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Canadian (TSX) Software Industry Analysis

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies89
  • 7D0.2%
  • 3M13.4%
  • 1Y36.5%
  • YTD11.1%

Over the last 7 days, the Software industry has remained flat, although notably Topicus.com gained 5.7%. As for the the longer term, the industry is up 37% over the past 12 months. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Feb 2024CA$122.5bCA$19.8b-CA$2,779,306,677.4524.4x-44.1x6.2x
Fri, 19 Jan 2024CA$121.9bCA$20.0b-CA$3,982,414,323.0025.7x-30.6x6.1x
Sun, 17 Dec 2023CA$116.3bCA$19.9b-CA$4,048,611,156.0026.5x-28.7x5.8x
Tue, 14 Nov 2023CA$107.4bCA$20.4b-CA$4,259,775,080.0046x-25.2x5.3x
Thu, 12 Oct 2023CA$101.3bCA$19.3b-CA$4,180,507,561.0055.7x-24.2x5.2x
Sat, 09 Sep 2023CA$103.2bCA$19.5b-CA$4,104,906,403.0055.8x-25.2x5.3x
Mon, 07 Aug 2023CA$101.6bCA$18.6b-CA$3,768,399,072.0058.5x-26.9x5.5x
Wed, 05 Jul 2023CA$104.1bCA$18.2b-CA$3,677,767,490.0073.9x-28.3x5.7x
Fri, 02 Jun 2023CA$101.4bCA$18.1b-CA$4,011,331,826.0075.8x-25.3x5.6x
Sun, 30 Apr 2023CA$97.9bCA$17.4b-CA$3,301,705,022.0066x-29.7x5.6x
Tue, 28 Mar 2023CA$93.1bCA$16.5b-CA$2,567,863,110.0037.6x-36.2x5.6x
Thu, 23 Feb 2023CA$89.0bCA$16.4b-CA$2,467,958,262.0034.3x-36.1x5.4x
Sat, 21 Jan 2023CA$85.5bCA$16.1b-CA$662,874,865.0030.4x-129x5.3x
Mon, 19 Dec 2022CA$79.8bCA$16.4b-CA$570,263,154.0035.1x-139.9x4.9x
Wed, 16 Nov 2022CA$78.2bCA$15.9b-CA$532,865,226.0035.8x-146.8x4.9x
Fri, 14 Oct 2022CA$72.9bCA$15.5b-CA$279,424,262.0044.3x-260.7x4.7x
Sun, 11 Sep 2022CA$79.6bCA$14.9b-CA$429,706,724.0042x-185.3x5.3x
Tue, 09 Aug 2022CA$86.0bCA$14.5bCA$170.2m53.7x505.1x5.9x
Thu, 07 Jul 2022CA$77.3bCA$14.0bCA$523.2m41.5x147.7x5.5x
Sat, 04 Jun 2022CA$78.7bCA$14.2bCA$178.3m58.6x441.7x5.5x
Mon, 02 May 2022CA$84.7bCA$13.6b-CA$2,688,897,334.0052.9x-31.5x6.2x
Wed, 30 Mar 2022CA$96.2bCA$13.3b-CA$3,311,301,800.0037.8x-29.1x7.2x
Fri, 25 Feb 2022CA$91.5bCA$12.9b-CA$3,189,776,306.0057.6x-28.7x7.1x
Sun, 23 Jan 2022CA$89.6bCA$11.8b-CA$3,200,860,091.0068.6x-28x7.6x
Tue, 21 Dec 2021CA$99.9bCA$12.2b-CA$3,550,307,384.0076.7x-28.1x8.2x
Thu, 18 Nov 2021CA$115.5bCA$11.8b-CA$3,412,099,468.0065.2x-33.8x9.7x
Sat, 16 Oct 2021CA$115.5bCA$10.9b-CA$3,404,777,308.0053.3x-33.9x10.6x
Mon, 13 Sep 2021CA$120.0bCA$10.9b-CA$3,323,446,338.5045.2x-36.1x11.1x
Wed, 11 Aug 2021CA$106.6bCA$10.9b-CA$3,271,006,370.5046.9x-32.6x9.8x
Sun, 06 Jun 2021CA$82.6bCA$9.1b-CA$392,308,721.2642.9x-210.6x9.1x
Wed, 10 Mar 2021CA$87.2bCA$9.5b-CA$843,848,914.4559.6x-103.3x9.1x
Price to Earnings Ratio

-103.3x


Total Market Cap: CA$87.2bTotal Earnings: -CA$843,848,914.45Total Revenue: CA$9.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Software Industry Price to Earnings3Y Average -40.2x202220232024
Current Industry PE
  • Investors are relatively neutral on the Canadian Software industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 6.8x.
Past Earnings Growth
  • The earnings for companies in the Software industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 28% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Trends

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

CA Market1.62%
Tech-0.22%
Software0.20%
Application Software0.25%
Systems Software-1.44%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 91% over the next 5 years.
    • This is better than its past earnings decline of 49% per year.
    • In contrast, the Application Software industry is expected to see its earnings grow by 25% 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
    TOI Topicus.comCA$117.355.7%
    +CA$520.0m
    35.5%PE91.6x
    LMN Lumine GroupCA$34.176.2%
    +CA$147.4m
    n/aPS4.4x
    CSU Constellation SoftwareCA$3.72k0.09%
    +CA$74.8m
    57.7%PE110.7x
    DND Dye & DurhamCA$13.406.4%
    +CA$54.2m
    -33.0%PS2x
    CMG Computer Modelling GroupCA$9.806.4%
    +CA$47.9m
    39.4%PE32.8x
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