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Canadian (TSX) Capital Markets Industry Analysis

UpdatedFeb 21, 2026
DataAggregated Company Financials
Companies172
  • 7D-2.1%
  • 3M0.1%
  • 1Y0.7%
  • YTD-2.5%

Over the last 7 days, the Capital Markets industry has dropped 1.3%, driven by declines in Brookfield and Brookfield Asset Management of 3.2% and 3.5%, respectively. In contrast, Sprott has gained 17%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Feb 2026CA$320.2bCA$126.3bCA$8.0b8.6x39.9x2.5x
Mon, 19 Jan 2026CA$335.7bCA$126.2bCA$7.7b9.6x43.5x2.7x
Wed, 17 Dec 2025CA$324.1bCA$124.9bCA$7.7b8.9x42.3x2.6x
Fri, 14 Nov 2025CA$340.3bCA$128.9bCA$7.7b9.1x44.3x2.6x
Sun, 12 Oct 2025CA$327.3bCA$128.6bCA$7.3b10.3x44.8x2.5x
Tue, 09 Sep 2025CA$334.6bCA$126.9bCA$7.2b10.3x46.4x2.6x
Thu, 07 Aug 2025CA$339.2bCA$132.3bCA$6.3b12.1x53.5x2.6x
Sat, 05 Jul 2025CA$318.2bCA$131.1bCA$6.3b11.9x50.2x2.4x
Mon, 02 Jun 2025CA$304.5bCA$132.1bCA$6.4b11.2x47.6x2.3x
Wed, 30 Apr 2025CA$303.0bCA$134.9bCA$4.3b10.7x70.1x2.2x
Fri, 28 Mar 2025CA$307.7bCA$139.1bCA$5.0b12.9x62.2x2.2x
Sun, 23 Feb 2025CA$331.3bCA$142.5bCA$5.4b12.1x61.4x2.3x
Tue, 21 Jan 2025CA$231.3bCA$149.5bCA$5.7b12x40.7x1.5x
Thu, 19 Dec 2024CA$233.8bCA$150.6bCA$5.7b12.2x41x1.6x
Sat, 16 Nov 2024CA$221.9bCA$147.4bCA$5.6b12.1x39.7x1.5x
Mon, 14 Oct 2024CA$202.8bCA$151.3bCA$5.5b10.9x36.9x1.3x
Wed, 11 Sep 2024CA$176.6bCA$149.7bCA$5.5b10.2x32.3x1.2x
Fri, 09 Aug 2024CA$165.6bCA$150.9bCA$5.3b8.5x31.2x1.1x
Sun, 07 Jul 2024CA$163.8bCA$149.9bCA$5.3b10.6x30.7x1.1x
Tue, 04 Jun 2024CA$165.0bCA$150.0bCA$5.3b10.6x31.3x1.1x
Thu, 02 May 2024CA$152.9bCA$157.2bCA$7.3b11x21x1x
Sat, 30 Mar 2024CA$157.2bCA$156.5bCA$8.7b10.6x18.1x1x
Mon, 26 Feb 2024CA$156.5bCA$156.1bCA$7.9b10.3x19.9x1x
Wed, 24 Jan 2024CA$151.6bCA$155.9bCA$6.5b9.6x23.2x1x
Fri, 22 Dec 2023CA$146.8bCA$153.9bCA$6.5b9.2x22.7x1x
Sun, 19 Nov 2023CA$133.4bCA$158.4bCA$6.5b8.5x20.6x0.8x
Tue, 17 Oct 2023CA$129.0bCA$152.6bCA$4.8b11x26.8x0.8x
Thu, 14 Sep 2023CA$137.1bCA$151.9bCA$4.8b11.2x28.5x0.9x
Sat, 12 Aug 2023CA$139.6bCA$153.2bCA$5.8b9x24.1x0.9x
Mon, 10 Jul 2023CA$131.0bCA$149.1bCA$5.7b9.4x22.9x0.9x
Wed, 07 Jun 2023CA$128.8bCA$150.7bCA$6.1b9.4x21.2x0.9x
Fri, 05 May 2023CA$117.1bCA$148.0bCA$7.7b7.4x15.2x0.8x
Sun, 02 Apr 2023CA$132.7bCA$148.4bCA$6.9b8.9x19.2x0.9x
Tue, 28 Feb 2023CA$134.2bCA$149.1bCA$7.5b10.2x17.9x0.9x
Price to Earnings Ratio

17.9x


Total Market Cap: CA$134.2bTotal Earnings: CA$7.5bTotal Revenue: CA$149.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Capital Markets Industry Price to Earnings3Y Average 35.1x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Capital Markets industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 40.9x which is higher than its 3-year average PE of 35.1x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 2.3% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.4% 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 Market1.43%
Financials1.10%
Capital Markets-2.09%
Investment Banking and Brokerage9.67%
Financial Exchanges and Data1.77%
Asset Management-2.29%
Industry PE
  • Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 35.0x.
    • Analysts are expecting annual earnings growth of 14.9%, which is higher than its past year's earnings decline of 3.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Financial Exchanges and Data industry, expecting annual earnings growth of 20% 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 15% 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
SII SprottCA$197.3117.4%
+CA$754.0m		220.3%PE55.2x
PVF.UN Partners Value InvestmentsCA$17.506.1%
+CA$705.1m		17.4%PE190.8x
IGM IGM FinancialCA$67.071.5%
+CA$231.9m		49.3%PE14.3x
X TMX GroupCA$46.111.7%
+CA$219.8m		-8.3%PE30.9x
CF Canaccord Genuity GroupCA$13.2510.0%
+CA$120.5m		54.8%PS0.7x

Latest News

DEFI
CA$0.93
DeFi Technologies
7D
-11.4%
1Y
-77.4%
SII
CA$197.31
Sprott
7D
17.4%
1Y
220.3%
BAM
CA$69.20
Brookfield Asset Management
7D
-3.5%
1Y
-16.9%
ONEX
CA$105.04
Onex
7D
-0.6%
1Y
0.02%
CF
CA$13.25
Canaccord Genuity Group
7D
10.0%
1Y
54.8%
IGM
CA$67.07
IGM Financial
7D
1.5%
1Y
49.3%
X
CA$46.11
TMX Group
7D
1.7%
1Y
-8.3%
BN
CA$62.96
Brookfield
7D
-3.2%
1Y
12.8%
CVG
CA$71.00
Clairvest Group
7D
-2.7%
1Y
1.7%
FIH.U
US$17.96
Fairfax India Holdings
7D
1.4%
1Y
-2.7%
AGF.B
CA$20.07
AGF Management
7D
6.8%
1Y
76.1%

AGF.B: Higher Fair Value And Buybacks Will Support Cautious Yet Constructive Returns

AGF Management's analyst fair value estimate has been raised from C$17.14 to C$19.54, reflecting updated analyst views that incorporate recent price target increases from several Street firms. Analyst Commentary Recent price target revisions across several firms point to a cluster of updated views on AGF Management, which is now reflected in the higher aggregate fair value estimate of C$19.54.
SEC
CA$343.62
Senvest Capital
7D
-5.3%
1Y
-12.5%

Senvest Capital Inc. (TSE:SEC) Looks Inexpensive But Perhaps Not Attractive Enough

Feb 05
Senvest Capital Inc. (TSE:SEC) Looks Inexpensive But Perhaps Not Attractive Enough
STCK
CA$18.02
Stack Capital Group
7D
-7.4%
1Y
49.5%
SLT.U
US$4.25
Saltire Capital
7D
-26.7%
1Y
-24.1%

Saltire Capital Ltd.'s (TSE:SLT.U) Shares Leap 29% Yet They're Still Not Telling The Full Story

Jan 28
Saltire Capital Ltd.'s (TSE:SLT.U) Shares Leap 29% Yet They're Still Not Telling The Full Story
PVF.UN
CA$17.50
Partners Value Investments
7D
6.1%
1Y
17.4%
WNDR
CA$0.32
WonderFi Technologies
7D
3.2%
1Y
28.0%