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Canadian (TSX) Application Software Industry Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies72
  • 7D2.6%
  • 3M-17.7%
  • 1Y-37.0%
  • YTDn/a

In the last week, the Application Software industry is up 7.8%, with Constellation Software up 9.1%. Meanwhile, Abaxx Technologies actually underperformed within the industry, shrinking 7.3% in the last week. In contrast, the industry has lost 32% in the last 12 months. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Mar 2026CA$101.0bCA$25.7b-CA$193,104,660.6838.2x-523x3.9x
Sat, 07 Feb 2026CA$87.9bCA$25.0bCA$147.0m30.6x597.9x3.5x
Mon, 05 Jan 2026CA$114.0bCA$25.1bCA$130.8m37.8x871.6x4.5x
Wed, 03 Dec 2025CA$117.0bCA$25.5bCA$138.8m39.1x843.4x4.6x
Fri, 31 Oct 2025CA$122.8bCA$24.5bCA$234.9m51.9x522.9x5x
Sun, 28 Sep 2025CA$128.5bCA$24.5bCA$242.6m55.1x529.5x5.3x
Tue, 26 Aug 2025CA$153.0bCA$24.3bCA$235.7m49.1x649x6.3x
Thu, 24 Jul 2025CA$161.3bCA$23.1bCA$163.8m53.2x984.2x7x
Sat, 21 Jun 2025CA$155.6bCA$23.3bCA$176.0m38.7x884.2x6.7x
Mon, 19 May 2025CA$164.0bCA$23.5bCA$958.7m33.1x171.1x7x
Wed, 16 Apr 2025CA$145.0bCA$23.0bCA$479.8m28.1x302.1x6.3x
Fri, 14 Mar 2025CA$149.7bCA$23.6bCA$331.0m21x452.1x6.3x
Sun, 09 Feb 2025CA$157.8bCA$22.7b-CA$2,146,449,512.4421.8x-73.5x7x
Tue, 07 Jan 2025CA$148.3bCA$22.7b-CA$2,166,777,878.8524.3x-68.4x6.5x
Thu, 05 Dec 2024CA$154.0bCA$22.3b-CA$2,121,534,375.6724.9x-72.6x6.9x
Sat, 02 Nov 2024CA$137.2bCA$21.4b-CA$2,320,534,413.7121.9x-59.1x6.4x
Mon, 30 Sep 2024CA$140.4bCA$20.8b-CA$2,261,926,216.2422.1x-62.1x6.8x
Wed, 28 Aug 2024CA$140.3bCA$20.8b-CA$2,271,530,200.3724.1x-61.8x6.8x
Fri, 26 Jul 2024CA$140.9bCA$20.4b-CA$3,187,599,789.9045x-44.2x6.9x
Sun, 23 Jun 2024CA$128.1bCA$20.2b-CA$3,135,504,847.9534.2x-40.8x6.3x
Tue, 21 May 2024CA$126.6bCA$20.0b-CA$3,172,692,939.2535.7x-39.9x6.3x
Thu, 18 Apr 2024CA$126.3bCA$19.6b-CA$4,004,199,903.7027.3x-31.5x6.5x
Sat, 16 Mar 2024CA$119.9bCA$19.3b-CA$3,943,660,972.7922.3x-30.4x6.2x
Mon, 12 Feb 2024CA$118.4bCA$18.2b-CA$2,044,255,287.4222.2x-57.9x6.5x
Wed, 10 Jan 2024CA$113.2bCA$18.4b-CA$3,168,770,835.0027.6x-35.7x6.2x
Fri, 08 Dec 2023CA$109.7bCA$18.8b-CA$3,447,697,712.0025.9x-31.8x5.8x
Sun, 05 Nov 2023CA$97.8bCA$18.2b-CA$3,578,941,228.0054.6x-27.3x5.4x
Tue, 03 Oct 2023CA$95.8bCA$17.9b-CA$3,392,505,773.0042.3x-28.2x5.4x
Thu, 31 Aug 2023CA$98.7bCA$17.8b-CA$3,357,135,147.0044.7x-29.4x5.5x
Sat, 29 Jul 2023CA$97.8bCA$16.6b-CA$3,096,723,058.0060.5x-31.6x5.9x
Mon, 26 Jun 2023CA$94.3bCA$16.6b-CA$2,961,352,236.0060x-31.9x5.7x
Wed, 24 May 2023CA$92.7bCA$16.8b-CA$3,083,904,005.0066.6x-30.1x5.5x
Fri, 21 Apr 2023CA$92.1bCA$15.7b-CA$2,322,668,437.0023.2x-39.7x5.9x
Sun, 19 Mar 2023CA$84.6bCA$15.3b-CA$2,379,149,659.0027.6x-35.6x5.5x
Price to Earnings Ratio

-35.6x


Total Market Cap: CA$84.6bTotal Earnings: -CA$2,379,149,659.00Total Revenue: CA$15.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Application Software Industry Price to Earnings3Y Average 163x202420252026
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 4.0x.
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-2.39%
Tech0.98%
Software2.50%
Application Software2.57%
Systems Software0.60%
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$2.70k1.9%
+CA$1.0b		-43.2%PE82.3x
LMN Lumine GroupCA$25.0516.3%
+CA$900.7m		-37.7%PE39.8x
TOI Topicus.comCA$104.273.8%
+CA$320.9m		-25.7%PE132.3x
KXS KinaxisCA$139.056.9%
+CA$247.8m		-12.3%PE40x
DCBO DoceboCA$30.6520.7%
+CA$151.3m		-27.8%PE17.3x

Latest News

CSU
CA$2,700.08
Constellation Software
7D
1.9%
1Y
-43.2%
DCBO
CA$30.65
Docebo
7D
20.7%
1Y
-27.8%
THNC
CA$1.54
Thinkific Labs
7D
-18.1%
1Y
-48.1%
MIM
CA$0.33
MiMedia Holdings
7D
22.2%
1Y
-34.0%
LMN
CA$25.05
Lumine Group
7D
16.3%
1Y
-37.7%
TOI
CA$104.27
Topicus.com
7D
3.8%
1Y
-25.7%
BITF
CA$3.03
Bitfarms
7D
-1.3%
1Y
80.4%
DND
CA$4.87
Dye & Durham
7D
-4.3%
1Y
-61.8%

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.
LSPD
CA$12.70
Lightspeed Commerce
7D
-2.2%
1Y
-17.9%

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.
KXS
CA$139.05
Kinaxis
7D
6.9%
1Y
-12.3%
ABXX
CA$37.50
Abaxx Technologies
7D
-3.8%
1Y
247.2%
DSG
CA$93.80
Descartes Systems Group
7D
0.8%
1Y
-34.6%
HIVE
CA$2.88
HIVE Digital Technologies
7D
-8.3%
1Y
12.9%
RAIL
CA$0.48
Railtown AI Technologies
7D
6.6%
1Y
21.3%
NDA
CA$0.79
Neptune Digital Assets
7D
-10.2%
1Y
-44.4%
MHUB
CA$0.80
Minehub Technologies
7D
-16.7%
1Y
19.4%