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Canadian (TSX) Financials Sector Analysis

UpdatedJan 27, 2025
DataAggregated Company Financials
Companies242
  • 7D1.2%
  • 3M5.9%
  • 1Y27.8%
  • YTD2.3%

Over the last 7 days, the Financials industry has risen 1.2%, driven by gains from Brookfield of 5.0%. This means that the industry has gained 28% over the past year. Earnings are forecast to grow by 9.1% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Jan 2025CA$1.3tCA$589.8bCA$82.4b12.5x15.6x2.2x
Wed, 25 Dec 2024CA$1.3tCA$590.3bCA$82.4b12.8x15.5x2.2x
Fri, 22 Nov 2024CA$1.3tCA$587.6bCA$80.1b12.9x15.8x2.1x
Sun, 20 Oct 2024CA$1.2tCA$587.5bCA$78.2b12.6x15.8x2.1x
Tue, 17 Sep 2024CA$1.2tCA$584.4bCA$78.0b12.3x15x2x
Thu, 15 Aug 2024CA$1.1tCA$582.3bCA$80.1b11.3x13.4x1.8x
Sat, 13 Jul 2024CA$1.1tCA$574.6bCA$78.5b11.4x13.7x1.9x
Mon, 10 Jun 2024CA$1.1tCA$576.3bCA$78.6b11.4x13.4x1.8x
Wed, 08 May 2024CA$1.0tCA$574.4bCA$79.5b11.7x13.2x1.8x
Fri, 05 Apr 2024CA$1.0tCA$576.0bCA$79.9b10.7x13.1x1.8x
Sun, 03 Mar 2024CA$1.0tCA$595.4bCA$79.8b11.4x13x1.7x
Tue, 30 Jan 2024CA$1.0tCA$584.8bCA$80.9b10.5x12.7x1.8x
Thu, 28 Dec 2023CA$1.0tCA$582.0bCA$80.7b9.7x12.7x1.8x
Sat, 25 Nov 2023CA$949.2bCA$591.8bCA$88.2b9.6x10.8x1.6x
Mon, 23 Oct 2023CA$877.2bCA$588.9bCA$84.5b9.7x10.4x1.5x
Wed, 20 Sep 2023CA$961.3bCA$604.9bCA$84.4b10.2x11.4x1.6x
Fri, 18 Aug 2023CA$957.7bCA$601.1bCA$86.1b10.2x11.1x1.6x
Sun, 16 Jul 2023CA$972.4bCA$586.7bCA$82.0b10.6x11.9x1.7x
Tue, 13 Jun 2023CA$944.3bCA$588.8bCA$82.4b10.4x11.5x1.6x
Thu, 11 May 2023CA$952.0bCA$572.1bCA$86.4b10.5x11x1.7x
Sat, 08 Apr 2023CA$947.1bCA$553.7bCA$87.0b10.5x10.9x1.7x
Mon, 06 Mar 2023CA$1.0tCA$556.7bCA$86.5b10.7x11.6x1.8x
Wed, 01 Feb 2023CA$1.0tCA$558.6bCA$95.3b10.5x10.5x1.8x
Fri, 30 Dec 2022CA$934.8bCA$561.6bCA$95.5b10.3x9.8x1.7x
Sun, 27 Nov 2022CA$983.0bCA$548.3bCA$88.3b10.2x11.1x1.8x
Tue, 25 Oct 2022CA$899.2bCA$565.3bCA$92.3b9x9.7x1.6x
Thu, 22 Sep 2022CA$937.2bCA$561.6bCA$92.1b9.5x10.2x1.7x
Sat, 20 Aug 2022CA$990.4bCA$559.9bCA$93.9b9.7x10.6x1.8x
Mon, 18 Jul 2022CA$898.7bCA$622.1bCA$99.8b8.4x9x1.4x
Wed, 15 Jun 2022CA$953.6bCA$621.0bCA$99.5b9x9.6x1.5x
Fri, 13 May 2022CA$985.5bCA$615.3bCA$95.4b9.5x10.3x1.6x
Sun, 10 Apr 2022CA$1.1tCA$613.0bCA$96.1b9.9x11.2x1.8x
Tue, 08 Mar 2022CA$1.1tCA$611.4bCA$97.0b10.1x11.2x1.8x
Thu, 03 Feb 2022CA$1.1tCA$590.8bCA$93.2b11.4x12.1x1.9x
Price to Earnings Ratio

12.1x


Total Market Cap: CA$1.1tTotal Earnings: CA$93.2bTotal Revenue: CA$590.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Financials Sector Price to Earnings3Y Average 12x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 15.6x which is higher than its 3-year average PE of 12.0x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have declined 4.0% 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 Financials sector?

CA Market1.46%
Financials1.25%
Consumer Finance12.76%
Capital Markets3.97%
Diversified Financial2.63%
Banks0.61%
Insurance0.58%
Mortgage Finance0%0
Mortgage REITs0%0
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 22.8x.
    • Analysts are expecting annual earnings growth of 46.2%, which is higher than its past year's earnings growth of 8.8% per year.
  • Investors are most pessimistic about the Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.9x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 48% over the next 5 years.
  • This is better than its past earnings growth rate of 30% per year.
  • In contrast, the Insurance industry is expected to see its earnings grow by 4.9% 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
BN BrookfieldCA$87.605.0%
+CA$6.3b		59.2%PE124.8x
RY Royal Bank of CanadaCA$175.961.2%
+CA$3.1b		32.6%PB2.1x
BAM Brookfield Asset ManagementCA$85.997.5%
+CA$2.5b		56.2%PE55.8x
IFC Intact FinancialCA$259.031.9%
+CA$874.0m		23.5%PE22.4x
GWO Great-West LifecoCA$46.661.9%
+CA$792.0m		5.4%PE12x
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Latest News

RY

CA$175.96

Royal Bank of Canada

7D

1.2%

1Y

32.6%

HODL

CA$5.47

Sol Strategies

7D

-4.9%

1Y

5,109.5%

TD

CA$82.15

Toronto-Dominion Bank

7D

-0.3%

1Y

-0.8%

IFC

CA$259.03

Intact Financial

7D

1.9%

1Y

23.5%

BMO

CA$144.86

Bank of Montreal

7D

0.7%

1Y

12.3%

BNS

CA$74.49

Bank of Nova Scotia

7D

0.9%

1Y

18.7%

WNDR

CA$0.35

WonderFi Technologies

7D

-9.1%

1Y

75.0%

BAM

CA$85.99

Brookfield Asset Management

7D

7.5%

1Y

56.2%

BN

CA$87.60

Brookfield

7D

5.0%

1Y

59.2%

MFC

CA$43.81

Manulife Financial

7D

-1.0%

1Y

49.4%

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FFH

CA$2,014.57

Fairfax Financial Holdings

7D

1.6%

1Y

44.6%

VBNK

CA$18.95

VersaBank

7D

-3.2%

1Y

23.9%

TSU

CA$34.90

Trisura Group

7D

-3.1%

1Y

-7.8%

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Dec 20
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GWO

CA$46.66

Great-West Lifeco

7D

1.9%

1Y

5.4%

PVF.UN

CA$145.00

Partners Value Investments

7D

-3.3%

1Y

57.6%

SLF

CA$83.97

Sun Life Financial

7D

-1.2%

1Y

21.1%