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Canadian (TSX) Banks Industry Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies10
  • 7D-0.2%
  • 3M1.3%
  • 1Y6.9%
  • YTD0.2%

Over the last 7 days, the Banks industry has remained flat. As for the the longer term, the industry is up 6.9% over the past 12 months. As for the next few years, earnings are expected to grow by 5.9% per annum.

Industry Valuation and Performance

Has the Canadian Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024CA$616.3bCA$199.0bCA$49.4b10.7x12.5x3.1x
Thu, 15 Feb 2024CA$583.7bCA$195.5bCA$44.8b10.9x13x3x
Sat, 13 Jan 2024CA$596.8bCA$195.5bCA$44.8b10.8x13.3x3.1x
Mon, 11 Dec 2023CA$574.4bCA$195.3bCA$44.7b10.3x12.9x2.9x
Wed, 08 Nov 2023CA$544.0bCA$197.4bCA$51.6b9.3x10.5x2.8x
Fri, 06 Oct 2023CA$540.5bCA$197.4bCA$51.6b9.4x10.5x2.7x
Sun, 03 Sep 2023CA$575.5bCA$197.4bCA$51.6b10.2x11.1x2.9x
Tue, 01 Aug 2023CA$605.1bCA$192.7bCA$52.1b10.8x11.6x3.1x
Thu, 29 Jun 2023CA$573.6bCA$192.7bCA$52.1b10x11x3x
Sat, 27 May 2023CA$568.2bCA$192.5bCA$52.2b9.9x10.9x3x
Mon, 24 Apr 2023CA$601.2bCA$192.7bCA$57.6b9.8x10.4x3.1x
Wed, 22 Mar 2023CA$578.1bCA$192.7bCA$57.6b9.4x10x3x
Fri, 17 Feb 2023CA$637.0bCA$191.8bCA$65.6b9.3x9.7x3.3x
Sun, 15 Jan 2023CA$612.0bCA$191.8bCA$65.6b8.8x9.3x3.2x
Tue, 13 Dec 2022CA$601.4bCA$191.8bCA$65.6b8.6x9.2x3.1x
Thu, 10 Nov 2022CA$591.4bCA$185.3bCA$61.0b9.6x9.7x3.2x
Sat, 08 Oct 2022CA$559.2bCA$185.3bCA$61.0b8.6x9.2x3x
Mon, 05 Sep 2022CA$582.9bCA$185.3bCA$61.0b8.9x9.6x3.1x
Wed, 03 Aug 2022CA$593.8bCA$188.4bCA$63.0b9.2x9.4x3.2x
Fri, 01 Jul 2022CA$590.3bCA$188.4bCA$63.0b9.1x9.4x3.1x
Sun, 29 May 2022CA$650.5bCA$188.7bCA$63.0b10.2x10.3x3.4x
Tue, 26 Apr 2022CA$655.3bCA$184.0bCA$58.9b11.3x11.1x3.6x
Thu, 24 Mar 2022CA$698.4bCA$184.0bCA$58.9b11.4x11.9x3.8x
Sat, 19 Feb 2022CA$712.7bCA$180.6bCA$56.4b12.6x12.6x3.9x
Mon, 17 Jan 2022CA$718.6bCA$180.6bCA$56.4b12.8x12.7x4x
Wed, 15 Dec 2021CA$652.2bCA$180.6bCA$56.4b11.6x11.6x3.6x
Fri, 12 Nov 2021CA$656.6bCA$175.2bCA$55.3b12x11.9x3.7x
Sun, 10 Oct 2021CA$625.1bCA$175.2bCA$55.3b11.2x11.3x3.6x
Tue, 07 Sep 2021CA$618.4bCA$175.2bCA$55.3b11.2x11.2x3.5x
Thu, 05 Aug 2021CA$614.0bCA$175.2bCA$55.3b11.1x11.1x3.5x
Sun, 09 May 2021CA$582.6bCA$167.1bCA$49.9b11.9x11.7x3.5x
Price to Earnings Ratio

13.6x


Total Market Cap: CA$569.9bTotal Earnings: CA$41.9bTotal Revenue: CA$154.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Banks Industry Price to Earnings3Y Average 11.1x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.5x which is higher than its 3-year average PE of 11.1x.
  • The industry is trading close to its 3-year average PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 5.7% per year over the last three years.
  • Revenues for these companies have grown 8.9% 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 industry?

CA Market0.35%
Financials-0.29%
Banks-0.16%
Diversified Banks-0.12%
Regional Banks-3.52%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 11.1x.
    • Analysts are expecting annual earnings growth of 5.8%, which is higher than its past year's earnings decline of 14.2% per year.
  • Investors are most pessimistic about the Regional Banks industry, which is trading below its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Regional Banks industry, expecting annual earnings growth of 9.1% over the next 5 years.
  • However this is lower than its past earnings growth rate of 52% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 5.8% 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
NA National Bank of CanadaCA$111.391.4%
+CA$520.1m
16.7%PB1.7x
BMO Bank of MontrealCA$127.17-0.1%
CA$368.1m
8.5%PB1.3x
CM Canadian Imperial Bank of CommerceCA$67.170.5%
+CA$299.9m
18.3%PB1.2x
VBNK VersaBankCA$14.737.9%
+CA$28.0m
46.7%PB1x
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