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- 7D4.8%
- 3M-16.5%
- 1Y-37.4%
- YTD-19.7%
Last week, the Software industry hasn't moved much but Constellation Software is up 5.8% in that time. As for the longer term, the industry has declined 38% in the last year. Earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Canadian Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 15 Apr 2026 | CA$93.0b | CA$26.8b | -CA$104,972,158.76 | 36.6x | -886.4x | 3.5x |
| Fri, 13 Mar 2026 | CA$99.3b | CA$26.8b | -CA$175,477,557.15 | 38.8x | -565.8x | 3.7x |
| Sun, 08 Feb 2026 | CA$91.1b | CA$26.0b | CA$163.5m | 36.9x | 557.5x | 3.5x |
| Tue, 06 Jan 2026 | CA$118.5b | CA$26.1b | CA$144.5m | 46.7x | 820.2x | 4.5x |
| Thu, 04 Dec 2025 | CA$122.4b | CA$26.5b | CA$149.5m | 49.1x | 818.4x | 4.6x |
| Sat, 01 Nov 2025 | CA$131.0b | CA$25.6b | CA$249.1m | 54.4x | 526x | 5.1x |
| Mon, 29 Sep 2025 | CA$134.3b | CA$25.5b | CA$263.6m | 55.1x | 509.5x | 5.3x |
| Wed, 27 Aug 2025 | CA$155.2b | CA$25.3b | CA$243.6m | 58x | 637x | 6.1x |
| Fri, 25 Jul 2025 | CA$166.2b | CA$24.2b | CA$171.3m | 53.2x | 970x | 6.9x |
| Sun, 22 Jun 2025 | CA$160.6b | CA$24.3b | CA$159.3m | 41.1x | 1008.1x | 6.6x |
| Tue, 20 May 2025 | CA$168.7b | CA$24.6b | CA$933.0m | 34.3x | 180.8x | 6.9x |
| Thu, 17 Apr 2025 | CA$151.4b | CA$23.9b | CA$446.0m | 28.9x | 339.4x | 6.3x |
| Sat, 15 Mar 2025 | CA$150.0b | CA$24.8b | CA$91.0m | 26.2x | 1648.7x | 6.1x |
| Mon, 10 Feb 2025 | CA$163.3b | CA$23.9b | -CA$2,374,785,406.67 | 40.4x | -68.8x | 6.8x |
| Wed, 08 Jan 2025 | CA$149.3b | CA$24.0b | -CA$2,404,478,302.67 | 41.2x | -62.1x | 6.2x |
| Fri, 06 Dec 2024 | CA$159.3b | CA$23.5b | -CA$2,326,977,928.63 | 44.7x | -68.5x | 6.8x |
| Sun, 03 Nov 2024 | CA$142.6b | CA$22.6b | -CA$2,252,494,397.46 | 41.1x | -63.3x | 6.3x |
| Tue, 01 Oct 2024 | CA$144.6b | CA$21.9b | -CA$2,464,203,732.36 | 39.9x | -58.7x | 6.6x |
| Thu, 29 Aug 2024 | CA$142.6b | CA$21.9b | -CA$2,510,171,317.14 | 47.6x | -56.8x | 6.5x |
| Sat, 27 Jul 2024 | CA$145.0b | CA$21.6b | -CA$3,429,082,301.64 | 46.4x | -42.3x | 6.7x |
| Mon, 24 Jun 2024 | CA$131.0b | CA$21.6b | -CA$3,385,284,807.12 | 39.3x | -38.7x | 6.1x |
| Wed, 22 May 2024 | CA$130.0b | CA$21.6b | -CA$3,435,985,708.89 | 40.6x | -37.8x | 6x |
| Fri, 19 Apr 2024 | CA$129.5b | CA$21.0b | -CA$4,280,023,353.60 | 37.1x | -30.3x | 6.2x |
| Sun, 17 Mar 2024 | CA$123.5b | CA$20.7b | -CA$4,802,955,300.48 | 28.5x | -25.7x | 6x |
| Tue, 13 Feb 2024 | CA$120.3b | CA$19.7b | -CA$2,882,659,848.93 | 24.7x | -41.7x | 6.1x |
| Thu, 11 Jan 2024 | CA$116.9b | CA$19.8b | -CA$3,956,368,004.00 | 27.5x | -29.5x | 5.9x |
| Sat, 09 Dec 2023 | CA$114.4b | CA$20.2b | -CA$4,234,878,318.00 | 25.8x | -27x | 5.7x |
| Mon, 06 Nov 2023 | CA$101.9b | CA$19.7b | -CA$4,386,307,501.00 | 68.6x | -23.2x | 5.2x |
| Wed, 04 Oct 2023 | CA$99.7b | CA$19.4b | -CA$4,200,088,015.00 | 53.9x | -23.7x | 5.1x |
| Fri, 01 Sep 2023 | CA$104.0b | CA$19.3b | -CA$4,139,550,574.00 | 58.8x | -25.1x | 5.4x |
| Sun, 30 Jul 2023 | CA$102.6b | CA$18.2b | -CA$3,867,055,304.00 | 71.4x | -26.5x | 5.6x |
| Tue, 27 Jun 2023 | CA$98.8b | CA$17.8b | -CA$3,929,704,001.00 | 69.6x | -25.1x | 5.5x |
| Thu, 25 May 2023 | CA$97.5b | CA$18.2b | -CA$4,107,279,036.00 | 69.6x | -23.7x | 5.4x |
| Sat, 22 Apr 2023 | CA$97.6b | CA$17.4b | -CA$3,293,392,633.00 | 34.5x | -29.6x | 5.6x |
Price to Earnings Ratio
-29.6x
Current Industry PE
- Investors are pessimistic on the Canadian Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 5.8x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Software industry have improved over the last three years.
- Revenues for these companies have grown 16% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Canadian Tech industry?
| CA Market | 2.81% | |
| Tech | 11.95% | |
| Software | 4.78% | |
| Systems Software | 14.11% | |
| Application Software | 4.37% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 88.9x.
- Analysts are expecting annual earnings growth of 20.4%, which is lower than the prior year's growth of 98.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings decline of 7.7% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 20% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CSU Constellation Software | CA$2.52k | 5.8% +CA$2.9b | -46.1% | PE75.6x | |
| KEEL Keel Infrastructure | CA$3.91 | 37.2% +CA$639.0m | 252.3% | n/a | |
| BB BlackBerry | CA$5.49 | 13.4% +CA$371.2m | 21.7% | PE44.1x | |
| TOI Topicus.com | CA$95.50 | 2.6% +CA$204.2m | -35.9% | PE117.4x | |
| HIVE HIVE Digital Technologies | CA$3.33 | 23.3% +CA$159.6m | 65.7% | PS2.4x |
