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Canadian (TSX) Application Software Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies72
  • 7D7.8%
  • 3M-14.0%
  • 1Y-32.4%
  • YTDn/a

Over the last 7 days, the Application Software industry has risen 14%, driven by gains from Constellation Software of 9.1%. During this same period, the Abaxx Technologies underperformed, falling 7.3%. In contrast, the industry has lost 32% in the last 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026CA$102.3bCA$25.7b-CA$192,890,962.1438.7x-530.3x4x
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
Price to Earnings Ratio

-35.3x


Total Market Cap: CA$84.6bTotal Earnings: -CA$2,399,168,248.00Total Revenue: CA$15.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Application Software Industry Price to Earnings3Y Average 163.5x202420252026
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 2kx which is higher than its 3-year average PE of 163x.
  • The 3-year average PS ratio of 6.0x is higher than the industry's current PS ratio of 4.1x.
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 18% 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-1.63%
Tech5.62%
Software7.57%
Application Software7.80%
Systems Software1.84%
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$2.94k9.1%
+CA$5.2b		-37.8%PE89.6x
LMN Lumine GroupCA$25.7222.1%
+CA$1.2b		-33.5%PE40.9x
TOI Topicus.comCA$107.897.3%
+CA$615.0m		-22.1%PE136.5x
KXS KinaxisCA$143.167.2%
+CA$265.5m		-10.0%PE41.2x
BITF BitfarmsCA$2.937.7%
+CA$126.6m		80.9%PS4.7x

Latest News

CSU
CA$2,938.78
Constellation Software
7D
9.1%
1Y
-37.8%
THNC
CA$1.48
Thinkific Labs
7D
-20.0%
1Y
-53.0%
LMN
CA$25.72
Lumine Group
7D
22.1%
1Y
-33.5%
TOI
CA$107.89
Topicus.com
7D
7.3%
1Y
-22.1%
BITF
CA$2.93
Bitfarms
7D
7.7%
1Y
80.9%
DND
CA$5.00
Dye & Durham
7D
12.4%
1Y
-61.2%

DND: Extended Review And Filing Delays Will Shape Future Repricing Potential

Analysts have trimmed their average price target on Dye & Durham by CA$0.50 to CA$4.00, reflecting recent target cuts and ongoing concerns about the company's financial health and its slow progress since the strategic review began. Analyst Commentary Recent research points to a cautious stance on Dye & Durham, with coverage reinstated at a Market Perform rating and price targets clustered in the CA$4 to CA$5 range.
ENGH
CA$18.25
Enghouse Systems
7D
1.6%
1Y
-28.3%
KXS
CA$143.16
Kinaxis
7D
7.2%
1Y
-10.0%
ABXX
CA$36.97
Abaxx Technologies
7D
-7.3%
1Y
241.4%
DSG
CA$95.15
Descartes Systems Group
7D
-0.2%
1Y
-32.6%
ISTK
CA$0.62
Intellistake Technologies
7D
-13.9%
1Y
342.9%
CVO
CA$5.20
Coveo Solutions
7D
-2.3%
1Y
1.4%
DGX
CA$3.73
Digi Power X
7D
-6.8%
1Y
119.4%
HIVE
CA$2.80
HIVE Digital Technologies
7D
-2.4%
1Y
10.7%
ACT
CA$15.40
Aduro Clean Technologies
7D
8.5%
1Y
116.0%
MHUB
CA$0.84
Minehub Technologies
7D
-12.5%
1Y
20.0%