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Canadian (TSX) Application Software Industry Analysis
UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies71
- 7D-8.5%
- 3M-26.8%
- 1Y-43.9%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 14%, driven by a pullback from Constellation Software of 5.9%. Meanwhile, Docebo actually outperformed within the industry, gaining 5.8% in the last week. However, the industry is down 46% over the past year. As for the next few years, earnings are expected to grow by 24% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 05 Feb 2026 | CA$84.3b | CA$25.0b | CA$151.3m | 34.1x | 557.2x | 3.4x |
| Sat, 03 Jan 2026 | CA$115.7b | CA$25.1b | CA$132.5m | 28.5x | 872.9x | 4.6x |
| Mon, 01 Dec 2025 | CA$119.9b | CA$25.5b | CA$136.9m | 39x | 875.6x | 4.7x |
| Wed, 29 Oct 2025 | CA$135.0b | CA$24.5b | CA$233.0m | 56x | 579.2x | 5.5x |
| Fri, 26 Sep 2025 | CA$141.4b | CA$24.5b | CA$240.5m | 55.8x | 588x | 5.8x |
| Sun, 24 Aug 2025 | CA$153.0b | CA$24.3b | CA$230.2m | 48.8x | 664.4x | 6.3x |
| Tue, 22 Jul 2025 | CA$164.6b | CA$23.2b | CA$165.7m | 52.9x | 993.1x | 7.1x |
| Thu, 19 Jun 2025 | CA$154.8b | CA$23.2b | CA$174.2m | 38.9x | 888.6x | 6.7x |
| Sat, 17 May 2025 | CA$163.1b | CA$23.5b | CA$958.7m | 33.1x | 170.1x | 6.9x |
| Mon, 14 Apr 2025 | CA$144.0b | CA$22.9b | CA$470.1m | 24.1x | 306.3x | 6.3x |
| Wed, 12 Mar 2025 | CA$150.3b | CA$23.8b | CA$320.9m | 20.8x | 468.5x | 6.3x |
| Fri, 07 Feb 2025 | CA$157.8b | CA$22.7b | -CA$2,148,917,746.90 | 21.8x | -73.5x | 6.9x |
| Sun, 05 Jan 2025 | CA$148.3b | CA$22.9b | -CA$2,182,231,670.83 | 23.3x | -67.9x | 6.5x |
| Tue, 03 Dec 2024 | CA$155.5b | CA$22.3b | -CA$2,132,577,848.07 | 24.9x | -72.9x | 7x |
| Thu, 31 Oct 2024 | CA$141.6b | CA$21.3b | -CA$2,319,823,044.79 | 21.9x | -61x | 6.7x |
| Sat, 28 Sep 2024 | CA$143.0b | CA$20.8b | -CA$2,262,218,952.15 | 22.1x | -63.2x | 6.9x |
| Mon, 26 Aug 2024 | CA$139.9b | CA$20.8b | -CA$2,281,333,400.34 | 22.9x | -61.3x | 6.7x |
| Wed, 24 Jul 2024 | CA$140.5b | CA$20.4b | -CA$3,180,527,870.96 | 47.9x | -44.2x | 6.9x |
| Fri, 21 Jun 2024 | CA$127.1b | CA$20.2b | -CA$3,132,488,318.37 | 34.5x | -40.6x | 6.3x |
| Sun, 19 May 2024 | CA$126.6b | CA$20.0b | -CA$3,171,571,921.13 | 35.7x | -39.9x | 6.3x |
| Tue, 16 Apr 2024 | CA$124.0b | CA$19.6b | -CA$4,007,826,967.01 | 26.5x | -30.9x | 6.3x |
| Thu, 14 Mar 2024 | CA$121.0b | CA$19.2b | -CA$3,925,685,248.99 | 24.3x | -30.8x | 6.3x |
| Sat, 10 Feb 2024 | CA$118.4b | CA$18.2b | -CA$2,044,255,287.42 | 22.2x | -57.9x | 6.5x |
| Mon, 08 Jan 2024 | CA$110.0b | CA$18.3b | -CA$3,161,613,652.00 | 26.7x | -34.8x | 6x |
| Wed, 06 Dec 2023 | CA$109.3b | CA$18.8b | -CA$3,477,490,505.00 | 26.6x | -31.4x | 5.8x |
| Fri, 03 Nov 2023 | CA$95.5b | CA$18.1b | -CA$3,340,770,335.00 | 54.6x | -28.6x | 5.3x |
| Sun, 01 Oct 2023 | CA$95.8b | CA$17.8b | -CA$3,374,948,736.00 | 42.5x | -28.4x | 5.4x |
| Tue, 29 Aug 2023 | CA$96.9b | CA$17.9b | -CA$3,375,160,498.00 | 43.4x | -28.7x | 5.4x |
| Thu, 27 Jul 2023 | CA$98.7b | CA$16.6b | -CA$3,089,313,617.00 | 61.2x | -32x | 5.9x |
| Sat, 24 Jun 2023 | CA$94.3b | CA$16.6b | -CA$2,961,352,236.00 | 60x | -31.9x | 5.7x |
| Mon, 22 May 2023 | CA$95.9b | CA$16.8b | -CA$2,193,820,587.00 | 65x | -43.7x | 5.7x |
| Wed, 19 Apr 2023 | CA$91.9b | CA$15.6b | -CA$2,312,913,320.00 | 23.9x | -39.7x | 5.9x |
| Fri, 17 Mar 2023 | CA$84.6b | CA$15.3b | -CA$2,381,427,816.00 | 27.4x | -35.5x | 5.5x |
| Sun, 12 Feb 2023 | CA$84.5b | CA$15.0b | -CA$2,056,532,468.00 | 29.6x | -41.1x | 5.6x |
Price to Earnings Ratio
-41.1x
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 519x which is higher than its 3-year average PE of 175x.
- The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 3.6x.
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 19% 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 | -1.32% | |
| Tech | -11.04% | |
| Software | -8.61% | |
| Application Software | -8.47% | |
| Systems Software | -11.65% | |
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 | |
|---|---|---|---|---|---|
| DCBO Docebo | CA$26.62 | 5.8% +CA$41.7m | -56.2% | PE24.8x | |
| CTRL Edge Total Intelligence | CA$0.89 | 23.6% +CA$14.9m | 58.9% | PS24.1x | |
| IMP Intermap Technologies | CA$1.73 | 6.8% +CA$8.0m | -34.2% | PS5.6x | |
| LABZ Metasphere Labs | CA$0.17 | 20.7% +CA$2.4m | -62.0% | PS1616.9x | |
| GOK GINSMS | CA$0.015 | 200.0% +CA$1.9m | 50.0% | PS1.8x |
