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Canadian (TSX) Application Software Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies71
  • 7D-14.0%
  • 3M-33.1%
  • 1Y-46.4%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 14%, driven by Constellation Software declining 14%. On the other hand Edge Total Intelligence is actually up 33%. The industry has fallen 46% in the last year. Looking forward, 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
Wed, 04 Feb 2026CA$90.1bCA$24.9bCA$173.5m33.9x519.1x3.6x
Fri, 02 Jan 2026CA$115.7bCA$25.1bCA$132.4m28.3x873.8x4.6x
Sun, 30 Nov 2025CA$119.9bCA$25.5bCA$136.9m39x875.4x4.7x
Tue, 28 Oct 2025CA$133.2bCA$24.6bCA$234.8m55.4x567.2x5.4x
Thu, 25 Sep 2025CA$138.5bCA$24.4bCA$240.5m56.9x575.8x5.7x
Sat, 23 Aug 2025CA$149.4bCA$24.3bCA$230.2m48.8x649.1x6.2x
Mon, 21 Jul 2025CA$165.1bCA$23.3bCA$166.1m53.3x993.6x7.1x
Wed, 18 Jun 2025CA$154.8bCA$23.1bCA$172.7m38.1x896.7x6.7x
Fri, 16 May 2025CA$160.7bCA$23.5bCA$952.3m31.1x168.7x6.8x
Sun, 13 Apr 2025CA$144.0bCA$22.9bCA$470.1m24.1x306.3x6.3x
Tue, 11 Mar 2025CA$154.7bCA$23.8bCA$317.0m21.1x488x6.5x
Thu, 06 Feb 2025CA$155.5bCA$22.7b-CA$2,169,158,930.7521.8x-71.7x6.9x
Sat, 04 Jan 2025CA$147.5bCA$22.9b-CA$2,182,228,648.9423.3x-67.6x6.5x
Mon, 02 Dec 2024CA$155.5bCA$22.2b-CA$2,126,107,365.5024.9x-73.1x7x
Wed, 30 Oct 2024CA$140.0bCA$21.3b-CA$2,322,724,597.6922x-60.3x6.6x
Fri, 27 Sep 2024CA$141.1bCA$20.7b-CA$2,255,667,899.1022.7x-62.5x6.8x
Sun, 25 Aug 2024CA$139.9bCA$20.8b-CA$2,281,333,400.3422.9x-61.3x6.7x
Tue, 23 Jul 2024CA$138.4bCA$20.3b-CA$3,174,803,353.9346.8x-43.6x6.8x
Thu, 20 Jun 2024CA$127.1bCA$20.2b-CA$3,137,472,419.1533.9x-40.5x6.3x
Sat, 18 May 2024CA$126.4bCA$20.0b-CA$3,171,826,239.1335.7x-39.9x6.3x
Mon, 15 Apr 2024CA$124.0bCA$19.6b-CA$4,005,581,413.1926.5x-30.9x6.3x
Wed, 13 Mar 2024CA$121.6bCA$19.2b-CA$3,927,996,386.0124.2x-31x6.3x
Fri, 09 Feb 2024CA$117.6bCA$18.2b-CA$3,086,615,827.1124.1x-38.1x6.5x
Sun, 07 Jan 2024CA$110.0bCA$18.3b-CA$3,161,613,652.0026.7x-34.8x6x
Tue, 05 Dec 2023CA$108.0bCA$18.6b-CA$3,346,171,170.0026.9x-32.3x5.8x
Thu, 02 Nov 2023CA$94.2bCA$18.1b-CA$3,424,037,156.0053.9x-27.5x5.2x
Sat, 30 Sep 2023CA$95.2bCA$17.8b-CA$3,375,301,939.0042.5x-28.2x5.4x
Mon, 28 Aug 2023CA$96.9bCA$17.9b-CA$3,375,160,498.0043.4x-28.7x5.4x
Wed, 26 Jul 2023CA$99.7bCA$16.6b-CA$3,084,665,426.0062.3x-32.3x6x
Fri, 23 Jun 2023CA$94.8bCA$16.6b-CA$2,954,141,591.0059.9x-32.1x5.7x
Sun, 21 May 2023CA$95.9bCA$16.8b-CA$2,195,111,551.0065x-43.7x5.7x
Tue, 18 Apr 2023CA$92.6bCA$15.6b-CA$2,314,456,956.0031.2x-40x5.9x
Thu, 16 Mar 2023CA$83.9bCA$15.4b-CA$2,386,255,144.0027.6x-35.2x5.5x
Sat, 11 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 174.4x202420252026
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 519x which is higher than its 3-year average PE of 174x.
  • The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 3.6x.
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-1.91%
Tech-11.96%
Software-14.01%
Application Software-14.03%
Systems Software-13.54%
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$0.9233.3%
+CA$20.2m		58.6%PS25x
DCBO DoceboCA$26.002.2%
+CA$15.8m		-56.4%PE24.3x
IMP Intermap TechnologiesCA$1.733.6%
+CA$4.3m		-27.6%PS5.6x
LABZ Metasphere LabsCA$0.189.1%
+CA$2.3m		-59.1%PS1663.1x
THNC Thinkific LabsCA$2.011.5%
+CA$2.0m		-35.2%PE376.9x

Latest News

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CA$93.38
Topicus.com
7D
-15.7%
1Y
-33.5%

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%
KXS
CA$123.00
Kinaxis
7D
-15.8%
1Y
-27.9%

Kinaxis Inc.'s (TSE:KXS) Stock Retreats 28% But Earnings Haven't Escaped The Attention Of Investors

Feb 04
Kinaxis Inc.'s (TSE:KXS) Stock Retreats 28% But Earnings Haven't Escaped The Attention Of Investors
CSU
CA$2,288.91
Constellation Software
7D
-13.7%
1Y
-52.3%

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$90.43
Descartes Systems Group
7D
-18.3%
1Y
-45.5%
LABZ
CA$0.18
Metasphere Labs
7D
9.1%
1Y
-59.1%
LSPD
CA$13.44
Lightspeed Commerce
7D
-15.0%
1Y
-35.0%
DCBO
CA$26.00
Docebo
7D
2.2%
1Y
-56.4%
LMN
CA$20.30
Lumine Group
7D
-12.5%
1Y
-48.8%
FTRC
CA$0.28
FUTR
7D
5.8%
1Y
59.4%
THNC
CA$2.01
Thinkific Labs
7D
1.5%
1Y
-35.2%

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$0.92
Edge Total Intelligence
7D
33.3%
1Y
58.6%
GOK
CA$0.015
GINSMS
7D
200.0%
1Y
50.0%
BITF
CA$3.16
Bitfarms
7D
-10.5%
1Y
49.8%

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%
IMP
CA$1.73
Intermap Technologies
7D
3.6%
1Y
-27.6%

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
ABXX
CA$39.70
Abaxx Technologies
7D
-13.7%
1Y
254.8%