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Canadian (TSX) Food Industry Analysis

UpdatedJun 04, 2026
DataAggregated Company Financials
Companies21
  • 7D2.1%
  • 3M-2.0%
  • 1Y35.2%
  • YTD2.1%

In the last week, the Food industry is up 2.1%, with Saputo up 3.3%. In the last 12 months, the industry was up 35%. Looking forward, earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Jun 2026CA$31.0bCA$41.5bCA$980.4m12.5x31.6x0.7x
Sat, 02 May 2026CA$30.1bCA$41.4bCA$1.0b10.9x29.5x0.7x
Mon, 30 Mar 2026CA$31.0bCA$41.4bCA$1.0b11.1x30.1x0.7x
Wed, 25 Feb 2026CA$30.8bCA$39.2bCA$1.2b13.2x24.7x0.8x
Fri, 23 Jan 2026CA$29.7bCA$39.5bCA$481.2m12.2x61.6x0.8x
Sun, 21 Dec 2025CA$28.7bCA$39.5bCA$479.0m12x59.9x0.7x
Tue, 18 Nov 2025CA$26.6bCA$39.4bCA$499.9m12.2x53.3x0.7x
Thu, 16 Oct 2025CA$25.7bCA$38.9bCA$457.1m12x56.1x0.7x
Sat, 13 Sep 2025CA$26.0bCA$37.0bCA$337.5m12.8x76.9x0.7x
Mon, 11 Aug 2025CA$24.5bCA$37.0bCA$308.0m17.9x79.6x0.7x
Wed, 09 Jul 2025CA$21.6bCA$36.5bCA$241.0m14.1x89.6x0.6x
Fri, 06 Jun 2025CA$21.2bCA$36.3bCA$273.8m12.1x77.3x0.6x
Sun, 04 May 2025CA$20.4bCA$35.8bCA$274.2m15.5x74.4x0.6x
Tue, 01 Apr 2025CA$20.1bCA$35.9bCA$275.2m12.6x73x0.6x
Thu, 27 Feb 2025CA$20.1bCA$35.7bCA$246.2m12.8x81.8x0.6x
Sat, 25 Jan 2025CA$19.0bCA$34.9bCA$576.5m25x32.9x0.5x
Mon, 23 Dec 2024CA$19.6bCA$34.9bCA$573.4m35.4x34.1x0.6x
Wed, 20 Nov 2024CA$20.3bCA$34.8bCA$568.1m25.7x35.7x0.6x
Fri, 18 Oct 2024CA$21.5bCA$34.3bCA$570.4m15.6x37.6x0.6x
Sun, 15 Sep 2024CA$21.9bCA$34.2bCA$567.6m15.6x38.5x0.6x
Tue, 13 Aug 2024CA$22.2bCA$34.2bCA$568.3m14.8x39.1x0.6x
Thu, 11 Jul 2024CA$22.7bCA$33.8bCA$492.9m10.8x46.1x0.7x
Sat, 08 Jun 2024CA$21.1bCA$33.8bCA$491.6m10.4x43x0.6x
Mon, 06 May 2024CA$20.4bCA$33.8bCA$545.9m11.1x37.4x0.6x
Wed, 03 Apr 2024CA$20.4bCA$33.8bCA$432.5m13.2x47.2x0.6x
Fri, 01 Mar 2024CA$21.1bCA$33.8bCA$432.6m13.7x48.7x0.6x
Sun, 28 Jan 2024CA$21.5bCA$34.1bCA$677.5m15.7x31.8x0.6x
Tue, 26 Dec 2023CA$20.6bCA$34.1bCA$662.3m14.9x31.1x0.6x
Thu, 23 Nov 2023CA$20.8bCA$34.1bCA$592.9m17.6x35.2x0.6x
Sat, 21 Oct 2023CA$20.5bCA$34.3bCA$348.6m27x58.9x0.6x
Mon, 18 Sep 2023CA$22.5bCA$34.2bCA$319.2m40.6x70.6x0.7x
Wed, 16 Aug 2023CA$22.4bCA$34.2bCA$317.3m19x70.6x0.7x
Fri, 14 Jul 2023CA$22.4bCA$34.1bCA$341.5m26.5x65.5x0.7x
Sun, 11 Jun 2023CA$23.0bCA$34.1bCA$354.7m26x65x0.7x
Price to Earnings Ratio

65x


Total Market Cap: CA$23.0bTotal Earnings: CA$354.7mTotal Revenue: CA$34.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Food Industry Price to Earnings3Y Average 53.5x202420252026
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 31.6x which is lower than its 3-year average PE of 53.5x.
  • 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 40% per year over the last three years.
  • Revenues for these companies have grown 6.8% 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 Market0.85%
Consumer Staples2.01%
Food2.15%
Packaged Foods and Meats2.17%
Agricultural Products-12.71%
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 53.1x.
    • Analysts are expecting annual earnings growth of 30.4%, 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 30% 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 30% 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$42.913.3%
+CA$545.5m		62.4%PE26.7x
AGTF AGT Food and IngredientsCA$18.109.6%
+CA$107.5m		n/aPS0.5x
MFI Maple Leaf FoodsCA$30.262.0%
+CA$74.7m		8.8%PE50.9x
LAS.A Lassonde IndustriesCA$221.111.4%
+CA$20.7m		2.7%PE9.3x
CPKR Canada PackersCA$19.340.7%
+CA$3.9m		n/aPE4.9x

Latest News

LAS.A
CA$221.11
Lassonde Industries
7D
1.4%
1Y
2.7%
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$19.34
Canada Packers
7D
0.7%
1Y
n/a
MFI
CA$30.26
Maple Leaf Foods
7D
2.0%
1Y
8.8%
ESBL
CA$0.17
Eshbal Functional Food
7D
20.7%
1Y
-7.9%
FRSH
CA$0.85
Fresh Factory B.C
7D
-10.5%
1Y
-2.3%
OGO
CA$0.75
Organto Foods
7D
-6.3%
1Y
111.3%
RSI
CA$6.77
Rogers Sugar
7D
-0.6%
1Y
19.4%
BOIL
CA$2.49
Beyond Oil
7D
-7.1%
1Y
-28.7%
SAP
CA$42.91
Saputo
7D
3.3%
1Y
62.4%
Narrative Update • May 23

SAP: Fair Value View Will Rely On Margin Execution And Earnings Reliability

Analysts have maintained their CA$41.00 price target on Saputo, incorporating slightly revised assumptions on the discount rate, revenue trends, margin profile, and future P/E. These adjustments reflect a more cautious stance following a recent downgrade highlighted in Street research.
AGTF
CA$18.10
AGT Food and Ingredients
7D
9.6%
1Y
n/a
PBH
CA$91.44
Premium Brands Holdings
7D
-0.8%
1Y
12.5%
Narrative Update • May 21

PBH: Future Upside Will Hinge On 2026 Margin And Guidance Delivery

Analysts have lifted the fair value estimate for Premium Brands Holdings by CA$8 to CA$108, reflecting updated assumptions on revenue growth, margins and long term P/E, as well as a series of recent price target increases across major Canadian banks. Analyst Commentary Recent Street research presents a mixed backdrop for Premium Brands Holdings, with several firms revising price targets.
HLF
CA$14.45
High Liner Foods
7D
-0.9%
1Y
-18.5%
MEAT
CA$0.095
Modern Plant Based Foods
7D
35.7%
1Y
26.7%
TRIP
CA$0.035
Red Light Holland
7D
-22.2%
1Y
0%
BPC
CA$0.50
Precision Peptide
7D
4.2%
1Y
42.9%
NPRA
CA$0.41
Nepra Foods
7D
-19.0%
1Y
326.3%