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Canadian (TSX) Financials Sector Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies210
  • 7D0.9%
  • 3M9.7%
  • 1Y26.7%
  • YTD17.5%

The Financials industry is up 1.8% in the last week, with Royal Bank of Canada up 1.6%. In the last 12 months, the industry was up 28%. Earnings are forecast to grow by 5.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Sep 2025CA$1.6tCA$599.5bCA$100.5b13.4x15.8x2.7x
Sat, 23 Aug 2025CA$1.5tCA$590.8bCA$94.8b13.6x15.7x2.5x
Mon, 21 Jul 2025CA$1.5tCA$589.6bCA$92.0b12.5x16.1x2.5x
Wed, 18 Jun 2025CA$1.4tCA$588.6bCA$91.9b12.4x15.3x2.4x
Fri, 16 May 2025CA$1.4tCA$580.6bCA$82.4b12.5x17x2.4x
Sun, 13 Apr 2025CA$1.2tCA$578.8bCA$81.6b12.1x15.3x2.2x
Tue, 11 Mar 2025CA$1.3tCA$584.3bCA$82.7b12.7x16x2.3x
Thu, 06 Feb 2025CA$1.3tCA$588.5bCA$82.1b12.5x15.4x2.1x
Sat, 04 Jan 2025CA$1.3tCA$591.1bCA$82.4b12.7x15.4x2.1x
Mon, 02 Dec 2024CA$1.3tCA$588.0bCA$80.1b13.1x16.1x2.2x
Wed, 30 Oct 2024CA$1.2tCA$589.0bCA$78.3b12.8x15.7x2.1x
Fri, 27 Sep 2024CA$1.2tCA$582.9bCA$77.9b12.3x15.3x2x
Sun, 25 Aug 2024CA$1.1tCA$580.6bCA$76.9b12x14.6x1.9x
Tue, 23 Jul 2024CA$1.1tCA$576.3bCA$78.6b11.6x13.8x1.9x
Thu, 20 Jun 2024CA$1.0tCA$575.6bCA$78.6b11x13.1x1.8x
Sat, 18 May 2024CA$1.1tCA$570.5bCA$78.2b11.3x13.7x1.9x
Mon, 15 Apr 2024CA$1.0tCA$579.1bCA$80.1b11x12.9x1.8x
Wed, 13 Mar 2024CA$1.1tCA$596.2bCA$79.7b11.5x13.2x1.8x
Fri, 09 Feb 2024CA$1.0tCA$598.1bCA$81.8b10.5x12.3x1.7x
Sun, 07 Jan 2024CA$1.0tCA$584.1bCA$80.9b9.9x12.6x1.7x
Tue, 05 Dec 2023CA$959.2bCA$584.1bCA$80.5b9.7x11.9x1.6x
Thu, 02 Nov 2023CA$865.4bCA$588.4bCA$84.2b9.5x10.3x1.5x
Sat, 30 Sep 2023CA$928.9bCA$587.1bCA$84.5b9.7x11x1.6x
Mon, 28 Aug 2023CA$933.9bCA$603.1bCA$85.1b10.3x11x1.5x
Wed, 26 Jul 2023CA$991.3bCA$586.0bCA$82.1b10.8x12.1x1.7x
Fri, 23 Jun 2023CA$943.4bCA$585.8bCA$82.3b10.3x11.5x1.6x
Sun, 21 May 2023CA$957.5bCA$591.4bCA$87.7b10.5x10.9x1.6x
Tue, 18 Apr 2023CA$967.4bCA$552.1bCA$86.9b10.6x11.1x1.8x
Thu, 16 Mar 2023CA$920.3bCA$558.8bCA$86.5b10.2x10.6x1.6x
Sat, 11 Feb 2023CA$1.0tCA$507.8bCA$95.2b10.6x10.6x2x
Mon, 09 Jan 2023CA$946.6bCA$560.4bCA$95.4b10.3x9.9x1.7x
Wed, 07 Dec 2022CA$976.8bCA$558.1bCA$92.7b10.1x10.5x1.8x
Fri, 04 Nov 2022CA$917.1bCA$564.7bCA$92.2b9.5x9.9x1.6x
Sun, 02 Oct 2022CA$901.4bCA$565.4bCA$92.3b8.8x9.8x1.6x
Price to Earnings Ratio

9.8x


Total Market Cap: CA$901.4bTotal Earnings: CA$92.3bTotal Revenue: CA$565.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Financials Sector Price to Earnings3Y Average 13.1x202320242025
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 15.9x which is higher than its 3-year average PE of 13.1x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 2.9% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

CA Market1.43%
Financials0.88%
Diversified Financial2.46%
Capital Markets1.29%
Banks0.93%
Insurance0.46%
Mortgage Finance0%0
Consumer Finance-9.28%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry even though it's trading below its 3-year average PE ratio of 93.6x.
    • Analysts are expecting annual earnings growth of 62.1%, which is higher than its past year's earnings decline of 12.2% per year.
  • Investors are most pessimistic about the Consumer Finance industry, which is trading below its 3-year average of 14.0x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 62% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Banks industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
RY Royal Bank of CanadaCA$204.771.6%
+CA$4.6b		22.8%PB2.3x
BAM Brookfield Asset ManagementCA$82.191.7%
+CA$2.2b		29.5%PE39.2x
BN BrookfieldCA$96.871.5%
+CA$2.1b		37.5%PE157.8x
CM Canadian Imperial Bank of CommerceCA$112.171.5%
+CA$1.5b		34.1%PB1.7x
TD Toronto-Dominion BankCA$108.590.6%
+CA$1.0b		28.0%PB1.5x

Latest News

BN
CA$96.87
Brookfield
7D
1.5%
1Y
37.5%
GSY
CA$178.63
goeasy
7D
-11.9%
1Y
0.2%
X
CA$53.07
TMX Group
7D
-2.6%
1Y
22.2%
NA
CA$152.53
National Bank of Canada
7D
1.5%
1Y
19.8%
CM
CA$112.17
Canadian Imperial Bank of Commerce
7D
1.5%
1Y
34.1%
BMO
CA$178.45
Bank of Montreal
7D
-0.1%
1Y
47.9%
GWO
CA$54.02
Great-West Lifeco
7D
1.4%
1Y
18.0%

Digital Transformation And Aging Trends Will Expand Global Wealth Management

With both the Future P/E and Net Profit Margin for Great-West Lifeco remaining effectively unchanged, the consensus analyst price target was only marginally raised from CA$55.00 to CA$55.73. What's in the News Increased equity buyback authorization by 20,000,000 shares, totaling 40,000,000 shares.
TD
CA$108.59
Toronto-Dominion Bank
7D
0.6%
1Y
28.0%
BAM
CA$82.19
Brookfield Asset Management
7D
1.7%
1Y
29.5%
DFY
CA$72.18
Definity Financial
7D
-1.2%
1Y
31.2%
IFC
CA$265.48
Intact Financial
7D
-0.4%
1Y
2.9%
PRL
CA$32.00
Propel Holdings
7D
-4.9%
1Y
4.1%
RY
CA$204.77
Royal Bank of Canada
7D
1.6%
1Y
22.8%
MFC
CA$43.05
Manulife Financial
7D
0.8%
1Y
9.6%
TSU
CA$38.64
Trisura Group
7D
-3.9%
1Y
-9.4%
FIH.U
US$17.63
Fairfax India Holdings
7D
-2.3%
1Y
17.8%

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May 06
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