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Canadian (TSX) Market Analysis & Valuation

UpdatedDec 04, 2023
DataAggregated Company Financials
Companies2807
  • 7D1.4%
  • 3M-1.0%
  • 1Y-3.0%
  • YTD2.5%

The market has climbed 1.4% over the last week, with theFinancials and Consumer Discretionary sectors leading the way. In contrast, the market has seen a decline of 3.0% over the last 12 months. Earnings are forecast to grow by 14% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 04 Dec 2023CA$3.3tCA$2.1tCA$173.0b12.4x19.3x1.6x
Wed, 01 Nov 2023CA$3.1tCA$2.1tCA$185.5b11.6x16.8x1.5x
Fri, 29 Sep 2023CA$3.2tCA$2.1tCA$185.5b11.5x17.4x1.5x
Sun, 27 Aug 2023CA$3.3tCA$2.1tCA$185.8b11.5x17.6x1.5x
Tue, 25 Jul 2023CA$3.4tCA$2.1tCA$200.9b11.8x16.8x1.6x
Thu, 22 Jun 2023CA$3.2tCA$2.1tCA$201.1b11.1x16.1x1.5x
Sat, 20 May 2023CA$3.3tCA$2.2tCA$207.2b11.1x16.1x1.5x
Mon, 17 Apr 2023CA$3.4tCA$2.1tCA$218.2b10.6x15.6x1.6x
Wed, 15 Mar 2023CA$3.2tCA$2.1tCA$221.6b10.6x14.6x1.5x
Fri, 10 Feb 2023CA$3.4tCA$2.1tCA$246.5b11.1x13.7x1.6x
Sun, 08 Jan 2023CA$3.3tCA$2.1tCA$246.2b10.6x13.3x1.6x
Tue, 06 Dec 2022CA$3.4tCA$2.1tCA$243.5b10.7x13.8x1.6x
Thu, 03 Nov 2022CA$3.2tCA$2.0tCA$235.5b9.9x13.6x1.6x
Sat, 01 Oct 2022CA$3.1tCA$2.1tCA$241.1b9.6x13x1.5x
Mon, 29 Aug 2022CA$3.3tCA$2.0tCA$235.9b10.6x14.1x1.7x
Wed, 27 Jul 2022CA$3.2tCA$2.0tCA$230.8b10.3x13.8x1.6x
Fri, 24 Jun 2022CA$3.1tCA$2.0tCA$231.6b10.4x13.5x1.6x
Sun, 22 May 2022CA$3.4tCA$1.9tCA$226.9b11.4x15x1.7x
Tue, 19 Apr 2022CA$3.7tCA$1.9tCA$212.1b12.7x17.3x2x
Thu, 17 Mar 2022CA$3.6tCA$1.9tCA$213.7b12.7x16.8x1.9x
Sat, 12 Feb 2022CA$3.6tCA$1.8tCA$197.0b13x18.3x2x
Mon, 10 Jan 2022CA$3.5tCA$1.8tCA$188.9b13x18.4x2x
Wed, 08 Dec 2021CA$3.4tCA$1.8tCA$189.6b12.1x17.9x1.9x
Fri, 05 Nov 2021CA$3.5tCA$1.7tCA$179.5b13.4x19.4x2x
Sun, 03 Oct 2021CA$3.3tCA$1.7tCA$169.9b12.6x19.4x2x
Tue, 31 Aug 2021CA$3.3tCA$1.7tCA$167.5b12.9x19.7x2x
Wed, 07 Jul 2021CA$3.2tCA$1.7tCA$161.3b13.3x20.1x2x
Sat, 10 Apr 2021CA$3.0tCA$1.6tCA$115.8b14.8x25.9x1.9x
Fri, 01 Jan 2021CA$2.7tCA$1.6tCA$57.4b14.9x47.4x1.7x
Price to Earnings Ratio

51.2x


Total Market Cap: CA$2.6tTotal Earnings: CA$51.7bTotal Revenue: CA$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 19.8x202120222023
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 19.8x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 50% per year over the last three years.
  • Revenues for these companies have grown 10% 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 Market1.40%
Materials3.64%
Telecom2.43%
Financials1.90%
Real Estate1.89%
Industrials1.72%
Healthcare1.34%
Tech1.30%
Utilities1.26%
Energy0.15%
Consumer Discretionary-0.13%
Consumer Staples-2.38%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 27.8x.
    • 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 decline of 20.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 61% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Utilities 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
RY Royal Bank of CanadaCA$122.944.1%
+CA$7.4b
-8.0%PB1.6xFinancials
CP Canadian Pacific Kansas CityCA$100.996.5%
+CA$5.7b
-7.4%PE22.5xIndustrials
CNR Canadian National RailwayCA$160.235.1%
+CA$5.0b
-7.0%PE21.1xIndustrials
CNQ Canadian Natural ResourcesCA$91.635.3%
+CA$5.0b
17.9%PE13.9xEnergy
BN BrookfieldCA$48.795.3%
+CA$3.8b
-18.7%PS0.6xFinancials
See more
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Market Insights

This week, we’re zooming in on how companies globally fared during the third quarter and what their results mean for the future and valuations...

Latest News

BMO

CA$113.66

Bank of Montreal

7D

3.6%

1Y

-14.5%

CM

CA$56.55

Canadian Imperial Bank of Commerce

7D

6.9%

1Y

-3.9%

DOO

CA$85.36

BRP

7D

-10.4%

1Y

-17.3%

FM

CA$11.19

First Quantum Minerals

7D

-12.2%

1Y

-66.0%

RY

CA$122.94

Royal Bank of Canada

7D

4.1%

1Y

-8.0%

TD

CA$81.91

Toronto-Dominion Bank

7D

-1.4%

1Y

-10.3%

ENB

CA$47.47

Enbridge

7D

2.7%

1Y

-12.5%

ATD

CA$76.93

Alimentation Couche-Tard

7D

-2.3%

1Y

25.1%

TRI

CA$190.28

Thomson Reuters

7D

-1.1%

1Y

15.6%

FNV

CA$152.71

Franco-Nevada

7D

-3.8%

1Y

-21.4%

CNR

CA$160.23

Canadian National Railway

7D

5.1%

1Y

-7.0%

L

CA$118.19

Loblaw Companies

7D

-2.9%

1Y

-3.2%

WN

CA$159.92

George Weston

7D

-3.3%

1Y

-6.6%

BN

CA$48.79

Brookfield

7D

5.3%

1Y

-18.7%

CP

CA$100.99

Canadian Pacific Kansas City

7D

6.5%

1Y

-7.4%