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Canadian (TSX) Diversified Banks Industry Analysis

UpdatedApr 24, 2024
DataAggregated Company Financials
Companies7
  • 7D2.0%
  • 3M1.8%
  • 1Y3.5%
  • YTDn/a

Last week, the Diversified Banks industry hasn't moved much but Toronto-Dominion Bank is up 3.8% in that time. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 5.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Wed, 18 Jan 2023CA$614.0bCA$190.7bCA$65.2b8.8x9.4x3.2x
Fri, 16 Dec 2022CA$578.4bCA$190.7bCA$65.2b8.3x8.9x3x
Sun, 13 Nov 2022CA$606.4bCA$184.2bCA$60.7b9.8x10x3.3x
Tue, 11 Oct 2022CA$556.9bCA$184.2bCA$60.7b8.6x9.2x3x
Thu, 08 Sep 2022CA$574.8bCA$184.2bCA$60.7b8.8x9.5x3.1x
Sat, 06 Aug 2022CA$598.8bCA$187.3bCA$62.6b9.3x9.6x3.2x
Mon, 04 Jul 2022CA$587.7bCA$187.3bCA$62.6b9.1x9.4x3.1x
Wed, 01 Jun 2022CA$652.0bCA$187.6bCA$62.6b10.2x10.4x3.5x
Fri, 29 Apr 2022CA$633.3bCA$182.9bCA$58.5b11.1x10.8x3.5x
Sun, 27 Mar 2022CA$701.2bCA$182.9bCA$58.5b11.8x12x3.8x
Tue, 22 Feb 2022CA$708.9bCA$179.6bCA$56.1b12.6x12.6x3.9x
Thu, 20 Jan 2022CA$708.9bCA$179.6bCA$56.1b12.7x12.6x3.9x
Sat, 18 Dec 2021CA$650.9bCA$179.6bCA$56.1b11.6x11.6x3.6x
Mon, 15 Nov 2021CA$657.0bCA$174.2bCA$55.0b11.6x11.9x3.8x
Wed, 13 Oct 2021CA$621.3bCA$174.2bCA$55.0b11.2x11.3x3.6x
Fri, 10 Sep 2021CA$612.5bCA$174.2bCA$55.0b11.2x11.1x3.5x
Sun, 08 Aug 2021CA$617.4bCA$174.2bCA$55.0b11.3x11.2x3.5x
Sat, 01 May 2021CA$579.3bCA$166.1bCA$49.6b11.9x11.7x3.5x
Price to Earnings Ratio

11.7x


Total Market Cap: CA$579.3bTotal Earnings: CA$49.6bTotal Revenue: CA$166.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Diversified Banks Industry Price to Earnings3Y Average 11.1x202220232024
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 12.4x 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 Diversified Banks industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 5.8% 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 Market1.25%
Financials1.80%
Banks2.04%
Diversified Banks2.02%
Regional Banks3.52%
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
RY Royal Bank of CanadaCA$136.412.3%
+CA$4.4b		3.2%PB1.8x
TD Toronto-Dominion BankCA$80.512.8%
+CA$3.9b		-0.8%PB1.3x
BMO Bank of MontrealCA$128.112.3%
+CA$2.1b		5.4%PB1.3x
CM Canadian Imperial Bank of CommerceCA$65.611.3%
+CA$759.4m		17.2%PB1.2x
BNS Bank of Nova ScotiaCA$64.600.6%
+CA$464.4m		-3.0%PB1.1x
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Latest News

BMO

CA$128.11

Bank of Montreal

7D

2.3%

1Y

5.4%

NA

CA$111.58

National Bank of Canada

7D

1.0%

1Y

13.8%

TD

CA$80.51

Toronto-Dominion Bank

7D

2.8%

1Y

-0.8%

RY

CA$136.41

Royal Bank of Canada

7D

2.3%

1Y

3.2%

CM

CA$65.61

Canadian Imperial Bank of Commerce

7D

1.3%

1Y

17.2%

LB

CA$26.21

Laurentian Bank of Canada

7D

3.1%

1Y

-17.7%

BNS

CA$64.60

Bank of Nova Scotia

7D

0.6%

1Y

-3.0%