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Canadian (TSX) Software Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies79
  • 7D-5.2%
  • 3M-27.9%
  • 1Y-45.0%
  • YTD-23.4%

Over the last 7 days, the Software industry has dropped 5.2%, driven by Constellation Software declining 3.1%. Overall the industry is down 45% in 12 months. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026CA$91.6bCA$26.0bCA$163.5m36.9x560.5x3.5x
Mon, 05 Jan 2026CA$118.7bCA$26.1bCA$143.6m47.1x826.8x4.6x
Wed, 03 Dec 2025CA$122.3bCA$26.5bCA$149.9m51.1x816.3x4.6x
Fri, 31 Oct 2025CA$129.1bCA$25.6bCA$255.3m51.9x505.7x5.1x
Sun, 28 Sep 2025CA$134.3bCA$25.5bCA$263.6m55.1x509.5x5.3x
Tue, 26 Aug 2025CA$157.5bCA$25.3bCA$244.0m57.1x645.4x6.2x
Thu, 24 Jul 2025CA$166.2bCA$24.1bCA$173.7m55.6x956.8x6.9x
Sat, 21 Jun 2025CA$160.6bCA$24.3bCA$159.3m41.1x1008.1x6.6x
Mon, 19 May 2025CA$168.7bCA$24.6bCA$932.9m34.3x180.8x6.9x
Wed, 16 Apr 2025CA$148.8bCA$24.1bCA$450.4m29.7x330.3x6.2x
Fri, 14 Mar 2025CA$154.3bCA$24.9bCA$101.4m25.8x1520.8x6.2x
Sun, 09 Feb 2025CA$163.3bCA$23.9b-CA$2,374,785,406.6740.4x-68.8x6.8x
Tue, 07 Jan 2025CA$152.4bCA$24.0b-CA$2,400,229,808.3441.5x-63.5x6.4x
Thu, 05 Dec 2024CA$157.2bCA$23.6b-CA$2,333,975,024.6045.2x-67.3x6.7x
Sat, 02 Nov 2024CA$140.0bCA$22.6b-CA$2,527,881,446.9141.1x-55.4x6.2x
Mon, 30 Sep 2024CA$143.4bCA$21.9b-CA$2,462,920,457.8439.1x-58.2x6.5x
Wed, 28 Aug 2024CA$143.2bCA$21.9b-CA$2,505,371,748.5349.1x-57.2x6.5x
Fri, 26 Jul 2024CA$143.8bCA$21.6b-CA$3,427,835,957.7046.4x-42x6.7x
Sun, 23 Jun 2024CA$131.0bCA$21.6b-CA$3,385,284,807.1239.3x-38.7x6.1x
Tue, 21 May 2024CA$130.0bCA$21.5b-CA$3,427,960,806.5840.7x-37.9x6x
Thu, 18 Apr 2024CA$129.7bCA$21.1b-CA$4,273,226,818.0933.2x-30.3x6.2x
Sat, 16 Mar 2024CA$123.6bCA$20.7b-CA$4,802,886,544.3928.5x-25.7x6x
Mon, 12 Feb 2024CA$121.7bCA$19.7b-CA$2,884,020,939.0725x-42.2x6.2x
Wed, 10 Jan 2024CA$116.9bCA$19.8b-CA$3,961,278,379.0027.6x-29.5x5.9x
Fri, 08 Dec 2023CA$113.9bCA$20.2b-CA$4,236,877,137.0025.9x-26.9x5.6x
Sun, 05 Nov 2023CA$101.9bCA$19.7b-CA$4,386,307,501.0068.6x-23.2x5.2x
Tue, 03 Oct 2023CA$100.7bCA$19.4b-CA$4,200,079,623.0054.4x-24x5.2x
Thu, 31 Aug 2023CA$104.1bCA$19.4b-CA$4,144,228,476.0059.2x-25.1x5.4x
Sat, 29 Jul 2023CA$102.6bCA$18.2b-CA$3,867,055,440.0071.4x-26.5x5.6x
Mon, 26 Jun 2023CA$99.2bCA$17.9b-CA$3,938,982,418.0070.1x-25.2x5.5x
Wed, 24 May 2023CA$97.9bCA$18.1b-CA$4,085,466,870.0069.5x-24x5.4x
Fri, 21 Apr 2023CA$96.4bCA$17.0b-CA$3,319,519,767.0044.4x-29x5.7x
Sun, 19 Mar 2023CA$88.3bCA$16.7b-CA$2,545,114,172.0037.4x-34.7x5.3x
Tue, 14 Feb 2023CA$89.2bCA$16.2b-CA$2,247,509,205.0034.3x-39.7x5.5x
Price to Earnings Ratio

-39.7x


Total Market Cap: CA$89.2bTotal Earnings: -CA$2,247,509,205.00Total Revenue: CA$16.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Software Industry Price to Earnings3Y Average 201.1x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 561x which is higher than its 3-year average PE of 201x.
  • The 3-year average PS ratio of 5.9x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • Total earnings for the Software industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 17% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Tech industry?

CA Market2.07%
Tech-1.10%
Software-5.19%
Systems Software-5.19%
Application Software-5.19%
Industry PE
  • Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 176x.
    • Analysts are expecting annual earnings growth of 24.1%, which is higher than its past year's earnings growth of 6.9% per year.
  • Investors are most pessimistic about the Systems Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 69.4x.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 33% over the next 5 years.
  • However this is lower than its past earnings growth rate of 111% per year.
  • In contrast, the Application Software industry is expected to see its earnings grow by 24% 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
ABXX Abaxx TechnologiesCA$43.002.9%
+CA$44.0m		298.9%PS1940.7x
CTRL Edge Total IntelligenceCA$0.9537.7%
+CA$22.8m		79.2%PS25.8x
VERS VERSES AICA$2.60205.9%
+CA$22.2m		-93.0%PS60.3x
RAIL Railtown AI TechnologiesCA$0.377.2%
+CA$5.1m		-38.3%PE-13.4x
SHLF Shelfie-TechCA$1.5612.2%
+CA$3.9m		n/an/a

Latest News

LSPD
CA$12.65
Lightspeed Commerce
7D
-13.9%
1Y
-32.6%
CTRL
CA$0.95
Edge Total Intelligence
7D
37.7%
1Y
79.2%
HIVE
CA$3.18
HIVE Digital Technologies
7D
-15.2%
1Y
-21.7%

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Feb 06
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LMN
CA$20.00
Lumine Group
7D
-10.8%
1Y
-49.2%

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Feb 06
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KXS
CA$127.42
Kinaxis
7D
-7.3%
1Y
-23.0%

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BITF
CA$2.92
Bitfarms
7D
-7.6%
1Y
43.8%

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TOI
CA$94.72
Topicus.com
7D
-6.2%
1Y
-33.3%

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Feb 04
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CSU
CA$2,434.02
Constellation Software
7D
-3.1%
1Y
-50.4%

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Feb 04
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DSG
CA$91.25
Descartes Systems Group
7D
-10.3%
1Y
-46.7%
LABZ
CA$0.23
Metasphere Labs
7D
48.4%
1Y
-47.7%
RAIL
CA$0.37
Railtown AI Technologies
7D
7.2%
1Y
-38.3%
VERS
CA$2.60
VERSES AI
7D
205.9%
1Y
-93.0%
MHUB
CA$0.89
Minehub Technologies
7D
2.3%
1Y
48.3%
CYBE
CA$1.35
CyberCatch Holdings
7D
7.1%
1Y
110.9%
SHLF
CA$1.56
Shelfie-Tech
7D
12.2%
1Y
n/a
ABXX
CA$43.00
Abaxx Technologies
7D
2.9%
1Y
298.9%