Have your own idea? Try our Stock Screener
- 7D-10.5%
- 3M-22.4%
- 1Y-38.4%
- YTD-20.3%
Over the last 7 days, the Software industry has dropped 10%, driven by Constellation Software declining 15%. In contrast, Bitfarms has gained 11%. Overall the industry is down 38% in 12 months. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Sun, 15 Mar 2026 | CA$94.7b | CA$27.0b | -CA$179,932,417.82 | 38.5x | -526.3x | 3.5x |
| Tue, 10 Feb 2026 | CA$91.3b | CA$25.8b | CA$161.1m | 37.3x | 566.6x | 3.5x |
| Thu, 08 Jan 2026 | CA$120.0b | CA$26.3b | CA$147.1m | 47.4x | 815.3x | 4.6x |
| Sat, 06 Dec 2025 | CA$123.9b | CA$26.3b | CA$157.2m | 53.2x | 787.9x | 4.7x |
| Mon, 03 Nov 2025 | CA$133.9b | CA$25.6b | CA$247.9m | 54.4x | 540.1x | 5.2x |
| Wed, 01 Oct 2025 | CA$137.3b | CA$25.5b | CA$264.8m | 54.9x | 518.6x | 5.4x |
| Fri, 29 Aug 2025 | CA$153.3b | CA$25.2b | CA$234.8m | 63.7x | 653.2x | 6.1x |
| Sun, 27 Jul 2025 | CA$168.9b | CA$24.3b | CA$173.2m | 53.9x | 975.4x | 7x |
| Tue, 24 Jun 2025 | CA$161.0b | CA$24.3b | CA$159.9m | 41.1x | 1007.1x | 6.6x |
| Thu, 22 May 2025 | CA$168.5b | CA$24.4b | CA$925.1m | 33.6x | 182.1x | 6.9x |
| Sat, 19 Apr 2025 | CA$152.4b | CA$23.9b | CA$446.5m | 26.9x | 341.3x | 6.4x |
| Mon, 17 Mar 2025 | CA$152.4b | CA$24.8b | CA$91.0m | 26.2x | 1674.1x | 6.1x |
| Wed, 12 Feb 2025 | CA$164.4b | CA$24.0b | -CA$2,357,729,790.51 | 37.9x | -69.7x | 6.9x |
| Fri, 10 Jan 2025 | CA$148.5b | CA$24.0b | -CA$2,409,158,873.61 | 41.4x | -61.6x | 6.2x |
| Sun, 08 Dec 2024 | CA$158.6b | CA$23.7b | -CA$2,344,487,951.92 | 44.1x | -67.6x | 6.7x |
| Tue, 05 Nov 2024 | CA$142.6b | CA$22.6b | -CA$2,245,183,290.38 | 41.9x | -63.5x | 6.3x |
| Thu, 03 Oct 2024 | CA$144.6b | CA$21.9b | -CA$2,460,634,159.60 | 39x | -58.8x | 6.6x |
| Sat, 31 Aug 2024 | CA$140.9b | CA$21.8b | -CA$2,483,219,265.63 | 44.7x | -56.8x | 6.5x |
| Mon, 29 Jul 2024 | CA$148.3b | CA$21.6b | -CA$3,428,419,575.50 | 46.4x | -43.3x | 6.9x |
| Wed, 26 Jun 2024 | CA$131.5b | CA$21.6b | -CA$3,389,444,792.75 | 39.9x | -38.8x | 6.1x |
| Fri, 24 May 2024 | CA$130.5b | CA$21.7b | -CA$3,446,046,380.84 | 45.1x | -37.9x | 6x |
| Sun, 21 Apr 2024 | CA$127.7b | CA$21.0b | -CA$4,275,092,876.23 | 36.2x | -29.9x | 6.1x |
| Tue, 19 Mar 2024 | CA$122.0b | CA$20.7b | -CA$4,796,744,381.42 | 28.6x | -25.4x | 5.9x |
| Thu, 15 Feb 2024 | CA$118.5b | CA$19.9b | -CA$2,774,331,470.88 | 24.5x | -42.7x | 6x |
| Sat, 13 Jan 2024 | CA$120.1b | CA$19.9b | -CA$3,963,187,475.00 | 28.5x | -30.3x | 6.1x |
| Mon, 11 Dec 2023 | CA$114.8b | CA$20.1b | -CA$4,086,420,318.00 | 25.8x | -28.1x | 5.7x |
| Wed, 08 Nov 2023 | CA$101.8b | CA$19.8b | -CA$4,411,670,814.00 | 68.8x | -23.1x | 5.1x |
| Fri, 06 Oct 2023 | CA$100.6b | CA$19.5b | -CA$4,209,051,887.00 | 54.1x | -23.9x | 5.2x |
| Sun, 03 Sep 2023 | CA$105.6b | CA$19.4b | -CA$4,111,802,555.00 | 59.2x | -25.7x | 5.4x |
| Tue, 01 Aug 2023 | CA$104.6b | CA$18.2b | -CA$3,860,723,910.00 | 72.3x | -27.1x | 5.8x |
| Thu, 29 Jun 2023 | CA$102.3b | CA$18.0b | -CA$3,953,849,961.00 | 72.8x | -25.9x | 5.7x |
| Sat, 27 May 2023 | CA$100.1b | CA$18.3b | -CA$4,106,053,844.00 | 76.3x | -24.4x | 5.5x |
| Mon, 24 Apr 2023 | CA$97.6b | CA$17.4b | -CA$3,293,412,050.00 | 34.5x | -29.6x | 5.6x |
| Wed, 22 Mar 2023 | CA$89.8b | CA$16.6b | -CA$2,580,280,710.00 | 36.9x | -34.8x | 5.4x |
Price to Earnings Ratio
-34.8x
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 5.9x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Software industry have improved over the last three years.
- Revenues for these companies have grown 18% 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 | -1.70% | |
| Tech | -5.39% | |
| Software | -10.47% | |
| Systems Software | -3.76% | |
| Application Software | -10.73% | |
Industry PE
- Investors are most optimistic about the Systems Software industry which is trading above its 3-year average PE ratio of 83.6x.
- Analysts are expecting annual earnings growth of 28.4%, which is lower than the prior year's growth of 98.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 28% over the next 5 years.
- However this is lower than its past earnings growth rate of 99% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 25% 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 | |
|---|---|---|---|---|---|
| BITF Bitfarms | CA$3.06 | 10.9% +CA$180.8m | 90.1% | PS4.9x | |
| DSG Descartes Systems Group | CA$99.52 | 2.1% +CA$176.6m | -30.3% | PE38.1x | |
| HIVE HIVE Digital Technologies | CA$2.93 | 4.6% +CA$32.9m | 17.2% | PS2.1x | |
| SPAI Sparc Al | CA$2.15 | 53.6% +CA$17.5m | 696.3% | PB206.1x | |
| ACT Aduro Clean Technologies | CA$15.25 | 2.9% +CA$14.4m | 110.3% | PS1675.5x |