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Canadian (TSX) Application Software Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies72
  • 7D-5.7%
  • 3M-25.9%
  • 1Y-33.9%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 8.5%, driven by Constellation Software declining 10%. However, the industry is down 33% over the past year. Earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 23 Jan 2026CA$100.0bCA$25.2bCA$128.4m39.7x778.8x4x
Sun, 21 Dec 2025CA$117.7bCA$25.2bCA$138.4m40.1x850.1x4.7x
Tue, 18 Nov 2025CA$114.2bCA$25.5bCA$206.7m43.5x552.6x4.5x
Thu, 16 Oct 2025CA$138.1bCA$24.6bCA$240.2m55x574.9x5.6x
Sat, 13 Sep 2025CA$150.0bCA$24.3bCA$236.0m65.1x635.6x6.2x
Mon, 11 Aug 2025CA$154.7bCA$24.1bCA$147.8m49.3x1046.7x6.4x
Wed, 09 Jul 2025CA$161.4bCA$23.2bCA$170.3m40.2x948.1x6.9x
Fri, 06 Jun 2025CA$161.6bCA$23.2bCA$177.9m38.2x908x7x
Sun, 04 May 2025CA$159.4bCA$22.8bCA$920.7m32.2x173.1x7x
Tue, 01 Apr 2025CA$145.6bCA$23.6bCA$448.7m23.2x324.5x6.2x
Thu, 27 Feb 2025CA$154.5bCA$22.8b-CA$2,102,421,740.8125.5x-73.5x6.8x
Sat, 25 Jan 2025CA$150.4bCA$22.8b-CA$2,164,556,092.2726x-69.5x6.6x
Mon, 23 Dec 2024CA$147.3bCA$22.8b-CA$2,170,585,493.3226.1x-67.9x6.5x
Wed, 20 Nov 2024CA$147.0bCA$22.2b-CA$2,135,691,554.9423.4x-68.8x6.6x
Fri, 18 Oct 2024CA$142.6bCA$21.1b-CA$2,303,361,336.5222.2x-61.9x6.7x
Sun, 15 Sep 2024CA$138.8bCA$20.9b-CA$2,275,441,490.9522.1x-61x6.6x
Tue, 13 Aug 2024CA$133.6bCA$21.1b-CA$2,323,048,774.6032.2x-57.5x6.3x
Thu, 11 Jul 2024CA$134.9bCA$20.1b-CA$3,137,196,171.0444.2x-43x6.7x
Sat, 08 Jun 2024CA$128.6bCA$20.2b-CA$3,151,775,303.1138.1x-40.8x6.4x
Mon, 06 May 2024CA$124.6bCA$19.4b-CA$3,313,086,817.2735x-37.6x6.4x
Wed, 03 Apr 2024CA$125.5bCA$19.3b-CA$3,945,199,610.5422.5x-31.8x6.5x
Fri, 01 Mar 2024CA$121.1bCA$18.5b-CA$1,917,566,783.3123.3x-63.2x6.5x
Sun, 28 Jan 2024CA$120.4bCA$18.4b-CA$3,174,432,528.0026.8x-37.9x6.5x
Tue, 26 Dec 2023CA$111.4bCA$18.3b-CA$3,228,336,519.0027.2x-34.5x6.1x
Thu, 23 Nov 2023CA$106.7bCA$18.8b-CA$3,400,296,479.0030.2x-31.4x5.7x
Sat, 21 Oct 2023CA$95.0bCA$17.9b-CA$3,395,431,678.0043.2x-28x5.3x
Mon, 18 Sep 2023CA$99.3bCA$17.7b-CA$3,363,995,784.0043.4x-29.5x5.6x
Wed, 16 Aug 2023CA$95.3bCA$17.8b-CA$3,343,456,069.0042.4x-28.5x5.4x
Fri, 14 Jul 2023CA$97.7bCA$16.5b-CA$2,896,304,647.0062.1x-33.7x5.9x
Sun, 11 Jun 2023CA$94.6bCA$16.8b-CA$2,973,763,594.0067.4x-31.8x5.6x
Tue, 09 May 2023CA$93.4bCA$16.0b-CA$2,314,684,671.0051.8x-40.3x5.8x
Thu, 06 Apr 2023CA$91.4bCA$15.7b-CA$2,376,795,940.0032x-38.4x5.8x
Sat, 04 Mar 2023CA$84.5bCA$15.2b-CA$2,301,555,843.0030.6x-36.7x5.5x
Mon, 30 Jan 2023CA$84.0bCA$14.8b-CA$498,720,969.0025.3x-168.3x5.7x
Price to Earnings Ratio

-168.3x


Total Market Cap: CA$84.0bTotal Earnings: -CA$498,720,969.00Total Revenue: CA$14.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Application Software Industry Price to Earnings3Y Average 163.6x202420252026
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 775x which is higher than its 3-year average PE of 163x.
  • The 3-year average PS ratio of 6.1x 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 20% 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 Market0.70%
Tech-6.00%
Software-5.72%
Application Software-5.73%
Systems Software-5.50%
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
TOI Topicus.comCA$116.196.1%
+CA$553.4m		-10.5%PE229.7x
ONE 01 QuantumCA$0.7012.9%
+CA$8.7m		81.8%PS98.7x
MHUB Minehub TechnologiesCA$0.927.0%
+CA$6.1m		46.0%n/a
MKT DeepMarkitCA$0.6715.5%
+CA$5.5m		1,240.0%PE-139.3x
NOW NowVertical GroupCA$0.3220.8%
+CA$5.4m		-33.3%PS0.6x

Latest News

ONE
CA$0.70
01 Quantum
7D
12.9%
1Y
81.8%

01 Quantum (CVE:ONE) Is In A Good Position To Deliver On Growth Plans

Jan 23
01 Quantum (CVE:ONE) Is In A Good Position To Deliver On Growth Plans
QBTQ
CA$1.26
SuperQ Quantum Computing
7D
14.5%
1Y
320.0%
LSPD
CA$15.67
Lightspeed Commerce
7D
-4.1%
1Y
-25.8%
HIVE
CA$4.24
HIVE Digital Technologies
7D
-10.0%
1Y
-4.9%
DCBO
CA$25.33
Docebo
7D
-8.7%
1Y
-58.8%
CSU
CA$2,713.02
Constellation Software
7D
-7.2%
1Y
-40.5%
BITF
CA$3.69
Bitfarms
7D
-6.8%
1Y
58.4%
MHUB
CA$0.92
Minehub Technologies
7D
7.0%
1Y
46.0%
LMN
CA$24.24
Lumine Group
7D
-1.7%
1Y
-37.8%

Lumine Group (CVE:LMN) Seems To Use Debt Rather Sparingly

Jan 11
Lumine Group (CVE:LMN) Seems To Use Debt Rather Sparingly
DSG
CA$112.81
Descartes Systems Group
7D
-8.3%
1Y
-34.5%

DSG: Softer Freight Cycle And Buyback Plan Will Shape Future Returns

Analysts have trimmed their price target on Descartes Systems Group to about $102 from roughly $112, citing a softer transport cycle, weaker shipment volume data, pressure on peer multiples, and updated assumptions for revenue growth, profit margins, discount rate and future P/E. These factors collectively point to a slightly higher intrinsic value estimate of about $134 per share.
TWEL
CA$0.14
Tokenwell Platforms
7D
35.0%
1Y
-48.1%
KXS
CA$148.69
Kinaxis
7D
-10.9%
1Y
-15.9%
NOW
CA$0.32
NowVertical Group
7D
20.8%
1Y
-33.3%

NowVertical Group (CVE:NOW) Has A Somewhat Strained Balance Sheet

Dec 22
NowVertical Group (CVE:NOW) Has A Somewhat Strained Balance Sheet
TOI
CA$116.19
Topicus.com
7D
6.1%
1Y
-10.5%

Some Investors May Be Worried About Topicus.com's (CVE:TOI) Returns On Capital

Dec 20
Some Investors May Be Worried About Topicus.com's (CVE:TOI) Returns On Capital
MKT
CA$0.67
DeepMarkit
7D
15.5%
1Y
1,240.0%
URAI
CA$0.27
Inturai Ventures
7D
12.5%
1Y
237.5%