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Canadian (TSX) Application Software Industry Analysis

UpdatedJul 26, 2026
DataAggregated Company Financials
Companies72
  • 7D-4.4%
  • 3M-3.9%
  • 1Y-45.0%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 4.4%, driven by a pullback from Constellation Software of 4.8%. The industry has fallen 45% in the last year. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Jul 2026CA$94.1bCA$27.0bCA$842.9m24.5x111.7x3.5x
Tue, 23 Jun 2026CA$99.5bCA$27.0bCA$882.6m24.5x112.7x3.7x
Thu, 21 May 2026CA$97.1bCA$26.2bCA$112.9m33x860.1x3.7x
Sat, 18 Apr 2026CA$92.4bCA$25.6b-CA$143,801,824.8734.8x-642.4x3.6x
Mon, 16 Mar 2026CA$90.9bCA$26.0b-CA$186,787,291.3938.1x-486.8x3.5x
Wed, 11 Feb 2026CA$88.1bCA$24.8bCA$144.6m31.6x608.9x3.5x
Fri, 09 Jan 2026CA$114.8bCA$25.3bCA$134.2m39x855.4x4.5x
Sun, 07 Dec 2025CA$117.9bCA$25.2bCA$145.4m39.5x811x4.7x
Tue, 04 Nov 2025CA$127.5bCA$24.6bCA$228.1m54.4x559.1x5.2x
Thu, 02 Oct 2025CA$131.8bCA$24.5bCA$238.6m53.1x552.5x5.4x
Sat, 30 Aug 2025CA$149.5bCA$24.1bCA$226.2m61.5x660.9x6.2x
Mon, 28 Jul 2025CA$163.9bCA$23.3bCA$163.2m51.6x1004.3x7x
Wed, 25 Jun 2025CA$158.7bCA$23.3bCA$176.4m39.8x899.6x6.8x
Fri, 23 May 2025CA$158.8bCA$23.4bCA$944.8m34.3x168.1x6.8x
Sun, 20 Apr 2025CA$148.7bCA$22.8bCA$474.6m26x313.3x6.5x
Tue, 18 Mar 2025CA$147.6bCA$23.4bCA$316.4m21.4x466.6x6.3x
Thu, 13 Feb 2025CA$156.8bCA$22.7b-CA$2,112,752,059.4021.4x-74.2x6.9x
Sat, 11 Jan 2025CA$144.2bCA$22.8b-CA$2,180,671,594.0323.3x-66.1x6.3x
Mon, 09 Dec 2024CA$155.4bCA$22.5b-CA$2,131,951,182.0624.3x-72.9x6.9x
Wed, 06 Nov 2024CA$140.7bCA$21.3b-CA$2,026,921,489.1121.8x-69.4x6.6x
Fri, 04 Oct 2024CA$140.9bCA$20.8b-CA$2,269,795,739.5622.4x-62.1x6.8x
Sun, 01 Sep 2024CA$140.5bCA$20.7b-CA$2,259,946,955.7122.6x-62.2x6.8x
Tue, 30 Jul 2024CA$145.3bCA$20.4b-CA$3,192,994,235.8645.5x-45.5x7.1x
Thu, 27 Jun 2024CA$130.0bCA$20.2b-CA$3,155,118,858.3441.2x-41.2x6.4x
Sat, 25 May 2024CA$126.6bCA$20.1b-CA$3,171,368,333.4538.5x-39.9x6.3x
Mon, 22 Apr 2024CA$124.4bCA$19.5b-CA$4,006,444,051.0835.1x-31x6.4x
Wed, 20 Mar 2024CA$119.6bCA$19.3b-CA$3,945,410,121.3422.2x-30.3x6.2x
Fri, 16 Feb 2024CA$118.9bCA$18.3b-CA$1,921,501,649.5622.2x-61.9x6.5x
Sun, 14 Jan 2024CA$116.3bCA$18.4b-CA$3,170,171,178.0028.5x-36.7x6.3x
Tue, 12 Dec 2023CA$110.8bCA$18.7b-CA$3,294,724,473.0025.9x-33.6x5.9x
Thu, 09 Nov 2023CA$98.6bCA$18.3b-CA$3,508,848,631.0056.7x-28.1x5.4x
Sat, 07 Oct 2023CA$97.7bCA$17.9b-CA$3,390,246,531.0043.9x-28.8x5.5x
Mon, 04 Sep 2023CA$100.0bCA$17.8b-CA$3,312,232,063.0045.3x-30.2x5.6x
Wed, 02 Aug 2023CA$98.7bCA$16.7b-CA$3,100,546,365.0060.7x-31.8x5.9x
Price to Earnings Ratio

-31.8x


Total Market Cap: CA$98.7bTotal Earnings: -CA$3,100,546,365.00Total Revenue: CA$16.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Application Software Industry Price to Earnings3Y Average 155.7x202420252026
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 industry is trading at a PE ratio of 112x which is lower than its 3-year average PE of 156x.
  • The 3-year average PS ratio of 5.7x is higher than the industry's current PS ratio of 3.5x.
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 17% 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 Market0.56%
Tech-2.25%
Software-4.36%
Application Software-4.42%
Systems Software-3.67%
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
XNDU Xanadu Quantum TechnologiesCA$14.453.4%
+CA$143.3m		n/aPS453.2x
HIVE HIVE Digital TechnologiesCA$4.184.8%
+CA$50.8m		33.5%PS2.7x
TOI Topicus.comCA$92.560.4%
+CA$27.6m		-51.9%PE154.8x
CTRL Edge Total IntelligenceCA$0.5118.6%
+CA$7.2m		4.1%PS10.4x
QSE Quantum Secure EncryptionCA$0.5510.0%
+CA$3.4m		52.8%PS153.7x

Latest News

CSU
CA$2,667.24
Constellation Software
7D
-4.8%
1Y
-45.5%
New Narrative • Jul 24

Constellation Software: A Proven Serial Acquirer at a Discount

Thesis Constellation Software is a permanent holding company that has spent decades acquiring small, highly specialized vertical market software businesses, letting them run with full operational autonomy, and recycling the cash flow into new acquisitions. The real value driver isn't organic growth but the combination of sticky, stable underlying businesses and disciplined capital reinvestment at high returns.
QSE
CA$0.55
Quantum Secure Encryption
7D
10.0%
1Y
52.8%
DND
CA$1.24
Dye & Durham
7D
3.3%
1Y
-85.9%
Narrative Update • Jul 21

DND: Weaker Margins And Leadership Changes Will Still Offer Future Upside

The analyst fair value estimate for Dye & Durham has been revised to CA$2.50 from CA$3.50, reflecting recent price target cuts from CA$4 to CA$3.50 and then to CA$2.50, as analysts factor in slightly weaker revenue growth, a lower profit margin outlook, and a reduced future P/E multiple. Analyst Commentary Recent research updates on Dye & Durham point to a more cautious stance, with bearish analysts trimming their price targets and signaling a more measured outlook on the stock's risk and reward profile.
KXS
CA$147.60
Kinaxis
7D
-4.5%
1Y
-29.2%
CTRL
CA$0.51
Edge Total Intelligence
7D
18.6%
1Y
4.1%
LSPD
CA$13.97
Lightspeed Commerce
7D
-4.0%
1Y
-25.5%
DCBO
CA$27.37
Docebo
7D
-4.2%
1Y
-36.5%
TOI
CA$92.56
Topicus.com
7D
0.4%
1Y
-51.9%
THNC
CA$1.21
Thinkific Labs
7D
4.3%
1Y
-45.0%
XNDU
CA$14.45
Xanadu Quantum Technologies
7D
3.4%
1Y
n/a
DSG
CA$96.24
Descartes Systems Group
7D
-7.3%
1Y
-34.7%
ABXX
CA$23.16
Abaxx Technologies
7D
-8.2%
1Y
86.5%
LMN
CA$20.94
Lumine Group
7D
-9.2%
1Y
-61.4%
HIVE
CA$4.18
HIVE Digital Technologies
7D
4.8%
1Y
33.5%
AIBZ.U
US$5.95
Bitzero Holdings
7D
-14.6%
1Y
n/a
Analysis Article • Jun 18

Bitzero Holdings (CNSX:AIBZ.U) Stock Looks Rich After Norway Data Center Lease And Nasdaq Debut

Bitzero Holdings (CNSX:AIBZ.U) is drawing fresh attention after updating investors on construction progress at its 110 MW Norway data center campus, alongside a new 15 year lease agreement with OneQode Networks. See our latest analysis for Bitzero Holdings. Bitzero Holdings has seen sharp momentum build, with a 1 day share price return of 13.91% and a 90 day share price return of 273.91% as Nasdaq listing, board changes, and data center progress attract fresh attention. The latest share price...
TTGI
CA$0.055
Turnium Technology Group
7D
37.5%
1Y
-21.4%