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Canadian (TSX) Application Software Industry Analysis

UpdatedMar 27, 2026
DataAggregated Company Financials
Companies70
  • 7D-4.0%
  • 3M-25.5%
  • 1Y-41.4%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 4.0%, driven by Constellation Software declining 5.3%. In contrast, Abaxx Technologies has gained 18%. However, the industry is down 41% over the past year. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Mar 2026CA$87.5bCA$26.2b-CA$202,847,016.8334.9x-431.5x3.3x
Sun, 22 Feb 2026CA$87.4bCA$25.1b-CA$75,711,111.1037.1x-1154.6x3.5x
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
Price to Earnings Ratio

-38.6x


Total Market Cap: CA$92.0bTotal Earnings: -CA$2,384,137,853.00Total Revenue: CA$15.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Application Software Industry Price to Earnings3Y Average 156.9x202420252026
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 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have improved over the last three years.
  • Revenues for these companies have grown 19% per year.
  • This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.

Industry Comparison

How does Canadian Application Software compare with similar industries?

CA Market0.27%
Tech-3.03%
Software-3.81%
Application Software-3.98%
Systems Software0.35%
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$45.0018.3%
+CA$255.2m		356.9%PS3120.8x
KXS KinaxisCA$139.612.2%
+CA$84.6m		-10.9%PE39.4x
ENGH Enghouse SystemsCA$16.262.3%
+CA$20.2m		-38.5%PE12.8x
ONE 01 QuantumCA$0.4630.0%
+CA$11.4m		62.5%PS47.8x
XTAO.U xTAOUS$0.7655.1%
+US$7.7m		n/aPS110.9x

Latest News

NOW
CA$0.29
NowVertical Group
7D
13.5%
1Y
-41.0%
ABXX
CA$45.00
Abaxx Technologies
7D
18.3%
1Y
356.9%
KXS
CA$139.61
Kinaxis
7D
2.2%
1Y
-10.9%
IMP
CA$1.43
Intermap Technologies
7D
7.5%
1Y
-29.6%
DCBO
CA$24.54
Docebo
7D
-9.0%
1Y
-44.6%

DCBO: Buybacks And Bookings Strength Will Support Future Upside Repricing

Analysts have reset expectations on Docebo, with several firms trimming their price targets into a CA$25 to CA$28 range. They cited softer near term organic subscription growth, headwinds from the AWS contract roll off and Dayforce churn, and a need to see more proof around execution despite recent strength in gross bookings.
CSU
CA$2,386.76
Constellation Software
7D
-5.3%
1Y
-48.8%

AI Adoption And Minority Stakes Will Reshape This Vertical Software Compounder

Catalysts About Constellation Software Constellation Software acquires and operates vertical market software businesses that provide mission critical solutions across many industries worldwide. What are the underlying business or industry changes driving this perspective?
BITF
CA$2.82
Bitfarms
7D
-14.0%
1Y
107.4%

BITF: Liquidity Management Will Drive Upside As U.S. Crypto Rules Develop

Analysts now place their average Bitfarms price target at CA$6.99, a level similar to prior estimates. They factor liquidity concerns and uncertainty around crypto market structure legislation into their valuation framework.
ENGH
CA$16.26
Enghouse Systems
7D
2.3%
1Y
-38.5%

ENGH: Share Repurchases And Dividend Policy Will Support Future Upside Potential

Enghouse Systems' updated Analyst Price Target has shifted from CA$21.25 to CA$18.13 as analysts factor in lower fair value estimates, along with more cautious assumptions for revenue growth, profit margins and future P/E multiples, as reflected in recent Street target cuts to CA$17, CA$18.50 and CA$20. Analyst Commentary Recent Street commentary on Enghouse Systems centers on lower price targets in a relatively tight range of CA$17 to CA$20, with ratings clustered around Hold, Neutral and Sector Perform.
ONE
CA$0.46
01 Quantum
7D
30.0%
1Y
62.5%
DSG
CA$99.29
Descartes Systems Group
7D
-0.4%
1Y
-31.8%
LMN
CA$22.41
Lumine Group
7D
-6.6%
1Y
-45.2%
TOI
CA$93.96
Topicus.com
7D
-2.7%
1Y
-34.2%
BTCW
CA$0.09
Bitcoin Well
7D
12.5%
1Y
-33.3%
HIVE
CA$2.69
HIVE Digital Technologies
7D
-6.3%
1Y
17.0%
ACT
CA$14.25
Aduro Clean Technologies
7D
-8.5%
1Y
93.9%
XTAO.U
US$0.76
xTAO
7D
55.1%
1Y
n/a