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Canadian (TSX) Energy Sector Analysis

UpdatedJul 15, 2025
DataAggregated Company Financials
Companies214
  • 7D2.5%
  • 3M14.0%
  • 1Y4.8%
  • YTD1.6%

Over the last 7 days, the Energy industry has risen 2.5%, driven by gains in Suncor Energy and Enbridge of 5.6% and 2.7%, respectively. In the last 12 months, the industry was up 4.8%. Earnings are forecast to grow by 6.2% annually.

Sector Valuation and Performance

Has the Canadian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Jul 2025CA$705.8bCA$414.2bCA$43.8b12.1x16.1x1.7x
Fri, 13 Jun 2025CA$750.9bCA$414.1bCA$43.8b12.4x17.1x1.8x
Sun, 11 May 2025CA$668.4bCA$417.8bCA$42.7b9.8x15.7x1.6x
Tue, 08 Apr 2025CA$626.3bCA$406.7bCA$39.7b10.1x15.8x1.5x
Thu, 06 Mar 2025CA$641.2bCA$405.5bCA$40.1b10.4x16x1.6x
Sat, 01 Feb 2025CA$706.8bCA$408.0bCA$46.0b10.5x15.4x1.7x
Mon, 30 Dec 2024CA$681.1bCA$408.2bCA$46.2b10.4x14.7x1.7x
Wed, 27 Nov 2024CA$724.6bCA$407.9bCA$46.2b10.8x15.7x1.8x
Fri, 25 Oct 2024CA$697.9bCA$405.7bCA$45.0b10.6x15.5x1.7x
Sun, 22 Sep 2024CA$656.5bCA$405.9bCA$45.0b9.7x14.6x1.6x
Tue, 20 Aug 2024CA$686.5bCA$405.8bCA$45.1b10.3x15.2x1.7x
Thu, 18 Jul 2024CA$671.9bCA$394.7bCA$45.2b10.9x14.9x1.7x
Sat, 15 Jun 2024CA$650.6bCA$394.4bCA$45.2b10.3x14.4x1.6x
Mon, 13 May 2024CA$690.0bCA$395.9bCA$46.8b9.8x14.8x1.7x
Wed, 10 Apr 2024CA$690.2bCA$395.4bCA$49.9b9.8x13.8x1.7x
Fri, 08 Mar 2024CA$637.5bCA$393.0bCA$50.4b8.2x12.7x1.6x
Sun, 04 Feb 2024CA$607.7bCA$413.3bCA$48.6b6.7x12.5x1.5x
Tue, 02 Jan 2024CA$610.2bCA$414.0bCA$48.9b6.7x12.5x1.5x
Thu, 30 Nov 2023CA$628.4bCA$414.6bCA$49.0b6.9x12.8x1.5x
Sat, 28 Oct 2023CA$632.7bCA$429.0bCA$56.6b6.5x11.2x1.5x
Mon, 25 Sep 2023CA$624.7bCA$428.2bCA$56.7b6.4x11x1.5x
Wed, 23 Aug 2023CA$607.2bCA$428.3bCA$56.7b6.1x10.7x1.4x
Fri, 21 Jul 2023CA$580.8bCA$462.8bCA$68.5b5.5x8.5x1.3x
Sun, 18 Jun 2023CA$566.7bCA$463.0bCA$68.6b5x8.3x1.2x
Tue, 16 May 2023CA$569.3bCA$466.5bCA$68.7b4.8x8.3x1.2x
Thu, 13 Apr 2023CA$603.4bCA$474.0bCA$70.6b5.5x8.5x1.3x
Sat, 11 Mar 2023CA$597.4bCA$473.5bCA$71.0b5.5x8.4x1.3x
Mon, 06 Feb 2023CA$607.6bCA$461.6bCA$75.9b5.7x8x1.3x
Wed, 04 Jan 2023CA$582.1bCA$459.8bCA$75.1b5.8x7.7x1.3x
Fri, 02 Dec 2022CA$639.5bCA$459.1bCA$75.0b6.2x8.5x1.4x
Sun, 30 Oct 2022CA$637.9bCA$431.9bCA$65.4b6.8x9.8x1.5x
Tue, 27 Sep 2022CA$539.5bCA$425.9bCA$64.9b6.1x8.3x1.3x
Thu, 25 Aug 2022CA$639.6bCA$424.3bCA$64.4b7.4x9.9x1.5x
Sat, 23 Jul 2022CA$589.6bCA$369.2bCA$52.3b8.2x11.3x1.6x
Price to Earnings Ratio

11.3x


Total Market Cap: CA$589.6bTotal Earnings: CA$52.3bTotal Revenue: CA$369.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Sector Price to Earnings3Y Average 16x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Energy 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 16.0x.
  • The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 5.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.9% 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, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Canadian Energy sector?

CA Market0.99%
Energy2.50%
Oil and Gas2.52%
Energy Services1.51%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry, which is trading close to its 3-year average PE ratio of 16.1x.
    • Analysts are expecting annual earnings growth of 6.0%, which is higher than its past year's earnings growth of 3.9% per year.
  • Investors are most pessimistic about the Energy Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.7x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 9.2% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 6.0% 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
ENB EnbridgeCA$62.102.6%
+CA$3.4b		26.2%PE23x
CCO CamecoCA$103.995.6%
+CA$2.4b		48.1%PE182x
TRP TC EnergyCA$66.693.1%
+CA$2.1b		22.1%PE16.6x
SU Suncor EnergyCA$54.101.8%
+CA$1.2b		3.0%PE10.9x
IMO Imperial OilCA$112.702.1%
+CA$1.2b		16.7%PE11.7x

Latest News

TRP
CA$66.69
TC Energy
7D
3.1%
1Y
22.1%

Here's Why We Think TC Energy (TSE:TRP) Might Deserve Your Attention Today

Jul 15
Here's Why We Think TC Energy (TSE:TRP) Might Deserve Your Attention Today
EFR
CA$10.62
Energy Fuels
7D
33.2%
1Y
20.4%
CNQ
CA$42.97
Canadian Natural Resources
7D
-2.3%
1Y
-12.6%
CVE
CA$19.50
Cenovus Energy
7D
-2.5%
1Y
-30.1%
TVK
CA$161.32
TerraVest Industries
7D
-2.9%
1Y
115.7%

TerraVest Industries Inc. (TSE:TVK) Not Flying Under The Radar

Jul 10
TerraVest Industries Inc. (TSE:TVK) Not Flying Under The Radar
ATH
CA$5.57
Athabasca Oil
7D
-3.0%
1Y
4.3%
ENB
CA$62.10
Enbridge
7D
2.6%
1Y
26.2%

Here's What To Make Of Enbridge's (TSE:ENB) Decelerating Rates Of Return

Jul 09
Here's What To Make Of Enbridge's (TSE:ENB) Decelerating Rates Of Return
PPL
CA$51.04
Pembina Pipeline
7D
1.9%
1Y
-0.6%
FEC
CA$6.04
Frontera Energy
7D
-11.7%
1Y
-24.8%
SCR
CA$32.52
Strathcona Resources
7D
8.1%
1Y
1.8%
ARX
CA$27.47
ARC Resources
7D
-2.1%
1Y
15.7%
IMO
CA$112.70
Imperial Oil
7D
2.1%
1Y
16.7%

Imperial Oil Limited's (TSE:IMO) Earnings Are Not Doing Enough For Some Investors

Jul 01
Imperial Oil Limited's (TSE:IMO) Earnings Are Not Doing Enough For Some Investors
CCO
CA$103.99
Cameco
7D
5.6%
1Y
48.1%

Cameco Corporation's (TSE:CCO) P/S Is Still On The Mark Following 26% Share Price Bounce

Jul 01
Cameco Corporation's (TSE:CCO) P/S Is Still On The Mark Following 26% Share Price Bounce
BTE
CA$2.58
Baytex Energy
7D
-4.8%
1Y
-49.9%

Baytex Energy Corp. (TSE:BTE) Held Back By Insufficient Growth Even After Shares Climb 25%

Jun 22
Baytex Energy Corp. (TSE:BTE) Held Back By Insufficient Growth Even After Shares Climb 25%
TOU
CA$62.25
Tourmaline Oil
7D
-1.8%
1Y
1.7%
SU
CA$54.10
Suncor Energy
7D
1.8%
1Y
3.0%