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 19.1x which is lower than its 3-year average PE of 23.5x.
  • 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 9.5% 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-0.28%
Tech0.43%
IT-1.60%
Data Processing Services0%0
IT Consulting-1.60%
Internet Services and Infrastructure-4.14%
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
ALYA Alithya GroupCA$2.409.6%
+CA$20.9m		14.3%PE184x
CSTR CryptoStarCA$0.0233.3%
+CA$2.1m		-33.3%PS5.1x
PVT PivotreeCA$1.212.5%
+CA$768.3k		-6.2%PS0.4x
ICS Integrated Cyber SolutionsCA$0.264.0%
+CA$617.0k		372.7%PS56.9x

Latest News

HIDE
CA$0.14
Hydaway Digital
7D
-6.7%
1Y
n/a
ALYA
CA$2.40
Alithya Group
7D
9.6%
1Y
14.3%
ICS
CA$0.26
Integrated Cyber Solutions
7D
4.0%
1Y
372.7%
GIB.A
CA$144.61
CGI
7D
-1.7%
1Y
6.4%

CGI Inc.'s (TSE:GIB.A) Popularity With Investors Is Under Threat From Overpricing

Jun 11
CGI Inc.'s (TSE:GIB.A) Popularity With Investors Is Under Threat From Overpricing
DM
CA$0.075
Datametrex AI
7D
-16.7%
1Y
-87.5%
SIX
CA$0.06
Sixty Six Capital
7D
-14.3%
1Y
100.0%
CSTR
CA$0.02
CryptoStar
7D
33.3%
1Y
-33.3%
ECOM
CA$0.045
EMERGE Commerce
7D
-10.0%
1Y
-10.0%
CCDS
CA$0.70
Carrier Connect Data Solutions
7D
-12.5%
1Y
n/a
PVT
CA$1.21
Pivotree
7D
2.5%
1Y
-6.2%