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Canadian (TSX) Application Software Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies70
  • 7D-0.5%
  • 3M-23.9%
  • 1Y-40.2%
  • YTDn/a

Over the last 7 days, the Application Software industry has remained flat, although notably Kinaxis gained 4.8%. Unfortunately though, the industry is down 40% over the past 12 months. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026CA$86.6bCA$26.3b-CA$415,802,023.2134.4x-208.3x3.3x
Fri, 27 Feb 2026CA$87.2bCA$25.2b-CA$49,231,586.3637.5x-1770.6x3.5x
Sun, 25 Jan 2026CA$101.6bCA$25.1bCA$126.1m39.8x805.9x4.1x
Tue, 23 Dec 2025CA$117.7bCA$25.1bCA$139.3m38.9x845.2x4.7x
Thu, 20 Nov 2025CA$112.3bCA$25.6bCA$185.9m45.2x604.2x4.4x
Sat, 18 Oct 2025CA$134.0bCA$24.6bCA$235.8m54.9x568.2x5.4x
Mon, 15 Sep 2025CA$148.9bCA$24.3bCA$236.0m65.1x631x6.1x
Wed, 13 Aug 2025CA$158.5bCA$24.1bCA$148.8m50.2x1065.3x6.6x
Fri, 11 Jul 2025CA$161.5bCA$23.2bCA$169.3m41.3x954x7x
Sun, 08 Jun 2025CA$157.9bCA$23.2bCA$171.8m38.3x919x6.8x
Tue, 06 May 2025CA$159.4bCA$22.8bCA$903.4m31x176.4x7x
Thu, 03 Apr 2025CA$146.5bCA$23.5bCA$477.4m26.9x306.9x6.2x
Sat, 01 Mar 2025CA$154.5bCA$23.1b-CA$2,137,466,421.5626.7x-72.3x6.7x
Mon, 27 Jan 2025CA$152.1bCA$22.8b-CA$2,167,585,525.3526x-70.2x6.7x
Wed, 25 Dec 2024CA$149.9bCA$22.8b-CA$2,176,791,072.7325.5x-68.8x6.6x
Fri, 22 Nov 2024CA$148.7bCA$22.2b-CA$2,137,760,317.8724.1x-69.6x6.7x
Sun, 20 Oct 2024CA$143.2bCA$21.2b-CA$2,304,083,211.1722.1x-62.1x6.8x
Tue, 17 Sep 2024CA$138.8bCA$20.9b-CA$2,274,231,126.0922.1x-61x6.6x
Thu, 15 Aug 2024CA$134.2bCA$21.1b-CA$2,284,780,953.2832.2x-58.7x6.4x
Sat, 13 Jul 2024CA$135.1bCA$20.2b-CA$3,139,224,175.4544.2x-43x6.7x
Mon, 10 Jun 2024CA$128.6bCA$20.3b-CA$3,153,672,853.7838.1x-40.8x6.3x
Wed, 08 May 2024CA$127.5bCA$19.4b-CA$3,334,202,993.5735.1x-38.2x6.6x
Fri, 05 Apr 2024CA$123.7bCA$19.3b-CA$3,939,362,232.8423x-31.4x6.4x
Sun, 03 Mar 2024CA$123.4bCA$18.5b-CA$1,914,555,491.3422.3x-64.5x6.7x
Tue, 30 Jan 2024CA$120.4bCA$18.4b-CA$3,168,036,829.0027.7x-38x6.5x
Thu, 28 Dec 2023CA$113.1bCA$18.3b-CA$3,217,413,407.0027.1x-35.2x6.2x
Sat, 25 Nov 2023CA$106.7bCA$18.7b-CA$3,383,520,262.0043.1x-31.5x5.7x
Mon, 23 Oct 2023CA$95.0bCA$17.9b-CA$3,395,431,595.0043.2x-28x5.3x
Wed, 20 Sep 2023CA$96.4bCA$17.6b-CA$3,348,062,630.0042.6x-28.8x5.5x
Fri, 18 Aug 2023CA$96.5bCA$17.8b-CA$3,351,739,654.0042.2x-28.8x5.4x
Sun, 16 Jul 2023CA$97.9bCA$16.7b-CA$2,912,599,249.0062.3x-33.6x5.9x
Tue, 13 Jun 2023CA$96.3bCA$16.8b-CA$2,986,645,733.0058.4x-32.2x5.7x
Thu, 11 May 2023CA$93.7bCA$16.0b-CA$2,313,581,804.0051.8x-40.5x5.9x
Sat, 08 Apr 2023CA$91.7bCA$15.8b-CA$2,352,156,437.0032x-39x5.8x
Price to Earnings Ratio

-39x


Total Market Cap: CA$91.7bTotal Earnings: -CA$2,352,156,437.00Total Revenue: CA$15.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Application Software Industry Price to Earnings3Y Average 155.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Application Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have improved over the last three years.
  • Revenues for these companies have grown 19% per year.
  • This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.

Industry Comparison

How does Canadian Application Software compare with similar industries?

CA Market2.38%
Tech-1.51%
Software-0.39%
Application Software-0.49%
Systems Software1.98%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
KXS KinaxisCA$140.404.8%
+CA$177.2m		-10.3%PE39.5x
DSG Descartes Systems GroupCA$99.642.0%
+CA$164.3m		-31.6%PE37.6x
ABXX Abaxx TechnologiesCA$48.006.4%
+CA$106.5m		358.0%PS3328.9x
CMG Computer Modelling GroupCA$4.2817.3%
+CA$50.7m		-46.6%PE20.2x
LSPD Lightspeed CommerceCA$12.442.9%
+CA$48.1m		-2.6%PS1x

Latest News

IMP
CA$1.56
Intermap Technologies
7D
21.9%
1Y
-16.1%
BITF
CA$2.73
Bitfarms
7D
-10.5%
1Y
135.3%
CMG
CA$4.28
Computer Modelling Group
7D
17.3%
1Y
-46.6%
DSG
CA$99.64
Descartes Systems Group
7D
2.0%
1Y
-31.6%
CVO
CA$4.23
Coveo Solutions
7D
-3.6%
1Y
-24.6%

CVO: AI Partnerships And Buybacks Will Support Upside Despite Cautious Sentiment

Analysts have trimmed their average price target on Coveo Solutions by CA$1 to reflect updated assumptions around fair value, discount rates and profitability, following recent target reductions from BMO Capital, TD Securities and Stifel. Analyst Commentary Bearish analysts have responded to recent developments by cutting their formal price targets on Coveo Solutions, signalling a more cautious stance on the stock’s risk and reward profile.
DCBO
CA$24.38
Docebo
7D
-4.5%
1Y
-42.4%
ABXX
CA$48.00
Abaxx Technologies
7D
6.4%
1Y
358.0%
CSU
CA$2,441.99
Constellation Software
7D
0.04%
1Y
-46.9%
KXS
CA$140.40
Kinaxis
7D
4.8%
1Y
-10.3%

KXS: AI Supply Chain Orchestration And GPU Acceleration Will Support Future Upside

Kinaxis' updated fair value estimate edges up to CA$209.65 from CA$205.52, even as Street price targets consolidate around CA$200. Analysts point to recent target trims at several firms while still backing the long term earnings profile reflected in slightly adjusted discount rate, profit margin and future P/E assumptions.
LSPD
CA$12.44
Lightspeed Commerce
7D
2.9%
1Y
-2.6%
DGX
CA$2.81
Digi Power X
7D
-13.5%
1Y
66.3%
DND
CA$3.91
Dye & Durham
7D
-9.7%
1Y
-63.5%

DND: Ongoing Review And Contract Wins Will Drive Future Repricing Potential

Analysts have trimmed their average price target on Dye & Durham by CA$0.50 to CA$4.00, reflecting cautious views tied to limited recent progress and ongoing questions about the company's financial health. Analyst Commentary Recent research updates show a cautious but engaged analyst community, with targets clustered around the low single digits and a consistent Market Perform stance.
ENGH
CA$16.63
Enghouse Systems
7D
3.3%
1Y
-35.4%

ENGH: Share Repurchases And Dividend Policy Will Support Future Upside Potential

Enghouse Systems' updated Analyst Price Target has shifted from CA$21.25 to CA$18.13 as analysts factor in lower fair value estimates, along with more cautious assumptions for revenue growth, profit margins and future P/E multiples, as reflected in recent Street target cuts to CA$17, CA$18.50 and CA$20. Analyst Commentary Recent Street commentary on Enghouse Systems centers on lower price targets in a relatively tight range of CA$17 to CA$20, with ratings clustered around Hold, Neutral and Sector Perform.
LMN
CA$22.16
Lumine Group
7D
-4.0%
1Y
-47.4%
TOI
CA$91.94
Topicus.com
7D
-4.7%
1Y
-35.7%
HIVE
CA$2.60
HIVE Digital Technologies
7D
-9.1%
1Y
18.2%