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Canadian (TSX) Energy Sector Analysis

UpdatedAug 30, 2025
DataAggregated Company Financials
Companies211
  • 7D1.0%
  • 3M10.6%
  • 1Y9.9%
  • YTD6.9%

Imperial Oil is up 3.2%, leading the way for the Energy industry, which has gained 1.0%. This means that the industry has gained 9.9% over the past year. Earnings are forecast to grow by 3.9% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 30 Aug 2025CA$745.6bCA$410.8bCA$44.8b11.1x16.6x1.8x
Mon, 28 Jul 2025CA$713.7bCA$414.6bCA$43.8b11.9x16.3x1.7x
Wed, 25 Jun 2025CA$698.7bCA$414.3bCA$43.8b12.1x16x1.7x
Fri, 23 May 2025CA$674.0bCA$414.3bCA$43.9b11x15.4x1.6x
Sun, 20 Apr 2025CA$641.6bCA$406.4bCA$39.7b10.2x16.2x1.6x
Tue, 18 Mar 2025CA$665.2bCA$407.3bCA$39.1b11.4x17x1.6x
Thu, 13 Feb 2025CA$709.0bCA$407.9bCA$43.9b10.9x16.2x1.7x
Sat, 11 Jan 2025CA$715.5bCA$408.2bCA$46.2b11x15.5x1.8x
Mon, 09 Dec 2024CA$708.6bCA$407.9bCA$46.2b10.5x15.3x1.7x
Wed, 06 Nov 2024CA$689.6bCA$407.0bCA$44.6b10.6x15.5x1.7x
Fri, 04 Oct 2024CA$676.8bCA$405.6bCA$44.9b10.3x15.1x1.7x
Sun, 01 Sep 2024CA$679.8bCA$405.8bCA$45.0b10.2x15.1x1.7x
Tue, 30 Jul 2024CA$669.8bCA$395.4bCA$45.2b10.7x14.8x1.7x
Thu, 27 Jun 2024CA$656.5bCA$394.4bCA$45.2b10.6x14.5x1.7x
Sat, 25 May 2024CA$683.0bCA$396.1bCA$45.8b10.9x14.9x1.7x
Mon, 22 Apr 2024CA$676.5bCA$395.6bCA$50.0b9.1x13.5x1.7x
Wed, 20 Mar 2024CA$651.2bCA$391.0bCA$49.7b8.9x13.1x1.7x
Fri, 16 Feb 2024CA$598.1bCA$409.7bCA$51.3b7x11.7x1.5x
Sun, 14 Jan 2024CA$624.9bCA$414.3bCA$48.9b7x12.8x1.5x
Tue, 12 Dec 2023CA$608.1bCA$414.6bCA$49.0b6.5x12.4x1.5x
Thu, 09 Nov 2023CA$628.4bCA$421.7bCA$49.0b6.4x12.8x1.5x
Sat, 07 Oct 2023CA$613.1bCA$428.5bCA$56.8b6.5x10.8x1.4x
Mon, 04 Sep 2023CA$635.6bCA$428.4bCA$56.8b6.8x11.2x1.5x
Wed, 02 Aug 2023CA$599.9bCA$446.1bCA$62.1b6x9.7x1.3x
Fri, 30 Jun 2023CA$564.3bCA$463.1bCA$68.6b5.2x8.2x1.2x
Sun, 28 May 2023CA$563.7bCA$463.9bCA$68.9b4.9x8.2x1.2x
Tue, 25 Apr 2023CA$598.5bCA$474.3bCA$70.7b5.4x8.5x1.3x
Thu, 23 Mar 2023CA$559.8bCA$474.3bCA$70.7b5.5x7.9x1.2x
Sat, 18 Feb 2023CA$596.9bCA$465.9bCA$72.8b5.3x8.2x1.3x
Mon, 16 Jan 2023CA$617.4bCA$459.2bCA$75.0b6x8.2x1.3x
Wed, 14 Dec 2022CA$610.1bCA$459.4bCA$75.0b5.7x8.1x1.3x
Fri, 11 Nov 2022CA$649.7bCA$453.7bCA$73.9b6.9x8.8x1.4x
Sun, 09 Oct 2022CA$613.2bCA$425.9bCA$64.8b6.8x9.5x1.4x
Tue, 06 Sep 2022CA$617.0bCA$424.8bCA$64.6b7x9.6x1.5x
Price to Earnings Ratio

9.6x


Total Market Cap: CA$617.0bTotal Earnings: CA$64.6bTotal Revenue: CA$424.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Sector Price to Earnings3Y Average 16.3x202320242025
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 16.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 11% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Market0.87%
Energy1.01%
Oil and Gas1.02%
Energy Services0.26%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry, which is trading close to its 3-year average PE ratio of 16.4x.
    • Analysts are expecting annual earnings growth of 3.7%, which is lower than the prior year's growth of 7.8% 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 10.6x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 17% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 3.7% 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
IMO Imperial OilCA$124.623.2%
+CA$2.0b		22.8%PE13.5x
SU Suncor EnergyCA$56.772.7%
+CA$1.8b		3.9%PE12.2x
CCO CamecoCA$106.242.5%
+CA$1.1b		93.2%PE86.7x
CNQ Canadian Natural ResourcesCA$43.491.0%
+CA$877.3m		-10.8%PE10.9x
TRP TC EnergyCA$71.521.0%
+CA$748.8m		14.6%PE17.5x

Latest News

SCR
CA$38.18
Strathcona Resources
7D
-1.9%
1Y
23.2%
TOU
CA$58.32
Tourmaline Oil
7D
1.6%
1Y
-5.0%
NXE
CA$10.81
NexGen Energy
7D
10.3%
1Y
33.3%
IMO
CA$124.62
Imperial Oil
7D
3.2%
1Y
22.8%
SU
CA$56.77
Suncor Energy
7D
2.7%
1Y
3.9%
CVE
CA$22.84
Cenovus Energy
7D
0.7%
1Y
-8.6%

Narrows Lake And West White Rose Will Secure Long-Life Production

Analysts have raised Cenovus Energy’s price target to CA$27.40, citing confidence in value creation from recent acquisitions—particularly the MEG Energy takeover—and execution on strategic priorities. Analyst Commentary Bullish analysts are raising price targets in recognition of Cenovus Energy’s value creation through its successful track record of upstream acquisitions.
PEY
CA$18.69
Peyto Exploration & Development
7D
-1.7%
1Y
28.3%

Peyto Exploration & Development (TSE:PEY) Will Pay A Dividend Of CA$0.11

Aug 21
Peyto Exploration & Development (TSE:PEY) Will Pay A Dividend Of CA$0.11
CNQ
CA$43.49
Canadian Natural Resources
7D
1.0%
1Y
-10.8%
TVE
CA$5.39
Tamarack Valley Energy
7D
-1.8%
1Y
36.1%
TRP
CA$71.52
TC Energy
7D
1.0%
1Y
14.6%
KEY
CA$44.25
Keyera
7D
-2.6%
1Y
9.6%
ARX
CA$26.43
ARC Resources
7D
-1.7%
1Y
6.0%
PPL
CA$51.87
Pembina Pipeline
7D
-1.5%
1Y
-4.5%
NVA
CA$14.60
NuVista Energy
7D
-1.7%
1Y
14.3%
CCO
CA$106.24
Cameco
7D
2.5%
1Y
93.2%
ATH
CA$6.02
Athabasca Oil
7D
-1.8%
1Y
11.1%