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Canadian (TSX) Tech Sector Analysis
UpdatedDec 14, 2025
DataAggregated Company Financials
Companies112
- 7D-2.8%
- 3M-10.5%
- 1Y-5.3%
- YTD-2.2%
Over the last 7 days, the Tech industry has dropped 2.8%, driven by a pullback from Celestica of 6.2%. In contrast, Dye & Durham has gained 67%. The industry has fallen 5.3% in the last year. Earnings are forecast to grow by 25% annually.
Sector Valuation and Performance
Has the Canadian Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 14 Dec 2025 | CA$203.3b | CA$60.2b | CA$2.7b | 25.7x | 75x | 3.4x |
| Tue, 11 Nov 2025 | CA$208.4b | CA$60.7b | CA$2.8b | 39.1x | 74.7x | 3.4x |
| Thu, 09 Oct 2025 | CA$213.7b | CA$58.4b | CA$2.7b | 39.8x | 80.2x | 3.7x |
| Sat, 06 Sep 2025 | CA$228.0b | CA$58.2b | CA$2.7b | 40.3x | 85.4x | 3.9x |
| Mon, 04 Aug 2025 | CA$228.3b | CA$57.3b | CA$2.6b | 41.6x | 88.4x | 4x |
| Wed, 02 Jul 2025 | CA$225.7b | CA$55.6b | CA$2.4b | 37.6x | 94.1x | 4.1x |
| Fri, 30 May 2025 | CA$220.3b | CA$56.0b | CA$2.4b | 34.6x | 91.3x | 3.9x |
| Sun, 27 Apr 2025 | CA$210.7b | CA$55.4b | CA$2.7b | 26.9x | 79x | 3.8x |
| Tue, 25 Mar 2025 | CA$204.6b | CA$58.6b | CA$2.2b | 24.1x | 94x | 3.5x |
| Thu, 20 Feb 2025 | CA$230.4b | CA$57.5b | -CA$239,675,278.22 | 22.7x | -961.3x | 4x |
| Sat, 18 Jan 2025 | CA$210.2b | CA$57.4b | -CA$451,551,438.31 | 23.2x | -465.5x | 3.7x |
| Mon, 16 Dec 2024 | CA$215.4b | CA$56.8b | -CA$405,954,241.14 | 25.1x | -530.7x | 3.8x |
| Wed, 13 Nov 2024 | CA$205.0b | CA$56.0b | -CA$358,330,841.12 | 23.5x | -572.2x | 3.7x |
| Fri, 11 Oct 2024 | CA$194.1b | CA$54.0b | -CA$569,206,992.43 | 22.8x | -341.1x | 3.6x |
| Sun, 08 Sep 2024 | CA$183.2b | CA$53.6b | -CA$615,341,960.25 | 21.2x | -297.8x | 3.4x |
| Tue, 06 Aug 2024 | CA$182.2b | CA$53.5b | -CA$1,297,945,808.69 | 26.8x | -140.4x | 3.4x |
| Thu, 04 Jul 2024 | CA$181.6b | CA$52.3b | -CA$1,446,128,075.27 | 31.1x | -125.6x | 3.5x |
| Sat, 01 Jun 2024 | CA$174.0b | CA$52.5b | -CA$1,420,625,047.38 | 27.3x | -122.5x | 3.3x |
| Mon, 29 Apr 2024 | CA$173.1b | CA$53.1b | -CA$2,281,393,552.11 | 26.7x | -75.9x | 3.3x |
| Wed, 27 Mar 2024 | CA$177.1b | CA$52.3b | -CA$2,933,910,094.79 | 21.3x | -60.4x | 3.4x |
| Fri, 23 Feb 2024 | CA$166.2b | CA$51.3b | -CA$875,479,250.67 | 20.5x | -189.8x | 3.2x |
| Sun, 21 Jan 2024 | CA$167.0b | CA$52.1b | -CA$2,246,895,988.00 | 20.7x | -74.3x | 3.2x |
| Tue, 19 Dec 2023 | CA$160.4b | CA$52.1b | -CA$2,331,149,936.00 | 22.6x | -68.8x | 3.1x |
| Thu, 16 Nov 2023 | CA$150.1b | CA$52.7b | -CA$2,525,543,898.00 | 22.4x | -59.4x | 2.8x |
| Sat, 14 Oct 2023 | CA$141.2b | CA$51.3b | -CA$2,572,734,131.00 | 23.6x | -54.9x | 2.8x |
| Mon, 11 Sep 2023 | CA$144.5b | CA$51.3b | -CA$2,602,026,183.00 | 23.3x | -55.5x | 2.8x |
| Wed, 09 Aug 2023 | CA$142.7b | CA$50.1b | -CA$2,873,956,452.00 | 20.5x | -49.6x | 2.8x |
| Fri, 07 Jul 2023 | CA$142.5b | CA$49.1b | -CA$2,388,173,843.00 | 20.3x | -59.6x | 2.9x |
| Sun, 04 Jun 2023 | CA$144.2b | CA$48.9b | -CA$2,640,609,983.00 | 23.1x | -54.6x | 2.9x |
| Tue, 02 May 2023 | CA$139.5b | CA$48.2b | -CA$1,915,808,916.00 | 24.2x | -72.8x | 2.9x |
| Thu, 30 Mar 2023 | CA$131.3b | CA$46.5b | -CA$1,224,000,794.00 | 26.8x | -107.3x | 2.8x |
| Sat, 25 Feb 2023 | CA$132.3b | CA$48.0b | -CA$1,107,755,477.00 | 23.7x | -119.4x | 2.8x |
| Mon, 23 Jan 2023 | CA$130.3b | CA$46.3b | CA$640.3m | 24.1x | 203.5x | 2.8x |
| Wed, 21 Dec 2022 | CA$120.5b | CA$46.7b | CA$733.7m | 21.2x | 164.2x | 2.6x |
Price to Earnings Ratio
164.2x
Current Industry PE
- Investors are optimistic on the Canadian Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 75.0x which is higher than its 3-year average PE of -116x.
- The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 55% per year over the last three years.
- Revenues for these companies have grown 8.8% 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 sector?
| CA Market | 0.76% | |
| Tech | -2.79% | |
| Communications | 7.55% | |
| Tech Hardware | 0% | 0 |
| Software | -1.69% | |
| IT | -2.26% | |
| Electronic Equipment and Components | -5.65% | |
| Semiconductors | -17.86% | |
Industry PE
- Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 155x.
- Analysts are expecting annual earnings growth of 27.6%, which is higher than its past year's earnings growth of 12.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the IT industry is expected to see its earnings grow by 9.4% 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$4.64 | 66.9% +CA$124.9m | -78.9% | PS0.7x | |
| ET Evertz Technologies | CA$14.57 | 10.0% +CA$99.6m | 19.3% | PE17.1x | |
| LSPD Lightspeed Commerce | CA$16.71 | 4.2% +CA$91.1m | -27.7% | PS1.4x | |
| PNG Kraken Robotics | CA$6.13 | 2.2% +CA$39.8m | 127.0% | PE114x | |
| GRID Tantalus Systems Holding | CA$5.04 | 18.0% +CA$39.6m | 180.0% | PS3.6x |
