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Canadian (TSX) Asset Management Industry Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies161
  • 7D-3.1%
  • 3M-1.2%
  • 1Y11.6%
  • YTDn/a

In the last week, the Asset Management industry is flat overall, with Brookfield Asset Management standing out by going down 4.3%. The past year has been better, since the industry has gained 15% in that time. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Canadian Asset Management Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 Jan 2026CA$323.6bCA$122.5bCA$7.5b9.4x42.9x2.6x
Fri, 12 Dec 2025CA$320.1bCA$121.5bCA$7.5b9.1x42.7x2.6x
Sun, 09 Nov 2025CA$317.0bCA$125.1bCA$7.0b9.1x45.5x2.5x
Tue, 07 Oct 2025CA$326.2bCA$124.5bCA$7.0b10.2x46.8x2.6x
Thu, 04 Sep 2025CA$318.0bCA$123.2bCA$6.9b10.3x46x2.6x
Sat, 02 Aug 2025CA$322.7bCA$129.1bCA$6.0b12.2x54.1x2.5x
Mon, 30 Jun 2025CA$292.6bCA$128.3bCA$6.0b11.7x48.9x2.3x
Wed, 28 May 2025CA$290.9bCA$129.4bCA$6.1b11x48x2.2x
Fri, 25 Apr 2025CA$274.9bCA$131.6bCA$3.9b10.9x71x2.1x
Sun, 23 Mar 2025CA$288.8bCA$136.0bCA$4.5b12.4x63.8x2.1x
Tue, 18 Feb 2025CA$324.3bCA$138.6bCA$4.9b12.3x66.4x2.3x
Thu, 16 Jan 2025CA$206.4bCA$146.3bCA$5.2b11.9x39.6x1.4x
Sat, 14 Dec 2024CA$219.6bCA$145.4bCA$5.2b12.2x42.3x1.5x
Mon, 11 Nov 2024CA$207.0bCA$148.4bCA$5.3b10.5x39.3x1.4x
Wed, 09 Oct 2024CA$182.8bCA$145.3bCA$5.1b10.2x36x1.3x
Fri, 06 Sep 2024CA$163.0bCA$143.9bCA$5.0b10.4x32.3x1.1x
Sun, 04 Aug 2024CA$161.3bCA$147.5bCA$5.0b8.7x32.4x1.1x
Tue, 02 Jul 2024CA$150.3bCA$146.3bCA$5.0b9.2x30x1x
Thu, 30 May 2024CA$154.2bCA$145.9bCA$4.9b10.5x31.2x1.1x
Sat, 27 Apr 2024CA$143.6bCA$151.6bCA$7.0b10.5x20.4x0.9x
Mon, 25 Mar 2024CA$146.3bCA$152.6bCA$7.7b10.4x19x1x
Wed, 21 Feb 2024CA$144.1bCA$151.7bCA$7.7b8.9x18.7x1x
Fri, 19 Jan 2024CA$137.5bCA$151.0bCA$6.5b8.6x21.3x0.9x
Sun, 17 Dec 2023CA$137.6bCA$149.8bCA$6.4b8.8x21.5x0.9x
Tue, 14 Nov 2023CA$118.9bCA$153.7bCA$5.8b9x20.4x0.8x
Thu, 12 Oct 2023CA$121.4bCA$147.4bCA$4.7b10.1x25.9x0.8x
Sat, 09 Sep 2023CA$125.1bCA$147.9bCA$4.7b10.3x26.6x0.8x
Mon, 07 Aug 2023CA$124.1bCA$145.9bCA$5.7b8.8x21.6x0.9x
Wed, 05 Jul 2023CA$123.4bCA$143.9bCA$5.5b9.5x22.3x0.9x
Fri, 02 Jun 2023CA$115.6bCA$146.4bCA$5.8b9.9x19.8x0.8x
Sun, 30 Apr 2023CA$123.4bCA$145.6bCA$7.7b8.8x16.1x0.8x
Tue, 28 Mar 2023CA$116.7bCA$145.4bCA$6.7b7.8x17.4x0.8x
Thu, 23 Feb 2023CA$127.0bCA$144.4bCA$6.7b11.6x19.1x0.9x
Sat, 21 Jan 2023CA$127.9bCA$139.3bCA$8.5b9.4x15.1x0.9x
Price to Earnings Ratio

15.1x


Total Market Cap: CA$127.9bTotal Earnings: CA$8.5bTotal Revenue: CA$139.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Asset Management Industry Price to Earnings3Y Average 34.2x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Asset Management and Custody Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 42.8x which is higher than its 3-year average PE of 34.2x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have declined 3.9% per year over the last three years,
  • Revenues have also declined 4.4% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Canadian Asset Management compare with similar industries?

CA Market1.33%
Financials-1.07%
Capital Markets-3.08%
Asset Management-3.08%
Investment Banking and Brokerage-0.62%
Financial Exchanges and Data-3.25%
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
PVF.UN Partners Value InvestmentsCA$18.452.6%
+CA$324.4m		23.0%PE198.3x
FIH.U Fairfax India HoldingsUS$18.105.0%
+US$115.9m		13.8%PE71.1x
DEFI DeFi TechnologiesCA$1.5016.3%
+CA$81.0m		-61.5%PE48.4x
SII SprottCA$150.901.8%
+CA$68.6m		158.2%PE55.7x
QRC Queen's Road Capital InvestmentCA$12.676.4%
+CA$39.0m		86.3%PE3.8x

Latest News

BN
CA$65.64
Brookfield
7D
-3.3%
1Y
23.8%
AGF.B
CA$16.20
AGF Management
7D
-2.8%
1Y
61.5%

AGF.B: Stable Assumptions And Margins Will Support Balanced Future Returns

Analysts have made only a marginal adjustment to their price target for AGF Management, keeping fair value effectively unchanged at $16.54. Small tweaks to inputs such as the discount rate and assumed future P/E are viewed as refinements rather than a shift in the core outlook.
IGM
CA$63.98
IGM Financial
7D
0.4%
1Y
46.7%

IGM: Higher Price Assumptions And Buybacks Will Support A Balanced Return Profile

Analysts have lifted their blended price targets on IGM Financial into a C$54 to C$67 range, a C$3 move at the low and high ends. They cite updated assessments of fair value, discount rate and forward P/E assumptions.
BAM
CA$72.85
Brookfield Asset Management
7D
-4.3%
1Y
-4.2%
DEFI
CA$1.50
DeFi Technologies
7D
16.3%
1Y
-61.5%

DEFI: Execution Will Improve As DeFi Alpha Delays Are Resolved

Narrative Update on DeFi Technologies Analysts have reduced their price target on DeFi Technologies to $2.50 from $5.00, citing delays in the DeFi Alpha initiative as the key reason for a more cautious outlook. Analyst Commentary Recent research points to a more cautious stance on DeFi Technologies after the Q3 report, with the price target reset to US$2.50 from US$5.00.
ONEX
CA$114.02
Onex
7D
-4.3%
1Y
3.1%
GCG.A
CA$67.20
Guardian Capital Group
7D
-0.6%
1Y
54.8%
QRC
CA$12.67
Queen's Road Capital Investment
7D
6.4%
1Y
86.3%

There's No Escaping Queen's Road Capital Investment Ltd.'s (TSE:QRC) Muted Earnings Despite A 29% Share Price Rise

Dec 31
There's No Escaping Queen's Road Capital Investment Ltd.'s (TSE:QRC) Muted Earnings Despite A 29% Share Price Rise
AD.UN
CA$20.50
Alaris Equity Partners Income Trust
7D
-2.6%
1Y
14.4%

Alaris Equity Partners Income Trust (TSE:AD.UN) Will Pay A Larger Dividend Than Last Year At CA$0.37

Dec 25
Alaris Equity Partners Income Trust (TSE:AD.UN) Will Pay A Larger Dividend Than Last Year At CA$0.37
PVF.UN
CA$18.45
Partners Value Investments
7D
2.6%
1Y
23.0%
PALI
CA$2.43
Palisades Goldcorp
7D
-6.5%
1Y
55.8%
SEC
CA$375.00
Senvest Capital
7D
0.9%
1Y
-2.0%
CVG
CA$73.00
Clairvest Group
7D
3.0%
1Y
5.7%
SII
CA$150.90
Sprott
7D
1.8%
1Y
158.2%

Here's Why Sprott (TSE:SII) Has Caught The Eye Of Investors

Nov 30
Here's Why Sprott (TSE:SII) Has Caught The Eye Of Investors
FSZ
CA$6.10
Fiera Capital
7D
-2.6%
1Y
-26.4%
FIH.U
US$18.10
Fairfax India Holdings
7D
5.0%
1Y
13.8%

Shareholders Should Be Pleased With Fairfax India Holdings Corporation's (TSE:FIH.U) Price

Nov 03
Shareholders Should Be Pleased With Fairfax India Holdings Corporation's (TSE:FIH.U) Price