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Canadian (TSX) Market Analysis & Valuation

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies2203
  • 7D1.0%
  • 3M5.5%
  • 1Y34.0%
  • YTD8.9%

In the last week, the market has stayed flat, however the Materials sector stood out, gaining 7.2%. More promisingly, the market is up 34% over the past year. Looking forward, earnings are forecast to grow by 11% 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, 09 May 2026CA$5.4tCA$2.2tCA$244.2b16.4x22x2.4x
Mon, 06 Apr 2026CA$5.2tCA$2.2tCA$241.5b16.1x21.5x2.4x
Wed, 04 Mar 2026CA$5.4tCA$2.1tCA$238.8b17.1x22.8x2.5x
Fri, 30 Jan 2026CA$5.2tCA$2.1tCA$223.9b17.4x23.3x2.5x
Sun, 28 Dec 2025CA$5.0tCA$2.1tCA$224.3b16.5x22.1x2.3x
Tue, 25 Nov 2025CA$4.7tCA$2.1tCA$224.6b15.9x20.9x2.2x
Thu, 23 Oct 2025CA$4.7tCA$2.2tCA$209.4b16.6x22.2x2.2x
Sat, 20 Sep 2025CA$4.6tCA$2.1tCA$208.7b16.4x22.1x2.2x
Mon, 18 Aug 2025CA$4.4tCA$2.1tCA$201.7b15.8x21.8x2.1x
Wed, 16 Jul 2025CA$4.3tCA$2.1tCA$191.8b16.1x22.6x2x
Fri, 13 Jun 2025CA$4.3tCA$2.1tCA$191.7b15.5x22.2x2x
Sun, 11 May 2025CA$4.1tCA$2.1tCA$180.0b14.7x22.6x1.9x
Tue, 08 Apr 2025CA$3.7tCA$2.1tCA$173.9b13.8x21.4x1.8x
Thu, 06 Mar 2025CA$3.9tCA$2.1tCA$172.1b14.8x22.7x1.8x
Sat, 01 Feb 2025CA$4.0tCA$2.1tCA$170.8b14.6x23.3x1.9x
Mon, 30 Dec 2024CA$3.9tCA$2.1tCA$169.2b14.1x22.9x1.8x
Wed, 27 Nov 2024CA$4.0tCA$2.1tCA$166.4b14.6x23.7x1.9x
Fri, 25 Oct 2024CA$3.9tCA$2.1tCA$167.3b15.5x23.4x1.9x
Sun, 22 Sep 2024CA$3.8tCA$2.1tCA$167.5b15.2x22.7x1.8x
Tue, 20 Aug 2024CA$3.7tCA$2.1tCA$169.9b14.6x21.7x1.8x
Thu, 18 Jul 2024CA$3.7tCA$2.0tCA$167.6b14x22x1.8x
Sat, 15 Jun 2024CA$3.5tCA$2.1tCA$167.4b14x20.9x1.7x
Mon, 13 May 2024CA$3.6tCA$2.0tCA$168.8b14x21.4x1.8x
Wed, 10 Apr 2024CA$3.6tCA$2.0tCA$174.2b14.1x20.6x1.8x
Fri, 08 Mar 2024CA$3.5tCA$2.1tCA$173.1b14.1x20.2x1.7x
Sun, 04 Feb 2024CA$3.4tCA$2.1tCA$170.5b13x19.9x1.6x
Tue, 02 Jan 2024CA$3.4tCA$2.1tCA$172.8b13.3x19.5x1.6x
Thu, 30 Nov 2023CA$3.2tCA$2.1tCA$179.4b11.9x17.9x1.6x
Sat, 28 Oct 2023CA$3.1tCA$2.1tCA$184.8b11.3x16.6x1.5x
Mon, 25 Sep 2023CA$3.2tCA$2.1tCA$184.3b11.7x17.4x1.5x
Wed, 23 Aug 2023CA$3.2tCA$2.1tCA$185.8b11.3x17.2x1.5x
Fri, 21 Jul 2023CA$3.3tCA$2.1tCA$199.6b11.5x16.5x1.6x
Sun, 18 Jun 2023CA$3.2tCA$2.1tCA$200.3b11.3x16.1x1.5x
Tue, 16 May 2023CA$3.3tCA$2.1tCA$206.0b11x16.1x1.5x
Price to Earnings Ratio

16.1x


Total Market Cap: CA$3.3tTotal Earnings: CA$206.0bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 20.9x202420252026
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 20.9x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 5.8% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market0.99%
Materials7.22%
Telecom2.02%
Financials1.42%
Healthcare1.01%
Real Estate0.41%
Consumer Discretionary0.39%
Utilities0.26%
Industrials-0.80%
Consumer Staples-1.84%
Energy-2.71%
Tech-5.44%
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 24.0%, which is higher than its past year's earnings growth of 3.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings growth rate of 29% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 7.4% 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
ABX Barrick MiningCA$57.207.2%
+CA$6.4b		117.7%PE14.1xMaterials
BN BrookfieldCA$63.453.4%
+CA$4.7b		18.7%PE91.2xFinancials
RY Royal Bank of CanadaCA$247.641.4%
+CA$4.7b		48.4%PB2.7xFinancials
WPM Wheaton Precious MetalsCA$179.634.7%
+CA$3.7b		56.2%PE40.6xMaterials
GWO Great-West LifecoCA$76.365.2%
+CA$3.4b		47.3%PE17.4xFinancials
See more

Market Insights

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GWO
CA$76.36
Great-West Lifeco
7D
5.2%
1Y
47.3%
CNQ
CA$60.96
Canadian Natural Resources
7D
-6.0%
1Y
45.8%
WPM
CA$179.63
Wheaton Precious Metals
7D
4.7%
1Y
56.2%
NTR
CA$93.29
Nutrien
7D
-9.6%
1Y
22.4%
ENB
CA$73.72
Enbridge
7D
-2.2%
1Y
15.6%
BN
CA$63.45
Brookfield
7D
3.4%
1Y
18.7%
PAAS
CA$79.07
Pan American Silver
7D
11.2%
1Y
122.4%
CLS
CA$524.62
Celestica
7D
-5.9%
1Y
291.4%
FFH
CA$2,211.71
Fairfax Financial Holdings
7D
-5.9%
1Y
-0.5%
RY
CA$247.64
Royal Bank of Canada
7D
1.4%
1Y
48.4%
SU
CA$87.05
Suncor Energy
7D
-6.5%
1Y
82.5%
IMO
CA$171.87
Imperial Oil
7D
-5.5%
1Y
77.8%
Narrative Update • May 06

IMO: Future Cash Returns Will Depend On Execution And Cash Discipline

Analysts have raised their fair value estimate for Imperial Oil by about CA$55 to CA$205.25, citing a higher assumed revenue growth rate, a slightly higher discount rate, a modestly lower profit margin, and a marginally reduced future P/E expectation. Analyst Commentary Recent Street research shows a cluster of higher price targets for Imperial Oil, with several bullish analysts adjusting their fair value assumptions upward in fairly quick succession.
BAM
CA$66.70
Brookfield Asset Management
7D
2.2%
1Y
-15.8%
XNDU
CA$23.53
Xanadu Quantum Technologies
7D
-40.4%
1Y
n/a
ABX
CA$57.20
Barrick Mining
7D
7.2%
1Y
117.7%
EDV
CA$87.76
Endeavour Mining
7D
12.2%
1Y
117.4%