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Canadian (TSX) Application Software Industry Analysis
UpdatedMay 19, 2025
DataAggregated Company Financials
Companies64
- 7D-0.4%
- 3M3.7%
- 1Y29.9%
- YTDn/a
Last week, the Application Software industry hasn't moved much but Descartes Systems Group is up 6.1% in that time. The past year has been better, since the industry has gained 30% in that time. Earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Canadian Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 19 May 2025 | CA$164.0b | CA$23.5b | CA$958.7m | 33.1x | 171.1x | 7x |
| Wed, 16 Apr 2025 | CA$145.0b | CA$23.0b | CA$479.8m | 28.1x | 302.1x | 6.3x |
| Fri, 14 Mar 2025 | CA$149.7b | CA$23.6b | CA$331.0m | 21x | 452.1x | 6.3x |
| Sun, 09 Feb 2025 | CA$157.8b | CA$22.7b | -CA$2,146,449,512.44 | 21.8x | -73.5x | 7x |
| Tue, 07 Jan 2025 | CA$148.3b | CA$22.7b | -CA$2,166,777,878.85 | 24.3x | -68.4x | 6.5x |
| Thu, 05 Dec 2024 | CA$154.0b | CA$22.3b | -CA$2,121,534,375.67 | 24.9x | -72.6x | 6.9x |
| Sat, 02 Nov 2024 | CA$137.2b | CA$21.4b | -CA$2,320,534,413.71 | 21.9x | -59.1x | 6.4x |
| Mon, 30 Sep 2024 | CA$140.4b | CA$20.8b | -CA$2,261,926,216.24 | 22.1x | -62.1x | 6.8x |
| Wed, 28 Aug 2024 | CA$140.3b | CA$20.8b | -CA$2,271,530,200.37 | 24.1x | -61.8x | 6.8x |
| Fri, 26 Jul 2024 | CA$140.9b | CA$20.4b | -CA$3,187,599,789.90 | 45x | -44.2x | 6.9x |
| Sun, 23 Jun 2024 | CA$128.1b | CA$20.2b | -CA$3,135,504,847.95 | 34.2x | -40.8x | 6.3x |
| Tue, 21 May 2024 | CA$126.6b | CA$20.0b | -CA$3,172,692,939.25 | 35.7x | -39.9x | 6.3x |
| Thu, 18 Apr 2024 | CA$126.3b | CA$19.6b | -CA$4,004,199,903.70 | 27.3x | -31.5x | 6.5x |
| Sat, 16 Mar 2024 | CA$119.9b | CA$19.3b | -CA$3,943,660,972.79 | 22.3x | -30.4x | 6.2x |
| Mon, 12 Feb 2024 | CA$118.4b | CA$18.2b | -CA$2,044,255,287.42 | 22.2x | -57.9x | 6.5x |
| Wed, 10 Jan 2024 | CA$113.2b | CA$18.4b | -CA$3,168,770,835.00 | 27.6x | -35.7x | 6.2x |
| Fri, 08 Dec 2023 | CA$109.7b | CA$18.8b | -CA$3,447,697,712.00 | 25.9x | -31.8x | 5.8x |
| Sun, 05 Nov 2023 | CA$97.8b | CA$18.2b | -CA$3,578,941,228.00 | 54.6x | -27.3x | 5.4x |
| Tue, 03 Oct 2023 | CA$95.8b | CA$17.9b | -CA$3,392,505,773.00 | 42.3x | -28.2x | 5.4x |
| Thu, 31 Aug 2023 | CA$98.7b | CA$17.8b | -CA$3,357,135,147.00 | 44.7x | -29.4x | 5.5x |
| Sat, 29 Jul 2023 | CA$97.8b | CA$16.6b | -CA$3,096,723,058.00 | 60.5x | -31.6x | 5.9x |
| Mon, 26 Jun 2023 | CA$94.3b | CA$16.6b | -CA$2,961,352,236.00 | 60x | -31.9x | 5.7x |
| Wed, 24 May 2023 | CA$92.7b | CA$16.8b | -CA$3,083,904,005.00 | 66.6x | -30.1x | 5.5x |
| Fri, 21 Apr 2023 | CA$92.1b | CA$15.7b | -CA$2,322,668,437.00 | 23.2x | -39.7x | 5.9x |
| Sun, 19 Mar 2023 | CA$84.6b | CA$15.3b | -CA$2,379,149,659.00 | 27.6x | -35.6x | 5.5x |
| Tue, 14 Feb 2023 | CA$85.1b | CA$15.0b | -CA$2,086,155,014.00 | 29.2x | -40.8x | 5.7x |
| Thu, 12 Jan 2023 | CA$79.3b | CA$14.9b | -CA$511,102,346.00 | 23.2x | -155.1x | 5.3x |
| Sat, 10 Dec 2022 | CA$75.0b | CA$15.0b | -CA$524,261,089.00 | 27.3x | -143.2x | 5x |
| Mon, 07 Nov 2022 | CA$67.9b | CA$14.8b | -CA$233,563,290.00 | 18.4x | -290.9x | 4.6x |
| Wed, 05 Oct 2022 | CA$74.8b | CA$14.1b | -CA$233,419,843.00 | 28.9x | -320.3x | 5.3x |
| Fri, 02 Sep 2022 | CA$72.5b | CA$13.7b | -CA$244,335,455.00 | 19.2x | -296.7x | 5.3x |
| Sun, 31 Jul 2022 | CA$78.1b | CA$12.6b | CA$546.1m | 37x | 143.1x | 6.2x |
| Tue, 28 Jun 2022 | CA$72.1b | CA$12.6b | CA$728.5m | 33.2x | 99x | 5.7x |
| Thu, 26 May 2022 | CA$72.7b | CA$13.1b | CA$269.7m | 43.4x | 269.7x | 5.6x |
Price to Earnings Ratio
269.7x
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 171x which is higher than its 3-year average PE of -28.7x.
- The 3-year average PS ratio of 6.0x is lower than the industry's current PS ratio of 7.0x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 53% per year over the last three years.
- Revenues for these companies have grown 22% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Canadian Application Software compare with similar industries?
| CA Market | 1.46% | |
| Tech | 1.32% | |
| Software | -0.35% | |
| Application Software | -0.44% | |
| Systems Software | 2.90% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LMN Lumine Group | CA$49.40 | 2.9% +CA$359.3m | 28.3% | PE137x | |
| LSPD Lightspeed Commerce | CA$15.15 | 3.2% +CA$68.8m | -27.8% | PS1.5x | |
| HIVE HIVE Digital Technologies | CA$2.88 | 10.8% +CA$43.5m | -13.0% | PS2.6x | |
| DSG Descartes Systems Group | CA$158.78 | 0.3% +CA$41.1m | 19.1% | PE67.9x | |
| ENGH Enghouse Systems | CA$26.66 | 2.7% +CA$39.2m | -8.0% | PE17.3x |