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Canadian (TSX) Tech Sector Analysis

UpdatedMay 17, 2026
DataAggregated Company Financials
Companies118
  • 7D-2.7%
  • 3M12.7%
  • 1Y-20.0%
  • YTD-9.0%

Over the last 7 days, the Tech industry has dropped 2.8%, driven by a pullback from Celestica of 3.7%. Overall the industry is down 18% in 12 months. As for the next few years, earnings are expected to grow by 23% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 May 2026CA$183.1bCA$65.2bCA$3.0b32.3x61.8x2.8x
Tue, 14 Apr 2026CA$175.9bCA$62.7bCA$2.5b34.9x69.4x2.8x
Thu, 12 Mar 2026CA$176.6bCA$62.3bCA$2.6b36.7x68.7x2.8x
Sat, 07 Feb 2026CA$168.7bCA$61.7bCA$2.9b26.1x57.8x2.7x
Mon, 05 Jan 2026CA$200.2bCA$60.1bCA$2.7b24.3x74.1x3.3x
Wed, 03 Dec 2025CA$204.4bCA$60.8bCA$2.7b27.1x75x3.4x
Fri, 31 Oct 2025CA$216.8bCA$59.5bCA$2.9b39.3x74.4x3.6x
Sun, 28 Sep 2025CA$205.9bCA$58.4bCA$2.7b38.8x77.1x3.5x
Tue, 26 Aug 2025CA$222.7bCA$58.2bCA$2.6b41.1x85.7x3.8x
Thu, 24 Jul 2025CA$227.1bCA$55.5bCA$2.4b44.5x94.7x4.1x
Sat, 21 Jun 2025CA$220.0bCA$55.9bCA$2.4b33.7x91.1x3.9x
Mon, 19 May 2025CA$225.2bCA$56.4bCA$3.2b29.4x70.3x4x
Wed, 16 Apr 2025CA$199.3bCA$57.6bCA$2.5b24.9x79.6x3.5x
Fri, 14 Mar 2025CA$208.2bCA$58.9bCA$2.2b22.4x95.5x3.5x
Sun, 09 Feb 2025CA$228.9bCA$57.7b-CA$288,023,684.4121.8x-794.6x4x
Tue, 07 Jan 2025CA$210.4bCA$57.1b-CA$437,802,149.9524.9x-480.6x3.7x
Thu, 05 Dec 2024CA$212.6bCA$56.4b-CA$371,760,852.7625x-572x3.8x
Sat, 02 Nov 2024CA$190.6bCA$55.2b-CA$578,166,086.7523.1x-329.6x3.4x
Mon, 30 Sep 2024CA$191.1bCA$53.5b-CA$541,836,049.9722.1x-352.8x3.6x
Wed, 28 Aug 2024CA$189.6bCA$53.4b-CA$597,910,154.2823.5x-317.1x3.6x
Fri, 26 Jul 2024CA$190.5bCA$53.4b-CA$1,372,194,916.3231.2x-138.9x3.6x
Sun, 23 Jun 2024CA$174.9bCA$52.6b-CA$1,383,323,604.1624.8x-126.5x3.3x
Tue, 21 May 2024CA$175.4bCA$52.4b-CA$1,457,303,752.0530.2x-120.3x3.3x
Thu, 18 Apr 2024CA$175.4bCA$52.8b-CA$2,411,271,065.8022x-72.8x3.3x
Sat, 16 Mar 2024CA$173.0bCA$52.2b-CA$2,936,027,742.6921.3x-58.9x3.3x
Mon, 12 Feb 2024CA$168.3bCA$51.2b-CA$993,982,923.3118.8x-169.3x3.3x
Wed, 10 Jan 2024CA$160.4bCA$52.0b-CA$2,241,531,748.0021.8x-71.6x3.1x
Fri, 08 Dec 2023CA$157.0bCA$52.6b-CA$2,511,605,680.0021.6x-62.5x3x
Sun, 05 Nov 2023CA$144.0bCA$51.8b-CA$2,713,954,616.0022.7x-53.1x2.8x
Tue, 03 Oct 2023CA$142.1bCA$51.3b-CA$2,576,764,974.0023.1x-55.2x2.8x
Thu, 31 Aug 2023CA$146.9bCA$51.1b-CA$2,653,965,176.0024.2x-55.3x2.9x
Sat, 29 Jul 2023CA$142.4bCA$49.4b-CA$2,450,826,241.0019.8x-58.1x2.9x
Mon, 26 Jun 2023CA$139.3bCA$48.5b-CA$2,606,482,614.0020.5x-53.4x2.9x
Wed, 24 May 2023CA$138.7bCA$48.9b-CA$2,757,454,549.0022.9x-50.3x2.8x
Price to Earnings Ratio

-50.3x


Total Market Cap: CA$138.7bTotal Earnings: -CA$2,757,454,549.00Total Revenue: CA$48.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Tech Sector Price to Earnings3Y Average -105.8x202420252026
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 62.4x which is higher than its 3-year average PE of -106x.
  • The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 2.8x.
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 10% 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-0.39%
Tech-2.69%
Communications0.99%
Semiconductors0.042%
Tech Hardware0%0
Software-1.55%
Electronic Equipment and Components-3.42%
IT-6.80%
Industry PE
  • Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 143x.
    • Analysts are expecting annual earnings growth of 19.2%, which is higher than its past year's earnings growth of 0.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 25% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings decline by 16% 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$2.61k1.6%
+CA$863.1m		-48.4%PE54.2x
PNG Kraken RoboticsCA$7.284.6%
+CA$98.3m		199.6%PE781.9x
QTRH QuarterhillCA$1.8020.8%
+CA$37.2m		17.6%PS1x
YAI Yocale.AiCA$0.80220.0%
+CA$34.0m		n/an/a
TOI Topicus.comCA$93.930.4%
+CA$32.5m		-46.9%PE157.2x

Latest News

CSU
CA$2,612.34
Constellation Software
7D
1.6%
1Y
-48.4%
QTRH
CA$1.80
Quarterhill
7D
20.8%
1Y
17.6%
XNDU
CA$18.78
Xanadu Quantum Technologies
7D
-12.7%
1Y
n/a
ABXX
CA$54.00
Abaxx Technologies
7D
0.3%
1Y
386.5%
ACT
CA$18.92
Aduro Clean Technologies
7D
2.7%
1Y
109.3%
DCBO
CA$23.75
Docebo
7D
-18.3%
1Y
-36.4%
Narrative Update • May 15

DCBO: Strong Bookings And New Platform Are Expected To Reward Patience

Analysts have trimmed their average price target on Docebo to about CA$26 from roughly CA$31. This reflects updated assumptions for slightly slower revenue growth, lower profit margins, a higher discount rate, and a reduced future P/E multiple, even as they highlight mixed signals around near term subscription trends and recent gross bookings strength.
CLS
CA$494.83
Celestica
7D
-3.7%
1Y
212.5%
LSPD
CA$12.18
Lightspeed Commerce
7D
-9.8%
1Y
-19.6%
GIB.A
CA$86.98
CGI
7D
-6.8%
1Y
-42.5%
TOI
CA$93.93
Topicus.com
7D
0.4%
1Y
-46.9%
BB
CA$8.50
BlackBerry
7D
-3.4%
1Y
54.3%
PNG
CA$7.28
Kraken Robotics
7D
4.6%
1Y
199.6%
KXS
CA$138.89
Kinaxis
7D
-12.5%
1Y
-29.8%
DSG
CA$93.16
Descartes Systems Group
7D
-5.8%
1Y
-41.3%
ET
CA$16.52
Evertz Technologies
7D
1.3%
1Y
38.0%
Narrative Update • May 02

ET: CA$17 Band And Steady Dividends Will Shape Forward Expectations

Analysts have lifted Evertz Technologies' average price target into a CA$16 to CA$17.50 range, citing refreshed research that keeps fair value essentially unchanged while fine tuning growth, margin and future P/E assumptions. Analyst Commentary Recent Street research on Evertz Technologies clusters around a tighter valuation band, with several firms revising price targets into the CA$16 to CA$17.50 range.