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Canadian (TSX) Financials Sector Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies267
  • 7D-0.3%
  • 3M4.1%
  • 1Y14.4%
  • YTD3.3%

The Financials is pretty flat in the last 7 days, but Fairfax Financial Holdings has stood out, gaining 3.7%. The past year has been better, since the industry has gained 14% in that time. As for the next few years, earnings are expected to grow by 7.4% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 Mar 2024CA$1.0tCA$596.9bCA$79.8b11.5x13.1x1.8x
Wed, 14 Feb 2024CA$995.5bCA$592.6bCA$81.7b9.8x12.2x1.7x
Fri, 12 Jan 2024CA$1.0tCA$584.6bCA$80.9b9.8x12.5x1.7x
Sun, 10 Dec 2023CA$966.8bCA$587.1bCA$80.9b9.6x12x1.6x
Tue, 07 Nov 2023CA$920.0bCA$584.8bCA$86.3b9.9x10.7x1.6x
Thu, 05 Oct 2023CA$907.3bCA$589.3bCA$84.6b9.5x10.7x1.5x
Sat, 02 Sep 2023CA$960.4bCA$604.2bCA$84.5b10.4x11.4x1.6x
Mon, 31 Jul 2023CA$993.6bCA$586.8bCA$82.2b10.6x12.1x1.7x
Wed, 28 Jun 2023CA$868.1bCA$557.2bCA$74.0b10.4x11.7x1.6x
Fri, 26 May 2023CA$939.3bCA$585.7bCA$87.7b10.4x10.7x1.6x
Sun, 23 Apr 2023CA$978.6bCA$554.0bCA$87.0b10.6x11.3x1.8x
Tue, 21 Mar 2023CA$915.7bCA$553.4bCA$86.2b10.1x10.6x1.7x
Thu, 16 Feb 2023CA$1.0tCA$559.1bCA$93.1b11.1x10.9x1.8x
Sat, 14 Jan 2023CA$977.3bCA$559.7bCA$95.3b10.5x10.3x1.7x
Mon, 12 Dec 2022CA$973.3bCA$558.0bCA$92.8b10.1x10.5x1.7x
Wed, 09 Nov 2022CA$928.6bCA$557.8bCA$90.6b9.8x10.3x1.7x
Fri, 07 Oct 2022CA$907.5bCA$565.3bCA$92.3b9.1x9.8x1.6x
Sun, 04 Sep 2022CA$929.3bCA$557.9bCA$92.0b9.2x10.1x1.7x
Tue, 02 Aug 2022CA$955.1bCA$614.8bCA$97.6b9x9.8x1.6x
Thu, 30 Jun 2022CA$933.0bCA$620.6bCA$99.7b8.7x9.4x1.5x
Sat, 28 May 2022CA$1.0tCA$618.3bCA$99.5b9.7x10.2x1.6x
Mon, 25 Apr 2022CA$1.0tCA$614.3bCA$96.2b9.8x10.8x1.7x
Wed, 23 Mar 2022CA$1.1tCA$610.7bCA$96.3b10.6x11.6x1.8x
Fri, 18 Feb 2022CA$1.1tCA$605.7bCA$94.7b11.1x11.8x1.9x
Sun, 16 Jan 2022CA$1.1tCA$589.6bCA$93.5b11.1x12.1x1.9x
Tue, 14 Dec 2021CA$1.1tCA$592.0bCA$93.5b10.4x11.3x1.8x
Thu, 11 Nov 2021CA$1.1tCA$568.6bCA$90.5b10.9x11.9x1.9x
Sat, 09 Oct 2021CA$1.0tCA$562.2bCA$90.4b9.8x11.3x1.8x
Mon, 06 Sep 2021CA$1.0tCA$561.5bCA$90.3b9.6x11.2x1.8x
Wed, 04 Aug 2021CA$987.7bCA$561.4bCA$90.0b9.8x11x1.8x
Sat, 08 May 2021CA$930.0bCA$553.1bCA$79.6b8.6x11.7x1.7x
Price to Earnings Ratio

12.7x


Total Market Cap: CA$906.3bTotal Earnings: CA$71.6bTotal Revenue: CA$540.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Financials Sector Price to Earnings3Y Average 11.2x202220232024
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 13.1x which is higher than its 3-year average PE of 11.2x.
  • The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 3.7% per year over the last three years.
  • Revenues for these companies have grown 3.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

CA Market0.35%
Financials-0.29%
Consumer Finance0.43%
Insurance0.32%
Mortgage Finance0%
Mortgage REITs0%
Banks-0.16%
Capital Markets-1.63%
Diversified Financial-4.16%
Industry PE
  • Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 25.4x.
    • Analysts are expecting annual earnings growth of 56.9%, which is higher than its past year's earnings growth of 11.1% 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 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 57% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Banks industry is expected to see its earnings grow by 5.9% 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
MFC Manulife FinancialCA$32.671.8%
+CA$1.0b
33.8%PE12.3x
FFH Fairfax Financial HoldingsCA$1.52k2.2%
+CA$775.4m
70.8%PE6.1x
BMO Bank of MontrealCA$127.11-0.2%
CA$324.3m
8.5%PB1.3x
BNS Bank of Nova ScotiaCA$67.440.2%
+CA$136.3m
2.6%PB1.2x
NA National Bank of CanadaCA$110.220.4%
+CA$123.2m
15.4%PB1.7x
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Latest News

BN

CA$55.51

Brookfield

7D

-2.1%

1Y

39.6%

AD.UN

CA$17.35

Alaris Equity Partners Income Trust

7D

5.5%

1Y

7.4%

NA

CA$110.22

National Bank of Canada

7D

0.4%

1Y

15.4%

BAM

CA$55.46

Brookfield Asset Management

7D

-1.8%

1Y

30.0%

NVEI

CA$29.48

Nuvei

7D

-5.9%

1Y

-47.4%

FFH

CA$1,519.90

Fairfax Financial Holdings

7D

2.2%

1Y

70.8%

CF

CA$8.35

Canaccord Genuity Group

7D

5.0%

1Y

-21.6%

IFC

CA$224.96

Intact Financial

7D

-1.7%

1Y

19.0%

TD

CA$81.37

Toronto-Dominion Bank

7D

-0.2%

1Y

4.7%

BNS

CA$67.44

Bank of Nova Scotia

7D

0.2%

1Y

2.6%

RY

CA$134.63

Royal Bank of Canada

7D

-0.2%

1Y

4.7%

MFC

CA$32.67

Manulife Financial

7D

1.8%

1Y

33.8%

BMO

CA$127.11

Bank of Montreal

7D

-0.2%

1Y

8.5%

GWO

CA$42.48

Great-West Lifeco

7D

-0.8%

1Y

23.0%

FIH.U

US$14.70

Fairfax India Holdings

7D

2.4%

1Y

14.0%