HIVE Digital Technologies (CVE:HIVE) Is Looking To Continue Growing Its Returns On Capital
Aug 16
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Canadian (TSX) Application Software Industry Analysis
UpdatedAug 16, 2025
DataAggregated Company Financials
Companies69
- 7D-4.6%
- 3M-10.3%
- 1Y6.8%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 7.6%, driven by a pullback from Constellation Software of 5.4%. In contrast, HIVE Digital Technologies has gained 8.4%. In the past year, the industry has gained 4.9%. Looking forward, earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Canadian Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 16 Aug 2025 | CA$144.6b | CA$24.3b | CA$229.6m | 47x | 629.8x | 6x |
| Mon, 14 Jul 2025 | CA$160.0b | CA$23.2b | CA$165.8m | 40.7x | 964.9x | 6.9x |
| Wed, 11 Jun 2025 | CA$156.7b | CA$23.2b | CA$171.5m | 39.5x | 913.7x | 6.8x |
| Fri, 09 May 2025 | CA$160.6b | CA$22.9b | CA$985.5m | 29.1x | 163x | 7x |
| Sun, 06 Apr 2025 | CA$139.2b | CA$23.3b | CA$483.9m | 25.3x | 287.7x | 6x |
| Tue, 04 Mar 2025 | CA$156.2b | CA$23.2b | -CA$2,129,487,621.81 | 26.7x | -73.4x | 6.7x |
| Thu, 30 Jan 2025 | CA$153.3b | CA$22.9b | -CA$2,180,742,684.85 | 24.8x | -70.3x | 6.7x |
| Sat, 28 Dec 2024 | CA$149.9b | CA$22.8b | -CA$2,176,313,080.60 | 25.5x | -68.9x | 6.6x |
| Mon, 25 Nov 2024 | CA$151.0b | CA$22.2b | -CA$2,140,643,257.25 | 28x | -70.5x | 6.8x |
| Wed, 23 Oct 2024 | CA$141.9b | CA$21.2b | -CA$2,306,753,786.62 | 22.1x | -61.5x | 6.7x |
| Fri, 20 Sep 2024 | CA$138.6b | CA$20.8b | -CA$2,268,250,705.90 | 23x | -61.1x | 6.6x |
| Sun, 18 Aug 2024 | CA$138.1b | CA$21.1b | -CA$2,278,363,993.20 | 32x | -60.6x | 6.6x |
| Tue, 16 Jul 2024 | CA$136.9b | CA$20.2b | -CA$3,155,911,979.21 | 43.6x | -43.4x | 6.8x |
| Thu, 13 Jun 2024 | CA$127.8b | CA$20.2b | -CA$3,139,614,882.28 | 36.5x | -40.7x | 6.3x |
| Sat, 11 May 2024 | CA$129.0b | CA$19.4b | -CA$3,294,107,365.00 | 35.5x | -39.2x | 6.6x |
| Mon, 08 Apr 2024 | CA$124.8b | CA$19.3b | -CA$3,949,540,577.49 | 22.8x | -31.6x | 6.5x |
| Wed, 06 Mar 2024 | CA$122.4b | CA$18.7b | -CA$3,955,981,107.84 | 24.4x | -30.9x | 6.6x |
| Fri, 02 Feb 2024 | CA$121.5b | CA$18.4b | -CA$3,153,330,172.00 | 26.4x | -38.5x | 6.6x |
| Sun, 31 Dec 2023 | CA$112.2b | CA$18.3b | -CA$3,229,732,753.00 | 26.8x | -34.7x | 6.1x |
| Tue, 28 Nov 2023 | CA$106.3b | CA$18.7b | -CA$3,379,391,171.00 | 42.4x | -31.5x | 5.7x |
| Thu, 26 Oct 2023 | CA$93.9b | CA$18.0b | -CA$3,411,200,533.00 | 42.9x | -27.5x | 5.2x |
| Sat, 23 Sep 2023 | CA$93.6b | CA$17.7b | -CA$3,355,703,952.00 | 41.2x | -27.9x | 5.3x |
| Mon, 21 Aug 2023 | CA$95.1b | CA$17.8b | -CA$3,357,042,193.00 | 42.1x | -28.3x | 5.3x |
| Wed, 19 Jul 2023 | CA$100.2b | CA$16.6b | -CA$2,903,292,455.00 | 63.4x | -34.5x | 6x |
| Fri, 16 Jun 2023 | CA$96.6b | CA$16.7b | -CA$2,966,304,965.00 | 62.2x | -32.6x | 5.8x |
| Sun, 14 May 2023 | CA$91.4b | CA$16.1b | -CA$2,216,864,602.00 | 52x | -41.2x | 5.7x |
| Tue, 11 Apr 2023 | CA$92.2b | CA$15.7b | -CA$2,328,854,559.00 | 31.2x | -39.6x | 5.9x |
| Thu, 09 Mar 2023 | CA$85.0b | CA$15.4b | -CA$2,329,751,629.00 | 29.2x | -36.5x | 5.5x |
| Sat, 04 Feb 2023 | CA$85.6b | CA$14.9b | -CA$516,660,007.00 | 23.9x | -165.7x | 5.7x |
| Mon, 02 Jan 2023 | CA$75.8b | CA$15.0b | -CA$509,384,604.00 | 24.1x | -148.8x | 5.1x |
| Wed, 30 Nov 2022 | CA$74.1b | CA$14.9b | -CA$463,344,727.00 | 27.9x | -159.9x | 5x |
| Fri, 28 Oct 2022 | CA$72.5b | CA$14.0b | -CA$231,268,990.00 | 28.1x | -313.6x | 5.2x |
| Sun, 25 Sep 2022 | CA$68.8b | CA$14.1b | -CA$242,713,948.00 | 20.4x | -283.6x | 4.9x |
| Tue, 23 Aug 2022 | CA$76.9b | CA$13.6b | -CA$232,688,082.00 | 31.1x | -330.4x | 5.7x |
Price to Earnings Ratio
-330.4x
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 946x which is higher than its 3-year average PE of 23.6x.
- The industry is trading close to its 3-year average PS ratio of 6.1x.
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 21% 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 Market | 0.86% | |
| Tech | -4.26% | |
| Software | -4.59% | |
| Application Software | -4.57% | |
| Systems Software | -5.22% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HIVE HIVE Digital Technologies | CA$3.09 | 8.4% +CA$272.7m | -26.3% | PE13.3x | |
| LSPD Lightspeed Commerce | CA$17.10 | 3.1% +CA$69.0m | -6.5% | PS1.5x | |
| ISTK Intellistake Technologies | CA$1.90 | 46.2% +CA$64.8m | 1,800.0% | PS125.6x | |
| ZOMD Zoomd Technologies | CA$1.82 | 34.8% +CA$46.9m | 857.9% | PE7.7x | |
| DCBO Docebo | CA$43.62 | 3.8% +CA$46.0m | -24.3% | PE42.3x |