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Canadian (TSX) Consumer Discretionary Sector Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies53
  • 7D-3.2%
  • 3M-6.2%
  • 1Y27.0%
  • YTD-5.7%

Over the last 7 days, the Consumer Discretionary industry has dropped 1.5%, driven by a pullback from Dollarama of 5.6%. Over the past 12 months, the industry was up 30%. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

Has the Canadian Consumer Discretionary Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Mar 2026CA$180.0bCA$145.2bCA$7.3b15.7x24.7x1.2x
Sun, 15 Feb 2026CA$184.7bCA$144.4bCA$7.4b18.6x25.1x1.3x
Tue, 13 Jan 2026CA$185.4bCA$145.5bCA$7.7b19.5x24.1x1.3x
Thu, 11 Dec 2025CA$179.3bCA$144.3bCA$7.5b19.3x23.8x1.2x
Sat, 08 Nov 2025CA$167.1bCA$145.4bCA$7.5b17.6x22.2x1.1x
Mon, 06 Oct 2025CA$169.8bCA$144.5bCA$7.7b18.7x22x1.2x
Wed, 03 Sep 2025CA$161.3bCA$143.5bCA$7.6b17.5x21.2x1.1x
Fri, 01 Aug 2025CA$159.5bCA$143.5bCA$7.7b16.3x20.7x1.1x
Sun, 29 Jun 2025CA$154.0bCA$142.5bCA$7.6b16.1x20.4x1.1x
Tue, 27 May 2025CA$141.8bCA$134.8bCA$7.4b15.7x19.2x1.1x
Thu, 24 Apr 2025CA$131.0bCA$138.1bCA$7.0b15.4x18.8x0.9x
Sat, 22 Mar 2025CA$137.9bCA$149.3bCA$7.3b15.9x19x0.9x
Mon, 17 Feb 2025CA$138.2bCA$149.1bCA$7.1b18.6x19.5x0.9x
Wed, 15 Jan 2025CA$138.3bCA$148.9bCA$8.2b14.2x16.9x0.9x
Fri, 13 Dec 2024CA$146.0bCA$147.9bCA$8.0b15.2x18.1x1x
Sun, 10 Nov 2024CA$141.3bCA$145.4bCA$7.9b15.7x17.9x1x
Tue, 08 Oct 2024CA$139.3bCA$143.7bCA$7.4b17.9x18.7x1x
Thu, 05 Sep 2024CA$137.3bCA$144.9bCA$7.7b17.4x17.7x0.9x
Sat, 03 Aug 2024CA$137.4bCA$146.9bCA$7.8b13.9x17.6x0.9x
Mon, 01 Jul 2024CA$132.0bCA$145.9bCA$8.0b13.7x16.6x0.9x
Wed, 29 May 2024CA$133.7bCA$147.1bCA$8.0b12.9x16.7x0.9x
Fri, 26 Apr 2024CA$134.2bCA$146.3bCA$8.2b14x16.4x0.9x
Sun, 24 Mar 2024CA$137.3bCA$146.2bCA$8.1b14.8x16.9x0.9x
Tue, 20 Feb 2024CA$135.4bCA$144.8bCA$7.3b15.7x18.6x0.9x
Thu, 18 Jan 2024CA$135.2bCA$149.9bCA$7.7b15.8x17.4x0.9x
Sat, 16 Dec 2023CA$135.5bCA$149.1bCA$7.7b15.5x17.5x0.9x
Mon, 13 Nov 2023CA$104.7bCA$145.9bCA$7.0b14.5x15x0.7x
Wed, 11 Oct 2023CA$104.0bCA$142.8bCA$7.1b14.7x14.6x0.7x
Fri, 08 Sep 2023CA$109.2bCA$143.0bCA$7.1b15.4x15.4x0.8x
Sun, 06 Aug 2023CA$115.1bCA$137.3bCA$6.4b16.6x18.1x0.8x
Tue, 04 Jul 2023CA$115.3bCA$136.2bCA$6.4b16.7x17.9x0.8x
Thu, 01 Jun 2023CA$107.8bCA$137.5bCA$6.5b15.3x16.7x0.8x
Sat, 29 Apr 2023CA$111.6bCA$135.0bCA$6.8b16.2x16.4x0.8x
Mon, 27 Mar 2023CA$106.1bCA$135.8bCA$6.9b13.3x15.4x0.8x
Price to Earnings Ratio

15.4x


Total Market Cap: CA$106.1bTotal Earnings: CA$6.9bTotal Revenue: CA$135.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Consumer Discretionary Sector Price to Earnings3Y Average 18.6x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Consumer Discretionary industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 25.1x which is higher than its 3-year average PE of 18.6x.
  • The 3-year average PS ratio of 0.97x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Canadian Consumer Discretionary sector?

CA Market-3.23%
Consumer Discretionary-3.19%
Hospitality3.70%
Auto0%0
Retail Distributors0%0
Online Retail and Ecommerce0%0
Leisure-3.20%
Luxury-3.51%
Consumer Durables-4.49%
General Merchandise and Department Stores-5.02%
Specialty Stores-5.23%
Auto Components-5.78%
Consumer Services-8.34%
Industry PE
  • Investors are most optimistic about the Leisure industry which is trading above its 3-year average PE ratio of 21.2x.
    • Analysts are expecting annual earnings growth of 23.4%, which is higher than its past year's earnings decline of 41.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Luxury industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the General Merchandise and Department Stores industry is expected to see its earnings grow by 10% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
QSP.UN Restaurant Brands International Limited PartnershipCA$101.044.0%
+CA$1.3b		3.2%PE20.6x
ATZ AritziaCA$110.250.5%
+CA$60.5m		113.1%PE36.9x
IFA iFabricCA$2.9031.8%
+CA$21.2m		166.1%PE55.8x
TWC TWC EnterprisesCA$23.373.9%
+CA$21.0m		26.3%PE9.8x
BRAG Bragg Gaming GroupCA$2.7533.5%
+CA$17.6m		-56.6%PS0.4x

Latest News

BRAG
CA$2.75
Bragg Gaming Group
7D
33.5%
1Y
-56.6%
DOO
CA$85.14
BRP
7D
-2.4%
1Y
60.0%
DOL
CA$183.48
Dollarama
7D
-5.6%
1Y
21.6%

DOL: Higher Implied P/E Will Likely Leave Shares Vulnerable To Repricing

Analysts have revised their Dollarama price target higher to CA$166.73 from CA$160.92, citing updated assumptions around revenue growth, profit margins, discount rate, and future P/E that modestly adjust their valuation outlook. Valuation Changes Fair Value: CA$160.92 to CA$166.73, reflecting a slightly higher assessed value per share.
LNR
CA$84.00
Linamar
7D
-4.9%
1Y
63.2%
IFA
CA$2.90
iFabric
7D
31.8%
1Y
166.1%
MTY
CA$39.05
MTY Food Group
7D
1.5%
1Y
-7.8%
TOY
CA$17.49
Spin Master
7D
-5.8%
1Y
-31.1%

TOY: Share Repurchases And Execution Improvements Will Support Future Share Performance

Analysts have trimmed their average price target on Spin Master by CA$1, citing slightly softer assumptions for revenue growth, profit margins and future P/E multiples, as reflected in the recent series of price target reductions from CA$27 to the low CA$20s. Analyst Commentary Recent Street research on Spin Master has centered on resetting price targets closer to the low CA$20s, with several firms revising their views in quick succession.
GIL
CA$77.59
Gildan Activewear
7D
-4.1%
1Y
17.8%

GIL: Dividend Growth And Bangladesh Expansion Will Support Future Upside

Analysts have raised their price target on Gildan Activewear by roughly CA$1.30, citing updated assumptions that combine a slightly higher discount rate with lower projected revenue growth, a higher profit margin, and a more conservative future P/E multiple. What's in the News The company plans to construct a second textile facility in the Bangladesh complex over the next 18 months, with initial production targeted for late 2027 and capital expenditure expected to remain within existing capex guidance (company announcement).
QSP.UN
CA$101.04
Restaurant Brands International Limited Partnership
7D
4.0%
1Y
3.2%
CTC.A
CA$183.10
Canadian Tire Corporation
7D
-1.8%
1Y
23.3%

CTC.A: Loyalty And AI Partnerships Will Guide Cautious Fair Value Expectations

Analysts have lifted our implied fair value for Canadian Tire Corporation by about CA$2 to CA$191.45. This reflects higher Street price targets and updated assumptions for discount rate, profit margin, and future P/E in line with recent TD Securities, CIBC, BMO Capital, and Scotiabank research.
TWC
CA$23.37
TWC Enterprises
7D
3.9%
1Y
26.3%
AW
CA$36.97
A & W Food Services of Canada
7D
1.7%
1Y
17.0%
GOOS
CA$14.86
Canada Goose Holdings
7D
0.9%
1Y
22.2%

GOOS: Premium Positioning And Sector Tailwinds Will Support Future Upside Potential

Analysts have trimmed their Canada Goose Holdings fair value estimate to CA$23.00 from CA$28.00, citing recent price target cuts, rating downgrades and a more cautious outlook on revenue growth and valuation multiples, despite slightly higher margin assumptions and a lower implied future P/E. Analyst Commentary Recent Street research on Canada Goose has tilted cautious overall, but there are still a few clear bullish threads that some investors may want to keep an eye on.
MG
CA$72.35
Magna International
7D
-6.0%
1Y
39.6%

MG: Dividend Strength And Buybacks Will Support Confidence In 2026 Guidance

Analysts have nudged their fair value estimate for Magna International up from CA$85.36 to CA$89.71, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Magna confirmed earnings guidance for 2026, with expected sales in a range of US$41.9b to US$43.5b (company guidance).
ATZ
CA$110.25
Aritzia
7D
0.5%
1Y
113.1%

ATZ: Higher Margin Outlook Will Support Stronger Long Term Earnings Power

Aritzia's fair value estimate has been raised from CA$150.0 to CA$168.0, reflecting analysts' higher price targets, including recent moves to CA$148 to CA$155. This change also incorporates updated assumptions for slightly stronger revenue growth, modestly higher profit margins, and a lower future P/E multiple.
GRGD
CA$67.50
Groupe Dynamite
7D
-14.1%
1Y
401.1%