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Canadian (TSX) Tech Sector Analysis

UpdatedJun 08, 2025
DataAggregated Company Financials
Companies108
  • 7D-1.0%
  • 3M6.5%
  • 1Y25.7%
  • YTD5.5%

Over the last 7 days, the Tech industry has remained flat, although notably Celestica gained 4.2%. As for the the longer term, the industry is up 26% over the past 12 months. Looking forward, earnings are forecast to grow by 22% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Jun 2025CA$219.6bCA$55.7bCA$2.4b32.9x91.3x3.9x
Tue, 06 May 2025CA$215.1bCA$55.5bCA$3.1b26.7x69.1x3.9x
Thu, 03 Apr 2025CA$201.7bCA$58.5bCA$2.5b24.6x80.4x3.4x
Sat, 01 Mar 2025CA$219.1bCA$58.3b-CA$289,160,232.6925.5x-757.7x3.8x
Mon, 27 Jan 2025CA$219.0bCA$57.1b-CA$433,871,228.8223.2x-504.8x3.8x
Wed, 25 Dec 2024CA$211.7bCA$57.2b-CA$448,101,285.0026.8x-472.5x3.7x
Fri, 22 Nov 2024CA$205.5bCA$56.1b-CA$373,997,936.0924.8x-549.4x3.7x
Sun, 20 Oct 2024CA$196.7bCA$54.2b-CA$578,076,351.7124.5x-340.3x3.6x
Tue, 17 Sep 2024CA$189.3bCA$53.7b-CA$616,678,306.9622.8x-306.9x3.5x
Thu, 15 Aug 2024CA$183.0bCA$54.0b-CA$604,055,934.6422.1x-302.9x3.4x
Sat, 13 Jul 2024CA$184.6bCA$52.3b-CA$1,386,277,396.5531.4x-133.1x3.5x
Mon, 10 Jun 2024CA$176.3bCA$52.8b-CA$1,431,754,539.8726.7x-123.1x3.3x
Wed, 08 May 2024CA$176.4bCA$53.1b-CA$1,561,179,088.9724.4x-113x3.3x
Fri, 05 Apr 2024CA$174.4bCA$52.3b-CA$2,338,773,644.0122.8x-74.6x3.3x
Sun, 03 Mar 2024CA$175.5bCA$51.5b-CA$876,631,685.4220.2x-200.3x3.4x
Tue, 30 Jan 2024CA$169.7bCA$52.0b-CA$2,238,496,009.0020.6x-75.8x3.3x
Thu, 28 Dec 2023CA$160.8bCA$51.7b-CA$2,292,589,766.0020.9x-70.2x3.1x
Sat, 25 Nov 2023CA$153.6bCA$52.5b-CA$2,463,812,626.0022.6x-62.3x2.9x
Mon, 23 Oct 2023CA$140.5bCA$51.4b-CA$2,581,319,038.0022.4x-54.4x2.7x
Wed, 20 Sep 2023CA$143.8bCA$50.9b-CA$2,629,532,720.0024.3x-54.7x2.8x
Fri, 18 Aug 2023CA$142.5bCA$51.1b-CA$2,659,095,381.0021.3x-53.6x2.8x
Sun, 16 Jul 2023CA$145.1bCA$48.8b-CA$2,347,699,650.0021.6x-61.8x3x
Tue, 13 Jun 2023CA$143.2bCA$48.8b-CA$2,643,670,054.0022.1x-54.2x2.9x
Thu, 11 May 2023CA$139.3bCA$48.0b-CA$1,993,565,266.0022.1x-69.9x2.9x
Sat, 08 Apr 2023CA$135.2bCA$47.0b-CA$1,971,089,065.0027x-68.6x2.9x
Mon, 06 Mar 2023CA$134.4bCA$48.0b-CA$1,107,702,963.0025.4x-121.4x2.8x
Wed, 01 Feb 2023CA$132.0bCA$46.9bCA$675.2m23x195.6x2.8x
Fri, 30 Dec 2022CA$121.0bCA$46.6bCA$629.2m21.6x192.3x2.6x
Sun, 27 Nov 2022CA$120.7bCA$46.2bCA$762.5m22x158.3x2.6x
Tue, 25 Oct 2022CA$114.0bCA$44.7bCA$926.7m31.7x123x2.5x
Thu, 22 Sep 2022CA$114.6bCA$44.2bCA$927.7m40.3x123.5x2.6x
Sat, 20 Aug 2022CA$125.5bCA$43.3bCA$951.7m44.8x131.9x2.9x
Mon, 18 Jul 2022CA$116.4bCA$41.4bCA$1.7b45.3x66.6x2.8x
Wed, 15 Jun 2022CA$112.8bCA$41.1bCA$1.5b51.4x75.7x2.7x
Price to Earnings Ratio

75.7x


Total Market Cap: CA$112.8bTotal Earnings: CA$1.5bTotal Revenue: CA$41.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Tech Sector Price to Earnings3Y Average -111.3x202320242025
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 91.3x which is higher than its 3-year average PE of -111x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 17% per year over the last three years.
  • Revenues for these companies have grown 11% 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 Market0.89%
Tech-0.96%
Electronic Equipment and Components4.56%
Communications0.81%
IT0.16%
Tech Hardware0%0
Software-1.87%
Semiconductors-2.66%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 12.9x.
    • Analysts expect its future annual earnings growth (24.5%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 84% over the next 5 years.
  • In contrast, the IT industry is expected to see its earnings grow by 9.0% 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$165.524.2%
+CA$758.9m		130.3%PE32.9x
LSPD Lightspeed CommerceCA$15.759.8%
+CA$192.3m		-22.3%PS1.5x
BB BlackBerryCA$5.664.0%
+CA$131.4m		53.4%PS4.6x
PNG Kraken RoboticsCA$2.8619.2%
+CA$120.9m		194.8%PE39.4x
KXS KinaxisCA$198.111.4%
+CA$92.8m		34.4%PE419.2x
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PNG

CA$2.86

Kraken Robotics

7D

19.2%

1Y

194.8%

ENGH

CA$23.87

Enghouse Systems

7D

-9.5%

1Y

-17.7%

BITF

CA$1.22

Bitfarms

7D

-3.2%

1Y

-63.0%

DSG

CA$140.10

Descartes Systems Group

7D

-12.0%

1Y

11.7%

KXS

CA$198.11

Kinaxis

7D

1.4%

1Y

34.4%

TCS

CA$40.35

Tecsys

7D

-5.7%

1Y

21.2%

BTQ

CA$4.25

BTQ Technologies

7D

10.4%

1Y

989.7%

CSU

CA$4,911.09

Constellation Software

7D

-1.3%

1Y

27.8%

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NDA

CA$1.47

Neptune Digital Assets

7D

-11.4%

1Y

374.2%

BB

CA$5.66

BlackBerry

7D

4.0%

1Y

53.4%

TOI

CA$174.04

Topicus.com

7D

-3.0%

1Y

56.2%

Is Topicus.com (CVE:TOI) A Risky Investment?

May 29
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CLS

CA$165.52

Celestica

7D

4.2%

1Y

130.3%

Is Now The Time To Put Celestica (TSE:CLS) On Your Watchlist?

May 27
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LSPD

CA$15.75

Lightspeed Commerce

7D

9.8%

1Y

-22.3%

CVO

CA$7.51

Coveo Solutions

7D

8.1%

1Y

0.1%

LMN

CA$46.16

Lumine Group

7D

-0.6%

1Y

21.6%

ACT

CA$13.49

Aduro Clean Technologies

7D

18.8%

1Y

219.3%