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Canadian (TSX) Application Software Industry Analysis

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies73
  • 7D-11.8%
  • 3M-21.8%
  • 1Y-30.0%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 10%, driven by Constellation Software declining 15%. On the other hand Abaxx Technologies is actually up 12%. Overall the industry is down 29% in 12 months. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 Jan 2026CA$105.1bCA$25.3bCA$129.4m41.7x811.9x4.2x
Thu, 18 Dec 2025CA$114.7bCA$25.2bCA$135.6m38.4x845.9x4.6x
Sat, 15 Nov 2025CA$113.6bCA$25.4bCA$156.1m48.4x727.5x4.5x
Mon, 13 Oct 2025CA$135.9bCA$24.6bCA$238.3m55.3x570.4x5.5x
Wed, 10 Sep 2025CA$154.5bCA$24.3bCA$235.9m62x655.1x6.3x
Fri, 08 Aug 2025CA$158.0bCA$23.5bCA$288.7m51.1x547.4x6.7x
Sun, 06 Jul 2025CA$161.7bCA$23.1bCA$168.4m41.2x959.9x7x
Tue, 03 Jun 2025CA$161.1bCA$23.2bCA$175.2m39.9x919.4x6.9x
Thu, 01 May 2025CA$157.6bCA$22.7bCA$470.8m28.5x334.7x6.9x
Sat, 29 Mar 2025CA$147.7bCA$23.5bCA$431.7m22.2x342.2x6.3x
Mon, 24 Feb 2025CA$154.1bCA$22.6b-CA$2,088,564,672.6124.9x-73.8x6.8x
Wed, 22 Jan 2025CA$146.4bCA$22.7b-CA$2,168,000,724.5322.9x-67.5x6.4x
Fri, 20 Dec 2024CA$147.7bCA$22.8b-CA$2,180,647,465.7123x-67.7x6.5x
Sun, 17 Nov 2024CA$146.8bCA$22.3b-CA$2,152,579,480.0422.1x-68.2x6.6x
Tue, 15 Oct 2024CA$142.3bCA$21.1b-CA$2,296,800,474.1321.9x-62x6.7x
Thu, 12 Sep 2024CA$138.0bCA$20.8b-CA$2,272,920,894.4722.4x-60.7x6.6x
Sat, 10 Aug 2024CA$133.8bCA$20.5b-CA$2,421,432,177.7432.5x-55.2x6.5x
Mon, 08 Jul 2024CA$133.2bCA$20.1b-CA$3,139,497,798.9943.2x-42.4x6.6x
Wed, 05 Jun 2024CA$127.3bCA$20.2b-CA$3,132,310,975.9537.2x-40.6x6.3x
Fri, 03 May 2024CA$124.5bCA$19.4b-CA$3,313,827,633.1235.3x-37.6x6.4x
Sun, 31 Mar 2024CA$126.1bCA$19.3b-CA$3,932,688,098.6422.2x-32.1x6.5x
Tue, 27 Feb 2024CA$120.8bCA$18.4b-CA$1,903,761,705.1523.4x-63.4x6.6x
Thu, 25 Jan 2024CA$119.3bCA$18.5b-CA$3,190,242,239.0025.8x-37.4x6.4x
Sat, 23 Dec 2023CA$111.4bCA$18.3b-CA$3,248,673,616.0027.2x-34.3x6.1x
Mon, 20 Nov 2023CA$106.1bCA$18.8b-CA$3,398,833,939.0030.3x-31.2x5.6x
Wed, 18 Oct 2023CA$96.2bCA$17.9b-CA$3,386,454,750.0044.1x-28.4x5.4x
Fri, 15 Sep 2023CA$97.3bCA$17.7b-CA$3,362,385,903.0043.6x-28.9x5.5x
Sun, 13 Aug 2023CA$97.5bCA$17.2b-CA$3,371,507,620.0042.3x-28.9x5.7x
Tue, 11 Jul 2023CA$95.7bCA$16.7b-CA$2,927,138,054.0062.1x-32.7x5.7x
Thu, 08 Jun 2023CA$97.3bCA$16.8b-CA$2,978,811,957.0068.2x-32.7x5.8x
Sat, 06 May 2023CA$92.3bCA$16.0b-CA$2,323,363,247.0051.1x-39.7x5.8x
Mon, 03 Apr 2023CA$92.0bCA$15.7b-CA$2,384,137,853.0031.2x-38.6x5.8x
Wed, 01 Mar 2023CA$84.8bCA$15.2b-CA$2,307,665,631.0029.7x-36.7x5.6x
Fri, 27 Jan 2023CA$82.8bCA$14.8b-CA$503,450,312.0024.9x-164.5x5.6x
Price to Earnings Ratio

-164.5x


Total Market Cap: CA$82.8bTotal Earnings: -CA$503,450,312.00Total Revenue: CA$14.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Application Software Industry Price to Earnings3Y Average 161x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Application Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 805x which is higher than its 3-year average PE of 160x.
  • The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • Total earnings for the Application Software industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 20% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

How does Canadian Application Software compare with similar industries?

CA Market0.93%
Tech-7.54%
Software-11.51%
Application Software-11.82%
Systems Software-4.02%
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
ABXX Abaxx TechnologiesCA$48.1011.4%
+CA$180.6m		327.2%PS2168.5x
ACT Aduro Clean TechnologiesCA$19.605.9%
+CA$38.1m		147.2%PS2136.7x
HIVE HIVE Digital TechnologiesCA$4.632.2%
+CA$23.8m		-0.6%PE23.1x
URAI Inturai VenturesCA$0.2945.0%
+CA$10.0m		314.3%n/a
QBTQ SuperQ Quantum ComputingCA$1.2014.3%
+CA$4.8m		500.0%PB76.6x

Latest News

CSU
CA$2,791.01
Constellation Software
7D
-16.1%
1Y
-36.0%
DGX
CA$4.20
Digi Power X
7D
1.4%
1Y
20.3%

After Leaping 36% Digi Power X Inc. (CVE:DGX) Shares Are Not Flying Under The Radar

Jan 17
After Leaping 36% Digi Power X Inc. (CVE:DGX) Shares Are Not Flying Under The Radar
BITF
CA$3.89
Bitfarms
7D
-7.6%
1Y
56.2%
ACT
CA$19.60
Aduro Clean Technologies
7D
5.9%
1Y
147.2%
DCBO
CA$26.69
Docebo
7D
-11.1%
1Y
-56.1%

Investors Shouldn't Overlook Docebo's (TSE:DCBO) Impressive Returns On Capital

Jan 15
Investors Shouldn't Overlook Docebo's (TSE:DCBO) Impressive Returns On Capital
LSPD
CA$16.02
Lightspeed Commerce
7D
-5.5%
1Y
-23.8%
LMN
CA$24.48
Lumine Group
7D
-6.2%
1Y
-40.4%

Lumine Group (CVE:LMN) Seems To Use Debt Rather Sparingly

Jan 11
Lumine Group (CVE:LMN) Seems To Use Debt Rather Sparingly
THNC
CA$2.06
Thinkific Labs
7D
2.5%
1Y
-33.8%

THNC: Share Repurchases And Market Perform Rating Will Support Future Upside

Analysts have trimmed their price target on Thinkific Labs to C$3.01 from C$3.05, citing slightly lower profit margin assumptions and a modestly higher future P/E. This adjustment is consistent with a recent downgrade to Market Perform and a C$3 target from Street research.
DSG
CA$121.31
Descartes Systems Group
7D
-1.4%
1Y
-27.5%

DSG: Softer Freight Cycle And Buyback Plan Will Shape Future Returns

Analysts have trimmed their price target on Descartes Systems Group to about $102 from roughly $112, citing a softer transport cycle, weaker shipment volume data, pressure on peer multiples, and updated assumptions for revenue growth, profit margins, discount rate and future P/E. These factors collectively point to a slightly higher intrinsic value estimate of about $134 per share.
QBTQ
CA$1.20
SuperQ Quantum Computing
7D
14.3%
1Y
500.0%
KXS
CA$161.97
Kinaxis
7D
-10.3%
1Y
-6.1%
HIVE
CA$4.63
HIVE Digital Technologies
7D
2.2%
1Y
-0.6%
CTRL
CA$0.69
Edge Total Intelligence
7D
7.8%
1Y
46.8%
TOI
CA$113.02
Topicus.com
7D
-9.8%
1Y
-14.4%

Some Investors May Be Worried About Topicus.com's (CVE:TOI) Returns On Capital

Dec 20
Some Investors May Be Worried About Topicus.com's (CVE:TOI) Returns On Capital
ABXX
CA$48.10
Abaxx Technologies
7D
11.4%
1Y
327.2%
URAI
CA$0.29
Inturai Ventures
7D
45.0%
1Y
314.3%