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Canadian (TSX) Food Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies22
  • 7D-1.4%
  • 3M12.2%
  • 1Y44.5%
  • YTD-1.4%

Over the last 7 days, the Food industry has dropped 1.4%, driven by Saputo declining 1.3%. Meanwhile, Organto Foods actually outperformed within the industry, gaining 7.5% in the last week. In the past year, the industry has gained 44%. Looking forward, earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

Has the Canadian Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 Jan 2026CA$29.2bCA$39.4bCA$481.0m12.3x60.8x0.7x
Sun, 28 Dec 2025CA$28.6bCA$39.5bCA$480.9m11.9x59.6x0.7x
Tue, 25 Nov 2025CA$27.6bCA$39.4bCA$488.7m12.1x56.4x0.7x
Thu, 23 Oct 2025CA$26.1bCA$38.9bCA$456.9m12x57.2x0.7x
Sat, 20 Sep 2025CA$25.5bCA$37.0bCA$337.3m13.8x75.6x0.7x
Mon, 18 Aug 2025CA$25.1bCA$37.0bCA$319.3m18.3x78.7x0.7x
Wed, 16 Jul 2025CA$21.9bCA$36.5bCA$241.2m13.9x90.9x0.6x
Fri, 13 Jun 2025CA$21.5bCA$36.5bCA$255.7m12.2x84x0.6x
Sun, 11 May 2025CA$21.0bCA$36.3bCA$269.5m12.8x78x0.6x
Tue, 08 Apr 2025CA$19.7bCA$35.9bCA$275.8m12.1x71.5x0.5x
Thu, 06 Mar 2025CA$19.8bCA$35.7bCA$247.2m12.6x80.1x0.6x
Sat, 01 Feb 2025CA$19.5bCA$34.9bCA$577.2m24.6x33.7x0.6x
Mon, 30 Dec 2024CA$19.4bCA$34.9bCA$576.9m24.9x33.7x0.6x
Wed, 27 Nov 2024CA$20.4bCA$34.8bCA$569.1m25.3x35.9x0.6x
Fri, 25 Oct 2024CA$21.0bCA$34.3bCA$570.7m15.3x36.9x0.6x
Sun, 22 Sep 2024CA$22.0bCA$34.2bCA$567.4m15.7x38.8x0.6x
Tue, 20 Aug 2024CA$21.9bCA$34.2bCA$569.7m15.1x38.4x0.6x
Thu, 18 Jul 2024CA$23.0bCA$33.8bCA$493.2m11.7x46.6x0.7x
Sat, 15 Jun 2024CA$21.7bCA$33.8bCA$494.6m10.6x44x0.6x
Mon, 13 May 2024CA$20.9bCA$33.8bCA$555.3m11.1x37.7x0.6x
Wed, 10 Apr 2024CA$20.5bCA$33.8bCA$432.6m13.2x47.3x0.6x
Fri, 08 Mar 2024CA$20.6bCA$33.8bCA$431.6m13.4x47.8x0.6x
Sun, 04 Feb 2024CA$21.7bCA$34.1bCA$676.9m16.1x32.1x0.6x
Tue, 02 Jan 2024CA$20.8bCA$34.1bCA$662.3m15.2x31.4x0.6x
Thu, 30 Nov 2023CA$20.2bCA$34.1bCA$594.7m17.4x34x0.6x
Sat, 28 Oct 2023CA$20.8bCA$34.3bCA$348.9m26.6x59.6x0.6x
Mon, 25 Sep 2023CA$21.9bCA$34.2bCA$319.1m37.7x68.5x0.6x
Wed, 23 Aug 2023CA$22.1bCA$34.2bCA$318.3m29.3x69.5x0.6x
Fri, 21 Jul 2023CA$22.2bCA$34.1bCA$341.6m26.3x65x0.7x
Sun, 18 Jun 2023CA$22.9bCA$34.1bCA$354.0m26x64.6x0.7x
Tue, 16 May 2023CA$25.1bCA$33.5bCA$227.6m22.5x110.5x0.7x
Thu, 13 Apr 2023CA$24.7bCA$33.2bCA$283.1m11.3x87.3x0.7x
Sat, 11 Mar 2023CA$23.7bCA$32.9bCA$310.0m8.3x76.6x0.7x
Mon, 06 Feb 2023CA$24.7bCA$32.0bCA$232.8m10.6x106x0.8x
Price to Earnings Ratio

106x


Total Market Cap: CA$24.7bTotal Earnings: CA$232.8mTotal Revenue: CA$32.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Food Industry Price to Earnings3Y Average 60.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 60.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
  • The earnings for companies in the Food industry have grown 27% per year over the last three years.
  • Revenues for these companies have grown 7.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Consumer Staples industry?

CA Market1.18%
Consumer Staples-3.34%
Food-1.42%
Packaged Foods and Meats-1.41%
Agricultural Products-6.63%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 58.7x.
    • Analysts are expecting annual earnings growth of 33.5%, which is higher than its past year's earnings growth of 16.9% per year.
  • Investors are most pessimistic about the Agricultural Products industry, which is trading below its 3-year average of 28.8x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 34% 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
SAP SaputoCA$41.440.7%
+CA$121.9m		69.6%PS0.9x
RSI Rogers SugarCA$6.181.0%
+CA$7.7m		5.3%PE12.3x
OGO Organto FoodsCA$0.883.5%
+CA$5.4m		n/aPS3x
FRSH Fresh Factory B.CCA$1.265.0%
+CA$3.4m		40.0%PS1.3x
PLCN Cannibble Food-TechCA$0.10566.7%
+CA$2.2m		n/an/a

Latest News

OGO
CA$0.88
Organto Foods
7D
3.5%
1Y
n/a
OBUL
CA$0.10
One Bullion
7D
-16.7%
1Y
n/a
HLF
CA$15.43
High Liner Foods
7D
0.2%
1Y
-2.8%

HLF: Late Q4 USDA Contract Is Expected To Support Upside

Analysts have lowered their price target on High Liner Foods to C$16 from C$22, pointing to weaker than expected Q3 results and more conservative near term volume and revenue assumptions, even as a potential new USDA contract offers some offset. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the new C$16 price target still sits meaningfully above the current trading price implied by the prior C$22 target cut, which they see as leaving some room if execution stabilizes.
MFI
CA$25.51
Maple Leaf Foods
7D
-0.2%
1Y
17.7%

MFI: Margin Execution And Brand Initiatives Will Support Future Repricing Potential

Narrative Update The analyst price target for Maple Leaf Foods has been adjusted to C$34.00 from C$33.88. This reflects recent Street research in which analysts fine tuned their views on the stock, including a C$1 price target increase at one firm and target revisions to C$34 and C$27 at others, while maintaining positive or neutral ratings.
LAS.A
CA$219.55
Lassonde Industries
7D
-0.7%
1Y
23.3%

LAS.A: Buy Canadian Momentum Will Support 2025 Sales Outlook

Analysts have maintained their fair value estimate for Lassonde Industries at $268.00 per share, indicating that assumptions for discount rate, revenue growth, profit margin and future P/E remain essentially unchanged. They describe the latest price target update as a confirmation of their existing outlook.
PBH
CA$93.40
Premium Brands Holdings
7D
-3.5%
1Y
17.3%

PBH: Higher Margin Outlook Will Support Stronger Share Price Repricing

Analysts have lifted their fair value estimate for Premium Brands Holdings to $155.88 from $130.61, citing updated assumptions around revenue growth, profit margins, and a lower future P/E multiple. These changes align with a series of recent price target increases from C$104 to C$145 across several firms.
SAP
CA$41.44
Saputo
7D
0.7%
1Y
69.6%

SAP: Higher Multiples Will Struggle If Margin Execution Disappoints

The analyst price target for Saputo has moved slightly higher. Analysts cite updated assumptions for fair value, modestly stronger revenue growth and margins, and a small adjustment to the future P/E, along with recent Street target increases to C$38 and C$42, as support for the change.
ESBL
CA$0.15
Eshbal Functional Food
7D
-21.1%
1Y
n/a
FRSH
CA$1.26
Fresh Factory B.C
7D
5.0%
1Y
40.0%
BOIL
CA$2.89
Beyond Oil
7D
-7.4%
1Y
35.0%
MEAT
CA$0.14
Modern Plant Based Foods
7D
58.8%
1Y
-10.0%
TRBR
CA$1.60
TRUBAR
7D
-0.6%
1Y
45.5%
RSI
CA$6.18
Rogers Sugar
7D
1.0%
1Y
5.3%
PLCN
CA$0.10
Cannibble Food-Tech
7D
566.7%
1Y
n/a
SWP
CA$4.50
Swiss Water Decaffeinated Coffee
7D
1.4%
1Y
26.4%
CPKR
CA$16.23
Canada Packers
7D
-6.0%
1Y
n/a