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Canadian (TSX) Application Software Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies69
  • 7D6.8%
  • 3M14.5%
  • 1Y-33.6%
  • YTDn/a

The Application Software industry is up 6.8% in the last week, with Constellation Software up 14%. During this same period, the Xanadu Quantum Technologies underperformed, falling 20%. In the past year, the industry is down 34%. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026CA$105.0bCA$26.6bCA$904.9m26.5x116x3.9x
Sat, 09 May 2026CA$97.9bCA$25.8b-CA$255,538,340.8232.4x-383x3.8x
Mon, 06 Apr 2026CA$89.0bCA$26.0b-CA$139,570,847.7635.6x-637.6x3.4x
Wed, 04 Mar 2026CA$90.1bCA$25.2b-CA$30,278,591.5438.6x-2977.1x3.6x
Fri, 30 Jan 2026CA$96.7bCA$24.7bCA$127.5m36.6x758.8x3.9x
Sun, 28 Dec 2025CA$116.6bCA$25.0bCA$136.7m38.7x853.1x4.7x
Tue, 25 Nov 2025CA$114.9bCA$25.7bCA$133.8m47x858.6x4.5x
Thu, 23 Oct 2025CA$130.0bCA$24.5bCA$233.7m56.2x556.2x5.3x
Sat, 20 Sep 2025CA$147.2bCA$24.2bCA$236.9m60.4x621.1x6.1x
Mon, 18 Aug 2025CA$147.9bCA$24.3bCA$229.6m47x644x6.1x
Wed, 16 Jul 2025CA$161.5bCA$23.3bCA$165.9m43.5x973.3x6.9x
Fri, 13 Jun 2025CA$157.3bCA$23.1bCA$171.3m39.5x918.2x6.8x
Sun, 11 May 2025CA$163.1bCA$23.0bCA$990.7m30.3x164.7x7.1x
Tue, 08 Apr 2025CA$139.2bCA$23.3bCA$484.1m23.8x287.6x6x
Thu, 06 Mar 2025CA$152.7bCA$23.0b-CA$2,103,319,916.5826.6x-72.6x6.6x
Sat, 01 Feb 2025CA$155.2bCA$23.0b-CA$2,198,194,673.1624.8x-70.6x6.7x
Mon, 30 Dec 2024CA$149.1bCA$22.8b-CA$2,176,313,352.3025.5x-68.5x6.5x
Wed, 27 Nov 2024CA$151.6bCA$22.3b-CA$2,147,556,184.0027.4x-70.6x6.8x
Fri, 25 Oct 2024CA$140.4bCA$21.2b-CA$2,310,746,174.7022.4x-60.8x6.6x
Sun, 22 Sep 2024CA$141.5bCA$20.9b-CA$2,269,114,929.9223.3x-62.4x6.8x
Tue, 20 Aug 2024CA$138.1bCA$21.0b-CA$2,270,908,721.2831.6x-60.8x6.6x
Thu, 18 Jul 2024CA$139.3bCA$20.3b-CA$3,158,283,276.6244.6x-44.1x6.9x
Sat, 15 Jun 2024CA$127.9bCA$20.2b-CA$3,142,837,435.8336.3x-40.7x6.3x
Mon, 13 May 2024CA$126.6bCA$20.0b-CA$3,277,834,645.6835.5x-38.6x6.3x
Wed, 10 Apr 2024CA$124.9bCA$19.3b-CA$3,944,777,352.3221.8x-31.7x6.5x
Fri, 08 Mar 2024CA$123.0bCA$19.1b-CA$3,919,477,013.8525x-31.4x6.4x
Sun, 04 Feb 2024CA$122.8bCA$18.4b-CA$3,166,860,596.0026.2x-38.8x6.7x
Tue, 02 Jan 2024CA$111.6bCA$18.3b-CA$3,229,731,343.0026.8x-34.6x6.1x
Thu, 30 Nov 2023CA$107.7bCA$18.7b-CA$3,339,144,152.0043.9x-32.2x5.8x
Sat, 28 Oct 2023CA$92.0bCA$18.1b-CA$3,425,867,411.0042.1x-26.9x5.1x
Mon, 25 Sep 2023CA$93.6bCA$17.7b-CA$3,355,721,451.0041.2x-27.9x5.3x
Wed, 23 Aug 2023CA$96.1bCA$17.8b-CA$3,356,251,065.0042.6x-28.6x5.4x
Fri, 21 Jul 2023CA$99.6bCA$16.6b-CA$3,084,118,535.0062.5x-32.3x6x
Sun, 18 Jun 2023CA$96.0bCA$16.7b-CA$2,963,001,768.0061.6x-32.4x5.8x
Price to Earnings Ratio

-32.4x


Total Market Cap: CA$96.0bTotal Earnings: -CA$2,963,001,768.00Total Revenue: CA$16.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Application Software Industry Price to Earnings3Y Average 149.6x202420252026
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 116x which is lower than its 3-year average PE of 150x.
  • The 3-year average PS ratio of 5.8x is higher than the industry's current PS ratio of 3.9x.
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 Market-2.24%
Tech-4.76%
Software5.11%
Application Software6.82%
Systems Software-11.88%
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
CSU Constellation SoftwareCA$3.14k14.3%
+CA$8.3b		-35.9%PE64.3x
TOI Topicus.comCA$106.404.6%
+CA$392.5m		-38.1%PE176.8x
LMN Lumine GroupCA$23.294.4%
+CA$254.1m		-50.1%PE36.6x
KXS KinaxisCA$164.001.8%
+CA$79.0m		-17.9%PE38x
DCBO DoceboCA$25.429.4%
+CA$55.6m		-32.5%PE13.4x

Latest News

ACT
CA$21.53
Aduro Clean Technologies
7D
-1.2%
1Y
91.7%
ENGH
CA$16.08
Enghouse Systems
7D
-9.2%
1Y
-30.0%
XNDU
CA$16.52
Xanadu Quantum Technologies
7D
-19.5%
1Y
n/a
DND
CA$2.09
Dye & Durham
7D
-18.0%
1Y
-78.5%
ONE
CA$0.51
01 Quantum
7D
-21.5%
1Y
8.5%
DCBO
CA$25.42
Docebo
7D
9.4%
1Y
-32.5%
Narrative Update • Jun 07

DCBO: Recalibrated Earnings Assumptions And Platform Rollout Are Expected To Reward Patience

Analysts have adjusted their CA$ price target on Docebo to reflect revised assumptions around discount rates, revenue growth, profit margin and future P/E. This suggests a recalibration of the stock's risk and earnings profile rather than a major shift in overall fair value.
HIVE
CA$4.90
HIVE Digital Technologies
7D
-19.4%
1Y
78.8%
KXS
CA$164.00
Kinaxis
7D
1.8%
1Y
-17.9%
Narrative Update • Jun 06

KXS: AI Supply Chain Execution And Orchestration Will Drive Future Upside

Analyst price targets for Kinaxis have increased to CA$206.88 from CA$203.80, as analysts cite recent target raises from CIBC, RBC Capital, and BMO Capital, which more than offset reductions from Stifel and Rothschild & Co Redburn. Analyst Commentary Recent price target changes for Kinaxis give a mixed but useful snapshot of how the stock is being viewed on execution, growth potential, and valuation.
LSPD
CA$13.27
Lightspeed Commerce
7D
2.8%
1Y
-19.5%
ABXX
CA$43.50
Abaxx Technologies
7D
-11.7%
1Y
278.3%
DSG
CA$103.21
Descartes Systems Group
7D
0.3%
1Y
-23.5%
CVO
CA$3.98
Coveo Solutions
7D
-5.0%
1Y
-46.7%
LMN
CA$23.29
Lumine Group
7D
4.4%
1Y
-50.1%
CSU
CA$3,143.70
Constellation Software
7D
14.3%
1Y
-35.9%
TINY
CA$5.35
Tiny
7D
10.1%
1Y
-24.0%
New Narrative • Jun 02

Subscription Software And Digital Platforms Will Reshape This Asset Light Cash Generative Business

Catalysts About Tiny Tiny is a holding company that acquires and operates asset light, cash generative businesses across software, digital services, creative platforms and consumer brands. What are the underlying business or industry changes driving this perspective?
TOI
CA$106.40
Topicus.com
7D
4.6%
1Y
-38.1%