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Canadian (TSX) Application Software Industry Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies72
  • 7D-10.7%
  • 3M-22.1%
  • 1Y-38.8%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 11%, driven by a pullback from Constellation Software of 15%. On the other hand Bitfarms is actually up 11%. However, the industry is down 39% over the past year. Earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026CA$90.9bCA$26.0b-CA$186,787,291.3938.1x-486.8x3.5x
Tue, 10 Feb 2026CA$87.4bCA$24.9bCA$144.7m31x603.7x3.5x
Thu, 08 Jan 2026CA$115.1bCA$25.3bCA$134.1m38x858x4.5x
Sat, 06 Dec 2025CA$118.3bCA$25.2bCA$145.4m39.5x813.5x4.7x
Mon, 03 Nov 2025CA$127.6bCA$24.6bCA$227.4m54.4x560.9x5.2x
Wed, 01 Oct 2025CA$131.2bCA$24.4bCA$243.9m54.9x538x5.4x
Fri, 29 Aug 2025CA$148.7bCA$24.2bCA$226.6m61.5x656.4x6.2x
Sun, 27 Jul 2025CA$163.9bCA$23.3bCA$163.2m51.6x1004.3x7x
Tue, 24 Jun 2025CA$156.1bCA$23.3bCA$176.6m39.1x883.8x6.7x
Thu, 22 May 2025CA$163.8bCA$23.4bCA$950.7m32.7x172.3x7x
Sat, 19 Apr 2025CA$148.7bCA$22.8bCA$474.6m26x313.3x6.5x
Mon, 17 Mar 2025CA$147.6bCA$23.5bCA$319.5m21.3x462.1x6.3x
Wed, 12 Feb 2025CA$158.8bCA$22.7b-CA$2,129,288,172.6521.2x-74.6x7x
Fri, 10 Jan 2025CA$144.1bCA$22.8b-CA$2,174,871,727.3923.3x-66.3x6.3x
Sun, 08 Dec 2024CA$155.4bCA$22.5b-CA$2,131,951,182.0624.3x-72.9x6.9x
Tue, 05 Nov 2024CA$139.8bCA$21.4b-CA$2,038,582,582.7621.8x-68.6x6.5x
Thu, 03 Oct 2024CA$141.5bCA$20.7b-CA$2,259,990,441.4422.5x-62.6x6.8x
Sat, 31 Aug 2024CA$138.0bCA$20.7b-CA$2,252,149,709.4222.6x-61.3x6.7x
Mon, 29 Jul 2024CA$145.3bCA$20.4b-CA$3,188,083,765.9745.3x-45.6x7.1x
Wed, 26 Jun 2024CA$128.6bCA$20.1b-CA$3,140,392,059.2834.5x-40.9x6.4x
Fri, 24 May 2024CA$127.0bCA$20.2b-CA$3,189,004,020.3534.8x-39.8x6.3x
Sun, 21 Apr 2024CA$124.4bCA$19.5b-CA$4,006,444,051.0835.1x-31x6.4x
Tue, 19 Mar 2024CA$118.7bCA$19.3b-CA$3,937,933,302.4122.4x-30.2x6.2x
Thu, 15 Feb 2024CA$115.3bCA$18.4b-CA$1,929,469,722.6421.8x-59.7x6.3x
Sat, 13 Jan 2024CA$116.3bCA$18.4b-CA$3,170,171,178.0028.5x-36.7x6.3x
Mon, 11 Dec 2023CA$110.5bCA$18.7b-CA$3,297,761,330.0025.8x-33.5x5.9x
Wed, 08 Nov 2023CA$97.8bCA$18.3b-CA$3,598,700,447.0056.1x-27.2x5.4x
Fri, 06 Oct 2023CA$96.5bCA$17.9b-CA$3,399,251,593.0043.4x-28.4x5.4x
Sun, 03 Sep 2023CA$100.0bCA$17.8b-CA$3,320,246,410.0045.3x-30.1x5.6x
Tue, 01 Aug 2023CA$99.5bCA$16.6b-CA$3,093,321,040.0061.2x-32.2x6x
Thu, 29 Jun 2023CA$97.3bCA$16.7b-CA$2,971,698,343.0061.1x-32.7x5.8x
Sat, 27 May 2023CA$94.8bCA$17.1b-CA$3,096,601,109.0070.1x-30.6x5.6x
Mon, 24 Apr 2023CA$93.3bCA$16.1b-CA$2,292,007,730.0028.9x-40.7x5.8x
Wed, 22 Mar 2023CA$86.0bCA$15.3b-CA$2,414,515,515.0027.2x-35.6x5.6x
Price to Earnings Ratio

-35.6x


Total Market Cap: CA$86.0bTotal Earnings: -CA$2,414,515,515.00Total Revenue: CA$15.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Application Software Industry Price to Earnings3Y Average 161.7x202420252026
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 3.5x.
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 Market-1.70%
Tech-5.39%
Software-10.47%
Application Software-10.73%
Systems Software-3.76%
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
BITF BitfarmsCA$3.0610.9%
+CA$180.8m		90.1%PS4.9x
DSG Descartes Systems GroupCA$99.522.1%
+CA$176.6m		-30.3%PE38.1x
HIVE HIVE Digital TechnologiesCA$2.934.6%
+CA$32.9m		17.2%PS2.1x
SPAI Sparc AlCA$2.1553.6%
+CA$17.5m		696.3%PB206.1x
ACT Aduro Clean TechnologiesCA$15.252.9%
+CA$14.4m		110.3%PS1675.5x

Latest News

ENGH
CA$15.19
Enghouse Systems
7D
-17.3%
1Y
-41.8%
SPAI
CA$2.15
Sparc Al
7D
53.6%
1Y
696.3%
DGX
CA$3.09
Digi Power X
7D
-16.9%
1Y
75.6%
DSG
CA$99.52
Descartes Systems Group
7D
2.1%
1Y
-30.3%
CSU
CA$2,524.08
Constellation Software
7D
-14.8%
1Y
-46.3%
TINY
CA$6.70
Tiny
7D
7.2%
1Y
-35.6%
MIM
CA$0.32
MiMedia Holdings
7D
28.0%
1Y
-37.3%
LMN
CA$25.08
Lumine Group
7D
-6.4%
1Y
-34.9%
TOI
CA$97.87
Topicus.com
7D
-10.7%
1Y
-28.6%
BITF
CA$3.06
Bitfarms
7D
10.9%
1Y
90.1%
LSPD
CA$12.14
Lightspeed Commerce
7D
-6.6%
1Y
-21.6%

LSPD: Sector Reset And AI Investments Will Shape Balanced Risk Reward

The consensus analyst price target for Lightspeed Commerce has been reduced by CA$1.86. Analysts are incorporating slightly lower fair value estimates, a modestly higher discount rate, and more cautious revenue growth assumptions.
CLIP
CA$0.20
Clip Money
7D
42.9%
1Y
-4.8%
ABXX
CA$34.70
Abaxx Technologies
7D
-11.0%
1Y
233.7%
CVO
CA$4.72
Coveo Solutions
7D
-6.5%
1Y
-8.0%
HIVE
CA$2.93
HIVE Digital Technologies
7D
4.6%
1Y
17.2%
ACT
CA$15.25
Aduro Clean Technologies
7D
2.9%
1Y
110.3%