TMX Group Limited's (TSE:X) P/E Is On The Mark
Apr 18
Canadian (TSX) Financial Exchanges and Data Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies4
- 7D-0.3%
- 3M10.1%
- 1Y33.3%
- YTDn/a
Last week, the Financial Exchanges and Data industry hasn't moved much but FRNT Financial is up 15% in that time. As for the the longer term, the industry is up 33% over the past 12 months. Earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Canadian Financial Exchanges and Data Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | CA$10.3b | CA$3.0b | CA$319.4m | 28.4x | 32.2x | 3.5x |
| Sun, 17 Mar 2024 | CA$9.6b | CA$2.9b | CA$313.8m | 23.7x | 30.5x | 3.2x |
| Tue, 13 Feb 2024 | CA$9.7b | CA$2.9b | CA$312.8m | 26.9x | 30.9x | 3.3x |
| Thu, 11 Jan 2024 | CA$9.1b | CA$3.4b | CA$247.4m | 32.4x | 36.9x | 2.7x |
| Sat, 09 Dec 2023 | CA$8.5b | CA$3.4b | CA$247.4m | 31.3x | 34.5x | 2.5x |
| Mon, 06 Nov 2023 | CA$8.3b | CA$3.4b | CA$237.2m | 15.1x | 35x | 2.5x |
| Wed, 04 Oct 2023 | CA$8.3b | CA$3.2b | CA$248.2m | 16x | 33.5x | 2.6x |
| Fri, 01 Sep 2023 | CA$8.6b | CA$3.2b | CA$248.2m | 18.1x | 34.7x | 2.7x |
| Sun, 30 Jul 2023 | CA$8.6b | CA$3.2b | CA$356.7m | 11.6x | 24.2x | 2.7x |
| Tue, 27 Jun 2023 | CA$8.2b | CA$2.9b | CA$273.3m | 11.2x | 29.9x | 2.8x |
| Thu, 25 May 2023 | CA$8.1b | CA$2.9b | CA$273.2m | 11.1x | 29.8x | 2.8x |
| Sat, 22 Apr 2023 | CA$7.8b | CA$2.5b | CA$594.7m | 7.1x | 13.1x | 3.1x |
| Mon, 20 Mar 2023 | CA$7.7b | CA$2.5b | CA$732.6m | 7x | 10.5x | 3.1x |
| Wed, 15 Feb 2023 | CA$7.8b | CA$2.5b | CA$724.2m | 7.1x | 10.8x | 3.1x |
| Fri, 13 Jan 2023 | CA$7.8b | CA$2.1b | CA$713.3m | 7.3x | 10.9x | 3.7x |
| Sun, 11 Dec 2022 | CA$7.8b | CA$2.1b | CA$719.4m | 7.3x | 10.9x | 3.7x |
| Tue, 08 Nov 2022 | CA$7.6b | CA$2.1b | CA$408.2m | 732.9x | 18.7x | 3.6x |
| Thu, 06 Oct 2022 | CA$7.8b | CA$1.8b | CA$404.2m | 738.6x | 19.3x | 4.2x |
| Sat, 03 Sep 2022 | CA$7.6b | CA$1.8b | CA$404.2m | 1025x | 18.8x | 4.1x |
| Mon, 01 Aug 2022 | CA$7.6b | CA$1.8b | CA$315.0m | 13.9x | 24.2x | 4.2x |
| Wed, 29 Jun 2022 | CA$7.5b | CA$1.7b | CA$299.1m | 14.2x | 25.2x | 4.4x |
| Fri, 27 May 2022 | CA$7.8b | CA$1.1b | CA$382.5m | 15x | 20.4x | 7.1x |
| Sun, 24 Apr 2022 | CA$7.5b | CA$1.0b | CA$327.0m | 20.9x | 22.9x | 7.1x |
| Tue, 22 Mar 2022 | CA$9.0b | CA$1.6b | CA$259.6m | 18.8x | 34.6x | 5.7x |
| Thu, 17 Feb 2022 | CA$9.4b | CA$1.6b | CA$258.8m | 20x | 36.1x | 5.9x |
| Sat, 15 Jan 2022 | CA$9.6b | CA$1.3b | CA$229.1m | 19.1x | 41.7x | 7.2x |
| Mon, 13 Dec 2021 | CA$10.0b | CA$1.3b | CA$227.8m | 19x | 43.9x | 7.5x |
| Wed, 10 Nov 2021 | CA$11.7b | CA$1.2b | CA$253.8m | 27.5x | 46x | 9.7x |
| Fri, 08 Oct 2021 | CA$7.5b | CA$981.9m | CA$315.5m | 23.8x | 23.8x | 7.6x |
| Sun, 05 Sep 2021 | CA$7.8b | CA$981.9m | CA$315.5m | 24.8x | 24.8x | 8x |
| Tue, 03 Aug 2021 | CA$7.6b | CA$981.9m | CA$315.5m | 24.1x | 24.1x | 7.8x |
| Fri, 07 May 2021 | CA$7.6b | CA$973.1m | CA$306.0m | 24.9x | 24.9x | 7.8x |
Price to Earnings Ratio
24.9x
Current Industry PE
- Investors are optimistic on the Canadian Financial Exchanges and Data industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 32.2x which is higher than its 3-year average PE of 26.3x.
- The 3-year average PS ratio of 4.8x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Financial Exchanges and Data industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 45% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Canadian Financial Exchanges and Data compare with similar industries?
| CA Market | -1.94% | |
| Financials | -1.93% | |
| Capital Markets | -2.46% | |
| Financial Exchanges and Data | -0.32% | |
| Investment Banking and Brokerage | 1.78% | |
| Diversified Capital Markets | 0% | |
| Asset Management | -2.64% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FRNT FRNT Financial | CA$0.62 | 14.8% +CA$2.8m | 31.9% | PS21.3x |