$CSU.TO, the stock of Constellation Software Inc., has experienced a decline of 13% from its peak, leading to concerns among investors. Analysts at RBC have noted that if $207 million in capital is deployed in the fourth quarter, revenue growth is expected to slow from 22% in the first half of fiscal year 2024 to 17% in the second half and further to 13% in the first half of fiscal year 2025. Despite this slowdown, the projected growth remains within the historical range of Constellation's performance, which averages 22% over the past decade. The stock is currently trading at approximately 20.9 times next twelve months (NTM) EV/EBITDA, close to its ten-year median of 19.5 times. Comparatively, $LMN.V is at 27.7 times NTM EV/EBITDA, while $TOI.V is at 17.1 times. Market sentiment has been affected by increased competition, lower returns on larger deals, and a narrative involving artificial intelligence, compounded by seasonal rebalancing and low liquidity.