Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Capital Markets Industry Analysis

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies164
  • 7D-3.4%
  • 3M-5.0%
  • 1Y7.2%
  • YTD-5.9%

Over the last 7 days, the Capital Markets industry has dropped 3.4%, driven by Brookfield declining 4.8%. In the past year, the industry has gained 7.2%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Apr 2026CA$309.8bCA$126.9bCA$8.8b8.7x35x2.4x
Fri, 27 Mar 2026CA$285.7bCA$128.0bCA$8.4b9.3x33.9x2.2x
Sun, 22 Feb 2026CA$321.2bCA$127.0bCA$8.6b7.9x37.1x2.5x
Tue, 20 Jan 2026CA$335.7bCA$125.8bCA$7.7b9.6x43.6x2.7x
Thu, 18 Dec 2025CA$322.8bCA$125.1bCA$7.7b9x42.1x2.6x
Sat, 15 Nov 2025CA$323.1bCA$126.8bCA$7.8b9.7x41.5x2.5x
Mon, 13 Oct 2025CA$327.3bCA$128.6bCA$7.3b10.3x44.8x2.5x
Wed, 10 Sep 2025CA$329.3bCA$127.3bCA$7.2b10.3x45.5x2.6x
Fri, 08 Aug 2025CA$341.3bCA$132.6bCA$6.5b12.1x52.4x2.6x
Sun, 06 Jul 2025CA$317.3bCA$131.1bCA$6.3b11.9x50x2.4x
Tue, 03 Jun 2025CA$304.5bCA$131.9bCA$6.4b11.3x47.7x2.3x
Thu, 01 May 2025CA$294.8bCA$134.4bCA$4.3b10.8x68.4x2.2x
Sat, 29 Mar 2025CA$307.3bCA$139.1bCA$4.4b12.9x69.4x2.2x
Mon, 24 Feb 2025CA$330.7bCA$142.5bCA$5.4b12.1x61.3x2.3x
Wed, 22 Jan 2025CA$230.7bCA$149.7bCA$5.7b12x40.6x1.5x
Fri, 20 Dec 2024CA$223.3bCA$150.2bCA$5.7b12x39.2x1.5x
Sun, 17 Nov 2024CA$219.5bCA$147.4bCA$5.6b11.8x39.1x1.5x
Tue, 15 Oct 2024CA$202.8bCA$151.3bCA$5.5b10.9x36.9x1.3x
Thu, 12 Sep 2024CA$180.1bCA$149.4bCA$5.5b10.3x33x1.2x
Sat, 10 Aug 2024CA$169.6bCA$150.9bCA$5.4b9.8x31.1x1.1x
Mon, 08 Jul 2024CA$163.8bCA$149.9bCA$5.3b10.6x30.7x1.1x
Wed, 05 Jun 2024CA$165.4bCA$150.4bCA$5.3b10.7x31.4x1.1x
Fri, 03 May 2024CA$154.8bCA$156.4bCA$7.3b11.7x21.3x1x
Sun, 31 Mar 2024CA$159.0bCA$155.0bCA$7.3b10.9x21.9x1x
Tue, 27 Feb 2024CA$155.3bCA$156.1bCA$7.9b9.9x19.7x1x
Thu, 25 Jan 2024CA$152.0bCA$156.5bCA$6.6b9.6x23.2x1x
Sat, 23 Dec 2023CA$149.4bCA$153.7bCA$6.5b9.3x23.1x1x
Mon, 20 Nov 2023CA$132.8bCA$158.4bCA$6.4b8.5x20.6x0.8x
Wed, 18 Oct 2023CA$129.7bCA$152.8bCA$4.8b11x26.9x0.8x
Fri, 15 Sep 2023CA$137.1bCA$151.6bCA$4.8b11.2x28.5x0.9x
Sun, 13 Aug 2023CA$139.6bCA$153.2bCA$5.8b9x24.1x0.9x
Tue, 11 Jul 2023CA$130.3bCA$149.1bCA$5.7b9.5x22.8x0.9x
Thu, 08 Jun 2023CA$128.7bCA$150.4bCA$6.1b9.3x21.2x0.9x
Sat, 06 May 2023CA$119.5bCA$146.6bCA$7.8b8.3x15.3x0.8x
Price to Earnings Ratio

15.3x


Total Market Cap: CA$119.5bTotal Earnings: CA$7.8bTotal Revenue: CA$146.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Capital Markets Industry Price to Earnings3Y Average 36.1x202420252026
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 36.1x.
  • The 3-year average PS ratio of 1.6x 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 4.3% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.7% 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 Market-0.36%
Financials-0.36%
Capital Markets-3.36%
Financial Exchanges and Data1.18%
Asset Management-3.56%
Investment Banking and Brokerage-6.78%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry which is trading above its 3-year average PE ratio of 31.8x.
    • Analysts are expecting annual earnings growth of 19.5%, which is higher than its past year's earnings decline of 13.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Financial Exchanges and Data industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Asset Management industry is expected to see its earnings grow by 11% 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
X TMX GroupCA$54.511.2%
+CA$171.8m		-0.7%PE36.3x
CKI ClarkeCA$26.518.2%
+CA$25.9m		17.6%PE26.4x
AGF.B AGF ManagementCA$15.722.5%
+CA$25.1m		54.1%PE8.8x
QRC Queen's Road Capital InvestmentCA$15.762.7%
+CA$20.9m		135.2%PE1.8x
WI Western Investment Company of CanadaCA$0.938.1%
+CA$11.2m		66.1%PS4.2x

Latest News

DEFI
CA$1.00
DeFi Technologies
7D
-9.1%
1Y
-74.5%
QRC
CA$15.76
Queen's Road Capital Investment
7D
2.7%
1Y
135.2%
ONEX
CA$113.28
Onex
7D
-2.4%
1Y
16.1%
HODL
CA$1.88
Sol Strategies
7D
10.6%
1Y
-92.8%
CSOC.A
CA$5.55
Canso Select Opportunities
7D
33.7%
1Y
110.2%
X
CA$54.51
TMX Group
7D
1.2%
1Y
-0.7%
AGF.B
CA$15.72
AGF Management
7D
2.5%
1Y
54.1%

AGF.B: Dividend Support And Buybacks Will Shape Future Return Profile

AGF Management's updated analyst price target has shifted modestly, with recent Street research showing a mix of CA$1 cuts and CA$0.75 to CA$4 increases as analysts factor in adjusted fair value estimates, refined discount rates, and updated assumptions for revenue growth, profit margins, and future P/E. Analyst Commentary Recent research around AGF Management reflects a split view, with some firms trimming targets while others lift them by amounts ranging from CA$0.75 to CA$4.
SII
CA$174.54
Sprott
7D
-2.2%
1Y
142.8%
WI
CA$0.93
Western Investment Company of Canada
7D
8.1%
1Y
66.1%
BN
CA$60.45
Brookfield
7D
-4.8%
1Y
22.2%
BAM
CA$63.61
Brookfield Asset Management
7D
-3.4%
1Y
-14.6%
WED
CA$23.30
Westaim
7D
-4.1%
1Y
-25.6%
CKI
CA$26.51
Clarke
7D
8.2%
1Y
17.6%
WNDR
CA$0.34
WonderFi Technologies
7D
3.0%
1Y
58.1%
FIH.U
US$18.34
Fairfax India Holdings
7D
-1.5%
1Y
6.0%
CF
CA$11.82
Canaccord Genuity Group
7D
-6.9%
1Y
40.7%