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Canadian (TSX) Integrated Oil and Gas Industry Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies4
  • 7D1.2%
  • 3M21.5%
  • 1Y48.6%
  • YTDn/a

In the last week, the Integrated Oil and Gas industry is up 1.2%, with Cenovus Energy up 3.3%. In the last 12 months, the industry was up 49%. Looking forward, earnings are forecast to grow by 5.0% annually.

Industry Valuation and Performance

Has the Canadian Integrated Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026CA$233.4bCA$145.7bCA$13.1b15.3x17.8x1.6x
Tue, 20 Jan 2026CA$198.6bCA$149.6bCA$12.4b15.9x16.1x1.3x
Thu, 18 Dec 2025CA$173.3bCA$149.6bCA$12.4b14.1x14x1.2x
Sat, 15 Nov 2025CA$184.9bCA$149.6bCA$12.4b14.3x15x1.2x
Mon, 13 Oct 2025CA$173.0bCA$151.8bCA$13.0b13.2x13.3x1.1x
Wed, 10 Sep 2025CA$172.8bCA$151.8bCA$13.0b13.4x13.3x1.1x
Fri, 08 Aug 2025CA$162.1bCA$151.8bCA$13.0b12.6x12.5x1.1x
Sun, 06 Jul 2025CA$154.7bCA$157.1bCA$13.7b11.5x11.3x1x
Tue, 03 Jun 2025CA$142.7bCA$157.1bCA$13.7b10.4x10.4x0.9x
Thu, 01 May 2025CA$140.7bCA$156.7bCA$13.9b9.9x10.1x0.9x
Sat, 29 Mar 2025CA$157.9bCA$156.7bCA$13.9b11.3x11.4x1x
Mon, 24 Feb 2025CA$158.2bCA$157.2bCA$13.9b11.6x11.3x1x
Wed, 22 Jan 2025CA$164.0bCA$158.7bCA$16.6b10.6x9.9x1x
Fri, 20 Dec 2024CA$149.6bCA$158.7bCA$16.6b9.5x9x0.9x
Sun, 17 Nov 2024CA$166.1bCA$158.7bCA$16.6b10.9x10x1x
Tue, 15 Oct 2024CA$171.8bCA$159.5bCA$17.5b9.5x9.8x1.1x
Thu, 12 Sep 2024CA$150.0bCA$159.5bCA$17.5b8.6x8.6x0.9x
Sat, 10 Aug 2024CA$168.7bCA$159.5bCA$17.6b9.9x9.6x1.1x
Mon, 08 Jul 2024CA$166.0bCA$154.1bCA$17.3b10.4x9.6x1.1x
Wed, 05 Jun 2024CA$166.4bCA$154.1bCA$17.3b9.9x9.6x1.1x
Fri, 03 May 2024CA$168.6bCA$153.7bCA$17.8b9.2x9.5x1.1x
Sun, 31 Mar 2024CA$165.0bCA$152.4bCA$17.3b9x9.6x1.1x
Tue, 27 Feb 2024CA$148.9bCA$152.7bCA$17.4b8.2x8.6x1x
Thu, 25 Jan 2024CA$132.8bCA$155.8bCA$17.7b7.2x7.5x0.9x
Sat, 23 Dec 2023CA$137.1bCA$155.8bCA$17.7b7.2x7.7x0.9x
Mon, 20 Nov 2023CA$151.7bCA$155.8bCA$17.7b7.9x8.6x1x
Wed, 18 Oct 2023CA$162.8bCA$162.2bCA$15.7b9.2x10.3x1x
Fri, 15 Sep 2023CA$158.7bCA$162.2bCA$15.7b9.1x10.1x1x
Sun, 13 Aug 2023CA$149.7bCA$166.7bCA$17.9b7.2x8.4x0.9x
Tue, 11 Jul 2023CA$132.4bCA$179.1bCA$21.2b5.6x6.3x0.7x
Thu, 08 Jun 2023CA$134.9bCA$179.1bCA$21.2b5.9x6.4x0.8x
Sat, 06 May 2023CA$129.6bCA$180.6bCA$22.1b5.3x5.9x0.7x
Mon, 03 Apr 2023CA$140.7bCA$185.1bCA$23.0b5.8x6.1x0.8x
Wed, 01 Mar 2023CA$148.4bCA$184.6bCA$22.8b6.7x6.5x0.8x
Price to Earnings Ratio

6.5x


Total Market Cap: CA$148.4bTotal Earnings: CA$22.8bTotal Revenue: CA$184.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Integrated Oil and Gas Industry Price to Earnings3Y Average 10.1x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Integrated Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 17.8x which is higher than its 3-year average PE of 10.0x.
  • The 3-year average PS ratio of 1.00x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Integrated Oil and Gas industry have declined 17% per year over the last three years,
  • Revenues have also declined 7.6% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Canadian Integrated Oil and Gas compare with similar industries?

CA Market1.43%
Energy1.32%
Oil and Gas1.31%
Integrated Oil and Gas1.17%
Coal and Fuels7.20%
Oil and Gas Refining and Marketing5.53%
Oil and Gas Exploration and Production3.81%
Oil and Gas Storage and Transportation-2.37%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CVE Cenovus EnergyCA$30.883.3%
+CA$1.4b		48.8%PE14.8x
IMO Imperial OilCA$164.961.0%
+CA$832.1m		66.2%PE24.4x
CVVY Cavvy EnergyCA$0.922.2%
+CA$5.8m		253.8%PS1.3x

Latest News

CVE
CA$30.88
Cenovus Energy
7D
3.3%
1Y
48.8%
SU
CA$76.23
Suncor Energy
7D
-0.03%
1Y
35.7%

SU: Investor Day And P/E Repricing Will Frame Fairly Balanced Outlook

Analysts have raised their CA$68.05 fair value estimate for Suncor Energy to CA$74.40, citing recent price target increases from several firms, updated assumptions for a higher future P/E of about 19x, and revised expectations for revenue trends and profit margins. Analyst Commentary Recent research updates show a mix of optimism and caution around Suncor Energy, with several price target changes and refreshed views on valuation and execution.
IMO
CA$164.96
Imperial Oil
7D
1.0%
1Y
66.2%

IMO: Future Returns Will Likely Weaken Versus C$115 Fair Value Estimate

Narrative Update Analysts have nudged their fair value estimate for Imperial Oil up from C$113 to about C$115.41. This reflects recent adjustments to sector price targets that factor in updated 2025 guidance and early 2026 commentary, while continuing to see gas as relatively more attractive than oil.
CVVY
CA$0.92
Cavvy Energy
7D
2.2%
1Y
253.8%

Cavvy Energy Ltd. (TSE:CVVY) Surges 30% Yet Its Low P/S Is No Reason For Excitement

Nov 11
Cavvy Energy Ltd. (TSE:CVVY) Surges 30% Yet Its Low P/S Is No Reason For Excitement