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Canadian (TSX) Application Software Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies71
  • 7D-6.0%
  • 3M-27.6%
  • 1Y-44.8%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 8.5%, driven by Constellation Software declining 2.9%. On the other hand Edge Total Intelligence is actually up 25%. However, the industry is down 44% 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, 06 Feb 2026CA$88.8bCA$25.0bCA$152.0m32.5x584x3.5x
Sun, 04 Jan 2026CA$114.0bCA$25.1bCA$130.8m37.8x871.6x4.5x
Tue, 02 Dec 2025CA$119.9bCA$25.5bCA$137.7m38.9x870.5x4.7x
Thu, 30 Oct 2025CA$132.4bCA$24.5bCA$233.4m54.7x567.4x5.4x
Sat, 27 Sep 2025CA$134.5bCA$24.5bCA$241.0m55.1x558x5.5x
Mon, 25 Aug 2025CA$153.0bCA$24.3bCA$231.9m48.8x659.7x6.3x
Wed, 23 Jul 2025CA$163.0bCA$23.1bCA$163.8m52.9x994.6x7x
Fri, 20 Jun 2025CA$156.6bCA$23.2bCA$174.6m38.9x897.2x6.7x
Sun, 18 May 2025CA$164.0bCA$23.5bCA$958.7m33.1x171.1x7x
Tue, 15 Apr 2025CA$144.0bCA$22.8bCA$469.4m24.8x306.7x6.3x
Thu, 13 Mar 2025CA$148.2bCA$23.5bCA$328.9m21x450.5x6.3x
Sat, 08 Feb 2025CA$158.2bCA$22.7b-CA$2,146,452,156.7621.8x-73.7x7x
Mon, 06 Jan 2025CA$148.3bCA$22.9b-CA$2,182,231,670.8323.3x-67.9x6.5x
Wed, 04 Dec 2024CA$156.4bCA$22.3b-CA$2,136,112,805.5024.9x-73.2x7x
Fri, 01 Nov 2024CA$141.6bCA$21.3b-CA$2,323,487,071.6721.9x-60.9x6.6x
Sun, 29 Sep 2024CA$140.4bCA$20.8b-CA$2,261,926,216.2422.1x-62.1x6.8x
Tue, 27 Aug 2024CA$139.9bCA$20.8b-CA$2,278,259,534.5522.6x-61.4x6.7x
Thu, 25 Jul 2024CA$141.6bCA$20.4b-CA$3,184,917,140.7945.6x-44.5x6.9x
Sat, 22 Jun 2024CA$126.4bCA$20.2b-CA$3,135,504,847.9534.2x-40.3x6.3x
Mon, 20 May 2024CA$126.6bCA$20.0b-CA$3,171,571,921.1335.7x-39.9x6.3x
Wed, 17 Apr 2024CA$123.0bCA$19.6b-CA$4,016,225,815.2826.8x-30.6x6.3x
Fri, 15 Mar 2024CA$121.0bCA$19.3b-CA$3,939,902,111.7623.1x-30.7x6.3x
Sun, 11 Feb 2024CA$118.4bCA$18.2b-CA$2,044,255,287.4222.2x-57.9x6.5x
Tue, 09 Jan 2024CA$110.0bCA$18.3b-CA$3,159,546,032.0027.3x-34.8x6x
Thu, 07 Dec 2023CA$109.7bCA$18.8b-CA$3,447,172,844.0026.3x-31.8x5.8x
Sat, 04 Nov 2023CA$97.8bCA$18.2b-CA$3,578,941,228.0054.6x-27.3x5.4x
Mon, 02 Oct 2023CA$95.8bCA$17.8b-CA$3,374,948,736.0042.5x-28.4x5.4x
Wed, 30 Aug 2023CA$98.1bCA$17.8b-CA$3,370,103,867.0044.2x-29.1x5.5x
Fri, 28 Jul 2023CA$98.7bCA$16.6b-CA$3,088,515,368.0060x-32x5.9x
Sun, 25 Jun 2023CA$94.3bCA$16.6b-CA$2,961,352,236.0060x-31.9x5.7x
Tue, 23 May 2023CA$95.9bCA$16.8b-CA$2,193,820,317.0065x-43.7x5.7x
Thu, 20 Apr 2023CA$91.7bCA$15.7b-CA$2,319,844,269.0023.6x-39.5x5.8x
Sat, 18 Mar 2023CA$84.6bCA$15.3b-CA$2,399,168,248.0027.6x-35.3x5.5x
Mon, 13 Feb 2023CA$84.5bCA$15.0b-CA$2,056,532,468.0029.6x-41.1x5.6x
Price to Earnings Ratio

-41.1x


Total Market Cap: CA$84.5bTotal Earnings: -CA$2,056,532,468.00Total Revenue: CA$15.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Application Software Industry Price to Earnings3Y Average 175.6x202420252026
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 557x which is higher than its 3-year average PE of 176x.
  • The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 3.4x.
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-2.77%
Tech-4.38%
Software-6.17%
Application Software-5.98%
Systems Software-10.48%
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
CTRL Edge Total IntelligenceCA$0.9025.0%
+CA$15.8m		69.8%PS24.3x
IMP Intermap TechnologiesCA$1.662.5%
+CA$2.9m		-35.4%PS5.3x
APP Global Compliance ApplicationsCA$0.01550.0%
+CA$1.8m		200.0%PS452.6x
THNC Thinkific LabsCA$2.021.0%
+CA$1.4m		-36.5%PE377.1x
MHUB Minehub TechnologiesCA$0.861.2%
+CA$1.0m		65.4%n/a

Latest News

KXS
CA$123.31
Kinaxis
7D
-12.9%
1Y
-27.9%
TOI
CA$96.23
Topicus.com
7D
-5.3%
1Y
-32.6%

Risks Still Elevated At These Prices As Topicus.com Inc. (CVE:TOI) Shares Dive 25%

Feb 04
Risks Still Elevated At These Prices As Topicus.com Inc. (CVE:TOI) Shares Dive 25%
CSU
CA$2,477.22
Constellation Software
7D
-2.9%
1Y
-49.8%

Constellation Software Inc.'s (TSE:CSU) 29% Cheaper Price Remains In Tune With Earnings

Feb 04
Constellation Software Inc.'s (TSE:CSU) 29% Cheaper Price Remains In Tune With Earnings
DSG
CA$92.98
Descartes Systems Group
7D
-8.9%
1Y
-45.4%
HIVE
CA$2.77
HIVE Digital Technologies
7D
-25.7%
1Y
-32.1%
LSPD
CA$12.76
Lightspeed Commerce
7D
-14.6%
1Y
-29.3%
LMN
CA$20.21
Lumine Group
7D
-8.1%
1Y
-48.2%
THNC
CA$2.02
Thinkific Labs
7D
1.0%
1Y
-36.5%

THNC: Share Buybacks And Neutral Rating Outlook May Support Future Upside

Analysts have reduced their fair value estimate for Thinkific Labs from about $5.01 to roughly $4.19 per share. This reflects a lower price target following a recent downgrade to Market Perform and updated assumptions for growth, margins, discount rate, and future P/E.
CTRL
CA$0.90
Edge Total Intelligence
7D
25.0%
1Y
69.8%
GOK
CA$0.015
GINSMS
7D
50.0%
1Y
50.0%
BITF
CA$2.33
Bitfarms
7D
-29.8%
1Y
14.2%

BITF: Delayed Market Structure Rules Will Support Future AI And HPC Expansion

Analysts have reduced their Bitfarms price target to about US$8.48, reflecting slightly higher assumed discount rates and a marginally richer forward P/E multiple as they factor in ongoing uncertainty around potential delays in crypto related market structure legislation. Analyst Commentary Bullish Takeaways Bullish analysts see the updated US$8.48 target as still reflecting upside potential if crypto related legislation eventually provides clearer market structure, which could support higher sustained earnings to justify a richer P/E multiple.
APP
CA$0.015
Global Compliance Applications
7D
50.0%
1Y
200.0%
MHUB
CA$0.86
Minehub Technologies
7D
1.2%
1Y
65.4%
IMP
CA$1.66
Intermap Technologies
7D
2.5%
1Y
-35.4%

Intermap Technologies Corporation's (TSE:IMP) Stock Retreats 25% But Revenues Haven't Escaped The Attention Of Investors

Jan 10
Intermap Technologies Corporation's (TSE:IMP) Stock Retreats 25% But Revenues Haven't Escaped The Attention Of Investors
AXE
CA$0.08
Acceleware
7D
6.7%
1Y
-15.8%
VQS
CA$0.20
VIQ Solutions
7D
5.3%
1Y
-20.0%