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Has the Canadian Banks Industry valuation changed over the past few years?
|Tue, 30 Nov 2021||CA$653.0b||CA$175.2b||CA$55.3b||11.4x|
|Thu, 28 Oct 2021||CA$647.4b||CA$175.2b||CA$55.3b||11.6x|
|Sat, 25 Sep 2021||CA$615.4b||CA$175.2b||CA$55.3b||11.2x|
|Mon, 23 Aug 2021||CA$631.0b||CA$175.2b||CA$55.3b||11.4x|
|Sat, 10 Jul 2021||CA$617.1b||CA$167.1b||CA$49.9b||12.4x|
|Fri, 02 Apr 2021||CA$569.9b||CA$154.1b||CA$41.9b||13.8x|
|Mon, 04 Jan 2021||CA$501.9b||CA$151.8b||CA$40.2b||12.7x|
|Thu, 08 Oct 2020||CA$432.1b||CA$151.6b||CA$38.1b||11.1x|
|Wed, 01 Jul 2020||CA$419.3b||CA$153.2b||CA$40.3b||9.9x|
|Sat, 04 Apr 2020||CA$405.2b||CA$163.7b||CA$46.6b||8.3x|
|Tue, 07 Jan 2020||CA$509.6b||CA$161.0b||CA$45.3b||11.3x|
|Mon, 30 Sep 2019||CA$524.4b||CA$159.7b||CA$46.0b||11x|
|Thu, 04 Jul 2019||CA$509.7b||CA$157.0b||CA$45.7b||10.4x|
|Sun, 07 Apr 2019||CA$499.9b||CA$153.9b||CA$44.9b||9.9x|
|Wed, 09 Jan 2019||CA$467.2b||CA$151.7b||CA$44.5b||9.6x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 11.0x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Banks industry have grown 7.6% per year over the last three years, and revenues for these companies have grown 4.9% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Which industries have driven the changes within the Canadian Banks industry?
Industry PE: Investors are most optimistic about the Regional Banks industry which is trading above its 3-year average PE ratio of 10.5x. However analysts expect its future annual earnings growth (13%) to be largely in line with prior year's earnings growth, so the market might believe analysts are underestimating its future growth since investors are willing to pay a bigger premium today. Meanwhile, investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 11.2x.
Forecasted Growth: Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 13% over the next 5 years. This is roughly in line with its past earnings growth rate. Meanwhile, the Diversified Banks industry is expected to see its earnings growth to stay flat over the next few years.
Which companies have driven the market over the last 7 days?
|TD Toronto-Dominion Bank||0.7%+CA$1.3b||35.1%||PB1.8x|
Bank of Montreal
Canadian Imperial Bank of Commerce
Royal Bank of Canada
Canadian Western Bank
National Bank of Canada
Bank of Nova Scotia
Laurentian Bank of Canada