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Canadian (TSX) Market Analysis & Valuation

UpdatedApr 27, 2024
DataAggregated Company Financials
Companies2500
  • 7D0.8%
  • 3M4.6%
  • 1Y4.8%
  • YTD5.8%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for the longer term, the market has risen 4.8% in the past 12 months. Earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Apr 2024CA$3.5tCA$2.1tCA$173.1b13.9x20.4x1.7x
Mon, 25 Mar 2024CA$3.5tCA$2.0tCA$173.5b13.6x20.2x1.7x
Wed, 21 Feb 2024CA$3.4tCA$2.1tCA$177.5b13x19.2x1.6x
Fri, 19 Jan 2024CA$3.3tCA$2.1tCA$173.3b12.7x19.3x1.6x
Sun, 17 Dec 2023CA$3.3tCA$2.1tCA$172.9b12.4x19.3x1.6x
Tue, 14 Nov 2023CA$3.2tCA$2.1tCA$179.0b11.9x17.7x1.5x
Thu, 12 Oct 2023CA$3.2tCA$2.1tCA$185.1b11.6x17.2x1.5x
Sat, 09 Sep 2023CA$3.3tCA$2.1tCA$184.9b11.7x17.6x1.5x
Mon, 07 Aug 2023CA$3.3tCA$2.1tCA$186.2b11.7x17.6x1.6x
Wed, 05 Jul 2023CA$3.2tCA$2.1tCA$193.3b11.2x16.4x1.5x
Fri, 02 Jun 2023CA$3.2tCA$2.1tCA$200.1b11.2x15.9x1.5x
Sun, 30 Apr 2023CA$3.4tCA$2.1tCA$214.6b11.2x15.7x1.6x
Tue, 28 Mar 2023CA$3.2tCA$2.1tCA$219.4b10.5x14.7x1.5x
Thu, 23 Feb 2023CA$3.3tCA$2.1tCA$235.9b10.9x14x1.6x
Sat, 21 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.7x13.7x1.6x
Mon, 19 Dec 2022CA$3.2tCA$2.1tCA$243.6b10.4x13.2x1.5x
Wed, 16 Nov 2022CA$3.3tCA$2.0tCA$238.4b10.4x13.8x1.6x
Fri, 14 Oct 2022CA$3.1tCA$2.1tCA$241.3b9.6x12.9x1.5x
Sun, 11 Sep 2022CA$3.4tCA$2.1tCA$239.0b10.6x14x1.6x
Tue, 09 Aug 2022CA$3.3tCA$2.0tCA$240.0b10.4x13.7x1.6x
Thu, 07 Jul 2022CA$3.1tCA$2.0tCA$231.8b10.2x13.5x1.6x
Sat, 04 Jun 2022CA$3.4tCA$1.9tCA$227.3b11.8x15.1x1.8x
Mon, 02 May 2022CA$3.5tCA$1.9tCA$218.4b12.2x16x1.8x
Wed, 30 Mar 2022CA$3.7tCA$1.9tCA$212.2b13.3x17.5x2x
Fri, 25 Feb 2022CA$3.5tCA$1.8tCA$199.8b12.8x17.5x1.9x
Sun, 23 Jan 2022CA$3.4tCA$1.8tCA$188.6b12.8x18.2x1.9x
Tue, 21 Dec 2021CA$3.4tCA$1.8tCA$189.8b12.1x17.7x1.9x
Thu, 18 Nov 2021CA$3.5tCA$1.8tCA$188.2b13.2x18.8x2x
Sat, 16 Oct 2021CA$3.4tCA$1.7tCA$169.1b13.4x20.3x2x
Mon, 13 Sep 2021CA$3.4tCA$1.7tCA$167.9b12.9x20x2x
Wed, 11 Aug 2021CA$3.3tCA$1.7tCA$167.5b12.8x19.7x2x
Sun, 06 Jun 2021CA$3.2tCA$1.6tCA$126.3b14.7x25.3x2x
Price to Earnings Ratio

24.8x


Total Market Cap: CA$3.1tTotal Earnings: CA$124.3bTotal Revenue: CA$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.3x202220232024
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 20.4x which is higher than its 3-year average PE of 17.3x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 12% per year over the last three years.
  • Revenues for these companies have grown 9.0% 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 Market0.82%
Consumer Staples2.42%
Energy1.85%
Materials1.81%
Utilities1.13%
Consumer Discretionary1.10%
Financials0.49%
Real Estate0.37%
Tech0.33%
Healthcare0.11%
Telecom-0.67%
Industrials-1.05%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 125x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.8% which is higher than its past year's earnings decline of 21.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 67% over the next 5 years.
  • This is better than its past earnings growth rate of 3.5% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 5.3% 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
BN BrookfieldCA$55.964.4%
+CA$3.5b		27.3%PE64.3xFinancials
TD Toronto-Dominion BankCA$81.201.7%
+CA$2.3b		-1.1%PB1.3xFinancials
TECK.B Teck ResourcesCA$68.856.2%
+CA$2.1b		9.1%PE22.2xMaterials
ENB EnbridgeCA$48.962.1%
+CA$2.1b		-9.1%PE17.8xEnergy
FM First Quantum MineralsCA$18.2714.5%
+CA$1.9b		-44.5%PS1.9xMaterials
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CNR

CA$171.25

Canadian National Railway

7D

-2.4%

1Y

6.0%

CP

CA$111.63

Canadian Pacific Kansas City

7D

-4.1%

1Y

4.5%

ENB

CA$48.96

Enbridge

7D

2.1%

1Y

-9.1%

TFII

CA$187.87

TFI International

7D

-4.5%

1Y

28.7%

TECK.B

CA$68.85

Teck Resources

7D

6.2%

1Y

9.1%

FM

CA$18.27

First Quantum Minerals

7D

14.5%

1Y

-44.5%

FFH

CA$1,486.20

Fairfax Financial Holdings

7D

-1.8%

1Y

57.0%

BMO

CA$124.23

Bank of Montreal

7D

-2.0%

1Y

1.7%

GFL

CA$43.82

GFL Environmental

7D

-3.8%

1Y

-11.0%

ATD

CA$77.75

Alimentation Couche-Tard

7D

2.2%

1Y

15.0%

TD

CA$81.20

Toronto-Dominion Bank

7D

1.7%

1Y

-1.1%

TRI

CA$211.07

Thomson Reuters

7D

2.1%

1Y

14.2%

IVN

CA$20.36

Ivanhoe Mines

7D

6.0%

1Y

73.3%

BN

CA$55.96

Brookfield

7D

4.4%

1Y

27.3%

PVF.UN

CA$75.00

Partners Value Investments

7D

-10.9%

1Y

n/a

BNS

CA$63.62

Bank of Nova Scotia

7D

-1.0%

1Y

-5.9%