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Canadian (TSX) Market Analysis & Valuation

UpdatedAug 09, 2022
DataAggregated Company Financials
Companies2719
  • 7D-0.4%
  • 3M-1.5%
  • 1Y-1.2%
  • YTD-5.6%

Over the last 7 days, the market has remained flat, although notably the Consumer Discretionary sector gained 3.5% in that time. As for the longer term, the market has also been flat over the past year. Earnings are forecast to grow by 7.6% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Aug 2022CA$3.3tCA$2.0tCA$239.9b10.4x13.7x1.6x
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
Wed, 10 Mar 2021CA$2.9tCA$1.6tCA$59.3b15.6x48.5x1.8x
Tue, 01 Dec 2020CA$2.6tCA$1.6tCA$51.7b15.6x51.2x1.7x
Fri, 04 Sep 2020CA$2.5tCA$1.6tCA$58.3b16.9x42.4x1.6x
Mon, 08 Jun 2020CA$2.2tCA$1.6tCA$90.0b13.7x25x1.4x
Sun, 01 Mar 2020CA$2.5tCA$1.7tCA$144.8b15.5x17x1.5x
Wed, 04 Dec 2019CA$2.6tCA$1.6tCA$135.6b15x18.9x1.6x
Sat, 07 Sep 2019CA$2.5tCA$1.6tCA$129.6b14.4x19.2x1.5x
Price to Earnings Ratio

19.2x


Total Market Cap: CA$2.5tTotal Earnings: CA$129.6bTotal Revenue: CA$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 26x202020212022
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 13.7x which is lower than its 3-year average PE of 26.0x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 23% per year over the last three years.
  • Revenues for these companies have grown 7.3% 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-0.38%
Consumer Discretionary3.46%
Healthcare3.42%
Tech3.40%
Materials1.98%
Utilities1.61%
Industrials1.61%
Financials0.53%
Real Estate0.13%
Consumer Staples-0.63%
Telecom-1.33%
Energy-6.52%
Sector PE
  • Investors are most optimistic about the Tech sector which is trading above its 3-year average PE ratio of 34.5x.
  • Analysts are expecting annual earnings growth of 27%, which is lower than the prior year's growth of 30% per year.
  • This could indicate that the market believes that analysts are underestimating future growth.
  • Investors are most pessimistic about the Real Estate sector, which is trading below its 3-year average of 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 71% over the next 5 years.
  • This is better than its past earnings growth rate of 28% per year.
  • In contrast, the Real Estate industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
QSP.UN Restaurant Brands International Limited PartnershipCA$77.149.4%
+CA$2.3b
-4.2%PE17.2xConsumer Discretionary
BAM.A Brookfield Asset ManagementCA$64.611.7%
+CA$1.7b
-10.0%PE20.1xFinancials
BEPC Brookfield RenewableCA$53.987.7%
+CA$1.4b
2.7%PE36.7xUtilities
NVEI NuveiCA$54.1020.9%
+CA$1.3b
-47.7%PE75.9xTech
CP Canadian Pacific RailwayCA$102.351.4%
+CA$1.3b
11.9%PE40.3xIndustrials
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NVEI

CA$54.10

Nuvei

7D

20.9%

1Y

-47.7%

ENB

CA$55.80

Enbridge

7D

-3.0%

1Y

13.0%