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Canadian (TSX) Diversified Banks Industry Analysis

UpdatedJan 20, 2025
DataAggregated Company Financials
Companies7
  • 7D2.1%
  • 3M3.6%
  • 1Y20.6%
  • YTDn/a

In the last week, the Diversified Banks industry is up 2.1%, with Toronto-Dominion Bank up 6.3%. This takes the industry's 12 month performance to a gain of 21%. As for the next few years, earnings are expected to grow by 6.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Jan 2025CA$717.8bCA$201.3bCA$48.9b13.8x14.7x3.6x
Wed, 18 Dec 2024CA$719.1bCA$193.2bCA$49.5b14x14.5x3.7x
Fri, 15 Nov 2024CA$700.6bCA$204.1bCA$46.9b14.2x14.9x3.4x
Sun, 13 Oct 2024CA$685.3bCA$204.1bCA$46.9b13.7x14.6x3.4x
Tue, 10 Sep 2024CA$671.2bCA$204.1bCA$46.9b12.6x14.3x3.3x
Thu, 08 Aug 2024CA$606.4bCA$200.4bCA$48.8b12x12.4x3x
Sat, 06 Jul 2024CA$606.4bCA$200.4bCA$48.8b11.8x12.4x3x
Mon, 03 Jun 2024CA$617.2bCA$198.6bCA$48.7b12x12.7x3.1x
Wed, 01 May 2024CA$598.2bCA$196.7bCA$48.6b11.6x12.3x3x
Fri, 29 Mar 2024CA$621.9bCA$196.7bCA$48.6b12x12.8x3.2x
Sun, 25 Feb 2024CA$599.0bCA$193.2bCA$44.0b12.5x13.6x3.1x
Tue, 23 Jan 2024CA$593.9bCA$193.2bCA$44.0b12.1x13.5x3.1x
Thu, 21 Dec 2023CA$601.2bCA$193.2bCA$44.0b12.3x13.7x3.1x
Sat, 18 Nov 2023CA$554.1bCA$195.3bCA$50.9b10.8x10.9x2.8x
Mon, 16 Oct 2023CA$533.7bCA$195.3bCA$50.9b10.3x10.5x2.7x
Wed, 13 Sep 2023CA$559.6bCA$195.3bCA$50.9b10.6x11x2.9x
Fri, 11 Aug 2023CA$585.7bCA$190.7bCA$51.5b11x11.4x3.1x
Sun, 09 Jul 2023CA$570.1bCA$190.7bCA$51.5b10.7x11.1x3x
Tue, 06 Jun 2023CA$565.8bCA$190.7bCA$51.5b10.3x11x3x
Thu, 04 May 2023CA$578.7bCA$190.8bCA$57.0b9.9x10.2x3x
Sat, 01 Apr 2023CA$579.7bCA$190.8bCA$57.0b9.9x10.2x3x
Mon, 27 Feb 2023CA$624.3bCA$190.9bCA$63.7b9.6x9.8x3.3x
Wed, 25 Jan 2023CA$614.1bCA$190.7bCA$65.2b8.7x9.4x3.2x
Fri, 23 Dec 2022CA$582.5bCA$190.7bCA$65.2b8.3x8.9x3.1x
Sun, 20 Nov 2022CA$608.9bCA$184.2bCA$60.7b9.9x10x3.3x
Tue, 18 Oct 2022CA$564.4bCA$184.2bCA$60.7b8.7x9.3x3.1x
Thu, 15 Sep 2022CA$596.0bCA$184.2bCA$60.7b9.3x9.8x3.2x
Sat, 13 Aug 2022CA$614.2bCA$187.3bCA$62.6b9.6x9.8x3.3x
Mon, 11 Jul 2022CA$592.6bCA$187.3bCA$62.6b9x9.5x3.2x
Wed, 08 Jun 2022CA$652.2bCA$187.6bCA$62.6b10.2x10.4x3.5x
Fri, 06 May 2022CA$638.7bCA$182.9bCA$58.5b10.8x10.9x3.5x
Sun, 03 Apr 2022CA$681.6bCA$182.9bCA$58.5b11.7x11.7x3.7x
Tue, 01 Mar 2022CA$696.0bCA$180.7bCA$56.8b12.4x12.3x3.9x
Thu, 27 Jan 2022CA$696.6bCA$179.6bCA$56.1b12.6x12.4x3.9x
Price to Earnings Ratio

12.4x


Total Market Cap: CA$696.6bTotal Earnings: CA$56.1bTotal Revenue: CA$179.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Diversified Banks Industry Price to Earnings3Y Average 11.6x202320242025
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 14.7x which is higher than its 3-year average PE of 11.6x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have declined 4.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.9% 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 Market1.22%
Financials2.46%
Banks2.01%
Diversified Banks2.05%
Regional Banks-0.98%
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
TD Toronto-Dominion BankCA$83.136.3%
+CA$8.7b		1.7%PB1.3x
RY Royal Bank of CanadaCA$174.282.0%
+CA$4.9b		30.6%PB2.1x
BMO Bank of MontrealCA$143.322.8%
+CA$2.8b		10.8%PB1.3x
CM Canadian Imperial Bank of CommerceCA$90.661.8%
+CA$1.5b		47.8%PB1.5x
BNS Bank of Nova ScotiaCA$73.571.1%
+CA$946.8m		19.0%PB1.1x
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Latest News

RY

CA$174.28

Royal Bank of Canada

7D

2.0%

1Y

30.6%

BNS

CA$73.57

Bank of Nova Scotia

7D

1.1%

1Y

19.0%

TD

CA$83.13

Toronto-Dominion Bank

7D

6.3%

1Y

1.7%

CM

CA$90.66

Canadian Imperial Bank of Commerce

7D

1.8%

1Y

47.8%

BMO

CA$143.32

Bank of Montreal

7D

2.8%

1Y

10.8%

Bank of Montreal (TSE:BMO) Will Pay A Larger Dividend Than Last Year At CA$1.59

Jan 13
Bank of Montreal (TSE:BMO) Will Pay A Larger Dividend Than Last Year At CA$1.59

NA

CA$128.79

National Bank of Canada

7D

-2.3%

1Y

28.6%

LB

CA$29.18

Laurentian Bank of Canada

7D

3.5%

1Y

8.1%