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Canadian (TSX) Capital Markets Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies169
  • 7D3.8%
  • 3M-14.5%
  • 1Y17.5%
  • YTD-10.6%

In the last week, the Capital Markets industry is up 3.8%, with Brookfield up 5.1%. This means that the industry has gained 18% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

Has the Canadian Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026CA$293.2bCA$128.6bCA$8.7b8.2x33.8x2.3x
Thu, 05 Mar 2026CA$304.1bCA$126.6bCA$8.6b8.3x35.2x2.4x
Sat, 31 Jan 2026CA$320.1bCA$123.8bCA$7.6b8.9x42.1x2.6x
Mon, 29 Dec 2025CA$327.4bCA$124.2bCA$7.6b8.7x42.9x2.6x
Wed, 26 Nov 2025CA$326.7bCA$127.5bCA$7.6b8.7x42.8x2.6x
Fri, 24 Oct 2025CA$331.4bCA$128.4bCA$7.3b8.7x45.4x2.6x
Sun, 21 Sep 2025CA$348.5bCA$126.8bCA$7.2b9.6x48.3x2.7x
Tue, 19 Aug 2025CA$326.3bCA$126.7bCA$7.1b11.8x45.8x2.6x
Thu, 17 Jul 2025CA$318.3bCA$131.7bCA$6.4b12.2x49.9x2.4x
Sat, 14 Jun 2025CA$304.9bCA$130.9bCA$6.3b11.4x48.1x2.3x
Mon, 12 May 2025CA$324.8bCA$129.3bCA$4.7b10.8x69.5x2.5x
Wed, 09 Apr 2025CA$263.1bCA$138.6bCA$4.3b12.4x60.8x1.9x
Fri, 07 Mar 2025CA$308.9bCA$139.2bCA$4.9b12x62.5x2.2x
Sun, 02 Feb 2025CA$242.4bCA$151.7bCA$5.8b12.3x42.1x1.6x
Tue, 31 Dec 2024CA$228.1bCA$149.9bCA$5.7b12.3x40.1x1.5x
Thu, 28 Nov 2024CA$228.8bCA$146.8bCA$5.5b11.3x41.4x1.6x
Sat, 26 Oct 2024CA$207.3bCA$152.6bCA$5.5b10.8x37.4x1.4x
Mon, 23 Sep 2024CA$192.8bCA$149.3bCA$5.5b10.5x35.4x1.3x
Wed, 21 Aug 2024CA$175.7bCA$149.9bCA$5.5b10.6x32.2x1.2x
Fri, 19 Jul 2024CA$177.9bCA$150.8bCA$5.4b9.8x33.3x1.2x
Sun, 16 Jun 2024CA$159.9bCA$150.9bCA$5.3b10.3x30x1.1x
Tue, 14 May 2024CA$165.9bCA$150.4bCA$5.3b11.1x31.2x1.1x
Thu, 11 Apr 2024CA$156.6bCA$156.4bCA$7.3b10.5x21.5x1x
Sat, 09 Mar 2024CA$158.3bCA$156.0bCA$7.9b12.2x20.1x1x
Mon, 05 Feb 2024CA$150.8bCA$155.7bCA$6.5b9.1x23.1x1x
Wed, 03 Jan 2024CA$146.4bCA$154.4bCA$6.5b9.2x22.6x0.9x
Fri, 01 Dec 2023CA$141.7bCA$158.5bCA$8.0b7.8x17.7x0.9x
Sun, 29 Oct 2023CA$120.2bCA$155.1bCA$4.9b10x24.7x0.8x
Tue, 26 Sep 2023CA$129.6bCA$151.0bCA$4.8b10.7x27x0.9x
Thu, 24 Aug 2023CA$130.6bCA$153.0bCA$5.3b9.8x24.7x0.9x
Sat, 22 Jul 2023CA$139.6bCA$148.5bCA$5.8b9.7x24.2x0.9x
Mon, 19 Jun 2023CA$132.2bCA$148.5bCA$5.9b9.4x22.3x0.9x
Wed, 17 May 2023CA$125.2bCA$151.7bCA$5.9b9.8x21.2x0.8x
Fri, 14 Apr 2023CA$132.8bCA$147.9bCA$8.1b8.2x16.3x0.9x
Price to Earnings Ratio

16.3x


Total Market Cap: CA$132.8bTotal Earnings: CA$8.1bTotal Revenue: CA$147.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Capital Markets Industry Price to Earnings3Y Average 35.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Capital Markets industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 35.8x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 2.1% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.5% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

CA Market3.67%
Financials4.05%
Capital Markets3.82%
Asset Management3.88%
Financial Exchanges and Data2.84%
Investment Banking and Brokerage1.67%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 31.3x.
    • Analysts are expecting annual earnings growth of 19.3%, which is higher than its past year's earnings decline of 13.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Financial Exchanges and Data industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Asset Management industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BN BrookfieldCA$56.725.1%
+CA$6.2b		30.4%PE80x
BAM Brookfield Asset ManagementCA$61.572.4%
+CA$2.4b		-0.6%PE28.6x
IGM IGM FinancialCA$67.225.5%
+CA$819.4m		67.2%PE14.3x
X TMX GroupCA$49.582.9%
+CA$386.7m		2.4%PE33.2x
SII SprottCA$201.467.8%
+CA$374.9m		248.8%PE55.4x

Latest News

TNX
CA$0.17
TenX Protocols
7D
-22.7%
1Y
n/a
DEFI
CA$1.09
DeFi Technologies
7D
38.0%
1Y
-55.3%

DEFI: Nasdaq Compliance Resolution Will Drive Future Upside Repricing Potential

Analysts have revised their CA$ price target on DeFi Technologies, reflecting updated views on the discount rate, revenue growth assumptions, profit margin outlook, and a higher future P/E multiple. They are framing the new target as better aligned with the company’s current risk and earnings profile.
SEC
CA$340.00
Senvest Capital
7D
-1.4%
1Y
0.4%
ONEX
CA$103.13
Onex
7D
4.6%
1Y
14.2%
SLT.U
US$5.00
Saltire Capital
7D
-5.7%
1Y
0%
BN
CA$56.72
Brookfield
7D
5.1%
1Y
30.4%
HFC
CA$0.41
Hampton Financial
7D
-10.0%
1Y
1.3%
WED
CA$23.25
Westaim
7D
-1.6%
1Y
-20.4%
IGM
CA$67.22
IGM Financial
7D
5.5%
1Y
67.2%

IGM: Higher Payouts And Buybacks Will Support A Steady Return Profile

The analyst price target for IGM Financial is now set at CA$69.75. This reflects a blended view of recent Street target increases into the CA$67 to CA$76 range, supported by analysts citing updated assumptions for discount rates and valuation multiples.
BAM
CA$61.57
Brookfield Asset Management
7D
2.4%
1Y
-0.6%
SII
CA$201.46
Sprott
7D
7.8%
1Y
248.8%
LITT
CA$0.40
FutureGen Industries
7D
-11.1%
1Y
n/a
FIH.U
US$16.50
Fairfax India Holdings
7D
2.5%
1Y
9.1%
X
CA$49.58
TMX Group
7D
2.9%
1Y
2.4%
TORR
CA$0.51
Torrent Capital
7D
-10.5%
1Y
43.7%
STCQ
CA$0.005
Stock Trend Capital
7D
-50.0%
1Y
-50.0%