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Canadian (TSX) Application Software Industry Analysis
UpdatedDec 14, 2025
DataAggregated Company Financials
Companies70
- 7D-1.6%
- 3M-23.0%
- 1Y-25.4%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 1.6%, driven by Constellation Software declining 1.2%. On the other hand Dye & Durham is actually up 67%. However, the industry is down 25% over the past year. Earnings are forecast to grow by 27% 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 |
|---|---|---|---|---|---|---|
| Sun, 14 Dec 2025 | CA$116.1b | CA$25.2b | CA$136.7m | 39.1x | 849.3x | 4.6x |
| Tue, 11 Nov 2025 | CA$118.3b | CA$25.4b | CA$164.0m | 50.7x | 721.4x | 4.7x |
| Thu, 09 Oct 2025 | CA$134.2b | CA$24.5b | CA$237.0m | 56.4x | 566.3x | 5.5x |
| Sat, 06 Sep 2025 | CA$154.2b | CA$24.3b | CA$235.8m | 62.6x | 653.9x | 6.3x |
| Mon, 04 Aug 2025 | CA$158.1b | CA$23.6b | CA$207.7m | 48.8x | 761.1x | 6.7x |
| Wed, 02 Jul 2025 | CA$159.4b | CA$23.2b | CA$180.1m | 40.1x | 885.1x | 6.9x |
| Fri, 30 May 2025 | CA$158.8b | CA$23.4b | CA$190.6m | 43.1x | 832.9x | 6.8x |
| Sun, 27 Apr 2025 | CA$155.3b | CA$22.8b | CA$475.5m | 27.3x | 326.7x | 6.8x |
| Tue, 25 Mar 2025 | CA$146.6b | CA$23.4b | CA$316.3m | 22.2x | 463.5x | 6.3x |
| Thu, 20 Feb 2025 | CA$158.1b | CA$22.6b | -CA$2,083,764,266.32 | 22.7x | -75.9x | 7x |
| Sat, 18 Jan 2025 | CA$146.0b | CA$22.9b | -CA$2,186,158,100.49 | 23x | -66.8x | 6.4x |
| Mon, 16 Dec 2024 | CA$154.2b | CA$22.6b | -CA$2,152,976,558.20 | 24.9x | -71.6x | 6.8x |
| Wed, 13 Nov 2024 | CA$148.2b | CA$22.1b | -CA$2,115,816,560.37 | 23.1x | -70.1x | 6.7x |
| Fri, 11 Oct 2024 | CA$141.1b | CA$21.1b | -CA$2,294,050,178.72 | 22.4x | -61.5x | 6.7x |
| Sun, 08 Sep 2024 | CA$134.9b | CA$20.8b | -CA$2,271,347,491.95 | 22.3x | -59.4x | 6.5x |
| Tue, 06 Aug 2024 | CA$133.4b | CA$20.5b | -CA$3,133,547,712.76 | 42.9x | -42.6x | 6.5x |
| Thu, 04 Jul 2024 | CA$133.1b | CA$20.1b | -CA$3,138,739,153.42 | 42.3x | -42.4x | 6.6x |
| Sat, 01 Jun 2024 | CA$126.4b | CA$20.1b | -CA$3,143,066,504.97 | 41.9x | -40.2x | 6.3x |
| Mon, 29 Apr 2024 | CA$124.8b | CA$19.4b | -CA$3,986,832,015.92 | 35.3x | -31.3x | 6.4x |
| Wed, 27 Mar 2024 | CA$126.3b | CA$19.3b | -CA$3,942,851,739.57 | 22.4x | -32x | 6.5x |
| Fri, 23 Feb 2024 | CA$117.3b | CA$18.4b | -CA$1,903,953,791.83 | 22.9x | -61.6x | 6.4x |
| Sun, 21 Jan 2024 | CA$118.5b | CA$18.5b | -CA$3,174,085,395.00 | 25.6x | -37.3x | 6.4x |
| Tue, 19 Dec 2023 | CA$111.7b | CA$18.5b | -CA$3,270,380,888.00 | 26.5x | -34.1x | 6x |
| Thu, 16 Nov 2023 | CA$103.1b | CA$18.8b | -CA$3,434,215,753.00 | 46.8x | -30x | 5.5x |
| Sat, 14 Oct 2023 | CA$95.6b | CA$17.9b | -CA$3,389,760,908.00 | 45.4x | -28.2x | 5.3x |
| Mon, 11 Sep 2023 | CA$97.3b | CA$17.9b | -CA$3,300,132,131.00 | 43.5x | -29.5x | 5.4x |
| Wed, 09 Aug 2023 | CA$96.5b | CA$17.1b | -CA$3,506,797,073.00 | 43.4x | -27.5x | 5.6x |
| Fri, 07 Jul 2023 | CA$96.2b | CA$16.8b | -CA$2,942,860,396.00 | 60.9x | -32.7x | 5.7x |
| Sun, 04 Jun 2023 | CA$96.8b | CA$16.9b | -CA$2,986,909,659.00 | 67.8x | -32.4x | 5.7x |
| Tue, 02 May 2023 | CA$94.7b | CA$16.1b | -CA$2,296,867,600.00 | 51.2x | -41.2x | 5.9x |
| Thu, 30 Mar 2023 | CA$88.9b | CA$15.2b | -CA$2,416,549,956.00 | 33.5x | -36.8x | 5.9x |
| Sat, 25 Feb 2023 | CA$83.9b | CA$15.1b | -CA$2,310,701,431.00 | 30.2x | -36.3x | 5.5x |
| Mon, 23 Jan 2023 | CA$82.5b | CA$14.8b | -CA$501,046,741.00 | 24.9x | -164.7x | 5.6x |
| Wed, 21 Dec 2022 | CA$74.9b | CA$15.0b | -CA$513,385,572.00 | 27x | -146x | 5x |
Price to Earnings Ratio
-146x
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 849x which is higher than its 3-year average PE of 126x.
- The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 4.6x.
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 | 0.76% | |
| Tech | -2.79% | |
| Software | -1.69% | |
| Application Software | -1.62% | |
| Systems Software | -3.20% | |
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 | |
|---|---|---|---|---|---|
| DND Dye & Durham | CA$4.64 | 66.9% +CA$124.9m | -78.9% | PS0.7x | |
| LSPD Lightspeed Commerce | CA$16.71 | 4.2% +CA$91.1m | -27.7% | PS1.4x | |
| CVO Coveo Solutions | CA$6.17 | 5.7% +CA$31.6m | -6.4% | PS3x | |
| NDA Neptune Digital Assets | CA$0.92 | 35.3% +CA$30.7m | -16.4% | PS63.7x | |
| QSE Quantum Secure Encryption | CA$0.73 | 46.0% +CA$15.7m | -32.4% | PB31.1x |
