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Canadian (TSX) Market Analysis & Valuation

UpdatedFeb 03, 2023
DataAggregated Company Financials
Companies2777
  • 7D-0.1%
  • 3M5.1%
  • 1Y-3.4%
  • YTD6.0%

The Healthcare sector gained 3.7% while the market remained flat over the last week. The past year hasn't been profitable, with the market dropping 3.4%. Looking forward, earnings are forecast to grow by 5.6% annually.

Market Valuation and Performance

Has the Canadian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Feb 2023CA$3.4tCA$2.1tCA$247.1b11.2x13.8x1.6x
Sun, 01 Jan 2023CA$3.2tCA$2.1tCA$246.5b10.6x13.1x1.6x
Tue, 29 Nov 2022CA$3.3tCA$2.1tCA$239.6b10.6x13.9x1.6x
Thu, 27 Oct 2022CA$3.2tCA$2.0tCA$236.0b10x13.4x1.6x
Sat, 24 Sep 2022CA$3.1tCA$2.1tCA$240.4b9.5x13x1.5x
Mon, 22 Aug 2022CA$3.4tCA$2.0tCA$237.1b10.5x14.1x1.7x
Wed, 20 Jul 2022CA$3.1tCA$2.0tCA$231.4b10x13.3x1.6x
Fri, 17 Jun 2022CA$3.2tCA$2.0tCA$231.4b10.7x13.8x1.6x
Sun, 15 May 2022CA$3.4tCA$1.9tCA$227.4b11.4x14.8x1.7x
Tue, 12 Apr 2022CA$3.7tCA$1.9tCA$212.3b12.8x17.2x2x
Thu, 10 Mar 2022CA$3.6tCA$1.9tCA$214.1b13x16.9x1.9x
Sat, 05 Feb 2022CA$3.5tCA$1.8tCA$195.2b13.1x18.1x2x
Mon, 03 Jan 2022CA$3.5tCA$1.8tCA$188.9b12.7x18.4x2x
Wed, 01 Dec 2021CA$3.4tCA$1.8tCA$189.2b12.2x18.2x1.9x
Fri, 29 Oct 2021CA$3.4tCA$1.7tCA$169.9b13.6x20.3x2.1x
Sun, 26 Sep 2021CA$3.3tCA$1.7tCA$168.6b12.6x19.7x2x
Tue, 24 Aug 2021CA$3.3tCA$1.7tCA$167.5b12.8x19.6x2x
Wed, 30 Jun 2021CA$3.2tCA$1.7tCA$161.3b13.3x20.1x2x
Sat, 03 Apr 2021CA$3.0tCA$1.6tCA$115.8b14.8x25.9x1.9x
Tue, 05 Jan 2021CA$2.7tCA$1.6tCA$57.4b14.9x47.4x1.7x
Fri, 09 Oct 2020CA$2.4tCA$1.6tCA$49.0b15.2x49.7x1.6x
Thu, 02 Jul 2020CA$2.3tCA$1.6tCA$59.7b15.1x38.3x1.4x
Sun, 05 Apr 2020CA$2.0tCA$1.6tCA$97.7b11.2x20.6x1.2x
Price to Earnings Ratio

18.1x


Total Market Cap: CA$2.6tTotal Earnings: CA$144.6bTotal Revenue: CA$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 25.2x202120222023
Current Market PE
  • Investors are pessimistic on the Canadian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.8x which is lower than its 3-year average PE of 25.2x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 20% per year over the last three years.
  • Revenues for these companies have grown 7.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market-0.10%
Healthcare3.70%
Tech2.87%
Industrials2.23%
Real Estate2.18%
Consumer Discretionary1.74%
Financials1.29%
Materials0.20%
Telecom-0.22%
Utilities-0.41%
Consumer Staples-2.48%
Energy-4.78%
Sector PE
  • Investors are most optimistic about the Tech sector which is trading above its 3-year average PE ratio of 135x.
    • This optimism is likely because analysts are expecting annual earnings growth of 14.5%, which is higher than its past year's earnings growth of 4.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 59% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 3.3% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
BNS Bank of Nova ScotiaCA$73.393.4%
+CA$2.9b
-21.4%PB1.2xFinancials
NTR NutrienCA$112.454.5%
+CA$2.5b
21.7%PE5.7xMaterials
RY Royal Bank of CanadaCA$136.391.3%
+CA$2.4b
-7.1%PB1.9xFinancials
CP Canadian Pacific RailwayCA$105.582.4%
+CA$2.3b
17.2%PE27.9xIndustrials
TRI Thomson ReutersCA$161.302.6%
+CA$2.0b
19.9%PE56.4xIndustrials
See more
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Market Insights

The US market experienced gains galore in the second half of the week after the Fed raised rates for the 8th time since March last year...

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IMO

CA$67.79

Imperial Oil

7D

-6.7%

1Y

23.7%

TRP

CA$55.61

TC Energy

7D

-3.6%

1Y

-13.8%

CP

CA$105.58

Canadian Pacific Railway

7D

2.4%

1Y

17.2%

CNQ

CA$77.03

Canadian Natural Resources

7D

-6.9%

1Y

12.8%

CVE

CA$24.50

Cenovus Energy

7D

-9.8%

1Y

24.2%

TRI

CA$161.30

Thomson Reuters

7D

2.6%

1Y

19.9%

FM

CA$28.60

First Quantum Minerals

7D

-7.3%

1Y

-13.0%

L

CA$114.92

Loblaw Companies

7D

-5.0%

1Y

13.4%

RY

CA$136.39

Royal Bank of Canada

7D

1.3%

1Y

-7.1%

CM

CA$61.46

Canadian Imperial Bank of Commerce

7D

3.3%

1Y

-25.0%

SU

CA$43.91

Suncor Energy

7D

-4.7%

1Y

19.8%

BNS

CA$73.39

Bank of Nova Scotia

7D

3.4%

1Y

-21.4%