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Canadian (TSX) Banks Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies9
  • 7D-1.0%
  • 3M5.5%
  • 1Y31.7%
  • YTD29.3%

Over the last 7 days, the Banks industry has remained flat. As for the the longer term, the industry is up 32% over the past 12 months.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Tue, 30 Nov 2021CA$653.0bCA$175.2bCA$55.3b11.4x
Thu, 28 Oct 2021CA$647.4bCA$175.2bCA$55.3b11.6x
Sat, 25 Sep 2021CA$615.4bCA$175.2bCA$55.3b11.2x
Mon, 23 Aug 2021CA$631.0bCA$175.2bCA$55.3b11.4x
Sat, 10 Jul 2021CA$617.1bCA$167.1bCA$49.9b12.4x
Fri, 02 Apr 2021CA$569.9bCA$154.1bCA$41.9b13.8x
Mon, 04 Jan 2021CA$501.9bCA$151.8bCA$40.2b12.7x
Thu, 08 Oct 2020CA$432.1bCA$151.6bCA$38.1b11.1x
Wed, 01 Jul 2020CA$419.3bCA$153.2bCA$40.3b9.9x
Sat, 04 Apr 2020CA$405.2bCA$163.7bCA$46.6b8.3x
Tue, 07 Jan 2020CA$509.6bCA$161.0bCA$45.3b11.3x
Mon, 30 Sep 2019CA$524.4bCA$159.7bCA$46.0b11x
Thu, 04 Jul 2019CA$509.7bCA$157.0bCA$45.7b10.4x
Sun, 07 Apr 2019CA$499.9bCA$153.9bCA$44.9b9.9x
Wed, 09 Jan 2019CA$467.2bCA$151.7bCA$44.5b9.6x
PE Ratio

10.3x

Total Market Cap: CA$501.3bTotal Earnings: CA$44.5bTotal Revenue: CA$151.7b0%0%0%3 Year10 Year
201920202021

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.

Industry Trends

Which industries have driven the changes within the Canadian Banks industry?

Diversified Banks-0.98%
Regional Banks-2.03%

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.

Top Stock Gainers and Losers

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

Company7D1YValuation
TD Toronto-Dominion Bank0.7%+CA$1.3b35.1%PB1.8x
Simply Wall St
Simply Wall Street Pty Ltd
17-21 Bellevue Street, Surry Hills, Sydney
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