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Canadian (TSX) Market Analysis & Valuation

UpdatedJul 18, 2025
DataAggregated Company Financials
Companies2265
  • 7D0.8%
  • 3M12.7%
  • 1Y17.9%
  • YTD10.2%

In the last week, the market has been flat, with a notable exception in the Healthcare sector dropping 3.7%. More promisingly, the market is up 18% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 19 Jul 2025CA$4.3tCA$2.1tCA$191.9b16.1x22.6x2x
Mon, 16 Jun 2025CA$4.3tCA$2.1tCA$191.5b15.4x22.3x2x
Wed, 14 May 2025CA$4.0tCA$2.1tCA$176.8b14.4x22.7x1.9x
Fri, 11 Apr 2025CA$3.8tCA$2.1tCA$173.3b14.1x21.8x1.8x
Sun, 09 Mar 2025CA$3.9tCA$2.1tCA$173.5b14.9x22.7x1.8x
Tue, 04 Feb 2025CA$3.9tCA$2.1tCA$170.9b14.4x23.1x1.8x
Thu, 02 Jan 2025CA$3.9tCA$2.1tCA$169.1b14.2x22.9x1.8x
Sat, 30 Nov 2024CA$4.0tCA$2.1tCA$166.3b14.9x23.9x1.9x
Mon, 28 Oct 2024CA$3.9tCA$2.1tCA$167.7b15.3x23.3x1.8x
Wed, 25 Sep 2024CA$3.8tCA$2.1tCA$167.5b15.3x22.7x1.8x
Fri, 23 Aug 2024CA$3.7tCA$2.1tCA$169.8b14.7x21.8x1.8x
Sun, 21 Jul 2024CA$3.6tCA$2.1tCA$167.7b14x21.7x1.8x
Tue, 18 Jun 2024CA$3.5tCA$2.1tCA$167.4b14.1x20.8x1.7x
Thu, 16 May 2024CA$3.6tCA$2.0tCA$167.9b14.2x21.5x1.8x
Sat, 13 Apr 2024CA$3.6tCA$2.1tCA$174.6b14.1x20.4x1.7x
Mon, 11 Mar 2024CA$3.5tCA$2.1tCA$173.3b13.7x20.1x1.7x
Wed, 07 Feb 2024CA$3.4tCA$2.1tCA$172.8b13.1x19.5x1.6x
Fri, 05 Jan 2024CA$3.4tCA$2.1tCA$173.1b13x19.5x1.6x
Sun, 03 Dec 2023CA$3.3tCA$2.1tCA$173.3b12.3x18.9x1.6x
Tue, 31 Oct 2023CA$3.1tCA$2.1tCA$184.5b11.6x16.6x1.5x
Thu, 28 Sep 2023CA$3.2tCA$2.1tCA$184.3b11.4x17.2x1.5x
Sat, 26 Aug 2023CA$3.2tCA$2.1tCA$184.8b11.5x17.4x1.5x
Mon, 24 Jul 2023CA$3.3tCA$2.1tCA$200.2b11.7x16.6x1.6x
Wed, 21 Jun 2023CA$3.2tCA$2.1tCA$200.3b11.1x15.9x1.5x
Fri, 19 May 2023CA$3.3tCA$2.2tCA$206.4b11.2x15.9x1.5x
Sun, 16 Apr 2023CA$3.4tCA$2.1tCA$217.2b10.6x15.5x1.6x
Tue, 14 Mar 2023CA$3.2tCA$2.1tCA$220.3b10.6x14.6x1.5x
Thu, 09 Feb 2023CA$3.4tCA$2.1tCA$246.1b11.1x13.8x1.6x
Sat, 07 Jan 2023CA$3.3tCA$2.1tCA$245.5b10.6x13.3x1.6x
Mon, 05 Dec 2022CA$3.4tCA$2.1tCA$243.2b10.9x14x1.6x
Wed, 02 Nov 2022CA$3.2tCA$2.0tCA$235.4b10x13.7x1.6x
Fri, 30 Sep 2022CA$3.1tCA$2.1tCA$241.0b9.5x12.9x1.5x
Sun, 28 Aug 2022CA$3.3tCA$2.0tCA$236.0b10.6x14.1x1.7x
Tue, 26 Jul 2022CA$3.2tCA$2.0tCA$230.7b10.5x13.8x1.6x
Price to Earnings Ratio

13.8x


Total Market Cap: CA$3.2tTotal Earnings: CA$230.7bTotal Revenue: CA$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 18.7x202320242025
Current Market PE
  • Investors are optimistic on the Canadian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 22.6x which is higher than its 3-year average PE of 18.7x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 6.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market0.80%
Financials1.60%
Tech1.49%
Energy1.27%
Utilities1.07%
Consumer Discretionary0.72%
Consumer Staples0.66%
Real Estate0.64%
Industrials0.14%
Telecom0.13%
Materials-0.93%
Healthcare-3.67%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 19.8%, which is lower than the prior year's growth of 24.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 5.7% 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
BAM Brookfield Asset ManagementCA$84.529.3%
+CA$11.6b		48.6%PE43xFinancials
BN BrookfieldCA$93.677.2%
+CA$9.7b		47.9%PE233.6xFinancials
TRI Thomson ReutersCA$287.654.5%
+CA$5.5b		28.6%PE43.9xIndustrials
CCO CamecoCA$107.1210.7%
+CA$4.5b		68.2%PE187.5xEnergy
ATD Alimentation Couche-TardCA$74.006.2%
+CA$4.1b		-10.0%PE19.8xConsumer Staples
See more

Market Insights

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The tide is turning for UK & European markets. Index ETFs won’t cut it since sector spreads are massive. Picking the right companies matters now more than ever.
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BAM
CA$84.52
Brookfield Asset Management
7D
9.3%
1Y
48.6%
BN
CA$93.67
Brookfield
7D
7.2%
1Y
47.9%
NTR
CA$80.17
Nutrien
7D
-3.6%
1Y
15.0%

Nutrien (TSE:NTR) Has Some Way To Go To Become A Multi-Bagger

Jul 16
Nutrien (TSE:NTR) Has Some Way To Go To Become A Multi-Bagger
IFC
CA$299.41
Intact Financial
7D
-3.1%
1Y
25.0%
CSU
CA$5,040.07
Constellation Software
7D
1.7%
1Y
20.1%
L
CA$218.39
Loblaw Companies
7D
-2.2%
1Y
31.4%

We Think Loblaw Companies (TSE:L) Can Stay On Top Of Its Debt

Jul 13
We Think Loblaw Companies (TSE:L) Can Stay On Top Of Its Debt
CNQ
CA$42.62
Canadian Natural Resources
7D
-1.9%
1Y
-12.9%
CNR
CA$140.00
Canadian National Railway
7D
-3.4%
1Y
-15.7%

Canadian National Railway (TSE:CNR) Has A Pretty Healthy Balance Sheet

Jul 12
Canadian National Railway (TSE:CNR) Has A Pretty Healthy Balance Sheet
TRI
CA$287.65
Thomson Reuters
7D
4.5%
1Y
28.6%
LUG
CA$64.18
Lundin Gold
7D
-7.7%
1Y
169.3%
ENB
CA$61.58
Enbridge
7D
1.3%
1Y
23.8%

Here's What To Make Of Enbridge's (TSE:ENB) Decelerating Rates Of Return

Jul 09
Here's What To Make Of Enbridge's (TSE:ENB) Decelerating Rates Of Return
TD
CA$101.67
Toronto-Dominion Bank
7D
0.7%
1Y
27.5%
CP
CA$110.29
Canadian Pacific Kansas City
7D
-2.1%
1Y
-3.5%
CCO
CA$107.12
Cameco
7D
10.7%
1Y
68.2%

Cameco Corporation's (TSE:CCO) P/S Is Still On The Mark Following 26% Share Price Bounce

Jul 01
Cameco Corporation's (TSE:CCO) P/S Is Still On The Mark Following 26% Share Price Bounce
ATD
CA$74.00
Alimentation Couche-Tard
7D
6.2%
1Y
-10.0%
FFH
CA$2,413.99
Fairfax Financial Holdings
7D
-2.3%
1Y
50.3%