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Canadian (TSX) Asset Management Industry Analysis

UpdatedJul 13, 2026
DataAggregated Company Financials
Companies153
  • 7D-0.6%
  • 3M0.8%
  • 1Y0.2%
  • YTDn/a

Over the last 7 days, the Asset Management industry has remained flat, although notably IGM Financial gained 3.7%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Jul 2026CA$299.5bCA$130.5bCA$9.2b10.1x32.5x2.3x
Thu, 11 Jun 2026CA$301.8bCA$128.6bCA$9.1b9.8x33.3x2.3x
Sat, 09 May 2026CA$304.2bCA$123.8bCA$8.8b9.1x34.4x2.5x
Mon, 06 Apr 2026CA$277.9bCA$125.1bCA$8.5b7.9x32.6x2.2x
Wed, 04 Mar 2026CA$294.0bCA$123.1bCA$8.5b8.3x34.6x2.4x
Fri, 30 Jan 2026CA$309.9bCA$119.2bCA$7.4b9.3x41.9x2.6x
Sun, 28 Dec 2025CA$311.5bCA$120.7bCA$7.5b8.7x41.7x2.6x
Tue, 25 Nov 2025CA$303.8bCA$124.1bCA$7.5b8.7x40.7x2.4x
Thu, 23 Oct 2025CA$318.8bCA$124.7bCA$7.0b8.3x45.6x2.6x
Sat, 20 Sep 2025CA$330.3bCA$123.1bCA$6.9b8.9x47.8x2.7x
Mon, 18 Aug 2025CA$320.1bCA$123.2bCA$6.9b11.3x46.7x2.6x
Wed, 16 Jul 2025CA$302.5bCA$128.5bCA$6.0b12.3x50.5x2.4x
Fri, 13 Jun 2025CA$287.9bCA$127.5bCA$6.0b11.4x48.3x2.3x
Sun, 11 May 2025CA$307.8bCA$125.7bCA$4.3b10.8x72.3x2.4x
Tue, 08 Apr 2025CA$252.1bCA$135.0bCA$3.9b12.5x65.2x1.9x
Thu, 06 Mar 2025CA$287.5bCA$136.0bCA$4.4b12.1x64.7x2.1x
Sat, 01 Feb 2025CA$230.8bCA$148.3bCA$5.3b12x43.6x1.6x
Mon, 30 Dec 2024CA$214.4bCA$147.2bCA$5.2b12.2x41x1.5x
Wed, 27 Nov 2024CA$207.6bCA$143.8bCA$5.1b10.7x41x1.4x
Fri, 25 Oct 2024CA$192.1bCA$147.3bCA$5.1b11.4x37.4x1.3x
Sun, 22 Sep 2024CA$179.6bCA$144.4bCA$5.1b10.5x35.5x1.2x
Tue, 20 Aug 2024CA$163.5bCA$145.1bCA$5.0b10.6x32.5x1.1x
Thu, 18 Jul 2024CA$167.2bCA$145.8bCA$5.0b9.3x33.5x1.1x
Sat, 15 Jun 2024CA$149.1bCA$146.2bCA$5.0b10x30x1x
Mon, 13 May 2024CA$155.4bCA$145.6bCA$5.0b10.9x31.2x1.1x
Wed, 10 Apr 2024CA$144.7bCA$150.6bCA$7.0b10.5x20.7x1x
Fri, 08 Mar 2024CA$149.1bCA$151.0bCA$7.6b11x19.6x1x
Sun, 04 Feb 2024CA$140.5bCA$150.6bCA$6.4b8.6x21.8x0.9x
Tue, 02 Jan 2024CA$139.4bCA$148.5bCA$6.4b9x21.9x0.9x
Thu, 30 Nov 2023CA$129.8bCA$153.6bCA$7.7b7.1x16.8x0.8x
Sat, 28 Oct 2023CA$111.0bCA$150.2bCA$4.8b10x23.4x0.7x
Mon, 25 Sep 2023CA$120.6bCA$146.2bCA$4.7b9.7x25.9x0.8x
Wed, 23 Aug 2023CA$119.6bCA$149.5bCA$5.7b9.8x21x0.8x
Fri, 21 Jul 2023CA$129.0bCA$143.4bCA$5.5b9.6x23.3x0.9x
Price to Earnings Ratio

23.3x


Total Market Cap: CA$129.0bTotal Earnings: CA$5.5bTotal Revenue: CA$143.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Asset Management Industry Price to Earnings3Y Average 37x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Asset Management and Custody Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 32.5x which is lower than its 3-year average PE of 36.9x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 19% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.1% 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 Market0.16%
Financials0.33%
Capital Markets-0.50%
Asset Management-0.59%
Financial Exchanges and Data1.72%
Investment Banking and Brokerage-0.48%
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
IGM IGM FinancialCA$82.862.3%
+CA$438.5m		93.7%PE16.7x
AGF.B AGF ManagementCA$21.754.1%
+CA$55.1m		71.4%PE10.1x
QRC Queen's Road Capital InvestmentCA$13.455.1%
+CA$34.6m		90.2%PE1.5x
AD.UN Alaris Equity Partners Income TrustCA$24.661.9%
+CA$21.4m		30.5%PE10.4x
CKI ClarkeCA$23.474.5%
+CA$15.8m		-16.4%PE12.3x

Latest News

BN
CA$61.40
Brookfield
7D
-1.7%
1Y
5.2%
IGM
CA$82.86
IGM Financial
7D
2.3%
1Y
93.7%
Narrative Update • Jul 10

IGM: Record Asset Flows And AI Fund Commitment May Support Steady Returns

The analyst price target for IGM Financial has been raised by CA$2.25 to CA$79.38. This change reflects updated analyst expectations that incorporate revised fair value assumptions and refreshed views on revenue growth, profitability, and future P/E levels following a series of recent price target increases across the Street.
BAM
CA$66.01
Brookfield Asset Management
7D
-1.1%
1Y
-15.5%
Narrative Update • Jul 10

BAM: AI Infrastructure Partnerships Will Drive Long Duration Fee Opportunities

Analysts have nudged the fair value estimate for Brookfield Asset Management higher to about CA$98.00 from roughly CA$95.10, reflecting updated assumptions on discount rate, growth, margins and P/E. This comes alongside Street research that highlights both expanded partnerships and mixed adjustments to individual price targets, including Piper Sandler's lift to CA$50 and TD Securities' revision to CA$69.
PXI
CA$0.20
Planet Ventures
7D
21.2%
1Y
-50.0%
CKI
CA$23.47
Clarke
7D
4.5%
1Y
-16.4%
AGF.B
CA$21.75
AGF Management
7D
4.1%
1Y
71.4%
Narrative Update • Jul 09

AGF.B: Future Performance Will Hinge On AUM Momentum And Margin Execution

AGF Management’s fair value estimate has been lifted from CA$16.50 to CA$20.00, as analysts point to higher Street price targets, including the recent CA$23 and CA$21 moves, along with updated assumptions for revenue growth, profit margins, and a lower future P/E. Analyst Commentary Recent Street commentary on AGF Management highlights a mix of optimism and caution, with some firms lifting price targets while others trim expectations and flag execution and valuation risks.
DEFI
CA$0.64
DeFi Technologies
7D
-14.7%
1Y
-85.8%
Narrative Update • Jul 08

DEFI: Building Through Crypto Downturn Will Drive Future Rebound Potential

DeFi Technologies' average analyst price target has been revised lower, with recent moves including cuts from CA$1.00 to CA$0.90 and from CA$3.00 to CA$2.00, as analysts factor in more conservative revenue growth, slimmer expected profit margins, and a higher future P/E assumption, while still citing the company's focus on building capabilities during weaker crypto conditions. Analyst Commentary Recent Street research on DeFi Technologies points to a more cautious tone, with multiple price target cuts framing how analysts see the balance between the company’s growth ambitions and the risks around execution, profitability, and valuation.
AD.UN
CA$24.66
Alaris Equity Partners Income Trust
7D
1.9%
1Y
30.5%
ONEX
CA$106.22
Onex
7D
-5.5%
1Y
-7.2%
HODL
CA$1.81
Sol Strategies
7D
-17.4%
1Y
-88.7%
SEC
CA$405.00
Senvest Capital
7D
1.3%
1Y
20.1%
SII
CA$147.45
Sprott
7D
-12.6%
1Y
49.1%
QRC
CA$13.45
Queen's Road Capital Investment
7D
5.1%
1Y
90.2%
WI
CA$1.06
Western Investment Company of Canada
7D
3.9%
1Y
65.6%
WED
CA$22.44
Westaim
7D
-1.0%
1Y
-26.5%
FIH.U
US$18.30
Fairfax India Holdings
7D
-1.0%
1Y
-5.9%