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Canadian (TSX) Biotech Industry Analysis
UpdatedAug 13, 2025
DataAggregated Company Financials
Companies26
- 7D-0.6%
- 3M-4.6%
- 1Y-9.4%
- YTD-14.9%
Over the last 7 days, the Biotech industry has risen 7.0%, driven by gains from Bright Minds Biosciences of 20%. Meanwhile, Oncolytics Biotech actually underperformed within the industry, shrinking 14% in the last week. In contrast, the industry has lost 8.1% in the last 12 months. As for the next few years, earnings are forecast to decline by 5.1% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 13 Aug 2025 | CA$1.6b | CA$91.2m | -CA$215,261,421.45 | 21.8x | -7.5x | 17.8x |
| Fri, 11 Jul 2025 | CA$1.6b | CA$91.0m | -CA$270,901,181.84 | 22.7x | -6x | 17.7x |
| Sun, 08 Jun 2025 | CA$1.5b | CA$90.6m | -CA$303,927,469.18 | 22.5x | -4.9x | 16.4x |
| Tue, 06 May 2025 | CA$1.5b | CA$92.9m | -CA$284,487,571.49 | 21.3x | -5.1x | 15.7x |
| Thu, 03 Apr 2025 | CA$1.5b | CA$85.7m | -CA$299,413,932.89 | 23x | -4.9x | 17.2x |
| Sat, 01 Mar 2025 | CA$1.5b | CA$88.7m | -CA$317,724,572.99 | 23.8x | -4.8x | 17.3x |
| Mon, 27 Jan 2025 | CA$1.5b | CA$87.5m | -CA$317,869,040.15 | 25.4x | -4.8x | 17.3x |
| Wed, 25 Dec 2024 | CA$1.4b | CA$85.6m | -CA$321,647,086.52 | 15.2x | -4.5x | 16.9x |
| Fri, 22 Nov 2024 | CA$1.3b | CA$83.2m | -CA$247,830,515.19 | 8x | -5.4x | 16.2x |
| Sun, 20 Oct 2024 | CA$1.6b | CA$80.4m | -CA$280,068,283.41 | 9x | -5.7x | 20x |
| Tue, 17 Sep 2024 | CA$957.5m | CA$80.3m | -CA$274,159,879.92 | 9.3x | -3.5x | 11.9x |
| Thu, 15 Aug 2024 | CA$941.6m | CA$75.2m | -CA$289,127,949.44 | 11.6x | -3.3x | 12.5x |
| Sat, 13 Jul 2024 | CA$1.1b | CA$76.1m | -CA$335,919,241.27 | 10.4x | -3.4x | 14.9x |
| Mon, 10 Jun 2024 | CA$1.2b | CA$76.9m | -CA$342,690,786.75 | 11.3x | -3.4x | 15.4x |
| Wed, 08 May 2024 | CA$960.9m | CA$78.8m | -CA$301,771,305.58 | 322.5x | -3.2x | 12.2x |
| Fri, 05 Apr 2024 | CA$988.8m | CA$88.1m | -CA$279,252,229.47 | 10.2x | -3.5x | 11.2x |
| Sun, 03 Mar 2024 | CA$1.2b | CA$91.6m | -CA$325,002,295.97 | 11.5x | -3.6x | 12.7x |
| Tue, 30 Jan 2024 | CA$3.6b | CA$87.8m | -CA$515,087,954.00 | 6.9x | -6.9x | 40.6x |
| Thu, 28 Dec 2023 | CA$3.6b | CA$86.1m | -CA$521,349,756.00 | 6.9x | -6.9x | 41.9x |
| Sat, 25 Nov 2023 | CA$3.9b | CA$86.4m | -CA$546,998,271.00 | 5.9x | -7.1x | 44.8x |
| Mon, 23 Oct 2023 | CA$3.8b | CA$89.0m | -CA$532,672,654.00 | 5.2x | -7x | 42.2x |
| Wed, 20 Sep 2023 | CA$3.9b | CA$88.8m | -CA$516,884,583.00 | 5.7x | -7.5x | 44x |
| Fri, 18 Aug 2023 | CA$4.0b | CA$87.3m | -CA$524,549,109.00 | 6.7x | -7.6x | 45.5x |
| Sun, 16 Jul 2023 | CA$4.1b | CA$81.5m | -CA$516,636,148.00 | 14.2x | -7.9x | 49.9x |
| Tue, 13 Jun 2023 | CA$3.9b | CA$86.5m | -CA$548,845,831.00 | 12x | -7.1x | 45.1x |
| Thu, 11 May 2023 | CA$3.8b | CA$82.3m | -CA$584,445,054.00 | 12.2x | -6.5x | 45.9x |
| Sat, 08 Apr 2023 | CA$2.3b | CA$84.3m | -CA$594,792,725.00 | 8.9x | -3.9x | 27.6x |
| Mon, 06 Mar 2023 | CA$2.7b | CA$90.4m | -CA$591,355,112.00 | 8.1x | -4.6x | 30.2x |
| Wed, 01 Feb 2023 | CA$3.0b | CA$86.4m | -CA$523,065,597.00 | 13.1x | -5.6x | 34.2x |
| Fri, 30 Dec 2022 | CA$3.0b | CA$87.6m | -CA$533,476,085.00 | 11.3x | -5.5x | 33.7x |
| Sun, 27 Nov 2022 | CA$3.1b | CA$88.4m | -CA$577,679,261.00 | 7.7x | -5.4x | 35.2x |
| Tue, 25 Oct 2022 | CA$3.1b | CA$86.1m | -CA$551,596,803.00 | 15.1x | -5.6x | 35.8x |
| Thu, 22 Sep 2022 | CA$3.3b | CA$85.2m | -CA$542,170,558.00 | 13.5x | -6.2x | 39.2x |
| Sat, 20 Aug 2022 | CA$3.5b | CA$85.3m | -CA$530,501,715.00 | 17.5x | -6.5x | 40.5x |
Price to Earnings Ratio
-6.5x
Current Industry PE
- Investors are pessimistic on the Canadian Biotechs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 27.6x is higher than the industry's current PS ratio of 18.1x.
Past Earnings Growth
- The earnings for companies in the Biotechs industry have improved over the last three years.
- Revenues for these companies have grown 2.3% 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 | 0.16% | |
| Healthcare | 11.19% | |
| Biotech | -0.62% | |
| Biotech | -0.62% | |
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$56.68 | 26.8% +CA$84.9m | n/a | PB7.2x | |
| MDNA Medicenna Therapeutics | CA$1.06 | 17.8% +CA$13.3m | -50.7% | PB6x | |
| MSCL Satellos Bioscience | CA$0.60 | 3.4% +CA$3.5m | 25.0% | PB1.8x | |
| NRX NurExone Biologic | CA$0.74 | 4.2% +CA$2.4m | 29.8% | PB32.7x | |
| TH Theratechnologies | CA$4.42 | 1.1% +CA$2.3m | 141.5% | PS1.7x |