Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Market Analysis & Valuation

UpdatedJul 30, 2026
DataAggregated Company Financials
Companies2198
  • 7D-0.9%
  • 3M3.0%
  • 1Y28.5%
  • YTD11.3%

The Information Technology sector gained 7.3% while the market remained flat over the last week. Meanwhile, the market is actually up 28% over the past year. As for the next few years, earnings are expected to grow by 10% 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
Thu, 30 Jul 2026CA$5.6tCA$2.3tCA$243.0b16.5x23x2.5x
Sat, 27 Jun 2026CA$5.5tCA$2.3tCA$245.7b15.7x22.2x2.4x
Mon, 25 May 2026CA$5.5tCA$2.2tCA$247.2b16.5x22.1x2.5x
Wed, 22 Apr 2026CA$5.4tCA$2.2tCA$240.7b16.7x22.4x2.5x
Fri, 20 Mar 2026CA$5.1tCA$2.1tCA$239.3b15.9x21.2x2.4x
Sun, 15 Feb 2026CA$5.2tCA$2.1tCA$228.5b17.5x22.9x2.4x
Tue, 13 Jan 2026CA$5.1tCA$2.1tCA$224.9b16.9x22.7x2.4x
Thu, 11 Dec 2025CA$4.9tCA$2.1tCA$225.2b16x21.5x2.3x
Sat, 08 Nov 2025CA$4.6tCA$2.1tCA$221.4b16.3x20.9x2.2x
Mon, 06 Oct 2025CA$4.8tCA$2.2tCA$209.3b16.7x22.7x2.2x
Wed, 03 Sep 2025CA$4.5tCA$2.1tCA$208.4b16.2x21.6x2.1x
Fri, 01 Aug 2025CA$4.3tCA$2.1tCA$192.8b16.1x22.5x2x
Sun, 29 Jun 2025CA$4.2tCA$2.1tCA$191.7b15.7x22.1x2x
Tue, 27 May 2025CA$4.1tCA$2.1tCA$191.5b14.9x21.6x2x
Thu, 24 Apr 2025CA$3.9tCA$2.1tCA$173.4b14.6x22.4x1.9x
Sat, 22 Mar 2025CA$4.0tCA$2.1tCA$173.4b14.9x22.9x1.9x
Mon, 17 Feb 2025CA$4.0tCA$2.1tCA$168.6b15x23.9x1.9x
Wed, 15 Jan 2025CA$3.8tCA$2.1tCA$171.2b14.2x22.4x1.8x
Fri, 13 Dec 2024CA$4.0tCA$2.1tCA$169.2b14.8x23.5x1.9x
Sun, 10 Nov 2024CA$3.9tCA$2.1tCA$167.8b14.8x23.4x1.8x
Tue, 08 Oct 2024CA$3.9tCA$2.1tCA$167.7b15.4x23x1.8x
Thu, 05 Sep 2024CA$3.7tCA$2.1tCA$167.6b15.1x22x1.8x
Sat, 03 Aug 2024CA$3.7tCA$2.1tCA$167.7b13.8x21.8x1.8x
Mon, 01 Jul 2024CA$3.5tCA$2.1tCA$166.5b14.1x21.2x1.7x
Wed, 29 May 2024CA$3.6tCA$2.0tCA$165.8b14.2x21.9x1.8x
Fri, 26 Apr 2024CA$3.5tCA$2.1tCA$173.1b13.9x20.3x1.7x
Sun, 24 Mar 2024CA$3.5tCA$2.0tCA$173.6b13.6x20.2x1.7x
Tue, 20 Feb 2024CA$3.4tCA$2.1tCA$177.5b13.4x19.2x1.6x
Thu, 18 Jan 2024CA$3.3tCA$2.1tCA$173.4b12.7x19.2x1.6x
Sat, 16 Dec 2023CA$3.3tCA$2.1tCA$172.9b12.4x19.3x1.6x
Mon, 13 Nov 2023CA$3.2tCA$2.1tCA$177.6b11.8x17.8x1.5x
Wed, 11 Oct 2023CA$3.2tCA$2.1tCA$185.0b11.5x17.1x1.5x
Fri, 08 Sep 2023CA$3.3tCA$2.1tCA$184.8b11.3x17.6x1.5x
Sun, 06 Aug 2023CA$3.3tCA$2.1tCA$185.4b11.8x17.7x1.6x
Price to Earnings Ratio

17.7x


Total Market Cap: CA$3.3tTotal Earnings: CA$185.4bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 21.4x202420252026
Current Market PE
  • Investors are relatively neutral on the Canadian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 21.4x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 9.4% per year over the last three years.
  • Revenues for these companies have grown 2.5% 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-0.92%
Tech7.29%
Telecom4.71%
Consumer Staples2.15%
Industrials1.14%
Consumer Discretionary0.96%
Real Estate-0.11%
Energy-1.21%
Financials-1.43%
Healthcare-1.59%
Utilities-1.90%
Materials-3.76%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.9%, which is higher than its past year's earnings growth of 6.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings growth rate of 1.3% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 3.4% 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
TRI Thomson ReutersCA$149.3521.4%
+CA$11.5b		-46.8%PE30.3xIndustrials
CSU Constellation SoftwareCA$3.12k19.7%
+CA$10.9b		-35.9%PE63.2xTech
FFH Fairfax Financial HoldingsCA$2.41k6.0%
+CA$3.1b		-2.0%PE8.4xFinancials
GIB.A CGICA$105.0113.6%
+CA$2.6b		-21.7%PE13.1xTech
T TELUSCA$15.658.8%
+CA$2.0b		-30.2%PE26.5xTelecom
See more

Market Insights

Header cover image
Healthcare just hit its lowest market weight since 1994. But dig deeper into the sector, and the collapse starts to look like a costume in some ways.
Continue reading
A brand’s strength doesn’t always last

Latest News

CSU
CA$3,116.72
Constellation Software
7D
19.7%
1Y
-35.9%
TRI
CA$149.35
Thomson Reuters
7D
21.4%
1Y
-46.8%
GIB.A
CA$105.01
CGI
7D
13.6%
1Y
-21.7%
ENB
CA$77.56
Enbridge
7D
-2.2%
1Y
24.6%
BAM
CA$66.53
Brookfield Asset Management
7D
1.8%
1Y
-22.7%
RY
CA$290.34
Royal Bank of Canada
7D
-2.6%
1Y
62.1%
T
CA$15.65
TELUS
7D
8.8%
1Y
-30.2%
FFH
CA$2,410.93
Fairfax Financial Holdings
7D
6.0%
1Y
-2.0%
MFC
CA$61.75
Manulife Financial
7D
1.8%
1Y
45.4%
TD
CA$164.52
Toronto-Dominion Bank
7D
-3.6%
1Y
61.6%
TRP
CA$94.61
TC Energy
7D
-3.8%
1Y
45.5%
BMO
CA$246.81
Bank of Montreal
7D
-2.2%
1Y
60.4%
ABX
CA$51.11
Barrick Mining
7D
-3.2%
1Y
75.1%
Narrative Update • Jul 22

ABX: Buyback And North American Spin Off Plan Will Drive Future Upside

Barrick Mining's analyst price target has been revised to CA$68 from CA$72. Analysts point to moderated revenue growth expectations, a slightly higher discount rate, and a lower future P/E assumption, partly offset by a small improvement in projected profit margins.
IMO
CA$180.96
Imperial Oil
7D
2.2%
1Y
55.1%
BNS
CA$121.14
Bank of Nova Scotia
7D
-1.8%
1Y
56.3%
CCO
CA$118.83
Cameco
7D
-6.7%
1Y
10.5%