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Canadian (TSX) Energy Sector Analysis

UpdatedMay 11, 2026
DataAggregated Company Financials
Companies203
  • 7D-2.7%
  • 3M12.4%
  • 1Y50.2%
  • YTD25.7%

Over the last 7 days, the Energy industry has dropped 2.7%, driven by pullbacks in Canadian Natural Resources and Suncor Energy of 4.6% and 4.5%, respectively. In the past year, the industry has gained 50%. Looking forward, earnings are forecast to grow by 9.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 12 May 2026CA$978.8bCA$369.0bCA$40.7b18.2x24x2.7x
Thu, 09 Apr 2026CA$1.0tCA$362.9bCA$42.1b16.8x23.8x2.8x
Sat, 07 Mar 2026CA$931.9bCA$363.6bCA$43.3b17.1x21.5x2.6x
Mon, 02 Feb 2026CA$845.2bCA$375.3bCA$38.6b15.4x21.9x2.3x
Wed, 31 Dec 2025CA$768.6bCA$377.6bCA$39.5b14x19.5x2x
Fri, 28 Nov 2025CA$784.6bCA$378.8bCA$39.5b14.1x19.9x2.1x
Sun, 26 Oct 2025CA$764.8bCA$411.7bCA$44.8b12.5x17.1x1.9x
Tue, 23 Sep 2025CA$767.2bCA$410.8bCA$44.9b11.9x17.1x1.9x
Thu, 21 Aug 2025CA$715.0bCA$410.9bCA$44.8b10.8x16x1.7x
Sat, 19 Jul 2025CA$707.5bCA$414.2bCA$43.8b11.8x16.2x1.7x
Mon, 16 Jun 2025CA$765.6bCA$414.1bCA$43.8b12.7x17.5x1.8x
Wed, 14 May 2025CA$667.9bCA$413.8bCA$42.3b10.2x15.8x1.6x
Fri, 11 Apr 2025CA$624.7bCA$406.5bCA$39.7b9.9x15.7x1.5x
Sun, 09 Mar 2025CA$649.3bCA$407.3bCA$39.5b10.6x16.4x1.6x
Tue, 04 Feb 2025CA$690.2bCA$408.0bCA$46.0b10.3x15x1.7x
Thu, 02 Jan 2025CA$690.2bCA$408.2bCA$46.2b10.6x14.9x1.7x
Sat, 30 Nov 2024CA$719.2bCA$407.8bCA$46.2b10.8x15.6x1.8x
Mon, 28 Oct 2024CA$706.1bCA$405.7bCA$45.0b10.8x15.7x1.7x
Wed, 25 Sep 2024CA$662.7bCA$405.8bCA$45.0b9.9x14.7x1.6x
Fri, 23 Aug 2024CA$674.5bCA$405.9bCA$45.0b10.3x15x1.7x
Sun, 21 Jul 2024CA$667.4bCA$394.7bCA$45.2b11x14.8x1.7x
Tue, 18 Jun 2024CA$645.9bCA$394.4bCA$45.2b10.3x14.3x1.6x
Thu, 16 May 2024CA$682.7bCA$396.1bCA$46.1b10.4x14.8x1.7x
Sat, 13 Apr 2024CA$689.4bCA$395.5bCA$49.9b9.6x13.8x1.7x
Mon, 11 Mar 2024CA$633.2bCA$392.8bCA$50.1b8.2x12.6x1.6x
Wed, 07 Feb 2024CA$602.1bCA$411.8bCA$48.4b6.7x12.4x1.5x
Fri, 05 Jan 2024CA$622.5bCA$414.2bCA$48.9b6.8x12.7x1.5x
Sun, 03 Dec 2023CA$634.0bCA$414.4bCA$49.0b7x12.9x1.5x
Tue, 31 Oct 2023CA$630.5bCA$427.6bCA$56.1b6.4x11.2x1.5x
Thu, 28 Sep 2023CA$641.8bCA$428.2bCA$56.7b6.8x11.3x1.5x
Sat, 26 Aug 2023CA$606.7bCA$428.4bCA$56.7b6.2x10.7x1.4x
Mon, 24 Jul 2023CA$586.4bCA$462.9bCA$68.5b5.6x8.6x1.3x
Wed, 21 Jun 2023CA$558.2bCA$463.0bCA$68.6b5x8.1x1.2x
Fri, 19 May 2023CA$562.9bCA$464.5bCA$69.0b5x8.2x1.2x
Price to Earnings Ratio

8.2x


Total Market Cap: CA$562.9bTotal Earnings: CA$69.0bTotal Revenue: CA$464.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Sector Price to Earnings3Y Average 19x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.0x which is higher than its 3-year average PE of 19.0x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 16% per year over the last three years,
  • Revenues have also declined 7.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

CA Market1.07%
Energy-2.71%
Oil and Gas-2.68%
Energy Services-3.79%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 12.7x.
    • Analysts are expecting annual earnings growth of 26.5%, which is higher than its past year's earnings decline of 23.6% per year.
  • Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 19.2x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 24% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 9.4% 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
CCO CamecoCA$164.542.1%
+CA$1.4b		130.0%PE110.2x
NXE NexGen EnergyCA$17.302.1%
+CA$245.8m		117.1%PB6.7x
EFR Energy FuelsCA$30.032.1%
+CA$200.5m		359.2%PS64.6x
ISO IsoEnergyCA$18.0913.9%
+CA$133.9m		94.9%PB2.3x
DML Denison MinesCA$5.252.7%
+CA$126.6m		140.8%PS965x

Latest News

BTE
CA$6.57
Baytex Energy
7D
-5.5%
1Y
166.0%
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IMO
CA$177.88
Imperial Oil
7D
0.1%
1Y
75.3%
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SCR
CA$43.48
Strathcona Resources
7D
-3.6%
1Y
66.7%
EFR
CA$30.03
Energy Fuels
7D
2.1%
1Y
359.2%
CVE
CA$39.83
Cenovus Energy
7D
-2.4%
1Y
107.9%
CNQ
CA$61.76
Canadian Natural Resources
7D
-4.6%
1Y
40.5%
SOBO
CA$48.44
South Bow
7D
1.1%
1Y
37.8%
TOU
CA$65.87
Tourmaline Oil
7D
-1.5%
1Y
3.4%
SU
CA$89.08
Suncor Energy
7D
-4.5%
1Y
77.6%
ARX
CA$30.94
ARC Resources
7D
-2.7%
1Y
12.0%
TVE
CA$12.30
Tamarack Valley Energy
7D
-4.1%
1Y
197.1%
NXE
CA$17.30
NexGen Energy
7D
2.1%
1Y
117.1%
URC
CA$5.98
Uranium Royalty
7D
15.2%
1Y
119.9%
CCO
CA$164.54
Cameco
7D
2.1%
1Y
130.0%
ISO
CA$18.09
IsoEnergy
7D
13.9%
1Y
94.9%
DML
CA$5.25
Denison Mines
7D
2.7%
1Y
140.8%