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Canadian (TSX) Application Software Industry Analysis
UpdatedJan 17, 2026
DataAggregated Company Financials
Companies73
- 7D-10.1%
- 3M-22.1%
- 1Y-29.3%
- YTDn/a
Over the last 7 days, the Application Software industry has dropped 10%, driven by a pullback from Constellation Software of 14%. On the other hand Abaxx Technologies is actually up 8.1%. However, the industry is down 29% over the past year. As for the next few years, earnings are expected to grow by 24% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 17 Jan 2026 | CA$106.5b | CA$25.4b | CA$132.2m | 43.1x | 805.3x | 4.2x |
| Mon, 15 Dec 2025 | CA$116.1b | CA$25.2b | CA$136.7m | 39.1x | 849.3x | 4.6x |
| Wed, 12 Nov 2025 | CA$115.8b | CA$25.4b | CA$163.9m | 50.9x | 706.9x | 4.6x |
| Fri, 10 Oct 2025 | CA$135.8b | CA$24.6b | CA$238.1m | 56.3x | 570.2x | 5.5x |
| Sun, 07 Sep 2025 | CA$154.2b | CA$24.3b | CA$235.8m | 62.6x | 654x | 6.3x |
| Tue, 05 Aug 2025 | CA$158.1b | CA$23.6b | CA$207.7m | 48.8x | 760.8x | 6.7x |
| Thu, 03 Jul 2025 | CA$160.1b | CA$23.1b | CA$179.3m | 41.2x | 892.7x | 6.9x |
| Sat, 31 May 2025 | CA$159.2b | CA$23.2b | CA$179.4m | 39.1x | 887.6x | 6.9x |
| Mon, 28 Apr 2025 | CA$155.3b | CA$22.8b | CA$475.5m | 27.3x | 326.7x | 6.8x |
| Wed, 26 Mar 2025 | CA$149.7b | CA$23.4b | CA$314.6m | 22.4x | 475.9x | 6.4x |
| Fri, 21 Feb 2025 | CA$156.4b | CA$22.6b | -CA$2,080,934,157.83 | 21.2x | -75.2x | 6.9x |
| Sun, 19 Jan 2025 | CA$146.7b | CA$22.9b | -CA$2,186,158,100.49 | 23x | -67.1x | 6.4x |
| Tue, 17 Dec 2024 | CA$154.3b | CA$22.6b | -CA$2,154,629,553.52 | 24.9x | -71.6x | 6.8x |
| Thu, 14 Nov 2024 | CA$149.5b | CA$22.2b | -CA$2,124,143,209.68 | 22.8x | -70.4x | 6.7x |
| Sat, 12 Oct 2024 | CA$140.4b | CA$21.1b | -CA$2,296,801,139.99 | 21.8x | -61.1x | 6.7x |
| Mon, 09 Sep 2024 | CA$134.8b | CA$20.8b | -CA$2,271,347,508.51 | 22.3x | -59.4x | 6.5x |
| Wed, 07 Aug 2024 | CA$133.5b | CA$20.5b | -CA$3,124,921,395.66 | 43x | -42.7x | 6.5x |
| Fri, 05 Jul 2024 | CA$134.6b | CA$20.1b | -CA$3,135,944,990.25 | 43.6x | -42.9x | 6.7x |
| Sun, 02 Jun 2024 | CA$127.6b | CA$20.1b | -CA$3,143,066,504.97 | 41.9x | -40.6x | 6.3x |
| Tue, 30 Apr 2024 | CA$124.8b | CA$19.4b | -CA$3,985,485,079.78 | 35.7x | -31.3x | 6.4x |
| Thu, 28 Mar 2024 | CA$127.5b | CA$19.3b | -CA$3,938,961,786.65 | 22x | -32.4x | 6.6x |
| Sat, 24 Feb 2024 | CA$120.5b | CA$18.4b | -CA$1,905,830,083.20 | 23.1x | -63.2x | 6.5x |
| Mon, 22 Jan 2024 | CA$119.6b | CA$18.4b | -CA$3,171,796,481.00 | 25.6x | -37.7x | 6.5x |
| Wed, 20 Dec 2023 | CA$108.2b | CA$18.4b | -CA$3,258,522,856.00 | 26.6x | -33.2x | 5.9x |
| Fri, 17 Nov 2023 | CA$105.6b | CA$18.8b | -CA$3,425,814,372.00 | 46.3x | -30.8x | 5.6x |
| Sun, 15 Oct 2023 | CA$95.6b | CA$17.9b | -CA$3,389,739,201.00 | 45.4x | -28.2x | 5.3x |
| Tue, 12 Sep 2023 | CA$98.3b | CA$17.8b | -CA$3,287,726,706.00 | 43.7x | -29.9x | 5.5x |
| Thu, 10 Aug 2023 | CA$96.7b | CA$17.1b | -CA$3,501,097,333.00 | 42.8x | -27.6x | 5.6x |
| Sat, 08 Jul 2023 | CA$96.2b | CA$16.7b | -CA$2,927,453,202.00 | 61x | -32.9x | 5.8x |
| Mon, 05 Jun 2023 | CA$96.8b | CA$16.9b | -CA$2,987,527,834.00 | 67.8x | -32.4x | 5.7x |
| Wed, 03 May 2023 | CA$95.2b | CA$16.2b | -CA$2,339,546,354.00 | 51.4x | -40.7x | 5.9x |
| Fri, 31 Mar 2023 | CA$90.2b | CA$15.8b | -CA$2,373,417,330.00 | 34.3x | -38x | 5.7x |
| Sun, 26 Feb 2023 | CA$83.9b | CA$15.1b | -CA$2,310,699,880.00 | 30.2x | -36.3x | 5.5x |
| Tue, 24 Jan 2023 | CA$82.9b | CA$14.8b | -CA$502,278,915.00 | 24.9x | -165.1x | 5.6x |
Price to Earnings Ratio
-165.1x
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 805x which is higher than its 3-year average PE of 158x.
- The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 4.2x.
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 20% 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 | 1.62% | |
| Tech | -5.12% | |
| Software | -9.64% | |
| Application Software | -10.13% | |
| Systems Software | 2.58% | |
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 | |
|---|---|---|---|---|---|
| ABXX Abaxx Technologies | CA$48.71 | 8.1% +CA$133.5m | 305.9% | PS2194.5x | |
| BITF Bitfarms | CA$4.12 | 5.6% +CA$132.3m | 68.2% | PS6.4x | |
| HIVE HIVE Digital Technologies | CA$4.85 | 11.5% +CA$119.0m | 4.3% | PE24.1x | |
| ACT Aduro Clean Technologies | CA$20.62 | 14.3% +CA$87.3m | 163.9% | PS2247.8x | |
| DSG Descartes Systems Group | CA$122.39 | 0.5% +CA$49.0m | -27.0% | PE48.6x |
