Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Tech Sector Analysis

UpdatedJul 14, 2026
DataAggregated Company Financials
Companies121
  • 7D-0.3%
  • 3M2.5%
  • 1Y-15.3%
  • YTD-3.5%

Over the last 7 days, the Tech industry has remained flat, although notably Constellation Software gained 3.6%. Unfortunately though, the industry is down 15% over the past 12 months. As for the next few years, earnings are expected to grow by 22% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Jul 2026CA$194.8bCA$66.5bCA$3.7b22.8x52x2.9x
Thu, 11 Jun 2026CA$200.3bCA$65.8bCA$3.8b23.5x52.9x3x
Sat, 09 May 2026CA$191.3bCA$64.7bCA$2.7b32.4x71.9x3x
Mon, 06 Apr 2026CA$169.9bCA$63.1bCA$2.5b35.6x67.7x2.7x
Wed, 04 Mar 2026CA$164.9bCA$61.9bCA$2.7b35.5x60.1x2.7x
Fri, 30 Jan 2026CA$187.4bCA$61.2bCA$2.9b27.3x65x3.1x
Sun, 28 Dec 2025CA$204.9bCA$59.9bCA$2.7b22.8x75.8x3.4x
Tue, 25 Nov 2025CA$198.3bCA$61.1bCA$2.7b22.3x72.6x3.2x
Thu, 23 Oct 2025CA$212.8bCA$58.5bCA$2.7b38.8x79.9x3.6x
Sat, 20 Sep 2025CA$225.7bCA$58.0bCA$2.7b39.6x84.5x3.9x
Mon, 18 Aug 2025CA$217.7bCA$58.0bCA$2.6b42.1x83.9x3.8x
Wed, 16 Jul 2025CA$228.9bCA$55.8bCA$2.4b38.9x95.2x4.1x
Fri, 13 Jun 2025CA$220.4bCA$55.5bCA$2.4b35.3x91.7x4x
Sun, 11 May 2025CA$219.7bCA$55.8bCA$3.2b26.5x68.1x3.9x
Tue, 08 Apr 2025CA$189.9bCA$58.2bCA$2.5b21.7x75.4x3.3x
Thu, 06 Mar 2025CA$211.4bCA$58.1b-CA$248,657,227.5423.6x-850.2x3.6x
Sat, 01 Feb 2025CA$223.8bCA$58.3b-CA$338,669,817.5822.1x-660.9x3.8x
Mon, 30 Dec 2024CA$210.8bCA$57.3b-CA$446,473,467.7725.5x-472.2x3.7x
Wed, 27 Nov 2024CA$209.3bCA$56.3b-CA$383,074,888.0126.7x-546.3x3.7x
Fri, 25 Oct 2024CA$193.1bCA$54.9b-CA$568,168,252.9924.1x-339.8x3.5x
Sun, 22 Sep 2024CA$191.5bCA$53.6b-CA$580,473,685.6123x-330x3.6x
Tue, 20 Aug 2024CA$188.1bCA$53.8b-CA$590,310,885.7622.1x-318.6x3.5x
Thu, 18 Jul 2024CA$190.5bCA$52.4b-CA$1,404,932,417.5732.2x-135.6x3.6x
Sat, 15 Jun 2024CA$175.8bCA$52.7b-CA$1,391,175,777.0528.1x-126.4x3.3x
Mon, 13 May 2024CA$174.0bCA$52.4b-CA$1,568,450,704.0327.7x-110.9x3.3x
Wed, 10 Apr 2024CA$175.3bCA$52.4b-CA$2,344,148,755.9921.1x-74.8x3.3x
Fri, 08 Mar 2024CA$176.1bCA$52.1b-CA$2,867,027,467.7822.1x-61.4x3.4x
Sun, 04 Feb 2024CA$174.6bCA$52.4b-CA$2,180,113,557.0019.7x-80.1x3.3x
Tue, 02 Jan 2024CA$159.4bCA$51.8b-CA$2,295,861,082.0020.4x-69.4x3.1x
Thu, 30 Nov 2023CA$154.1bCA$52.5b-CA$2,417,539,846.0022.7x-63.8x2.9x
Sat, 28 Oct 2023CA$135.7bCA$51.9b-CA$2,571,470,178.0021.7x-52.8x2.6x
Mon, 25 Sep 2023CA$140.2bCA$51.0b-CA$2,637,799,261.0024.1x-53.1x2.7x
Wed, 23 Aug 2023CA$142.0bCA$51.2b-CA$2,665,176,910.0023.7x-53.3x2.8x
Fri, 21 Jul 2023CA$146.1bCA$48.7b-CA$2,515,356,767.0021.3x-58.1x3x
Price to Earnings Ratio

-58.1x


Total Market Cap: CA$146.1bTotal Earnings: -CA$2,515,356,767.00Total Revenue: CA$48.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Tech Sector Price to Earnings3Y Average -93.3x202420252026
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 52.0x which is higher than its 3-year average PE of -93.3x.
  • The 3-year average PS ratio of 3.4x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • Total earnings for the Information Technology industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 11% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Tech sector?

CA Market-0.069%
Tech-0.27%
IT1.75%
Software0.54%
Tech Hardware0%0
Communications-1.63%
Electronic Equipment and Components-2.03%
Semiconductors-12.98%
Industry PE
  • Investors are most optimistic about the Software industry even though it's trading below its 3-year average PE ratio of 156x.
    • Analysts are expecting annual earnings growth of 19.9%, which is higher than its past year's earnings decline of 5.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Semiconductors industry is expected to see its earnings decline 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?

CompanyLast Price7D1YValuation
CSU Constellation SoftwareCA$2.86k3.6%
+CA$2.1b		-42.4%PE57.5x
PNG Kraken RoboticsCA$6.7010.4%
+CA$193.7m		98.8%PS19.1x
AIBZ.U Bitzero HoldingsUS$7.7910.5%
+US$40.8m		n/aPS16.1x
TOI Topicus.comCA$92.300.7%
+CA$50.1m		-48.0%PE153.6x
TINY TinyCA$6.2324.6%
+CA$36.0m		-18.0%PS0.9x

Latest News

XNDU
CA$14.85
Xanadu Quantum Technologies
7D
-11.8%
1Y
n/a
KXS
CA$154.36
Kinaxis
7D
-1.8%
1Y
-21.7%
BB
CA$15.17
BlackBerry
7D
-5.8%
1Y
174.8%
BTQ
CA$4.80
BTQ Technologies
7D
-19.2%
1Y
-42.0%
GIB.A
CA$92.16
CGI
7D
-3.7%
1Y
-33.0%
CSU
CA$2,855.53
Constellation Software
7D
3.6%
1Y
-42.4%
Narrative Update • Jul 10

CSU: Raised Outlook And Acquisitions Will Support Long-Term Earnings Power

Analysts have trimmed their consolidated price target for Constellation Software to about CA$4,008 from roughly CA$4,211. The change reflects updated models that factor in higher expense levels and hardware cost pressures, despite mixed target moves across firms.
PNG
CA$6.70
Kraken Robotics
7D
10.4%
1Y
98.8%
New Narrative • Jul 09

Defense Reliance And Integration Risks Will Challenge Long Term Earnings Outlook

Catalysts About Kraken Robotics Kraken Robotics is a marine technology company that supplies subsea batteries, sonar systems and survey services to defense and offshore energy customers. What are the underlying business or industry changes driving this perspective?
TCS
CA$33.96
Tecsys
7D
6.5%
1Y
-10.0%
New Narrative • Jul 08

Elite Hospital Networks And AI Supply Chain Automation Will Drive Stronger Long Term Prospects

Catalysts About Tecsys Tecsys provides supply chain management software with a concentration in health care and complex distribution. What are the underlying business or industry changes driving this perspective?
CLS
CA$485.06
Celestica
7D
-1.1%
1Y
120.3%
DCBO
CA$27.02
Docebo
7D
4.0%
1Y
-32.0%
DSG
CA$100.94
Descartes Systems Group
7D
-1.4%
1Y
-28.1%
ACT
CA$22.61
Aduro Clean Technologies
7D
3.9%
1Y
33.4%
QNC
CA$3.46
Quantum eMotion
7D
-12.8%
1Y
119.0%
TINY
CA$6.23
Tiny
7D
24.6%
1Y
-18.0%
AIBZ.U
US$7.79
Bitzero Holdings
7D
10.5%
1Y
n/a
Analysis Article • Jun 18

Bitzero Holdings (CNSX:AIBZ.U) Stock Looks Rich After Norway Data Center Lease And Nasdaq Debut

Bitzero Holdings (CNSX:AIBZ.U) is drawing fresh attention after updating investors on construction progress at its 110 MW Norway data center campus, alongside a new 15 year lease agreement with OneQode Networks. See our latest analysis for Bitzero Holdings. Bitzero Holdings has seen sharp momentum build, with a 1 day share price return of 13.91% and a 90 day share price return of 273.91% as Nasdaq listing, board changes, and data center progress attract fresh attention. The latest share price...
TOI
CA$92.30
Topicus.com
7D
0.7%
1Y
-48.0%