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Canadian (TSX) Diversified Banks Industry Analysis

UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies7
  • 7D0.05%
  • 3M10.7%
  • 1Y41.3%
  • YTDn/a

All of the companies in the Diversified Banks industry have been up over the last week, with the industry up 1.5%. This takes the industry's 12 month performance to a gain of 44%. Looking forward, earnings are forecast to grow by 3.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Feb 2026CA$1.0tCA$230.3bCA$67.4b16.2x15x4.4x
Sun, 11 Jan 2026CA$992.3bCA$230.3bCA$67.4b15.9x14.7x4.3x
Tue, 09 Dec 2025CA$955.9bCA$230.3bCA$67.4b15.1x14.2x4.2x
Thu, 06 Nov 2025CA$893.6bCA$225.9bCA$65.7b14.9x13.6x4x
Sat, 04 Oct 2025CA$885.6bCA$225.9bCA$65.7b15.4x13.5x3.9x
Mon, 01 Sep 2025CA$838.5bCA$225.9bCA$65.7b14.3x12.8x3.7x
Wed, 30 Jul 2025CA$789.6bCA$218.2bCA$60.0b14.2x13.2x3.6x
Fri, 27 Jun 2025CA$761.8bCA$218.2bCA$60.0b13.7x12.7x3.5x
Sun, 25 May 2025CA$741.6bCA$215.2bCA$59.2b13.5x12.5x3.4x
Tue, 22 Apr 2025CA$673.5bCA$206.4bCA$50.7b12.5x13.3x3.3x
Thu, 20 Mar 2025CA$687.9bCA$206.4bCA$50.7b13.2x13.6x3.3x
Sat, 15 Feb 2025CA$715.6bCA$201.3bCA$48.9b14.2x14.6x3.6x
Mon, 13 Jan 2025CA$703.3bCA$201.3bCA$48.9b13.7x14.4x3.5x
Wed, 11 Dec 2024CA$723.1bCA$193.2bCA$49.5b14.1x14.6x3.7x
Fri, 08 Nov 2024CA$696.6bCA$204.1bCA$46.9b14x14.9x3.4x
Sun, 06 Oct 2024CA$688.1bCA$204.1bCA$46.9b13.5x14.7x3.4x
Tue, 03 Sep 2024CA$654.7bCA$204.1bCA$46.9b12.5x14x3.2x
Thu, 01 Aug 2024CA$632.6bCA$200.4bCA$48.8b12.6x13x3.2x
Sat, 29 Jun 2024CA$597.6bCA$200.4bCA$48.8b11.7x12.2x3x
Mon, 27 May 2024CA$617.4bCA$197.8bCA$47.9b12x12.9x3.1x
Wed, 24 Apr 2024CA$607.8bCA$196.7bCA$48.6b11.7x12.5x3.1x
Fri, 22 Mar 2024CA$615.1bCA$196.7bCA$48.6b12x12.7x3.1x
Sun, 18 Feb 2024CA$592.9bCA$193.2bCA$44.0b12.2x13.5x3.1x
Tue, 16 Jan 2024CA$593.1bCA$193.2bCA$44.0b12.2x13.5x3.1x
Thu, 14 Dec 2023CA$569.4bCA$193.2bCA$44.0b11.8x13x2.9x
Sat, 11 Nov 2023CA$537.0bCA$195.3bCA$50.9b10.5x10.5x2.7x
Mon, 09 Oct 2023CA$535.0bCA$195.3bCA$50.9b10.3x10.5x2.7x
Wed, 06 Sep 2023CA$565.3bCA$195.3bCA$50.9b10.7x11.1x2.9x
Fri, 04 Aug 2023CA$585.7bCA$190.7bCA$51.5b11x11.4x3.1x
Sun, 02 Jul 2023CA$577.7bCA$190.7bCA$51.5b10.5x11.2x3x
Tue, 30 May 2023CA$566.8bCA$190.8bCA$51.6b10.5x11x3x
Thu, 27 Apr 2023CA$582.5bCA$190.8bCA$57.0b9.9x10.2x3.1x
Sat, 25 Mar 2023CA$562.6bCA$190.8bCA$57.0b9.5x9.9x2.9x
Mon, 20 Feb 2023CA$634.8bCA$190.7bCA$65.2b9.4x9.7x3.3x
Price to Earnings Ratio

9.7x


Total Market Cap: CA$634.8bTotal Earnings: CA$65.2bTotal Revenue: CA$190.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Diversified Banks Industry Price to Earnings3Y Average 12.8x202420252026
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 15.1x which is higher than its 3-year average PE of 12.8x.
  • The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 6.5% 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 and as a result, profits have held steady.

Industry Comparison

How does Canadian Diversified Banks compare with similar industries?

CA Market1.74%
Financials0.45%
Banks0.065%
Diversified Banks0.048%
Regional Banks3.64%
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?

CompanyLast Price7D1YValuation
NA National Bank of CanadaCA$174.783.4%
+CA$2.1b		38.5%PB2.1x
LB Laurentian Bank of CanadaCA$40.080.2%
+CA$4.4m		44.4%PB0.6x

Latest News

LB
CA$40.08
Laurentian Bank of Canada
7D
0.2%
1Y
44.4%

LB: Pending Cash Takeover And Stable Earnings Assumptions Will Shape Share Outcome

Narrative Update Analysts have maintained their fair value estimate for Laurentian Bank of Canada at $40.38 per share. They cite slightly higher assumed discount rates, a modest tweak to revenue growth expectations, a lower projected profit margin, and a higher future P/E multiple in their updated models.
RY
CA$230.98
Royal Bank of Canada
7D
-0.7%
1Y
36.9%

RY: Future Returns Will Rely On Leading ROE And Diversified Franchise Strength

Royal Bank of Canada’s analyst fair value estimate has edged up from C$233.87 to C$235.27, as analysts point to a series of higher price targets and fresh Outperform ratings that highlight the bank’s scale, returns on equity and diversified business mix. Analyst Commentary Recent research updates cluster around higher price targets and fresh Outperform ratings, with Royal Bank of Canada now covered by several firms that are broadly constructive on its profile and valuation.
NA
CA$174.78
National Bank of Canada
7D
3.4%
1Y
38.5%

NA: Dividend Strength And Expansion Execution Will Shape Future Share Returns

Analysts have inched up their fair value estimate for National Bank of Canada to about C$170.71 from C$170.57, in line with recent Street price target increases to C$188, C$168 and C$160, which are based on updated views of discount rates, revenue growth, profit margins and future P/E assumptions. Analyst Commentary Street research on National Bank of Canada has centered on how much upside is left in the shares after recent target revisions and how execution risk could affect returns on equity as the bank broadens beyond its core Quebec base.
BNS
CA$103.16
Bank of Nova Scotia
7D
-1.1%
1Y
42.1%

BNS: New Leadership And ROE Focus May Support Measured Re rating Potential

Analysts have nudged their fair value estimate for Bank of Nova Scotia slightly higher to about $101.33 from $101.20, reflecting a modestly higher assumed discount rate and future P/E multiple, supported by recent price target increases and fresh Outperform and Buy ratings from several firms. Analyst Commentary Bullish Takeaways Bullish analysts have moved their price targets into a C$98 to C$108 range, which sits above the current fair value estimate and signals confidence that the market could re-rate the shares if execution stays on track.
BMO
CA$192.17
Bank of Montreal
7D
-0.7%
1Y
34.2%

BMO: Future Returns Will Reflect Narrowing ROE Gap And Capital Returns

Analysts have nudged their fair value estimate for Bank of Montreal higher to about $186.67 from $183.93, reflecting updated price targets that are based on views of a gradually narrowing return on equity gap and steady expectations for revenue growth, profit margins and future P/E. Analyst Commentary Recent research coverage on Bank of Montreal reflects a mix of optimism and caution, with price targets clustering in a relatively tight range and ratings spread between Buy and various forms of Perform.
TD
CA$129.93
Toronto-Dominion Bank
7D
-1.6%
1Y
53.5%

TD: Future Will Balance U.S. Asset Cap Fallout And Buybacks

Narrative update The analyst fair value estimate for Toronto Dominion Bank has edged up from C$128.67 to C$129.07. This reflects a cluster of higher Street price targets in the C$119 to C$132 range, as analysts point to steady progress under new leadership and updated views on the bank's risk profile and valuation metrics.
CM
CA$130.51
Canadian Imperial Bank of Commerce
7D
-1.2%
1Y
48.3%

CM: Net Interest Margins And Credit Costs Will Shape Future Earnings Balance

Narrative update The analyst price target for Canadian Imperial Bank of Commerce has been raised, with recent Street research moving targets to C$117, C$123, C$127 and most recently C$138, as analysts point to factors such as net interest margin trends and provisions for credit losses as key drivers in their updated views. Analyst Commentary Recent research shows a series of higher price targets for Canadian Imperial Bank of Commerce, along with mixed views on how sustainable current drivers of earnings might be.