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Canadian (TSX) Capital Markets Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies168
  • 7D0.6%
  • 3M4.0%
  • 1Y5.6%
  • YTD-2.5%

Last week, the Capital Markets industry hasn't moved much but Partners Value Investments is up 6.3% in that time. As for the the longer term, the industry is up 5.6% over the past 12 months. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026CA$317.2bCA$131.1bCA$9.3b10.1x34.3x2.4x
Tue, 28 Apr 2026CA$314.4bCA$126.5bCA$8.8b9.5x35.6x2.5x
Thu, 26 Mar 2026CA$281.0bCA$127.7bCA$8.4b9.4x33.3x2.2x
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
Price to Earnings Ratio

21.2x


Total Market Cap: CA$128.8bTotal Earnings: CA$6.1bTotal Revenue: CA$150.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Capital Markets Industry Price to Earnings3Y Average 36.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Capital Markets 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 36.6x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 15% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.6% 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 Market0.44%
Financials-0.15%
Capital Markets0.64%
Investment Banking and Brokerage2.01%
Asset Management0.87%
Financial Exchanges and Data-3.97%
Industry PE
  • Investors are most optimistic about the Asset Management industry, which is trading close to its 3-year average PE ratio of 36.5x.
    • Analysts are expecting annual earnings growth of 11.6%, which is lower than the prior year's growth of 23.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 24% per year.
  • In contrast, the Financial Exchanges and Data industry is expected to see its earnings grow by 10% 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
PVF.UN Partners Value InvestmentsCA$17.006.3%
+CA$697.9m		17.3%PE130.9x
BAM Brookfield Asset ManagementCA$66.680.6%
+CA$686.6m		-13.6%PE30.6x
ONEX OnexCA$110.084.8%
+CA$383.2m		8.1%PE10.5x
IGM IGM FinancialCA$78.561.4%
+CA$260.3m		79.3%PE15.9x
BN BrookfieldCA$62.810.2%
+CA$223.4m		18.9%PE87.3x

Latest News

BAM
CA$66.68
Brookfield Asset Management
7D
0.6%
1Y
-13.6%
BN
CA$62.81
Brookfield
7D
0.2%
1Y
18.9%
STCK
CA$33.20
Stack Capital Group
7D
-3.7%
1Y
172.1%
QRC
CA$14.30
Queen's Road Capital Investment
7D
-3.6%
1Y
120.0%
OLY
CA$103.07
Olympia Financial Group
7D
-10.4%
1Y
-6.3%
IGM
CA$78.56
IGM Financial
7D
1.4%
1Y
79.3%
ONEX
CA$110.08
Onex
7D
4.8%
1Y
8.1%
AGF.B
CA$17.42
AGF Management
7D
3.0%
1Y
48.9%
Narrative Update • May 20

AGF.B: Dividend Strength And Policy Insights Will Shape Future Return Profile

AGF Management's updated narrative price target has edged lower by about CA$0.14 to CA$19.79. This reflects a blend of recent target cuts and raises from analysts who are reassessing the stock's valuation and discount rate assumptions.
FIH.U
US$17.70
Fairfax India Holdings
7D
3.8%
1Y
-2.5%
X
CA$51.59
TMX Group
7D
-4.1%
1Y
-7.0%
SII
CA$181.47
Sprott
7D
5.0%
1Y
128.1%
CKI
CA$27.00
Clarke
7D
-4.3%
1Y
20.0%
HODL
CA$2.07
Sol Strategies
7D
-8.4%
1Y
-91.1%
PXI
CA$0.33
Planet Ventures
7D
-18.2%
1Y
441.7%
PVF.UN
CA$17.00
Partners Value Investments
7D
6.3%
1Y
17.3%
ROVA
CA$0.06
Altrova Health
7D
-25.0%
1Y
-47.8%