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Canadian (TSX) Software Industry Analysis
UpdatedAug 03, 2025
DataAggregated Company Financials
Companies78
- 7D-3.6%
- 3M-0.1%
- 1Y19.5%
- YTD6.6%
Over the last 7 days, the Software industry has dropped 3.6%, driven by Constellation Software declining 3.5%. In contrast, Dye & Durham has gained 23%. Over the past 12 months, the industry was up 20%. Looking forward, earnings are forecast to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Sun, 03 Aug 2025 | CA$162.7b | CA$24.6b | CA$217.7m | 50x | 747.4x | 6.6x |
| Tue, 01 Jul 2025 | CA$164.9b | CA$24.2b | CA$190.0m | 43x | 868.2x | 6.8x |
| Thu, 29 May 2025 | CA$164.4b | CA$24.4b | CA$169.3m | 43.4x | 971.3x | 6.7x |
| Sat, 26 Apr 2025 | CA$158.6b | CA$23.9b | CA$438.7m | 31.7x | 361.5x | 6.6x |
| Mon, 24 Mar 2025 | CA$151.2b | CA$24.7b | CA$89.5m | 26.6x | 1688.5x | 6.1x |
| Wed, 19 Feb 2025 | CA$163.9b | CA$23.8b | -CA$2,310,697,056.86 | 28.3x | -70.9x | 6.9x |
| Fri, 17 Jan 2025 | CA$148.9b | CA$24.1b | -CA$2,411,470,956.13 | 40.9x | -61.8x | 6.2x |
| Sun, 15 Dec 2024 | CA$157.4b | CA$23.8b | -CA$2,366,695,010.22 | 43.2x | -66.5x | 6.6x |
| Tue, 12 Nov 2024 | CA$148.4b | CA$23.2b | -CA$2,321,823,718.55 | 43.7x | -63.9x | 6.4x |
| Thu, 10 Oct 2024 | CA$142.6b | CA$22.2b | -CA$2,493,571,662.26 | 41.7x | -57.2x | 6.4x |
| Sat, 07 Sep 2024 | CA$137.6b | CA$22.0b | -CA$2,504,171,439.81 | 41x | -55x | 6.3x |
| Mon, 05 Aug 2024 | CA$136.2b | CA$21.8b | -CA$3,383,761,039.63 | 44.2x | -40.3x | 6.3x |
| Wed, 03 Jul 2024 | CA$135.1b | CA$21.3b | -CA$3,435,969,856.87 | 43.7x | -39.3x | 6.3x |
| Fri, 31 May 2024 | CA$129.7b | CA$21.6b | -CA$3,404,751,763.76 | 42x | -38.1x | 6x |
| Sun, 28 Apr 2024 | CA$128.2b | CA$20.9b | -CA$4,253,287,409.27 | 47.4x | -30.1x | 6.1x |
| Tue, 26 Mar 2024 | CA$123.9b | CA$20.8b | -CA$4,803,975,565.53 | 28.6x | -25.8x | 6x |
| Thu, 22 Feb 2024 | CA$122.5b | CA$19.8b | -CA$2,776,576,517.07 | 24.1x | -44.1x | 6.2x |
| Sat, 20 Jan 2024 | CA$122.4b | CA$19.9b | -CA$3,970,840,601.00 | 25.6x | -30.8x | 6.1x |
| Mon, 18 Dec 2023 | CA$116.1b | CA$19.9b | -CA$4,048,611,156.00 | 26.5x | -28.7x | 5.8x |
| Wed, 15 Nov 2023 | CA$107.4b | CA$20.3b | -CA$4,220,209,339.00 | 47.8x | -25.5x | 5.3x |
| Fri, 13 Oct 2023 | CA$101.3b | CA$19.5b | -CA$4,204,743,699.00 | 55.5x | -24.1x | 5.2x |
| Sun, 10 Sep 2023 | CA$102.1b | CA$19.5b | -CA$4,104,906,403.00 | 55.8x | -24.9x | 5.2x |
| Tue, 08 Aug 2023 | CA$101.6b | CA$18.7b | -CA$4,435,543,308.00 | 58.5x | -22.9x | 5.4x |
| Thu, 06 Jul 2023 | CA$102.9b | CA$18.2b | -CA$3,703,681,721.00 | 72.9x | -27.8x | 5.6x |
| Sat, 03 Jun 2023 | CA$102.3b | CA$18.1b | -CA$3,997,798,551.00 | 75.1x | -25.6x | 5.6x |
| Mon, 01 May 2023 | CA$97.9b | CA$17.4b | -CA$3,301,705,022.00 | 66x | -29.7x | 5.6x |
| Wed, 29 Mar 2023 | CA$92.3b | CA$16.5b | -CA$2,583,184,264.00 | 42.8x | -35.7x | 5.6x |
| Fri, 24 Feb 2023 | CA$88.9b | CA$16.4b | -CA$2,466,171,845.00 | 35.9x | -36.1x | 5.4x |
| Sun, 22 Jan 2023 | CA$85.5b | CA$16.1b | -CA$662,875,788.00 | 30.4x | -129x | 5.3x |
| Tue, 20 Dec 2022 | CA$79.1b | CA$16.4b | -CA$570,806,042.00 | 32.7x | -138.5x | 4.8x |
| Thu, 17 Nov 2022 | CA$79.0b | CA$15.9b | -CA$538,576,356.00 | 35.8x | -146.8x | 5x |
| Sat, 15 Oct 2022 | CA$72.5b | CA$15.6b | -CA$277,375,405.00 | 43.8x | -261.3x | 4.6x |
| Mon, 12 Sep 2022 | CA$79.6b | CA$14.9b | -CA$429,706,724.00 | 42x | -185.3x | 5.3x |
| Wed, 10 Aug 2022 | CA$84.0b | CA$14.5b | CA$172.4m | 56.1x | 487.2x | 5.8x |
Price to Earnings Ratio
487.2x
Current Industry PE
- Investors are optimistic on the Canadian Software industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 747x which is higher than its 3-year average PE of 53.9x.
- The 3-year average PS ratio of 5.9x is lower than the industry's current PS ratio of 6.6x.
Past Earnings Growth
- The earnings for companies in the Software industry have grown 8.1% per year 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 their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Tech industry?
| CA Market | -1.74% | |
| Tech | -1.62% | |
| Software | -3.65% | |
| Application Software | -3.55% | |
| Systems Software | -6.74% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 19.3x.
- Analysts are expecting annual earnings growth of 17.5%, which is lower than the prior year's growth of 24.1% per year.
- Investors are most pessimistic about the Systems Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 45% over the next 5 years.
- However this is lower than its past earnings growth rate of 141% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| DND Dye & Durham | CA$10.81 | 22.7% +CA$134.4m | -16.7% | PS1.5x | |
| WERX Fintechwerx International Software Services | CA$5.00 | 14.9% +CA$15.8m | n/a | n/a | |
| TCS Tecsys | CA$37.98 | 2.6% +CA$14.5m | -5.1% | PE126.3x | |
| ONE 01 Communique Laboratory | CA$0.47 | 14.6% +CA$6.1m | 683.3% | PS121x | |
| FTRC FUTR | CA$0.37 | 17.5% +CA$5.6m | 17.0% | PS4.6x |