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Canadian (TSX) Biotech Industry Analysis
UpdatedJan 08, 2026
DataAggregated Company Financials
Companies27
- 7D5.2%
- 3M12.3%
- 1Y24.8%
- YTD3.4%
Over the last 7 days, the Biotech industry has risen 3.9%, driven by gains from Bright Minds Biosciences of 18%. Meanwhile, Sharp Therapeutics actually underperformed within the industry, shrinking 32% in the last week. This means that the industry has gained 16% over the past year. Looking forward, earnings are forecast to grow by 1.8% annually.
Industry Valuation and Performance
Has the Canadian Biotech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 08 Jan 2026 | CA$2.5b | CA$95.7m | -CA$243,746,698.07 | 24.4x | -10.2x | 26x |
| Sat, 06 Dec 2025 | CA$2.3b | CA$98.0m | -CA$235,617,684.98 | 22.8x | -9.9x | 23.8x |
| Mon, 03 Nov 2025 | CA$2.2b | CA$95.7m | -CA$232,043,299.38 | 27.1x | -9.3x | 22.6x |
| Wed, 01 Oct 2025 | CA$2.0b | CA$95.6m | -CA$225,511,634.23 | 24.9x | -8.7x | 20.4x |
| Fri, 29 Aug 2025 | CA$1.5b | CA$90.8m | -CA$202,763,769.32 | 28.5x | -7.6x | 17x |
| Sun, 27 Jul 2025 | CA$1.6b | CA$91.1m | -CA$271,255,056.85 | 22.8x | -5.8x | 17.3x |
| Tue, 24 Jun 2025 | CA$1.5b | CA$90.7m | -CA$286,634,689.79 | 22.3x | -5.3x | 16.7x |
| Thu, 22 May 2025 | CA$1.5b | CA$91.8m | -CA$293,364,695.10 | 23.4x | -5.2x | 16.6x |
| Sat, 19 Apr 2025 | CA$1.4b | CA$92.1m | -CA$285,664,036.57 | 19.5x | -4.8x | 15x |
| Mon, 17 Mar 2025 | CA$1.6b | CA$88.6m | -CA$311,124,845.66 | 20.8x | -5x | 17.6x |
| Wed, 12 Feb 2025 | CA$1.7b | CA$87.5m | -CA$318,719,825.36 | 24.8x | -5.3x | 19.4x |
| Fri, 10 Jan 2025 | CA$1.5b | CA$87.5m | -CA$319,155,764.14 | 23.9x | -4.6x | 16.8x |
| Sun, 08 Dec 2024 | CA$1.5b | CA$83.4m | -CA$311,247,281.09 | 8.7x | -4.7x | 17.7x |
| Tue, 05 Nov 2024 | CA$1.5b | CA$80.4m | -CA$282,107,376.65 | 8.4x | -5.2x | 18.4x |
| Thu, 03 Oct 2024 | CA$991.8m | CA$80.2m | -CA$277,266,585.82 | 9.1x | -3.6x | 12.4x |
| Sat, 31 Aug 2024 | CA$975.8m | CA$80.2m | -CA$283,759,774.49 | 10.2x | -3.4x | 12.2x |
| Mon, 29 Jul 2024 | CA$1.1b | CA$76.2m | -CA$340,906,659.30 | 10.6x | -3.3x | 14.8x |
| Wed, 26 Jun 2024 | CA$1.1b | CA$76.8m | -CA$339,337,325.07 | 10.9x | -3.3x | 14.6x |
| Fri, 24 May 2024 | CA$1.1b | CA$77.1m | -CA$369,150,143.44 | 11x | -3.1x | 14.8x |
| Sun, 21 Apr 2024 | CA$874.3m | CA$79.5m | -CA$301,685,064.26 | 12.6x | -2.9x | 11x |
| Tue, 19 Mar 2024 | CA$1.1b | CA$91.6m | -CA$320,217,123.81 | 11.1x | -3.6x | 12.4x |
| Thu, 15 Feb 2024 | CA$1.1b | CA$87.2m | -CA$323,735,872.77 | 10.4x | -3.3x | 12.4x |
| Sat, 13 Jan 2024 | CA$3.6b | CA$86.2m | -CA$516,247,702.00 | 6.8x | -6.9x | 41.3x |
| Mon, 11 Dec 2023 | CA$3.8b | CA$86.1m | -CA$543,138,347.00 | 5.6x | -6.9x | 43.7x |
| Wed, 08 Nov 2023 | CA$3.8b | CA$88.9m | -CA$542,970,944.00 | 7.8x | -6.9x | 42.2x |
| Fri, 06 Oct 2023 | CA$3.8b | CA$89.0m | -CA$526,162,468.00 | 6.1x | -7.3x | 43x |
| Sun, 03 Sep 2023 | CA$4.0b | CA$90.0m | -CA$513,801,240.00 | 6.1x | -7.8x | 44.7x |
| Tue, 01 Aug 2023 | CA$4.0b | CA$81.9m | -CA$515,977,162.00 | 7.2x | -7.8x | 48.9x |
| Thu, 29 Jun 2023 | CA$4.0b | CA$86.4m | -CA$549,244,562.00 | 13x | -7.2x | 46x |
| Sat, 27 May 2023 | CA$3.8b | CA$86.9m | -CA$608,188,765.00 | 11.1x | -6.3x | 43.9x |
| Mon, 24 Apr 2023 | CA$3.7b | CA$83.8m | -CA$598,401,888.00 | 12.3x | -6.2x | 44.6x |
| Wed, 22 Mar 2023 | CA$2.6b | CA$90.4m | -CA$620,392,824.00 | 9.3x | -4.3x | 29.3x |
| Fri, 17 Feb 2023 | CA$2.9b | CA$89.1m | -CA$589,658,227.00 | 8.6x | -4.9x | 32.7x |
| Sun, 15 Jan 2023 | CA$3.1b | CA$87.5m | -CA$525,283,764.00 | 11.6x | -5.8x | 34.9x |
Price to Earnings Ratio
-5.8x
Current Industry PE
- Investors are relatively neutral on the Canadian Biotechs 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 PS ratio of 25.5x.
Past Earnings Growth
- The earnings for companies in the Biotechs industry have improved over the last three years.
- Revenues for these companies have grown 3.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Canadian Healthcare industry?
| CA Market | 1.08% | |
| Healthcare | 0.92% | |
| Biotech | 5.17% | |
| Biotech | 5.17% | |
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 | |
|---|---|---|---|---|---|
| DRUG Bright Minds Biosciences | CA$130.08 | 17.8% +CA$153.0m | 124.7% | PB12.3x | |
| MSCL Satellos Bioscience | CA$0.79 | 19.7% +CA$24.1m | -7.1% | PB3.1x | |
| SVA Sernova Biotherapeutics | CA$0.14 | 7.7% +CA$3.4m | -40.4% | PE-3x | |
| MDNA Medicenna Therapeutics | CA$0.95 | 3.3% +CA$2.5m | -33.1% | PB7.7x | |
| COV Covalon Technologies | CA$1.83 | 5.2% +CA$2.5m | -43.2% | PE24.4x |