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Canadian (TSX) Application Software Industry Analysis

UpdatedJun 29, 2025
DataAggregated Company Financials
Companies65
  • 7D3.1%
  • 3M10.0%
  • 1Y21.0%
  • YTDn/a

Over the last 7 days, the Application Software industry has risen 3.1%, driven by gains from Constellation Software of 3.2%. During this same period, the Aduro Clean Technologies underperformed, falling 9.0%. This means that the industry has gained 21% over the past year. Looking forward, 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
Mon, 30 Jun 2025CA$159.4bCA$23.3bCA$181.8m40.9x877x6.9x
Wed, 28 May 2025CA$159.2bCA$23.4bCA$195.1m39x815.9x6.8x
Fri, 25 Apr 2025CA$151.5bCA$22.8bCA$475.5m27.3x318.6x6.6x
Sun, 23 Mar 2025CA$146.6bCA$23.5bCA$317.7m22.6x461.5x6.2x
Tue, 18 Feb 2025CA$158.1bCA$22.6b-CA$2,081,168,069.3821.2x-76x7x
Thu, 16 Jan 2025CA$142.0bCA$22.7b-CA$2,168,267,475.0323x-65.5x6.3x
Sat, 14 Dec 2024CA$154.5bCA$22.6b-CA$2,150,293,136.1125.2x-71.8x6.8x
Mon, 11 Nov 2024CA$145.5bCA$22.1b-CA$2,111,469,134.7823.4x-68.9x6.6x
Wed, 09 Oct 2024CA$139.5bCA$20.9b-CA$2,281,242,772.8122.4x-61.1x6.7x
Fri, 06 Sep 2024CA$137.0bCA$20.8b-CA$2,268,197,770.0922.3x-60.4x6.6x
Sun, 04 Aug 2024CA$133.4bCA$20.6b-CA$3,142,933,106.2242.9x-42.5x6.5x
Tue, 02 Jul 2024CA$132.0bCA$20.3b-CA$3,163,995,264.4641.9x-41.7x6.5x
Thu, 30 May 2024CA$128.2bCA$20.2b-CA$3,179,374,101.8639.7x-40.3x6.4x
Sat, 27 Apr 2024CA$124.8bCA$19.4b-CA$3,984,213,769.4235.3x-31.3x6.4x
Mon, 25 Mar 2024CA$120.5bCA$19.3b-CA$3,949,130,022.9122.2x-30.5x6.2x
Wed, 21 Feb 2024CA$119.2bCA$18.4b-CA$1,921,856,885.0522.3x-62x6.5x
Fri, 19 Jan 2024CA$118.0bCA$18.5b-CA$3,184,166,831.0025.7x-37.1x6.4x
Sun, 17 Dec 2023CA$111.9bCA$18.5b-CA$3,267,202,643.0026.5x-34.2x6.1x
Tue, 14 Nov 2023CA$103.5bCA$18.9b-CA$3,444,054,160.0046x-30.1x5.5x
Thu, 12 Oct 2023CA$97.4bCA$17.8b-CA$3,377,316,475.0045.4x-28.8x5.5x
Sat, 09 Sep 2023CA$98.5bCA$17.9b-CA$3,300,132,131.0043.5x-29.8x5.5x
Mon, 07 Aug 2023CA$96.7bCA$17.0b-CA$2,989,213,051.0043.7x-32.4x5.7x
Wed, 05 Jul 2023CA$98.7bCA$16.6b-CA$2,920,519,776.0061.4x-33.8x5.9x
Fri, 02 Jun 2023CA$95.9bCA$16.9b-CA$3,005,493,339.0069.7x-31.9x5.7x
Sun, 30 Apr 2023CA$93.8bCA$16.1b-CA$2,298,272,440.0051.2x-40.8x5.8x
Tue, 28 Mar 2023CA$89.2bCA$15.2b-CA$2,403,899,698.0027.8x-37.1x5.8x
Thu, 23 Feb 2023CA$85.1bCA$15.1b-CA$2,304,864,067.0029.6x-36.9x5.6x
Sat, 21 Jan 2023CA$81.5bCA$14.8b-CA$501,045,818.0024.9x-162.6x5.5x
Mon, 19 Dec 2022CA$75.6bCA$15.1b-CA$511,796,913.0027.8x-147.7x5x
Wed, 16 Nov 2022CA$73.6bCA$14.6b-CA$478,231,734.0027.3x-154x5x
Fri, 14 Oct 2022CA$68.7bCA$14.2b-CA$222,383,815.0028.6x-308.9x4.8x
Sun, 11 Sep 2022CA$74.1bCA$13.6b-CA$257,278,347.0020.4x-288.2x5.4x
Tue, 09 Aug 2022CA$79.8bCA$13.3bCA$313.8m45.1x254.3x6x
Thu, 07 Jul 2022CA$72.1bCA$12.8bCA$666.4m27.5x108.2x5.6x
Price to Earnings Ratio

108.2x


Total Market Cap: CA$72.1bTotal Earnings: CA$666.4mTotal Revenue: CA$12.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Application Software Industry Price to Earnings3Y Average -7.3x202320242025
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 877x which is higher than its 3-year average PE of -7.3x.
  • The 3-year average PS ratio of 6.1x is lower than the industry's current PS ratio of 6.9x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have declined 35% per year over the last three years.
  • Meanwhile revenues for these companies have grown 22% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Canadian Application Software compare with similar industries?

CA Market0.53%
Tech3.53%
Software3.41%
Application Software3.09%
Systems Software13.56%
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$4.98k3.2%
+CA$3.3b		26.4%PE104x
LMN Lumine GroupCA$47.215.1%
+CA$592.8m		27.8%PE133.6x
TOI Topicus.comCA$169.002.4%
+CA$376.2m		44.4%PE89x
DSG Descartes Systems GroupCA$139.052.0%
+CA$237.6m		4.9%PE60.1x
HIVE HIVE Digital TechnologiesCA$2.479.3%
+CA$145.9m		-41.7%PS3.2x

Latest News

LQWD
CA$5.81
LQWD Technologies
7D
-36.2%
1Y
767.2%
LSPD
CA$15.75
Lightspeed Commerce
7D
5.4%
1Y
-15.8%
HIVE
CA$2.47
HIVE Digital Technologies
7D
9.3%
1Y
-41.7%
ACT
CA$13.19
Aduro Clean Technologies
7D
-9.0%
1Y
224.7%
KXS
CA$200.65
Kinaxis
7D
0.7%
1Y
27.2%
CMG
CA$7.10
Computer Modelling Group
7D
-1.5%
1Y
-46.2%
DCBO
CA$38.48
Docebo
7D
4.7%
1Y
-27.2%
ONE
CA$0.33
01 Communique Laboratory
7D
-12.0%
1Y
725.0%
DSG
CA$139.05
Descartes Systems Group
7D
2.0%
1Y
4.9%
DGX
CA$3.48
Digi Power X
7D
-9.4%
1Y
91.2%
SPTZ
CA$0.78
Spetz
7D
-20.4%
1Y
262.8%
CSU
CA$4,983.69
Constellation Software
7D
3.2%
1Y
26.4%

Is Constellation Software (TSE:CSU) Using Too Much Debt?

Jun 13
Is Constellation Software (TSE:CSU) Using Too Much Debt?
TINY
CA$0.81
Tiny
7D
-8.5%
1Y
-61.7%
TOI
CA$169.00
Topicus.com
7D
2.4%
1Y
44.4%

Is Topicus.com (CVE:TOI) A Risky Investment?

May 29
Is Topicus.com (CVE:TOI) A Risky Investment?
BIGG
CA$0.11
BIGG Digital Assets
7D
-8.3%
1Y
-35.3%
LMN
CA$47.21
Lumine Group
7D
5.1%
1Y
27.8%