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Canadian (TSX) Market Analysis & Valuation

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies2484
  • 7D0.2%
  • 3M5.3%
  • 1Y9.4%
  • YTD4.7%

The Healthcare sector gained 8.0% while the market remained flat over the last week. As for the longer term, the market has risen 9.6% in the past 12 months. Earnings are forecast to grow by 11% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024CA$3.5tCA$2.1tCA$173.4b13.5x20.1x1.7x
Thu, 15 Feb 2024CA$3.3tCA$2.1tCA$179.2b13x18.5x1.6x
Sat, 13 Jan 2024CA$3.4tCA$2.1tCA$173.2b12.9x19.5x1.6x
Mon, 11 Dec 2023CA$3.3tCA$2.1tCA$172.5b12.2x18.9x1.6x
Wed, 08 Nov 2023CA$3.2tCA$2.1tCA$179.7b11.8x17.7x1.5x
Fri, 06 Oct 2023CA$3.1tCA$2.1tCA$185.5b11.2x16.8x1.5x
Sun, 03 Sep 2023CA$3.3tCA$2.1tCA$184.8b11.8x17.9x1.6x
Tue, 01 Aug 2023CA$3.3tCA$2.1tCA$191.2b12.1x17.4x1.6x
Thu, 29 Jun 2023CA$3.2tCA$2.1tCA$200.2b11.1x16x1.5x
Sat, 27 May 2023CA$3.2tCA$2.1tCA$200.4b11x16.1x1.5x
Mon, 24 Apr 2023CA$3.4tCA$2.1tCA$217.9b10.8x15.5x1.6x
Wed, 22 Mar 2023CA$3.1tCA$2.1tCA$211.4b10.6x14.7x1.5x
Fri, 17 Feb 2023CA$3.4tCA$2.1tCA$235.7b11.1x14.3x1.6x
Sun, 15 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.8x13.7x1.6x
Tue, 13 Dec 2022CA$3.3tCA$2.1tCA$244.0b10.5x13.5x1.6x
Thu, 10 Nov 2022CA$3.2tCA$2.0tCA$243.2b9.9x13.2x1.6x
Sat, 08 Oct 2022CA$3.2tCA$2.1tCA$240.9b9.7x13.1x1.5x
Mon, 05 Sep 2022CA$3.2tCA$2.0tCA$235.6b10.3x13.7x1.6x
Wed, 03 Aug 2022CA$3.3tCA$2.0tCA$231.6b10.5x14.1x1.6x
Fri, 01 Jul 2022CA$3.2tCA$2.0tCA$231.2b10.5x13.7x1.6x
Sun, 29 May 2022CA$3.4tCA$1.9tCA$228.1b11.8x15x1.8x
Tue, 26 Apr 2022CA$3.6tCA$1.9tCA$212.7b12.5x16.7x1.9x
Thu, 24 Mar 2022CA$3.7tCA$1.9tCA$212.1b12.9x17.4x2x
Sat, 19 Feb 2022CA$3.5tCA$1.8tCA$199.9b13x17.7x1.9x
Mon, 17 Jan 2022CA$3.5tCA$1.8tCA$188.8b13.1x18.7x2x
Wed, 15 Dec 2021CA$3.4tCA$1.8tCA$189.6b12x17.7x1.9x
Fri, 12 Nov 2021CA$3.5tCA$1.7tCA$185.8b13.1x19x2x
Sun, 10 Oct 2021CA$3.3tCA$1.7tCA$169.4b13.1x19.8x2x
Tue, 07 Sep 2021CA$3.4tCA$1.7tCA$167.9b12.9x20x2x
Thu, 05 Aug 2021CA$3.3tCA$1.7tCA$167.5b13x19.5x1.9x
Sun, 09 May 2021CA$3.1tCA$1.6tCA$124.3b14.8x24.8x1.9x
Price to Earnings Ratio

25.9x


Total Market Cap: CA$3.0tTotal Earnings: CA$115.8bTotal Revenue: CA$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.4x202220232024
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 20.2x which is higher than its 3-year average PE of 17.4x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 9.6% 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 Market0.24%
Healthcare13.73%
Energy2.08%
Materials1.89%
Industrials0.56%
Consumer Discretionary0.096%
Real Estate0.09%
Financials-0.37%
Consumer Staples-1.15%
Tech-1.81%
Utilities-3.20%
Telecom-4.40%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading close to its 3-year average PE ratio of 123x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.1% which is higher than its past year's earnings decline of 22.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 65% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 3.2% 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
CVE Cenovus EnergyCA$25.666.9%
+CA$3.0b
15.8%PE11.8xEnergy
SU Suncor EnergyCA$49.164.9%
+CA$2.9b
21.1%PE7.6xEnergy
CNQ Canadian Natural ResourcesCA$99.362.2%
+CA$2.5b
41.1%PE13xEnergy
TECK.B Teck ResourcesCA$60.107.3%
+CA$2.1b
24.7%PE12.8xMaterials
IVN Ivanhoe MinesCA$15.988.8%
+CA$1.9b
38.4%PE47xMaterials
See more
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Market Insights

When we checked in on commodity markets in November there was a lot of red on the YTD returns table. Since then, the gold price has hit a new record and crude is back above $80...

Latest News

BN

CA$55.51

Brookfield

7D

-2.1%

1Y

39.6%

CNQ

CA$99.36

Canadian Natural Resources

7D

2.2%

1Y

41.1%

CSU

CA$3,684.38

Constellation Software

7D

-2.9%

1Y

54.8%

CNR

CA$176.05

Canadian National Railway

7D

1.5%

1Y

11.7%

TECK.B

CA$60.10

Teck Resources

7D

7.3%

1Y

24.7%

CVE

CA$25.66

Cenovus Energy

7D

6.9%

1Y

15.8%

RCI.B

CA$57.15

Rogers Communications

7D

-4.3%

1Y

-8.5%

FM

CA$14.69

First Quantum Minerals

7D

12.4%

1Y

-45.3%

ENB

CA$48.09

Enbridge

7D

-1.0%

1Y

-5.2%

IVN

CA$15.98

Ivanhoe Mines

7D

8.8%

1Y

38.4%

TD

CA$80.23

Toronto-Dominion Bank

7D

-1.6%

1Y

3.2%

BCE

CA$46.31

BCE

7D

-5.7%

1Y

-23.8%