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Canadian (TSX) Food Industry Analysis

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies21
  • 7D0.2%
  • 3M-2.9%
  • 1Y35.9%
  • YTD1.0%

The Food industry has been flat over the last week, but Premium Brands Holdings has lost 5.8%. The past year has been better, since the industry has gained 36% in that time. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Jun 2026CA$31.0bCA$40.1bCA$1.0b12.6x30.2x0.8x
Tue, 05 May 2026CA$30.1bCA$41.4bCA$1.0b10.8x29.4x0.7x
Thu, 02 Apr 2026CA$31.4bCA$41.4bCA$1.0b11.1x30.5x0.8x
Sat, 28 Feb 2026CA$30.8bCA$39.3bCA$1.3b13.4x24.6x0.8x
Mon, 26 Jan 2026CA$29.7bCA$39.5bCA$481.2m12.3x61.7x0.8x
Wed, 24 Dec 2025CA$29.0bCA$39.5bCA$480.9m12.1x60.4x0.7x
Fri, 21 Nov 2025CA$27.4bCA$39.4bCA$488.8m12.3x56.1x0.7x
Sun, 19 Oct 2025CA$26.0bCA$38.9bCA$457.0m12.1x56.9x0.7x
Tue, 16 Sep 2025CA$25.8bCA$37.0bCA$337.2m13.3x76.4x0.7x
Thu, 14 Aug 2025CA$24.9bCA$37.0bCA$318.9m18.4x78x0.7x
Sat, 12 Jul 2025CA$22.1bCA$36.5bCA$240.9m14x91.6x0.6x
Mon, 09 Jun 2025CA$20.9bCA$36.5bCA$256.1m12.1x81.6x0.6x
Wed, 07 May 2025CA$20.4bCA$35.8bCA$272.2m16.9x74.8x0.6x
Fri, 04 Apr 2025CA$20.5bCA$35.9bCA$275.0m12.6x74.6x0.6x
Sun, 02 Mar 2025CA$20.3bCA$35.7bCA$246.9m12.6x82.3x0.6x
Tue, 28 Jan 2025CA$19.1bCA$34.9bCA$576.7m25x33.1x0.5x
Thu, 26 Dec 2024CA$19.5bCA$34.9bCA$572.2m25x34.1x0.6x
Sat, 23 Nov 2024CA$20.2bCA$34.8bCA$568.5m25.7x35.5x0.6x
Mon, 21 Oct 2024CA$21.6bCA$34.3bCA$570.5m15.6x37.8x0.6x
Wed, 18 Sep 2024CA$21.9bCA$34.2bCA$567.6m15.6x38.6x0.6x
Fri, 16 Aug 2024CA$22.0bCA$34.3bCA$569.1m14.9x38.6x0.6x
Sun, 14 Jul 2024CA$23.2bCA$33.8bCA$493.0m10.9x47.1x0.7x
Tue, 11 Jun 2024CA$21.8bCA$33.9bCA$494.7m10.5x44x0.6x
Thu, 09 May 2024CA$20.4bCA$33.8bCA$546.0m11.5x37.4x0.6x
Sat, 06 Apr 2024CA$20.4bCA$33.8bCA$432.7m13.2x47.2x0.6x
Mon, 04 Mar 2024CA$20.7bCA$33.8bCA$432.2m13.9x47.8x0.6x
Wed, 31 Jan 2024CA$21.6bCA$34.1bCA$676.8m15.6x31.9x0.6x
Fri, 29 Dec 2023CA$20.6bCA$34.1bCA$662.2m15x31.1x0.6x
Sun, 26 Nov 2023CA$20.7bCA$34.1bCA$592.8m17.8x34.9x0.6x
Tue, 24 Oct 2023CA$20.7bCA$34.3bCA$348.6m27.1x59.3x0.6x
Thu, 21 Sep 2023CA$22.2bCA$34.2bCA$319.1m39.4x69.5x0.6x
Sat, 19 Aug 2023CA$22.2bCA$34.2bCA$318.0m18.7x69.9x0.6x
Mon, 17 Jul 2023CA$22.4bCA$34.1bCA$341.8m26.6x65.6x0.7x
Wed, 14 Jun 2023CA$23.4bCA$34.1bCA$354.5m26.3x66x0.7x
Price to Earnings Ratio

66x


Total Market Cap: CA$23.4bTotal Earnings: CA$354.5mTotal Revenue: CA$34.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Food Industry Price to Earnings3Y Average 53.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Food industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 30.3x which is lower than its 3-year average PE of 53.3x.
  • 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 43% per year over the last three years.
  • Revenues for these companies have grown 5.6% 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 Market-0.95%
Consumer Staples5.08%
Food0.18%
Agricultural Products0.47%
Packaged Foods and Meats0.18%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry even though it's trading below its 3-year average PE ratio of 53.0x.
    • Analysts are expecting annual earnings growth of 26.7%, which is higher than its past year's earnings growth of 0.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings growth rate of 0.9% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 27% 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$42.841.4%
+CA$211.4m		64.5%PE24.9x
MFI Maple Leaf FoodsCA$30.672.4%
+CA$90.9m		12.2%PE51.6x
AGTF AGT Food and IngredientsCA$17.454.6%
+CA$51.4m		n/aPS0.4x
RSI Rogers SugarCA$6.791.2%
+CA$10.3m		21.3%PE12.6x
ESBL Eshbal Functional FoodCA$0.1720.7%
+CA$2.5m		-12.5%PS0.7x

Latest News

SAP
CA$42.84
Saputo
7D
1.4%
1Y
64.5%
MFI
CA$30.67
Maple Leaf Foods
7D
2.4%
1Y
12.2%
Narrative Update • Jun 06

MFI: Spin Off And Buyback Plan Will Reset Future P/E

Analysts have nudged their fair value estimate for Maple Leaf Foods higher from CA$36.00 to CA$37.60, citing fresh price target increases across the Street and confidence that the company can build on its Canadian market share while improving its niche in the U.S. following the Canada Packers spin off. Analyst Commentary Recent research updates on Maple Leaf Foods have focused on how the Canada Packers spin off might support execution on growth plans, both in Canada and the U.S., and how that feeds into valuation targets across the Street.
HLF
CA$14.51
High Liner Foods
7D
-1.2%
1Y
-23.4%
Narrative Update • Jun 06

HLF: Cost Actions And New Meals Will Drive Future Repricing

Analysts have trimmed their average price target on High Liner Foods to CA$16.50 from CA$17.00, reflecting updated views on revenue growth, profit margins, the discount rate and future P/E assumptions. Analyst Commentary Recent research updates show a cluster of price target revisions around CA$16.50, which gives you a clearer sense of how the Street is framing the risk and reward for High Liner Foods at current levels.
OGO
CA$0.71
Organto Foods
7D
-10.1%
1Y
173.1%
PBH
CA$85.68
Premium Brands Holdings
7D
-5.8%
1Y
6.9%
Narrative Update • Jun 04

PBH: U.S. Expansion And Higher Margins Will Support Future Share Repricing

Premium Brands Holdings' updated analyst price target has moved to CA$146.71 from CA$155.88, with analysts pointing to revised assumptions around growth, margins, discount rate and future P/E, alongside a series of recent target changes across major brokerages. Analyst Commentary Recent Street research around Premium Brands Holdings has centered on a series of recalibrated price targets, with some earlier cuts followed by a fresh round of upward revisions.
LAS.A
CA$220.29
Lassonde Industries
7D
-0.4%
1Y
4.4%
Narrative Update • Jun 02

LAS.A: Higher 2026 Sales Ambition And P/E Repricing Will Support Confidence

Analysts have inched their fair value estimate for Lassonde Industries higher, lifting the price target by CA$0.50 to CA$276.25. They cite recent Street research, including a CA$15 target increase at Stifel, as support for a modestly higher assumed future P/E and refreshed growth and margin assumptions.
CPKR
CA$19.17
Canada Packers
7D
-0.8%
1Y
n/a
ESBL
CA$0.17
Eshbal Functional Food
7D
20.7%
1Y
-12.5%
FRSH
CA$0.84
Fresh Factory B.C
7D
1.2%
1Y
-3.4%
RSI
CA$6.79
Rogers Sugar
7D
1.2%
1Y
21.3%
BOIL
CA$2.44
Beyond Oil
7D
-7.2%
1Y
-25.6%
SWP
CA$5.65
Swiss Water Decaffeinated Coffee
7D
-2.2%
1Y
71.2%
AGTF
CA$17.45
AGT Food and Ingredients
7D
4.6%
1Y
n/a
IRO
CA$1.02
Inter-Rock Minerals
7D
1.0%
1Y
20.0%
NPRA
CA$0.32
Nepra Foods
7D
-31.9%
1Y
220.0%