Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Application Software Industry Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies71
  • 7D-3.9%
  • 3M-27.6%
  • 1Y-47.2%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 6.0%, driven by Constellation Software declining 7.1%. On the other hand Bitfarms is actually up 21%. However, the industry is down 48% 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Feb 2026CA$82.6bCA$24.9bCA$142.5m29.6x579.8x3.3x
Mon, 12 Jan 2026CA$116.8bCA$25.4bCA$135.6m39.5x861.5x4.6x
Wed, 10 Dec 2025CA$117.7bCA$25.3bCA$141.3m40.7x833.3x4.7x
Fri, 07 Nov 2025CA$123.4bCA$25.0bCA$100.2m52.1x1231.6x4.9x
Sun, 05 Oct 2025CA$137.9bCA$24.5bCA$238.8m54.7x577.8x5.6x
Tue, 02 Sep 2025CA$151.9bCA$24.1bCA$228.8m60.6x664x6.3x
Thu, 31 Jul 2025CA$162.3bCA$23.4bCA$156.2m48.8x1039x6.9x
Sat, 28 Jun 2025CA$157.4bCA$23.3bCA$181.8m40.9x866.1x6.8x
Mon, 26 May 2025CA$157.8bCA$23.2bCA$191.3m34.3x825.1x6.8x
Wed, 23 Apr 2025CA$146.3bCA$22.8bCA$473.4m27.3x309x6.4x
Fri, 21 Mar 2025CA$146.9bCA$23.4bCA$317.0m22.8x463.4x6.3x
Sun, 16 Feb 2025CA$158.1bCA$22.6b-CA$2,081,163,004.3421.2x-76x7x
Tue, 14 Jan 2025CA$142.4bCA$22.8b-CA$2,177,241,450.8922.7x-65.4x6.3x
Thu, 12 Dec 2024CA$153.6bCA$22.5b-CA$2,134,433,109.3525.2x-72x6.8x
Sat, 09 Nov 2024CA$145.8bCA$21.5b-CA$2,026,466,404.5423.4x-71.9x6.8x
Mon, 07 Oct 2024CA$140.5bCA$20.8b-CA$2,270,467,663.4622.4x-61.9x6.7x
Wed, 04 Sep 2024CA$140.5bCA$20.8b-CA$2,268,001,557.1822.3x-61.9x6.8x
Fri, 02 Aug 2024CA$142.0bCA$20.4b-CA$3,168,916,297.7145.4x-44.8x6.9x
Sun, 30 Jun 2024CA$132.0bCA$20.2b-CA$3,150,681,860.8541.9x-41.9x6.5x
Tue, 28 May 2024CA$129.2bCA$20.1b-CA$3,164,409,828.3939.2x-40.8x6.4x
Thu, 25 Apr 2024CA$127.2bCA$19.5b-CA$3,995,551,595.5435.6x-31.8x6.5x
Sat, 23 Mar 2024CA$120.5bCA$19.3b-CA$3,949,120,338.4122.2x-30.5x6.2x
Mon, 19 Feb 2024CA$119.3bCA$18.4b-CA$1,918,703,365.2022.2x-62.2x6.5x
Wed, 17 Jan 2024CA$117.2bCA$18.5b-CA$3,184,567,593.0025.2x-36.8x6.3x
Fri, 15 Dec 2023CA$111.5bCA$18.5b-CA$3,260,005,098.0025.6x-34.2x6x
Sun, 12 Nov 2023CA$102.5bCA$18.9b-CA$3,436,196,029.0046.2x-29.8x5.4x
Tue, 10 Oct 2023CA$97.7bCA$17.9b-CA$3,390,244,122.0043.9x-28.8x5.5x
Thu, 07 Sep 2023CA$98.3bCA$17.9b-CA$3,305,438,016.0044.8x-29.7x5.5x
Sat, 05 Aug 2023CA$96.7bCA$17.0b-CA$2,989,210,899.0043.7x-32.4x5.7x
Mon, 03 Jul 2023CA$98.6bCA$16.7b-CA$2,924,511,938.0062.8x-33.7x5.9x
Wed, 31 May 2023CA$94.5bCA$17.0b-CA$3,093,354,372.0071.3x-30.6x5.6x
Fri, 28 Apr 2023CA$93.6bCA$16.2b-CA$2,297,766,134.0035.8x-40.7x5.8x
Sun, 26 Mar 2023CA$86.8bCA$15.3b-CA$2,419,307,225.0027.1x-35.9x5.7x
Tue, 21 Feb 2023CA$86.2bCA$15.1b-CA$2,100,973,773.0030.4x-41x5.7x
Price to Earnings Ratio

-41x


Total Market Cap: CA$86.2bTotal Earnings: -CA$2,100,973,773.00Total Revenue: CA$15.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Application Software Industry Price to Earnings3Y Average 180.2x202420252026
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 588x which is higher than its 3-year average PE of 180x.
  • The 3-year average PS ratio of 6.1x is higher than the industry's current PS ratio of 3.4x.
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 Market1.86%
Tech-6.12%
Software-3.75%
Application Software-3.85%
Systems Software-1.58%
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?

CompanyLast Price7D1YValuation
ABXX Abaxx TechnologiesCA$44.052.4%
+CA$38.5m		353.2%PS1988.1x
RAIL Railtown AI TechnologiesCA$0.5240.5%
+CA$29.3m		11.8%PE-18.9x
IMP Intermap TechnologiesCA$1.878.7%
+CA$10.9m		-32.2%PS6.1x
NDA Neptune Digital AssetsCA$0.8410.5%
+CA$10.3m		-54.3%PS62.6x
BEW BeWhere HoldingsCA$0.9610.3%
+CA$8.1m		39.1%PE123.5x

Latest News

TOI
CA$85.28
Topicus.com
7D
-10.0%
1Y
-42.2%
LMN
CA$18.30
Lumine Group
7D
-8.5%
1Y
-53.4%
CMG
CA$4.05
Computer Modelling Group
7D
-11.4%
1Y
-52.6%
SPAI
CA$1.15
Sparc Al
7D
32.2%
1Y
411.1%
LSPD
CA$12.25
Lightspeed Commerce
7D
-3.2%
1Y
-36.1%
RAIL
CA$0.52
Railtown AI Technologies
7D
40.5%
1Y
11.8%
ABXX
CA$44.05
Abaxx Technologies
7D
2.4%
1Y
353.2%
CSU
CA$2,356.67
Constellation Software
7D
-3.2%
1Y
-52.2%
DSG
CA$89.57
Descartes Systems Group
7D
-1.8%
1Y
-45.8%

DSG: Freight Headwinds And Buyback Plan Will Shape Bullish Upside Potential

Analysts have reduced their average 12 month price target on Descartes Systems Group to CA$134.07, with recent cuts from firms such as Scotiabank, Wolfe Research and Morgan Stanley offset by upgrades that point to a potential inflection in growth and relatively low valuation levels. Analyst Commentary Recent research paints a mixed picture for Descartes Systems Group, with some analysts leaning more positive on the long term setup while others are trimming expectations in the near term.
ENGH
CA$17.26
Enghouse Systems
7D
-3.8%
1Y
-36.3%

AI Monetization And M&A Constraints Will Shape A Cautious Long Term Outlook

Catalysts About Enghouse Systems Enghouse Systems provides software and services across contact centers, networks and transportation, with a focus on recurring SaaS and maintenance revenue. What are the underlying business or industry changes driving this perspective?
KXS
CA$123.77
Kinaxis
7D
-2.9%
1Y
-24.1%

AI Supply Chain Adoption Will Drive Long Runway For This Cloud Planning Leader

Catalysts About Kinaxis Kinaxis provides cloud based supply chain planning and orchestration software to large enterprises worldwide. What are the underlying business or industry changes driving this perspective?
BITF
CA$2.93
Bitfarms
7D
0.3%
1Y
46.5%

BITF: Liquidity Progress And Clearer Crypto Rules Will Support Future Expansion

Narrative Update: Bitfarms Analyst Price Target Shift Analysts have trimmed their price target on Bitfarms by a small amount to reflect increased focus on liquidity risk and a less supportive regulatory backdrop for crypto, while keeping only minor adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent research commentary on Bitfarms has shifted toward risk control, with a particular focus on liquidity and the policy backdrop for crypto.
URAI
CA$0.40
Inturai Ventures
7D
9.7%
1Y
243.5%
NDA
CA$0.84
Neptune Digital Assets
7D
10.5%
1Y
-54.3%
IMP
CA$1.87
Intermap Technologies
7D
8.7%
1Y
-32.2%

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
BEW
CA$0.96
BeWhere Holdings
7D
10.3%
1Y
39.1%