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Canadian (TSX) Diversified Banks Industry Analysis
UpdatedApr 13, 2025
DataAggregated Company Financials
Companies7
- 7D-0.9%
- 3M-7.2%
- 1Y7.3%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has remained flat, although notably Bank of Nova Scotia declined by 3.9%. The past year has been better, since the industry has gained 7.3% in that time. As for the next few years, earnings are expected to grow by 6.1% per annum.
Industry Valuation and Performance
Has the Canadian Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 13 Apr 2025 | CA$655.9b | CA$206.4b | CA$50.7b | 12.3x | 12.9x | 3.2x |
| Tue, 11 Mar 2025 | CA$697.1b | CA$206.4b | CA$50.7b | 13.3x | 13.8x | 3.4x |
| Thu, 06 Feb 2025 | CA$707.8b | CA$201.3b | CA$48.9b | 14.2x | 14.5x | 3.5x |
| Sat, 04 Jan 2025 | CA$706.6b | CA$201.3b | CA$48.9b | 13.8x | 14.4x | 3.5x |
| Mon, 02 Dec 2024 | CA$718.3b | CA$204.1b | CA$46.9b | 14.7x | 15.3x | 3.5x |
| Wed, 30 Oct 2024 | CA$694.0b | CA$204.1b | CA$46.9b | 14x | 14.8x | 3.4x |
| Fri, 27 Sep 2024 | CA$685.5b | CA$204.1b | CA$46.9b | 13.6x | 14.6x | 3.4x |
| Sun, 25 Aug 2024 | CA$640.2b | CA$201.2b | CA$45.8b | 13.4x | 14x | 3.2x |
| Tue, 23 Jul 2024 | CA$624.8b | CA$200.4b | CA$48.8b | 12.3x | 12.8x | 3.1x |
| Thu, 20 Jun 2024 | CA$591.1b | CA$200.4b | CA$48.8b | 11.5x | 12.1x | 2.9x |
| Sat, 18 May 2024 | CA$617.9b | CA$196.7b | CA$48.6b | 12x | 12.7x | 3.1x |
| Mon, 15 Apr 2024 | CA$605.3b | CA$196.7b | CA$48.6b | 11.6x | 12.5x | 3.1x |
| Wed, 13 Mar 2024 | CA$611.0b | CA$196.7b | CA$48.6b | 11.5x | 12.6x | 3.1x |
| Fri, 09 Feb 2024 | CA$582.8b | CA$193.2b | CA$44.0b | 11.8x | 13.3x | 3x |
| Sun, 07 Jan 2024 | CA$609.9b | CA$193.2b | CA$44.0b | 12.5x | 13.9x | 3.2x |
| Tue, 05 Dec 2023 | CA$561.3b | CA$191.6b | CA$44.0b | 11.2x | 12.8x | 2.9x |
| Thu, 02 Nov 2023 | CA$513.5b | CA$195.3b | CA$50.9b | 9.9x | 10.1x | 2.6x |
| Sat, 30 Sep 2023 | CA$552.7b | CA$195.3b | CA$50.9b | 10.5x | 10.9x | 2.8x |
| Mon, 28 Aug 2023 | CA$555.7b | CA$194.2b | CA$51.5b | 10.5x | 10.8x | 2.9x |
| Wed, 26 Jul 2023 | CA$593.7b | CA$190.7b | CA$51.5b | 10.9x | 11.5x | 3.1x |
| Fri, 23 Jun 2023 | CA$566.9b | CA$190.7b | CA$51.5b | 10.3x | 11x | 3x |
| Sun, 21 May 2023 | CA$577.2b | CA$190.8b | CA$57.0b | 10x | 10.1x | 3x |
| Tue, 18 Apr 2023 | CA$591.3b | CA$190.8b | CA$57.0b | 10x | 10.4x | 3.1x |
| Thu, 16 Mar 2023 | CA$572.8b | CA$190.8b | CA$57.0b | 9.7x | 10.1x | 3x |
| Sat, 11 Feb 2023 | CA$634.8b | CA$190.7b | CA$65.2b | 9.2x | 9.7x | 3.3x |
| Mon, 09 Jan 2023 | CA$591.4b | CA$190.7b | CA$65.2b | 8.5x | 9.1x | 3.1x |
| Wed, 07 Dec 2022 | CA$602.0b | CA$190.7b | CA$65.1b | 9.5x | 9.3x | 3.2x |
| Fri, 04 Nov 2022 | CA$581.9b | CA$184.2b | CA$60.7b | 9.3x | 9.6x | 3.2x |
| Sun, 02 Oct 2022 | CA$571.4b | CA$184.2b | CA$60.7b | 8.8x | 9.4x | 3.1x |
| Tue, 30 Aug 2022 | CA$594.4b | CA$185.9b | CA$61.6b | 9.2x | 9.7x | 3.2x |
| Thu, 28 Jul 2022 | CA$586.9b | CA$187.3b | CA$62.6b | 9.1x | 9.4x | 3.1x |
| Sat, 25 Jun 2022 | CA$582.7b | CA$187.3b | CA$62.6b | 9x | 9.3x | 3.1x |
| Mon, 23 May 2022 | CA$624.7b | CA$182.9b | CA$58.5b | 10.4x | 10.7x | 3.4x |
| Wed, 20 Apr 2022 | CA$666.5b | CA$182.9b | CA$58.5b | 11.5x | 11.4x | 3.6x |
Price to Earnings Ratio
11.4x
Current Industry PE
- Investors are optimistic on the Canadian Diversified Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.9x which is higher than its 3-year average PE of 11.7x.
- The industry is trading close to its 3-year average PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have declined 4.7% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.1% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Canadian Diversified Banks compare with similar industries?
| CA Market | 1.27% | |
| Financials | -0.37% | |
| Banks | -0.86% | |
| Diversified Banks | -0.86% | |
| Regional Banks | -0.54% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NA National Bank of Canada | CA$113.39 | 0.4% +CA$168.2m | 2.2% | PB1.8x | |
| LB Laurentian Bank of Canada | CA$26.22 | 2.4% +CA$27.0m | 0.2% | PB0.4x |