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Canadian (TSX) Healthcare Sector Analysis

UpdatedJul 15, 2025
DataAggregated Company Financials
Companies127
  • 7D4.2%
  • 3M13.4%
  • 1Y-21.3%
  • YTD-9.2%

Over the last 7 days, the Healthcare industry has risen 4.2%, driven by gains in Curaleaf Holdings and Green Thumb Industries of 35% and 17%, respectively. Meanwhile, ME Therapeutics Holdings actually underperformed within the industry, shrinking 47% in the last week. In contrast, the industry has lost 21% in the last 12 months. Looking forward, earnings are forecast to grow by 43% annually.

Sector Valuation and Performance

Has the Canadian Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Jul 2025CA$29.1bCA$19.5b-CA$2,791,689,536.6123.7x-10.4x1.5x
Fri, 13 Jun 2025CA$27.4bCA$19.4b-CA$2,802,095,382.9222.7x-9.8x1.4x
Sun, 11 May 2025CA$27.6bCA$19.6b-CA$2,765,000,320.5626.2x-10x1.4x
Tue, 08 Apr 2025CA$24.5bCA$19.9b-CA$2,834,815,518.0817.9x-8.6x1.2x
Thu, 06 Mar 2025CA$27.2bCA$20.1b-CA$2,712,500,068.9223.8x-10x1.4x
Sat, 01 Feb 2025CA$28.5bCA$19.9b-CA$2,686,059,656.7227.4x-10.6x1.4x
Mon, 30 Dec 2024CA$28.5bCA$19.8b-CA$2,735,157,708.4225.1x-10.4x1.4x
Wed, 27 Nov 2024CA$29.6bCA$19.8b-CA$2,838,034,566.2619.7x-10.4x1.5x
Fri, 25 Oct 2024CA$35.7bCA$19.5b-CA$2,979,281,528.9120.7x-12x1.8x
Sun, 22 Sep 2024CA$32.2bCA$19.3b-CA$2,973,143,203.8721.4x-10.8x1.7x
Tue, 20 Aug 2024CA$33.8bCA$19.2b-CA$3,013,142,353.6722.6x-11.2x1.8x
Thu, 18 Jul 2024CA$34.0bCA$19.1b-CA$3,657,226,275.6319.5x-9.3x1.8x
Sat, 15 Jun 2024CA$33.0bCA$19.3b-CA$3,323,512,457.3117.1x-9.9x1.7x
Mon, 13 May 2024CA$36.4bCA$19.5b-CA$3,920,170,048.3116.5x-9.3x1.9x
Wed, 10 Apr 2024CA$37.9bCA$19.4b-CA$4,048,764,809.2313.5x-9.4x2x
Fri, 08 Mar 2024CA$31.3bCA$19.2b-CA$4,432,856,856.4515.3x-7.1x1.6x
Sun, 04 Feb 2024CA$40.1bCA$20.1b-CA$7,652,126,077.0013.8x-5.2x2x
Tue, 02 Jan 2024CA$33.3bCA$19.9b-CA$7,637,721,760.0014.2x-4.4x1.7x
Thu, 30 Nov 2023CA$33.3bCA$20.1b-CA$7,859,207,180.0015.4x-4.2x1.7x
Sat, 28 Oct 2023CA$29.3bCA$20.1b-CA$8,447,932,806.0017.2x-3.5x1.5x
Mon, 25 Sep 2023CA$35.4bCA$20.5b-CA$8,941,314,525.0017.8x-4x1.7x
Wed, 23 Aug 2023CA$29.3bCA$20.6b-CA$9,115,768,672.0018.9x-3.2x1.4x
Fri, 21 Jul 2023CA$31.0bCA$20.5b-CA$10,780,860,062.0021.2x-2.9x1.5x
Sun, 18 Jun 2023CA$30.1bCA$20.5b-CA$10,505,717,668.0018.5x-2.9x1.5x
Tue, 16 May 2023CA$30.4bCA$20.7b-CA$11,403,268,446.0016.1x-2.7x1.5x
Thu, 13 Apr 2023CA$48.3bCA$21.5b-CA$11,319,735,607.0016.3x-4.3x2.2x
Sat, 11 Mar 2023CA$33.4bCA$22.1b-CA$12,048,153,552.0021.6x-2.8x1.5x
Mon, 06 Feb 2023CA$36.3bCA$21.9b-CA$11,561,849,458.0019.3x-3.1x1.7x
Wed, 04 Jan 2023CA$34.3bCA$22.1b-CA$11,592,644,744.0018.9x-3x1.6x
Fri, 02 Dec 2022CA$46.5bCA$21.8b-CA$11,673,127,320.0020.2x-4x2.1x
Sun, 30 Oct 2022CA$41.9bCA$21.3b-CA$10,834,484,677.0021.1x-3.9x2x
Tue, 27 Sep 2022CA$39.9bCA$21.4b-CA$10,877,964,552.0022.1x-3.7x1.9x
Thu, 25 Aug 2022CA$48.4bCA$20.8b-CA$10,454,884,946.0023.1x-4.6x2.3x
Sat, 23 Jul 2022CA$46.5bCA$19.7b-CA$7,319,052,088.0020.5x-6.3x2.4x
Price to Earnings Ratio

-6.3x


Total Market Cap: CA$46.5bTotal Earnings: -CA$7,319,052,088.00Total Revenue: CA$19.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Healthcare Sector Price to Earnings3Y Average -6.6x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have improved over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since losses are shrinking while sales have been flat.

Industry Trends

Which industries have driven the changes within the Canadian Healthcare sector?

CA Market0.99%
Healthcare4.18%
Life Sciences19.54%
Pharma11.08%
Healthtech4.53%
Healthcare Services1.52%
Medical Equipment-5.64%
Biotech-12.49%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 45.9%, which is higher than its past year's earnings growth of 27.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Pharma industry, expecting annual earnings growth of 47% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Life Sciences industry is expected to see its earnings decline by 47% 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
GTII Green Thumb IndustriesCA$8.256.3%
+CA$113.7m
-48.8%PE27.7x
CURA Curaleaf HoldingsCA$1.387.0%
+CA$77.6m
-76.7%PS0.6x
NGEN NervGen PharmaCA$3.9711.8%
+CA$30.6m
33.2%PB208.1x
VREO Vireo GrowthCA$0.625.1%
+CA$28.6m
-1.6%PS4.3x
SONA Sona NanotechCA$0.7946.3%
+CA$28.1m
163.3%PB87.8x

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