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Canadian (TSX) Asset Management Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies161
  • 7D-5.2%
  • 3M-8.2%
  • 1Y-3.5%
  • YTDn/a

Over the last 7 days, the Asset Management industry has dropped 5.2%, driven by a pullback from Brookfield Asset Management of 8.0%. In contrast, Sprott has gained 12%. However, the industry is down 3.5% over 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 Asset Management Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026CA$301.7bCA$122.9bCA$8.5b8x35.6x2.5x
Tue, 27 Jan 2026CA$311.8bCA$121.1bCA$7.5b9.9x41.8x2.6x
Thu, 25 Dec 2025CA$311.5bCA$120.7bCA$7.5b9x41.7x2.6x
Sat, 22 Nov 2025CA$299.9bCA$124.0bCA$7.5b9x40.2x2.4x
Mon, 20 Oct 2025CA$315.0bCA$125.0bCA$7.0b10x45x2.5x
Wed, 17 Sep 2025CA$323.3bCA$122.8bCA$6.9b10.3x46.9x2.6x
Fri, 15 Aug 2025CA$323.7bCA$123.2bCA$6.8b11.3x47.4x2.6x
Sun, 13 Jul 2025CA$298.2bCA$128.2bCA$6.0b12.2x49.9x2.3x
Tue, 10 Jun 2025CA$291.7bCA$128.2bCA$6.0b11.4x48.7x2.3x
Thu, 08 May 2025CA$282.9bCA$131.7bCA$4.1b11.1x68.4x2.1x
Sat, 05 Apr 2025CA$268.9bCA$134.9bCA$3.9b12.9x69.7x2x
Mon, 03 Mar 2025CA$307.9bCA$137.1bCA$4.5b12x69x2.2x
Wed, 29 Jan 2025CA$222.0bCA$147.0bCA$5.2b11.9x42.4x1.5x
Fri, 27 Dec 2024CA$215.4bCA$147.1bCA$5.2b12.1x41.2x1.5x
Sun, 24 Nov 2024CA$207.8bCA$143.0bCA$5.1b11.3x40.8x1.5x
Tue, 22 Oct 2024CA$197.7bCA$147.2bCA$5.1b11.6x38.6x1.3x
Thu, 19 Sep 2024CA$174.4bCA$145.0bCA$5.1b10.5x34.4x1.2x
Sat, 17 Aug 2024CA$161.1bCA$145.6bCA$5.0b10.6x31.9x1.1x
Mon, 15 Jul 2024CA$161.4bCA$145.2bCA$5.0b9.4x32.4x1.1x
Wed, 12 Jun 2024CA$151.7bCA$146.4bCA$4.9b10.3x30.7x1x
Fri, 10 May 2024CA$154.6bCA$150.7bCA$6.5b11.1x23.8x1x
Sun, 07 Apr 2024CA$143.9bCA$150.8bCA$7.0b10.5x20.6x1x
Tue, 05 Mar 2024CA$147.7bCA$152.2bCA$7.6b10.8x19.3x1x
Thu, 01 Feb 2024CA$143.9bCA$150.5bCA$6.4b8.6x22.4x1x
Sat, 30 Dec 2023CA$139.7bCA$148.5bCA$6.4b8.7x22x0.9x
Mon, 27 Nov 2023CA$123.9bCA$152.4bCA$6.3b7.7x19.6x0.8x
Wed, 25 Oct 2023CA$116.9bCA$149.6bCA$5.9b10.5x19.8x0.8x
Fri, 22 Sep 2023CA$121.2bCA$146.3bCA$4.7b9.6x26x0.8x
Sun, 20 Aug 2023CA$123.3bCA$149.4bCA$5.7b9.8x21.7x0.8x
Tue, 18 Jul 2023CA$126.6bCA$143.5bCA$5.5b9.5x22.9x0.9x
Thu, 15 Jun 2023CA$123.2bCA$145.2bCA$5.8b9.5x21.2x0.8x
Sat, 13 May 2023CA$116.9bCA$147.7bCA$5.6b9.6x21x0.8x
Mon, 10 Apr 2023CA$120.2bCA$145.3bCA$7.7b8.2x15.7x0.8x
Wed, 08 Mar 2023CA$124.3bCA$146.5bCA$6.8b9.3x18.2x0.8x
Price to Earnings Ratio

18.2x


Total Market Cap: CA$124.3bTotal Earnings: CA$6.8bTotal Revenue: CA$146.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Asset Management Industry Price to Earnings3Y Average 35.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Asset Management and Custody Banks 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 35.2x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 7.6% 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 Comparison

How does Canadian Asset Management compare with similar industries?

CA Market1.75%
Financials-1.54%
Capital Markets-4.97%
Asset Management-5.20%
Investment Banking and Brokerage1.09%
Financial Exchanges and Data-0.23%
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
SII SprottCA$221.2212.1%
+CA$616.5m		260.5%PE62.1x
IGM IGM FinancialCA$67.861.2%
+CA$185.1m		48.8%PE14.4x
PALI Palisades GoldcorpCA$3.2327.7%
+CA$47.5m		107.1%PE5.7x
AGF.B AGF ManagementCA$20.522.2%
+CA$29.1m		72.3%PE10.3x
QRC Queen's Road Capital InvestmentCA$14.102.9%
+CA$20.5m		107.4%PE4.3x

Latest News

DEFI
CA$0.95
DeFi Technologies
7D
2.2%
1Y
-71.6%
SII
CA$221.22
Sprott
7D
12.1%
1Y
260.5%
BAM
CA$63.69
Brookfield Asset Management
7D
-8.0%
1Y
-22.1%
IGM
CA$67.86
IGM Financial
7D
1.2%
1Y
48.8%

IGM: Higher Profit Assumptions And Capital Returns Will Shape A Measured Outlook

The analyst price target on IGM Financial has edged higher by about CA$1.63 to CA$69.75, as analysts factor in a slightly lower discount rate, a higher assumed profit margin, and a modestly lower future P/E multiple following recent target increases from several firms. Analyst Commentary Recent target changes cluster in a relatively tight CA$67 to CA$76 range, which indicates that analysts are updating their models in light of new assumptions on discount rates, profit margins, and valuation multiples.
ONEX
CA$101.43
Onex
7D
-3.4%
1Y
-5.1%
PALI
CA$3.23
Palisades Goldcorp
7D
27.7%
1Y
107.1%
AGF.B
CA$20.52
AGF Management
7D
2.2%
1Y
72.3%

AGF.B: Higher Price Expectations And Buybacks Will Support Balanced Future Returns

AGF Management's analyst price target has been revised to CA$19.54. The adjustment is supported by recent target increases from multiple firms as analysts update their models and assumptions in line with current forecasts for discount rate, revenue growth, profit margin and future P/E.
BN
CA$59.82
Brookfield
7D
-5.0%
1Y
7.2%
FIH.U
US$17.65
Fairfax India Holdings
7D
-1.7%
1Y
-1.9%
WED
CA$23.79
Westaim
7D
-1.9%
1Y
-26.8%
PXI
CA$0.30
Planet Ventures
7D
-30.7%
1Y
408.3%
QRC
CA$14.10
Queen's Road Capital Investment
7D
2.9%
1Y
107.4%
WI
CA$0.96
Western Investment Company of Canada
7D
14.3%
1Y
47.7%
VST
CA$0.51
Victory Square Technologies
7D
-17.7%
1Y
137.2%

Market Cool On Victory Square Technologies Inc.'s (CSE:VST) Revenues

Jan 21
Market Cool On Victory Square Technologies Inc.'s (CSE:VST) Revenues
PVF.UN
CA$16.75
Partners Value Investments
7D
-4.3%
1Y
13.2%
ROBO
CA$0.72
Humanoid Global Holdings
7D
67.4%
1Y
620.0%