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Canadian (TSX) Tech Sector Analysis

UpdatedAug 27, 2025
DataAggregated Company Financials
Companies113
  • 7D2.1%
  • 3M-1.0%
  • 1Y16.4%
  • YTD4.9%

Over the last 7 days, the Tech industry has risen 1.1%, driven by gains from Constellation Software of 1.7%. This takes the industry's 12 month performance to a gain of 17%. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

Has the Canadian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Aug 2025CA$220.8bCA$58.1bCA$2.6b37.8x85x3.8x
Fri, 25 Jul 2025CA$229.3bCA$55.7bCA$2.4b44.7x95.6x4.1x
Sun, 22 Jun 2025CA$220.0bCA$55.9bCA$2.4b33.7x91.1x3.9x
Tue, 20 May 2025CA$225.2bCA$56.4bCA$3.2b29.4x70.3x4x
Thu, 17 Apr 2025CA$202.5bCA$57.3bCA$2.5b25x80.8x3.5x
Sat, 15 Mar 2025CA$202.6bCA$58.7bCA$2.2b23.1x93.6x3.5x
Mon, 10 Feb 2025CA$228.9bCA$57.7b-CA$288,023,684.4121.8x-794.6x4x
Wed, 08 Jan 2025CA$207.0bCA$57.1b-CA$441,310,954.0224.4x-469x3.6x
Fri, 06 Dec 2024CA$215.2bCA$56.3b-CA$365,778,029.0424.9x-588.3x3.8x
Sun, 03 Nov 2024CA$194.0bCA$55.3b-CA$302,779,037.3023.1x-640.6x3.5x
Tue, 01 Oct 2024CA$192.4bCA$53.5b-CA$542,949,708.7822.8x-354.4x3.6x
Thu, 29 Aug 2024CA$189.1bCA$53.5b-CA$602,622,290.8723.5x-313.9x3.5x
Sat, 27 Jul 2024CA$191.7bCA$53.4b-CA$1,373,278,813.6131.8x-139.6x3.6x
Mon, 24 Jun 2024CA$174.9bCA$52.6b-CA$1,383,323,604.1624.8x-126.5x3.3x
Wed, 22 May 2024CA$175.5bCA$52.5b-CA$1,464,428,476.2627.8x-119.8x3.3x
Fri, 19 Apr 2024CA$174.9bCA$52.8b-CA$2,417,975,119.7823.2x-72.3x3.3x
Sun, 17 Mar 2024CA$172.6bCA$52.2b-CA$2,936,103,273.8021.3x-58.8x3.3x
Tue, 13 Feb 2024CA$166.8bCA$51.2b-CA$992,791,736.4618.8x-168.1x3.3x
Thu, 11 Jan 2024CA$160.4bCA$52.0b-CA$2,236,921,216.0021.7x-71.7x3.1x
Sat, 09 Dec 2023CA$157.8bCA$52.6b-CA$2,509,754,573.0022.1x-62.9x3x
Mon, 06 Nov 2023CA$144.0bCA$51.8b-CA$2,713,954,616.0022.7x-53.1x2.8x
Wed, 04 Oct 2023CA$141.2bCA$51.3b-CA$2,576,783,152.0023.1x-54.8x2.8x
Fri, 01 Sep 2023CA$147.0bCA$51.0b-CA$2,649,341,094.0024.2x-55.5x2.9x
Sun, 30 Jul 2023CA$142.4bCA$49.4b-CA$2,450,826,401.0019.8x-58.1x2.9x
Tue, 27 Jun 2023CA$138.7bCA$48.4b-CA$2,597,202,377.0020.5x-53.4x2.9x
Thu, 25 May 2023CA$138.1bCA$49.1b-CA$2,779,446,200.0023.1x-49.7x2.8x
Sat, 22 Apr 2023CA$137.7bCA$47.4b-CA$1,929,966,481.0023.3x-71.3x2.9x
Mon, 20 Mar 2023CA$126.3bCA$46.8b-CA$1,181,158,737.0022.5x-106.9x2.7x
Wed, 15 Feb 2023CA$135.9bCA$47.5b-CA$890,133,888.0024.5x-152.7x2.9x
Fri, 13 Jan 2023CA$127.0bCA$46.3bCA$629.0m23.4x201.9x2.7x
Sun, 11 Dec 2022CA$121.1bCA$46.8bCA$733.3m21.6x165.1x2.6x
Tue, 08 Nov 2022CA$111.8bCA$45.7bCA$914.0m27.3x122.3x2.4x
Thu, 06 Oct 2022CA$118.4bCA$44.6bCA$920.0m32.2x128.7x2.7x
Sat, 03 Sep 2022CA$116.8bCA$43.6bCA$935.8m44.9x124.9x2.7x
Price to Earnings Ratio

124.9x


Total Market Cap: CA$116.8bTotal Earnings: CA$935.8mTotal Revenue: CA$43.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Tech Sector Price to Earnings3Y Average -110.4x202320242025
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 85.7x which is higher than its 3-year average PE of -110x.
  • The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 40% per year over the last three years.
  • Revenues for these companies have grown 10.0% 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 Market1.91%
Tech2.06%
Semiconductors7.76%
Electronic Equipment and Components7.06%
Software1.50%
Communications0.36%
Tech Hardware0%0
IT-0.34%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 69.7x.
    • Analysts are expecting annual earnings growth of 20.4%, which is lower than the prior year's growth of 25.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 78% over the next 5 years.
  • In contrast, the IT industry is expected to see its earnings grow by 9.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CLS CelesticaCA$274.737.3%
+CA$2.1b		305.7%PE42.4x
CSU Constellation SoftwareCA$4.39k1.4%
+CA$1.2b		2.4%PE105x
TOI Topicus.comCA$175.906.0%
+CA$830.1m		37.4%PE71.4x
HIVE HIVE Digital TechnologiesCA$3.8917.5%
+CA$173.8m		-14.1%PE16.7x
QBTQ SuperQ Quantum ComputingCA$1.111.8%
+CA$143.9m		344.0%PB257.6x

Latest News

BTQ
CA$4.67
BTQ Technologies
7D
20.4%
1Y
1,253.6%
HIVE
CA$3.89
HIVE Digital Technologies
7D
17.5%
1Y
-14.1%
CMG
CA$6.11
Computer Modelling Group
7D
-3.0%
1Y
-50.2%
ALYA
CA$1.80
Alithya Group
7D
-7.2%
1Y
-4.3%
KXS
CA$190.03
Kinaxis
7D
-3.2%
1Y
21.2%
ISTK
CA$2.53
Intellistake Technologies
7D
37.5%
1Y
3,062.5%
TOI
CA$175.90
Topicus.com
7D
6.0%
1Y
37.4%

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Aug 15
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CSU
CA$4,393.00
Constellation Software
7D
1.4%
1Y
2.4%
DSG
CA$135.53
Descartes Systems Group
7D
-1.0%
1Y
-0.6%

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Aug 14
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DCBO
CA$41.98
Docebo
7D
-2.6%
1Y
-31.5%
GIB.A
CA$131.63
CGI
7D
-0.2%
1Y
-12.0%
CLS
CA$274.73
Celestica
7D
7.3%
1Y
305.7%
CLTE
CA$3.11
Clara Technologies
7D
-37.9%
1Y
518.9%
SIX
CA$0.11
Sixty Six Capital
7D
-40.5%
1Y
266.7%
QBTQ
CA$1.11
SuperQ Quantum Computing
7D
1.8%
1Y
344.0%
BB
CA$5.27
BlackBerry
7D
4.2%
1Y
68.4%